PDFSNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
PDF SOLUTIONS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$41.22+2.00 (+5.10%)
Close on Oct 19, 2026
- Market cap
- $1.72B
- P/E (TTM)
- 164.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
72.3%+14.1 pts over 5 years
Operating margin
2.7%
Net margin
-0.3%+45.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.0% | +13.8% | +20.0% | +8.4% | |
| Gross profit | +26.4% | +16.3% | +25.3% | +10.4% | |
| Operating income | +525.3% | – | – | -11.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.9% | -18.7% | -0.2% | |
| Return on assets | 4.4% | -15.3% | -0.2% | |
| Current ratio | 9.19 | 4.58 | 2.28 | |
| Debt to equity | – | – | 0.25 | |
| Net debt to EBITDA | – | – | 2.49× | |
| Capex to revenue | 10.5% | 6.8% | 14.9% | |
| Diluted shares | 32M | 34M | 39M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Pdf Solutions generated $84.90M from operations and spent $107.98M on capital expenditure, dividends and share buybacks. 68% of that went back into the business.
Generated
$84.90M
Used
$107.98M
Capital expenditure$73.10M68%Dividends$00%Share buybacks$34.88M32%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.3%
×Asset turnover0.60×
×Equity multiplier1.42×
=Return on equity, FY2025-0.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.3% | 0.60× | 1.42× | -0.2% |
| FY2024 | 2.3% | 0.59× | 1.27× | 1.7% |
| FY2023 | 1.9% | 0.58× | 1.30× | 1.4% |
| FY2022 | -2.3% | 0.54× | 1.29× | -1.6% |
| FY2021 | -19.3% | 0.40× | 1.24× | -9.5% |
| FY2020 | -45.8% | 0.33× | 1.22× | -18.7% |
| FY2019 | -6.3% | 0.37× | 1.18× | -2.7% |
| FY2018 | -9.0% | 0.38× | 1.13× | -3.9% |
| FY2017 | -1.3% | 0.46× | 1.12× | -0.7% |
| FY2016 | 8.5% | 0.52× | 1.11× | 4.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$640.00K
- Cash generatingOperating cash flow above zero$24.05M
- Return on assets improvedROA up on the prior year1.4% → -0.2%
- Earnings backed by cashOperating cash flow above net income$24.05M vs -$640.00K
- Less leverageLong-term debt to assets fell0.0% → 15.5%
- Better liquidityCurrent ratio rose3.40 → 2.28
- No dilutionShare count did not rise39M → 39M
- Gross margin improvedGross margin up on the prior year69.83% → 72.32%
- More efficientAsset turnover rose0.62 → 0.69