XPER Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $5.43

Market Cap (MRQ) $265M

P/E (TTM) -7.8

EPS (TTM) $-0.70

Revenue (TTM) $457M

ROE (TTM) -7.8%

Debt/Equity (MRQ) 0.1

52W Range $5–$9

XPER Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

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10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$448M

2020-12-31 → 2025-12-31

EPS$-1.23

2020-12-31 → 2025-12-31

Free Cash Flow$-6M

2022-12-31 → 2025-12-31

Net margin-7.1%

2022-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	XPER	5Y avg	Peer Median	Verdict
P/E (TTM)	-7.85Y avg ≈-10.5	≈-10.5	·	·
P/S (TTM)	0.65Y avg ≈0.8	≈0.8	2.1	Undervalued
P/B (MRQ)	0.65Y avg ≈0.9	≈0.9	2.8	Undervalued
EV / EBITDA	-4.55Y avg ≈-3.2	≈-3.2	·	·
Price / FCF (TTM)	93.85Y avg ≈-25.3	≈-25.3	·	·
Price / Cash Flow (TTM)	32.45Y avg ≈1825.8	≈1825.8	·	·
EV / Revenue	0.45Y avg ≈0.6	≈0.6	·	·
EV / FCF	-33.65Y avg ≈-20.1	≈-20.1	·	·
Price / Tangible Book (MRQ)	0.95Y avg ≈1.8	≈1.8	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	XPER	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	-2.4%5Y avg ≈-50.4%	≈-50.4%	1.4%	Top tier
EBITDA Margin	-9.8%5Y avg ≈-50.4%	≈-50.4%	1.4%	Top tier
Pretax Margin (TTM)	-2.2%5Y avg ≈-45.1%	≈-45.1%	2.9%	In line
Net Profit Margin (TTM)	-7.1%5Y avg ≈-48.1%	≈-48.1%	1.4%	Weak
ROA (TTM)	-5.2%5Y avg ≈-26.8%	≈-26.8%	-8.8%	In line
ROE (TTM)	-7.8%5Y avg ≈-37.7%	≈-37.7%	-2.1%	Weak
ROIC	-13.4%5Y avg ≈-47.8%	≈-47.8%	-3.8%	Below avg

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	XPER	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.15Y avg ≈0.1	≈0.1	0.3	Low debt
Current Ratio (MRQ)	2.55Y avg ≈2.0	≈2.0	1.6	Strong liquidity
Quick Ratio	1.45Y avg ≈1.3	≈1.3	1.0	Strong liquidity
Long-Term Debt / Equity (MRQ)	0.15Y avg ≈0.1	≈0.1	0.3	Low debt
Interest Coverage	-14.7	·	-33.0	Strong liquidity

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	XPER	5Y avg	Peer Median	Verdict
Revenue YoY	-9.2%5Y avg ≈4.4%	≈4.4%	·	·
Revenue CAGR 3Y	-3.7%5Y avg ≈2.8%	≈2.8%	·	·
Revenue CAGR 5Y	3.6%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	XPER	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-1.235Y avg ≈$-5.38	≈$-5.38	·	·
Revenue / Share	$9.775Y avg ≈$11.20	≈$11.20	·	·
Cash Flow / Share	$-0.015Y avg ≈$-0.48	≈$-0.48	·	·
Cash / Share	$2.065Y avg ≈$3.01	≈$3.01	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	XPER	5Y avg	Peer Median	Verdict
Asset Turnover	0.75Y avg ≈0.7	≈0.7	0.5	Top tier
Receivables Turnover	7.85Y avg ≈8.0	≈8.0	7.2	In line
Revenue / Employee	≈$324.7K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 130.2%

Next Report Nov 09, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 12, 2026	$0.28	$0.21	30.7%
March 31, 2026	May 13, 2026	$0.23	$0.13	82.8%
Dec. 31, 2025		$0.24	$0.22	8.5%
Sept. 30, 2025		$0.28	$0.21	31.3%
June 30, 2025		$0.11	$0.10	13.9%
March 31, 2025		$0.16	$0.02	614.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 15

