NASDAQ : PDFS
PDF Solutions, Inc. — Financial statements
Technology · Software - Application · United States
Last price 45.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.92B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
PDF Solutions, Inc. (PDFS) reported revenue of 241.18M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 241.18M | 219.02M | 179.47M | 165.84M | 148.55M | 111.06M |
| Cost of Revenue | 68.83M | 60.62M | 54.14M | 51.75M | 47.91M | 44.19M |
| Gross Profit | 172.35M | 158.40M | 125.32M | 114.09M | 100.64M | 66.87M |
| Selling, General & Admin | 73.60M | 80.24M | 69.02M | 62.22M | 45.34M | 37.65M |
| Research & Development | 70.34M | 64.23M | 53.57M | 50.74M | 56.13M | 43.78M |
| Amortization of Goodwill & Intangibles | 4.25M | 3.58M | 896.00K | 1.28M | 1.27M | 1.25M |
| Operating Expenses | 148.19M | 148.05M | 123.49M | 114.24M | 102.73M | 82.68M |
| Operating Income | 24.16M | 10.35M | 1.83M | -151.00K | -2.09M | -15.82M |
| Interest Expense | -4.60M | -3.96M | ||||
| Interest & Investment Income | 4.03M | 1.50M | 5.60M | 5.50M | 2.56M | 683.00K |
| Currency Exchange Gain (Loss) | -2.80M | -1.10M | ||||
| Other Non Operating Income (Expenses) | 268.00K | 268.00K | 630.00K | -480.00K | ||
| EBT Excluding Unusual Items | 21.07M | 7.06M | 8.06M | 4.87M | 470.00K | -15.13M |
| Merger & Restructuring Charges | -4.50M | -4.50M | -900.00K | |||
| Asset Writedown | 641.00K | -586.00K | -3.18M | |||
| Pretax Income | 16.57M | 3.20M | 6.58M | 4.87M | 470.00K | -18.32M |
| Income Tax Expense | 6.26M | 3.84M | 2.52M | 1.76M | 3.90M | 3.17M |
| Net Income | 10.31M | -640.00K | 4.06M | 3.10M | -3.43M | -21.49M |
| Net Income to Common | 10.31M | -640.00K | 4.06M | 3.10M | -3.43M | -21.49M |
| Shares Outstanding (Basic) | 39.96M | 39.32M | 38.60M | 38.02M | 37.31M | 37.14M |
| Shares Outstanding (Diluted) | 40.30M | 39.32M | 39.05M | 38.94M | 37.31M | 37.14M |
| EPS (Basic) | 0.26 | -0.02 | 0.11 | 0.08 | -0.09 | -0.58 |
| EPS (Diluted) | 0.25 | -0.02 | 0.10 | 0.08 | -0.09 | -0.58 |
| Free Cash Flow | -2.00M | -8.79M | -8.08M | 3.27M | 23.87M | 190.00K |
| Free Cash Flow Per Share | -0.05 | -0.22 | -0.21 | 0.08 | 0.64 | 0.01 |
| Gross Margin | 71.46% | 72.32% | 69.83% | 68.80% | 67.75% | 60.21% |
| Operating Margin | 10.02% | 4.72% | 1.02% | -0.09% | -1.41% | -14.24% |
| Profit Margin | 4.27% | -0.29% | 2.26% | 1.87% | -2.31% | -19.35% |
| Free Cash Flow Margin | -0.83% | -4.01% | -4.50% | 1.98% | 16.07% | 0.17% |
| EBITDA | 34.71M | 18.02M | 6.36M | 6.12M | 4.70M | -6.26M |
| EBITDA Margin | 14.39% | 8.23% | 3.54% | 3.69% | 3.17% | -5.64% |
| D&A For EBITDA | 10.55M | 7.67M | 4.52M | 6.27M | 6.80M | 9.55M |
| EBIT | 24.16M | 10.35M | 1.83M | -151.00K | -2.09M | -15.82M |
| EBIT Margin | 10.02% | 4.72% | 1.02% | -0.09% | -1.41% | -14.24% |
| Effective Tax Rate | 37.78% | 119.99% | 38.33% | 36.23% | 829.57% | |
