Silvaco Group Financials
This page shows Silvaco Group (SVCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
High gross margins are being overwhelmed by a cost structure that now turns modest growth into deeper cash burn.
Between FY2023 and FY2025, combined SG&A and R&D expanded from$31.1M to$63.9M , turning a high-gross-margin model into one where overhead now outruns the business's gross profit. FY2025 operating cash flow of-$33.9M was close to net loss of-$41.2M , showing the deficit is largely cash-funded rather than an accounting-only gap.
Gross margin stayed unusually high even in FY2025 at
Liquidity tightened quickly: cash fell from
Financial Health Signals
Scored against emerging 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 Silvaco Group'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.
Silvaco Group scores 3.34, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($379.0M) relative to total liabilities ($47.7M). 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.
Silvaco Group passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Silvaco Group generates $0.82 in operating cash flow (-$33.9M OCF vs -$41.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Silvaco Group generated $63.1M in revenue in fiscal year 2025. This represents an increase of 5.7% from the prior year.
Silvaco Group's EBITDA was -$42.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.8% from the prior year.
Silvaco Group reported -$41.2M in net income in fiscal year 2025. This represents a decrease of 4.6% from the prior year.
Silvaco Group earned $-1.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.2% from the prior year.
Cash & Balance Sheet
Silvaco Group generated -$34.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 70.2% from the prior year.
Silvaco Group held $9.0M in cash against $0 in long-term debt as of fiscal year 2025.
Silvaco Group had 31M shares outstanding in fiscal year 2025. This represents an increase of 8.5% from the prior year.
Margins & Returns
Silvaco Group's gross margin was 78.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.
Silvaco Group's operating margin was -72.8% in fiscal year 2025, reflecting core business profitability. This is down 5.3 percentage points from the prior year.
Silvaco Group's net profit margin was -65.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Silvaco Group's ROE was -54.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 15.6 percentage points from the prior year.
Capital Allocation
Silvaco Group invested $29.9M in research and development in fiscal year 2025. This represents an increase of 44.0% from the prior year.
Silvaco Group invested $618K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 22.4% from the prior year.
SVCO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.8M-2.7% | $18.3M-2.2% | $18.7M+55.0% | $12.0M-14.5% | $14.1M-21.1% | $17.9M+62.8% | $11.0M-26.7% | $15.0M |
| Cost of Revenue | $2.4M-20.5% | $3.0M-26.4% | $4.1M+18.0% | $3.5M+16.2% | $3.0M+24.5% | $2.4M-13.1% | $2.8M-42.7% | $4.9M |
| Gross Profit | $15.3M+0.8% | $15.2M+4.6% | $14.5M+70.2% | $8.5M-22.9% | $11.1M-28.3% | $15.4M+88.6% | $8.2M-18.9% | $10.1M |
| R&D Expenses | $9.2M-12.0% | $10.4M+19.1% | $8.7M+47.9% | $5.9M+23.1% | $4.8M-9.1% | $5.3M+27.8% | $4.1M-46.4% | $7.7M |
| SG&A Expenses | $7.0M+0.7% | $7.0M-36.0% | $10.9M+34.8% | $8.1M-0.7% | $8.1M+7.8% | $7.5M+5.6% | $7.1M-61.1% | $18.3M |
