Saturday 17 October 2026
Export PDFS’s income statement to Excel — free account
PDF Solutions, Inc.
PDFS Technology Software Application
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 7 | 8 | 5 | 6 | 3 | 4 | 3 | 3 | 4 |
P/E ratio |
0.00 | 259.88 | 387.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 77.52 |
P/S ratio |
5.12 | 5.82 | 7.10 | 7.00 | 10.63 | 8.45 | 6.40 | 3.16 | 5.16 | 6.56 |
Altman Z-Score |
5.07 | 9.77 | 12.69 | 9.88 | 13.38 | 8.79 | 8.21 | 7.01 | 12.75 | 19.38 |
Altman Z″-Score (non-manufacturers) |
2.73 | 5.80 | 6.15 | 5.16 | 6.09 | 6.83 | 7.32 | 11.30 | 11.90 | 13.36 |
P/FCF ratio |
0.00 | 0.00 | 382.50 | 43.58 | 6,213.77 | 50.24 | 39.00 | 1,221.55 | 1,811.80 | 0.00 |
Beneish M-Score |
(2.40) | (2.01) | (2.51) | (3.15) | (2.81) | (3.75) | (3.43) | (3.00) | (2.50) | (1.70) |
P/Operating CF |
64.69 | 650.90 | 580.62 | 42.85 | 2,838.02 | 68.24 | 346.69 | 63.14 | 122.65 | 4,124.36 |
P/B ratio |
4.14 | 4.25 | 5.15 | 4.95 | 5.38 | 3.17 | 2.79 | 1.36 | 2.65 | 3.55 |
Price to Tangible BV |
9.06 | 4.78 | 5.94 | 5.85 | 6.41 | 3.83 | 2.92 | 1.41 | 2.76 | 3.63 |
EV/Sales |
5.23 | 5.21 | 6.31 | 6.11 | 9.43 | 6.90 | 5.37 | 2.04 | 4.16 | 5.48 |
EV/EBITDA |
56.36 | 89.28 | 99.45 | 107.27 | 0.00 | 0.00 | 19,140.03 | 0.00 | 72.53 | 33.91 |
EV/Operating CF |
47.67 | 96.32 | 71.72 | 28.12 | 246.86 | 27.89 | 18.68 | 13.13 | 40.22 | 294.24 |
EV/FCF |
(31.24) | (27.78) | 339.95 | 38.06 | 5,512.67 | 41.00 | 32.72 | 788.72 | 1,462.61 | (63.40) |
Quick Ratio |
1.74 | 3.11 | 3.55 | 3.12 | 4.11 | 4.25 | 4.94 | 7.56 | 8.09 | 8.91 |
Current Ratio |
2.28 | 3.40 | 3.89 | 3.32 | 4.30 | 4.58 | 5.27 | 8.05 | 8.35 | 9.19 |
Net Debt/EBITDA |
1.22 | (10.97) | (12.87) | (15.57) | 15.18 | 16.96 | (3,669.21) | 26.74 | (17.32) | (6.73) |
Debt/Assets |
16.00% | 0.00% | 0.00% | 2.64% | 2.56% | 2.94% | 3.98% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.25 | 0.00 | 0.00 | 0.04 | 0.03 | 0.04 | 0.05 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.60 | 0.59 | 0.58 | 0.54 | 0.40 | 0.33 | 0.37 | 0.38 | 0.46 | 0.52 |
Operating CF/Net income |
(37.58) | 2.39 | 4.70 | (9.42) | (0.20) | (0.54) | (4.54) | (1.73) | (7.89) | 0.22 |
Capex/Depreciation |
(2.22) | (1.86) | (1.06) | (0.81) | (0.40) | (0.80) | (1.38) | (2.06) | (1.81) | (2.57) |
Interest Coverage |
1.48 | — | — | — | (27.82) | — | — | — | — | — |
| (0.25%) | 1.71% | 1.41% | (1.60%) | (9.46%) | (18.74%) | (2.74%) | (3.88%) | (0.67%) | 4.88% | |
| (0.17%) | 1.34% | 1.09% | (1.24%) | (7.66%) | (15.31%) | (2.33%) | (3.43%) | (0.60%) | 4.40% | |
ROIC |
1.24% | 0.45% | (0.10%) | (1.67%) | (13.75%) | (10.75%) | (4.42%) | (6.00%) | 0.12% | 9.88% |
Return on Tangible Assets |
(0.37%) | 2.09% | 1.68% | (1.96%) | (11.94%) | (21.20%) | (3.38%) | (4.45%) | (0.79%) | 5.32% |
Average Days of Receivables |
138.21 | 149.79 | 98.83 | 103.60 | 131.75 | 141.53 | 173.37 | 219.40 | 206.25 | 163.57 |
Research and Development Expense of Revenue |
29.33% | 29.85% | 30.59% | 37.78% | 39.42% | 39.36% | 38.26% | 32.63% | 29.53% | 25.65% |
Selling, General and Administrative Expense of Revenue |
38.69% | 38.96% | 37.52% | 30.52% | 33.90% | 37.11% | 30.73% | 27.90% | 23.25% | 20.52% |