Metric	2025	2024	2023	2022	2021
Revenue	$448M	$494M	$521M	$502M	$486M
R&D Expense	$135M	$191M	$223M	$216M	$195M
SG&A Expense	$182M	$218M	$233M	$217M	$200M
Operating Expenses	$492M	$581M	$651M	$1.25B	$648M
Operating Income	$-44M	$-87M	$-130M	$-749M	$-162M
Interest Expense	$3M	$3M	$3M	$2M	·
Other Non-op	·	·	$-9.0K	$2M	$2M
Pretax Income	$-41M	$12M	$-130M	$-748M	$-160M
Income Tax	$16M	$12M	$10M	$14M	$19M
Net Income	$-56M	$-14M	$-137M	$-757M	$-176M
EPS (Basic)	$-1.23	$-0.31	$-3.18	$-18.02	$-4.18
EPS (Diluted)	$-1.23	$-0.31	$-3.18	$-18.02	$-4.18
Shares (Basic)	45,869,000	45,057,000	43,012,000	42,029,000	42,024,000
Shares (Diluted)	45,869,000	45,057,000	43,012,000	42,029,000	42,024,000
EBITDA	$-44M	$-87M	$-130M	$-749M	·

Balance Sheet 29

Metric	2025	2024	2023	2022	2021
Cash & Equivalents	$97M	$131M	$142M	$160M	$121M
Receivables	$57M	$59M	$56M	$65M	$79M
Inventory	·	·	·	$7M	$5M
Prepaid Expense	$24M	$32M	$39M	$42M	$15M
Other Current Assets	$24M	$32M	$39M	$42M	$26M
Current Assets	$267M	$305M	$317M	$332M	$277M
PP&E (Net)	$52M	$44M	$42M	$48M	$57M
PP&E (Gross)	$139M	$125M	$113M	$120M	$110M
Accum. Depreciation	$87M	$80M	$72M	$72M	$52M
Goodwill	$0	·	·	$0	$537M
Intangibles	$129M	$164M	$207M	$264M	$271M
Other Non-current Assets	$27M	$24M	$33M	$33M	$19M
Total Assets	$616M	$668M	$674M	$737M	$1.23B
Accounts Payable	$12M	$17M	$21M	$15M	$7M
Accrued Liabilities	$82M	$94M	$110M	$110M	$84M
Short-term Debt	$0	$50M	·	·	·
Current Liabilities	$111M	$185M	$165M	$150M	$120M
Capital Leases	$21M	$20M	$31M	$43M	$49M
Deferred Tax	$1M	$1M	$7M	$13M	$14M
Other Non-current Liabilities	$13M	$11M	$5M	$13M	$6M
Total Liabilities	$202M	$239M	$286M	$288M	$213M
Long-term Debt	$28M	$28M	·	·	·
Total Debt	$40M	$50M	$50M	$50M	·
Common Stock	$47.0K	$44.0K	$44.0K	$42.0K	·
Retained Earnings	$-896M	$-839M	$-805M	$-669M	·
AOCI	$-4M	$-6M	$-3M	$-4M	$-676.0K
Stockholders' Equity	$414M	$429M	$387M	$449M	$1.03B
Liabilities + Equity	$616M	$668M	$674M	$737M	$1.23B
Shares Outstanding	46,925,000	44,328,000	44,211,000	42,066,000	0

Cash Flow 17

Metric	2025	2024	2023	2022	2021
Stock-based Comp	$41M	$61M	$70M	$45M	$34M
Deferred Tax	$2M	$-3M	$-9M	$-9M	$7M
Amort. of Intangibles	$35M	$43M	$58M	$62M	$105M
Restructuring	$14M	·	·	·	·
Operating Cash Flow	$-515.0K	$-55M	$62.0K	$-28M	$-23M
CapEx	$5M	$5M	$7M	$13M	$9M
Investing Cash Flow	$-21M	$51M	$-13M	$-65M	$-21M
Debt Issued	$41M	$0	$0	·	·
Net Debt Issued	$40M	·	·	·	·
Stock Issued	$6M	$8M	$12M	·	·
Stock Repurchased	$0	$20M	$0	·	·
Net Stock Activity	$6M	$-12M	$12M	·	·
Financing Cash Flow	$-12M	$-19M	$7M	$136M	$83M
Net Change in Cash	$-34M	$-24M	$-6M	$39M	$35M
Taxes Paid	$13M	$19M	$21M	·	·
Free Cash Flow	$-6M	$-60M	$-13M	$-43M	·
Levered FCF	$-10M	$-60M	·	·	·

