Peraso Inc. 8-K

What Happened

• Peraso Inc. filed a Current Report on Form 8-K on March 16, 2026, and issued a press release (furnished as Exhibit 99.1) announcing its financial results for the three and twelve months ended December 31, 2025. The release includes GAAP results plus management-presented non‑GAAP measures and customary forward‑looking statement language.

Key Details

• The press release covers Peraso’s quarterly and full‑year (Q4 and FY) results for the period ended December 31, 2025 and is furnished as Exhibit 99.1 to the 8‑K.
• Management discloses and emphasizes non‑GAAP measures that exclude: stock‑based compensation, amortization of intangible assets, severance costs, and change in fair value of warrant liabilities.
• Amortization of intangibles: none recorded in the three and twelve months ended Dec 31, 2025, because the related intangibles were fully amortized on Dec 31, 2024.
• Severance: charges related to employee reductions from Nov 2023 were recorded earlier; those severance amounts were fully paid in July 2025.
• Warrants: Peraso issued warrants in Nov 2022 and June 2023; the fair‑value remeasurements of those warrant liabilities are recorded each period and excluded from the company’s non‑GAAP measures.
• Adjusted EBITDA (per Peraso) = GAAP net income (loss) excluding stock‑based comp, intangible amortization, severance, change in fair value of warrant liabilities, interest expense, depreciation, and income taxes. Reconciliations to GAAP are furnished in the press release.

Why It Matters

• Investors get both GAAP results and management’s non‑GAAP view of operational performance; Peraso notes these adjusted measures are used for budgeting and internal comparisons.
• Important accounting points that affect comparability: no intangible amortization in 2025 (amortized fully in 2024), severance payments tied to prior reductions were completed in July 2025, and warrant revaluations can create volatility in other income/expense.
• Retail investors should review the furnished press release and the GAAP-to-non‑GAAP reconciliations to understand the adjustments management is making and how they impact reported earnings and adjusted EBITDA.