Pdf Solutions Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pdf Solutions's revenue grew 8.2% year-over-year to $179.5M, a solid pace of expansion. This earns a growth score of 52/100.
Pdf Solutions carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.40, Pdf Solutions holds $3.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Pdf Solutions generated $9.7M in operating cash flow, capex of $17.2M consumed most of it, leaving -$7.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Pdf Solutions generates a 1.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is up from 1.4% the prior year.
Pdf Solutions passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Pdf Solutions generates $2.39 in operating cash flow ($9.7M OCF vs $4.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Pdf Solutions (PDFS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Pdf Solutions generated $179.5M in revenue in fiscal year 2024. This represents an increase of 8.2% from the prior year.
Pdf Solutions generated -$7.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 321.5% from the prior year.
Pdf Solutions reported $4.1M in net income in fiscal year 2024. This represents an increase of 30.7% from the prior year.
Pdf Solutions earned $0.10 per diluted share (EPS) in fiscal year 2024. This represents an increase of 25.0% from the prior year.
Pdf Solutions held $90.6M in cash against $0 in long-term debt as of fiscal year 2024.
Pdf Solutions had 39M shares outstanding in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Pdf Solutions's gross margin was 69.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Pdf Solutions's net profit margin was 2.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.
Pdf Solutions's ROE was 1.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Pdf Solutions invested $53.6M in research and development in fiscal year 2024. This represents an increase of 5.6% from the prior year.
Pdf Solutions spent $6.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 828.5% from the prior year.
Pdf Solutions invested $17.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 52.7% from the prior year.
PDFS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.1M+10.4% | $51.7M+8.3% | $47.8M-4.6% | $50.1M+20.2% | $41.7M+0.8% | $41.3M+0.4% | $41.1M-2.9% | $42.4M |
| Cost of Revenue | $15.8M+6.4% | $14.9M+14.9% | $13.0M-18.5% | $15.9M+30.0% | $12.2M-9.6% | $13.5M+2.5% | $13.2M-7.6% | $14.3M |
| Gross Profit | $41.3M+12.0% | $36.8M+5.8% | $34.8M+1.9% | $34.2M+16.1% | $29.4M+5.9% | $27.8M-0.5% | $27.9M-0.5% | $28.1M |
| R&D Expenses | $15.4M+3.5% | $14.9M+1.9% | $14.6M+1.5% | $14.4M+14.0% | $12.6M-2.6% | $13.0M+5.5% | $12.3M-6.1% | $13.1M |
| SG&A Expenses | $19.9M+1.0% | $19.7M-15.5% | $23.4M+22.5% | $19.1M+17.3% | $16.3M-1.4% | $16.5M+1.9% | $16.2M+3.7% | $15.6M |
| Operating Income | $4.8M+332.1% | $1.1M+131.4% | -$3.6M-267.8% | $2.1M+702.7% | $264K+113.5% | -$2.0M | N/A | N/A |
| Interest Expense | $1.2M-0.3% | $1.2M+299.4% | $311K | $0 | $0 | N/A | N/A | N/A |
| Income Tax | $2.2M+304.0% | -$1.1M-3086.1% | $36K-96.1% | $935K+2360.5% | $38K-69.6% | $125K+116.8% | -$744K-112.4% | $6.0M |
| Net Income | $1.3M+12.9% | $1.1M+137.8% | -$3.0M-662.5% | $539K-68.4% | $1.7M+533.8% | -$393K-144.3% | $887K+117.8% | -$5.0M |
| EPS (Diluted) | $0.030.0% | $0.03+137.5% | $-0.08-900.0% | $0.01-75.0% | $0.04+500.0% | $-0.01-133.3% | $0.03+123.1% | $-0.13 |
PDFS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $406.4M+3.9% | $391.1M+0.3% | $390.0M+23.7% | $315.3M+5.8% | $298.0M+3.9% | $286.8M-1.1% | $290.1M+2.7% | $282.5M |
| Current Assets | $146.1M+8.4% | $134.8M-4.1% | $140.6M-31.7% | $206.0M+6.6% | $193.3M+3.2% | $187.3M-5.3% | $197.8M+1.8% | $194.3M |
| Cash & Equivalents | $35.9M-4.1% | $37.4M-14.4% | $43.7M-51.7% | $90.6M-1.5% | $92.0M+7.9% | $85.3M-13.9% | $99.0M-11.3% | $111.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $74.9M+8.2% | $69.3M+8.8% | $63.7M-13.5% | $73.6M+30.6% | $56.4M+19.3% | $47.3M+5.3% | $44.9M+9.6% | $41.0M |
| Goodwill | $96.8M0.0% | $96.8M+0.2% | $96.6M+546.3% | $15.0M0.0% | $15.0M0.0% | $15.0M-0.5% | $15.0M+0.1% | $15.0M |
| Total Liabilities | $142.0M+6.3% | $133.6M-5.2% | $141.0M+103.6% | $69.3M+5.2% | $65.8M+7.2% | $61.4M+0.4% | $61.2M+0.5% | $60.9M |
| Current Liabilities | $66.1M+16.0% | $57.0M-11.4% | $64.3M+6.2% | $60.5M+9.2% | $55.5M+7.1% | $51.8M+1.9% | $50.8M+1.9% | $49.9M |
| Long-Term Debt | $65.3M-0.8% | $65.9M-0.8% | $66.4M | $0 | N/A | N/A | N/A | N/A |
| Total Equity | $264.4M+2.7% | $257.5M+3.4% | $249.0M+1.2% | $246.0M+6.0% | $232.2M+3.0% | $225.4M-1.5% | $228.9M+3.3% | $221.6M |
| Retained Earnings | -$94.6M+1.3% | -$95.9M+1.2% | -$97.0M-3.2% | -$94.0M+2.8% | -$96.7M+1.7% | -$98.4M-0.4% | -$98.0M+0.9% | -$98.9M |
