S
Silvaco Group, Inc.
SVCOCIK 0001943289NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31
Period
FY 2025
Revenue
$63.06M
Net Income
$-41.21M
Total Assets
$122.64M
Equity
$74.99M
Shares Out
31.44M
Op. Cash Flow
$-33.91M
Business
Silvaco Group, Inc. provides technology computer aided design (TCAD) software, electronic design automation (EDA) tools and semiconductor intellectual property (SIP) solutions for semiconductor and photonics development. Its main offerings include TCAD process and device simulation, analog/custom EDA suites (e.g., SmartSpice, parasitics tools), production-ready SIP blocks and SIP management software, AI-driven fab technology co-optimization (FTCO) and related modeling and support services. The company organizes its business across TCAD, EDA, SIP, SIP management and modeling/service lines. It distributes products globally to semiconductor manufacturers, OEMs and ODMs across display, power devices, automotive, memory, HPC, IoT and 5G/6G markets via direct sales and regional distributors.
Summary from filing dated 2025-03-05
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenue | 63 | 60 | 54 | |
| Cost of revenue | 14 | 12 | 9 | |
| Gross profit | 49 | 48 | 45 | |
| Research and development | 30 | 21 | 13 | |
| Selling and marketing | 18 | 18 | 13 | |
| General and administrative | 34 | 38 | 18 | |
| Litigation settlement | 13 | 11 | 0 | |
| Total operating expenses | 95 | 88 | 44 | |
| Operating loss | −46 | −40 | 1 | |
| Loss on debt extinguishment | 0 | −718,000 | 0 | |
| Interest income | 2 | 3 | 6,000 | |
| Interest expense and other income (expense), net | −697,000 | −899,000 | — | |
| Loss before income tax provision | −45 | −39 | 510,000 | |
| Income tax (benefit) provision | −3 | 484,000 | 826,000 | |
| Net loss | −41 | −39 | −316,000 | |
| Basic (in dollars per share) | −1.39 | −1.53 | −0.02 | |
| Diluted (in dollars per share) | −1.39 | −1.53 | −0.02 | |
| Basic (in shares) | 30 | 26 | 20 | |
| Diluted (in shares) | 30 | 26 | 20 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-04-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | — | 20 | 4 | — | |
| Restricted cash | 8 | — | 0 | — | — | |
| Accounts receivable, net | 10 | — | 9 | 4 | 6 | |
| Current marketable securities | 1 | — | 63 | 0 | — | |
| Contract assets, net | 13 | — | 12 | 9 | — | |
| Prepaid expenses and other current assets | 5 | — | 3 | 3 | — | |
| Total current assets | 46 | — | 107 | 21 | — | |
| Non-current marketable securities | 0 | — | 5 | 0 | — | |
| Property and equipment, net | 2 | — | 865,000 | 591,000 | — | |
| Operating lease right-of-use assets, net | 3 | — | 2 | 2 | — | |
| Intangible assets, net | 26 | — | 4 | 342,000 | — | |
| Goodwill | 30 | 4 | 9 | 9 | — | |
| Non-current portion of contract assets | 14 | — | 13 | 6 | — | |
| Other assets | 2 | — | 2 | 2 | — | |
| Total non-current assets | 77 | — | 35 | 20 | — | |
| Total assets | 123 | — | 142 | 41 | — | |
| Accounts payable | 3 | — | 3 | 2 | — | |
| Accrued expenses and other current liabilities | 19 | — | 20 | 10 | — | |
| Accrued income taxes | 2 | — | 2 | 2 | — | |
| Operating lease liabilities, current | 1 | — | 744,000 | 735,000 | — | |
| Deferred revenue, current | 11 | — | 7 | 8 | — | |
| Vendor financing obligation, current | 1 | — | 1 | 0 | — | |
| Total current liabilities | 38 | — | 34 | 25 | — | |
| Deferred revenue, non-current | 5 | — | 4 | 5 | — | |
| Operating lease liabilities, non-current | 2 | — | 946,000 | 1 | — | |
| Vendor financing obligation, non-current | 2 | — | 3 | 0 | — | |
