PXLW · Pixelworks, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $693.0K | $43.21M | $59.68M | $70.15M | $55.10M | $40.85M |
| Cost of Revenue | $104.0K | $20.92M | $33.97M | $34.27M | $27.41M | $20.67M |
| Gross Profit | $589.0K | $22.29M | $25.71M | $35.88M | $27.69M | $20.18M |
| R&D | $3.69M | $31.34M | $30.88M | $30.52M | $27.25M | $25.04M |
| SG&A | $8.45M | $20.70M | $23.47M | $22.18M | $20.45M | $19.84M |
| Total Operating Expenses | $12.14M | $53.64M | $54.34M | $52.70M | $47.70M | $46.92M |
| D&A | $2.60M | $3.78M | $4.29M | $4.66M | $3.65M | $3.74M |
| Operating Income | ($11.56M) | ($31.36M) | ($28.64M) | ($16.82M) | ($20.00M) | ($26.74M) |
| Interest Expense | - | $69.0K | $25.0K | $50.0K | $0 | $239.0K |
| Income Tax | ($184.0K) | $478.0K | $357.0K | ($884.0K) | ($133.0K) | $598.0K |
| Net Income | ($22.50M) | ($28.72M) | ($26.18M) | ($16.03M) | ($19.82M) | ($26.53M) |
| EPS - Basic | ($4.08) | ($5.88) | ($5.64) | ($3.60) | ($7.80) | - |
| EPS - Diluted | ($4.08) | ($5.88) | ($5.64) | ($3.60) | ($7.80) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.24M | $23.65M | $47.54M | $56.82M | $61.59M | $31.26M |
| Accounts Receivable | - | $5.80M | $10.07M | $10.05M | $8.71M | $4.67M |
| Inventory | - | $4.21M | $3.97M | $1.76M | $1.47M | $2.44M |
| Accounts Payable | $0 | $1.40M | $2.42M | $3.14M | $2.75M | $995.0K |
| Current Assets | $50.23M | $34.85M | $64.72M | $72.37M | $74.50M | $39.63M |
| Total Assets | $51.26M | $64.07M | $95.97M | $102.32M | $106.60M | $72.04M |
| Current Liabilities | $20.02M | $8.35M | $12.30M | $12.51M | $16.44M | $10.59M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $20.86M | $24.19M | $30.96M | $30.07M | $35.47M | $19.17M |
| Stockholders' Equity | ($21.09M) | ($10.57M) | $12.54M | $32.42M | $40.22M | $52.87M |
| Retained Earnings | ($528.38M) | ($505.88M) | ($477.16M) | ($450.99M) | ($434.95M) | ($415.13M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($20.61M) | ($19.81M) | ($18.81M) | ($12.83M) | ($9.16M) | ($3.71M) |
| Investing Cash Flow | $3.31M | ($3.12M) | ($3.99M) | ($3.01M) | ($3.23M) | $3.94M |
| Financing Cash Flow | $11.72M | ($971.0K) | $13.53M | $11.07M | $42.71M | $23.77M |
| CapEx | $448.0K | $3.76M | $3.83M | $1.59M | $3.48M | $2.64M |
| Free Cash Flow | ($21.05M) | ($23.57M) | ($22.65M) | ($14.43M) | ($12.63M) | ($6.35M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 85.0% | 51.6% | 43.1% | 51.2% | 50.3% | 49.4% |
| Operating margin | -1667.5% | -72.6% | -48.0% | -24.0% | -36.3% | -65.4% |
| EBITDA margin | -1292.9% | -63.8% | -40.8% | -17.3% | -29.7% | -56.3% |
| Net margin | -3246.6% | -66.5% | -43.9% | -22.9% | -36.0% | -64.9% |
| Free cash flow margin | -3038.1% | -54.5% | -37.9% | -20.6% | -22.9% | -15.5% |
| FCF / Net income | 0.94 | 0.82 | 0.87 | 0.90 | 0.64 | 0.24 |
| R&D / Revenue | 533.2% | 72.5% | 51.7% | 43.5% | 49.5% | 61.3% |
| SG&A / Revenue | 1219.3% | 47.9% | 39.3% | 31.6% | 37.1% | 48.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -43.9% | -44.8% | -27.3% | -15.7% | -18.6% | -36.8% |
| Return on equity | 106.7% | 271.8% | -208.7% | -49.4% | -49.3% | -50.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.51 | 4.18 | 5.26 | 5.78 | 4.53 | 3.74 |
| Quick ratio | 2.51 | 3.67 | 4.94 | 5.64 | 4.44 | 3.51 |
| Cash ratio | 0.56 | 2.83 | 3.87 | 4.54 | 3.75 | 2.95 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | -454.4x | -1145.4x | -336.3x | - | -111.9x |
| Equity multiplier | -2.43 | -6.06 | 7.65 | 3.16 | 2.65 | 1.36 |
| Liabilities / Assets | 0.41 | 0.38 | 0.32 | 0.29 | 0.33 | 0.27 |
| Efficiency | ||||||
| Asset turnover | 0.01 | 0.67 | 0.62 | 0.69 | 0.52 | 0.57 |
| Inventory turnover | - | 4.97 | 8.56 | 19.47 | 18.66 | 8.45 |
| Days sales outstanding | - | 49d | 62d | 52d | 58d | 42d |
| Days inventory outstanding | - | 73d | 43d | 19d | 20d | 43d |
| Days payable outstanding | 0d | 24d | 26d | 33d | 37d | 18d |
| Cash conversion cycle | - | 98d | 78d | 38d | 41d | 67d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | 70.4x | 35.6x | 53.4x | - |
| P / S | 50.6x | 11.8x | 14.8x | 16.5x | 39.0x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -98.4% | -27.6% | -14.9% | 27.3% | 34.9% | -49.3% |
| Revenue CAGR (3y) | -78.5% | -7.8% | 13.5% | -4.5% | -10.4% | -20.3% |
| Revenue CAGR (5y) | -55.8% | -11.7% | -4.9% | -2.7% | 0.6% | -7.2% |
| Gross profit growth (YoY) | -97.4% | -13.3% | -28.3% | 29.6% | 37.2% | -41.5% |
| Operating income growth (YoY) | 63.1% | -9.5% | -70.3% | 15.9% | 25.2% | -103.7% |
| Net income growth (YoY) | 21.7% | -9.7% | -63.3% | 19.1% | 25.3% | -192.3% |
| EPS growth (YoY) | 30.6% | -4.3% | -56.7% | 53.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 10.7% | -4.1% | -57.0% | -14.2% | -99.0% | 51.2% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -99.6% | - | -61.3% | -19.4% | -23.9% | 11.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$43.21M totalIntegrated Circuits$42.29M · 97.9%
Engineering Services And Other$915.0K · 2.1%
Geographic
$43.21M totalJP$25.82M · 59.8%
CN$15.94M · 36.9%
TW$729.0K · 1.7%
US$719.0K · 1.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-9.42
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing PIXELWORKS against the 5 most active filers in the same SIC group.