Xperi Inc. reported a revenue of $448.1 million for the fiscal year ended December 31, 2025, a decrease of 9% from $493.7 million in 2024. The decline was primarily attributed to a $54 million drop in Pay-TV revenue, which was impacted by lower sales from core guide products and a reduction in consumer hardware revenue as certain products reached the end of their lifecycle. This decrease was partially offset by a $13.2 million increase in Connected Car revenue, mainly due to higher minimum guarantee and licensing revenue related to HD Radio. The company also noted that the divestitures of its AutoSense and Perceive businesses contributed to the overall revenue decline.
Operating expenses for Xperi decreased by 15% to $491.8 million in 2025, down from $580.8 million in the previous year. The reduction was driven by a significant decrease in research and development costs, which fell by 29% to $135.1 million, reflecting a reduction in headcount and lower expenses associated with the divested businesses. Selling, general, and administrative expenses also decreased by 17% to $181.9 million, primarily due to reduced employee costs and lower stock-based compensation expenses. The company reported a net loss of $56.3 million for 2025, compared to a net loss of $0.9 million in 2024.
In November 2025, Xperi initiated a restructuring plan aimed at improving cost efficiency, which involved a reduction of approximately 250 employees. The restructuring is expected to generate annualized savings of $30 million to $35 million. The company incurred $13.9 million in restructuring charges, primarily related to severance costs. Xperi's total employee count stood at approximately 1,460 as of December 31, 2025.
Xperi's cash and cash equivalents decreased to $96.8 million at the end of 2025, down from $130.6 million in 2024. The decrease was attributed to cash used in operations, repayment of debt, and capital expenditures. The company has a stock repurchase program authorized for up to $100 million, of which $20 million has been utilized to repurchase shares. As of December 31, 2025, $80 million remains available for repurchase.
Looking ahead, Xperi anticipates continued challenges due to macroeconomic conditions, including inflation and reduced consumer spending. The company is focused on enhancing its media platform and licensing businesses while navigating the evolving landscape of digital content delivery and advertising. Xperi's management remains committed to monitoring market conditions and adapting strategies to sustain growth and profitability.
About Xperi Inc.
Xperi Inc. is a technology company specializing in entertainment and consumer electronics. It develops audio, video, and media platform solutions for pay-TV, smart TVs, connected cars, and mobile devices. Its core offerings include immersive audio, personalized content discovery, and media metadata. Serving global markets, the company focuses on enhancing user experiences, enabling monetization, and maintaining a competitive edge through innovation, licensing, and strategic partnerships.
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