| Other non-current liabilities | 94,000 | — | 307,000 | 221,000 | — | |
| Total liabilities | 48 | — | 42 | 31 | — | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Preferred stock $0.0001 par value: 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | — | 0 | 0 | — | |
| Common stock,$0.0001 par value: 500,000,000 shares authorized; 30,948,403 and 28,526,615 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 3,000 | — | 3,000 | 2,000 | — | |
| Additional paid-in capital | 146 | — | 130 | 0 | — | |
| Accumulated deficit | −69 | — | −28 | 11 | — | |
| Accumulated other comprehensive loss | −2 | — | −2 | −2 | — | |
| Total stockholders' equity | 75 | — | 100 | 9 | 10 | |
| Total liabilities and stockholders' equity | 123 | — | 142 | 41 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 3 | 1 | 601,000 | |
| Stock-based compensation expense | 11 | 27 | 0 | |
| Loss on fixed asset disposal | 38,000 | 0 | — | |
| Provision for credit losses | −80,000 | 351,000 | — | |
| Accretion of discount on marketable securities, net | −490,000 | −2 | 0 | |
| Change in fair value of contingent consideration | 94,000 | −27,000 | 325,000 | |
| Accounts receivable | 2 | −6 | 1 | |
| Contract assets | −3 | −10 | −5 | |
| Prepaid expense and other current assets | −164,000 | −790,000 | 133,000 | |
| Other assets | 1 | 57,000 | −267,000 | |
| Accounts payable | −781,000 | 1 | 156,000 | |
| Accrued expenses and other current liabilities | −28 | −2 | 2 | |
| Accrued income taxes | 817,000 | 74,000 | −23,000 | |
| Deferred revenue | 2 | −2 | 2 | |
| Other non-current liabilities | −2 | 109,000 | −102,000 | |
| Net cash used in operating activities | −34 | −20 | 1 | |
| Purchases of marketable securities | 0 | −100 | 0 | |
| Sales of marketable securities | 32 | 0 | — | |
| Maturities of marketable securities | 35 | 34 | 0 | |
| Proceeds from fixed asset disposal | 32,000 | 0 | — | |
| Purchases of property and equipment | −618,000 | −505,000 | −339,000 | |
| Acquisition of businesses | −33 | 0 | — | |
| Net cash provided by (used in) investing activities | 34 | −67 | −339,000 | |
| Proceeds from initial public offering, net of underwriting fees | 0 | 106 | 0 | |
| Proceeds from issuance of convertible note, net of debt issuance costs | 0 | 5 | 0 | |
| Proceeds from loan facility | 0 | 4 | 0 | |
| Repayment of loan facility | 0 | −4 | 0 | |
| Repayment of related party line of credit | 0 | −2 | −1 | |
| Proceeds from issuance of common stock for share-based awards | 899,000 | 315,000 | 0 | |
| Payroll taxes related to shares withheld from employees | −2 | −5 | 0 | |
| Deferred transaction costs | 0 | −3 | −650,000 | |
| Contingent consideration | −46,000 | −74,000 | −1 | |
| Payments of vendor financing obligation | −1 | −588,000 | 0 | |
| Net cash (used in) provided by financing activities | −2 | 101 | −2 | |
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | 49,000 | 193,000 | −246,000 | |
| Net (decrease) increase in cash and cash equivalents | −2 | 15 | −1 | |
| Income taxes paid | 550,000 | 625,000 | 655,000 | |
| Interest paid | 359,000 | 498,000 | 71,000 | |
| Right-of use assets obtained in exchange for operating lease liabilities | 2 | 607,000 | 452,000 | |
| Fair value of common stock issued in acquisition of businesses | 5 | 0 | — | |
| Issuance of equity upon Micron Note conversion | 0 | 6 | 0 | |
| Financial obligation incurred upon purchase of NXP IP | 0 | 5 | 0 |
Filings
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