Symbols / PDFS $34.71 +3.92% PDF Solutions, Inc.

Technology • Software - Application • United States • NMS
PDFS Chart
About

PDF Solutions, Inc. provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, Japan, China, and internationally. The company offers Exensio software, such as Manufacturing Analytics, which uses a proprietary database schema to store collected data; Process Control, which provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations, which offer data collection and analysis capabilities; and Assembly Operations, which provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data across the product life cycle. It also provides Sapience Data Platform, which unifies fragmented data from diverse equipment and protocols across the factory floor; Sapience Manufacturing Hub enterprise, a connectivity platform between enterprise applications; DirectScan systems, such as Proprietary Software and eProbe Non-Contact E-Beam Tool; and Characterization Vehicle (CV) system, which includes CV Test Chips, pdFasTest Electrical Tester, and Exensio characterization software. In addition, the company offers Cimetrix software products that enable equipment manufacturers to provide standard interfaces on their products for equipment communication, control, and data collection; equipment factory connectivity products, such as Cimetrix CIMConnect, Cimetrix CIM300, and Cimetrix CIMPortal Plus; equipment factory connectivity testing and control products; secureWISE systems, including software, servers, and networks; software-as-a-service; software and hardware installation and configuration; system/data integration, and value realization; and technical support and maintenance for hardware and software. PDF Solutions, Inc. was founded in 1991 and is headquartered in Santa Clara, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 1.38B
Enterprise Value 1.42B Income -640.00K Sales 219.02M
Book/sh 6.85 Cash/sh 1.06 Dividend Yield —
Payout 0.00% Employees 600 IPO —
P/E — Forward P/E 25.34 PEG —
P/S 6.32 P/B 5.06 P/C —
EV/EBITDA 78.55 EV/Sales 6.46 Quick Ratio 2.15
Current Ratio 2.28 Debt/Eq 26.87 LT Debt/Eq —
EPS (ttm) -0.02 EPS next Y 1.37 EPS Growth —
Revenue Growth 24.60% Earnings 2026-05-07 ROA 1.76%
ROE -0.25% ROIC — Gross Margin 72.32%
Oper. Margin 5.38% Profit Margin -0.29% Shs Outstand 39.89M
Shs Float 32.21M Short Float 5.81% Short Ratio 6.03
Short Interest — 52W High 36.99 52W Low 15.91
Beta 1.55 Avg Volume 323.61K Volume 335.29K
Target Price $36.50 Recom None Prev Close $33.40
Price $34.71 Change 3.92%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.50
Mean price target
2. Current target
$34.71
Latest analyst target
3. DCF / Fair value
$-4.60
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.71
Low
$33.00
High
$40.00
Mean
$36.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 main DA Davidson Buy → Buy $40
2026-02-17 main DA Davidson Buy → Buy $38
2026-02-13 main Rosenblatt Buy → Buy $37
2026-02-10 main DA Davidson Buy → Buy $36
2026-02-09 main Rosenblatt Buy → Buy $34
2025-12-05 main DA Davidson Buy → Buy $36
2025-10-30 main Rosenblatt Buy → Buy $33
2025-09-23 main DA Davidson Buy → Buy $24
2025-08-05 main Rosenblatt Buy → Buy $31
2025-05-05 main Rosenblatt Buy → Buy $31
2025-04-14 main DA Davidson Buy → Buy $24
