Pixelworks, Inc.

pixelworks.com

What Do They Do?

Develops and licenses cinematic video tools and services, including TrueCut Motion, for filmmakers, display makers and brands.

How Do They Make Money?

Filmmakers pay fixed fees for motion-grading projects as work progresses. Pixelworks also earns license fees when customers receive rights to its technology, royalties when licensees sell products using it, and support fees over time.

FY2025 revenue

Who Are Their Customers?

Pixelworks works directly with filmmakers on motion-grading services or licenses its tools; it also serves display makers and brands with certification, support and IP licenses. It does not use distributors for TrueCut products.

Do Revenues Turn Into Profits?

No. It lost $22.5M in FY2025.

Operating income, FY2025

−1668% of revenue

▼ −11% (Loss) vs FY2024 (−$13M, −1879%)

Net income, FY2025

−3247% of revenue

▼ −22% (Loss) vs FY2024 (−$28.7M, −4162%)

Free cash flow, FY2025

−3038% of revenue

▼ −11% (Loss) vs FY2024 (−$23.6M, −3416%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −60%; vs $159K in Q2 FY2025
Net income: ▼ −58% (Loss); vs −$6.7M in Q2 FY2025

Shrinking. Revenue fell 99% in 4 years, from $55.1M in FY2021 to $693K in FY2025, about 67% a year.

Business focus Earlier reports described mobile, home and enterprise, and cinema markets, along with semiconductor products for phones, projectors and video delivery. The latest report says Pixelworks sold its semiconductor business and focuses on cinematic visualization solutions.

Revenue model Earlier reports said most revenue came from integrated-circuit sales; the latest report describes its TrueCut Motion offerings as services and licensing.

Who Do They Compete With?

Competes with Dolby Laboratories, Epic Games, Unity Technologies, Adobe, Soluciones Gráficas por Ordenador, The Foundry Visionmongers, Autodesk, Wētā FX, DNEG, Pixar Animation Studios, Digital Domain, and Industrial Light & Magic

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