PDF Solutions (PDFS) Financials

$17.70 -0.61 (-3.33%)

Closing price 04:00 PM Eastern

Extended Trading

$17.68 -0.02 (-0.14%)

As of 04:21 PM Eastern

Annual Income Statements for PDF Solutions

This table shows PDF Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	4.06	3.11	-3.43
Consolidated Net Income / (Loss)	4.06	3.11	-3.43
Net Income / (Loss) Continuing Operations	4.06	3.11	-3.43
Total Pre-Tax Income	6.58	4.87	0.47
Total Operating Income	0.94	-0.15	-2.09
Total Gross Profit	125	114	101
Total Revenue	179	166	149
Operating Revenue	179	166	149
Total Cost of Revenue	54	52	48
Operating Cost of Revenue	54	52	48
Total Operating Expenses	124	114	103
Selling, General & Admin Expense	70	62	45
Research & Development Expense	54	51	56
Amortization Expense	0.90	1.29	1.27
Total Other Income / (Expense), net	5.64	5.02	2.56
Interest & Investment Income	5.64	5.02	2.56
Income Tax Expense	2.52	1.76	3.90
Basic Earnings per Share	$0.11	$0.08	($0.09)
Weighted Average Basic Shares Outstanding	38.60M	38.02M	37.31M
Diluted Earnings per Share	$0.10	$0.08	($0.09)
Weighted Average Diluted Shares Outstanding	39.05M	38.94M	37.31M
Weighted Average Basic & Diluted Shares Outstanding	39.11M	38.58M	37.77M

This table shows PDF Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-3.03	0.54	2.21	1.71	-0.39	0.89	-4.97	6.84	0.36	0.48	1.39
Consolidated Net Income / (Loss)	-3.03	0.54	2.21	1.71	-0.39	0.89	-4.97	6.84	0.36	0.48	1.39
Net Income / (Loss) Continuing Operations	-3.03	0.54	2.21	1.71	-0.39	0.89	-4.97	6.84	0.36	0.48	1.39
Total Pre-Tax Income	-3.00	1.47	3.63	1.74	-0.27	0.14	1.03	2.95	0.75	1.07	2.20
Total Operating Income	-3.56	0.51	2.12	0.26	-1.96	-0.88	-0.98	1.88	-0.17	1.32	0.69
Total Gross Profit	35	34	34	29	28	28	28	29	29	29	27
Total Revenue	48	50	46	42	41	41	42	42	41	41	40
Operating Revenue	48	50	46	42	41	41	42	42	41	41	40
Total Cost of Revenue	13	16	12	12	14	13	14	12	12	12	13
Operating Cost of Revenue	13	16	12	12	14	13	14	12	12	12	13
Total Operating Expenses	38	34	32	29	30	29	29	27	29	27	27
Selling, General & Admin Expense	23	19	18	16	16	16	16	15	16	13	12
Research & Development Expense	15	14	14	13	13	12	13	12	13	14	14
Amortization Expense	0.38	0.18	0.20	0.26	0.26	0.31	0.33	0.33	0.33	0.32	0.32
Total Other Income / (Expense), net	0.56	0.96	1.51	1.48	1.69	1.02	2.02	1.07	0.91	-0.25	1.51
Interest Expense	0.31	-	-	-	-	-	-	-	-	-	-
Other Income / (Expense), net	0.87	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	0.04	0.94	1.42	0.04	0.13	-0.74	6.01	-3.89	0.39	0.59	0.82
Basic Earnings per Share	($0.08)	$0.02	$0.06	$0.04	($0.01)	$0.02	($0.13)	$0.18	$0.01	$0.01	$0.04
Weighted Average Basic Shares Outstanding	39.09M	38.60M	38.71M	38.62M	38.50M	38.02M	38.19M	37.86M	37.74M	37.31M	37.23M
Diluted Earnings per Share	($0.08)	$0.01	$0.06	$0.04	($0.01)	$0.03	($0.13)	$0.17	$0.01	$0.01	$0.04
Weighted Average Diluted Shares Outstanding	39.09M	39.05M	39.11M	39.13M	38.50M	38.94M	38.19M	39.08M	38.86M	37.31M	38.05M
Weighted Average Basic & Diluted Shares Outstanding	39.14M	39.11M	38.77M	38.75M	38.40M	38.58M	38.26M	38.13M	37.85M	37.77M	37.38M

