One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Xperi Inc.
XPER · NYQ · Technology · Software - Application
Current price
$5.54
52-week range
$5.07 - $8.75
Market cap
$270.20M
Balance sheet
Healthy
-14.68x Concerning
Net cash $25.42M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 1.9% last year.
- Risk Return on equity was -7.8% last year — the company lost money on shareholders' equity.
What this company does
Xperi Inc.
Xperi develops the behind-the-scenes technology that powers entertainment in your home and car, such as the TiVo television guide and DTS audio systems. The company mainly earns money by licensing its software to TV manufacturers and car companies, which creates predictable recurring revenue (income that a company can reliably expect to receive at regular intervals). Xperi's success depends on getting its technology built into more smart TVs and vehicles, creating a large, connected ecosystem (a network of devices and services that all work together) that also earns money from advertising.
How the company got here
Xperi's story is one of combining different technology companies over time. It began as Tessera, a company focused on computer chip technology, in 1990. A major turning point was in 2016 when it acquired DTS, a well-known audio technology company, and rebranded itself as Xperi. In 2020, Xperi merged with TiVo, the company famous for digital video recorders (DVRs), which added a recognized consumer brand and expertise in helping people find and record TV shows. More recently, in 2022, the company split into two, with Xperi Inc. becoming a standalone company focused on creating and selling entertainment technology products. This move was followed by the acquisition of Vewd, a company that makes software for smart TVs, to strengthen its position in that market.
What it actually does
Xperi creates the hidden software and technology that powers the entertainment you enjoy in your car and at home. Think of them as the 'special ingredients' that other companies build into their products. For example, they provide the technology that makes the sound in your home theater immersive, the radio in your car digital and clear, and the on-screen guide for your TV or streaming service easy to use. Their well-known brands include DTS for audio, HD Radio for digital car radio, and TiVo for finding and recording shows.
Pay-TV
This is Xperi's largest business area, making up a significant portion of its revenue. This segment provides the on-screen guides and search functions that you use with a cable or satellite TV subscription. When you scroll through channels to see what's on, or search for a specific show, you're likely using technology that Xperi developed. Cable and satellite companies pay Xperi to use this technology in their set-top boxes to make it easier for their customers to find content. This also includes the software for streaming services delivered over the internet by these providers.
Connected Car
This is another major part of Xperi's business, representing a substantial portion of its income. This division focuses on the technology inside your car's dashboard entertainment system. They are the creators of HD Radio, which provides clear, digital radio signals for AM and FM stations, and DTS AutoStage, a platform that combines broadcast radio, streaming music, and other content into a single, easy-to-use interface. Automakers pay Xperi to include these technologies in their new vehicles to offer a better in-car entertainment experience to their customers.
Consumer Electronics
This segment provides the audio technology that makes movies, music, and video games sound more realistic and immersive at home. Their most well-known brand here is DTS, which offers various audio solutions that you'll find in products like TVs, soundbars, and home theater systems. Companies that make these electronics pay Xperi to use their DTS audio technology, which helps them sell more products by offering a premium sound experience. This part of the business contributes a smaller, but still important, portion of Xperi's overall revenue.
Media Platform
This is a newer and growing part of Xperi's business. The main product here is the TiVo Operating System (TiVo OS), which is the 'brain' inside a smart TV that organizes all your streaming apps and live TV channels in one place. Instead of TV manufacturers like Samsung or LG building their own smart TV software from scratch, they can use TiVo OS. Xperi makes money from this in a few ways: by charging the TV manufacturers, and by selling advertising that appears within the TiVo OS interface. This is a key area of focus for the company's future growth.
What management is betting on now
Xperi's leadership is focused on expanding its presence in two key areas: smart TVs and connected cars. They are heavily promoting their TiVo OS as an independent alternative to the operating systems made by tech giants like Google and Amazon, hoping to get more TV manufacturers to adopt it. In the car, they are pushing to get their DTS AutoStage platform into more vehicles, which combines radio, streaming, and other media into one system. The big idea is to create large networks of TVs and cars running their software, which they can then make money from through advertising and data. These newer platform-based businesses are seen as the path to future growth, while their more established audio and TV guide businesses provide steady cash flow.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-5.64M
FY2024 Q4
$-510.00K
FY2025 Q1
$-23.32M
FY2025 Q2
$9.55M
FY2025 Q3
$6.72M
FY2025 Q4
$1.16M
FY2026 Q1
$-19.12M
FY2026 Q2
$14.06M
Revenue
$114.49M
Net income
$-1.50M
Diluted EPS
-0.03
Operating cash flow
$14.56M
Free cash flow
$14.06M
Fetching…
Sources
Revenue
$114.21M
Net income
—
Diluted EPS
-0.17
Operating cash flow
$-18.02M
Free cash flow
$-19.12M
Fetching…
Sources
Revenue
$116.51M
Net income
$-17.09M
Diluted EPS
-0.37
Operating cash flow
$4.10M
Free cash flow
$1.16M
Fetching…
Sources
Revenue
$111.63M
Net income
$-6.11M
Diluted EPS
-0.13
Operating cash flow
$7.54M
Free cash flow
$6.72M
Fetching…
Sources
Revenue
$105.93M
Net income
$-14.78M
Diluted EPS
-0.32
Operating cash flow
$10.11M
Free cash flow
$9.55M
Fetching…
Sources
Revenue
$114.03M
Net income
$-18.37M
Diluted EPS
-0.41
Operating cash flow
$-22.26M
Free cash flow
$-23.32M
Fetching…
Sources
Revenue
$122.36M
Net income
$46.22M
Diluted EPS
1.02
Operating cash flow
$1.23M
Free cash flow
$-510.00K
Fetching…
Sources
Revenue
$132.89M
Net income
$-16.80M
Diluted EPS
-0.37
Operating cash flow
$-4.65M
Free cash flow
$-5.64M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $5.54
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $25.4M - more cash than debt. Interest coverage -14.7x.
Net debt
$-25.42M
Interest coverage
-14.68x
Xperi Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
XPER
BASELINE
Xperi Inc.
Total debt $65.17M Interest coverage -14.68x This is the baseline the peer rows are being compared against.
Total debt $17.42M Interest coverage -28.58x Neither company has much profit cushion over interest right now.
Total debt $47.45M Interest coverage 710.57x This peer still has a real interest-payment cushion, while XPER does not.
Total debt $102.04M Interest coverage 0.71x This peer still has a real interest-payment cushion, while XPER does not.
Total debt $450.00K Interest coverage -152.81x Neither company has much profit cushion over interest right now.
What you should know
The case for and against XPER
1 Reward
1 Risk
Rewards
-
Revenue grew 1.9% last year.
Risks
-
Return on equity was -7.8% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
4.13x
P/B
0.65x
P/S
0.59x
EV/EBITDA
5.97x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
72.0%
Operating margin
2.7%
Net margin
-7.1%
ROE
-7.8%
ROA
0.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.16x
Current ratio
2.48x
Quick ratio
2.25x
Total debt
$65.17M
Total cash
$90.59M
Growth
How the business has been compounding
Revenue TTM
$456.84M
Revenue 5Y CAGR
-2.0%
EPS TTM
-0.69
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$8.18M
Free CF TTM
$-5.90M
FCF margin
-1.3%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—