Intangible Assets out of Total Assets |
0.35 | 0.09 | 0.11 | 0.12 | 0.13 | 0.14 | 0.04 | 0.03 | 0.04 | 0.02 |
Share Based Compensation of Revenue |
11.84% | 13.96% | 12.96% | 13.23% | 11.64% | 14.16% | 13.35% | 12.00% | 11.59% | 10.24% |
Graham Net Nets |
0.01 | 0.13 | 0.12 | 0.12 | 0.11 | 0.19 | 0.19 | 0.48 | 0.26 | 0.21 |
Graham Number |
0.00 | 3.87 | 3.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.43 |
Earnings Yield |
(0.07%) | 0.38% | 0.26% | (0.32%) | (1.82%) | (5.19%) | (0.95%) | (2.85%) | (0.21%) | 1.29% |
Free Cash Flow Yield |
(3.27%) | (3.22%) | 0.26% | 2.29% | 0.02% | 1.99% | 2.56% | 0.08% | 0.06% | (1.32%) |
Revenue per Share |
5.57 | 4.65 | 4.36 | 3.98 | 2.99 | 2.56 | 2.64 | 2.67 | 3.18 | 3.43 |
Operating CF per Share |
0.61 | 0.25 | 0.38 | 0.87 | 0.11 | 0.63 | 0.76 | 0.41 | 0.33 | 0.06 |
Capex per Share |
(0.82) | (0.46) | (0.30) | (0.23) | (0.11) | (0.20) | (0.33) | (0.41) | (0.32) | (0.36) |
Free Cash Flow per Share |
(0.21) | (0.21) | 0.09 | 0.64 | 0.01 | 0.43 | 0.43 | 0.01 | 0.01 | (0.30) |
Cash per Share |
1.07 | 2.98 | 3.57 | 3.73 | 3.78 | 4.22 | 3.01 | 2.99 | 3.16 | 3.72 |
Shareholders Equity per Share |
6.89 | 6.37 | 6.02 | 5.63 | 5.91 | 6.81 | 6.05 | 6.21 | 6.19 | 6.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.89 | 6.37 | 6.02 | 5.63 | 5.91 | 6.81 | 6.05 | 6.21 | 6.19 | 6.34 |
Free Cash Flow |
(8.15) | (8.03) | 3.23 | 23.72 | 0.19 | 14.82 | 14.04 | 0.22 | 0.29 | (9.28) |
Working Capital |
92.00 | 145.44 | 147.01 | 135.21 | 144.68 | 151.18 | 119.58 | 137.69 | 144.26 | 151.76 |
Capital Expenditures |
(32.20) | (17.73) | (11.37) | (8.58) | (4.05) | (6.97) | (10.55) | (13.12) | (10.25) | (11.28) |
Net Current Asset Value |
16.22 | 136.73 | 136.66 | 124.75 | 134.32 | 140.31 | 104.19 | 131.11 | 138.09 | 146.75 |
EV/EBIT |
196.08 | 999.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,232.40 | 45.39 |
Capex to Sales |
0.15 | 0.10 | 0.07 | 0.06 | 0.04 | 0.08 | 0.12 | 0.15 | 0.10 | 0.11 |
Price to Operating Income |
191.84 | 1,118.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,765.39 | 54.39 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.18 | 0.20 | 0.29 | 0.26 | 0.29 | 0.22 | 0.19 | 0.18 | 0.22 | 0.23 |
Cash ROIC |
(2.14%) | (2.22%) | 0.89% | 6.65% | 0.05% | 3.82% | 4.63% | 0.08% | 0.10% | (2.94%) |
Accounts Receivable Turnover |
2.80 | 3.03 | 3.81 | 3.61 | 2.99 | 2.35 | 1.86 | 1.57 | 1.93 | 2.63 |
Accounts Payable Turnover |
4.79 | 10.01 | 11.57 | 8.02 | 8.88 | 6.11 | 6.64 | 17.16 | 20.04 | 25.41 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
102.81 | 55.65 | 18.06 | 48.67 | 45.87 | 43.67 | 83.26 | 20.93 | 19.48 | 18.12 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
78.29 | 59.28 | 43.53 | 41.13 | 37.11 | 37.40 | 46.11 | 54.57 | 52.86 | 40.80 |
Average Payables |
12.67 | 5.41 | 4.47 | 5.97 | 4.98 | 6.02 | 5.05 | 2.50 | 2.37 | 1.75 |
Average Assets |
366.99 | 302.71 | 284.40 | 276.22 | 280.67 | 263.56 | 232.72 | 225.04 | 223.25 | 207.05 |
Average Common Equity |
258.53 | 237.49 | 219.48 | 214.80 | 227.05 | 215.33 | 197.98 | 199.08 | 198.59 | 186.56 |
Columns are period end dates