PDFS

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PDF Solutions, Inc.

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Key Metrics

Previous Close: $45.22
52-Week Range: $18.93 – $71.69
Market Cap: $1.89B
P/E (TTM): 179.24
EPS (TTM): 0.25
Dividend Yield: —

Advanced Metrics

Price/Book: 6.38
PEG Ratio: 4.19
Return on Equity: 3.27%
Return on Assets: 3.32%
Gross Margin: 71.46%
Operating Margin: 8.23%
Profit Margin: 4.27%
Current Ratio: 3.45
Debt/Equity: 0.19
Total Debt: $71.56M
Free Cash Flow: $-13.26M
Revenue Growth: 18.90%
Earnings Growth: 241.60%
Enterprise Value: $1.87B

PDFS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$148.55M	$165.84M	$179.47M	$219.02M
Cost of Revenue	$47.91M	$51.75M	$54.14M	$60.62M
Gross Profit	$100.64M	$114.09M	$125.32M	$158.40M
Research & Development	$56.13M	$50.74M	$53.57M	$64.23M
Selling, General & Admin	$45.34M	$62.22M	$69.92M	$84.74M
Operating Expenses	$102.73M	$114.24M	$124.39M	$152.55M
Operating Income	-$2.09M	-$151.00K	$935.00K	$5.85M
EBITDA	$6.92M	$13.41M	$13.44M	$18.50M
Pretax Income	$470.00K	$4.87M	$6.58M	$3.20M
Income Tax	$3.90M	$1.76M	$2.52M	$3.84M
Net Income	-$3.43M	$3.10M	$4.06M	-$640.00K
Diluted EPS	-0.09	0.08	0.10	-0.02
Diluted Shares	37.31M	38.94M	39.05M	39.32M

PDFS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$119.62M	$98.98M	$90.59M	$42.22M
Receivables	$42.16M	$44.90M	$73.65M	$82.94M
Current Assets	$193.41M	$197.85M	$205.98M	$163.89M
Total Assets	$278.67M	$290.14M	$315.29M	$418.70M
Current Liabilities	$58.20M	$50.84M	$60.54M	$71.89M
Long-Term Debt	—	—	—	$64.76M
Total Debt	$7.34M	$6.19M	$5.18M	$72.82M
Total Liabilities	$68.66M	$61.19M	$69.25M	$147.68M
Retained Earnings	-$101.15M	-$98.05M	-$93.99M	-$94.63M
Shareholders' Equity	$210.01M	$228.95M	$246.04M	$271.02M
Working Capital	$135.21M	$147.00M	$145.44M	$92.00M
Net Debt	—	—	—	$24.78M

PDFS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$32.30M	$14.60M	$9.70M	$24.05M
Capital Expenditure	-$8.58M	-$11.47M	-$17.79M	-$32.84M
Free Cash Flow	$23.72M	$3.13M	-$8.08M	-$8.79M
Depreciation & Amortisation	$9.01M	$8.54M	$6.86M	$11.34M
Stock-Based Compensation	$19.65M	$21.48M	$25.05M	$25.93M
Investing Cash Flow	$84.60M	-$28.99M	-$5.94M	-$137.36M
Financing Cash Flow	-$24.31M	-$5.89M	-$11.23M	$64.56M
Share Repurchases	-$22.47M	-$743.00K	-$6.90M	-$244.00K
Net Change in Cash	$92.59M	-$20.28M	-$7.47M	-$48.74M

PDFS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$47.78M	$51.73M	$57.12M	$62.40M	$60.13M
Cost of Revenue	$12.96M	$14.89M	$15.84M	$16.94M	$16.94M
Gross Profit	$34.82M	$36.84M	$41.27M	$45.46M	$43.19M
Research & Development	$14.63M	$14.91M	$15.44M	$19.26M	$18.33M
Selling, General & Admin	$23.37M	$19.74M	$19.94M	$21.68M	$17.49M
Operating Expenses	$38.38M	$35.73M	$36.45M	$42.00M	$36.88M
Operating Income	-$3.56M	$1.12M	$4.83M	$3.46M	$6.31M
EBITDA	-$944.00K	$4.18M	$7.94M	$7.32M	$10.52M
Pretax Income	-$3.00M	$71.00K	$3.49M	$2.64M	$5.82M
Income Tax	$36.00K	-$1.07M	$2.19M	$2.69M	$1.02M
Net Income	-$3.03M	$1.15M	$1.29M	-$48.00K	$4.79M
Diluted EPS	-0.08	0.03	0.03	0.00	0.12
Diluted Shares	39.09M	39.26M	39.62M	39.52M	40.38M

PDFS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$43.73M	$37.41M	$35.88M	$42.22M	$31.15M
Receivables	$73.36M	$81.26M	$91.97M	$82.94M	$114.77M
Current Assets	$140.63M	$134.79M	$146.12M	$163.89M	$175.64M
Total Assets	$389.97M	$391.13M	$406.40M	$418.70M	$430.56M
Current Liabilities	$64.30M	$56.96M	$66.08M	$71.89M	$74.97M
Long-Term Debt	$66.42M	$65.88M	$65.32M	$64.76M	$64.21M
Total Debt	$73.40M	$74.05M	$73.78M	$72.82M	$72.00M
Total Liabilities	$140.99M	$133.61M	$142.02M	$147.68M	$150.10M
Retained Earnings	-$97.02M	-$95.87M	-$94.58M	-$94.63M	-$89.84M
Shareholders' Equity	$248.98M	$257.52M	$264.38M	$271.02M	$280.46M
Working Capital	$76.33M	$77.83M	$80.04M	$92.00M	$100.68M
Net Debt	$24.92M	$30.70M	$31.68M	$24.78M	$35.30M

PDFS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$8.64M	-$5.21M	$3.29M	$17.34M	$1.67M
Capital Expenditure	-$8.20M	-$8.53M	-$6.33M	-$9.79M	-$10.50M
Free Cash Flow	$437.00K	-$13.74M	-$3.04M	$7.55M	-$8.83M
Depreciation & Amortisation	$1.74M	$2.87M	$3.21M	$3.51M	$3.62M
Stock-Based Compensation	$6.60M	$6.20M	$6.26M	$6.87M	$6.40M
Investing Cash Flow	-$123.86M	-$385.00K	-$3.32M	-$9.79M	-$10.50M
Financing Cash Flow	$67.96M	-$1.31M	-$1.19M	-$890.00K	-$2.15M
Share Repurchases	$0.00	$0.00	-$244.00K	$0.00	—
Net Change in Cash	-$47.26M	-$6.91M	-$1.23M	$6.66M	-$10.97M

Market Snapshot

About

PDF Solutions provides software and services for semiconductor process optimization and yield improvement. The company offers integrated circuit design for manufacturability solutions, proprietary electrical measurement test structures, and data analytics platforms. Services help chip manufacturers accelerate production ramp and maximize profitability through data-driven insights.