PDFS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.3M+163.0% | -$5.2M-160.4% | $8.6M+438.0% | $1.6M+134.8% | $684K+136.7% | -$1.9M-191.8% | $2.0M-89.4% | $19.2M |
| Capital Expenditures | $6.2M-27.6% | $8.5M+5.4% | $8.1M+43.8% | $5.6M+6.0% | $5.3M+163.0% | $2.0M-24.0% | $2.7M-7.6% | $2.9M |
| Free Cash Flow | -$2.9M+78.9% | -$13.8M-2672.1% | $535K+113.3% | -$4.0M+13.1% | -$4.6M-19.3% | -$3.9M-513.7% | -$633K-103.9% | $16.3M |
| Investing Cash Flow | -$3.3M-763.4% | -$385K+99.7% | -$123.9M-1922.6% | -$6.1M-189.6% | $6.8M+358.7% | -$2.6M+82.1% | -$14.8M-223.7% | -$4.6M |
| Financing Cash Flow | -$1.2M+9.2% | -$1.3M-101.9% | $68.0M+21010.2% | -$325K+19.0% | -$401K+95.4% | -$8.8M-2696.2% | -$313K+89.9% | -$3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $244K | N/A | N/A | $0 | $0-100.0% | $6.9M | $0 | N/A |
PDFS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.3%+1.0pp | 71.2%-1.7pp | 72.9%+4.6pp | 68.3%-2.4pp | 70.6%+3.4pp | 67.3%-0.7pp | 67.9%+1.6pp | 66.3% |
| Operating Margin | 8.5%+6.3pp | 2.2%+9.6pp | -7.4%-12.0pp | 4.6%+3.9pp | 0.6%+5.4pp | -4.7% | N/A | N/A |
| Net Margin | 2.3%+0.1pp | 2.2%+8.6pp | -6.3%-7.4pp | 1.1%-3.0pp | 4.1%+5.0pp | -0.9%-3.1pp | 2.2%+13.9pp | -11.7% |
| Return on Equity | 0.5%+0.0pp | 0.4% | N/A | 0.2%-0.5pp | 0.7% | N/A | 0.4% | N/A |
| Return on Assets | 0.3%+0.0pp | 0.3%+1.1pp | -0.8%-0.9pp | 0.2%-0.4pp | 0.6%+0.7pp | -0.1%-0.4pp | 0.3%+2.1pp | -1.8% |
| Current Ratio | 2.21-0.2 | 2.37+0.2 | 2.19-1.2 | 3.40-0.1 | 3.48-0.1 | 3.62-0.3 | 3.890.0 | 3.89 |
| Debt-to-Equity | 0.250.0 | 0.26-0.0 | 0.27+0.3 | 0.00-0.3 | 0.28+0.0 | 0.270.0 | 0.270.0 | 0.27 |
| FCF Margin | -5.1%+21.5pp | -26.6%-27.7pp | 1.1%+9.2pp | -8.1%+3.1pp | -11.1%-1.7pp | -9.4%-7.9pp | -1.5%-40.0pp | 38.5% |
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Frequently Asked Questions
What is Pdf Solutions's annual revenue?
Pdf Solutions (PDFS) reported $179.5M in total revenue for fiscal year 2024. This represents a 8.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pdf Solutions's revenue growing?
Pdf Solutions (PDFS) revenue grew by 8.2% year-over-year, from $165.8M to $179.5M in fiscal year 2024.
Is Pdf Solutions profitable?
Yes, Pdf Solutions (PDFS) reported a net income of $4.1M in fiscal year 2024, with a net profit margin of 2.3%.
What is Pdf Solutions's earnings per share (EPS)?
Pdf Solutions (PDFS) reported diluted earnings per share of $0.10 for fiscal year 2024. This represents a 25.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Pdf Solutions have?
As of fiscal year 2024, Pdf Solutions (PDFS) had $90.6M in cash and equivalents against $0 in long-term debt.
What is Pdf Solutions's gross margin?
Pdf Solutions (PDFS) had a gross margin of 69.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pdf Solutions's net profit margin?
Pdf Solutions (PDFS) had a net profit margin of 2.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Pdf Solutions's return on equity (ROE)?
Pdf Solutions (PDFS) has a return on equity of 1.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Pdf Solutions's free cash flow?
Pdf Solutions (PDFS) generated -$7.5M in free cash flow during fiscal year 2024. This represents a -321.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pdf Solutions's operating cash flow?
Pdf Solutions (PDFS) generated $9.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Pdf Solutions's total assets?
Pdf Solutions (PDFS) had $315.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Pdf Solutions's capital expenditures?
Pdf Solutions (PDFS) invested $17.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Pdf Solutions spend on research and development?
Pdf Solutions (PDFS) invested $53.6M in research and development during fiscal year 2024.
Does Pdf Solutions buy back shares?
Yes, Pdf Solutions (PDFS) spent $6.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Pdf Solutions have outstanding?
Pdf Solutions (PDFS) had 39M shares outstanding as of fiscal year 2024.
What is Pdf Solutions's current ratio?
Pdf Solutions (PDFS) had a current ratio of 3.40 as of fiscal year 2024, which is generally considered healthy.
What is Pdf Solutions's debt-to-equity ratio?
Pdf Solutions (PDFS) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pdf Solutions's return on assets (ROA)?
Pdf Solutions (PDFS) had a return on assets of 1.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Pdf Solutions's Piotroski F-Score?
Pdf Solutions (PDFS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pdf Solutions's earnings high quality?
Pdf Solutions (PDFS) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pdf Solutions?
Pdf Solutions (PDFS) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.