Form 8-K

8-K — Xperi Inc.

Accession: 0001788999-26-000010

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0001788999

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — xper-20260506.htm (Primary)

EX-99.1 (xper-ex99_1.htm)

GRAPHIC (img20700832_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: xper-20260506.htm · Sequence: 1

8-K

0001788999false00017889992026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 06, 2026

Xperi Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-41486

83-4470363

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

2190 Gold Street

San Jose, California

95002

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 408 519-9100

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

XPER

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 6, 2026, Xperi Inc. (the “Company”) announced its financial results for the first quarter ended March 31, 2026. A copy of the Company’s press release announcing these financial results and other information regarding its financial condition is furnished as Exhibit 99.1 to this Form 8-K.

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

99.1

Press Release dated May 6, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 6, 2026

Xperi Inc.

By:

/s/ Robert Andersen

Name:

Robert Andersen

Title:

Chief Financial Officer

EX-99.1

Filename: xper-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Xperi Inc. Announces First Quarter 2026 Results

Media Platform Revenue Rose 45 Percent Year-Over-Year Driven Primarily by Advertising Monetization

AutoStage Footprint Grew 45 Percent Year-Over-Year to Reach 16 Million Vehicles

Achieved 5.5 Million Monthly Active Users on the TiVo One Ad Platform

Company Reaffirms Annual Guidance

San Jose, Calif. (May 6, 2026) – Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), a media and entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced first quarter 2026 financial results for the period ended March 31, 2026.

“We are beginning to see the inflection in our monetization strategy as our Media Platform revenue grew 45% when compared to the first quarter of 2025. During the quarter, we made significant improvements to our ad products by enhancing targeting and measurement, further growing the TiVo One ad platform footprint, and expanding partnerships that, collectively, are expected to accelerate advertising monetization,” said Jon Kirchner, chief executive officer of Xperi. “The results of the quarter clearly demonstrate the progress we are making on our strategic growth plan. We remain on track for our 2026 goals and reaffirm our financial guidance for the year.”

Financial Highlights

Q1 FY26

Q1 FY25

GAAP ($ millions, except per share data)

Revenue

114.2

114.0

GAAP operating income (loss)

2.2

(16.4

)

GAAP net loss

(7.8

)

(18.4

)

GAAP diluted net loss per share

(0.17

)

(0.41

)

Non-GAAP* ($ millions, except per share data)

Q1 FY26

Q1 FY25

Revenue

114.2

114.0

Non-GAAP operating income

19.1

10.0

Non-GAAP net income

11.0

7.4

Non-GAAP diluted earnings per share

0.23

0.16

Non-GAAP adjusted EBITDA

25.3

16.4

Non-GAAP adjusted EBITDA Margin

22.1

14.4

(1)

For further information on supplemental non-GAAP metrics included in this press release, refer to the “Non-GAAP Financial Measures” description and “GAAP to Non-GAAP Reconciliations” provided in the financial statement tables.

Recent Key Operating Achievements

Media Platform

Continued growth in footprint, product enhancements, and expanded advertising partnerships are expected to accelerate advertising monetization revenue

•

Media Platform revenue grew 45 percent on a year-over-year basis.

•

TiVo One Monthly Active Users more than doubled year-over-year to 5.5 million.

•

Completed integrations with U.S. and European advertising partners to improve data signals while enabling Connected TV inventory for targeted advertising and measurement. These integrations validate TiVo One’s unique audience and incremental reach in the programmatic marketplace.

•

Signed a multi-year partnership agreement with Samba TV, adding industry-leading intelligence and measurement capabilities to enhance the value of TiVo One’s Connected TV inventory for ad buyers.

•

Average Revenue Per User (ARPU) for TiVo One for the trailing 12 months ending March 31, 2026 was $7.10.

Connected Car

Continued growth in the Connected Car platform footprint as well as new automotive OEM programs are expected to accelerate monetization

•

AutoStage footprint expanded by over 45 percent year-over-year, reaching over 16 million vehicles across 13 automotive brands.

•

Launched the AutoStage Broadcast Portal, a subscription service that we believe delivers unprecedented visibility and insights into audience behavior and listening metrics across 300 U.S. radio markets.

