Pdf Solutions Financials
Pdf Solutions (PDFS) reported $241.2M in revenue over the twelve months to Jun 30, 2026, up 23.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Reinvestment-heavy growth is improving gross economics, but thin cash conversion keeps reported earnings and free cash flow modest.
The earnings-to-cash split is revealing: FY2025 operating cash flow was$24.1M despite net income of-$600K , so the reported loss did not reflect the period’s cash generation. Yet capital intensity consumed$32.6M of capital expenditures, leaving free cash flow at-$8.6M ; cash conversion was positive before reinvestment but negative afterward.
Revenue grew
Goodwill rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pdf Solutions's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Pdf Solutions has an operating margin of 2.7%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 0.5% the prior year.
Pdf Solutions's revenue surged 22.0% year-over-year to $219.0M, reflecting rapid business expansion. This strong growth earns a score of 75/100.
Pdf Solutions has elevated debt relative to equity (D/E of 0.24), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.
Pdf Solutions's current ratio of 2.28 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
While Pdf Solutions generated $24.1M in operating cash flow, capex of $32.6M consumed most of it, leaving -$8.6M in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.
Pdf Solutions posts a -0.2% return on equity (ROE), meaning it loses less than $1 for every $100 of shareholders' equity. This results in a returns score of 36/100. This is down from 1.7% the prior year.
Pdf Solutions scores 8.15, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($147.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Pdf Solutions passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Pdf Solutions reported a net loss of $600K while generating $24.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Pdf Solutions earns $1.48 in operating income for every $1 of interest expense ($5.8M vs $4.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Pdf Solutions generated $219.0M in revenue in fiscal year 2025. This represents an increase of 22.0% from the prior year.
Pdf Solutions's EBITDA was $9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 117.7% from the prior year.
Pdf Solutions reported -$600K in net income in fiscal year 2025. This represents a decrease of 114.6% from the prior year.
Pdf Solutions earned -$0.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 120.0% from the prior year.
Cash & Balance Sheet
Pdf Solutions recorded an outflow of $8.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 15.1% from the prior year.
Pdf Solutions held $42.2M in cash against $64.8M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Pdf Solutions's gross margin was 72.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Pdf Solutions's operating margin was 2.7% in fiscal year 2025, reflecting core business profitability. This is up 2.2 percentage points from the prior year.
Pdf Solutions's net profit margin was -0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Pdf Solutions's ROE was -0.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.
Capital Allocation
Pdf Solutions invested $64.2M in research and development in fiscal year 2025. This represents an increase of 19.9% from the prior year.
Pdf Solutions spent $244K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 96.5% from the prior year.
Pdf Solutions invested $32.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 90.2% from the prior year.
PDFS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.5M+2.3% | $60.1M-3.6% | $62.4M+9.3% | $57.1M+10.4% | $51.7M+8.3% | $47.8M-4.6% | $50.1M+7.9% | $46.4M |
