PDF SOLUTIONS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $219.0M | $179.5M | $165.8M | $148.5M | $111.1M |
| Cost of revenue | $60.6M | $54.1M | $51.7M | $47.9M | $44.2M |
| Gross profit | $158.4M | $125.3M | $114.1M | $100.6M | — |
| Selling, general & administrative | $84.7M | $69.9M | $62.2M | $45.3M | $37.6M |
| Research and development | $64.2M | $53.6M | $50.7M | $56.1M | $43.8M |
| Operating income | $5.8M | $935,000 | -$151,000 | — | — |
| Interest expense | $4.0M | $0 | $0 | — | — |
| Pretax income | $3.2M | $6.6M | $4.9M | $470,000 | -$18.3M |
| Income tax expense | $3.8M | $2.5M | $1.8M | $3.9M | $3.2M |
| Net income | -$640,000 | $4.1M | $3.1M | -$3.4M | -$21.5M |
| Balance Sheet | |||||
| Cash and equivalents | $42.2M | $90.6M | $99.0M | $119.6M | $27.7M |
| Current assets | $163.9M | $206.0M | $197.8M | $193.4M | $188.5M |
| Total assets | $418.7M | $315.3M | $290.1M | $278.7M | $273.8M |
| Current liabilities | $71.9M | $60.5M | $50.8M | $58.2M | $43.8M |
| Total liabilities | $147.7M | $69.3M | $61.2M | $68.7M | $54.2M |
| Total debt | $68.1M | — | — | — | — |
| Stockholders' equity | $271.0M | $246.0M | $228.9M | $210.0M | $219.6M |
| Cash Flow Statement | |||||
| Cash from operations | $24.1M | $9.7M | $14.6M | $32.3M | $4.2M |
| Depreciation and amortization | $4.1M | $3.6M | $5.0M | $5.5M | $6.2M |
| Stock-based compensation | $25.9M | $25.0M | $21.5M | $19.6M | $12.9M |
| Capital expenditure | $32.6M | $17.2M | $11.2M | $8.4M | $3.7M |
| Free cash flow | -$8.6M | -$7.5M | $3.4M | $23.9M | $571,000 |
| Share repurchases | $244,000 | $6.9M | $743,000 | $22.5M | $4.5M |
| Impairments | — | $0 | $0 | $0 | $3.2M |
Shares outstanding 39.9M · Free float 81.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.