•

Signed multi-year HD Radio renewal agreements with two major Asian Tier 1 suppliers and launched HD Radio in new models, including from Audi, Honda, Mercedes, and Toyota.

Pay TV

Continued double-digit subscriber growth in video-over-broadband along with key design wins demonstrate partner commitment to the TiVo platform

•

IPTV subscriber households increased by 19% year-over-year, reaching 3.28 million at quarter end.

•

Introduced new IPTV service offerings designed to drive long-term ARPU growth including a Programmatic Dynamic Ad Insertion solution and our native Digital Rights Management (DRM) solution.

•

Delivered an innovative 4K sports experience with multi-view capability to IPTV households for the Winter Olympics and Super Bowl.

•

Expanded our set-top box partnership with Kaon and executed a multi-year discovery agreement with DirecTV.

Consumer Electronics

Continued trend of securing long-term renewals with commitments to our technology

•

Renewed DTS decoder and post-processing contracts with leading TV brands,including Vizio, Xiaomi, TCL, and a major U.S. retailer.

•

Entered into multi-year partnership with Tencent Music for DTS:X encoding of its music catalog, offering immersive audio as a premium feature to Tencent/QQ Music subscribers.

Financial Outlook

The Company reiterates its outlook for 2026 as follows:

Category

Outlook

Revenue

$440M to $470M

Adjusted EBITDA Margin1, 2

17% to 19%

Operating Cash Flow

$15M to $25M

Capital Expenditures3

$15M to $20M

Non-GAAP Tax Expense2

~$20M

Basic and Fully Diluted Share Count

48M to 49M

Stock-based Compensation

~$31M

1 See discussion of “Non-GAAP Financial Measures” below.

2 With respect to Adjusted EBITDA Margin and Non-GAAP Tax Expense, the Company has determined that it is unable to provide a quantitative reconciliation of these forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company's control.

3 Capital Expenditures is defined as the sum of two items from the Consolidated Statements of Cash Flows: Capitalized Internal-Use Software and Purchases of Property and Equipment.

Conference Call Information

The Company will hold its first quarter 2026 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, May 6, 2026. To access the call toll-free, please dial 1-888-596-4144, otherwise dial 1-646-968-2525. The conference ID is 5483252. All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Alternatively, the call can be accessed via the following webcast link: Xperi Q1 2026 Earnings Call.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, 2026 goals, expectations regarding cash flow, revenue growth and Adjusted EBITDA Margin growth, improved profitability, long term shareholder value, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, our cost management focus and monetization goals, timing, and expectations, including, without limitation, expectations regarding monetization revenue, growth in the Media Platform business, including through product enhancements and advertising partnership expectations, monetization in Connected Car, AutoStage footprint growth and strategy, ARPU growth, and other objectives. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” “goal,” and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025, as updated in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 to be filed with the Securities and Exchange Commission (the “SEC”), and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

About Xperi Inc.

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS®, HD Radio™, TiVo®) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX®Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers.

©2026 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners.

Definition for TiVo One Monthly Active User

Xperi defines a “TiVo One Monthly Active User” as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device’s operating system on certain “Powered by TiVo” devices, including smart TVs and video-over-broadband products.

Calculation of Average Revenue Per User for TiVo One

Average Revenue Per User (ARPU) for TiVo One is calculated by dividing monetization revenue within Media Platform for the trailing four quarters by the average number of TiVo One Monthly Active Users during that same period. Monetization revenue includes all advertising and data monetization revenue from the TiVo One platform and from other parts of our Media Platform business. This metric helps investors and management measure how effectively the Company monetizes its user base through advertising and data on its platforms.

Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss), Non-GAAP Net Income/(Loss) Per Share, Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted EBITDA Margin, Free Cash Flow, and Non-GAAP Tax Expense.

Non-GAAP Operating Income/(Loss) is defined as GAAP Operating Income/(Loss), less the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.

Non-GAAP Net Income/(Loss) is defined as GAAP Net Income/(Loss) excluding the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance; and related tax effects for each adjustment.

Non-GAAP Net Income/(Loss) Per Share is defined as Non-GAAP Income/(Loss) divided by Non-GAAP weighted average shares outstanding - diluted.

