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PDF SOLUTIONS INC

PDFS Clue Score47
United States Fiscal year ends December CIK 0001120914
$54.40 +4.25% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $54.40 +134.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue107.5Operating income13.0Net income9.1EPS, diluted0.28Fiscal year 2017Revenue101.9 −5.2%Operating income0.2Net income−1.3 −114.7%EPS, diluted−0.04 −114.3%Fiscal year 2018Revenue85.8 −15.8%Operating income−10.0Net income−7.7EPS, diluted−0.24Fiscal year 2019Revenue85.6 −0.2%Net income−5.4EPS, diluted−0.17Fiscal year 2020Revenue88.0 +2.9%Net income−40.4EPS, diluted−1.17Fiscal year 2021Revenue111.1 +26.1%Net income−21.5EPS, diluted−0.58Fiscal year 2022Revenue148.5 +33.8%Net income−3.4EPS, diluted−0.09Fiscal year 2023Revenue165.8 +11.6%Operating income−0.2Net income3.1EPS, diluted0.08Fiscal year 2024Revenue179.5 +8.2%Operating income0.9Net income4.1 +30.7%EPS, diluted0.10 +25.0%Fiscal year 2025Revenue219.0 +22.0%Operating income5.8Net income−0.6 −115.8%EPS, diluted−0.02 −120.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 107.5 101.9 85.8 85.6 88.0 111.1 148.5 165.8 179.5 219.0
Growth −5.2% −15.8% −0.2% +2.9% +26.1% +33.8% +11.6% +8.2% +22.0%
Operating income 13.0 0.2 −10.0 n/a n/a n/a n/a −0.2 0.9 5.8
Net income 9.1 −1.3 −7.7 −5.4 −40.4 −21.5 −3.4 3.1 4.1 −0.6
Growth −114.7% +30.7% −115.8%
EPS, diluted 0.28 −0.04 −0.24 −0.17 −1.17 −0.58 −0.09 0.08 0.10 −0.02
Growth −114.3% +25.0% −120.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin58.6%Operating margin12.1%Net margin8.5%Free cash flow margin−8.6%Fiscal year 2017Gross margin53.4%Operating margin0.2%Net margin−1.3%Free cash flow margin0.3%Fiscal year 2018Gross margin50.1%Operating margin−11.6%Net margin−9.0%Free cash flow margin0.3%Fiscal year 2019Net margin−6.3%Free cash flow margin16.4%Fiscal year 2020Net margin−45.8%Free cash flow margin17.9%Fiscal year 2021Net margin−19.3%Free cash flow margin0.5%Fiscal year 2022Gross margin67.8%Net margin−2.3%Free cash flow margin16.1%Fiscal year 2023Gross margin68.8%Operating margin−0.1%Net margin1.9%Free cash flow margin2.0%Fiscal year 2024Gross margin69.8%Operating margin0.5%Net margin2.3%Free cash flow margin−4.2%Fiscal year 2025Gross margin72.3%Operating margin2.7%Net margin−0.3%Free cash flow margin−3.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 58.6% 53.4% 50.1% n/a n/a n/a 67.8% 68.8% 69.8% 72.3%
Operating margin 12.1% 0.2% −11.6% n/a n/a n/a n/a −0.1% 0.5% 2.7%
Net margin 8.5% −1.3% −9.0% −6.3% −45.8% −19.3% −2.3% 1.9% 2.3% −0.3%
Free cash flow margin −8.6% 0.3% 0.3% 16.4% 17.9% 0.5% 16.1% 2.0% −4.2% −3.