Profitability 7

Metric	2025	2024	2023	2022	2021
Operating Margin	-9.8%	-17.6%	-24.9%	-149.2%	·
Net Margin	-12.6%	-2.8%	-26.2%	-150.8%	·
Pretax Margin	-9.1%	2.4%	-24.9%	-148.8%	·
EBITDA Margin	-9.8%	-17.6%	-24.9%	-149.2%	·
ROA	-8.8%	-2.1%	-19.4%	-77.1%	·
ROE	-13.5%	-3.6%	-32.0%	-101.8%	·
ROIC	-13.4%	1.4%	-30.8%	-148.6%	·

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021
Current Ratio	2.4	1.6	1.9	2.2	·
Quick Ratio	1.4	1.0	1.2	1.5	·
Debt / Equity	0.1	0.1	0.1	0.1	·
LT Debt / Equity	0.1	·	0.1	0.1	·
Interest Coverage	-14.7	-28.9	·	·	·

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021
Asset Turnover		0.7	0.7	0.7	0.5	·
Receivables Turnover		7.8	8.6	8.6	7.0	·

Per Share 5

Metric	2025	2024	2023	2022	2021
Book Value / Share	$8.82	$9.68	$9.14	$11.02	·
Revenue / Share	$9.77	$10.96	$12.12	$11.95	·
Cash Flow / Share	$-0.01	$-1.23	$0.00	$-0.68	·
Cash / Share	$2.06	$2.95	$3.21	$3.81	·
EPS (TTM)	$-1.23	$-0.31	$-3.18	$-18.02	·

Growth Rates 3

Metric	2025	2024	2023	2022	2021
Revenue YoY	-9.2%	-5.3%	3.8%	3.2%	29.3%
Revenue CAGR 3Y	-3.7%	0.49%	11.5%	·	·
Revenue CAGR 5Y	3.6%	·	·	·	·

Valuation (TTM) 14

Metric	2025	2024	2023	2022	2021
Revenue TTM	$448M	$494M	$521M	$502M	·
Net Income TTM	$-56M	$-14M	$-137M	$-757M	·
Market Cap	$275M	$455M	$487M	$362M	·
Enterprise Value	$218M	$375M	$395M	$252M	·
P/E	-4.8	-33.1	-3.5	-0.5	·
P/S	0.6	0.9	0.9	0.7	·
P/B	0.7	1.1	1.2	0.8	·
P / Tangible Book	1.0	1.7	2.7	2.0	·
P / Cash Flow	-533.9	-8.2	7858.1	-12.7	·
P / FCF	-46.6	-7.5	-38.4	-8.5	·
EV / EBITDA	-5.0	-4.3	-3.0	-0.3	·
EV / FCF	-37.0	-6.2	-31.1	-5.9	·
EV / Revenue	0.5	0.8	0.8	0.5	·
Earnings Yield	-21.0%	-3.0%	-28.9%	-209.3%	·

Income Statement 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$114M	$114M	$117M	$112M	$106M	$114M	$122M	$133M	$120M	$119M	$137M	$130M	$127M	$127M	$136M	$122M
R&D Expense	$22M	$27M	$36M	$30M	$30M	$40M	$42M	$54M	$45M	$50M	$56M	$56M	$56M	$55M	$58M	$57M
SG&A Expense	$41M	$42M	$49M	$43M	$41M	$49M	$52M	$56M	$53M	$56M	$60M	$60M	$56M	$58M	$61M	$57M
Operating Expenses	$112M	$112M	$131M	$113M	$117M	$130M	$137M	$151M	$141M	$151M	$167M	$161M	$162M	$160M	$435M	$521M
Operating Income	$3M	$2M	$-15M	$-1M	$-11M	$-16M	$-14M	$-19M	$-22M	$-32M	$-30M	$-31M	$-35M	$-34M	$-299M	$-399M
Interest Expense	$684.0K	$678.0K	$727.0K	$761.0K	$759.0K	$732.0K	$756.0K	$756.0K	$748.0K	$748.0K	$754.0K	$756.0K	$750.0K	$740.0K	·	·
Other Non-op	·	·	·	·	·	·	·	·	·	·	·	$-1M	$908.0K	$368.0K	·	$-527.0K
Pretax Income	$3M	$2M	$-14M	$-1M	$-10M	$-15M	$59M	$-17M	$-21M	$-9M	$-30M	$-32M	$-34M	$-33M	$-297M	$-400M
Income Tax	$5M	$10M	$3M	$5M	$5M	$3M	$-4M	$3M	$9M	$4M	$-4M	$10M	$5M	$-294.0K	$1M	$2M
Net Income	$-2M	$-8M	$-17M	$-6M	$-15M	$-18M	$46M	$-17M	$-30M	$-13M	$-25M	$-41M	$-38M	$-32M	$-297M	$-401M
EPS (Basic)	$-0.03	$-0.17	$-0.37	$-0.13	$-0.32	$-0.41	$1.02	$-0.37	$-0.67	$-0.29	$-0.56	$-0.96	$-0.90	$-0.76	$-7.06	$-9.54
EPS (Diluted)	$-0.03	$-0.17	$-0.37	$-0.13	$-0.32	$-0.41	$1.02	$-0.37	$-0.67	$-0.29	$-0.56	$-0.96	$-0.90	$-0.76	$-7.06	$-9.54
Shares (Basic)	48,421,000	47,352,000	·	46,276,000	45,846,000	44,773,000	·	45,683,000	45,331,000	44,521,000	·	43,316,000	42,770,000	42,224,000	·	42,024,000
Shares (Diluted)	48,421,000	47,352,000	·	46,276,000	45,846,000	44,773,000	·	45,683,000	45,331,000	44,521,000	·	43,316,000	42,770,000	42,224,000	·	42,024,000
EBITDA	$3M	$2M	·	$-1M	$-11M	$-16M	·	$-19M	$-22M	$-32M	·	$-31M	$-35M	$-34M	·	$-399M