2025-02-14 main Rosenblatt Buy → Buy $37
2024-12-24 main Northland Capital Markets Outperform → Outperform $45
2024-11-08 main Rosenblatt Buy → Buy $40
2024-08-28 main DA Davidson Buy → Buy $42
2024-05-28 main DA Davidson Buy → Buy $42
2024-05-10 main Rosenblatt Buy → Buy $40
2023-08-25 reit Rosenblatt Buy → Buy $44
2023-08-09 main DA Davidson Buy → Buy $48
2023-08-09 main Rosenblatt Buy → Buy $44
News
RSS: Latest PDFS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-09 MICHAELS KIMON W Officer and Director — 5,070 $0.00 $0
2025-08-01 RAZA ADNAN Chief Financial Officer — 35,000 $0.00 $0
2025-08-01 STROJWAS ANDRZEJ Chief Technology Officer — 8,000 $0.00 $0
2025-07-01 ZHANG SHUO Director — 7,429 $0.00 $0
2025-07-01 CHAN CHI-FOON Director — 7,429 $0.00 $0
2025-07-01 BRONSON JOSEPH R. Director — 7,429 $0.00 $0
2025-07-01 GUSTAFSON MICHAEL B Director — 7,429 $0.00 $0
2025-07-01 LI YE JANE Director — 7,429 $0.00 $0
2025-07-01 ERBA NANCY Director — 7,429 $0.00 $0
2025-05-13 GUSTAFSON MICHAEL B Director — 7,500 $19.45 $145,875
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
219.02
+22.04%
179.47
+8.22%
165.84
+11.64%
148.55
Operating Revenue
219.02
+22.04%
179.47
+8.22%
165.84
+11.64%
148.55
Cost Of Revenue
60.62
+11.97%
54.14
+4.63%
51.75
+8.02%
47.91
Reconciled Cost Of Revenue
52.87
+9.73%
48.18
+8.28%
44.50
+10.78%
40.17
Gross Profit
158.40
+26.40%
125.32
+9.85%
114.09
+13.36%
100.64
Operating Expense
152.55
+22.65%
124.39
+8.88%
114.24
+11.20%
102.73
Research And Development
64.23
+19.92%
53.57
+5.58%
50.74
-9.60%
56.13
Selling General And Administration
84.74
+21.18%
69.92
+12.39%
62.22
+37.23%
45.34
Total Expenses
213.18
+19.41%
178.53
+7.56%
165.99
+10.19%
150.64
Operating Income
5.85
+525.35%
0.94
+719.21%
-0.15
+92.78%
-2.09
Total Operating Income As Reported
5.85
+525.35%
0.94
+719.21%
-0.15
—
EBITDA
18.50
+37.64%
13.44
+0.24%
13.41
+93.78%
6.92
Normalized EBITDA
18.50
+37.64%
13.44
+0.24%
13.41
+93.78%
6.92
Reconciled Depreciation
11.34
+65.33%
6.86
-19.66%
8.54
-5.25%
9.01
EBIT
7.16
+8.77%
6.58
+35.12%
4.87
+332.74%
-2.09
Total Unusual Items
—
—
0.00
0.00
Total Unusual Items Excluding Goodwill
—
—
0.00
0.00
Special Income Charges
—
—
0.00
0.00
Impairment Of Capital Assets
—
—
0.00
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Pretax Income
3.20
-51.35%
6.58
+35.12%
4.87
+935.96%
0.47
Net Non Operating Interest Income Expense
-2.65
-146.88%
5.64
+12.43%
5.02
+95.94%
2.56
Interest Expense Non Operating
3.96
0.00
0.00
—
Net Interest Income
-2.65
-146.88%
5.64
+12.43%
5.02
+95.94%
2.56
Interest Expense
3.96
0.00
0.00
—
Interest Income Non Operating
1.31
-76.81%
5.64
+12.43%
5.02
+95.94%
2.56
Interest Income
1.31
-76.81%
5.64
+12.43%
5.02
+95.94%
2.56
Other Income Expense
—
—
—
—
Tax Provision
3.84
+52.30%
2.52
+42.97%
1.76
-54.76%
3.90
Tax Rate For Calcs
0.00
-45.22%
0.00
+5.81%
0.00
+72.52%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Net Income From Continuing Operation Net Minority Interest
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Net Income From Continuing And Discontinued Operation
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Net Income Continuous Operations
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Normalized Income
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Net Income Common Stockholders