| Revenue as Reported | 241.18M | 219.02M | 179.47M | 165.84M | 148.55M | 111.06M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 114.88M | 42.22M | 90.59M | 98.98M | 119.62M | 27.68M |
| Short-Term Investments | 24.29M | 36.54M | 19.56M | 112.54M | ||
| Cash & Short-Term Investments | 114.88M | 42.22M | 114.89M | 135.52M | 139.18M | 140.23M |
| Accounts Receivable | 124.22M | 108.45M | 81.40M | 53.67M | 45.46M | 40.49M |
| Other Receivables | 3.68M | 4.14M | 942.00K | |||
| Receivables | 127.90M | 112.59M | 82.34M | 53.67M | 45.46M | 40.49M |
| Prepaid Expenses | 7.04M | 6.59M | 5.82M | 6.69M | 7.06M | 7.19M |
| Other Current Assets | 2.79M | 2.49M | 2.93M | 1.96M | 1.70M | 600.00K |
| Total Current Assets | 252.61M | 163.89M | 205.98M | 197.85M | 193.41M | 188.51M |
| Property, Plant & Equipment | 98.69M | 86.39M | 52.49M | 42.26M | 46.18M | 40.70M |
| Goodwill | 94.99M | 95.00M | 14.95M | 15.03M | 14.12M | 14.12M |
| Other Intangible Assets | 48.06M | 52.19M | 12.31M | 15.62M | 18.05M | 21.24M |
| Long-Term Accounts Receivable | 20.64M | 16.31M | 22.83M | 14.20M | 800.00K | 1.30M |
| Long-Term Deferred Tax Assets | 125.00K | 69.00K | 43.00K | 157.00K | 64.00K | 75.00K |
| Long-Term Deferred Charges | 2.68M | 3.40M | 2.38M | 2.59M | 2.10M | 2.10M |
| Other Long-Term Assets | 1.40M | 1.45M | 4.30M | 2.43M | 3.94M | 5.72M |
| Total Assets | 519.18M | 418.70M | 315.29M | 290.14M | 278.67M | 273.77M |
| Accounts Payable | 12.39M | 17.08M | 8.26M | 2.56M | 6.39M | 5.55M |
| Accrued Expenses | 33.38M | 29.50M | 24.01M | 19.43M | 22.53M | 12.82M |
| Current Portion of Long-Term Debt | 2.86M | 2.24M | ||||
| Current Portion of Leases | 2.09M | 1.98M | 1.68M | 1.53M | 1.41M | 1.76M |
| Current Income Taxes Payable | 318.00K | 297.00K | 365.00K | |||
| Current Unearned Revenue | 20.25M | 19.44M | 25.00M | 27.32M | 27.87M | 23.69M |
| Other Current Liabilities | 1.99M | 1.36M | 1.23M | |||
| Total Current Liabilities | 73.28M | 71.89M | 60.54M | 50.84M | 58.20M | 43.83M |
| Long-Term Debt | 63.66M | 64.76M | ||||
| Long-Term Leases | 2.95M | 3.84M | 3.50M | 4.66M | 5.93M | 5.26M |
| Long-Term Unearned Revenue | 836.00K | 865.00K | 1.51M | 1.80M | 1.90M | 2.44M |
| Other Long-Term Liabilities | 5.96M | 6.32M | 3.69M | 3.89M | 2.63M | 2.66M |
| Total Liabilities | 146.68M | 147.68M | 69.25M | 61.19M | 68.66M | 54.18M |
| Common Stock | 6.00K | 6.00K | 6.00K | 6.00K | 6.00K | 6.00K |
| Additional Paid-In Capital | 630.34M | 533.50M | 502.90M | 473.30M | 447.42M | 423.07M |
| Retained Earnings | -85.57M | -94.63M | -93.99M | -98.05M | -101.15M | -97.72M |
| Treasury Stock | -169.90M | -165.81M | -159.35M | -143.92M | -133.71M | -104.70M |
| Comprehensive Income & Other | -2.38M | -2.05M | -3.53M | -2.39M | -2.55M | -1.06M |
| Shareholders' Equity | 372.50M | 271.02M | 246.04M | 228.95M | 210.01M | 219.59M |
