Pixelworks, Inc
PXLW Nasdaq Services-Prepackaged Software Financials FY2016โFY2025
Last close ยท Oct 23, 2026
$5.40
1.5%What Pixelworks, Inc does
No business description yet.
- Legal name
- PIXELWORKS, INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 12, 2026
- Accession ยท CIK
- 0001040161-26-000019
0001040161
Revenue and margins
Pixelworks, Inc had $0.7M of revenue in fiscal 2025, up 0.4% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$21.1M in fiscal 2025, โ3,038.1% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Pixelworks, Inc returned โ to shareholders in fiscal 2025. The diluted share count rose 13.3%.
Balance sheet
Cash, debt and the ratios that show how comfortably Pixelworks, Inc can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $61.6M | $56.8M | $47.5M | $5.5M | $11.2M |
| Interest coverage | โ | โ336.3x | โ1,145.4x | โ187.9x | โ |
| Current ratio | 4.5x | 5.8x | 5.3x | 4.2x | 2.5x |
| Quick ratio | 4.4x | 5.6x | 4.9x | 3.7x | 2.5x |
| Total assets | $107M | $102M | $96.0M | $64.1M | $51.3M |
| Total liabilities | $35.5M | $30.1M | $31.0M | $24.2M | $20.9M |
| Shareholders' equity | $40.2M | $32.4M | $12.5M | โ$10.6M | โ$21.1M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 4 / 9 | 4 / 9 | 1 / 8 | 2 / 8 | 4 / 8 | 5 / 8 | 1 / 8 | 3 / 8 | 4 / 8 |
| Accruals ratio | โ31.0% | โ32.0% | โ7.3% | 2.0% | โ33.4% | โ11.9% | โ3.1% | โ7.4% | โ11.1% | โ3.3% |
| Altman Z'' | โ36.40 | โ15.15 | โ13.89 | โ15.75 | โ15.74 | โ9.80 | โ10.50 | โ14.20 | โ24.83 | โ32.31 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $53.4M | $80.6M | $76.6M | $68.8M | $40.9M | $55.1M | $70.1M | $59.7M | $0.7M | $0.7M |
| Gross profit | $25.1M | $41.8M | $39.5M | $34.5M | $20.2M | $27.7M | $35.9M | $25.7M | $0.6M | $0.6M |
| Research and development | $19.0M | $21.4M | $22.9M | $26.0M | $25.0M | $27.3M | $30.5M | $30.9M | $4.4M | $3.7M |
| Operating income | โ$10.3M | โ$2.0M | โ$4.8M | โ$13.1M | โ$26.7M | โ$20.0M | โ$16.8M | โ$28.6M | โ$13.0M | โ$11.6M |
| Interest expense | $0.4M | $0.5M | $0.4M | $0.2M | $0.2M | $0.0M | $0.1M | $0.0M | $0.1M | โ |
| Pretax income | โ$10.8M | โ$3.1M | โ$3.5M | โ$8.6M | โ$25.9M | โ$19.5M | โ$16.1M | โ$26.6M | โ$12.6M | โ$8.4M |
| Income tax | $0.4M | $0.5M | $0.4M | $0.5M | $0.6M | โ$0.1M | โ$0.9M | $0.4M | $0.0M | โ$0.2M |
| Net income | โ$11.1M | โ$3.6M | โ$3.9M | โ$9.1M | โ$26.5M | โ$19.8M | โ$16.0M | โ$26.2M | โ$28.7M | โ$22.5M |
| Net income to common | โ | โ | โ | โ | โ$26.5M | โ$20.0M | โ$16.1M | โ$26.2M | โ$28.7M | โ$22.5M |
| Diluted EPS | โ$0.39 | โ$0.11 | โ$0.11 | โ$0.24 | โ$0.65 | โ$0.38 | โ$0.30 | โ$0.47 | โ$5.90 | โ$4.08 |
| Diluted shares | 0.03B | 0.03B | 0.04B | 0.04B | 0.04B | 0.05B | 0.05B | 0.06B | 0.00B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | โ$1.5M | $12.2M | $1.0M | โ$10.4M | โ$3.7M | โ$9.2M | โ$12.8M | โ$18.8M | โ$19.8M | โ$20.6M |
| Capital expenditure | $2.1M | $2.5M | $2.1M | $2.6M | $2.6M | $3.5M | $1.6M | $3.8M | $3.8M | $0.4M |
| Free cash flow | โ$3.7M | $9.7M | โ$1.1M | โ$13.0M | โ$6.3M | โ$12.6M | โ$14.4M | โ$22.6M | โ$23.6M | โ$21.1M |
| Depreciation and amortization | $3.5M | $3.6M | $3.6M | $3.8M | $3.7M | $3.6M | $4.7M | $4.3M | $3.8M | $2.6M |
| Stock-based compensation | $2.7M | $4.2M | $5.7M | $6.6M | $7.9M | $6.1M | $5.2M | $4.8M | $4.0M | $2.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $19.6M | $27.5M | $24.0M | $14.2M | $31.5M | $61.6M | $56.8M | $47.5M | $5.5M | $11.2M |