This table details how cash moves in and out of PDF Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-8.38	-21	92
Net Cash From Operating Activities	9.70	15	32
Net Cash From Continuing Operating Activities	9.70	15	32
Net Income / (Loss) Continuing Operations	4.06	3.11	-3.43
Consolidated Net Income / (Loss)	4.06	3.11	-3.43
Depreciation Expense	3.63	4.99	5.53
Amortization Expense	4.36	4.52	4.85
Non-Cash Adjustments To Reconcile Net Income	26	21	21
Changes in Operating Assets and Liabilities, net	-29	-19	4.11
Net Cash From Investing Activities	-5.94	-29	85
Net Cash From Continuing Investing Activities	-5.94	-29	85
Purchase of Property, Plant & Equipment	-18	-11	-8.43
Acquisitions	0.00	-1.97	-0.15
Purchase of Investments	-54	-60	-58
Sale of Property, Plant & Equipment	0.06	0.11	0.00
Sale and/or Maturity of Investments	68	44	152
Other Investing Activities, net	-2.00	0.00	0.00
Net Cash From Financing Activities	-11	-5.89	-24
Net Cash From Continuing Financing Activities	-11	-5.89	-24
Repurchase of Common Equity	-6.90	-0.74	-22
Issuance of Common Equity	4.07	3.83	3.01
Other Financing Activities, net	-8.41	-8.98	-4.85
Effect of Exchange Rate Changes	-0.92	-0.37	-0.65
Cash Income Taxes Paid	2.56	3.78	2.85

This table details how cash moves in and out of PDF Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-47	-5.83	4.44	6.73	-14	-13	11	-14	-5.24	-21	59
Net Cash From Operating Activities	8.64	1.61	9.28	0.68	-1.86	2.03	19	-5.63	-0.98	24	1.40
Net Cash From Continuing Operating Activities	8.64	1.61	9.28	0.68	-1.86	2.03	19	-5.63	-0.98	24	1.40
Net Income / (Loss) Continuing Operations	-3.03	0.54	2.21	1.71	-0.39	0.89	-4.97	6.84	0.36	0.48	1.39
Consolidated Net Income / (Loss)	-3.03	0.54	2.21	1.71	-0.39	0.89	-4.97	6.84	0.36	0.48	1.39
Depreciation Expense	0.69	0.73	0.77	1.07	1.06	1.21	1.23	1.24	1.30	1.35	1.40
Amortization Expense	1.73	1.20	1.10	1.07	0.99	1.10	1.14	1.18	1.10	1.16	1.18
Non-Cash Adjustments To Reconcile Net Income	6.28	9.95	6.06	3.61	6.80	7.06	4.21	6.16	3.49	6.60	4.81
Changes in Operating Assets and Liabilities, net	2.97	-11	-0.86	-6.77	-10	-8.23	18	-21	-7.23	15	-7.38
Net Cash From Investing Activities	-124	-6.12	-4.01	6.84	-2.64	-15	-4.56	-7.42	-2.25	1.25	11
Net Cash From Continuing Investing Activities	-124	-6.12	-4.01	6.84	-2.64	-15	-4.56	-7.42	-2.25	-45	57
Purchase of Property, Plant & Equipment	-8.20	-5.85	-4.60	-5.32	-2.02	-2.41	-2.92	-3.10	-2.90	-1.73	-2.12
Acquisitions	-130	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-2.94	-11	-18	-5.85	-20	-27	-8.77	-17	-6.35	-	-
Sale and/or Maturity of Investments	17	11	20	18	19	15	9.00	13	7.00	16	24
Net Cash From Financing Activities	68	-0.33	-1.76	-0.40	-8.75	-0.31	-3.10	-0.38	-2.09	-0.12	0.18
Net Cash From Continuing Financing Activities	68	-0.33	-1.76	-0.40	-8.75	-0.31	-3.10	-0.38	-2.09	-0.12	0.18
Repurchase of Common Equity	0.00	-	-	-	-6.90	-	-0.74	-	0.00	-	-
Issuance of Debt	69	-	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	2.12	-	2.16	-	1.92	-	2.17	-	1.66	-	1.51
Other Financing Activities, net	-3.31	-0.33	-3.91	-0.40	-3.77	-0.31	-4.53	-0.38	-3.76	-0.12	-1.33
Effect of Exchange Rate Changes	0.40	-0.99	0.93	-0.39	-0.47	0.40	-0.27	-0.58	0.09	-	-
Cash Income Taxes Paid	0.23	0.50	0.77	0.62	0.67	0.22	0.43	1.15	1.99	0.85	0.31