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Diluted EPS
-0.02
-120.00%
0.10
+25.00%
0.08
+188.89%
-0.09
Basic EPS
-0.02
-118.18%
0.11
+37.50%
0.08
+188.89%
-0.09
Basic Average Shares
39.32
+1.85%
38.60
+1.54%
38.02
+1.89%
37.31
Diluted Average Shares
39.32
+0.69%
39.05
+0.28%
38.94
+4.36%
37.31
Diluted NI Availto Com Stockholders
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Amortization
3.58
+300.00%
0.90
-30.27%
1.28
+1.18%
1.27
Amortization Of Intangibles Income Statement
3.58
+300.00%
0.90
-30.27%
1.28
+1.18%
1.27
Depreciation Amortization Depletion Income Statement
3.58
+300.00%
0.90
-30.27%
1.28
+1.18%
1.27
Depreciation And Amortization In Income Statement
3.58
+300.00%
0.90
-30.27%
1.28
+1.18%
1.27
Total Other Finance Cost
—
-5.64
-12.43%
-5.02
-95.94%
-2.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
418.70
+32.80%
315.29
+8.67%
290.14
+4.11%
278.67
Current Assets
163.89
-20.43%
205.98
+4.11%
197.85
+2.30%
193.41
Cash Cash Equivalents And Short Term Investments
42.22
-63.25%
114.89
-15.23%
135.52
-2.63%
139.18
Cash And Cash Equivalents
42.22
-53.40%
90.59
-8.47%
98.98
-17.26%
119.62
Other Short Term Investments
0.00
-100.00%
24.29
-33.53%
36.54
+86.86%
19.56
Receivables
82.94
+12.61%
73.65
+64.01%
44.90
+6.50%
42.16
Accounts Receivable
82.94
+12.61%
73.65
+64.01%
44.90
+6.50%
42.16
Gross Accounts Receivable
83.84
+12.48%
74.54
+62.77%
45.79
+6.36%
43.05
Allowance For Doubtful Accounts Receivable
-0.90
-1.12%
-0.89
+0.00%
-0.89
+0.00%
-0.89
Prepaid Assets
—
—
—
—
Other Current Assets
38.73
+122.04%
17.45
+0.13%
17.42
+44.43%
12.06
Total Non Current Assets
254.80
+133.10%
109.31
+18.44%
92.29
+8.24%
85.26
Net PPE
86.39
+64.57%
52.49
+24.20%
42.26
-8.47%
46.18
Gross PPE
137.24
+38.01%
99.44
+8.34%
91.79
-0.63%
92.37
Accumulated Depreciation
-50.86
-8.32%
-46.95
+5.20%
-49.52
-7.21%
-46.20
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
27.62
+45.81%
18.95
-8.09%
20.61
+4.46%
19.73
Construction In Progress
57.80
+39.74%
41.37
+38.62%
29.84
+9.16%
27.34
Other Properties
44.78
+38.04%
32.44
-6.94%
34.86
-10.24%
38.84
Leases
7.03
+5.11%
6.69
+3.34%
6.47
+0.12%
6.47
Goodwill And Other Intangible Assets
147.20
+439.98%
27.26
-11.06%
30.65
-4.75%
32.18
Goodwill
95.00
+535.36%
14.95
-0.51%
15.03
+6.42%
14.12
Other Intangible Assets
52.19
+324.10%
12.31
-21.21%
15.62
-13.49%
18.05
Investments And Advances
7.59
-42.63%
13.23
—
—
Other Investments
7.59
-42.63%
13.23
—
—
Non Current Accounts Receivable
8.72
-9.18%
9.60
—
—
Non Current Deferred Assets
3.46
+42.67%
2.43
+1446.50%
0.16
+145.31%
0.06
Non Current Deferred Taxes Assets
0.07
+60.47%
0.04
-72.61%
0.16
+145.31%
0.06
Other Non Current Assets
1.45
-66.36%
4.30
-77.61%
19.22
+180.76%
6.84
Total Liabilities Net Minority Interest
147.68
+113.24%
69.25
+13.18%
61.19
-10.88%
68.66
Current Liabilities
71.89
+18.75%
60.54
+19.08%
50.84
-12.64%
58.20
Payables And Accrued Expenses
24.43
+54.88%
15.78
+119.29%
7.19
-39.89%
11.97
Payables
17.37
+101.54%
8.62
+236.59%
2.56
-59.91%
6.39
Accounts Payable
17.08
+106.86%
8.26
+222.34%
2.56
-59.91%
6.39
Current Accrued Expenses
7.06
-1.33%
7.16
+54.46%
4.63
-16.99%
5.58
Pensionand Other Post Retirement Benefit Plans Current
22.44
+33.12%
16.86
+13.89%
14.80
-12.67%
16.95
Total Tax Payable
