PRSO Nasdaq Semiconductors & Related Devices Financials FY2016βFY2025
Peraso Inc. had $12.2M of revenue in fiscal 2025, down 16.3% on the year before. Over five years, revenue changed +6.0% a year on average.
Last close Β· Oct 23, 2026
$0.38
4.4%Hi! I read Peraso Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β16.3%
No. Sales fell 16.3% last year.
Does it make a profit?
β39.0%
No. It lost money last year.
Does profit turn into cash?
β46.9%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Peraso Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 9, 2026
Monday Β· in 14 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 11, 2026 | Q2 '26 | After the market closes | 8-K β |
| Apr 10, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 16, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 10, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 11, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 12, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 19, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 12, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Peraso Inc. had $12.2M of revenue in fiscal 2025, down 16.3% on the year before. Over five years, revenue changed +6.0% a year on average. Its operating margin was β39.0%, up 46.3Β pts: of every 100 in sales, about β39 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Peraso Inc. lost $4.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$5.7M in fiscal 2025, β46.9% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Peraso Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $15.2M | $2.9M | $1.6M | $3.3M | $2.9M |
| Interest coverage | β5.4x | β2,019.5x | β982.1x | β1,243.5x | β4,760.0x |
| Current ratio | 4.2x | 2.7x | 1.2x | 1.8x | 4.1x |
| Quick ratio | 3.5x | 1.6x | 0.6x | 1.2x | 3.3x |
| Total assets | $48.0M | $22.5M | $10.7M | $7.2M | $6.1M |
| Total liabilities | $5.9M | $7.2M | $6.6M | $3.7M | $1.4M |
| Shareholders' equity | $42.1M | $15.3M | $4.1M | $3.5M | $4.6M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Peraso Inc. passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 5 / 8 | 2 / 8 | 1 / 8 | 2 / 8 | 3 / 8 | 2 / 8 | 5 / 8 | 3 / 8 |
| Accruals ratio | β52.0% | β12.3% | β67.3% | β18.2% | 0.1% | 3.8% | β46.5% | β72.9% | β68.6% | 12.9% |
| Altman Z'' | β29.95 | β33.50 | β65.00 | β105.51 | β37.69 | β0.24 | β26.79 | β62.30 | β88.21 | β94.95 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $6.0M | $8.8M | $16.6M | $10.1M | $9.1M | $5.7M | $14.9M | $13.7M | $14.6M | $12.2M |
| Gross profit | $2.9M | $4.1M | $10.3M | $6.2M | $7.3M | $2.4M | $6.0M | $1.9M | $7.5M | $7.1M |
| Research and development | $18.1M | $8.2M | $4.1M | $4.2M | $8.3M | $11.5M | $19.8M | $14.4M | $9.2M | $6.2M |
| Operating income | β$31.4M | β$10.0M | β$10.8M | β$2.5M | β$8.1M | β$16.1M | β$32.3M | β$20.6M | β$12.4M | β$4.8M |
| Interest expense | $0.7M | $0.9M | $0.6M | $0.2M | $2.1M | $3.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Pretax income | β$32.0M | β$10.9M | β$11.4M | β$2.6M | β | β | β | β | β | β |
| Income tax | $0.0M | β$0.2M | $0.0M | $0.0M | β | β | β | β | β | β |
| Net income | β$32.0M | β$10.7M | β$11.4M | β$2.6M | β$10.2M | β$10.9M | β$32.4M | β$16.8M | β$10.7M | β$4.8M |
| Net income to common | β$32.0M | β$10.7M | β$11.4M | β$2.6M | β$15.3M | β$10.9M | β | β | β | β |
| Diluted EPS | β$4.86 | β$29.07 | β$14.82 | β$1.19 | β$3.60 | β$1.86 | β$64.41 | β$26.00 | β$3.57 | β$0.67 |
| Diluted shares | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$17.9M | β$7.6M | $0.3M | β$0.7M | β$10.2M | β$12.0M | β$16.0M | β$4.7M | β$4.6M | β$5.6M |
| Capital expenditure | $0.6M | $0.3M | $0.1M | $0.1M | $0.0M | $0.1M | $1.0M | $0.1M | β | $0.1M |
| Free cash flow | β$18.6M | β$7.9M | $0.3M | β$0.8M | β$10.3M | β$12.1M | β$17.0M | β$4.8M | β | β$5.7M |
