Perfect Corp. Class A (PERF)
NYSE:PERF
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Perfect Corp
(NYSE:PERF)
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Rating:68Neutral
Price Target:
$2.00
▲(15.61% Upside)
Action:ReiteratedDate:03/19/26
The score is driven primarily by solid financial quality (strong margins, consistent free cash flow, and very low leverage). This is tempered by mixed technical signals (below the 200-day average and slightly negative MACD) and a relatively high P/E without a dividend to support valuation.
Positive Factors
High Gross Margins
Very high gross margins indicate durable product-level pricing power and low incremental costs for scaled usage of AI/AR software. This margin profile supports long-term investment in R&D and product improvements, helping sustain competitive differentiation even if revenue growth softens.
Negative Factors
Slowing Revenue Growth
Decelerating top-line expansion to low-single digits reduces the leverage of fixed costs and limits long-term margin expansion. If growth remains muted, the company must rely on deeper enterprise penetration or new verticals to sustain returns, making operational execution more critical.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Very high gross margins indicate durable product-level pricing power and low incremental costs for scaled usage of AI/AR software. This margin profile supports long-term investment in R&D and product improvements, helping sustain competitive differentiation even if revenue growth softens.
Read all positive factors
Perfect Corp (PERF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$168.05M
Dividend YieldN/A
Average Volume (3M)323.20K
Price to Earnings (P/E)36.2
Beta (1Y)1.02
Revenue Growth14.47%
EPS Growth11.29%
CountryUS
Employees342
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.01
Shares Outstanding85,059,950
10 Day Avg. Volume122,553
30 Day Avg. Volume323,205
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.10
Price to Sales (P/S)2.43
P/FCF Ratio13.05
Enterprise Value/Market Cap0.26
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit0.80
Enterprise Value/Ebitda6.35
Forecast
1Y Price Target
$3.48Price Target Upside101.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.07
Revenue Forecast (FY)$76.57M
Perfect Corp Business Overview & Revenue Model
Company Description
Perfect Corp. provides SaaS artificial intelligence and augmented reality beauty and fashion tech business solutions. The company offers AR makeup virtual try-on, YouCam tutorial, AI foundation shade finder and matcher, AI virtual background chang...
How the Company Makes Money
Perfect Corp primarily makes money by licensing its AI/AR software to businesses (e.g., beauty and fashion brands, retailers, and e-commerce platforms) that integrate virtual try-on and related capabilities into their websites, apps, and digital m...
Perfect Corp Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue and net income growth, successful integration of the WANNA acquisition, and a solid financial position. However, challenges included a decrease in key customers and mobile app subscribers amid macroeconomic conditions. Overall, the positive financial performance and strategic advancements offset the challenges faced.Positive Updates
Strong Revenue Growth
Total revenue grew by 12.1% year-over-year to $16 million, in line with revenue guidance for 2025.
Negative Updates
Decrease in Key Customers
The number of key customers decreased from 151 to 148 due to contract churn amid financial challenges in the macroeconomic environment.
Read all updates
Q1-2025 Updates
Positive
Negative
Strong Revenue Growth
Total revenue grew by 12.1% year-over-year to $16 million, in line with revenue guidance for 2025.
Read all positive updates
Company Guidance
During Perfect Corp.'s first quarter 2025 earnings call, CEO Alice Chang highlighted several key financial metrics and strategic initiatives. The company reported a 12.1% year-over-year revenue increase to $16 million, with a significant net income jump of 264% to $2.3 million. Adjusted net income rose by 33.3% to $2 million. The mobile app subscription business, particularly in the AI/AR cloud solutions sector, was a major growth driver, contributing to an operating cash flow of $4.3 million and maintaining a robust balance sheet with $164.6 million in cash and cash equivalents. The B2C segment saw a 7.9% increase in active paying subscribers, totaling 973,000, while the B2B segment expanded to 801 brand clients with over 891,000 SKUs. Strategic developments included the launch of the YouCam AI Chat app and the integration of the newly acquired WANNA team, enhancing their market position, especially in the shoes vertical. The company's growth strategy remains focused on expanding the Generative AI functions and driving higher premium subscriptions, while also integrating new acquisitions to bolster their presence in the beauty and fashion markets.Perfect Corp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.15M | 60.20M | 53.51M | 47.30M | 40.76M |
| Gross Profit | 53.52M | 46.94M | 43.10M | 40.17M | 35.02M |
| EBITDA | 1.25M | -2.05M | 6.26M | -160.68M | -155.78M |
| Net Income | 4.64M | 5.02M | 5.42M | -161.74M | -156.85M |
Balance Sheet | |||||
| Total Assets | 191.97M | 181.17M | 170.36M | 210.27M | 88.90M |
| Cash, Cash Equivalents and Short-Term Investments | 162.28M | 165.87M | 154.17M | 192.62M | 80.45M |
| Total Debt | 922.00K | 510.00K | 868.00K | 338.00K | 638.00K |
| Total Liabilities | 38.88M | 34.16M | 30.96M | 28.31M | 279.35M |
| Stockholders Equity | 153.09M | 147.01M | 139.41M | 181.96M | -190.44M |
Cash Flow | |||||
| Free Cash Flow | 12.88M | 12.61M | 13.26M | -3.56M | 1.39M |
| Operating Cash Flow | 13.30M | 13.00M | 13.58M | -3.31M | 1.55M |
| Investing Cash Flow | -14.06M | -8.88M | -637.00K | -30.26M | -213.00K |
| Financing Cash Flow | -562.00K | -525.00K | -51.50M | 118.03M | -63.00K |
Perfect Corp Technical Analysis
Neutral
1.73
Price Trends
1.52
Positive
1.64
Positive
1.85
Negative
Market Momentum
0.05
Negative
54.94
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PERF, the sentiment is Neutral. The current price of 1.73 is above the 20-day moving average (MA) of 1.59, above the 50-day MA of 1.52, and below the 200-day MA of 1.85, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 54.94 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PERF.
Perfect Corp Risk Analysis
Perfect Corp disclosed 97 risk factors in its most recent earnings report. Perfect Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Perfect Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $168.05M | 36.20 | 3.06% | ― | 14.47% | 11.29% | |
66 Neutral | $348.25M | -11.71 | -19.64% | ― | -6.23% | 28.57% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $112.55M | 44.82 | 3.65% | ― | 0.59% | ― | |
49 Neutral | $77.21M | -6.51 | -16.00% | ― | 4.71% | 11.12% | |
48 Neutral | $84.85M | -10.87 | -12.81% | ― | -1.83% | -642.89% |
* Technology Sector Average
PERF
Perfect Corp
1.65
-0.01
-0.60%
SSTI
SoundThinking Inc
6.55
-8.64
-56.88%
MAPS
WM Technology
0.71
-0.30
-30.00%
ONTF
ON24
8.10
3.49
75.70%
EXFY
Expensify
0.83
-1.76
-67.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.