This table presents PDF Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	315	290	279
Total Current Assets	206	198	193
Cash & Equivalents	91	99	120
Short-Term Investments	24	37	20
Accounts Receivable	74	45	42
Prepaid Expenses	17	17	12
Plant, Property, & Equipment, net	48	37	40
Total Noncurrent Assets	61	55	45
Goodwill	15	15	14
Intangible Assets	12	16	18
Noncurrent Deferred & Refundable Income Taxes	0.04	0.16	0.06
Other Noncurrent Operating Assets	34	24	13
Total Liabilities & Shareholders' Equity	315	290	279
Total Liabilities	69	61	69
Total Current Liabilities	61	51	58
Accounts Payable	8.26	2.56	6.39
Accrued Expenses	8.75	4.63	5.58
Current Deferred Revenue	25	27	28
Current Employee Benefit Liabilities	17	15	17
Other Current Liabilities	1.68	1.53	1.41
Total Noncurrent Liabilities	8.71	10	10
Noncurrent Deferred Revenue	2.92	2.97	2.62
Other Noncurrent Operating Liabilities	5.80	7.38	7.84
Total Equity & Noncontrolling Interests	246	229	210
Total Preferred & Common Equity	246	229	210
Total Common Equity	246	229	210
Common Stock	503	473	447
Retained Earnings	-94	-98	-101
Treasury Stock	-159	-144	-134
Accumulated Other Comprehensive Income / (Loss)	-3.53	-2.39	-2.55

This table presents PDF Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	390	307	298	287	282	290	279	266
Total Current Assets	141	191	193	187	194	204	193	181
Cash & Equivalents	44	96	92	85	112	100	114	94
Short-Term Investments	10	24	26	38	24	24	19	22
Accounts Receivable	64	47	56	47	41	61	47	55
Prepaid Expenses	23	25	19	17	18	19	13	9.46
Plant, Property, & Equipment, net	57	46	41	36	38	43	42	39
Total Noncurrent Assets	193	70	64	63	50	43	44	47
Goodwill	97	15	15	15	15	14	14	14
Intangible Assets	58	13	14	15	16	16	17	19
Noncurrent Deferred & Refundable Income Taxes	0.22	0.17	0.15	0.15	0.03	0.08	0.09	0.02
Other Noncurrent Operating Assets	38	42	35	34	19	12	13	14
Total Liabilities & Shareholders' Equity	390	307	298	287	282	290	279	266
Total Liabilities	141	67	66	61	61	66	66	63
Total Current Liabilities	64	58	55	52	50	52	54	52
Short-Term Debt	2.24	-	-	-	-	-	-	-
Accounts Payable	9.39	7.50	4.22	5.73	2.63	2.28	6.29	5.19
Accrued Expenses	13	6.51	5.99	4.96	4.77	5.50	5.87	6.47
Current Deferred Revenue	27	29	32	30	30	32	27	27
Current Employee Benefit Liabilities	11	13	11	9.49	12	11	14	13
Other Current Liabilities	1.59	1.71	1.61	1.63	1.50	1.54	1.57	1.45
Total Noncurrent Liabilities	77	9.16	10	9.61	11	14	12	10
Long-Term Debt	66	-	-	-	-	-	-	-
Noncurrent Deferred Revenue	2.93	2.88	2.67	2.98	2.82	2.43	2.64	4.30
Other Noncurrent Operating Liabilities	7.35	6.27	7.71	6.63	8.15	12	8.96	6.07
Total Equity & Noncontrolling Interests	249	240	232	225	222	224	213	203
Total Preferred & Common Equity	249	240	232	225	222	224	213	203
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	249	240	232	225	222	224	213	203
Common Stock	512	496	487	481	467	459	454	442
Retained Earnings	-97	-95	-97	-98	-99	-94	-101	-102
Treasury Stock	-163	-159	-155	-155	-144	-138	-138	-133
Accumulated Other Comprehensive Income / (Loss)	-3.08	-2.25	-3.26	-2.93	-3.23	-2.67	-2.28	-3.91

