Filing Flows › Peraso (PRSO) › Q1 2025
Peraso (PRSO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Peraso (PRSO) reported revenue of $3.9M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +5% from the quarter before. Operating margin was -13.3%, net loss $471K (12.2% of revenue).
Peraso, Q1 2025: revenue $3.9M (+37% year over year), operating margin -13.3%, net loss $471K, operating cash flow −$966K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9M | +5% | +37% |
| Operating profit | −$514K | — | — |
| Net earnings | −$471K | — | — |
| Operating cash flow | −$966K | — | — |
What changed
Revenue was $3.9M in Q1 2025, up 37% year over year and up 5% from the previous quarter. Memory ICs was the largest line at 59% of revenue. mm Wave ICs added $898K year over year (up 1166%), 85% of the total change. Royalty and Other declined 51%.
Gross margin was 69.3%, up 22.9 points from a year earlier. Operating costs exceeded revenue by $514K, an operating margin of -13.3%. Operating expenses fell 35% while revenue rose 37%. The quarter ended with a net loss of $471K, narrower than the previous quarter's $1.6M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $67K of depreciation and amortization and $125K of share-based compensation. Working capital and other items used $687K.
Questions
What was Peraso's revenue in the first quarter 2025?
Peraso (PRSO) reported revenue of $3.9M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +5% from the quarter before.
Was Peraso profitable in the first quarter 2025?
Operating loss was $514K (-13.3% of revenue) and net loss $471K.
Source: Peraso 10-Q on SEC EDGAR.