| Total Liabilities & Equity | 519.18M | 418.70M | 315.29M | 290.14M | 278.67M | 273.77M |
| Total Debt | 71.56M | 72.82M | 5.18M | 6.19M | 7.34M | 7.02M |
| Net Cash (Debt) | 43.33M | -30.60M | 109.71M | 129.34M | 131.84M | 133.21M |
| Net Cash Per Share | 1.08 | -0.78 | 2.81 | 3.32 | 3.53 | 3.59 |
| Filing Date Shares Outstanding | 42.23M | 39.89M | 39.11M | 38.58M | 37.77M | 37.71M |
| Total Common Shares Outstanding | 41.89M | 39.54M | 38.80M | 38.29M | 37.43M | 37.41M |
| Working Capital | 179.33M | 92.00M | 145.44M | 147.00M | 135.21M | 144.68M |
| Book Value Per Share | 8.89 | 6.85 | 6.34 | 5.98 | 5.61 | 5.87 |
| Tangible Book Value | 229.45M | 123.82M | 218.78M | 198.30M | 177.83M | 184.22M |
| Tangible Book Value Per Share | 5.48 | 3.13 | 5.64 | 5.18 | 4.75 | 4.92 |
| Machinery | 71.30M | 57.22M | 41.74M | 44.95M | 47.17M | 42.86M |
| Construction In Progress | 55.04M | 57.80M | 41.37M | 29.84M | 27.34M | 22.16M |
| Leasehold Improvements | 7.14M | 7.03M | 6.69M | 6.47M | 6.47M | 6.27M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.31M | -640.00K | 4.06M | 3.10M | -3.43M | -21.49M |
| Depreciation & Amortization | 10.55M | 7.67M | 4.52M | 6.27M | 6.80M | 9.55M |
| Other Amortization | 7.11M | 6.83M | 5.01M | 4.41M | 3.76M | 674.00K |
| Asset Writedown & Restructuring Costs | -641.00K | 586.00K | 3.18M | |||
| Loss (Gain) From Sale of Investments | -13.00K | -279.00K | -1.54M | -1.17M | -187.00K | -14.00K |
| Stock-Based Compensation | 25.52M | 25.93M | 25.05M | 21.48M | 19.65M | 12.93M |
| Other Operating Activities | 2.81M | 792.00K | 2.31M | -306.00K | -4.00K | 1.53M |
| Change in Accounts Receivable | -21.15M | -6.34M | -28.80M | -2.75M | -2.14M | -5.98M |
| Change in Accounts Payable | 2.71M | 4.88M | 2.79M | -2.15M | -1.42M | -86.00K |
| Change in Unearned Revenue | -3.38M | -6.87M | -2.63M | -640.00K | 3.67M | 3.69M |
| Change in Other Net Operating Assets | 4.24M | -7.27M | -1.65M | -13.65M | 5.60M | 246.00K |
| Operating Cash Flow | 38.70M | 24.05M | 9.70M | 14.60M | 32.30M | 4.24M |
| Capital Expenditures | -40.70M | -32.84M | -17.79M | -11.32M | -8.43M | -4.05M |
| Sale of Property, Plant & Equipment | 641.00K | 641.00K | 55.00K | 105.00K | ||
| Cash Acquisitions | -129.72M | -1.82M | -3.05M | |||
| Sale (Purchase) of Intangibles | -150.00K | -150.00K | ||||
| Investment in Securities | 3.00M | 24.56M | 13.79M | -15.80M | 93.18M | 2.44M |
| Other Investing Activities | -641.00K | -2.00M | ||||
| Investing Cash Flow | -37.70M | -137.36M | -5.94M | -28.99M | 84.60M | -4.67M |
| Long-Term Debt Issued | 69.55M | |||||
| Long-Term Debt Repaid | -1.88M | |||||
| Net Debt Issued (Repaid) | -1.88M | 67.67M | ||||
| Issuance of Common Stock | 86.14M | 4.24M | 4.20M | 4.32M | 4.70M | 2.96M |
| Repurchase of Common Stock | -7.02M | -6.46M | -15.43M | -10.21M | -29.00M | -8.49M |
| Other Financing Activities | -143.00K | -900.00K | ||||
