PDF Solutions (PDFS) Financials

$18.35 -0.21 (-1.15%)

As of 11:45 AM 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-3.43	3.11	4.06
Consolidated Net Income / (Loss)	-3.43	3.11	4.06
Net Income / (Loss) Continuing Operations	-3.43	3.11	4.06
Total Pre-Tax Income	0.47	4.87	6.58
Total Operating Income	-2.09	-0.15	0.94
Total Gross Profit	101	114	125
Total Revenue	149	166	179
Operating Revenue	149	166	179
Total Cost of Revenue	48	52	54
Operating Cost of Revenue	48	52	54
Total Operating Expenses	103	114	124
Selling, General & Admin Expense	45	62	70
Research & Development Expense	56	51	54
Amortization Expense	1.27	1.29	0.90
Total Other Income / (Expense), net	2.56	5.02	5.64
Interest & Investment Income	2.56	5.02	5.64
Income Tax Expense	3.90	1.76	2.52
Basic Earnings per Share	($0.09)	$0.08	$0.11
Weighted Average Basic Shares Outstanding	37.31M	38.02M	38.60M
Diluted Earnings per Share	($0.09)	$0.08	$0.10
Weighted Average Diluted Shares Outstanding	37.31M	38.94M	39.05M
Weighted Average Basic & Diluted Shares Outstanding	37.77M	38.58M	39.11M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About PDF Solutions' Financials

When does PDF Solutions's fiscal year end?

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

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 4/25/2025 by MarketBeat.com Staff

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PDF Solutions (PDFS) Financials

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PDF Solutions (PDFS) Financials

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