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.0Capital expenditure−11.3Free cash flow−9.3Buybacks−2.2Fiscal year 2017Operating cash flow10.5Capital expenditure−10.3Free cash flow0.3Buybacks−13.4Fiscal year 2018Operating cash flow13.3Capital expenditure−13.1Free cash flow0.2 −23.4%Buybacks−5.2Fiscal year 2019Operating cash flow24.6Capital expenditure−10.6Free cash flow14.0 +6,223.4%Buybacks−9.6Fiscal year 2020Operating cash flow21.8Capital expenditure−6.0Free cash flow15.8 +12.4%Buybacks0.0Fiscal year 2021Operating cash flow4.2Capital expenditure−3.7Free cash flow0.6 −96.4%Buybacks−4.5Fiscal year 2022Operating cash flow32.3Capital expenditure−8.4Free cash flow23.9 +4,083.7%Buybacks−22.5Fiscal year 2023Operating cash flow14.6Capital expenditure−11.2Free cash flow3.4 −85.9%Buybacks−0.7Fiscal year 2024Operating cash flow9.7Capital expenditure−17.2Free cash flow−7.5 −321.5%Buybacks−6.9Fiscal year 2025Operating cash flow24.1Capital expenditure−32.6Free cash flow−8.6Buybacks−0.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.0 10.5 13.3 24.6 21.8 4.2 32.3 14.6 9.7 24.1
Capital expenditure −11.3 −10.3 −13.1 −10.6 −6.0 −3.7 −8.4 −11.2 −17.2 −32.6
Free cash flow −9.3 0.3 0.2 14.0 15.8 0.6 23.9 3.4 −7.5 −8.6
Growth −23.4% +6,223.4% +12.4% −96.4% +4,083.7% −85.9% −321.5%
Buybacks −2.2 −13.4 −5.2 −9.6 0.0 −4.5 −22.5 −0.7 −6.9 −0.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash116.8Shareholders’ equity198.8Fiscal year 2017Cash101.3Shareholders’ equity198.4Fiscal year 2018Cash96.1Shareholders’ equity199.8Fiscal year 2019Cash97.6Shareholders’ equity196.2Fiscal year 2020Cash30.3Shareholders’ equity234.5Fiscal year 2021Cash27.7Shareholders’ equity219.6Fiscal year 2022Cash119.6Shareholders’ equity210.0Fiscal year 2023Cash99.0Shareholders’ equity228.9Fiscal year 2024Cash90.6Total debt0.0Net cash (debt)90.6Shareholders’ equity246.0Debt to equity0.00Fiscal year 2025Cash42.2Total debt67.0Net cash (debt)−24.8Shareholders’ equity271.0Debt to equity0.25
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 116.8 101.3 96.1 97.6 30.3 27.7 119.6 99.0 90.6 42.2
Total debt n/a n/a n/a n/a n/a n/a n/a n/a 0.0 67.0
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a n/a 90.6 −24.8
Shareholders’ equity 198.8 198.4 199.8 196.2 234.5 219.6 210.0 228.9 246.0 271.0
Debt to equity n/a n/a n/a n/a n/a n/a n/a n/a 0.00 0.25

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
107.5 101.9 85.8 85.6 88.0 111.1 148.5 165.8 179.5 219.0
Growth −5.2% −15.8% −0.2% +2.9% +26.1% +33.8% +11.6% +8.2% +22.0%
44.4 47.5 42.8 33.5 36.8 44.2 47.9 51.7 54.1 60.6
63.0 54.4 43.0 n/a n/a n/a 100.6 114.1 125.3 158.4
Growth −13.7% −20.9% +13.4% +9.8% +26.4%
27.6 30.1 28.0 32.7 34.7 43.8 56.1 50.7 53.6 64.2
22.1 23.7 23.9 26.3 32.7 37.6 45.3 62.2 69.9 84.7
13.0 0.2 −10.0 n/a n/a n/a n/a −0.2 0.9 5.8
Growth −98.5% −5,337.9% +525.3%
13.0 −0.1 −9.5 −7.4 −18.1 −18.3 0.5 4.9 6.6 3.2
3.9 1.3 −1.7 −1.9 22.3 3.2 3.9 1.8 2.5 3.8
9.1 −1.3 −7.7 −5.4 −40.4 −21.5 −3.4 3.1 4.1 −0.6
Growth −114.7% +30.7% −115.8%
Per share
0.29 −0.04 −0.24 −0.17 −1.17 −0.58 −0.09 0.08 0.11 −0.02
0.28 −0.04 −0.24 −0.17 −1.17 −0.58 −0.09 0.08 0.10 −0.02
Growth −114.3% +25.0% −120.0%
31.4 32.0 32.2 32.4 34.5 37.1 37.3 38.0 38.6 39.3
32.4 32.0 32.2 32.4 34.5 37.1 37.3 38.9 39.0 39.3
Growth −1.2% +0.4% +0.8% +6.3% +7.8% +0.5% +4.4% +0.3% +0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 20.0% a year over five years.
  • The diluted share count rose 14.1% in five years, which is dilution.
  • A net loss in 7 of 10 years on file.