PDF Solutions, Inc. (PDFS) Income Statement
PDFS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPDFS revenue and net income
Where PDFS's revenue goes
2025Each bar shows an amount and its share of revenue. PDFS kept −0.3% of revenue as net income.
PDFS profit margins
PDFS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.0% | +13.8% | +20.0% | +8.4% |
| Gross profit | +26.4% | +16.3% | +25.3% | +10.4% |
| Operating income | — | — | — | −11.2% |
| Net income | −115.8% | — | — | — |
| EPS (diluted) | +45.8% | +27.1% | — | +4.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PDFS quarterly EPS vs estimates
PDF Solutions beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.21).
PDFS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.0M | $179.5M | $165.8M | $148.5M | $111.1M | $88.0M | $85.6M | $85.8M | $101.9M | $107.5M |
| Cost of revenue | $60.6M | $54.1M | $51.7M | $47.9M | $44.2M | $36.8M | $33.5M | $42.8M | $47.5M | $44.4M |
| Gross profit | $158.4M | $125.3M | $114.1M | $100.6M | $66.9M | $51.3M | $52.1M | $43.0M | $54.4M | $63.0M |
| Research & development | $67.9M | $55.9M | $53.0M | $58.3M | $45.9M | $35.4M | $32.7M | $28.0M | $30.1M | $27.6M |
| Sales, general & admin | $84.7M | $69.9M | $58.7M | $45.3M | $37.6M | $32.7M | $26.3M | $23.9M | $23.7M | $22.1M |
| Total operating expenses | $152.6M | $125.8M | $115.2M | $103.7M | $83.5M | $68.0M | $59.7M | $52.4M | $54.2M | $50.0M |
| Operating income | $5.8M | −$504,000 | −$1.1M | −$3.0M | −$16.6M | −$16.8M | −$7.5M | −$10.0M | $190,000 | $13.0M |
| Interest income | $1.3M | $5.6M | $5.0M | $2.6M | $683,000 | — | $276,000 | $493,000 | $264,000 | $10,000 |
| Interest expense | $4.0M | $5.6M | $5.0M | $2.6M | $683,000 | $1.3M | $276,000 | $493,000 | $119,000 | $10,000 |
| Income before taxes | $3.2M | $6.6M | $4.9M | $470,000 | −$18.3M | −$18.1M | −$7.4M | −$9.5M | −$74,000 | $13.0M |
| Income taxes | $3.8M | $2.5M | $1.8M | $3.9M | $3.2M | $22.3M | −$1.9M | −$1.7M | $1.3M | $3.9M |
| Net income | −$640,000 | $4.1M | $3.1M | −$3.4M | −$21.5M | −$40.4M | −$5.4M | −$7.7M | −$1.3M | $9.1M |
| EBITDA | $18.5M | $7.8M | $8.4M | $6.9M | −$6.3M | −$8.6M | −$332,000 | −$3.5M | $5.8M | $17.3M |
| EPS (diluted) | $1.21 | $0.83 | $0.73 | $0.59 | $0.07 | −$0.11 | $0.14 | $0.09 | $0.40 | $0.68 |
| Gross margin | 72.3% | 69.8% | 68.8% | 67.8% | 60.2% | 58.2% | 60.9% | 50.1% | 53.4% | 58.6% |
| Operating margin | 2.7% | −0.3% | −0.7% | −2.0% | −15.0% | −19.0% | −8.7% | −11.6% | 0.2% | 12.1% |
| Net margin | −0.3% | 2.3% | 1.9% | −2.3% | −19.3% | −45.8% | −6.3% | −9.0% | −1.3% | 8.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.5M | $60.1M | $62.4M | $57.1M | $51.7M | $47.8M | $50.1M | $46.4M | $41.7M | $41.3M | $41.1M | $42.4M |
| Cost of revenue | $19.1M | $16.9M | $16.9M | $15.8M | $14.9M | $13.0M | $15.9M | $12.5M | $12.2M | $13.5M | $13.2M | $14.3M |
| Gross profit | $42.4M | $43.2M | $45.5M | $41.3M | $36.8M | $34.8M | $34.2M | $33.9M | $29.4M | $27.8M | $27.9M | $28.1M |
| Research & development | $17.3M | $18.3M | $20.3M | $16.4M | $15.9M | $15.3M | $15.0M | $14.1M | $13.2M | $13.0M | $12.9M | $13.7M |
| Sales, general & admin | $19.0M | $17.5M | $21.7M | $19.9M | $19.7M | $23.4M | $19.1M | $18.1M | $16.3M | $16.5M | $16.2M | $15.6M |
