Financial Highlights:
- Q425 consolidated revenue US$125.22 million, compared with US$127.41 million in the year-ago quarter
- Q425 consolidated net income US$17.53 million; Basic and Fully diluted after-tax EPS US$0.22 (NT$6.97) and US$0.22 (NT$6.94), respectively
SAN JOSE, Calif.–(BUSINESS WIRE)–Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the fourth fiscal quarter and fiscal year 2025 ended December 31, 2025, and provided guidance for the first quarter of fiscal year 2026.
Consolidated revenue was US$125.22 million and consolidated net income was US$17.53 million. Basic and fully diluted after-tax earnings per share (“EPS”) were US$0.22 (NT$6.97) and US$0.22 (NT$6.94), respectively. These results compared to consolidated revenue US$127.41 million and consolidated net income of US$21.30 million, or US$0.27 (NT$8.69) and US$0.27 (NT$8.66) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the fourth quarter of 2025 consolidated revenue decreased 14.32% sequentially and was down 1.72% year-over-year.
The gross profit in the fourth quarter of 2025 was US$52.63 million, representing a decrease of 15.27% from the previous quarter and a decrease of 2.11% compared to the same quarter of last year.
The Company also reported financial results for fiscal year 2025. Consolidated revenue was US$531.09 million, representing an increase of 5.00% from US$505.81 million in the prior year. Gross profit was US$226.01 million and operating income was US$87.20 million. Net income for fiscal year 2025 was US$87.75 million, or US$1.11 (NT$34.51) per basic share and US$1.10 (NT$34.31) per fully diluted share. These results compared with net income of US$80.68 million, or US$1.01 (NT$32.55) per basic share and US$1.01 (NT$32.39) per fully diluted share in the prior year.
On November 11, 2025, Parade introduced the TC1316V device, the world’s first fully integrated AEC-Q100 qualified embedded DisplayPort (eDP) Touch with Tcon Embedded Driver (TTED). This new device targets next-generation automotive cockpit LCD displays requiring high resolution and high refresh rates. The TC1316V combines Parade’s broad portfolio of patented touchscreen technology and market proven eDP Tcon, in-cell and high-speed signal technology, to provide excellent picture quality and responsive touch performance. The TC1316V leverages Parade’s TrueTouch™ patented technology and design expertise, built on the experience of shipping over one billion touch devices and proven in-cell performance from the consumer notebook market. The device delivers superior EMI suppression, low power consumption and advanced signal processing algorithms to ensure reliable and responsive touch for the automotive cabin.
Based on current business outlook, Parade is providing the following guidance for the first quarter of fiscal 2026:
- Revenue: US$119.75 ~132.25 Million
- Gross Margin: 40% ~44%
- Operating Expense: US$33.0 ~36.0 Million
The financial figures detailed above for the fourth quarter of 2025 and for the year ended December 31, 2025 have not been audited or reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (“TPEx”) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standard Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.