Balance Sheet 29

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$91M	$70M	$97M	$97M	$95M	$88M	$131M	$73M	$92M	$95M	$142M	$132M	$112M	$111M	$160M	$180M
Receivables	$62M	$60M	$57M	$57M	$60M	$58M	$59M	$62M	$57M	$64M	·	$64M	$76M	$71M	·	$64M
Inventory	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$9M
Prepaid Expense	$27M	$29M	$24M	$30M	$36M	$37M	$32M	$38M	$36M	$43M	·	$39M	$40M	$22M	·	$18M
Other Current Assets	$27M	$29M	$24M	$30M	$36M	$37M	$32M	$38M	$36M	$43M	·	$39M	$40M	$47M	·	$40M
Current Assets	$284M	$261M	$267M	$273M	$284M	$267M	$305M	$259M	$266M	$272M	·	$296M	$288M	$297M	·	$336M
PP&E (Net)	$55M	$51M	$52M	$50M	$47M	$46M	$44M	$44M	$42M	$42M	·	$45M	$46M	$47M	·	$52M
PP&E (Gross)	$150M	$143M	$139M	$139M	$133M	$129M	$125M	$124M	$120M	$117M	·	$127M	$125M	$122M	·	$121M
Accum. Depreciation	$95M	$91M	$87M	$89M	$86M	$83M	$80M	$81M	$78M	$75M	·	$83M	$79M	$75M	·	$69M
Goodwill	$3M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$251M
Intangibles	$113M	$121M	$129M	$137M	$145M	$154M	$164M	$174M	$185M	$196M	·	$220M	$235M	$250M	·	$280M
Other Non-current Assets	$29M	$28M	$27M	$28M	$24M	$26M	$24M	$27M	$28M	$30M	·	$35M	$35M	$34M	·	$32M
Total Assets	$616M	$607M	$616M	$629M	$629M	$633M	$668M	$616M	$619M	$630M	·	$664M	$671M	$687M	·	$1.01B
Accounts Payable	$17M	$13M	$12M	$17M	$15M	$15M	$17M	$19M	$14M	$20M	·	$16M	$11M	$14M	·	$19M
Accrued Liabilities	$82M	$82M	$82M	$78M	$78M	$79M	$94M	$106M	$90M	$84M	·	$110M	$91M	$87M	·	$97M
Short-term Debt	·	·	$0	$0	$0	·	$50M	$50M	·	·	·	·	·	·	·	·
Current Liabilities	$114M	$110M	$111M	$113M	$113M	$118M	$185M	$201M	$133M	$130M	·	$151M	$127M	$126M	·	$142M
Capital Leases	$18M	$20M	$21M	$23M	$24M	$24M	$20M	$20M	$24M	$27M	·	$34M	$38M	$37M	·	$42M
Deferred Tax	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$7M	$7M	$7M	·	$12M	$12M	$13M	·	$21M
Other Non-current Liabilities	$16M	$14M	$13M	$13M	$12M	$12M	$11M	$11M	$13M	$13M	·	$11M	$11M	$12M	·	$5M
Total Liabilities	$201M	$199M	$202M	$208M	$209M	$215M	$239M	$260M	$249M	$249M	·	$278M	$257M	$257M	·	$280M
Long-term Debt	$28M	$28M	$28M	$28M	$28M	$28M	·	$28M	$28M	$28M	·	·	·	·	·	·
Total Debt	$40M	$40M	·	$40M	$40M	$40M	·	$50M	$50M	$50M	·	$50M	$50M	$50M	·	$50M
Common Stock	$49.0K	$48.0K	$47.0K	$46.0K	$46.0K	$45.0K	$44.0K	$45.0K	$46.0K	$45.0K	·	$43.0K	$43.0K	$42.0K	·	$42.0K
Retained Earnings	$-905M	$-904M	$-896M	$-879M	$-873M	$-858M	$-839M	$-876M	$-849M	$-819M	·	$-781M	$-739M	$-701M	·	$-372M
AOCI	$-6M	$-6M	$-4M	$-4M	$-2M	$-4M	$-6M	$-3M	$-4M	$-4M	·	$-5M	$-3M	$-3M	·	$-5M
Stockholders' Equity	$415M	$408M	$414M	$421M	$420M	$419M	$429M	$377M	$389M	$399M	$387M	$403M	$431M	$446M	·	$744M
Liabilities + Equity	$616M	$607M	$616M	$629M	$629M	$633M	$668M	$616M	$619M	$630M	·	$664M	$671M	$687M	·	$1.01B
Shares Outstanding	48,745,000	48,086,000	46,925,000	46,295,000	46,221,000	45,519,000	44,328,000	44,776,000	45,746,000	45,031,000	·	43,387,000	43,214,000	42,497,000	·	42,024,000

