PERF (PERF) financial statements
PERF reported revenue of $69M in fiscal 2025, up 18.3% a year over 5 years.
Net income was $5M and the operating margin -2.5%, against -9.5% in 2020.
Free cash flow was $13M.
The diluted share count rose 84% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PERF's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $30M | $41M | $47M | $54M | $60M | $69M |
| Cost of revenue | $4M | $6M | $7M | $10M | $13M | $16M |
| Gross profit | $26M | $35M | $40M | $43M | $47M | $54M |
| Research and development | $8M | $10M | $10M | $11M | $12M | $15M |
| Selling, general and admin | $3M | $5M | $76M | $12M | $9M | $7M |
| Operating income | -$3M | -$5M | -$71M | -$6M | -$3M | -$2M |
| Interest expense | $9,000 | $9,000 | $8,000 | $15,000 | $18,000 | $16,000 |
| Pre-tax income | -$5M | -$156M | -$161M | $6M | $4M | $6M |
| Income tax | $385,000 | $417,000 | $292,000 | $115,000 | -$735,000 | $1M |
| Net income | -$6M | -$157M | -$162M | $5M | $5M | $5M |
| EPS (diluted) | -$0.10 | -$2.96 | -$2.37 | $0.05 | $0.05 | $0.05 |
| Diluted shares | 55M | 53M | 68M | 118M | 102M | 102M |
| Gross margin | 86.7% | 85.9% | 84.9% | 80.6% | 78.0% | 77.4% |
| Operating margin | -9.5% | -12.4% | -150.3% | -10.6% | -5.2% | -2.5% |
| Net margin | -18.7% | -384.8% | -342.0% | 10.1% | 8.3% | 6.7% |
Balance sheet
Fiscal years, from PERF's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $79M | $80M | $163M | $124M | $127M | $126M |
| Receivables | — | $7M | $8M | $7M | $8M | $8M |
| Inventory | — | $88,000 | $45,000 | $33,000 | $18,000 | $17,000 |
| Total current assets | — | $87M | $209M | $169M | $178M | $173M |
| Property, plant and equipment | $452,000 | $407,000 | $289,000 | $380,000 | $554,000 | $695,000 |
| Goodwill | — | — | — | — | — | $3M |
| Total assets | — | $89M | $210M | $170M | $181M | $192M |
| Total current liabilities | — | $20M | $25M | $29M | $32M | $38M |
| Total liabilities | — | $279M | $28M | $31M | $34M | $39M |
| Shareholders' equity | -$36M | -$190M | $182M | $139M | $147M | $153M |
| Net debt | -$79M | -$80M | -$163M | -$124M | -$127M | -$126M |
Cash flow
Fiscal years, from PERF's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $2M | -$3M | $14M | $13M | $13M |
| Capital spending | $292,000 | $186,000 | $258,000 | $322,000 | $398,000 | $425,000 |
| Free cash flow | $2M | $1M | -$4M | $13M | $13M | $13M |
| Stock-based compensation | $336,000 | $2M | $2M | $3M | $3M | $1M |
| Share buybacks (net) | -$10M | $0 | $0 | -$51M | $0 | $0 |
| Free cash flow margin | 6.4% | 3.3% | -7.5% | 24.8% | 20.9% | 18.6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PERF.
Open PERF in InvestinglyQuestions
What was PERF's revenue in 2025?
$69M in fiscal 2025, from its 10-K filing.
How much free cash flow does PERF generate?
$13M in fiscal 2025 (operating cash flow minus capital spending).
From PERF's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.