PDF SOLUTIONS INC
Business
PDF Solutions provides comprehensive data solutions—software, hardware, and services—designed to help semiconductor and electronics companies improve product yield, quality, and operational efficiency. The company offers six primary product brands (Exensio, Sapience, DirectScan, CV, Cimetrix, and secureWISE) addressing data analytics, process characterization, equipment integration, and secure remote connectivity. Revenue derives from Platform fees (software licenses, SaaS, engineering services, and system fees) and Volume-based fees (runtime licenses and royalties). PDF Solutions serves foundries, integrated device manufacturers, fabless designers, equipment makers, and test/assembly providers globally.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 219 | 179 | 166 | 149 | 111 | |
| Costs of revenues | 61 | 54 | 52 | 48 | 44 | |
| Research and development | 64 | 54 | 51 | 56 | 44 | |
| Selling, general, and administrative | 85 | 70 | 62 | 45 | 38 | |
| Amortization of acquired intangible assets | 4 | 896,000 | 1 | 1 | 1 | |
| Income (loss) from operations | 6 | 935,000 | −151,000 | — | — | |
| Interest expense | −4 | 0 | 0 | — | — | |
| Interest income and other, net | 1 | 6 | 5 | — | −683,000 | |
| Income before income tax expense | 3 | 7 | 5 | 470,000 | −18 | |
| Income tax expense | −4 | −3 | −2 | −4 | −3 | |
| Net income (loss) | −640,000 | 4 | 3 | −3 | −21 | |
| Foreign currency translation adjustments, net of tax | 1 | −1 | 148,000 | −1 | −825,000 | |
| Change in unrealized loss related to available-for-sale debt securities, net of tax | −9,000 | −1,000 | 15,000 | 7,000 | −14,000 | |
| Total other comprehensive income (loss) | 1 | −1 | 163,000 | −1 | −839,000 | |
| Comprehensive income | 840,000 | 3 | 3 | −5 | −22 | |
| Basic (in dollars per share) | −0.02 | 0.11 | 0.08 | −0.09 | −0.58 | |
| Diluted (in dollars per share) | −0.02 | 0.1 | 0.08 | −0.09 | −0.58 | |
| Basic (in shares) | 39 | 39 | 38 | 37 | 37 | |
| Diluted (in shares) | 39 | 39 | 39 | 37 | 37 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 42 | 91 | 99 | 120 | 28 | |
| Short-term investments | 0 | 24 | 37 | 20 | 113 | |
| Accounts receivable, net of allowance for credit losses | 83 | 74 | 45 | 42 | 40 | |
| Prepaid expenses and other current assets | 39 | 17 | 17 | 12 | 8 | |
| Total current assets | 164 | 206 | 198 | 193 | 189 | |
| Property and equipment, net | 82 | 48 | 37 | 40 | 35 | |
| Operating lease right-of-use assets, net | 5 | 4 | 5 | 6 | 5 | |
| Goodwill | 95 | 15 | 15 | 14 | 14 | |
| Intangible assets, net | 52 | 12 | — | — | — | |
| Deferred tax assets, net | 69,000 | 43,000 | 157,000 | 64,000 | 75,000 | |
| Other non-current assets | 21 | 30 | 19 | 7 | 9 | |
| Total assets | 419 | 315 | 290 | 279 | 274 | |
| Accounts payable | 17 | 8 | 3 | 6 | 6 | |
| Accrued compensation and related benefits | 22 | 17 | 15 | 17 | 9 | |
| Accrued and other current liabilities | 9 | 9 | — | — | — | |
| Operating lease liabilities current portion | 2 | 2 | 2 | 1 | 2 | |
| Deferred revenues current portion | 19 | 25 | — | — | 24 | |
| Current portion of long-term debt, net | 2 | 0 | — | — | — | |
| Total current liabilities | 72 | 61 | 51 | 58 | 44 | |
| Long-term income taxes | 4 | 3 | 3 | 3 | 3 | |
| Operating lease liabilities non-current portion | 4 | 4 | 5 | 6 | 5 | |
| Long-term debt, net | 65 | 0 | — | — | — | |
| Other non-current liabilities | −3 | −2 | 3 | 2 | 2 | |
| Total liabilities | 148 | 69 | 61 | 69 | 54 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding | 0 | 0 | — | — | — | |
| Common stock, $0.00015 par value, 70,000 shares authorized; shares issued 51,726 and 50,717, respectively; shares outstanding 39,541 and 38,801, respectively | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
| Additional paid-in capital | 534 | 503 | 473 | 447 | 423 | |
| Treasury stock, at cost, 12,185 and 11,916 shares, respectively | −166 | −159 | — | — | — | |
| Accumulated deficit | −95 | −94 | −98 | −101 | −98 | |
| Accumulated other comprehensive loss | −2 | −4 | −2 | −3 | −1 | |
| Total stockholders equity | 271 | 246 | 229 | 210 | 220 | |
| Total liabilities and stockholders equity | 419 | 315 | 290 | 279 | 274 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense | 26 | 25 | 21 | 20 | 13 | |
| Depreciation and amortization | 4 | 4 | 5 | 6 | 6 | |
