Every material Form 8-K PDF Solutions filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PDF Solutions reported third quarter 2025 results on November 6, 2025, with total revenue of $57.1 million, up 23% from $46.4 million a year earlier. GAAP net income fell to $1.3 million, or $0.03 per diluted share, from $2.2 million, or $0.06, in the third quarter of 2024, while non-GAAP diluted EPS was flat at $0.25. CEO John Kibarian said the company reaffirmed its prior 21-23% annual revenue growth guidance for 2025.
Q3 2025 revenue of $57.1 million, up 23% from Q3 2024 and up from $51.7 million in Q2 2025
GAAP net income of $1.3 million, or $0.03 per diluted share, versus $2.2 million, or $0.06, a year earlier
Non-GAAP diluted EPS of $0.25, unchanged from Q3 2024; ending backlog of $292.0 million
Management reaffirmed 21-23% annual revenue growth guidance for 2025
PDF Solutions reported second-quarter 2025 revenue of $51.7 million, up 24% from a year earlier and up from $47.8 million in the first quarter, and reaffirmed its 21-23% annual revenue growth guidance for 2025. GAAP net income was $1.1 million, or $0.03 per diluted share, down from $1.7 million in the second quarter of 2024 but a swing from a loss in the first quarter of 2025, so shareholders see strong top-line growth alongside lower year-over-year GAAP profit.
Q2 2025 total revenues were $51.7 million, up from $41.7 million in Q2 2024 and $47.8 million in Q1 2025.
GAAP net income was $1.1 million, or $0.03 per diluted share, versus $1.7 million ($0.04) in Q2 2024 and a net loss of $3.0 million in Q1 2025.
Non-GAAP diluted EPS was $0.19, compared with $0.18 in Q2 2024 and $0.21 in Q1 2025.
Management reaffirmed 21-23% annual revenue growth guidance for 2025; operating cash flow was negative $5.2 million in Q2 2025.
PDF Solutions reported first-quarter 2025 total revenue of $47.8 million, up 16% from a year earlier, and reaffirmed its 21-23% annual revenue growth guidance for 2025. The company posted a GAAP net loss of $3.0 million, or $(0.08) per diluted share, compared with a $0.4 million loss a year earlier, while non-GAAP diluted EPS rose to $0.21 from $0.15.
Total revenues of $47.8 million, up 16% from $41.3 million in Q1 2024 and down from $50.1 million in Q4 2024.
GAAP net loss of $3.0 million, or $(0.08) per diluted share, versus a net loss of $0.4 million, or $(0.01), in Q1 2024.
Non-GAAP net income of $8.1 million, or $0.21 per diluted share, versus $5.7 million, or $0.15, in Q1 2024.
Reaffirmed 21-23% annual revenue growth guidance; acquired SecureWise LLC in March 2025 with $70.0 million of new bank debt and cash on hand.
PDF Solutions completed its acquisition of the secureWISE business from Telit IOT Solutions on March 7, 2025, for a cash purchase price of $130 million, subject to customary adjustments. The company financed the deal with cash on hand and borrowings under a new credit agreement with Wells Fargo as administrative agent, which includes a $45 million revolving credit facility and a $25 million term loan. The new debt adds borrowing obligations and covenants that shareholders should weigh against the acquisition.
Acquisition of secureWISE business from Telit IOT Solutions closed March 7, 2025, for $130,000,000 in cash
Credit agreement with Wells Fargo Bank, National Association provides a $45 million revolving credit facility and a $25 million term loan
SOFR-based borrowing margins range from 2.00% to 2.75%, based on the consolidated total net leverage ratio
Covenants require a consolidated total net leverage ratio of no more than 3.00 to 1.00 and a fixed charge coverage ratio of at least 1.25 to 1.00
PDF Solutions entered an Equity Purchase Agreement on February 19, 2025 to acquire the secureWISE business from Telit IOT Solutions for a cash price of $130 million, subject to customary adjustments. The deal is expected to close in the first calendar quarter of 2025 and is partly funded by a $70 million debt commitment from Wells Fargo, which the filing says is not a financing contingency for the purchase.
Cash purchase price of $130,000,000, subject to adjustments for debt, transaction expenses, cash and working capital
Debt commitment from Wells Fargo: $45 million revolving credit facility and $25 million term loan
Either party may terminate if closing has not occurred by March 12, 2025; Company may owe a $6.5 million reverse termination fee in certain cases
Expected to close during the first calendar quarter of 2025; Board approved the transaction
PDF Solutions reported record fourth-quarter and full-year 2024 total revenues of $50.1 million and $179.5 million, up 22% and 8% respectively. The company said it expects full-year 2025 revenues to grow at a rate approaching 15%, while GAAP net income for the quarter fell to $0.5 million from $0.9 million a year earlier.
Q4 2024 total revenues were $50.1 million, up 22% from the fourth quarter of 2023, with GAAP diluted EPS of $0.01 versus $0.02 a year earlier.
Non-GAAP diluted EPS for Q4 2024 was $0.25, compared with $0.15 in Q4 2023.
Full-year 2024 revenues were $179.5 million, up 8%, and GAAP diluted EPS was $0.10 versus $0.08 in 2023.
CEO John Kibarian said the company expects 2025 full-year revenues to grow at a rate approaching 15% year over year.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every PDF Solutions filing is on SEC EDGAR ↗. 8-K briefs of other companies →