| Parade Technologies, Ltd. and Subsidiaries. | |||||||||||||||||||||||
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The reader is advised that these consolidated financial statements have been prepared originally in NT$ and conformed with the adoption of IFRSs. In the event of any differences between NT$ and US$ version, the NT$ version shall prevail. |
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| UNAUDITED CONSOLIDATED INCOME STATEMENTS | USD in Thousands | NTD in Thousands | |||||||||||||||||||||
| Sequential Quarter | Three Months ended | Twelve Months ended | Sequential Quarter | Three Months ended | Twelve Months ended | ||||||||||||||||||
|
Dec 31, |
|
Sep 30, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Sep 30, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
|
2025 |
2025 |
2025 |
2024 |
2025 |
2024 |
2025 |
2025 |
2025 |
2024 |
2025 |
2024 |
||||||||||||
| Revenue |
125,217 |
146,144 |
125,217 |
127,413 |
531,087 |
505,808 |
3,887,990 |
4,377,025 |
3,887,990 |
4,120,533 |
16,531,048 |
16,245,645 |
|||||||||||
| Cost of goods sold |
72,590 |
84,033 |
72,590 |
73,651 |
305,082 |
290,864 |
2,253,952 |
2,516,771 |
2,253,952 |
2,381,895 |
9,496,312 |
9,342,425 |
|||||||||||
| Gross profit |
52,627 |
62,111 |
52,627 |
53,762 |
226,005 |
214,944 |
1,634,038 |
1,860,254 |
1,634,038 |
1,738,638 |
7,034,736 |
6,903,220 |
|||||||||||
| Research & development expenses |
23,902 |
23,387 |
23,902 |
21,983 |
93,378 |
90,739 |
742,130 |
700,435 |
742,130 |
710,934 |
2,909,870 |
2,913,474 |
|||||||||||
| Sales & marketing expenses |
7,242 |
7,117 |
7,242 |
6,492 |
27,192 |
28,472 |
224,869 |
213,165 |
224,869 |
209,940 |
846,748 |
913,994 |
|||||||||||
| General & administrative expenses |
4,383 |
4,485 |
4,383 |
4,727 |
18,237 |
19,429 |
136,082 |
134,356 |
136,082 |
152,869 |
568,965 |
623,672 |
|||||||||||
| Total operating expenses |
35,527 |
34,989 |
35,527 |
33,202 |
138,807 |
138,640 |
1,103,081 |
1,047,956 |
1,103,081 |
1,073,743 |
4,325,583 |
4,451,140 |
|||||||||||
| Operating income |
17,100 |
27,122 |
17,100 |
20,560 |
87,198 |
76,304 |
530,957 |
812,298 |
530,957 |
664,895 |
2,709,153 |
2,452,080 |
|||||||||||
| Non-operating income |
2,084 |
2,309 |
2,084 |
2,586 |
8,771 |
11,051 |
64,712 |
69,163 |
64,712 |
83,646 |
273,241 |
355,081 |
|||||||||||
| Income before income taxes |
19,184 |
29,431 |
19,184 |
23,146 |
95,969 |
87,355 |
595,669 |
881,461 |
595,669 |
748,541 |
2,982,394 |
2,807,161 |
|||||||||||
| Income tax expense |
1,652 |
2,188 |
1,652 |
1,842 |
8,215 |
6,678 |
51,293 |
65,541 |
51,293 |
59,574 |
255,681 |
215,038 |
|||||||||||
| Net income |
17,532 |
27,243 |
17,532 |
21,304 |
87,754 |
80,677 |
544,376 |
815,920 |
544,376 |
688,967 |
2,726,713 |
2,592,123 |
|||||||||||
| EPS – Basic (In Dollar) |
$0.22 |
$0.35 |
$0.22 |
$0.27 |
$1.11 |
$1.01 |
$6.97 |
$10.45 |
$6.97 |
$8.69 |
$34.51 |
$32.55 |
|||||||||||
| Shares used in computing EPS-Basic (In thousands) |
78,059 |
78,059 |
78,059 |
79,263 |
79,020 |
79,625 |
78,059 |
78,059 |
78,059 |
79,263 |
79,020 |
79,625 |
|||||||||||
| EPS – Diluted (In Dollar) |
$0.22 |
$0.35 |
$0.22 |
$0.27 |
$1.10 |
$1.01 |
$6.94 |
$10.43 |
$6.94 |
$8.66 |
$34.31 |
$32.39 |
|||||||||||
