All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
12 warning events since 2017; the latest 2026-07-24.
From the record
Peraso Inc.'s filings since 2017 show 12 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 11 times, the latest 2026-07-24); an auditor change (8-K item 4.01, the latest 2020-05-15) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+21% a year over 5 filed years; profitable in 0 of 5.
From the record
Peraso Inc.'s 5 filed years say what it did: revenue went from $6 million in fiscal 2021 to $12 million in fiscal 2025, up 21% a year; it rose in 2 of 4 years; the deepest fall was 18% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 5 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 0.5/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Peraso Inc.'s shareholder treatment is put at 0.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 5% of 94 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -103%: lost 103¢ per shareholder dollar. Leverage 24%: owes 24¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Peraso Inc. lost about 103 cents for every dollar of shareholders' money, and gross profitability: its products earned about 116 cents per dollar of everything the company owns. Leverage: it owed about 24 cents per dollar of assets, and net share issuance: its share count grew 135.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 22% of 97 in its family; net margin -39%.
From the record
Peraso Inc.'s standing among 97 graded names in its industry family: revenue of $12 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of -39% ranks in the bottom 23%; revenue growth of -6.4% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 1.3/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Peraso Inc.'s leadership is put at 1.3 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 13% of 79 in its family; the record of its people begins on 2021-12-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.9 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
top 33% of 94 in its family for room to expand.
From the record
Peraso Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against no long-term debt tagged leaves 47.5% of its assets as net cash, top 11% of its family; cash from operations less capital spending is -46.9% of revenue (bottom 16%); a gross margin of 58% (top 18%); research spending of 51.2% of revenue (top 20%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 20% of 93 in its family for growth drivers.
From the record
Peraso Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.4% a year over the last three filed years against 21% over all 5, slowing (bottom 11% of its family); the newest year grew -16.3% (bottom 10%); research spending grew -31.9% a year (bottom 4%); capital spending grew 10.8% a year (top 47%) (its annual reports). Peraso Inc. reported 5 product lines in fiscal 2025: Mm Wave I Cs at $7 million (55%), Memory I Cs at $3 million (22%), Mm Wave Modules at $2 million (19%), and 2 more; 4 of 5 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 39% of 88 in its family for expectations against reality.
From the record
Peraso Inc.'s newest year against its own record: revenue of $12 million in fiscal 2025 came in 15.5% below the $14 million its prior three years' pace pointed to (bottom 12% of its family); net income of $5 million against a prior three-year average of $20 million (top 22%); a net margin of -39% against losses larger than its revenue before (top 6%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made