Cash Flow 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Stock-based Comp	$7M	$8M	$9M	$10M	$10M	$12M	$15M	$15M	$15M	$15M	$18M	$18M	$18M	$16M	$16M	$11M
Amort. of Intangibles	$8M	$8M	$8M	$8M	$9M	$10M	$10M	$11M	$11M	$11M	$13M	$15M	$15M	$15M	$16M	$17M
Restructuring	$-9.0K	$306.0K	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Operating Cash Flow	$15M	$-18M	$4M	$8M	$10M	$-22M	$1M	$-5M	$-2M	$-50M	$21M	$24M	$-2M	$-43M	$-17M	$11M
CapEx	$497.0K	$1M	$3M	$812.0K	$561.0K	$1M	$2M	$997.0K	$462.0K	$2M	$2M	$-1M	$-1M	$2M	$3M	$3M
Investing Cash Flow	$-7M	$-5M	$-6M	$-6M	$-5M	$-4M	$64M	$-4M	$-4M	$-5M	$-3M	$-3M	$-2M	$-4M	$-4M	$-54M
Debt Issued	$0	$0	$1M	$0	$0	$40M	$0	$0	·	·	·	·	·	·	·	·
Net Debt Issued	·	$0	·	·	·	$40M	·	·	·	·	·	·	·	·	·	·
Stock Issued	·	·	$3M	$0	·	·	$4M	$0	·	·	$6M	$0	·	·	·	·
Stock Repurchased	·	·	$0	·	·	·	$10M	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$13M	$-4M	$2M	$-279.0K	$2M	$-16M	$-7M	$-11M	$3M	$-5M	$6M	$-1M	$6M	$-3M	$-286.0K	$92M
Net Change in Cash	$20M	$-26M	$40.0K	$2M	$7M	$-43M	$58M	$-20M	$-3M	$-59M	$23M	$19M	$1M	$-49M	$-20M	$47M
Free Cash Flow	·	$-19M	·	·	·	$-23M	·	·	·	$-52M	·	·	·	$-47M	·	·
Levered FCF	·	$-17M	·	·	·	$-24M	·	·	·	$-53M	·	·	·	·	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	2.5%	1.9%	·	-1.2%	-10.5%	-14.4%	·	-14.0%	-18.3%	-27.2%	·	-23.8%	-27.7%	-26.5%	·	-328.1%
Net Margin	-1.3%	-6.9%	·	-5.5%	-14.0%	-16.1%	·	-12.7%	-25.3%	-11.0%	·	-31.8%	-30.3%	-25.2%	·	-329.5%
Pretax Margin	2.9%	2.0%	·	-1.2%	-9.6%	-13.1%	·	-12.7%	-17.9%	-7.7%	·	-24.8%	-27.0%	-26.2%	·	-328.6%
EBITDA Margin	2.5%	1.9%	·	-1.2%	-10.5%	-14.4%	·	-14.0%	-18.3%	-27.2%	·	-23.8%	-27.7%	-26.5%	·	-328.1%
ROA	-0.24%	-1.3%	·	-0.98%	-2.4%	-2.9%	·	-2.6%	-4.7%	-2.0%	·	-5.0%	-11.4%	-9.3%	·	-79.3%
ROE	-0.36%	-1.9%	·	-1.5%	-3.7%	-4.5%	·	-4.3%	-7.4%	-3.1%	·	-7.2%	-17.8%	-14.3%	·	-107.7%
ROIC	-0.29%	-1.6%	·	-1.4%	-3.5%	-4.4%	·	-5.1%	-7.2%	-10.6%	·	-8.9%	-8.4%	-6.7%	·	-50.5%