Non-GAAP Adjusted EBITDA is defined as GAAP Net Income/(Loss), less the impact of interest expense; provision for income taxes; stock-based compensation; depreciation expense; amortization of intangible assets; amortization of capitalized cloud computing costs; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.

Non-GAAP Adjusted EBITDA Margin is defined as Non-GAAP Adjusted EBITDA divided by total revenue.

Free Cash Flow is defined as net cash from operating activities, less cash investments for capitalized internal-use software and purchases of property and equipment.

Non-GAAP Tax Expense is defined as the GAAP provision for income taxes, adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments.

Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company’s ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis.

Set forth below are reconciliations of the Company’s reported GAAP to non-GAAP financial measures.

Xperi Investor Contact:

Idalia Rodriguez

Arbor Advisory Group

+1 203-293-3325

ir@xperi.com

Media Contact:

Tom Huntington

+1 619-743-9057

thomas.huntington@xperi.com

– Tables Follow –

SOURCE: XPERI INC.

XPER-E

# # #

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months Ended March 31,

2026

2025

Revenue

114,206

114,033

Operating expenses:

Cost of revenue, excluding depreciation and amortization of intangible assets

30,880

29,599

Research and development

27,083

39,549

Selling, general and administrative

41,787

48,698

Depreciation expense

4,261

2,905

Amortization expense

8,044

9,722

Total operating expenses

112,055

130,473

Operating income (loss)

2,151

(16,440

)

Interest and other income, net

819

2,295

Interest expense - debt

(678

)

(732

)

Income (loss) before taxes

2,292

(14,877

)

Provision for income taxes

10,118

3,489

Net loss

(7,826

)

(18,366

)

Net loss per share - basic and diluted

(0.17

)

(0.41

)

Weighted-average number of shares used in computing net loss per share - basic and diluted

47,352

44,773

XPERI INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

March 31, 2026

December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents

70,422

96,824

Accounts receivable, net

59,898

56,838

Unbilled contracts receivable, net

89,909

78,320

Prepaid expenses and other current assets

28,685

23,631

Deferred consideration from divestiture

11,999

11,880

Total current assets

260,913

267,493

Note receivable, noncurrent

32,474

31,928

Deferred consideration from divestiture, noncurrent

8,351

8,015

Unbilled contracts receivable, noncurrent

73,578

67,417

Property and equipment, net

51,471

51,926

Operating lease right-of-use assets

24,459

27,557

Intangible assets, net

120,838

128,882

Deferred tax assets

6,591

5,281

Other noncurrent assets

28,271

27,330

Total assets

606,946

615,829

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

12,604

12,352

Accrued liabilities

82,355

82,160

Deferred revenue

15,404

16,137

Total current liabilities

110,363

110,649

Long-term debt

40,000

Deferred revenue, noncurrent

13,665

15,072

Operating lease liabilities, noncurrent

19,586

21,487

Deferred tax liabilities

1,428

Other noncurrent liabilities

13,895

13,118

Total liabilities

198,937

201,754

Stockholders' equity:

Common stock

Additional paid-in capital

1,317,836

1,314,249

Accumulated other comprehensive loss

(6,266

)

(4,438

)

Accumulated deficit

(903,609

)

(895,783

)

Total stockholders' equity

408,009

414,075

Total liabilities and stockholders' equity

606,946

615,829

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net loss

(7,826

)

(18,366

)

Adjustments to reconcile net loss to net cash used in operating activities:

Amortization of intangible assets

8,044

9,722

Stock-based compensation expense

7,836

12,102

Depreciation of property and equipment

4,261

2,905

Accrued interest income from note receivable

(546

)

(569

)

Accretion of discount from deferred consideration from divestitures

(455

)

(400

)

Deferred income taxes

(1,310

)

(99

)

Other

148

830

Changes in operating assets and liabilities:

Accounts receivable

(2,908

)

233

Unbilled contracts receivable

(17,750

)

(7,366

)

Prepaid expenses and other assets

(6,098

)

(4,197

)

Accounts payable

1,023

(2,653

)

Accrued and other liabilities

(294

)

(12,417

)

Deferred revenue

(2,140

)

(1,983

)

Net cash used in operating activities

(18,015

)

(22,258

)

