Silvaco Group, Inc.SVCO

Silvaco Group, Inc. Leases Disclosure

10-KFiled Mar 12, 20262 min read
Leases
The Company’s headquarters are located in Santa Clara, California, where the Company has an operating lease covering its corporate office expiring in April 2028. The Company also has operating leases in Duluth, Georgia, and abroad, in Japan, France, China, the United Kingdom, Taiwan, Singapore, Korea, Egypt, and Vietnam, among other countries. The expiration dates for these operating leases range from 2026 through 2035. Refer to Note 10, Related Parties for further information on the Company’s lease renewal entered during the year ended December 31, 2025.
The components of operating lease cost were as follows:
Year Ended December 31,
20252024
(in thousands)
Operating lease cost$1,215 $940 
Variable lease cost (1)
484 168 
Total operating lease cost$1,699 $1,108 
(1)Variable lease cost includes common area maintenance, utilities, security, insurance and property taxes.
Additional information related to the Company’s operating leases for the years ended December 31, 2025 and 2024 was as follows:
Year Ended December 31,
20252024
(in thousands)
Cash paid for operating lease liabilities$1,215 $930 
Right-of use assets obtained in exchange for operating lease liabilities$2,400 $607 
December 31,
20252024
Weighted average remaining lease term (in years)3.213.41
Weighted average discount rate8.04 %3.00 %
As of December 31, 2025, maturities of operating lease liabilities were as follows:
Year Ending December 31, Amount
(in thousands)
2026$1,443 
20271,068 
2028448 
2029242 
203034 
Thereafter154 
Total lease payments$3,389 
Less: imputed interest(307)
Total operating lease liabilities$3,082 
Current portion of lease liability
1,121 
Non-current portion of lease liability
$1,961 
Rent expense was $1.7 million and $1.2 million for the years ended December 31, 2025 and 2024, respectively.

Historical Timeline

Fiscal YearFiled
2025Mar 12, 2026Showing above
2024Mar 5, 2025

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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