Logo

PRSO

Peraso Inc.

PRSO

Peraso Inc. • NASDAQ
$0.93 ▲ 2.20% (+0.02)
Market Cap $4.44 M
52w High $2.37
52w Low $0.52
Dividend Yield 0%
P/E -1.87
Volume 100.59K
Outstanding Shares 4.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.234M ▲ $3.007M ▲ $-1.21M ▲ -37.415% ▲ $-0.17 ▲ $-1.143M ▲
Q2-2025 $2.22M ▼ $2.85M ▼ $-1.829M ▼ -82.387% ▼ $-0.31 ▼ $-1.938M ▼
Q1-2025 $3.869M ▲ $3.194M ▼ $-471K ▲ -12.174% ▲ $-0.098 ▲ $-447K ▲
Q4-2024 $3.678M ▼ $3.698M ▼ $-1.56M ▲ -42.414% ▲ $-0.37 ▲ $-1.282M ▲
Q3-2024 $3.841M $4.507M $-2.712M -70.607% $-0.98 $-1.719M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.865M ▲ $6.238M ▲ $2.637M ▲ $3.601M ▲
Q2-2025 $1.761M ▼ $5.531M ▼ $2.544M ▼ $2.987M ▼
Q1-2025 $2.775M ▼ $6.729M ▼ $3.136M ▼ $3.593M ▲
Q4-2024 $3.344M ▲ $7.206M ▲ $3.74M ▼ $3.466M ▲
Q3-2024 $1.317M $7.195M $5.169M $2.026M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.21M ▲ $-1.548M ▲ $-34K ▲ $1.686M ▲ $104K ▲ $-1.582M ▲
Q2-2025 $-1.829M ▼ $-2.041M ▼ $-45K ▼ $1.072M ▲ $-1.014M ▼ $-2.086M ▼
Q1-2025 $-471K ▲ $-966K ▼ $0 $397K ▼ $-569K ▼ $-966K ▼
Q4-2024 $-1.56M ▲ $-687K ▼ $0 $2.714M ▲ $2.027M ▲ $-687K ▼
Q3-2024 $-2.712M $-683K $0 $132K $-551K $-683K

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Peraso’s income statement shows a company still in the development and commercialization phase rather than a mature, profitable business. Revenue has stayed very small and broadly flat for several years, suggesting that sales traction has been limited so far. Gross profit is modest and doesn’t yet cover operating costs, so operating losses and net losses have persisted every year. The very large swings in reported loss per share reflect repeated reverse stock splits and equity restructuring, which underline a long history of financial strain and dilution, not improving profitability.

Balance Sheet

Balance Sheet The balance sheet is very light, with a small asset base and only a thin layer of equity left. Cash on hand appears very limited, and while there is little or no traditional debt, this is less a sign of strength and more a reflection of the company’s tiny scale and past recapitalizations. Equity has been eroded over time by ongoing losses, and the series of large reverse splits points to pressure to maintain listing status. Overall, the balance sheet looks fragile and leaves only a modest cushion to absorb setbacks.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative or just about breakeven, matching the pattern of recurring losses. The company is not generating self-sustaining cash from its core activities and has historically needed outside funding to keep going. Capital spending is minimal, which helps limit cash burn but also reflects the asset-light, fabless model. The key issue is that internal cash generation does not yet support long-term independence, so access to external capital remains critical.

Competitive Edge

Competitive Edge Competitively, Peraso is a specialized, niche player in millimeter‑wave semiconductors, especially at 60 GHz. Its strength lies in offering complete, integrated solutions—chips, modules, software, and related intellectual property—rather than just one piece of the puzzle. This can make it attractive to customers that want a faster, simpler path to market. The patent portfolio and history of shipping mmWave products provide credibility and some barriers to entry. However, the company competes in a space that also attracts large, well-funded players like Qualcomm and other focused specialists. Its small scale and weak financial position are meaningful constraints when facing larger rivals and long, complex sales cycles.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. Peraso has deep technical know‑how in mmWave, including advanced beamforming, long‑range high‑bandwidth links, and pre‑certified modules that reduce complexity for customers. Its focus on unlicensed 60 GHz spectrum and compliance with the latest WiGig standards positions it well for high-speed wireless use cases. The roadmap extends into licensed 5G mmWave bands, opening broader markets if execution is successful. Partnerships in areas like robotaxis, factory automation, and defense show the technology’s relevance to cutting‑edge applications. The main risk is whether the company has enough financial resources and commercial reach to fully monetize this R&D advantage before competitors or funding constraints catch up.

Summary

Peraso combines technically impressive, highly specialized mmWave technology with a very strained financial profile. On one side, it has a clear niche, a coherent product portfolio, meaningful intellectual property, and exposure to attractive trends such as fixed wireless access, high‑bandwidth connectivity, and next‑generation wireless standards. On the other side, years of small-scale revenue, persistent losses, a thin balance sheet, and dependence on external funding create significant execution and sustainability risks. The company’s future hinges on turning its innovation and partnerships into meaningful, recurring revenue while managing liquidity and competition from much larger semiconductor players.

NEWS

November 25, 2025 · 8:45 AM UTC

Peraso and Virewirx Collaborate to Provide 60GHz Multi-gigabit Robotaxi Communication Link

Read more

November 10, 2025 · 4:05 PM UTC

Peraso Announces Third Quarter 2025 Results

Read more

November 4, 2025 · 8:00 AM UTC

Peraso to Spotlight DUNE Platform as Part of Canadian Delegation at Africa Tech Festival 2025

Read more

November 3, 2025 · 7:00 AM UTC

Mobix Labs and Peraso Enter Cooperative Discussions Toward a Potential Acquisition

Read more

October 28, 2025 · 8:00 AM UTC

Peraso to Announce Third Quarter 2025 Financial Results

Read more