| Amortization of acquired intangible assets | 7 | 3 | 4 | — | — | |
| Amortization of costs capitalized to obtain revenue contracts | 3 | 3 | 2 | 2 | 700,000 | |
| Net accretion of discounts on short-term investments | −279,000 | −2 | −1 | −187,000 | −14,000 | |
| Loss on damaged equipment in-transit, net of (recovery) from previously written-off property and equipment | −641,000 | 586,000 | 0 | — | — | |
| Deferred taxes | 895,000 | −74,000 | −108,000 | — | — | |
| Other | −103,000 | 2 | −198,000 | −187,000 | 161,000 | |
| Accounts receivable | −6 | −29 | −3 | −2 | −6 | |
| Prepaid expenses and other current assets | −16 | −2 | −7 | −6 | 1 | |
| Operating lease right-of-use assets | 2 | 2 | 1 | 2 | 1 | |
| Other non-current assets | 7 | −4 | −4 | 2 | −1 | |
| Accounts payable | 5 | 3 | −2 | −1 | −86,000 | |
| Accrued compensation and related benefits | 5 | 2 | −2 | 8 | 1 | |
| Accrued and other liabilities | −3 | 2 | 110,000 | — | — | |
| Deferred revenues | −7 | −3 | −640,000 | 2 | 5 | |
| Operating lease liabilities | −2 | −2 | −1 | −2 | −2 | |
| Net cash provided by operating activities | 24 | 10 | 15 | 32 | 4 | |
| Proceeds from maturities and sales of short-term investments | 27 | 68 | 44 | — | — | |
| Purchases of short-term investments | −3 | −54 | −60 | −58 | −169 | |
| Purchase of convertible promissory note | 0 | −2 | 0 | — | — | |
| Purchases of property and equipment | −33 | −17 | −11 | −8 | −4 | |
| Prepayment for the purchase of property and equipment | −214,000 | −630,000 | −89,000 | — | — | |
| Proceeds from sale and recovery from previously written-off property and equipment | 641,000 | 55,000 | 105,000 | — | — | |
| Purchases of intangible assets | 0 | 0 | −150,000 | −150,000 | — | |
| Payment for business acquisition, net of cash acquired | −130 | 0 | −2 | — | −3 | |
| Net cash used in investing activities | −137 | −6 | −29 | 85 | −5 | |
| Proceeds from long-term debt, net of debt discount | 70 | 0 | 0 | — | — | |
| Payments of debt issuance costs | −900,000 | 0 | 0 | — | — | |
| Repayments of long-term debt | −2 | 0 | 0 | — | — | |
| Proceeds from exercise of stock options and employee stock purchase plan | 4 | 4 | 4 | — | — | |
| Payments for taxes related to net share settlement of equity awards | −6 | −9 | −9 | −7 | −4 | |
| Repurchases of common stock | −244,000 | −7 | −743,000 | −22 | −5 | |
| Net cash provided by (used in) financing activities | 65 | −11 | −6 | −24 | −6 | |
| Net change in cash and cash equivalents | −48 | −8 | −21 | 92 | −6 | |
| Effect of exchange rate changes on cash and cash equivalents | 371,000 | −918,000 | −365,000 | −650,000 | −182,000 | |
| Income taxes | 3 | 3 | 4 | — | — | |
| Amounts included in the measurement of operating lease liabilities | 2 | 2 | 2 | 2 | 2 | |
| Interest on long-term debt | 4 | 0 | 0 | — | — | |
| Prepayments for purchase of property and equipment transferred from prepaid assets to property and equipment | 505,000 | 89,000 | 66,000 | — | — | |
| Property and equipment received and accrued in accounts payable and accrued and other current liabilities | 12 | 7 | 2 | 3 | 1 | |
| Net carrying value of property and equipment sold and expensed in cost of revenues, and property and equipment transferred to sales-type leases and from other non-current assets, net | 3 | 7 | 8 | — | — | |
| Stock-based compensation capitalized as property and equipment | 432,000 | 364,000 | 72,000 | — | — | |
| Operating lease liabilities arising from obtaining right-of-use assets | 2 | 718,000 | 131,000 | 3 | 161,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PDF SOLUTIONS INC's CIK number?
PDF SOLUTIONS INC's SEC CIK number is 0001120914 (1120914). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PDF SOLUTIONS INC's SEC filings?
All of PDF SOLUTIONS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PDF SOLUTIONS INC last report earnings?
PDF SOLUTIONS INC (PDFS) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015603). This is PDF SOLUTIONS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is PDF SOLUTIONS INC's most recent earnings 8-K?
PDF SOLUTIONS INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001437749-26-015603. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PDF SOLUTIONS INC's latest earnings 8-K →
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