PDF Solutions, Inc. (PDFS)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P SmallCap 600

$37.61

+3.09 (+8.95%)

Close of Nov 06, 2026 · end-of-day data

Source: PDF Solutions, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$107.46M	$101.87M	$85.79M	$85.58M	$88.05M	$111.06M	$148.55M	$165.84M	$179.47M	$219.02M
Cost of revenue	$44.45M	$47.52M	$42.80M	$33.47M	$36.77M	$44.19M	$47.91M	$51.75M	$54.14M	$60.62M
Gross profit	$63.01M	$54.35M	$42.99M	$52.11M	$51.28M	$66.87M	$100.64M	$114.09M	$125.32M	$158.40M
Research & development	$27.56M	$30.08M	$28.00M	$32.75M	$34.65M	$43.78M	$56.13M	$50.74M	$53.57M	$64.23M
Selling, general & admin	$22.06M	$23.68M	$23.93M	$26.30M	$32.68M	$37.65M	$45.34M	$62.22M	$69.92M	$84.74M
Operating income	$12.97M	$190.00K	-$9.95M	—	—	—	—	-$151.00K	$935.00K	$5.85M
Interest expense	—	—	—	—	—	—	—	$0	$0	$3.96M
Pre-tax income	$12.96M	-$74.00K	-$9.46M	-$7.36M	-$18.06M	-$18.32M	$470.00K	$4.87M	$6.58M	$3.20M
Income tax	$3.85M	$1.26M	-$1.74M	-$1.94M	$22.30M	$3.17M	$3.90M	$1.76M	$2.52M	$3.84M
Net income	$9.10M	-$1.34M	-$7.72M	-$5.42M	-$40.36M	-$21.49M	-$3.43M	$3.10M	$4.06M	-$640.00K
EBITDA	$16.55M	$4.98M	-$4.99M	—	—	—	—	$4.83M	$4.56M	$9.93M
EPS (basic)	$0.29	$-0.04	$-0.24	$-0.17	$-1.17	$-0.58	$-0.09	$0.08	$0.11	$-0.02
EPS (diluted)	$0.28	$-0.04	$-0.24	$-0.17	$-1.17	$-0.58	$-0.09	$0.08	$0.10	$-0.02
Diluted shares	32.43M	32.04M	32.17M	32.41M	34.46M	37.14M	37.31M	38.94M	39.05M	39.32M
Gross margin	58.6%	53.4%	50.1%	60.9%	58.2%	60.2%	67.8%	68.8%	69.8%	72.3%
Operating margin	12.1%	0.2%	-11.6%	—	—	—	—	-0.1%	0.5%	2.7%
Net margin	8.5%	-1.3%	-9.0%	-6.3%	-45.8%	-19.3%	-2.3%	1.9%	2.3%	-0.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$116.79M	$101.27M	$96.09M	$97.61M	$30.32M	$27.68M	$119.62M	$98.98M	$90.59M	$42.22M
Short-term investments	—	—	—	$0	$114.98M	$112.54M	$19.56M	$36.54M	$24.29M	$0
Receivables	$48.16M	$57.56M	$51.57M	$40.65M	$34.14M	$40.09M	$42.16M	$44.90M	$73.65M	$82.94M
Total current assets	$170.28M	$163.90M	$157.22M	$147.58M	$193.38M	$188.51M	$193.41M	$197.85M	$205.98M	$163.89M
Goodwill	$215.00K	$1.92M	$2.29M	$2.29M	$15.77M	$14.12M	$14.12M	$15.03M	$14.95M	$95.00M
Total assets	$222.33M	$224.18M	$225.91M	$239.54M	$287.58M	$273.77M	$278.67M	$290.14M	$315.29M	$418.70M
Total current liabilities	$18.52M	$19.64M	$19.53M	$28.00M	$42.20M	$43.83M	$58.20M	$50.84M	$60.54M	$71.89M
Short-term debt	—	—	—	—	—	—	—	—	$0	$2.24M
Long-term debt	—	—	—	—	—	—	—	—	$0	$64.76M
Total debt	—	—	—	—	—	—	—	—	$0	$67.00M
