15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 55.8% per year over the past 5 years.
Operating margin has contracted, at -1667.5% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$693000
-$22M
85.0%
-1667.5%
-$21M
—
$11M
2024
$690000
-$29M
81.3%
-1878.8%
-$24M
—
$5M
2023
$60M
-$26M
43.1%
-48.0%
-$23M
—
$48M
2022
$70M
-$16M
51.2%
-24.0%
-$14M
—
$57M
2021
$55M
-$20M
50.3%
-36.3%
-$13M
—
$62M
2020
$41M
-$27M
49.4%
-65.4%
-$6M
—
$31M
2019
$69M
-$9M
50.2%
-19.1%
-$13M
—
$7M
2018
$77M
-$4M
51.6%
-6.3%
-$1M
$0
$18M
2017
$81M
-$4M
51.8%
-2.5%
$10M
$6M
$28M
2016
—
-$11M
—
—
-$4M
$0
$20M
2015
—
-$11M
—
—
-$7M
—
$27M
2014
—
-$10M
—
—
-$1M
—
$18M
2013
—
-$9M
—
—
-$3M
—
$21M
2012
—
-$6M
—
—
-$51000
—
$13M
2011
—
-$7M
—
—
-$3M
—
$15M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$446000
$81M
56.7%
-1100.9%
-$5M
—
$58M
Dec '25
-$23M
-$4M
47.0%
-40.4%
-$7M
—
$11M
Sep '25
$9M
-$4M
49.8%
-64.1%
-$3M
—
$15M
Jun '25
$8M
-$7M
45.8%
-88.5%
-$5M
—
$14M
Mar '25
$0
-$8M
—
—
-$7M
—
$19M
Dec '24
-$33M
-$5M
50.1%
-35.6%
-$6M
—
$5M
Sep '24
$10M
-$8M
51.2%
-90.6%
-$9M
—
$29M
Jun '24
$9M
-$10M
50.7%
-125.9%
-$8M
—
$38M
Mar '24
$16M
-$5M
50.5%
-34.2%
-$1M
—
$46M
Dec '23
$20M
-$4M
44.7%
-20.6%
-$2M
—
$48M
Sep '23
$16M
-$7M
42.9%
-47.7%
-$4M
—
$50M
Jun '23
$14M
-$6M
40.3%
-47.7%
-$8M
—
$54M
Mar '23
$10M
-$9M
43.8%
-104.1%
-$9M
—
$63M
Dec '22
$17M
-$2M
53.1%
-17.8%
-$2M
—
$57M
Sep '22
$18M
-$4M
50.1%
-27.0%
-$2M
—
$58M
Jun '22
$19M
-$5M
49.0%
-27.2%
-$5M
—
$50M
Mar '22
$17M
-$5M
52.7%
-23.3%
-$6M
—
$55M
Dec '21
$17M
-$3M
53.5%
-22.5%
-$7M
—
$62M
Sep '21
$15M
-$4M
52.5%
-25.7%
$3M
—
$67M
Jun '21
$14M
-$4M
50.6%
-31.7%
-$2M
—
$24M
Valuation over time
How the market has priced PXLW against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.1× (Mar '23) to 52.9× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is PXLW growing its revenue and profit?
Over the past 5 years, PIXELWORKS, INC's revenue has declined 55.8% per year. These are computed facts, not advice.
How much debt does PXLW have?
As of FY2025, PIXELWORKS, INC reported — of total debt against $11M of cash.
What is PXLW's profit margin?
In FY2025, gross margin was 85.0%, operating margin -1667.5%, and net margin -3246.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.