| Depreciation and amortization | $1.0M | $0.7M | $0.6M | $0.2M | $1.4M | $0.9M | $0.6M | $3.8M | $3.9M | $0.3M |
| Stock-based compensation | $2.2M | $0.7M | $0.7M | $0.3M | $1.7M | $4.5M | $5.7M | $5.2M | $3.6M | $0.5M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $9.8M | $3.9M | $7.1M | $6.4M | $1.7M | $15.2M | $2.9M | $1.6M | $3.3M | $2.9M |
| Total debt | β | $9.2M | β | β | $0.6M | β | β | β | β | β |
| Finance lease liabilities | β | β | β | β | β | β | β | $0.2M | $0.1M | β |
| Current assets | $12.3M | $8.7M | $10.8M | $9.0M | $6.6M | $23.7M | $12.7M | $5.5M | $6.3M | $5.5M |
| Current liabilities | $3.3M | $6.6M | $1.9M | $1.7M | $2.3M | $5.6M | $4.7M | $4.5M | $3.5M | $1.3M |
| Inventory | $1.5M | $1.8M | $1.1M | $1.0M | $1.3M | $3.8M | $5.3M | $2.6M | $2.1M | $1.2M |
| Property and equipment, net | $1.3M | $0.8M | $0.3M | $0.2M | $2.6M | $2.3M | $2.2M | $1.2M | $0.5M | $0.4M |
| Goodwill | $13.3M | $13.3M | $0.4M | β | β | $9.9M | $0.0M | β | β | β |
| Intangible assets | $0.2M | $0.1M | β | β | β | $8.4M | $6.3M | $3.3M | $0.0M | $0.0M |
| Total assets | $27.1M | $23.1M | $11.8M | $9.4M | $10.0M | $48.0M | $22.5M | $10.7M | $7.2M | $6.1M |
| Total liabilities | $11.8M | $15.8M | $4.6M | $4.6M | $13.9M | $5.9M | $7.2M | $6.6M | $3.7M | $1.4M |
| Shareholders' equity | $15.3M | $7.3M | $7.2M | β$114M | β$3.9M | $42.1M | $15.3M | $4.1M | $3.5M | $4.6M |
| Margins | ||||||||||
| Gross margin | 49.0% | 46.9% | 61.8% | 61.0% | 80.8% | 42.4% | 40.0% | 13.6% | 51.7% | 58.0% |
| Operating margin | β520.7% | β113.5% | β65.2% | β24.4% | β89.6% | β283.1% | β217.3% | β150.0% | β85.3% | β39.0% |
| EBITDA margin | β504.1% | β105.0% | β61.6% | β22.6% | β73.8% | β267.0% | β213.2% | β122.3% | β58.5% | β36.9% |
| Net margin | β532.0% | β120.7% | β68.7% | β25.6% | β112.5% | β192.1% | β217.9% | β122.2% | β73.6% | β39.0% |
| FCF margin | β308.6% | β89.1% | 1.7% | β7.5% | β113.0% | β212.8% | β114.4% | β34.8% | β | β46.9% |
| Returns | ||||||||||
| Return on capital | β | β62.6% | β | β | β | β | β | β | β | β |
| Return on capital employed | β131.7% | β60.7% | β110.0% | β32.0% | β106.6% | β38.0% | β181.5% | β333.7% | β335.8% | β100.1% |
| Return on equity | β209.1% | β94.1% | β157.3% | β | β | β57.2% | β113.0% | β173.7% | β284.2% | β117.3% |
| Return on assets | β118.1% | β42.4% | β65.4% | β24.4% | β105.5% | β37.7% | β92.0% | β101.2% | β119.7% | β71.6% |
| Return on tangible equity | β1,752.2% | β | β169.3% | β | β | β45.9% | β360.8% | β2,091.5% | β310.7% | β102.7% |
| Growth | ||||||||||
| Revenue growth | β | 46.8% | 87.7% | β39.2% | β9.9% | β37.5% | 161.8% | β7.5% | 6.0% | β16.3% |
| FCF growth | β | β | β | β364.6% | β | β | β | β | β | β |
| Share count change | β | β94.4% | 109.8% | 181.2% | 95.9% | 38.4% | β91.4% | 28.4% | 364.7% | 135.3% |
| Financial health | ||||||||||
| Debt / equity | β | 1.3x | β | β | β | β | β | β | β | β |
| Interest coverage | β45.7x | β10.8x | β18.6x | β11.2x | β3.9x | β5.4x | β2,019.5x | β982.1x | β1,243.5x | β4,760.0x |
| Current ratio | 3.7x | 1.3x | 5.6x | 5.3x | 2.8x | 4.2x | 2.7x | 1.2x | 1.8x | 4.1x |
| Quick ratio | 3.2x | 1.0x | 5.0x | 4.7x | 2.3x | 3.5x | 1.6x | 0.6x | 1.2x | 3.3x |
| Capital allocation | ||||||||||
| Capex / revenue | 10.7% | 3.4% | 0.3% | 1.0% | 0.4% | 1.3% | 6.6% | 0.7% | β | 0.9% |
| Stock comp / revenue | 35.8% | 8.1% | 4.1% | 2.6% | 18.8% | 79.0% | 38.5% | 37.9% | 24.6% | 4.3% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 5.0 | 2.0 | 1.0 | 2.0 | 3.0 | 2.0 | 5.0 | 3.0 |
| Altman Z'' | β30.0 | β33.5 | β65.0 | β105.5 | β37.7 | β0.2 | β26.8 | β62.3 | β88.2 | β94.9 |
| Accruals ratio | β52.0% | β12.3% | β67.3% | β18.2% | 0.1% | 3.8% | β46.5% | β72.9% | β68.6% | 12.9% |
Source: SEC EDGAR XBRL filings (CIK 0000890394). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