Total liabilities	$23.53M	$25.81M	$26.11M	$43.39M	$53.07M	$54.18M	$68.66M	$61.19M	$69.25M	$147.68M
Shareholders' equity	$198.80M	$198.37M	$199.79M	$196.16M	$234.51M	$219.59M	$210.01M	$228.95M	$246.04M	$271.02M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$2.00M	$10.54M	$13.34M	$24.59M	$21.78M	$4.24M	$32.30M	$14.60M	$9.70M	$24.05M
Capital expenditures	$11.28M	$10.26M	$13.12M	$10.55M	$6.00M	$3.67M	$8.41M	$11.24M	$17.16M	$32.63M
Free cash flow	-$9.28M	$290.00K	$222.00K	$14.04M	$15.78M	$571.00K	$23.89M	$3.36M	-$7.45M	-$8.58M
Investing cash flow	-$11.28M	-$14.10M	-$13.12M	-$13.21M	-$150.50M	-$4.67M	$84.60M	-$28.99M	-$5.94M	-$137.36M
Financing cash flow	$30.00K	-$12.22M	-$5.20M	-$9.84M	$64.80M	-$5.53M	-$24.31M	-$5.89M	-$11.23M	$64.56M
Share buybacks	$2.18M	$13.42M	$5.25M	$9.64M	$0	$4.52M	$22.47M	$743.00K	$6.90M	$244.00K
Stock-based compensation	$11.00M	$11.81M	$10.29M	$11.42M	$12.46M	$12.93M	$19.65M	$21.48M	$25.05M	$25.93M
Depreciation & amortization	$3.58M	$4.79M	$4.97M	$6.03M	$6.72M	$6.22M	$5.53M	$4.99M	$3.63M	$4.08M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$41.12M	$41.31M	$41.66M	$46.41M	$50.09M	$47.78M	$51.73M	$57.12M	$62.40M	$60.13M	$61.53M	$68.33M
Cost of revenue	$13.19M	$13.53M	$12.23M	$12.48M	$15.90M	$12.96M	$14.89M	$15.84M	$16.94M	$16.94M	$19.11M	$18.59M
Gross profit	$27.93M	$27.78M	$29.43M	$33.92M	$34.18M	$34.82M	$36.84M	$41.27M	$45.46M	$43.19M	$42.42M	$49.74M
Research & development	$12.31M	$12.98M	$12.65M	$13.52M	$14.42M	$14.63M	$14.91M	$15.44M	$19.26M	$18.33M	$17.32M	$19.45M
Selling, general & admin	$16.19M	$16.50M	$16.26M	$18.09M	$19.07M	$23.37M	$19.74M	$19.94M	$21.68M	$17.49M	$18.98M	$20.97M
Operating income	—	-$1.96M	$264.00K	$2.12M	$512.00K	-$3.56M	$1.12M	$4.83M	$3.46M	$6.31M	$5.06M	$8.29M
Interest expense	—	—	$0	$0	$0	$311.00K	$1.24M	$1.24M	$1.16M	$1.09M	$1.11M	$1.12M
Pre-tax income	$143.00K	-$268.00K	$1.74M	$3.63M	$1.47M	-$3.00M	$71.00K	$3.49M	$2.64M	$5.82M	$4.62M	$8.35M
Income tax	-$744.00K	$125.00K	$38.00K	$1.42M	$935.00K	$36.00K	-$1.07M	$2.19M	$2.69M	$1.02M	$353.00K	$1.51M
Net income	$887.00K	-$393.00K	$1.71M	$2.21M	$539.00K	-$3.03M	$1.15M	$1.29M	-$48.00K	$4.79M	$4.27M	$6.84M
EBITDA	—	-$896.00K	$1.33M	$2.88M	$1.25M	-$2.87M	$1.92M	$5.97M	$4.91M	$7.87M	$7.21M	$10.51M
EPS (basic)	$0.02	$-0.01	$0.04	$0.06	$0.02	$-0.08	$0.03	$0.03	$0.00	$0.12	$0.10	$0.16
EPS (diluted)	$0.02	$-0.01	$0.04	$0.06	$0.01	$-0.08	$0.03	$0.03	$0.00	$0.12	$0.10	$0.16
Diluted shares	-40.00K	38.50M	39.13M	39.10M	19.00K	39.09M	39.26M	39.62M	70.00K	40.38M	41.78M	42.98M
