Pixelworks, Inc. (PXLW) Income Statement
PXLW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPXLW revenue and net income
Where PXLW's revenue goes
2025Each bar shows an amount and its share of revenue. PXLW kept −3,246.6% of revenue as net income.
PXLW profit margins
PXLW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −98.4% | −78.5% | −55.8% | −35.9% |
| Gross profit | −108.7% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PXLW quarterly EPS vs estimates
Pixelworks beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 10, 2026 (estimate $-0.38).
PXLW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $693,000 | $43.2M | $59.7M | $70.1M | $55.1M | $40.9M | $68.8M | $76.6M | $80.6M | $53.4M |
| Cost of revenue | $2.6M | $20.9M | $34.0M | $34.3M | $27.4M | $20.7M | $34.3M | $37.1M | $38.9M | $28.3M |
| Gross profit | −$1.9M | $22.3M | $25.7M | $35.9M | $27.7M | $20.2M | $34.5M | $39.5M | $41.8M | $25.1M |
| Research & development | $3.7M | $31.3M | $30.9M | $30.5M | $27.2M | $25.0M | $26.0M | $22.9M | $21.4M | $19.0M |
| Sales, general & admin | $7.4M | $20.7M | $22.9M | $22.2M | $20.4M | $19.8M | $20.9M | $19.5M | $17.8M | $13.8M |
| Total operating expenses | $9.5M | $53.6M | $54.3M | $52.7M | $47.7M | $46.9M | $47.2M | $42.8M | $39.4M | $32.8M |
| Operating income | −$11.5M | −$31.4M | −$28.6M | −$16.8M | −$20.0M | −$26.7M | −$12.7M | −$4.8M | −$2.0M | −$10.3M |
| Interest income | $123,000 | $1.3M | $1.8M | $700,000 | $457,000 | $87,000 | $327,000 | $227,000 | $55,000 | $406,000 |
| Interest expense | — | $69,000 | $25,000 | $50,000 | $4.8M | $239,000 | $158,000 | $438,000 | $1.1M | $406,000 |
| Income before taxes | −$8.4M | −$29.1M | −$26.6M | −$16.1M | −$19.5M | −$25.9M | −$8.6M | −$4.2M | −$3.7M | −$10.8M |
| Income taxes | −$184,000 | $478,000 | $357,000 | −$884,000 | −$133,000 | $598,000 | $453,000 | $448,000 | $493,000 | $355,000 |
| Net income | −$22.5M | −$28.7M | −$26.2M | −$15.2M | −$19.4M | −$26.5M | −$9.1M | −$4.6M | −$4.2M | −$11.1M |
| EBITDA | −$5.8M | −$25.2M | −$22.3M | −$12.1M | −$15.2M | −$20.5M | −$3.1M | $2.1M | $1.5M | −$6.9M |
| EPS (diluted) | −$3.86 | −$4.68 | −$4.68 | −$2.28 | −$2.88 | −$4.68 | −$1.39 | $1.11 | $2.99 | −$1.80 |
| Gross margin | −278.4% | 51.6% | 43.1% | 51.2% | 50.3% | 49.4% | 50.2% | 51.6% | 51.8% | 47.0% |
| Operating margin | −1,656.3% | −72.6% | −48.0% | −24.0% | −36.3% | −65.4% | −18.5% | −6.3% | −2.5% | −19.4% |
| Net margin | −3,246.6% | −66.5% | −43.9% | −21.7% | −35.2% | −64.9% | −13.2% | −6.0% | −5.2% | −20.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64,000 | $446,000 | $0 | $8.8M | $8.2M | $7.1M | $9.1M | $9.5M | $8.5M | $16.1M | $20.1M | $16.0M |
| Cost of revenue | $25,000 | $193,000 | −$12.4M | $4.4M | $4.5M | $3.6M | $4.1M | $4.6M | $4.2M | $7.9M | $11.1M | $9.2M |
| Gross profit | $39,000 | $253,000 | −$11.0M | $4.4M | $3.8M | $3.5M | $5.0M | $4.9M | $4.3M | $8.1M | $9.0M | $6.9M |
| Research & development | $1.2M | $965,000 | $14.5M | $5.7M | $6.0M | $6.5M | $6.9M | $8.4M | $7.9M | $8.1M | $7.0M | $8.8M |
| Sales, general & admin | $2.1M | $2.2M | $5.9M | $4.3M | $4.4M | $4.6M | $5.0M | $5.0M | $5.7M | $5.5M | $11.8M | $5.8M |
| Total operating expenses | $3.4M | $3.2M | −$19.2M | $9.5M | $9.6M | $11.1M | $11.5M | $13.4M | $15.1M | $13.6M | $13.1M | $14.5M |