Cash flows from investing activities:

Purchases of property and equipment

(1,105

)

(1,066

)

Capitalized internal-use software

(3,729

)

(3,127

)

Purchases of intangible assets

—

(14

)

Net cash used in investing activities

(4,834

)

(4,207

)

Cash flows from financing activities:

Repayment of short-term debt

—

(50,000

)

Withholding taxes related to net share settlement of equity awards

(3,553

)

(5,288

)

Payment of debt issuance costs

—

(823

)

Proceeds from long-term debt

—

40,000

Net cash used in financing activities

(3,553

)

(16,111

)

Net decrease in cash and cash equivalents

(26,402

)

(42,576

)

Cash and cash equivalents at beginning of period

96,824

130,564

Cash and cash equivalents at end of period

70,422

87,988

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months Ended March 31,

2026

2025

Reconciliation of net (loss) income:

GAAP net loss

(7,826

)

(18,366

)

Adjustments to GAAP net loss:

Stock-based compensation(1)

7,836

12,102

Amortization of intangible assets

8,044

9,722

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs(2)

285

(54

)

Severance and retention(3)

780

4,644

Income tax adjustment(4)

1,912

(623

)

Non-GAAP net income

11,031

7,425

(1) Stock-based compensation included in above line items:

Cost of revenue, excluding depreciation and amortization of intangible assets

656

1,044

Research and development

2,263

4,423

Selling, general and administrative

4,917

6,635

(2) Transaction, integration and restructuring costs included in above line items:

Selling, general and administrative

285

(63

)

Interest and other income, net

—

(3) Severance and retention included in above line items:

Cost of revenue, excluding depreciation and amortization of intangible assets

154

225

Research and development

592

2,716

Selling, general and administrative

1,703

(4) The provision for income taxes is adjusted to reflect the net direct and indirect tax effects of the various non-GAAP pretax adjustments.

Reconciliation of net (loss) income per share:

GAAP diluted net loss per share

(0.17

)

(0.41

)

Adjustments to GAAP net loss per share:

Stock-based compensation

0.17

0.27

Amortization of intangible assets

0.17

0.22

Transaction, integration and restructuring related costs

0.02

0.10

Income tax adjustment

0.04

(0.01

)

Difference in shares used in calculation

—

(0.01

)

Non-GAAP diluted net income per share

0.23

0.16

GAAP weighted-average number of shares - basic and diluted

47,352

44,773

Non-GAAP weighted-average number of shares - diluted

47,894

45,719

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

Three Months Ended March 31,

2026

2025

GAAP operating income (loss)

2,151

(16,440

)

Adjustments to GAAP operating loss:

Stock-based compensation

7,836

12,102

Amortization of intangible assets

8,044

9,722

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs

285

(63

)

Severance and retention

780

4,644

Non-GAAP operating income

19,096

9,965

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

Three Months Ended March 31,

2026

2025

GAAP net loss

(7,826

)

(18,366

)

Adjustments to GAAP net loss:

Interest expense

856

897

Provision for income taxes

10,118

3,489

Stock-based compensation

7,836

12,102

Depreciation expense

4,261

2,905

Amortization of intangible assets

8,044

9,722

Amortization of capitalized cloud computing costs

908

1,084

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs

285

(54

)

Severance and retention

780

4,644

Non-GAAP Adjusted EBITDA

25,262

16,423

Non-GAAP Adjusted EBITDA Margin(1)

22.1

14.4

Computation of free cash flow:

Net cash used in operating activities

(18,015

)

(22,258

)

Adjustments:

Capitalized internal-use software

(3,729

)

(3,127

)

Purchases of property and equipment

(1,105

)

(1,066

)

Non-GAAP free cash flow

(22,849

)

(26,451

)

(1)

Non-GAAP Adjusted EBITDA Margin is calculated by dividing Non-GAAP Adjusted EBITDA, derived as above, by the Company's total revenue, expressed as a percentage.

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May 06, 2026

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Cover page.

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No definition available.

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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No definition available.

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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No definition available.

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Name of the City or Town

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No definition available.

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Code for the postal or zip code

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No definition available.

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Name of the state or province.

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No definition available.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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Former Legal or Registered Name of an entity

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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Name:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Name:

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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