Gross margin	67.9%	67.3%	70.6%	73.1%	68.3%	72.9%	71.2%	72.3%	72.9%	71.8%	68.9%	72.8%
Operating margin	—	-4.7%	0.6%	4.6%	1.0%	-7.4%	2.2%	8.5%	5.5%	10.5%	8.2%	12.1%
Net margin	2.2%	-1.0%	4.1%	4.8%	1.1%	-6.3%	2.2%	2.3%	-0.1%	8.0%	6.9%	10.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$98.98M	$85.26M	$91.99M	$96.43M	$90.59M	$43.73M	$37.41M	$35.88M	$42.22M	$31.15M	$114.88M	$107.13M
Short-term investments	$36.54M	$37.63M	$25.89M	$23.72M	$24.29M	$10.41M	$2.99M	$0	$0	—	—	—
Receivables	$44.90M	$47.27M	$56.41M	$46.67M	$73.65M	$63.68M	$69.26M	$74.95M	$82.94M	$96.02M	$90.58M	$96.87M
Total current assets	$197.85M	$187.32M	$193.29M	$191.40M	$205.98M	$140.62M	$134.79M	$146.12M	$163.89M	$175.64M	$252.61M	$257.19M
Goodwill	$15.03M	$14.95M	$14.95M	$15.01M	$14.95M	$96.64M	$96.80M	$96.78M	$95.00M	$95.01M	$94.99M	$94.99M
Total assets	$290.14M	$286.82M	$298.00M	$307.35M	$315.29M	$389.97M	$391.13M	$406.40M	$418.70M	$430.56M	$519.18M	$540.96M
Total current liabilities	$50.84M	$51.80M	$55.46M	$57.73M	$60.54M	$64.30M	$56.96M	$66.08M	$71.89M	$74.97M	$73.28M	$78.11M
Short-term debt	—	—	—	—	$0	$2.24M	$2.24M	$2.24M	$2.24M	$2.24M	$2.86M	$2.24M
Long-term debt	—	—	—	—	$0	$66.42M	$65.88M	$65.32M	$64.76M	$64.21M	$63.66M	$63.10M
Total debt	—	—	—	—	$0	$68.66M	$68.12M	$67.56M	$67.00M	$66.45M	$66.52M	$65.33M
Total liabilities	$61.19M	$61.41M	$65.85M	$66.89M	$69.25M	$140.99M	$133.61M	$142.02M	$147.68M	$150.10M	$146.68M	$157.95M
Shareholders' equity	$228.95M	$225.41M	$232.15M	$240.46M	$246.04M	$248.98M	$257.52M	$264.38M	$271.02M	$280.46M	$372.50M	$383.01M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$2.03M	-$1.86M	$684.00K	$9.28M	$1.61M	$8.64M	-$5.21M	$3.29M	$17.34M	$1.67M	$16.40M	$13.76M
Capital expenditures	$2.66M	$2.02M	$5.32M	$4.17M	$5.64M	$8.11M	$8.55M	$6.19M	$9.79M	$10.47M	$14.05M	$14.88M
Free cash flow	-$633.00K	-$3.88M	-$4.64M	$5.10M	-$4.03M	$535.00K	-$13.76M	-$2.90M	$7.55M	-$8.80M	$2.35M	-$1.12M
Investing cash flow	-$14.76M	-$2.64M	$6.83M	-$4.00M	-$6.12M	-$123.86M	-$385.00K	-$3.32M	-$9.79M	-$10.50M	-$14.08M	-$15.07M
Financing cash flow	-$313.00K	-$8.75M	-$401.00K	-$1.75M	-$325.00K	$67.96M	-$1.31M	-$1.19M	-$890.00K	-$2.15M	$81.34M	-$6.61M
Share buybacks	$0	$6.90M	$0	$0	$0	—	—	$244.00K	$0	—	—	—
Stock-based compensation	$5.92M	$6.11M	$5.70M	$6.73M	$6.51M	$6.60M	$6.20M	$6.26M	$6.87M	$6.40M	$6.00M	$8.47M
Depreciation & amortization	$1.21M	$1.06M	$1.06M	$766.00K	$733.00K	$685.00K	$804.00K	$1.15M	$1.45M	$1.56M	$2.14M	$2.22M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.