| Operating income | −$3.4M | −$2.9M | $8.2M | −$5.2M | −$5.9M | −$7.7M | −$6.5M | −$8.5M | −$10.7M | −$5.5M | −$4.1M | −$7.6M |
| Interest income | $578,000 | $319,000 | $138,000 | $76,000 | $76,000 | $109,000 | $156,000 | $303,000 | $349,000 | $459,000 | $460,000 | $500,000 |
| Interest expense | — | — | — | $25,000 | $10,000 | $12,000 | $15,000 | $7,000 | $22,000 | $25,000 | $22,000 | $29,000 |
| Income before taxes | −$2.8M | −$4.6M | $11.1M | −$5.1M | −$6.4M | −$8.0M | −$5.2M | −$8.3M | −$10.4M | −$5.1M | −$3.7M | −$7.2M |
| Income taxes | $10,000 | −$85.2M | −$198,000 | −$511,000 | $491,000 | $34,000 | $216,000 | $125,000 | $32,000 | $105,000 | $39,000 | $158,000 |
| Net income | −$2.8M | $80.6M | −$3.6M | −$4.4M | −$6.7M | −$7.8M | −$5.4M | −$8.1M | −$10.1M | −$5.1M | −$3.7M | −$7.0M |
| EBITDA | −$2.7M | −$4.5M | $9.5M | −$4.4M | −$5.9M | −$7.1M | −$4.5M | −$7.4M | −$9.3M | −$3.9M | −$2.6M | −$6.1M |
| EPS (diluted) | −$0.43 | −$0.35 | −$0.85 | −$0.69 | −$1.00 | −$1.32 | −$0.84 | −$1.44 | −$1.56 | −$0.84 | −$0.60 | −$1.20 |
| Gross margin | 60.9% | 56.7% | — | 49.8% | 45.8% | 48.7% | 54.6% | 51.2% | 50.7% | 50.5% | 44.7% | 42.9% |
| Operating margin | −5,256.2% | −653.6% | — | −58.8% | −71.0% | −108.4% | −71.4% | −89.7% | −125.9% | −34.2% | −20.6% | −47.7% |
| Net margin | −4,368.8% | 18,068.2% | — | −50.5% | −81.3% | −109.4% | −59.0% | −85.5% | −118.9% | −31.6% | −18.7% | −43.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PXLW's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PXLW financial results
In fiscal year 2025 (ended December 31, 2025), Pixelworks reported revenue of $0.7 million, down 98.4% from the year before. It had a net loss of $22.5 million, a net profit margin of −3,246.6%. Diluted earnings per share came to −$3.86. Over five years revenue grew at an average rate of −55.8% a year.
See the PXLW stock overview for the latest quote and news, or the PXLW chart for price history and technical indicators.
PXLW income statement FAQ
What is Pixelworks's annual revenue?
Pixelworks reported total revenue of $0.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 98.4% from $43.2 million the previous year.
Is Pixelworks profitable?
No. Pixelworks reported a net loss of $22.5 million in fiscal 2025, a net profit margin of −3,246.6%; its operating margin was −1,656.3%.
What is Pixelworks's gross margin?
Pixelworks's gross margin was −278.4% in fiscal 2025: for every $100 of revenue, Pixelworks kept $-278 after the direct cost of its products and services.
How much does Pixelworks spend on research and development?
Pixelworks spent $3.7 million on research and development in fiscal 2025, 533.2% of revenue.
How fast is Pixelworks growing?
Revenue grew −55.8% a year on average over the last five fiscal years, from $40.9 million to $0.7 million.
What are Pixelworks's earnings per share?
Pixelworks earned $-3.86 per diluted share in fiscal 2025, compared with $-4.68 a year earlier.
When will Pixelworks report its next earnings?
Pixelworks is expected to report results for the quarter ending September 30, 2026 on November 10, 2026 after the market closes.
When does Pixelworks's fiscal year end?
Pixelworks's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.