This table displays calculated financial ratios and metrics derived from PDF Solutions' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	8.22%	11.64%	33.76%
EBITDA Growth	-4.58%	12.96%	194.23%
EBIT Growth	719.21%	92.78%	88.99%
NOPAT Growth	698.77%	-100.63%	214.76%
Net Income Growth	30.66%	190.55%	84.04%
EPS Growth	25.00%	188.89%	84.48%
Operating Cash Flow Growth	-33.54%	-54.80%	661.21%
Free Cash Flow Firm Growth	-63.74%	-195.37%	789.79%
Invested Capital Growth	40.38%	31.90%	-10.75%
Revenue Q/Q Growth	5.26%	0.36%	7.71%
EBITDA Q/Q Growth	12.74%	-20.43%	579.89%
EBIT Q/Q Growth	305.95%	-107.37%	76.98%
NOPAT Q/Q Growth	251.30%	-110.09%	339.97%
Net Income Q/Q Growth	-7.90%	14.96%	68.58%
EPS Q/Q Growth	-16.67%	33.33%	68.97%
Operating Cash Flow Q/Q Growth	-4.18%	-60.38%	282.72%
Free Cash Flow Firm Q/Q Growth	-7.71%	-1,311.61%	311.41%
Invested Capital Q/Q Growth	9.01%	8.38%	-18.70%
Profitability Metrics	-	-	-
Gross Margin	69.83%	68.79%	67.75%
EBITDA Margin	4.97%	5.64%	5.57%
Operating Margin	0.52%	-0.09%	-1.41%
EBIT Margin	0.52%	-0.09%	-1.41%
Profit (Net Income) Margin	2.26%	1.87%	-2.31%
Tax Burden Percent	61.67%	63.77%	-729.57%
Interest Burden Percent	703.64%	-3,224.50%	-22.47%
Effective Tax Rate	38.33%	36.23%	829.57%
Return on Invested Capital (ROIC)	0.51%	-0.12%	20.32%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.27%	-2.45%	33.70%
Return on Net Nonoperating Assets (RNNOA)	1.19%	1.53%	-21.92%
Return on Equity (ROE)	1.71%	1.41%	-1.60%
Cash Return on Invested Capital (CROIC)	-33.09%	-27.63%	31.68%
Operating Return on Assets (OROA)	0.31%	-0.05%	-0.76%
Return on Assets (ROA)	1.34%	1.09%	-1.24%
Return on Common Equity (ROCE)	1.71%	1.41%	-1.60%
Return on Equity Simple (ROE_SIMPLE)	1.65%	1.36%	-1.63%
Net Operating Profit after Tax (NOPAT)	0.58	-0.10	15
NOPAT Margin	0.32%	-0.06%	10.27%
Net Nonoperating Expense Percent (NNEP)	2.78%	2.33%	-13.38%
Return On Investment Capital (ROIC_SIMPLE)	0.23%	-0.04%	7.27%
Cost of Revenue to Revenue	30.17%	31.21%	32.25%
SG&A Expenses to Revenue	38.96%	37.52%	30.52%
R&D to Revenue	29.85%	30.59%	37.78%
Operating Expenses to Revenue	69.31%	68.89%	69.16%
Earnings before Interest and Taxes (EBIT)	0.94	-0.15	-2.09
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.93	9.35	8.28
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.27	5.37	5.08
Price to Tangible Book Value (P/TBV)	4.80	6.20	6.00
Price to Revenue (P/Rev)	5.85	7.42	7.18
Price to Earnings (P/E)	258.80	396.05	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.39%	0.25%	0.00%
Enterprise Value to Invested Capital (EV/IC)	7.13	11.71	13.09
Enterprise Value to Revenue (EV/Rev)	5.21	6.60	6.24
Enterprise Value to EBITDA (EV/EBITDA)	104.76	116.98	111.94
Enterprise Value to EBIT (EV/EBIT)	1,000.09	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	1,621.79	0.00	60.74
Enterprise Value to Operating Cash Flow (EV/OCF)	96.37	74.95	28.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	38.96
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.53	-0.63	-0.65
Leverage Ratio	1.27	1.30	1.29
Compound Leverage Factor	8.97	-41.78	-0.29
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	9.81	12.76	9.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.40	3.89	3.32
Quick Ratio	3.11	3.55	3.12
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-37	-23	24
Operating Cash Flow to CapEx	54.73%	130.12%	383.13%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.59	0.58	0.54
Accounts Receivable Turnover	3.03	3.81	3.61
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	4.18	4.28	3.94
Accounts Payable Turnover	10.01	11.57	8.02
Days Sales Outstanding (DSO)	120.56	95.82	101.05
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.46	31.56	45.49
Cash Conversion Cycle (CCC)	84.10	64.26	55.56
Capital & Investment Metrics	-	-	-
Invested Capital	131	93	71
Invested Capital Turnover	1.60	2.02	1.98
Increase / (Decrease) in Invested Capital	38	23	-8.53
Enterprise Value (EV)	935	1,094	927
Market Capitalization	1,050	1,230	1,066
Book Value per Share	$6.35	$5.98	$5.62
Tangible Book Value per Share	$5.64	$5.18	$4.76
Total Capital	246	229	210
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-115	-136	-139
Capital Expenditures (CapEx)	18	11	8.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	31	11	-3.97
Debt-free Net Working Capital (DFNWC)	145	147	135
Net Working Capital (NWC)	145	147	135
Net Nonoperating Expense (NNE)	-3.48	-3.20	19
Net Nonoperating Obligations (NNO)	-115	-136	-139
Total Depreciation and Amortization (D&A)	7.99	9.51	10
Debt-free, Cash-free Net Working Capital to Revenue	17.02%	6.92%	-2.67%
Debt-free Net Working Capital to Revenue	81.04%	88.65%	91.02%
Net Working Capital to Revenue	81.04%	88.65%	91.02%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.11	$0.08	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	38.60M	38.02M	37.31M
Adjusted Diluted Earnings per Share	$0.10	$0.08	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	39.05M	38.94M	37.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.11M	38.58M	37.77M
Normalized Net Operating Profit after Tax (NOPAT)	0.58	-0.10	-1.46
Normalized NOPAT Margin	0.32%	-0.06%	-0.99%
Pre Tax Income Margin	3.67%	2.94%	0.32%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	170.05%	23.93%	-655.32%