Liquidity & Solvency 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	2.5	2.4	·	2.4	2.5	2.3	·	1.3	2.0	2.1	·	2.0	2.3	2.4	·	2.4
Quick Ratio	1.3	1.2	·	1.4	1.4	1.2	·	0.7	1.1	1.2	·	1.3	1.5	1.4	·	1.7
Debt / Equity	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1
LT Debt / Equity	0.1	0.1	·	0.1	0.1	0.1	·	·	0.1	0.1	·	0.1	0.1	0.1	·	0.1
Interest Coverage	4.3	3.2	·	-1.8	-14.7	-22.5	·	-24.5	-29.3	-43.2	·	·	·	·	·	·

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.4	0.4	·	0.2
Receivables Turnover		1.9	1.9	·	1.9	1.8	1.9	·	2.1	1.8	1.8	·	2.0	3.3	3.6	·	3.8

Per Share 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$8.52	$8.48	·	$9.09	$9.08	$9.20	·	$8.43	$8.50	$8.86	·	$9.29	$9.97	$10.49	·	$17.72
Revenue / Share	$2.36	$2.41	·	$2.41	$2.31	$2.55	·	$2.91	$2.64	$2.67	·	$3.01	$2.97	$3.00	·	$2.89
Cash Flow / Share	·	$-0.38	·	·	·	$-0.50	·	·	·	$-1.12	·	·	·	$-1.02	·	·
Cash / Share	$1.86	$1.46	·	$2.09	$2.06	$1.93	·	$1.62	$2.02	$2.11	·	$3.03	$2.60	$2.60	·	$4.29
EPS (TTM)	$-0.70	$-0.99	·	$0.16	$-0.08	$-0.43	·	$-1.89	$-2.48	$-2.71	·	$-9.68	$-18.26	$-18.08	·	$-12.19

Valuation (TTM) 11

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$457M	$448M	·	$454M	$475M	$489M	·	$509M	$506M	$513M	·	$520M	$511M	$510M	·	$491M
Net Income TTM	$-33M	$-46M	·	$7M	$-4M	$-19M	·	$-85M	$-110M	$-118M	·	$-409M	$-768M	$-760M	·	$-512M
Market Cap	$401M	$269M	·	$300M	$366M	$351M	·	$414M	$376M	$543M	·	$428M	$568M	$464M	·	$1.09B
Enterprise Value	$351M	$239M	·	$243M	$310M	$303M	·	$391M	$333M	$498M	·	$346M	$506M	$404M	·	$963M
P/E	-11.8	-5.7	·	40.5	-98.9	-18.0	·	-4.9	-3.3	-4.5	·	-1.0	-0.7	-0.6	·	-2.1
P/S	0.9	0.6	·	0.7	0.8	0.7	·	0.8	0.7	1.1	·	0.8	1.1	0.9	·	2.2
P/B	1.0	0.7	·	0.7	0.9	0.8	·	1.1	1.0	1.4	·	1.1	1.3	1.0	·	1.5
P / Tangible Book	1.3	0.9	·	1.1	1.3	1.3	·	2.0	1.8	2.7	·	2.3	2.9	2.4	·	5.1
P / Cash Flow	·	-14.9	·	·	·	-15.8	·	·	·	-10.9	·	·	·	-10.8	·	·
EV / Revenue	0.8	0.5	·	0.5	0.7	0.6	·	0.8	0.7	1.0	·	0.7	1.0	0.8	·	2.0
Earnings Yield	-8.5%	-17.7%	·	2.5%	-1.0%	-5.6%	·	-20.4%	-30.2%	-22.5%	·	-98.2%	-138.9%	-165.4%	·	-46.9%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$448M	$494M	$521M	$502M	$486M
Operating Margin %	-9.8%	-17.6%	-24.9%	-149.2%	·
Net Income	$-56M	$-14M	$-137M	$-757M	$-176M
Diluted EPS	$-1.23	$-0.31	$-3.18	$-18.02	$-4.18