0.30
-18.63%
0.36
—
—
Income Tax Payable
0.30
-18.63%
0.36
—
—
Current Debt And Capital Lease Obligation
4.22
+151.82%
1.68
+9.55%
1.53
+8.29%
1.41
Current Debt
2.24
—
—
—
Other Current Borrowings
2.24
—
—
—
Current Capital Lease Obligation
1.98
+18.33%
1.68
+9.55%
1.53
+8.29%
1.41
Current Deferred Liabilities
19.44
-22.25%
25.00
-8.47%
27.32
-1.98%
27.87
Current Deferred Revenue
19.44
-22.25%
25.00
-8.47%
27.32
-1.98%
27.87
Other Current Liabilities
1.36
+10.56%
1.23
—
—
Total Non Current Liabilities Net Minority Interest
75.78
+770.08%
8.71
-15.82%
10.35
-1.07%
10.46
Long Term Debt And Capital Lease Obligation
68.60
+1857.79%
3.50
-24.76%
4.66
-21.49%
5.93
Long Term Debt
64.76
—
—
—
Long Term Capital Lease Obligation
3.84
+9.53%
3.50
-24.76%
4.66
-21.49%
5.93
Tradeand Other Payables Non Current
4.27
+46.59%
2.92
-1.92%
2.97
+13.35%
2.62
Non Current Deferred Liabilities
—
—
—
1.91
Non Current Deferred Revenue
—
—
—
1.91
Other Non Current Liabilities
2.91
+27.02%
2.29
-15.71%
2.72
+42.68%
1.91
Stockholders Equity
271.02
+10.15%
246.04
+7.47%
228.95
+9.02%
210.01
Common Stock Equity
271.02
+10.15%
246.04
+7.47%
228.95
+9.02%
210.01
Capital Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Common Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
51.73
+1.99%
50.72
+1.95%
49.75
+2.34%
48.61
Ordinary Shares Number
39.54
+1.91%
38.80
+1.34%
38.29
+2.29%
37.43
Treasury Shares Number
12.19
+2.26%
11.92
+3.98%
11.46
+2.49%
11.18
Additional Paid In Capital
533.50
+6.08%
502.90
+6.26%
473.30
+5.78%
447.42
Retained Earnings
-94.63
-0.68%
-93.99
+4.14%
-98.05
+3.07%
-101.15
Gains Losses Not Affecting Retained Earnings
-2.05
+41.91%
-3.53
-47.93%
-2.39
+6.39%
-2.55
Treasury Stock
165.81
+4.05%
159.35
+10.72%
143.92
+7.64%
133.71
Other Equity Adjustments
-2.05
+41.91%
-3.53
-47.93%
-2.39
+6.39%
-2.55
Total Equity Gross Minority Interest
271.02
+10.15%
246.04
+7.47%
228.95
+9.02%
210.01
Total Capitalization
335.79
+36.48%
246.04
+7.47%
228.95
+9.02%
210.01
Working Capital
92.00
-36.74%
145.44
-1.07%
147.00
+8.73%
135.21
Invested Capital
338.02
+37.39%
246.04
+7.47%
228.95
+9.02%
210.01
Total Debt
72.82
+1306.04%
5.18
-16.28%
6.19
-15.77%
7.34
Net Debt
24.78
—
—
—
Capital Lease Obligations
5.82
+12.38%
5.18
-16.28%
6.19
-15.77%
7.34
Net Tangible Assets
123.82
-43.40%
218.78
+10.33%
198.30
+11.51%
177.83
Tangible Book Value
123.82
-43.40%
218.78
+10.33%
198.30
+11.51%
177.83
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
24.05
+147.89%
9.70
-33.54%
14.60
-54.80%
32.30
Cash Flow From Continuing Operating Activities
24.05
+147.89%
9.70
-33.54%
14.60
-54.80%
32.30
Net Income From Continuing Operations
-0.64
-115.78%
4.06
+30.66%
3.10
+190.55%
-3.43
Depreciation Amortization Depletion
11.34
+65.33%
6.86
-19.66%
8.54
-5.25%
9.01
Depreciation
4.08
+12.60%
3.63
-27.24%
4.99
-9.77%
5.53
Amortization Cash Flow
7.25
+124.54%
3.23
-9.01%
3.55
+1.92%
3.48
Depreciation And Amortization
11.34
+65.33%
6.86
-19.66%
8.54
-5.25%
9.01
Amortization Of Intangibles
7.25
+124.54%
3.23
-9.01%
3.55
+1.92%
3.48
Other Non Cash Items
3.05
-39.68%
5.06
+160.29%
1.94
+25.42%
1.55
Stock Based Compensation
25.93
+3.51%
25.05
+16.58%
21.48
+9.34%
19.65
Deferred Tax
0.90
+1309.46%
-0.07
+31.48%
-0.11
-2600.00%
-0.00
Deferred Income Tax
0.90
+1309.46%
-0.07