| Financing Cash Flow | 77.11M | 64.56M | -11.23M | -5.89M | -24.31M | -5.53M |
| Foreign Exchange Rate Adjustments | -646.00K | 371.00K | -918.00K | -365.00K | -650.00K | -182.00K |
| Net Cash Flow | 77.47M | -48.37M | -8.38M | -20.65M | 91.94M | -6.13M |
| Free Cash Flow | -2.00M | -8.79M | -8.08M | 3.27M | 23.87M | 190.00K |
| Free Cash Flow Margin | -0.83% | -4.01% | -4.50% | 1.98% | 16.07% | 0.17% |
| Free Cash Flow Per Share | -0.05 | -0.22 | -0.21 | 0.08 | 0.64 | 0.01 |
| Levered Free Cash Flow | -13.26M | -10.20M | -1.27M | 5.02M | 29.10M | 10.81M |
| Unlevered Free Cash Flow | -10.39M | -7.73M | -1.27M | 5.02M | 29.10M | 10.81M |
| Cash Interest Paid | 4.29M | 3.72M | ||||
| Cash Income Tax Paid | 2.20M | 2.70M | 2.56M | 3.78M | 2.85M | 1.87M |
| Change in Working Capital | -17.59M | -15.60M | -30.29M | -19.19M | 5.71M | -2.13M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.73B | 1.13B | 1.05B | 1.23B | 1.07B | 1.19B |
| Enterprise Value | 1.69B | 1.17B | 935.39M | 1.10B | 957.60M | 1.05B |
| Last Close Price | 41.00 | 28.53 | 27.08 | 32.14 | 28.52 | 31.79 |
| PE Ratio | 161.87 | 258.80 | 396.05 | |||
| Forward PE | 28.23 | 29.69 | 30.09 | 40.68 | 50.48 | 142.88 |
| PS Ratio | 7.18 | 5.15 | 5.85 | 7.42 | 7.18 | 10.69 |
| PB Ratio | 4.61 | 4.16 | 4.27 | 5.37 | 5.08 | 5.41 |
| P/TBV Ratio | 7.55 | 9.10 | 4.80 | 6.20 | 6.00 | 6.44 |
| P/FCF Ratio | 375.49 | 44.67 | 6,248.45 | |||
| P/OCF Ratio | 44.73 | 46.87 | 108.21 | 84.23 | 33.01 | 279.80 |
| PEG Ratio | 0.97 | 1.31 | 1.50 | 2.03 | 2.52 | 9.76 |
| EV/Sales Ratio | 7.00 | 5.32 | 5.21 | 6.64 | 6.45 | 9.48 |
| EV/EBITDA Ratio | 48.63 | 64.68 | 147.10 | 179.87 | 203.57 | |
| EV/EBIT Ratio | 69.86 | 112.61 | 509.75 | |||
| EV/FCF Ratio | 336.12 | 40.12 | 5,543.25 | |||
| Debt / Equity Ratio | 0.19 | 0.27 | 0.02 | 0.03 | 0.04 | 0.03 |
| Debt / EBITDA Ratio | 1.92 | 3.55 | 0.58 | 0.72 | 1.02 | |
| Debt / FCF Ratio | 1.89 | 0.31 | 36.93 | |||
| Net Debt / Equity Ratio | -0.12 | 0.11 | -0.45 | -0.56 | -0.63 | -0.61 |
| Net Debt / EBITDA Ratio | -1.25 | 1.70 | -17.25 | -21.13 | -28.03 | 21.26 |
| Net Debt / FCF Ratio | 21.72 | -3.48 | 13.57 | -39.49 | -5.52 | -701.11 |
| Asset Turnover | 0.53 | 0.60 | 0.59 | 0.58 | 0.54 | 0.40 |
| Quick Ratio | 3.31 | 2.15 | 3.26 | 3.72 | 3.17 | 4.12 |
| Current Ratio | 3.45 | 2.28 | 3.40 | 3.89 | 3.32 | 4.30 |
| Return on Equity (ROE) | 3.27% | -0.25% | 1.71% | 1.42% | -1.60% | -9.46% |
| Return on Assets (ROA) | 3.32% | 1.76% | 0.38% | -0.03% | -0.47% | -3.52% |
| Return on Invested Capital (ROIC) | 4.62% | -0.95% | 0.96% | -0.11% | 18.55% | -17.19% |
| Return on Capital Employed (ROCE) | 5.40% | 3.00% | 0.70% | -0.10% | -0.90% | -6.90% |
| Earnings Yield | 0.62% | -0.06% | 0.39% | 0.25% | -0.32% | -1.81% |
| FCF Yield | -0.12% | -0.78% | -0.77% | 0.27% | 2.24% | 0.02% |
| Buyback Yield / Dilution | -3.03% | -0.69% | -0.28% | -4.36% | -0.46% | -7.78% |