| Total operating expenses | $37.4M | $36.9M | $42.0M | $36.4M | $35.7M | $38.4M | $34.1M | $31.8M | $29.2M | $29.7M | $29.1M | $29.3M |
| Operating income | $5.1M | $6.3M | $3.5M | $4.8M | $1.1M | −$3.6M | $111,000 | $2.1M | $264,000 | −$2.0M | −$1.2M | −$1.2M |
| Interest income | $666,000 | $592,000 | — | — | $196,000 | $870,000 | — | — | $1.5M | $1.7M | — | $2.0M |
| Interest expense | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $311,000 | $5.6M | $1.5M | $1.5M | $1.7M | $1.0M | $2.0M |
| Income before taxes | $4.6M | $5.8M | $2.6M | $3.5M | $71,000 | −$3.0M | $1.5M | $3.6M | $1.7M | −$268,000 | $143,000 | $1.0M |
| Income taxes | $353,000 | $1.0M | $2.7M | $2.2M | −$1.1M | $36,000 | $935,000 | $1.4M | $38,000 | $125,000 | −$744,000 | $6.0M |
| Net income | $4.3M | $4.8M | −$48,000 | $1.3M | $1.1M | −$3.0M | $539,000 | $2.2M | $1.7M | −$393,000 | $887,000 | −$5.0M |
| EBITDA | $9.9M | $10.5M | $7.3M | $7.9M | $4.2M | −$944,000 | $2.0M | $5.2M | $3.7M | $1.6M | $1.2M | $1.2M |
| EPS (diluted) | $0.15 | $0.31 | $0.30 | $0.64 | $0.06 | $0.21 | $0.25 | $0.25 | $0.18 | $0.15 | $0.15 | $0.20 |
| Gross margin | 68.9% | 71.8% | 72.9% | 72.3% | 71.2% | 72.9% | 68.3% | 73.1% | 70.6% | 67.3% | 67.9% | 66.3% |
| Operating margin | 8.2% | 10.5% | 5.5% | 8.5% | 2.2% | −7.4% | 0.2% | 4.6% | 0.6% | −4.7% | −2.8% | −2.9% |
| Net margin | 6.9% | 8.0% | −0.1% | 2.3% | 2.2% | −6.3% | 1.1% | 4.8% | 4.1% | −1.0% | 2.2% | −11.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PDFS's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PDFS financial results
In fiscal year 2025 (ended December 31, 2025), PDF Solutions reported revenue of $219.0 million, up 22.0% from the year before. It had a net loss of $0.6 million, a net profit margin of −0.3%. Diluted earnings per share came to $1.21. Over five years revenue grew at an average rate of 20.0% a year.
See the PDFS stock overview for the latest quote and news, or the PDFS chart for price history and technical indicators.
PDFS income statement FAQ
What is PDF Solutions's annual revenue?
PDF Solutions reported total revenue of $219.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 22.0% from $179.5 million the previous year.
Is PDF Solutions profitable?
No. PDF Solutions reported a net loss of $0.6 million in fiscal 2025, a net profit margin of −0.3%; its operating margin was 2.7%.
What is PDF Solutions's gross margin?
PDF Solutions's gross margin was 72.3% in fiscal 2025: for every $100 of revenue, PDF Solutions kept $72 after the direct cost of its products and services.
How much does PDF Solutions spend on research and development?
PDF Solutions spent $67.9 million on research and development in fiscal 2025, 31.0% of revenue.
How fast is PDF Solutions growing?
Revenue grew 20.0% a year on average over the last five fiscal years, from $88.0 million to $219.0 million.
What are PDF Solutions's earnings per share?
PDF Solutions earned $1.21 per diluted share in fiscal 2025, compared with $0.83 a year earlier.
When will PDF Solutions report its next earnings?
PDF Solutions is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does PDF Solutions's fiscal year end?
PDF Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.