Welcome to our dedicated page for PDF SOLUTIONS SEC filings (Ticker: PDFS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PDF Solutions Inc. filings document financial results, governance matters, capital structure, and material events for a Nasdaq-listed semiconductor data solutions company. Form 8-K reports furnish quarterly earnings releases and management reports, and also disclose items such as credit agreement amendments, Regulation FD updates, and corrections to prior operating discussion.
Proxy materials cover director elections, auditor ratification, equity compensation plans, employee stock purchase plan approvals, advisory executive compensation votes, and related executive compensation disclosures. The company’s filings also identify its Delaware corporate status and common stock registered on The Nasdaq Stock Market under the symbol PDFS.
PDF Solutions reported record results for 2025, with total revenue of $219.0 million, up 22% from 2024, and fourth-quarter revenue of $62.4 million, up 25% from the prior year’s quarter.
Full-year GAAP gross margin improved to 72% and non-GAAP gross margin to 76%. Non-GAAP operating margin rose to 21%, while non-GAAP net income reached $37.2 million, or $0.94 per diluted share. GAAP results were near breakeven, with a small net loss of $0.6 million, or $(0.02) per share.
Revenue mix strengthened, as platform revenue grew to $181.0 million and volume-based revenue to $38.0 million, with recurring revenue at 94% of 2025 revenue. The company ended 2025 with a reported backlog of $254 million, completed the acquisition of SecureWise LLC, added debt, and used $24.1 million of operating cash flow against $32.8 million of capital expenditures. Management stated it expects 2026 revenue growth consistent with its 20% long-term revenue growth target.
PDF Solutions Inc director and EVP of Products and Solutions reported a charitable donation of 5,070 shares of common stock on 12/09/2025. The transaction is coded as a gift at a reported price of $0 per share, reflecting transfers of 5,000 and 70 shares to two different institutions.
After this donation, the reporting person beneficially owns 1,542,072 shares of common stock indirectly through a trust and 28,298 shares indirectly through a spouse, indicating a substantial remaining ownership stake.
PDF Solutions filed an 8-K under Regulation FD to correct narrative wording in its Q3 2025 Form 10-Q. The Financial Highlights had mischaracterized the source of the nine-month Analytics revenue change.
The corrected disclosure states that the increase in Analytics revenue for the nine months ended September 30, 2025 was partly due to higher revenues from DFI systems, and that the total increase was partially offset by a decrease in revenue from Exensio software licenses. The information is furnished under Item 7.01 and is not deemed filed.
PDF Solutions (PDFS) reported Q3 2025 results, with total revenue of $57.115 million (Analytics $54.662 million; Integrated Yield Ramp $2.453 million). Income from operations was $4.827 million, and net income was $1.294 million, reflecting higher interest expense after new borrowings.
The company completed the SecureWise acquisition on March 7, 2025, driving goodwill to $96.780 million and intangible assets to $54.246 million. To support the deal, PDF Solutions entered a credit agreement comprising a $45.0 million revolver and a $25.0 million term loan; principal outstanding was $68.750 million (net debt reported at $67.558 million). Cash and cash equivalents were $35.880 million as of September 30, 2025.
Operating cash flow was $6.712 million for the nine months, while investing cash flow included $129.718 million paid for the acquisition. Remaining performance obligations totaled $292.0 million, with more than half expected to be recognized over the next two years. There were 39,512,959 shares outstanding as of November 3, 2025.
PDF Solutions, Inc. furnished an update under Item 2.02, providing a press release and a management report covering financial results and other information for the third quarter ended September 30, 2025. The materials are attached as Exhibits 99.1 (press release) and 99.2 (management report), and were also posted on the company’s investor website.
The company specified that this information is being furnished, not filed, under the Exchange Act, and therefore is not subject to Section 18 liabilities unless specifically incorporated by reference.
PDF Solutions (PDFS) Form 4: On 1-Aug-2025, EVP Finance & CFO Adnan Raza was granted 35,000 restricted stock units (RSUs). The award vests 12.5% on 1-Jan-2026 and every six months thereafter until fully vested, subject to continued service. No shares were sold or disposed of.
Following the grant, Raza’s direct ownership rose to 76,508 common shares, which includes one share acquired 31-Jul-2025 under the employee stock-purchase plan. He also holds 22,373 shares indirectly through the Adnan & Kanwal Raza Family Trust, bringing total beneficial ownership to 98,881 shares. No derivative securities were reported.
The filing, submitted 4-Aug-2025, reflects a routine equity compensation grant that increases management’s equity alignment but does not involve open-market buying or selling.
PDF Solutions (PDFS) Form 4: Chief Technology Officer Andrzej Strojwas reported an 8,000-share restricted stock unit (RSU) award granted 01 Aug 2025. The award represents new, non-derivative common stock that will vest 12.5 % on 1 Jan 2026 and every six months thereafter until fully vested, contingent on continued employment. Following the grant, Strojwas’ direct beneficial ownership rises to 91,966 common shares, which already include 353 shares bought 31 Jul 2025 under the employee stock-purchase plan. No dispositions or option exercises were disclosed.
The filing signals ongoing equity-based compensation rather than an open-market purchase; cash outlay was zero, so the grant has no immediate cash flow impact on the executive or the company. Dilution from 8,000 shares is de-minimis (<1 % of outstanding). Overall, the transaction modestly tightens management-shareholder alignment but is unlikely to materially move the stock.