This table displays calculated financial ratios and metrics derived from PDF Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.66%	21.79%	9.58%	0.14%	1.35%	1.49%	6.25%	20.00%	21.68%	35.59%	34.87%
EBITDA Growth	-114.99%	70.51%	187.39%	-44.08%	-95.72%	-62.67%	-57.57%	111.53%	362.72%	218.67%	965.47%
EBIT Growth	-901.87%	158.38%	315.35%	-85.93%	-1,080.72%	-166.24%	-242.82%	325.48%	94.93%	123.35%	132.89%
NOPAT Growth	-81.38%	103.44%	-72.78%	-94.06%	-1,634.50%	-1,013.60%	990.84%	-27.51%	96.55%	115.00%	129.58%
Net Income Growth	-671.50%	-39.23%	144.37%	-75.05%	-210.70%	83.64%	-458.99%	695.90%	108.55%	106.90%	157.54%
EPS Growth	-700.00%	-66.67%	146.15%	-76.47%	-200.00%	200.00%	-425.00%	666.67%	109.09%	105.26%	166.67%
Operating Cash Flow Growth	564.02%	-20.85%	-51.66%	112.14%	-89.61%	-91.64%	1,267.50%	-255.44%	-132.78%	5,735.34%	-65.12%
Free Cash Flow Firm Growth	-580.91%	-33.92%	-681.00%	8.37%	-3,586.68%	-407.26%	226.69%	-262.85%	-105.74%	55.11%	-135.07%
Invested Capital Growth	156.99%	40.38%	39.57%	14.13%	28.33%	31.90%	-1.05%	24.19%	0.72%	-10.75%	5.95%
Revenue Q/Q Growth	-4.61%	7.92%	11.40%	0.85%	0.45%	-2.89%	1.80%	2.07%	0.58%	1.66%	14.98%
EBITDA Q/Q Growth	-110.98%	-38.83%	66.14%	2,401.04%	-93.29%	3.10%	-67.68%	91.61%	-41.53%	17.18%	61.13%
EBIT Q/Q Growth	-624.41%	-75.84%	702.65%	113.47%	-123.49%	10.87%	-152.45%	1,230.12%	-112.54%	92.16%	182.81%
NOPAT Q/Q Growth	-1,429.16%	-85.46%	398.65%	118.82%	74.78%	-214.97%	8.75%	5,600.61%	-113.28%	37.27%	-92.77%
Net Income Q/Q Growth	-662.52%	-75.57%	29.38%	533.84%	-144.31%	117.84%	-172.74%	1,825.35%	-26.50%	-65.13%	220.75%
EPS Q/Q Growth	-900.00%	-83.33%	50.00%	500.00%	-133.33%	123.08%	-176.47%	1,600.00%	0.00%	-75.00%	233.33%
Operating Cash Flow Q/Q Growth	437.98%	-82.68%	1,255.99%	136.73%	-191.77%	-89.42%	440.60%	-473.63%	-104.05%	1,630.22%	-61.29%
Free Cash Flow Firm Q/Q Growth	-335.38%	-14.37%	-136.35%	42.14%	14.37%	-596.19%	137.28%	-2,227.75%	-107.14%	304.60%	-147.91%
Invested Capital Q/Q Growth	100.90%	9.01%	5.28%	11.46%	9.75%	8.38%	-13.91%	25.33%	12.80%	-18.70%	8.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.89%	68.25%	73.10%	70.64%	67.25%	67.92%	66.28%	70.27%	70.79%	70.90%	68.53%
EBITDA Margin	-0.56%	4.87%	8.60%	5.76%	0.23%	3.48%	3.28%	10.32%	5.50%	9.46%	8.21%
Operating Margin	-7.44%	1.02%	4.57%	0.63%	-4.74%	-2.13%	-2.32%	4.51%	-0.41%	3.27%	1.73%
EBIT Margin	-5.62%	1.02%	4.57%	0.63%	-4.74%	-2.13%	-2.32%	4.51%	-0.41%	3.27%	1.73%
Profit (Net Income) Margin	-6.35%	1.08%	4.75%	4.09%	-0.95%	2.16%	-11.74%	16.43%	0.87%	1.19%	3.47%
Tax Burden Percent	101.20%	36.57%	60.77%	97.82%	146.64%	620.28%	-480.85%	231.93%	47.65%	44.97%	62.95%
Interest Burden Percent	111.58%	287.89%	171.31%	660.23%	13.67%	-16.31%	-105.08%	157.09%	-448.80%	81.12%	319.30%
Effective Tax Rate	0.00%	63.43%	39.23%	2.18%	0.00%	-520.28%	580.85%	-131.93%	52.35%	55.03%	37.05%
Return on Invested Capital (ROIC)	-5.29%	0.60%	4.58%	0.96%	-6.06%	-26.71%	21.30%	18.83%	-0.38%	2.91%	1.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.29%	0.32%	3.86%	-0.23%	-6.82%	-31.32%	29.02%	16.77%	-0.70%	2.99%	1.03%
Return on Net Nonoperating Assets (RNNOA)	0.98%	-0.17%	-2.14%	0.12%	3.99%	19.60%	-17.18%	-9.59%	0.44%	-1.94%	-0.62%
Return on Equity (ROE)	-4.31%	0.43%	2.45%	1.09%	-2.07%	-7.11%	4.12%	9.24%	0.06%	0.96%	1.15%
Cash Return on Invested Capital (CROIC)	-88.08%	-33.09%	-33.41%	-9.73%	-26.12%	-27.63%	2.16%	-16.23%	-0.39%	31.68%	-13.29%
Operating Return on Assets (OROA)	-3.09%	0.61%	2.64%	0.36%	-2.79%	-1.24%	-1.40%	2.72%	-0.23%	1.76%	0.88%
Return on Assets (ROA)	-3.49%	0.64%	2.75%	2.32%	-0.56%	1.26%	-7.07%	9.91%	0.50%	0.64%	1.77%