| Operating Income | -$5.7M+16.5% | -$6.8M+27.4% | -$9.3M+7.9% | -$10.1M+48.3% | -$19.6M-909.9% | $2.4M+133.2% | -$7.3M+80.7% | -$37.8M |
| Interest Expense | N/A | N/A | N/A | $443K+52.2% | $291K+334.3% | $67K-75.9% | $278K-20.3% | $349K |
| Income Tax | $136K-73.8% | $519K+114.2% | -$3.6M-593.0% | -$526K-346.9% | $213K+129.5% | -$723K-484.6% | $188K-12.1% | $214K |
| Net Income | -$5.9M+18.9% | -$7.2M-36.3% | -$5.3M+43.7% | -$9.4M+51.2% | -$19.3M-563.6% | $4.2M+163.5% | -$6.6M+82.9% | -$38.4M |
| EPS (Diluted) | $-0.19 | N/A | $-0.18+43.8% | $-0.32+52.2% | $-0.67 | N/A | $-0.23+85.2% | $-1.55 |
SVCO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $111.5M-9.1% | $122.6M-6.1% | $130.6M+2.3% | $127.6M-7.6% | $138.1M-3.0% | $142.3M-2.8% | $146.5M-2.0% | $149.4M |
| Current Assets | $38.2M-17.2% | $46.1M-13.1% | $53.0M-35.5% | $82.1M-17.8% | $99.9M-6.9% | $107.3M-9.5% | $118.6M+9.6% | $108.2M |
| Cash & Equivalents | $10.9M+21.3% | $9.0M-24.6% | $11.9M-9.0% | $13.1M-55.5% | $29.5M+50.4% | $19.6M-26.3% | $26.6M-22.4% | $34.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $9.2M-5.3% | $9.7M+29.7% | $7.5M-24.3% | $9.9M+71.0% | $5.8M-37.2% | $9.2M+82.9% | $5.0M-25.7% | $6.8M |
| Goodwill | $30.1M0.0% | $30.1M-1.6% | $30.6M+63.5% | $18.7M+30.4% | $14.3M+58.8% | $9.0M0.0% | $9.0M0.0% | $9.0M |
| Total Liabilities | $34.7M-27.1% | $47.7M-7.5% | $51.5M+7.2% | $48.0M-11.9% | $54.5M+29.1% | $42.3M-11.6% | $47.8M+0.5% | $47.6M |
| Current Liabilities | $27.0M-29.8% | $38.4M-8.0% | $41.8M+8.2% | $38.6M-17.4% | $46.7M+35.5% | $34.5M-14.7% | $40.4M+1.0% | $40.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $76.7M+2.3% | $75.0M-5.2% | $79.1M-0.6% | $79.6M-4.8% | $83.6M-16.5% | $100.1M+1.5% | $98.7M-3.1% | $101.8M |
| Retained Earnings | -$75.1M-8.5% | -$69.2M-11.7% | -$62.0M-9.3% | -$56.7M-19.9% | -$47.3M-68.8% | -$28.0M+12.9% | -$32.2M-25.6% | -$25.6M |
SVCO Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.0M-16.3% | -$9.5M-21.2% | -$7.8M+49.5% | -$15.5M-1263.7% | -$1.1M+87.5% | -$9.1M-386.2% | -$1.9M+69.9% | -$6.2M |
| Capital Expenditures | $0-100.0% | $38K-89.4% | $358K+184.1% | $126K+31.3% | $96K-40.4% | $161K-44.1% | $288K+526.1% | $46K |
| Free Cash Flow | -$11.0M-15.9% | -$9.5M-16.4% | -$8.2M+47.6% | -$15.6M-1167.6% | -$1.2M+86.7% | -$9.3M-328.9% | -$2.2M+65.5% | -$6.3M |
| Investing Cash Flow | $1.0M-60.5% | $2.5M-25.1% | $3.4M-79.4% | $16.4M+43.9% | $11.4M+77.7% | $6.4M+226.1% | -$5.1M+92.5% | -$67.9M |
| Financing Cash Flow | $3.7M+15266.7% | $24K+103.8% | -$639K+41.7% | -$1.1M-117.9% | -$503K+88.2% | -$4.2M-385.5% | -$875K-100.9% | $102.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SVCO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.4%+3.0pp | 83.3%+5.5pp | 77.9%+6.9pp | 70.9%-7.7pp | 78.6%-7.8pp | 86.4%+11.8pp | 74.6%+7.1pp | 67.5% |
| Operating Margin | -31.9%+5.3pp | -37.1%+12.9pp | -50.0%+34.2pp | -84.2%+55.1pp | -139.3%-152.9pp | 13.6%+80.1pp | -66.5%+186.0pp | -252.6% |
| Net Margin | -33.0%+6.6pp | -39.6%-11.2pp | -28.4%+49.7pp | -78.1%+58.7pp | -136.8%-160.0pp | 23.3%+83.0pp | -59.7%+196.9pp | -256.6% |
| Return on Equity | -7.6%+2.0pp | -9.6%-2.9pp | -6.7%+5.1pp | -11.8%+11.2pp | -23.1%-27.2pp | 4.2%+10.8pp | -6.6%+31.1pp | -37.7% |
| Return on Assets | -5.3%+0.6pp | -5.9%-1.8pp | -4.1%+3.3pp | -7.4%+6.6pp | -14.0%-16.9pp | 2.9%+7.4pp | -4.5%+21.2pp | -25.7% |
