Saturday 17 October 2026 Export PDFS’s income statement to Excel — free account

PDF Solutions, Inc.

PDF Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $219.0 million, up 22.0% from fiscal 2024. In the quarter to June 2026, revenue grew 19.0%, EPS grew 233.3%, free cash flow grew 113.9% and total debt fell 2.35%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

39.23 2.04 −4.94%

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Market cap: $1.7B
P/E: 157×
Fwd P/E: 107×
Dividend yield: —
F-score: 4/9
Altman Z: 5.07
Beneish M: −2.40
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.23

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	2	—	—

Insider Ownership 7.92%

Capital & Financial Ratios $m

Market Cap 1,740.00

Revenue 241.18

Net Income 10.31

Free Cash Flow (1.35)

Net Debt (48.37)

Current Ratio 3.45

Debt/Equity 0.18

P/E ratio 156.92

Fwd P/E 107.00

P/S ratio 6.66

P/B ratio 4.31

Past 5Y EPS Growth —

This Y EPS Growth 37.58%

Next Y EPS Growth 27.77%

Next Y revenue growth 20.44%

Next 5Y EPS Growth 29.68%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 44.90%

10-year low 10-year high

P/S against its own 10 years 53.96%

10-year low 10-year high

P/B against its own 10 years 65.61%

10-year low 10-year high

EV/Sales against its own 10 years 69.48%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	136	115	42	115
Receivables	45	74	83	91
Inventory	—	—	—	—
Other	—	—	—	—
	198	206	164	253

	2023	2024	2025	Q'26
Payables	3	8	17	12
ST’ Debt	—	—	2	3
Other	—	—	—	—
	51	61	72	73

Compound Annual Growth %

	10y	5y	3y
Sales	8.38%	19.99%	13.82%
Cash Flow	(2.29%)	2.00%	(9.36%)
Earnings	0.00%	0.00%	0.00%
Book Value	4.51%	2.94%	8.87%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	60	62	—	—	—
’25	48	52	57	62	219
’24	41	42	46	50	179
’23	41	42	42	41	166
’22	33	35	40	41	149
’21	24	27	30	30	111
’20	21	21	23	22	88

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2	16	—	—	—
’25	9	(5)	3	17	24
’24	(2)	1	9	2	10
’23	(1)	(6)	19	2	15
’22	3	4	1	24	32
’21	(8)	8	4	0	4
’20	5	5	0	11	22

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(9)	2	—	—	—
’25	0	(17)	(3)	8	(8)
’24	(4)	7	(32)	(4)	(8)
’23	(4)	(9)	16	0	3
’22	1	1	(1)	23	24
’21	(9)	8	2	(1)	0
’20	3	3	(1)	9	15

