Latest revenue
$60.1M
as of 2026-03-31
Latest net income
$4.8M
as of 2026-03-31
Net margin
8.0%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $1.84B
- Enterprise value
- $1.84B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $56.46
- 52-wk low
- $17.35
- Beta
- —
- Shares out
- 39.9M
5-year trend
What this company does
PDF Solutions sells data analytics software, SaaS, and engineering services that help semiconductor manufacturers, fabless designers, foundries, and equipment makers improve chip yields, quality, and operational efficiency. Revenue splits into Platform fees (software licenses, SaaS, engineering services, Characterization Vehicle and DirectScan contracts) and Volume-based fees from Cimetrix runtime licenses, secureWISE data, and CV royalties. The company is repositioning itself as the AI-ready data backbone for semiconductor manufacturing, expanding through the 2025 secureWISE acquisition which added a network connecting 300+ manufacturing sites and 100+ equipment OEMs.
Generated from PDFS's filing dated 2026-02-24
Key risks
- Customer concentration: Fortune 500 foundries/IDMs dominate revenue; loss of a major foundry customer could materially impact Platform and Gainshare fees.
- Geopolitical exposure: significant operations in China, Taiwan, South Korea; semiconductor export controls and supply-chain bifurcation threaten cross-border data/software deployments.
- Integration risk: 2025 secureWISE acquisition (300+ sites, 100+ OEMs) plus 2020 Cimetrix deal; failed integration could impair Volume-based revenue growth.
Generated from PDFS's filing dated 2026-02-24
Profitability
Operating margin
2.7%
412.4%Net margin
-0.3%
112.9%Return on equity
-0.3%
115.8%Return on assets
-0.2%
111.9%Leverage
Debt / equity
0.70×
149.3%Long-term debt / equity
0.26×
Debt / assets
41.2%
87.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $60.1M | +25.9% | $4.8M | +258.0% | 8.0% |
Q4 2025 2025-12-31 | $62.4M | +24.6% | $1.8M | +97.2% | 2.9% |
Q3 2025 2025-09-30 | $57.1M | +23.1% | $-592.0K | -126.8% | -1.0% |
Q2 2025 2025-06-30 | $51.7M | +24.2% | $1.1M | -12.7% | 2.2% |
Q1 2025 2025-03-31 | $47.8M | +15.7% | $-3.0M | -671.5% | -6.3% |
Q4 2024 2024-12-31 | $50.1M | — | $932.0K | — | 1.9% |
Q3 2024 2024-09-30 | $46.4M | +9.6% | $2.2M | -0.5% | 4.8% |
Q2 2024 2024-06-30 | $41.7M | +0.1% | $1.3M | -80.8% | 3.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
Keep private notes on PDFS — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PDFS
Institutional value
$555.2M
Total shares held
17.2M
Distinct holders
123
-62 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4.9M | $159.2M | -19.1K (-0.4%) | Trimmed |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.4M | $45.8M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 1.4M | $45.4M | — | New |
| 4 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.3M | $41.1M | -102.9K (-7.6%) | Trimmed |
| 5 | BARROW HANLEY MEWHINNEY & STRAUSS LLC | 1.1M | $37.3M | — | New |
| 6 | EMERALD ADVISERS, LLC | 860.8K | $28.2M | -82.6K (-8.8%) | Trimmed |
| 7 | DIMENSIONAL FUND ADVISORS LP | 845.7K | $27.7M | +44.7K (+5.6%) | Added |
| 8 | EMERALD MUTUAL FUND ADVISERS TRUST | 594.6K | $19.4M | +0 (+0.0%) | No change |
| 9 | WASATCH ADVISORS LP | 507.7K | $16.6M | -14.6K (-2.8%) | Trimmed |
| 10 | Silverberg Bernstein Capital Management LLC | 472.9K | $15.5M | -1.0K (-0.2%) | Trimmed |
| 11 | Russell Investments Group, Ltd. | 441.7K | $14.4M | +34.3K (+8.4%) | Added |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 328.9K | $10.8M | -59.4K (-15.3%) | Trimmed |
| 13 | VANGUARD FIDUCIARY TRUST CO | 221.1K | $7.2M | — | New |
| 14 | Herald Investment Management Ltd | 200.0K | $6.5M | -25.0K (-11.1%) | Trimmed |
| 15 | Bank of New York Mellon Corp | 190.5K | $6.2M | -7.3K (-3.7%) | Trimmed |
| 16 | Roubaix Capital, LLC | 181.9K | $6.0M | -38.1K (-17.3%) | Trimmed |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 156.5K | $5.1M | +3.5K (+2.3%) | Added |
| 18 | Invesco Ltd. | 144.3K | $4.7M | +8.2K (+6.0%) | Added |
| 19 | Public Sector Pension Investment Board | 114.5K | $3.7M | +3.8K (+3.4%) | Added |
| 20 | Nuveen, LLC | 112.0K | $3.7M | +1.4K (+1.2%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With secureWISE acquired in 2025, quantify its standalone revenue contribution, margin profile, and any goodwill or intangible impairment risk you're monitoring.
- 2
Gainshare and Cimetrix runtime are volume-based—what visibility do you have into 2026 wafer volumes given current foundry utilization at your top customers?
- 3
You're rearchitecting the analytics platform for millions of parameters—what's the R&D spend impact, and are existing customers delaying renewals awaiting the new platform?
Refreshed when PDFS files a new report · last from 2026-02-24