+31.48%
-0.11
-2600.00%
-0.00
Operating Gains Losses
-0.64
-209.39%
0.59
—
—
Gain Loss On Sale Of PPE
-0.64
-209.39%
0.59
0.00
0.00
Change In Working Capital
-15.60
+48.50%
-30.29
-57.86%
-19.19
-436.10%
5.71
Change In Receivables
-6.34
+77.98%
-28.80
-948.03%
-2.75
-28.23%
-2.14
Changes In Account Receivables
-6.34
+77.98%
-28.80
-948.03%
-2.75
-28.23%
-2.14
Change In Prepaid Assets
-16.36
-704.77%
-2.03
+72.26%
-7.33
-26.65%
-5.79
Change In Payables And Accrued Expense
7.51
+9.45%
6.86
+262.42%
-4.22
-1802.82%
0.25
Change In Accrued Expense
2.62
-35.47%
4.07
+295.77%
-2.08
-224.36%
1.67
Change In Payable
4.88
+74.92%
2.79
+230.12%
-2.15
-50.74%
-1.42
Change In Account Payable
4.88
+74.92%
2.79
+230.12%
-2.15
-50.74%
-1.42
Change In Other Working Capital
-6.87
-161.16%
-2.63
-310.78%
-0.64
-105.62%
11.39
Change In Other Current Assets
8.16
+508.76%
-2.00
+32.56%
-2.96
-172.59%
4.08
Change In Other Current Liabilities
-1.70
-0.53%
-1.69
-31.31%
-1.29
+38.18%
-2.08
Investing Cash Flow
-137.36
-2214.03%
-5.94
+79.52%
-28.99
-134.27%
84.60
Cash Flow From Continuing Investing Activities
-137.36
-2214.03%
-5.94
+79.52%
-28.99
-134.27%
84.60
Net PPE Purchase And Sale
-32.20
-81.64%
-17.73
-58.02%
-11.22
-33.10%
-8.43
Purchase Of PPE
-32.84
-84.68%
-17.79
-57.04%
-11.32
-34.34%
-8.43
Sale Of PPE
0.64
+1065.45%
0.06
-47.62%
0.10
0.00
Capital Expenditure
-32.84
-84.68%
-17.79
-54.99%
-11.47
-33.74%
-8.58
Net Investment Purchase And Sale
24.56
+108.25%
11.79
+174.66%
-15.80
-116.95%
93.18
Purchase Of Investment
-2.94
+94.79%
-56.33
+5.48%
-59.60
-2.19%
-58.32
Sale Of Investment
27.50
-59.64%
68.12
+55.54%
43.80
-71.09%
151.50
Net Business Purchase And Sale
-129.72
0.00
+100.00%
-1.82
0.00
Purchase Of Business
-129.72
0.00
+100.00%
-1.82
0.00
Net Intangibles Purchase And Sale
0.00
0.00
+100.00%
-0.15
+0.00%
-0.15
Purchase Of Intangibles
0.00
0.00
+100.00%
-0.15
+0.00%
-0.15
Financing Cash Flow
64.56
+674.76%
-11.23
-90.71%
-5.89
+75.77%
-24.31
Cash Flow From Continuing Financing Activities
64.56
+674.76%
-11.23
-90.71%
-5.89
+75.77%
-24.31
Net Issuance Payments Of Debt
67.67
0.00
0.00
—
Issuance Of Debt
69.55
0.00
0.00
—
Repayment Of Debt
-1.88
0.00
0.00
—
Long Term Debt Issuance
69.55
0.00
0.00
—
Long Term Debt Payments
-1.88
0.00
0.00
—
Net Long Term Debt Issuance
67.67
0.00
0.00
—
Net Common Stock Issuance
-0.24
+96.46%
-6.90
-828.53%
-0.74
+96.69%
-22.47
Common Stock Payments
-0.24
+96.46%
-6.90
-828.53%
-0.74
+96.69%
-22.47
Repurchase Of Capital Stock
-0.24
+96.46%
-6.90
-828.53%
-0.74
+96.69%
-22.47
Proceeds From Stock Option Exercised
4.24
+1.14%
4.20
-2.96%
4.32
-7.94%
4.70
Net Other Financing Charges
-7.11
+16.62%
-8.53
+9.94%
-9.47
-44.97%
-6.53
Changes In Cash
-48.74
-552.89%
-7.47
+63.19%
-20.28
-121.90%
92.59
Effect Of Exchange Rate Changes
0.37
+140.41%
-0.92
-151.51%
-0.36
+43.85%
-0.65
Beginning Cash Position
90.59
-8.47%
98.98
-17.26%
119.62
+332.11%
27.68
End Cash Position
42.22
-53.40%
90.59
-8.47%
98.98
-17.26%
119.62
Free Cash Flow
-8.79
-8.78%
-8.08
-358.62%
3.12
-86.82%
23.72
Income Tax Paid Supplemental Data
—
2.56
-32.28%
3.78
+32.74%
2.85
Amortization Of Securities
-0.28
+81.91%
-1.54
-31.35%
-1.17
-527.81%
-0.19
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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