Return on Common Equity (ROCE)	-4.31%	0.43%	2.45%	1.09%	-2.07%	-7.11%	4.12%	9.24%	0.06%	0.96%	1.15%
Return on Equity Simple (ROE_SIMPLE)	0.57%	0.00%	1.83%	-1.19%	1.05%	0.00%	1.22%	4.04%	0.50%	0.00%	-5.37%
Net Operating Profit after Tax (NOPAT)	-2.49	0.19	1.29	0.26	-1.37	-5.44	4.73	4.35	-0.08	0.60	0.43
NOPAT Margin	-5.21%	0.37%	2.77%	0.62%	-3.32%	-13.23%	11.17%	10.46%	-0.19%	1.47%	1.09%
Net Nonoperating Expense Percent (NNEP)	-1.00%	0.28%	0.72%	1.20%	0.76%	4.61%	-7.72%	2.06%	0.32%	-0.08%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	-0.78%	0.08%	-	-	-	-2.38%	-	-	-	0.28%	-
Cost of Revenue to Revenue	27.12%	31.75%	26.90%	29.36%	32.75%	32.08%	33.72%	29.73%	29.21%	29.10%	31.47%
SG&A Expenses to Revenue	48.92%	38.08%	38.99%	39.03%	39.94%	39.38%	36.86%	35.49%	38.38%	31.40%	30.12%
R&D to Revenue	30.62%	28.79%	29.12%	30.36%	31.43%	29.93%	30.96%	29.48%	32.02%	35.44%	35.88%
Operating Expenses to Revenue	80.33%	67.23%	68.53%	70.01%	71.99%	70.05%	68.60%	65.76%	71.20%	67.64%	66.80%
Earnings before Interest and Taxes (EBIT)	-2.69	0.51	2.12	0.26	-1.96	-0.88	-0.98	1.88	-0.17	1.32	0.69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.27	2.44	3.99	2.40	0.10	1.43	1.39	4.29	2.24	3.83	3.27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.00	4.27	5.10	6.02	5.72	5.37	5.58	7.62	7.50	5.08	4.50
Price to Tangible Book Value (P/TBV)	7.95	4.80	5.78	6.87	6.58	6.20	6.50	8.81	8.79	6.00	5.37
Price to Revenue (P/Rev)	4.02	5.85	7.20	8.39	7.74	7.42	7.48	10.49	10.28	7.18	6.63
Price to Earnings (P/E)	527.13	258.80	278.65	0.00	546.57	396.05	457.35	188.47	1,488.26	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.19%	0.39%	0.36%	0.00%	0.18%	0.25%	0.22%	0.53%	0.07%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.89	7.13	9.20	11.19	11.37	11.71	12.76	15.81	18.37	13.09	9.16
Enterprise Value to Revenue (EV/Rev)	4.10	5.21	6.49	7.69	7.00	6.60	6.66	9.73	9.42	6.24	5.79
Enterprise Value to EBITDA (EV/EBITDA)	99.06	104.76	139.86	240.64	161.66	116.98	93.56	116.07	129.04	111.94	655.43
Enterprise Value to EBIT (EV/EBIT)	0.00	1,000.09	0.00	0.00	0.00	0.00	536.56	425.22	1,446.14	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1,621.79	0.00	343.95	0.00	0.00	1,152.18	327.01	5,615.23	60.74	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	37.71	96.37	109.35	63.84	84.94	74.95	29.85	83.05	51.83	28.70	94.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	587.37	0.00	0.00	38.96	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.23	-0.53	-0.55	-0.53	-0.58	-0.63	-0.59	-0.57	-0.63	-0.65	-0.60
Leverage Ratio	1.43	1.27	1.28	1.29	1.29	1.30	1.29	1.28	1.28	1.29	1.27
Compound Leverage Factor	1.59	3.67	2.19	8.51	0.18	-0.21	-1.36	2.01	-5.73	1.04	4.05
Debt to Total Capital	21.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.39%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	8.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	1.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	8.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-282.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-59.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-273.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.52	9.81	11.68	13.39	13.23	12.75	12.87	16.25	15.24	9.94	9.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.19	3.40	3.32	3.49	3.62	3.89	3.89	3.92	3.56	3.32	3.45
Quick Ratio	1.83	3.11	2.89	3.14	3.29	3.55	3.53	3.56	3.33	3.12	3.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-163	-38	-33	-14	-24	-28	5.65	-15	-0.65	9.12	-4.46
Operating Cash Flow to CapEx	105.33%	27.47%	201.85%	12.86%	-92.04%	84.26%	657.96%	-181.77%	-33.84%	1,407.25%	66.24%