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.12	0.10	—	—	—
’25	(0.08)	0.03	0.03	0.00	(0.02)
’24	(0.01)	0.04	0.06	0.01	0.10
’23	0.01	0.17	(0.13)	0.02	0.08
’22	(0.11)	(0.03)	0.04	0.01	(0.09)
’21	(0.21)	(0.12)	(0.06)	(0.19)	(0.58)
’20	(0.02)	(0.11)	(0.08)	(0.91)	(1.17)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.70	14.11	7.56	8.24	8.61	16.44	19.34	26.12	26.94	15.91	Analyst estimates 2026–2028 Powerpack
	High	24.44	23.93	16.76	17.42	26.42	33.78	32.80	48.02	39.70	32.31
People
People	Employees	441	417	365	353	423	407	458	493	539	600
	Revenue/emp, $m	0.24	0.24	0.24	0.24	0.21	0.27	0.32	0.34	0.33	0.37
Income, $m
Income, $m	Revenue	107	102	86	86	88	111	149	166	179	219
	Gross margin, %	58.64	53.35	50.11	60.89	58.24	60.21	67.75	68.79	69.83	72.32
	EBT	13	0	(9)	(7)	(18)	(18)	0	5	7	3
	EBT margin, %	12.06	(0.07)	(11.03)	(8.60)	(20.51)	(16.49)	0.32	2.94	3.67	1.46
	Net income	9	(1)	(8)	(5)	(40)	(21)	(3)	3	4	(1)
	Depreciation	4	6	6	8	9	10	11	11	10	14
Per share, $
Per share, $	Revenue	3.43	3.18	2.67	2.64	2.56	2.99	3.98	4.36	4.65	5.57
	Earnings	0.29	(0.04)	(0.24)	(0.17)	(1.17)	(0.58)	(0.09)	0.08	0.11	(0.02)
	Cash flow	0.06	0.33	0.41	0.76	0.63	0.11	0.87	0.38	0.25	0.61
	Capex	(0.36)	(0.32)	(0.41)	(0.33)	(0.20)	(0.11)	(0.23)	(0.30)	(0.46)	(0.82)
	Free cash flow	(0.30)	0.01	0.01	0.43	0.43	0.01	0.64	0.09	(0.21)	(0.21)
	Book value	6.34	6.19	6.21	6.05	6.81	5.91	5.63	6.02	6.37	6.89
	Shares, m	31	32	32	32	34	37	37	38	39	39
Valuation, ×
Valuation, ×	P/E	77.52	0.00	0.00	0.00	0.00	0.00	0.00	387.38	259.88	0.00
	P/S	6.56	5.16	3.16	6.40	8.45	10.63	7.00	7.10	5.82	5.12
	P/B	3.55	2.65	1.36	2.79	3.17	5.38	4.95	5.15	4.25	4.14
	EV/Sales	5.48	4.16	2.04	5.37	6.90	9.43	6.11	6.31	5.21	5.23
	EV/FCF	(63.40)	1,462.61	788.72	32.72	41.00	5,512.67	38.06	339.95	(27.78)	(31.24)
Cash, $m
Cash, $m	Operating cash flow	2	11	13	25	22	4	32	15	10	24
	Capex	(11)	(10)	(13)	(11)	(7)	(4)	(9)	(11)	(18)	(32)
	Free cash flow	(9)	0	0	14	15	0	24	3	(8)	(8)
Balance, $m
Balance, $m	Working capital	152	144	138	120	151	145	135	147	145	92
	Total debt	—	—	—	10	8	7	7	—	—	67
	Net debt	(117)	(101)	(96)	(88)	(137)	(133)	(132)	(136)	(115)	25
	Shareholders’ equity	199	198	200	196	235	220	210	229	246	271
Returns, %
Returns, %	ROA	4.40	(0.60)	(3.43)	(2.33)	(15.31)	(7.66)	(1.24)	1.09	1.34	(0.17)
	ROIC	9.88	0.12	(6.00)	(4.42)	(10.75)	(13.75)	(1.67)	(0.10)	0.45	1.24
	ROE	4.88	(0.67)	(3.88)	(2.74)	(18.74)	(9.46)	(1.60)	1.41	1.71	(0.25)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SOUN SoundHound AI, Inc.	$2.2B	— (loss-making)	— (loss-making)	+45.02% (above 0%: growing)	n/m	−49.37% (below 0%: shrinking)	45.12%	(69.95%)	Compare
AMPL Amplitude, Inc.	$2.0B	— (loss-making)	— (loss-making)	+21.16% (above 0%: growing)	n/m	+30.66% (above 0%: growing)	68.50%	(34.87%)	Compare
KARO Karooooo Ltd.	$1.9B	30.6×	20.0×	+35.78% (above 0%: growing)	+25.53% (above 0%: growing)	−7.21% (below 0%: shrinking)	68.35%	26.20%	Compare
BL BlackLine	$1.8B	75.7×	31.2×	+9.18% (above 0%: growing)	+21.77% (above 0%: growing)	+43.65% (above 0%: growing)	75.96%	5.85%	Compare
WLTH Wealthfront Corporation	$1.8B	— (loss-making)	26.4×	+0.82% (above 0%: growing)	−86.01% (below 0%: shrinking)	+22.17% (above 0%: growing)	88.28%	18.27%	Compare
PDFS PDF Solutions, Inc.	$1.7B	157×	107×	+18.95% (above 0%: growing)	+233.33% (above 0%: growing)	+113.90% (above 0%: growing)	68.95%	8.23%
EVCM EverCommerce Inc.	$1.7B	52.4×	41.5×	+2.70% (above 0%: growing)	+25.00% (above 0%: growing)	+3.41% (above 0%: growing)	78.61%	11.49%	Compare
ALKT Alkami Technology, Inc.	$1.5B	— (loss-making)	— (loss-making)	+15.87% (above 0%: growing)	n/m	+2,071.76% (above 0%: growing)	56.85%	(5.93%)	Compare
LSPD Lightspeed Commerce Inc.	$1.5B	— (loss-making)	— (loss-making)	+5.82% (above 0%: growing)	n/m	−23,170.13% (below 0%: shrinking)	42.94%	(1.72%)	Compare
Median of peers	$1.8B	52.4×	28.8×	+12.53%	+23.39%	+12.79%	68.43%	2.07%

All 237 Software Application stocks →

PDF Solutions, Inc. (PDFS) key facts

Strength: PDF Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $219.0 million, up 22.0% from fiscal 2024.
PDF Solutions, Inc. (PDFS) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, PDFS traded at $39.23, a market capitalization of $1.7 billion.
Return on equity was −0.25% and debt-to-equity 0.18.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 5.07 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.