What Xperi Inc. told the SEC could break it.

With a substantial majority of non-U.S. revenue and expense, Xperi is exposed to FX fluctuations in the Polish zloty, Indian rupee, British pound, Euro, Japanese Yen, Chinese Yuan and New Taiwan Dollar.

“Due to our operations outside the United States, we are subject to the risks of fluctuations in foreign currency exchange rates, particularly related to the Polish zloty, Indian rupee, British pound, Euro, Japanese Yen, Chinese Yuan and New Taiwan Dollar.”

A significant portion of Xperi's revenue comes from licensees headquartered outside the U.S., principally Asia Pacific and EMEA, with Japan a leading market — concentrating exposure to foreign jurisdictions.

“A significant portion of the Company's revenue is derived from licensees headquartered outside of the U.S., principally in Asia Pacific and Europe, the Middle East and Africa.”

Tariffs imposed beginning April 2025 on imports from China and other countries, plus 'buy national' policies and retaliation, may strain the global supply chains Xperi depends on.

“Beginning in April 2025, the United States imposed additional tariffs on imports from China, announced both reciprocal and sector-specific tariffs on imports from other countries, and may implement new reciprocal tariff rates in the future.”

Xperi depends on a limited number of third parties to design, manufacture, distribute and supply the hardware devices (DVRs, set-top boxes, streaming devices) its TiVo software runs on.

“We depend on a limited number of third parties to design, manufacture, distribute and supply hardware devices upon which our TiVo software and services operate.”