Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PIXELWORKS, INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
53.4
80.6
76.6
68.8
40.9
55.1
70.1
59.7
43.2
0.69
Cost of revenue
28.3
38.9
37.1
34.3
20.7
27.4
34.3
34
0.13
0.1
Gross profit
25.1
41.8
39.5
34.5
20.2
27.7
35.9
25.7
0.56
0.59
Research and development
19
21.4
22.9
26
25
27.3
30.5
30.9
4.44
3.7
Selling, general and administrative
13.8
20.5
20
21.2
19.8
20.4
22.2
23.5
8.91
8.45
Operating expenses
35.4
43.8
44.3
47.6
46.9
47.7
52.7
54.3
13.5
12.1
Operating income
-10.3
-2.03
-4.82
-13.1
-26.7
-20
-16.8
-28.6
-13
-11.6
Interest expense
0.45
0.46
0.37
0.16
0.24
0
0.05
0.03
0.07
Interest income
1.95
0.35
0.12
Other non-operating income
-0.41
-1.03
1.36
4.5
0.81
0.46
0.7
2.05
0.35
3.12
Pre-tax income
-10.8
-3.07
-3.47
-8.62
-25.9
-19.5
-16.1
-26.6
-12.6
-8.43
Income tax
0.36
0.49
0.45
0.45
0.6
-0.13
-0.88
0.36
0.04
-0.18
Net income to minority interests
0
0.41
0.8
-0.77
-0.82
-0.76
Net income
-11.1
-3.56
-3.91
-9.08
-26.5
-19.8
-16
-26.2
-28.7
-22.5
EBITDA
-6.88
1.54
-1.27
-9.29
-23
-16.4
-12.2
-24.3
-9.19
-8.96
EPS, basic
-2.35
-1.32
-1.32
-2.89
-7.83
-4.58
-3.61
-5.66
-5.90
-4.08
EPS, diluted
-2.35
-1.32
-1.32
-2.89
-7.83
-4.58
-3.61
-5.66
-5.90
-4.08
Shares, basic (weighted)
4.7
2.62
2.99
3.14
3.38
4.36
4.51
4.66
4.87
5.51
Shares, diluted (weighted)
4.7
2.62
2.99
3.14
3.38
4.36
4.51
4.66
4.87
5.51
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
19.6
27.5
17.9
7.26
31.3
61.6
56.8
47.5
5.48
11.2
Short-term investments
0
6.07
6.98
0.25
0
Receivables
3.12
4.64
6.98
10.9
4.67
8.71
10
10.1
5.8
Inventory
2.8
2.85
2.95
5.4
2.45
1.47
1.76
3.97
4.21
Other current assets
0.74
1.33
1.49
1.69
1.01
2.73
3.75
3.14
0.6
0.57
Total current assets
26.3
36.3
35.4
32.2
39.6
74.5
72.4
64.7
34.9
50.2
Property, plant and equipment
3.79
5.61
6.15
4.61
5.1
5.66
4.63
6
0.35
0.21
Lease right-of-use assets
0
5.43
6.61
4.79
3.33
4.73
1.25
0.7
Goodwill
0
18.4
18.4
18.4
18.4
18.4
18.4
18.4
18.4
Intangible assets
0
5.86
4.21
2.7
1.21
0.09
0
Other non-current assets
0.79
1.34
1.13
1.27
1.08
3.16
3.58
2.12
0.18
0.12
Total assets
30.9
67.5
65.3
64.7
72
107
102
96
64.1
51.3
Accounts payable
1.73
1.44
2.12
0.82
1
2.75
3.14
2.42
0.26
0
Accrued liabilities
7.86
16.4
10.3
8.69
9.45
13.6
8.85
9.69
2.01
1.97
Total current liabilities
9.73
18.3
12.6
9.67
10.6
16.4
12.5
12.3
8.35
20
Lease liabilities
0
4.21
5.09
2.85
2.15
2.57
0.78
0.3
Total liabilities
11.8
28.1
16
17.1
19.2
35.5
30.1
31
24.2
20.9
Total debt
0
6.07
0
Paid-in capital
394
419
429
436
468
476
481
486
491
504
Retained earnings
-375
-379
-380
-389
-415
-435
-451
-477
-506
-528
Treasury stock
0
Other comprehensive income
0.01
0.02
0.02
0.01
0.05
-0.47
2.18
3.38
4.69
2.88
Shareholders' equity
22.3
43.3
49.4
47.5
52.9
40.2
32.4
12.5
-10.6
-21.1
Minority interests
0
0
10.9
24.3
23.1
22.9
Total equity
22.3
43.3
49.4
47.5
52.9
40.2
43.3
36.8
12.5
1.81
Total liabilities and equity
30.9
67.5
65.3
64.7
72
107
102
96
64.1
51.3
Shares outstanding
4.8
2.88
3.07
3.19
4.24
4.43
4.58
4.74
4.98
6.34
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-11.1
-3.56
-3.91
-9.08
-26.5
-19.4
-15.2
-26.9
-29.5
-23.3
Depreciation and amortization
3.47
3.58
3.56
3.84
3.74
3.65
4.66
4.29
3.78
2.6