| Shares used in computing EPS-Diluted (In thousands) |
78,384 |
78,230 |
78,384 |
79,541 |
79,464 |
80,021 |
78,384 |
78,230 |
78,384 |
79,541 |
79,464 |
80,021 |
|||||||||||
| UNAUDITED CONSOLIDATED BALANCE SHEETS As of DECEMBER 31, 2025 and 2024 |
USD in Thousands | NTD in Thousands | |||||||||
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|||||
|
2025 |
2024 |
2025 |
2024 |
||||||||
| Current assets | |||||||||||
| Cash & cash equivalents |
346,787 |
|
321,193 |
|
10,899,523 |
|
10,531,902 |
|
|||
| Accounts receivable, net |
59,106 |
|
47,711 |
|
1,857,706 |
|
1,564,455 |
|
|||
| Inventories, net |
115,250 |
|
121,460 |
|
3,622,307 |
|
3,982,669 |
|
|||
| Other current assets |
18,753 |
|
19,645 |
|
589,403 |
|
644,156 |
|
|||
| Total current assets |
539,896 |
|
510,009 |
|
16,968,939 |
|
16,723,182 |
|
|||
| Non-current assets | |||||||||||
| Property, plant and equipment, net |
9,480 |
|
10,628 |
|
297,959 |
|
348,491 |
|
|||
| Right-of-use assets |
12,462 |
|
9,853 |
|
391,665 |
|
323,076 |
|
|||
| Intangible assets |
114,918 |
|
103,238 |
|
3,611,872 |
|
3,385,159 |
|
|||
| Deferred income tax assets |
10,374 |
|
12,070 |
|
326,041 |
|
395,788 |
|
|||
| Other non-current assets |
138,708 |
|
153,367 |
|
4,359,610 |
|
5,028,915 |
|
|||
| Total non-current assets |
285,942 |
|
289,156 |
|
8,987,147 |
|
9,481,429 |
|
|||
| Total Assets |
825,838 |
|
799,165 |
|
25,956,086 |
|
26,204,611 |
|
|||
| Current Liabilities | |||||||||||
| Accounts payable |
39,461 |
|
40,288 |
|
1,240,250 |
|
1,321,038 |
|
|||
| Other payables |
49,976 |
|
50,564 |
|
1,579,935 |
|
1,641,273 |
|
|||
| Current income tax liabilities |
12,630 |
|
11,120 |
|
396,959 |
|
364,626 |
|
|||
| Lease liabilities – current |
4,350 |
|
3,830 |
|
136,733 |
|
125,574 |
|
|||
| Other current liabilities |
8,518 |
|
5,900 |
|
267,733 |
|
193,449 |
|
|||
| Total current liabilities |
114,935 |
|
111,702 |
|
3,621,610 |
|
3,645,960 |
|
|||
| Non-current Liabilities | |||||||||||
| Lease liabilities – non-current |
8,111 |
|
6,023 |
|
254,932 |
|
197,502 |
|
|||
| Total non-current liabilities |
8,111 |
|
6,023 |
|
254,932 |
|
197,502 |
|
|||
| Equity | |||||||||||
| Ordinary shares |
26,388 |
|
26,730 |
|
800,578 |
|
811,601 |
|
|||
| Capital reserves |
112,239 |
|
135,718 |
|
3,409,213 |
|
4,169,642 |
|
|||
| Retained earnings |
612,930 |
|
570,028 |
|
18,316,928 |
|
16,999,192 |
|
|||
| Other equity |
(2,246 |
) |
(4,189 |
) |
1,067,030 |
|
1,892,540 |
|
|||
| Treasury shares |
(46,519 |
) |
(46,847 |
) |
(1,514,205 |
) |
(1,511,826 |
) |
|||
| Total equity |
702,792 |
|
681,440 |
|
22,079,544 |
|
22,361,149 |
|
|||
| Total liabilities and equity |
825,838 |
|
799,165 |
|
25,956,086 |
|
26,204,611 |
|
|||
| UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2025 and 2024 |
USD in Thousands | NTD in Thousands | |||||||||
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|
Dec 31, |
|||||
|
2025 |
2024 |
2025 |
2024 |
||||||||
| Cash flows from operating activities | |||||||||||
| Income before income tax for the year |
95,969 |
|
87,355 |
|
2,982,394 |
|
2,807,161 |
|
|||
| Depreciation and amortization (including the right-of-use assets) |
24,792 |
|
22,087 |
|
773,025 |
|
709,198 |
|
|||