Free Cash Flow to Firm to Interest Expense	-525.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	27.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.59	0.58	0.57	0.59	0.58	0.60	0.60	0.57	0.54	0.51
Accounts Receivable Turnover	3.35	3.03	3.89	2.82	3.53	3.81	3.44	3.34	3.67	3.61	3.11
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.01	4.18	4.07	3.98	4.28	4.28	4.32	4.00	3.97	3.94	3.60
Accounts Payable Turnover	7.08	10.01	10.15	16.39	8.88	11.57	12.88	17.17	9.34	8.02	11.38
Days Sales Outstanding (DSO)	108.89	120.56	93.79	129.23	103.45	95.82	105.97	109.41	99.33	101.05	117.33
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	51.52	36.46	35.97	22.28	41.09	31.56	28.34	21.25	39.09	45.49	32.06
Cash Conversion Cycle (CCC)	57.37	84.10	57.83	106.95	62.36	64.26	77.62	88.16	60.24	55.56	85.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	263	131	120	114	103	93	86	100	80	71	87
Invested Capital Turnover	1.02	1.60	1.65	1.55	1.82	2.02	1.91	1.80	1.96	1.98	1.63
Increase / (Decrease) in Invested Capital	161	38	34	14	23	23	-0.92	20	0.57	-8.53	4.89
Enterprise Value (EV)	762	935	1,107	1,279	1,165	1,094	1,100	1,583	1,468	927	798
Market Capitalization	747	1,050	1,227	1,397	1,288	1,230	1,235	1,707	1,601	1,066	914
Book Value per Share	$6.37	$6.35	$6.21	$6.05	$5.85	$5.98	$5.81	$5.92	$5.65	$5.62	$5.45
Tangible Book Value per Share	$2.40	$5.64	$5.48	$5.29	$5.08	$5.18	$4.99	$5.12	$4.82	$4.76	$4.56
Total Capital	318	246	240	232	225	229	222	224	213	210	203
Total Debt	69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	15	-115	-120	-118	-123	-136	-135	-124	-134	-139	-116
Capital Expenditures (CapEx)	8.20	5.85	4.60	5.32	2.02	2.41	2.92	3.10	2.90	1.73	2.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	24	31	14	20	13	11	9.04	28	5.35	-3.97	12
Debt-free Net Working Capital (DFNWC)	79	145	134	138	136	147	144	152	139	135	128
Net Working Capital (NWC)	76	145	134	138	136	147	144	152	139	135	128
Net Nonoperating Expense (NNE)	0.54	-0.35	-0.92	-1.45	-0.98	-6.33	9.70	-2.48	-0.43	0.11	-0.95
Net Nonoperating Obligations (NNO)	15	-115	-120	-118	-123	-136	-135	-124	-134	-139	-116
Total Depreciation and Amortization (D&A)	2.42	1.93	1.87	2.14	2.06	2.31	2.37	2.42	2.41	2.51	2.58
Debt-free, Cash-free Net Working Capital to Revenue	13.13%	17.02%	7.93%	11.99%	7.59%	6.92%	5.47%	17.35%	3.43%	-2.67%	8.73%
Debt-free Net Working Capital to Revenue	42.26%	81.04%	78.39%	82.81%	81.45%	88.65%	87.40%	93.57%	89.13%	91.02%	92.90%
Net Working Capital to Revenue	41.05%	81.04%	78.39%	82.81%	81.45%	88.65%	87.40%	93.57%	89.13%	91.02%	92.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.08)	$0.02	$0.06	$0.04	($0.01)	$0.02	($0.13)	$0.18	$0.01	$0.01	$0.04
Adjusted Weighted Average Basic Shares Outstanding	39.09M	38.60M	38.71M	38.62M	38.50M	38.02M	38.19M	37.86M	37.74M	37.31M	37.23M
Adjusted Diluted Earnings per Share	($0.08)	$0.01	$0.06	$0.04	($0.01)	$0.03	($0.13)	$0.17	$0.01	$0.01	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	39.09M	39.05M	39.11M	39.13M	38.50M	38.94M	38.19M	39.08M	38.86M	37.31M	38.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.14M	39.11M	38.77M	38.75M	38.40M	38.58M	38.26M	38.13M	37.85M	37.77M	37.38M
Normalized Net Operating Profit after Tax (NOPAT)	-2.49	0.36	1.29	0.26	-1.37	-0.61	-0.69	1.31	-0.12	0.93	0.43
Normalized NOPAT Margin	-5.21%	0.72%	2.77%	0.62%	-3.32%	-1.49%	-1.63%	3.16%	-0.29%	2.29%	1.09%
Pre Tax Income Margin	-6.27%	2.94%	7.82%	4.18%	-0.65%	0.35%	2.44%	7.08%	1.83%	2.65%	5.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-8.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-35.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-34.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	170.05%	156.62%	-275.59%	324.23%	23.93%	27.51%	0.00%	1,551.39%	-655.32%	-205.93%

