PDF Solutions Inc (PDFS) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, PDF Solutions reported revenue of $219.0M, up 22.0% from $179.5M the year before. Net income was -$640,000 (a -0.3% net margin), or -$0.02 per diluted share. Gross margin was 72.3% and operating margin was 2.7%. Operating activities generated $24.1M of cash, leaving -$8.6M of free cash flow. At fiscal year end, PDF Solutions held $418.7M in total assets against $147.7M in total liabilities, including $42.2M of cash and equivalents.
Open the full interactive PDF Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
PDF Solutions Key Stats
| Share Price | $47.62 |
|---|---|
| Market Cap | $1.99B |
| Revenue YoY Growth | +22.0% |
| 52-Week Range | $23.97 – $70.79 |
| Shares Outstanding | 40.9 million (basic, 2026 Q2) |
PDF Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $88.0M | $111.1M | $148.5M | $165.8M | $179.5M | $219.0M |
| Cost of Goods Sold | $9.8M | — | — | — | — | — |
| Gross Profit | $51.3M | $66.9M | $100.6M | $114.1M | $125.3M | $158.4M |
| Operating Income | -$22.8M | -$20.8M | -$822,000 | $1.1M | $1.8M | $5.8M |
| Pre-Tax Income | -$18.1M | -$18.3M | $470,000 | $4.9M | $6.6M | $3.2M |
| Income Tax | $22.3M | $3.2M | $3.9M | $1.8M | $2.5M | $3.8M |
| Net Income | -$40.4M | -$21.5M | -$3.4M | $3.1M | $4.1M | -$640,000 |
| Diluted EPS | -$1.17 | -$0.58 | -$0.09 | $0.08 | $0.10 | -$0.02 |
PDF Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $57.1M | $62.4M | $60.1M | $61.5M |
| Net Income | $1.3M | -$48,000 | $4.8M | $4.3M |
| Diluted EPS | $0.03 | -$0.00 | $0.12 | $0.10 |
PDF Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.3M | $27.7M | $119.6M | $99.0M | $90.6M | $42.2M |
| Current Assets | $193.4M | $188.5M | $193.4M | $197.8M | $206.0M | $163.9M |
| Total Assets | $287.6M | $273.8M | $278.7M | $290.1M | $315.3M | $418.7M |
| Current Liabilities | $42.2M | $43.8M | $58.2M | $50.8M | $60.5M | $71.9M |
| Total Long-Term Debt | — | — | — | — | — | $67.0M |
| Total Liabilities | $53.1M | $54.2M | $68.7M | $61.2M | $69.3M | $147.7M |
| Shareholders' Equity | $234.5M | $219.6M | $210.0M | $228.9M | $246.0M | $271.0M |
PDF Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $21.8M | $4.2M | $32.3M | $14.6M | $9.7M | $24.1M |
| Cash From Investing | -$150.5M | -$4.7M | $84.6M | -$29.0M | -$5.9M | -$137.4M |
| Cash From Financing | $64.8M | -$5.5M | -$24.3M | -$5.9M | -$11.2M | $64.6M |
| Free Cash Flow | $15.8M | $571,000 | $23.9M | $3.4M | -$7.5M | -$8.6M |
Figures from PDF Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full PDF Solutions financials page for every line item.
PDF Solutions Company Profile
| Ticker | PDFS |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Santa Clara, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001120914 |
Frequently Asked Questions
What was PDF Solutions' revenue in fiscal 2025?
PDF Solutions (PDFS) reported revenue of $219.0M for fiscal 2025.
What is PDF Solutions' annual revenue history?
PDF Solutions' annual revenue by fiscal year: 2020: $88.0M; 2021: $111.1M; 2022: $148.5M; 2023: $165.8M; 2024: $179.5M; 2025: $219.0M.
What was PDF Solutions' net income in fiscal 2025?
PDF Solutions reported net income of -$640,000 for fiscal 2025.
What was PDF Solutions' earnings per share (EPS) in fiscal 2025?
PDF Solutions' diluted EPS was -$0.02 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did PDF Solutions generate in fiscal 2025?
PDF Solutions generated -$8.6M of free cash flow in fiscal 2025.
What was PDF Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), PDF Solutions reported revenue of $61.5M.
How much debt does PDF Solutions have?
PDF Solutions reported $67.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of PDF Solutions are outstanding?
PDF Solutions reported a weighted average of 40.9 million basic shares outstanding in 2026 Q2.
What is PDF Solutions' market cap?
Based on its latest closing price, PDF Solutions (PDFS) has a market capitalization of about $1.99B.
When does PDF Solutions' fiscal year end?
PDF Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is PDF Solutions headquartered?
PDF Solutions lists its business address in Santa Clara, California in its SEC filings.