| Cost of Revenue | $19.1M+12.8% | $16.9M0.0% | $16.9M+7.0% | $15.8M+6.4% | $14.9M+14.9% | $13.0M-18.5% | $15.9M+27.4% | $12.5M |
| Gross Profit | $42.4M-1.8% | $43.2M-5.0% | $45.5M+10.1% | $41.3M+12.0% | $36.8M+5.8% | $34.8M+1.9% | $34.2M+0.8% | $33.9M |
| R&D Expenses | $17.3M-5.5% | $18.3M-4.8% | $19.3M+24.8% | $15.4M+3.5% | $14.9M+1.9% | $14.6M+1.5% | $14.4M+6.7% | $13.5M |
| SG&A Expenses | $19.0M+8.5% | $17.5M-19.3% | $21.7M+8.7% | $19.9M+1.0% | $19.7M-15.5% | $23.4M+22.5% | $19.1M+5.4% | $18.1M |
| Operating Income | $5.1M-19.8% | $6.3M+82.6% | $3.5M-28.4% | $4.8M+332.1% | $1.1M+131.4% | -$3.6M-794.3% | $512K-75.8% | $2.1M |
| Interest Expense | $1.1M+1.6% | $1.1M-6.4% | $1.2M-6.0% | $1.2M-0.3% | $1.2M+299.4% | $311K | N/A | $0 |
| Income Tax | $353K-65.6% | $1.0M-61.9% | $2.7M+22.5% | $2.2M+304.0% | -$1.1M-3086.1% | $36K-96.1% | $935K-34.3% | $1.4M |
| Net Income | $4.3M-10.9% | $4.8M+59987.5% | -$8K-100.6% | $1.3M+12.9% | $1.1M+137.8% | -$3.0M-621.0% | $582K-73.6% | $2.2M |
| EPS (Diluted) | $0.10-16.7% | $0.12 | $0.00-100.0% | $0.030.0% | $0.03+137.5% | -$0.08 | $0.01 | $0.06 |
PDFS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $519.2M+20.6% | $430.6M+2.8% | $418.7M+3.0% | $406.4M+3.9% | $391.1M+0.3% | $390.0M+23.7% | $315.3M+2.6% | $307.4M |
| Current Assets | $252.6M+43.8% | $175.6M+7.2% | $163.9M+12.2% | $146.1M+8.4% | $134.8M-4.1% | $140.6M-31.7% | $206.0M+7.6% | $191.4M |
| Cash & Equivalents | $114.9M+268.8% | $31.2M-26.2% | $42.2M+17.7% | $35.9M-4.1% | $37.4M-14.4% | $43.7M-51.7% | $90.6M-6.1% | $96.4M |
| Accounts Receivable | $90.6M-5.7% | $96.0M+15.8% | $82.9M+10.7% | $74.9M+8.2% | $69.3M+8.8% | $63.7M-13.5% | $73.6M+57.8% | $46.7M |
| Goodwill | $95.0M0.0% | $95.0M0.0% | $95.0M-1.8% | $96.8M0.0% | $96.8M+0.2% | $96.6M+546.3% | $15.0M-0.4% | $15.0M |
| Total Liabilities | $146.7M-2.3% | $150.1M+1.6% | $147.7M+4.0% | $142.0M+6.3% | $133.6M-5.2% | $141.0M+103.6% | $69.3M+3.5% | $66.9M |
| Current Liabilities | $73.3M-2.3% | $75.0M+4.3% | $71.9M+8.8% | $66.1M+16.0% | $57.0M-11.4% | $64.3M+6.2% | $60.5M+4.9% | $57.7M |
| Long-Term Debt | $63.7M-0.9% | $64.2M-0.8% | $64.8M-0.9% | $65.3M-0.8% | $65.9M-0.8% | $66.4M | $0 | N/A |
| Total Equity | $372.5M+32.8% | $280.5M+3.5% | $271.0M+2.5% | $264.4M+2.7% | $257.5M+3.4% | $249.0M+1.2% | $246.0M+2.3% | $240.5M |
| Retained Earnings | -$85.6M+4.8% | -$89.8M+5.1% | -$94.6M-0.1% | -$94.6M+1.3% | -$95.9M+1.2% | -$97.0M-3.2% | -$94.0M+0.6% | -$94.5M |
Not reported in any period shown, so not listed: Inventory.
PDFS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.4M+879.7% | $1.7M-90.3% | $17.3M+427.6% | $3.3M+163.0% | -$5.2M-160.4% | $8.6M+438.0% | $1.6M-82.7% | $9.3M |
| Capital Expenditures | $14.1M+34.2% | $10.5M+7.0% | $9.8M+58.2% | $6.2M-27.6% | $8.5M+5.4% | $8.1M+43.8% | $5.6M+35.0% | $4.2M |
| Free Cash Flow | $2.3M+126.7% | -$8.8M-216.5% | $7.5M+360.2% | -$2.9M+78.9% | -$13.8M-2672.1% | $535K+113.3% | -$4.0M-179.0% | $5.1M |
| Investing Cash Flow | -$14.1M-34.1% | -$10.5M-7.2% | -$9.8M-194.6% | -$3.3M-763.4% | -$385K+99.7% | -$123.9M-1922.6% | -$6.1M-52.9% | -$4.0M |
| Financing Cash Flow | $81.3M+3890.1% | -$2.1M-141.1% | -$890K+25.3% | -$1.2M+9.2% | -$1.3M-101.9% | $68.0M+21010.2% | -$325K+81.5% | -$1.8M |
| Share Buybacks | N/A | N/A | $0-100.0% | $244K | N/A | N/A | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
PDFS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.0%-2.9pp | 71.8%-1.0pp | 72.9%+0.6pp | 72.3%+1.0pp | 71.2%-1.7pp | 72.9%+4.6pp | 68.3%-4.8pp | 73.1% |
| Operating Margin | 8.2%-2.3pp | 10.5%+5.0pp | 5.5%-2.9pp | 8.5%+6.3pp | 2.2%+9.6pp | -7.4%-8.5pp | 1.0%-3.5pp | 4.6% |