| Current Ratio | 1.42+0.2 | 1.20-0.1 | 1.27-0.9 | 2.13-0.0 | 2.14-1.0 | 3.11+0.2 | 2.93+0.2 | 2.70 |
| Debt-to-Equity | 0.45-0.2 | 0.64-0.0 | 0.65+0.0 | 0.60-0.0 | 0.65+0.2 | 0.42-0.1 | 0.48+0.0 | 0.47 |
| FCF Margin | -62.1%-10.0pp | -52.1%-8.3pp | -43.8%+85.7pp | -129.5%-120.8pp | -8.7%+43.2pp | -51.9%-32.2pp | -19.7%+22.2pp | -41.9% |
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Frequently Asked Questions
What is Silvaco Group's annual revenue?
Silvaco Group (SVCO) reported $63.1M in total revenue for fiscal year 2025. This represents a 5.7% 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 Silvaco Group's revenue growing?
Silvaco Group (SVCO) revenue grew by 5.7% year-over-year, from $59.7M to $63.1M in fiscal year 2025.
Is Silvaco Group profitable?
No, Silvaco Group (SVCO) reported a net income of -$41.2M in fiscal year 2025, with a net profit margin of -65.3%.
What is Silvaco Group's EBITDA?
Silvaco Group (SVCO) had EBITDA of -$42.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Silvaco Group's gross margin?
Silvaco Group (SVCO) had a gross margin of 78.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Silvaco Group's operating margin?
Silvaco Group (SVCO) had an operating margin of -72.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Silvaco Group's net profit margin?
Silvaco Group (SVCO) had a net profit margin of -65.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Silvaco Group's return on equity (ROE)?
Silvaco Group (SVCO) has a return on equity of -54.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Silvaco Group's free cash flow?
Silvaco Group (SVCO) generated -$34.5M in free cash flow during fiscal year 2025. This represents a -70.2% 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 Silvaco Group's operating cash flow?
Silvaco Group (SVCO) generated -$33.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Silvaco Group's total assets?
Silvaco Group (SVCO) had $122.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Silvaco Group's capital expenditures?
Silvaco Group (SVCO) invested $618K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Silvaco Group spend on research and development?
Silvaco Group (SVCO) invested $29.9M in research and development during fiscal year 2025.
What is Silvaco Group's current ratio?
Silvaco Group (SVCO) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.
What is Silvaco Group's debt-to-equity ratio?
Silvaco Group (SVCO) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Silvaco Group's return on assets (ROA)?
Silvaco Group (SVCO) had a return on assets of -33.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Silvaco Group's cash runway?
Based on fiscal year 2025 data, Silvaco Group (SVCO) had $9.0M in cash against an annual operating cash burn of $33.9M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Silvaco Group's Altman Z-Score?
Silvaco Group (SVCO) has an Altman Z-Score of 3.34, 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 Silvaco Group's Piotroski F-Score?
Silvaco Group (SVCO) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Silvaco Group's earnings high quality?
Silvaco Group (SVCO) has an earnings quality ratio of 0.82x, considered low quality (accrual-driven). 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 Silvaco Group?
Silvaco Group (SVCO) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.