| Total debt | $0.0M | $6.1M | $0.0M | โ | โ | โ | โ | โ | โ | โ |
| Current assets | $26.3M | $36.3M | $35.4M | $32.2M | $39.6M | $74.5M | $72.4M | $64.7M | $34.9M | $50.2M |
| Current liabilities | $9.7M | $18.3M | $12.6M | $9.7M | $10.6M | $16.4M | $12.5M | $12.3M | $8.3M | $20.0M |
| Inventory | $2.8M | $2.8M | $3.0M | $5.4M | $2.4M | $1.5M | $1.8M | $4.0M | $4.2M | โ |
| Property and equipment, net | $3.8M | $5.6M | $6.2M | $4.6M | $5.1M | $5.7M | $4.6M | $6.0M | $0.3M | $0.2M |
| Goodwill | $0.0M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | โ |
| Intangible assets | $0.0M | $5.9M | $4.2M | $2.7M | $1.2M | $0.1M | $0.0M | โ | โ | โ |
| Total assets | $30.9M | $67.5M | $65.3M | $64.7M | $72.0M | $107M | $102M | $96.0M | $64.1M | $51.3M |
| Total liabilities | $11.8M | $28.1M | $16.0M | $17.1M | $19.2M | $35.5M | $30.1M | $31.0M | $24.2M | $20.9M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $22.3M | $43.3M | $49.4M | $47.5M | $52.9M | $40.2M | $32.4M | $12.5M | โ$10.6M | โ$21.1M |
| Margins | ||||||||||
| Gross margin | 47.0% | 51.8% | 51.6% | 50.2% | 49.4% | 50.3% | 51.2% | 43.1% | 81.3% | 85.0% |
| Operating margin | โ19.4% | โ2.5% | โ6.3% | โ19.1% | โ65.4% | โ36.3% | โ24.0% | โ48.0% | โ1,878.8% | โ1,667.5% |
| EBITDA margin | โ12.9% | 1.9% | โ1.7% | โ13.5% | โ56.3% | โ29.7% | โ17.3% | โ40.8% | โ1,331.2% | โ1,292.9% |
| Net margin | โ20.8% | โ4.4% | โ5.1% | โ13.2% | โ64.9% | โ36.0% | โ22.9% | โ43.9% | โ4,162.2% | โ3,246.6% |
| FCF margin | โ6.9% | 12.0% | โ1.5% | โ18.9% | โ15.5% | โ22.9% | โ20.6% | โ37.9% | โ3,415.5% | โ3,038.1% |
| Returns | ||||||||||
| Return on capital | โ305.8% | โ7.4% | โ15.0% | โ | โ | โ | โ | โ | โ | โ |
| Return on capital employed | โ49.0% | โ4.1% | โ9.1% | โ23.9% | โ43.5% | โ22.2% | โ18.7% | โ34.2% | โ23.3% | โ37.0% |
| Return on equity | โ49.8% | โ10.9% | โ8.4% | โ18.7% | โ52.8% | โ42.6% | โ44.1% | โ116.4% | โ2,911.2% | โ |
| Return on assets | โ36.0% | โ7.2% | โ5.9% | โ14.0% | โ38.8% | โ22.2% | โ15.3% | โ26.4% | โ35.9% | โ39.0% |
| Return on tangible equity | โ49.8% | โ18.7% | โ14.6% | โ34.4% | โ79.8% | โ92.2% | โ115.0% | โ | โ | โ |
| Growth | ||||||||||
| Revenue growth | โ | 51.0% | โ5.1% | โ10.2% | โ40.6% | 34.9% | 27.3% | โ14.9% | โ98.8% | 0.4% |
| FCF growth | โ | โ | โ111.7% | โ | โ | โ | โ | โ | โ | โ |
| Share count change | โ | 11.4% | 14.1% | 5.3% | 7.6% | 29.0% | 3.5% | 3.4% | โ91.3% | 13.3% |
| Financial health | ||||||||||
| Net debt / EBITDA | โ | โ13.9x | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt / equity | 0.0x | 0.1x | 0.0x | โ | โ | โ | โ | โ | โ | โ |
| Interest coverage | โ23.2x | โ4.5x | โ13.1x | โ83.1x | โ111.9x | โ | โ336.3x | โ1,145.4x | โ187.9x | โ |
| Current ratio | 2.7x | 2.0x | 2.8x | 3.3x | 3.7x | 4.5x | 5.8x | 5.3x | 4.2x | 2.5x |
| Quick ratio | 2.4x | 1.8x | 2.6x | 2.8x | 3.5x | 4.4x | 5.6x | 4.9x | 3.7x | 2.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.0% | 3.1% | 2.7% | 3.8% | 6.5% | 6.3% | 2.3% | 6.4% | 544.9% | 64.6% |
| Stock comp / revenue | 5.0% | 5.3% | 7.4% | 9.7% | 19.2% | 11.0% | 7.4% | 8.0% | 573.6% | 419.0% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 4.0 | 4.0 | 1.0 | 2.0 | 4.0 | 5.0 | 1.0 | 3.0 | 4.0 |
| Altman Z'' | โ36.4 | โ15.1 | โ13.9 | โ15.8 | โ15.7 | โ9.8 | โ10.5 | โ14.2 | โ24.8 | โ32.3 |
| Accruals ratio | โ31.0% | โ32.0% | โ7.3% | 2.0% | โ33.4% | โ11.9% | โ3.1% | โ7.4% | โ11.1% | โ3.3% |
Source: SEC EDGAR XBRL filings (CIK 0001040161). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
