v3.26.1
Segment Related Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Related Information

NOTE 15 - SEGMENT RELATED INFORMATION

Xperi is a leading media and entertainment technology company and operates as a single reportable segment. The Company’s Chief Executive Officer has been determined to be the chief operating decision maker (“CODM”) in accordance with the authoritative guidance on segment reporting. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on net income (loss) that also is reported on the statements of operations as consolidated net income (loss). The measure of segment assets is reported on the balance sheet as total consolidated assets.

The following table presents information about reported segment revenue, significant segment expenses, and segment net loss for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Licensing and other revenue

 

$

99,510

 

 

$

96,207

 

 

$

206,357

 

 

$

204,229

 

Advertising and related revenue

 

 

14,982

 

 

 

9,726

 

 

 

22,341

 

 

 

15,737

 

Total revenue

 

 

114,492

 

 

 

105,933

 

 

 

228,698

 

 

 

219,966

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of licensing and other revenue, excluding depreciation and amortization of intangible assets (1)

 

 

19,829

 

 

 

22,128

 

 

 

41,996

 

 

 

47,067

 

Cost of advertising and related revenue, excluding depreciation and amortization of intangible assets (1)

 

 

16,241

 

 

 

11,421

 

 

 

24,954

 

 

 

16,081

 

Research and development (1)

 

 

21,806

 

 

 

29,783

 

 

 

48,889

 

 

 

69,332

 

Selling, general and administrative (1)

 

 

41,463

 

 

 

41,142

 

 

 

83,250

 

 

 

89,840

 

Depreciation expense

 

 

3,951

 

 

 

3,448

 

 

 

8,212

 

 

 

6,353

 

Amortization expense

 

 

8,092

 

 

 

9,144

 

 

 

16,136

 

 

 

18,866

 

Impairment of long-lived assets

 

 

197

 

 

 

—

 

 

 

197

 

 

 

—

 

Interest and other income, net

 

 

(1,097

)

 

 

(1,747

)

 

 

(1,916

)

 

 

(4,042

)

Interest expense—debt

 

 

684

 

 

 

759

 

 

 

1,362

 

 

 

1,491

 

Provision for income taxes

 

 

4,826

 

 

 

4,636

 

 

 

14,944

 

 

 

8,125

 

Consolidated net loss

 

$

(1,500

)

 

$

(14,781

)

 

$

(9,326

)

 

$

(33,147

)

 

(1)
Includes total salaries, bonuses, and employee benefits of $48.7 million and $53.5 million for the three months ended June 30, 2026 and 2025, respectively; and $104.1 million and $122.0 million for the six months ended June 30, 2026 and 2025, respectively.