Frequently Asked Questions About PDF Solutions' Financials

When does PDF Solutions's financial year end?

According to the most recent income statement we have on file, PDF Solutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has PDF Solutions' net income changed over the last 2 years?

PDF Solutions' net income appears to be on an upward trend, with a most recent value of $4.06 million in 2024, falling from -$3.43 million in 2022. The previous period was $3.11 million in 2023. Check out PDF Solutions' forecast to explore projected trends and price targets.

What is PDF Solutions's operating income?

PDF Solutions's total operating income in 2024 was $935 thousand, based on the following breakdown:

Total Gross Profit: $125.32 million
Total Operating Expenses: $124.39 million

How has PDF Solutions revenue changed over the last 2 years?

Over the last 2 years, PDF Solutions' total revenue changed from $148.55 million in 2022 to $179.47 million in 2024, a change of 20.8%.

How much debt does PDF Solutions have?

PDF Solutions' total liabilities were at $69.25 million at the end of 2024, a 13.2% increase from 2023, and a 0.9% increase since 2022.

How much cash does PDF Solutions have?

In the past 2 years, PDF Solutions' cash and equivalents has ranged from $90.59 million in 2024 to $119.62 million in 2022, and is currently $90.59 million as of their latest financial filing in 2024.

How has PDF Solutions' book value per share changed over the last 2 years?

Over the last 2 years, PDF Solutions' book value per share changed from 5.62 in 2022 to 6.35 in 2024, a change of 13.0%.

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This page (NASDAQ:PDFS) was last updated on 5/30/2025 by MarketBeat.com Staff

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PDF Solutions (PDFS) Financials

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PDF Solutions (PDFS) Financials

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