| Loss on disposal of equipment |
– |
|
23 |
|
– |
|
736 |
|
|||
| Loss on disposal of intangible assets |
– |
|
356 |
|
– |
|
11,444 |
|
|||
| Share-based compensation cost |
18,620 |
|
28,617 |
|
580,119 |
|
908,244 |
|
|||
| Interest income |
(8,973 |
) |
(10,851 |
) |
(279,202 |
) |
(348,613 |
) |
|||
| Income and expenses having no effect on cash flows |
34,439 |
|
40,232 |
|
1,073,942 |
|
1,281,009 |
|
|||
| Accounts receivable |
(11,395 |
) |
6,392 |
|
(358,139 |
) |
209,591 |
|
|||
| Inventories |
6,210 |
|
1,425 |
|
195,177 |
|
46,723 |
|
|||
| Other current assets |
(18,401 |
) |
(26,278 |
) |
(567,968 |
) |
(809,135 |
) |
|||
| Net changes in assets relating to operating activities |
(23,586 |
) |
(18,461 |
) |
(730,930 |
) |
(552,821 |
) |
|||
| Accounts payable |
(827 |
) |
(10,739 |
) |
(25,996 |
) |
(352,146 |
) |
|||
| Accrued expenses |
(4,182 |
) |
631 |
|
(131,441 |
) |
20,691 |
|
|||
| Other current liabilities |
2,619 |
|
(1,182 |
) |
82,307 |
|
(38,749 |
) |
|||
| Net changes in liabilities relating to operating activities |
(2,390 |
) |
(11,290 |
) |
(75,130 |
) |
(370,204 |
) |
|||
| Cash inflow generated from operations |
104,432 |
|
97,836 |
|
3,250,276 |
|
3,165,145 |
|
|||
| Interest received |
8,973 |
|
10,851 |
|
279,202 |
|
348,613 |
|
|||
| Income taxes paid |
(5,577 |
) |
(6,101 |
) |
(173,904 |
) |
(195,899 |
) |
|||
| Net cash provided by operating activities |
107,828 |
|
102,586 |
|
3,355,574 |
|
3,317,859 |
|
|||
| Cash flows from investing activities | |||||||||||
| Acquisition of equipment |
(4,462 |
) |
(4,362 |
) |
(139,135 |
) |
(140,059 |
) |
|||
| Acquisition of intangible assets |
(145 |
) |
(377 |
) |
(4,519 |
) |
(12,106 |
) |
|||
| Decrease in refundable deposits |
4,067 |
|
4,544 |
|
127,833 |
|
148,979 |
|
|||
| Increase in other prepayments |
(9,791 |
) |
(18,769 |
) |
(305,278 |
) |
(602,670 |
) |
|||
| Acquisition of business combinations |
(9,000 |
) |
– |
|
(292,410 |
) |
– |
|
|||
| Net cash flows used in investing activities |
(19,331 |
) |
(18,964 |
) |
(613,509 |
) |
(605,856 |
) |
|||
| Cash flows from financing activities | |||||||||||
| Repayment of the principal portion of lease liabilities |
(4,211 |
) |
(4,023 |
) |
(131,303 |
) |
(129,164 |
) |
|||
| Purchase of treasury shares |
(45,790 |
) |
(28,581 |
) |
(1,497,643 |
) |
(926,309 |
) |
|||
| Treasury shares reissued to employees |
23,576 |
|
26,395 |
|
757,965 |
|
807,932 |
|
|||
| Distribution of cash dividends |
(40,339 |
) |
(32,487 |
) |
(1,294,697 |
) |
(1,015,560 |
) |
|||
| Cash dividend regain from canceled share-based compensation |
83 |
|
66 |
|
2,562 |
|
2,072 |
|
|||
| Net cash flows used in financing activities |
(66,681 |
) |
(38,630 |
) |
(2,163,116 |
) |
(1,261,029 |
) |
|||
| Effect of exchange rate changes |
3,778 |
|
(178 |
) |
(211,328 |
) |
593,327 |
|
|||
| Net increase in cash and cash equivalents |
25,594 |
|
44,814 |
|
367,621 |
|
2,044,301 |
|
|||
| Cash and cash equivalents at beginning of year |
321,193 |
|
276,379 |
|
10,531,902 |
|
8,487,601 |
|
|||
| Cash and cash equivalents at end of year |
346,787 |
|
321,193 |
|
10,899,523 |
|
10,531,902 |
|
|||
Contacts
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
[email protected]