| Net Margin | 6.9%-1.0pp | 8.0%+8.0pp | 0.0%-2.3pp | 2.3%+0.1pp | 2.2%+8.6pp | -6.3%-7.5pp | 1.2%-3.6pp | 4.8% |
| Return on Equity | 1.1%-0.6pp | 1.7%+1.7pp | 0.0%-0.5pp | 0.5%0.0pp | 0.4%+1.7pp | -1.2%-1.5pp | 0.2%-0.7pp | 0.9% |
| Return on Assets | 0.8%-0.3pp | 1.1%+1.1pp | 0.0%-0.3pp | 0.3%0.0pp | 0.3%+1.1pp | -0.8%-1.0pp | 0.2%-0.5pp | 0.7% |
| Current Ratio | 3.45+1.1x | 2.34+0.1x | 2.28+0.1x | 2.21-0.2x | 2.37+0.2x | 2.19-1.2x | 3.40+0.1x | 3.32 |
| Debt-to-Equity | 0.17-0.1x | 0.230.0x | 0.240.0x | 0.250.0x | 0.260.0x | 0.27+0.3x | 0.00-0.3x | 0.28 |
| FCF Margin | 3.8%+18.4pp | -14.6%-26.7pp | 12.1%+17.2pp | -5.1%+21.5pp | -26.6%-27.7pp | 1.1%+9.2pp | -8.1%-19.0pp | 11.0% |
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Where Pdf Solutions Ranks
Frequently Asked Questions
What is Pdf Solutions's annual revenue?
Pdf Solutions (PDFS) reported $219.0M in total revenue for fiscal year 2025. This represents a 22.0% 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 22.0% year-over-year, from $179.5M to $219.0M in fiscal year 2025.
Is Pdf Solutions profitable?
No, Pdf Solutions (PDFS) reported a net income of -$600K in fiscal year 2025, with a net profit margin of -0.3%.
What is Pdf Solutions's EBITDA?
Pdf Solutions (PDFS) had EBITDA of $9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pdf Solutions have?
As of fiscal year 2025, Pdf Solutions (PDFS) had $42.2M in cash and equivalents against $64.8M in long-term debt.
What is Pdf Solutions's gross margin?
Pdf Solutions (PDFS) had a gross margin of 72.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pdf Solutions's operating margin?
Pdf Solutions (PDFS) had an operating margin of 2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Pdf Solutions's net profit margin?
Pdf Solutions (PDFS) had a net profit margin of -0.3% in fiscal year 2025, 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 -0.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pdf Solutions's free cash flow?
Pdf Solutions (PDFS) recorded an outflow of $8.6M in free cash flow during fiscal year 2025. This represents a -15.1% 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 $24.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pdf Solutions's total assets?
Pdf Solutions (PDFS) had $418.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pdf Solutions's capital expenditures?
Pdf Solutions (PDFS) invested $32.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Pdf Solutions spend on research and development?
Pdf Solutions (PDFS) invested $64.2M in research and development during fiscal year 2025.
What is Pdf Solutions's current ratio?
Pdf Solutions (PDFS) had a current ratio of 2.28 as of fiscal year 2025, which is generally considered healthy.
What is Pdf Solutions's debt-to-equity ratio?
Pdf Solutions (PDFS) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, 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 -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pdf Solutions's Altman Z-Score?
Pdf Solutions (PDFS) has an Altman Z-Score of 8.15, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Pdf Solutions's Piotroski F-Score?
Pdf Solutions (PDFS) has a Piotroski F-Score of 3 out of 9, indicating weak 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 to 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) reported a net loss of $600K while generating $24.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Can Pdf Solutions cover its interest payments?
Pdf Solutions (PDFS) has an interest coverage ratio of 1.48x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Pdf Solutions?
Pdf Solutions (PDFS) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.