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.1	0.1	0.1	0.1	·
Current Ratio	2.4	1.6	1.9	2.2	·
Quick Ratio	1.4	1.0	1.2	1.5	·

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-6M	$-60M	$-13M	$-43M	·

Institutional owners (13F) 169 filers · $405.2M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 169

Value held $405.2M

New positions 33

Exited positions 17

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
33 (+7 vs prior Q)	17 (+2 vs prior Q)	65 (+10 vs prior Q)	36 (-3 vs prior Q)	+3.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
Rubric Capital Management LP	$34,103,013	4,143,744	8.42%	Shares
BlackRock, Inc.	$33,249,635	4,040,053	8.21%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$25,450,584	3,092,416	6.28%	Shares
VANGUARD GROUP INC	$25,122,218	4,287,068	6.20%	Shares
NEUBERGER BERMAN GROUP LLC	$23,580,571	2,864,605	5.82%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$20,441,559	2,483,786	5.05%	Shares
Clearline Capital LP	$20,370,361	2,475,135	5.03%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$16,836,490	2,045,746	4.16%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$16,755,342	2,035,886	4.14%	Shares
Caption Management, LLC	$16,636,945	2,021,500	4.11%	Put option
DIMENSIONAL FUND ADVISORS LP	$10,448,801	1,269,590	2.58%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$9,938,940	1,207,370	2.45%	Shares
Caption Management, LLC	$9,140,361	1,110,615	2.26%	Shares
D. E. Shaw & Co., Inc.	$8,873,405	1,078,178	2.19%	Shares
STATE STREET CORP	$8,283,108	1,006,453	2.04%	Shares
TSP Capital Management Group, LLC	$7,234,797	879,076	1.79%	Shares
JACOBS LEVY EQUITY MANAGEMENT, INC	$5,786,628	703,114	1.43%	Shares
FMR LLC	$5,664,395	688,262	1.40%	Shares
Potomac Capital Management, Inc.	$5,137,989	624,300	1.27%	Shares
Waterfront Wealth Inc.	$4,842,490	621,629	1.20%	Shares
Connor, Clark & Lunn Investment Management Ltd.	$4,703,725	571,534	1.16%	Shares
GOLDMAN SACHS GROUP INC	$4,518,114	548,981	1.12%	Shares
IMMERSION CORP	$4,465,976	542,646	1.10%	Shares
RENAISSANCE TECHNOLOGIES LLC	$4,197,160	509,983	1.04%	Shares
AMERICAN CENTURY COMPANIES INC	$4,180,437	507,951	1.03%	Shares
JPMORGAN CHASE & CO	$4,077,695	494,266	1.01%	Shares
MORGAN STANLEY	$3,849,290	467,713	0.95%	Shares
AQR CAPITAL MANAGEMENT LLC	$3,726,939	452,848	0.92%	Shares
ALGERT GLOBAL LLC	$3,610,238	438,668	0.89%	Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$3,436,971	417,615	0.85%	Shares
NORTHERN TRUST CORP	$3,297,250	400,638	0.81%	Shares
Assenagon Asset Management S.A.	$3,220,769	391,345	0.79%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$3,200,968	388,939	0.79%	Shares
BANK OF AMERICA CORP /DE/	$2,778,967	337,663	0.69%	Shares
VANGUARD FIDUCIARY TRUST CO	$2,616,070	317,870	0.65%	Shares
MILLENNIUM MANAGEMENT LLC	$2,532,741	307,745	0.63%	Shares
Vanguard Global Advisers, LLC	$1,893,295	230,048	0.47%	Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$1,820,674	221,224	0.45%	Shares
Bank of New York Mellon Corp	$1,707,875	207,518	0.42%	Shares
JANE STREET GROUP, LLC	$1,546,565	187,918	0.38%	Shares
LAZARD ASSET MANAGEMENT LLC	$1,502,082	182,513	0.37%	Shares
MARSHALL WACE, LLP	$1,316,685	159,986	0.32%	Shares
JANE STREET GROUP, LLC	$1,145,616	139,200	0.28%	Put option
Nuveen, LLC	$1,119,100	135,978	0.28%	Shares
Russell Investments Group, Ltd.	$1,076,647	130,758	0.27%	Shares
AMERIPRISE FINANCIAL INC	$1,062,781	129,135	0.26%	Shares
WOLVERINE TRADING, LLC	$1,038,016	156,800	0.26%	Put option
CITADEL ADVISORS LLC	$944,804	114,800	0.23%	Put option
WOLVERINE TRADING, LLC	$911,091	137,627	0.22%	Shares
Quantinno Capital Management LP	$893,885	108,613	0.22%	Shares

