Peraso Inc. 8-K

What Happened
Peraso Inc. announced its financial results for the quarter ended March 31, 2026 in a press release dated May 11, 2026, which was furnished as Exhibit 99.1 to the company's Form 8-K. The company disclosed both GAAP results and supplemental non‑GAAP measures (including adjusted EBITDA) that exclude stock‑based compensation and changes in the fair value of certain warrant liabilities. The release includes standard forward‑looking statement cautionary language.

Key Details

• Press release dated May 11, 2026, reporting results for the three months ended March 31, 2026 (furnished as Exhibit 99.1).
• Non‑GAAP measures exclude stock‑based compensation and changes in fair value of warrant liabilities; reconciliations to GAAP are provided in the press release.
• Adjusted EBITDA is defined as GAAP net income (loss) excluding stock‑based compensation, changes in fair value of warrant liabilities, interest expense, depreciation, and income tax provision (benefit).
• The company issued warrants in November 2022 and June 2023; those warrant liabilities are revalued each reporting date and changes are recorded in other income (expense), which can affect reported results.

Why It Matters
Investors should note Peraso is presenting both GAAP and non‑GAAP views of quarterly performance. Management uses the non‑GAAP metrics (which strip out stock‑based pay and warrant fair‑value swings) for budgeting and to compare operational performance across periods, but these adjustments can materially change reported profitability. The revaluation of warrant liabilities can add volatility to reported other income/expense from period to period. Reconciliations to GAAP are included in the furnished press release; the information was furnished (not “filed”) under SEC rules.