PDF Solutions Inc income statement
In fiscal 2025, PDF Solutions Inc reported revenue of $219m, up 22.0% on the year before, operating income of $5.8m (a 2.7% margin) and net income of −$640,000, or −$0.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 62 | 67 | 90 | 101 | 100 | 98 | 107 | 102 | 86 | 86 | 88 | 111 | 149 | 166 | 179 | 219 | 241 |
| Cost of revenue | 27 | 28 | 30 | 36 | 39 | 40 | 39 | 44 | 48 | 43 | 33 | 37 | 44 | 48 | 52 | 54 | 61 | 69 |
| Gross profit | 22 | 33 | 37 | 53 | 62 | 60 | 59 | 63 | 54 | 43 | 52 | 51 | 67 | 101 | 114 | 125 | 158 | 172 |
| Research and development | 18 | 15 | 14 | 13 | 13 | 14 | 19 | 28 | 30 | 28 | 33 | 35 | 44 | 56 | 51 | 54 | 64 | 70 |
| Selling, general and administrative | 17 | 16 | 18 | 19 | 17 | 18 | 20 | 22 | 24 | 24 | 26 | 33 | 38 | 45 | 62 | 70 | 85 | 78 |
| Operating income | −17 | 1 | 4 | 19 | 31 | 28 | 19 | 13 | 0 | −10 | — | — | — | — | −0 | 1 | 6 | 20 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 4 | 5 |
| Income before tax | — | 1 | 4 | 19 | 31 | 28 | 19 | 13 | −0 | −9 | −7 | −18 | −18 | 0 | 5 | 7 | 3 | 17 |
| Income tax | 1 | 1 | 2 | −18 | 10 | 9 | 7 | 4 | 1 | −2 | −2 | 22 | 3 | 4 | 2 | 3 | 4 | 6 |
| Net income | −18 | 0 | 2 | 37 | 21 | 18 | 12 | 9 | −1 | −8 | −5 | −40 | −21 | −3 | 3 | 4 | −1 | 10 |
| Diluted EPS | −$0.69 | $0.00 | $0.07 | $1.25 | $0.67 | $0.58 | $0.39 | $0.28 | −$0.04 | −$0.24 | −$0.17 | −$1.17 | −$0.58 | −$0.09 | $0.08 | $0.10 | −$0.02 | $0.26 |
| Diluted shares (average) | 26m | 27m | 28m | 30m | 31m | 32m | 32m | 32m | 32m | 32m | 32m | 34m | 37m | 37m | 39m | 39m | 39m | 40m |
| EBITDA | −16 | 2 | 5 | 20 | 33 | 30 | 22 | 17 | 5 | −5 | — | — | — | — | 5 | 5 | 10 | 26 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 50 | 48 | 52 | 57 | 62 | 60 | 62 |
| Cost of revenue | 12 | 16 | 13 | 15 | 16 | 17 | 17 | 19 |
| Gross profit | 34 | 34 | 35 | 37 | 41 | 45 | 43 | 42 |
| Research and development | 14 | 14 | 15 | 15 | 15 | 19 | 18 | 17 |
| Selling, general and administrative | 18 | 19 | 23 | 20 | 20 | 22 | 17 | 19 |
| Operating income | 2 | 1 | −4 | 1 | 5 | 3 | 6 | 5 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 4 | 1 | −3 | 0 | 3 | 3 | 6 | 5 |
| Income tax | 1 | 1 | 0 | −1 | 2 | 3 | 1 | 0 |
| Net income | 2 | 1 | −3 | 1 | 1 | −0 | 5 | 4 |
| Diluted EPS | $0.06 | $0.01 | −$0.08 | $0.03 | $0.03 | $0.00 | $0.12 | $0.10 |
| EBITDA | 3 | 1 | −3 | 2 | 6 | 5 | 8 | 7 |
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