Show all 169 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Rubric Capital Management LP, David Rosen ×5 filings	June 11, 2024	·	Initial filing	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 11 insiders · 5 officers · 6 directors

19

Insider	Role	Last activity	Shares owned	Net 12m
Jon Kirchner	CEO & President	March 2, 2026 A	822,730	$0
Robert J Andersen	Chief Financial Officer	March 2, 2026 A	386,461	$0
Matthew Milne	Chief Revenue Officer and President of TiVo Ads	March 2, 2026 A	403,463	$0
Rebecca Marquez	CLO and Secretary	March 2, 2026 A	226,034	$0
Geir Skaaden	Chief Prod. & Servs Off.	March 2, 2026 A	401,307	$0
Roderick K. Randall	Director	April 17, 2026 A	78,018	$0
Jeremi Gorman	Director	April 17, 2026 A	78,018	$0
Darcy Antonellis	Director	April 17, 2026 A	125,606	$0
Laura Durr	Director	April 17, 2026 A	111,561	$0
Christopher A Seams	Director	April 17, 2026 A	130,269	$0
David C Habiger	·	April 17, 2026 A	129,115	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 25 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
VFVA · VANGUARD WELLINGTON FUND	0.18%	185,886 SH	Aug. 19, 2026	Daily
IWC · iShares Trust	0.06%	155,451 SH	Sept. 11, 2026	Daily
VFQY · VANGUARD WELLINGTON FUND	0.04%	24,444 SH	Aug. 19, 2026	Daily
VFMF · VANGUARD WELLINGTON FUND	0.04%	31,309 SH	Aug. 19, 2026	Daily
DFSV · Dimensional ETF Trust	0.03%	269,301 NS	July 31, 2026	N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS	0.02%	40,048 SH	Aug. 19, 2026	Daily
RSSL · Global X Funds	0.01%	21,878 NS	July 31, 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0.01%	51,773 SH	Oct. 2, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.01%	264,171 SH	Aug. 19, 2026	Daily
VGT · VANGUARD WORLD FUND	0.01%	1,073,748 SH	Aug. 19, 2026	Daily
IWM · iShares Trust	0.01%	1,222,701 SH	Sept. 11, 2026	Daily
DFAS · Dimensional ETF Trust	0.01%	145,474 NS	July 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.00%	7,000 NS	July 31, 2026	N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr…	0.00%	764 NS	July 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.00%	53,632 NS	July 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.00%	4,000 NS	July 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.00%	10,690 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.00%	12,753 SH	Sept. 3, 2026	Daily
ITOT · iShares Trust	0.00%	56,713 SH	Sept. 11, 2026	Daily
DFUS · Dimensional ETF Trust	0.00%	7,690 NS	July 31, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.00%	231 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.00%	558,573 SH	Aug. 19, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	1,438,219 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	3,264 SH	Aug. 19, 2026	Daily
IWN · iShares Trust	·	446,048 SH	Sept. 11, 2026	Daily

XPER Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 11 analysts BUY

Median target $12.00 +121.0%

2 18.2% Strong Buy

8 72.7% Buy

1 9.1% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

5 analysts · 2026-09-29

Mean target $11.40 +109.9%

← Below all targets Current price $5.43

Low$10.00 Mean$11.40 High$13.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
XPER	$275M	-4.8	-9.2%	-12.6%	-13.5%	·
AIP	$686M	-18.9	22.3%	-49.2%	313.6%	90.2%
RPD	·	42.2	1.9%	·	·	·
NABL	·	-74.8	9.3%	-3.7%	·	76.9%
OSPN	$480M	6.8	0.00%	30.0%	28.3%	73.8%
TLS	$371M	-10.2	52.2%	-22.2%	-34.1%	37.0%
SVCO	$125M	-2.9	5.7%	-65.3%	-53.3%	78.3%
DUOT	$230M	-17.6	271.2%	-36.4%	-36.9%	29.1%
AISP	·	·	·	·	·	·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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XPER Xperi Inc. Common Stock