Filing Flows › Peraso (PRSO) › Q3 2025
Peraso (PRSO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Peraso (PRSO) reported revenue of $3.2M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +46% from the quarter before. Operating margin was -36.8%, net loss $1.2M (37.4% of revenue).
Peraso, Q3 2025: revenue $3.2M (-16% year over year), operating margin -36.8%, net loss $1.2M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | +46% | -16% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $3.2M in Q3 2025, down 16% year over year and up 46% from the previous quarter. mm Wave ICs was the largest line at 70% of revenue. Memory ICs lost $3.6M year over year (down 98%), 594% of the total change.
Gross margin was 56.2%, up 9.1 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -36.8%. Operating expenses fell 33% while revenue fell 16%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.8M loss.
Operating cash flow was −$1.5M. Non-cash charges added back $67K of depreciation and amortization and $131K of share-based compensation. Working capital and other items used $536K. Capital expenditures of $34K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Peraso's revenue in the third quarter 2025?
Peraso (PRSO) reported revenue of $3.2M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +46% from the quarter before.
Was Peraso profitable in the third quarter 2025?
Operating loss was $1.2M (-36.8% of revenue) and net loss $1.2M.
Source: Peraso 10-Q on SEC EDGAR.