Stock-based compensation
2.66
4.24
5.68
6.65
7.85
6.08
5.2
4.8
3.96
2.9
Deferred income tax
0.02
0
-0.06
0.05
0.03
-0.77
0.43
0.3
0.02
0
Change in receivables
2.87
-0.55
-2.34
-3.93
6.24
-4.04
-1.34
-0.03
4.27
1.32
Change in inventory
0.18
1.38
-0.53
-2.46
2.96
0.98
-0.29
-2.21
-0.24
0.73
Change in payables
-1.21
-2.06
0.68
-1.3
0.17
1.28
0.49
-0.73
-1.02
-0.68
Cash from operations
-1.54
12.2
0.96
-10.4
-3.71
-9.16
-12.8
-18.8
-19.8
-20.6
Capital expenditures
-2.14
-2.48
-2.1
-2.63
-2.64
-3.48
-1.59
-3.83
-3.76
-0.45
Purchases of investments
-10.9
-1.5
0
Sales and maturities of investments
0
0
2.15
10.1
8.23
0.25
0
Cash from investing
-2.14
-0.58
-8.12
-0.05
3.94
-3.23
-3.01
-3.99
-3.12
3.31
Stock issued
0
0
0
12.7
0
0
7.88
Cash from financing
-3.29
-3.72
-2.41
-0.26
23.8
42.7
11.1
13.5
-0.97
11.7
Net change in cash
-6.97
7.9
-9.58
-10.7
24
30.3
-4.77
-9.28
-23.9
-5.58
Free cash flow
-3.68
9.72
-1.14
-13
-6.35
-12.6
-14.4
-22.6
-23.6
-21.1
Interest paid
0.14
0.42
0.5
0.14
0.22
0.16
0.2
0.16
0.1
0.13
Income taxes paid
0.44
0.16
0.66
0.55
0.4
0.38
0.19
0.32
0.23
0.55
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $6.93 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
134.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
128.9%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-98.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-78.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-55.8%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
5.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-74.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
-50.7%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-20.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-20.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-6.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
13.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
6.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
10.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
35.6x
Current assets / current liabilities.
Quick ratio
35.2x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
35.2x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$11.08
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
-$2.25
Revenue / diluted weighted shares.
FCF per share
-$2.54
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$2.48
Cash from operations / diluted weighted shares.
Book value per share
$8.26
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
0.60x
Market cap / net income. Only when net income is positive.
P/B
0.81x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.81x
Market cap / tangible book value, when positive.
FCF yield
-38.1%
Free cash flow / market cap.
Earnings yield
166.4%
Net income / market cap (the inverse of P/E).
What was PIXELWORKS, INC's revenue in fiscal 2025?
PIXELWORKS, INC reported revenue of $693.0K for fiscal 2025, 98.4% lower than the year before.
Was PIXELWORKS, INC profitable in fiscal 2025?
No. It reported a net loss of $22.5M.
How much free cash flow did PIXELWORKS, INC generate in fiscal 2025?
Cash from operations of $20.6M minus capital expenditures of $448.0K left free cash flow of -$21.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.