PDF SOLUTIONS INC
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
PDFS$40.63+8.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(in thousands, except par value)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $35,880 | $90,594 |
| Short-term investments | — | 24,291 |
| Accounts receivable, net of allowance for credit losses | 74,949 | 73,649 |
| Prepaid expenses and other current assets | 35,292 | 17,445 |
| Total current assets | 146,121 | 205,979 |
| Property and equipment, net | 71,921 | 48,465 |
| Operating lease right-of-use assets, net | 5,160 | 4,029 |
| Goodwill | 96,780 | 14,953 |
| Intangible assets, net | 54,246 | 12,307 |
| Deferred tax assets, net | 203 | 43 |
| Other non-current assets | 31,968 | 29,513 |
| Total assets | $406,399 | $315,289 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $14,653 | $8,255 |
| Accrued compensation and related benefits | 17,311 | 16,855 |
| Accrued and other current liabilities | 8,661 | 8,752 |
| Operating lease liabilities – current portion | 1,970 | 1,675 |
| Deferred revenues – current portion | 21,247 | 25,005 |
| Current portion of long-term debt, net | 2,238 | — |
| Total current liabilities | 66,080 | 60,542 |
| Long-term income taxes | 3,301 | 2,915 |
| Non-current portion of operating lease liabilities | 4,256 | 3,504 |
| Long-term debt, net | 65,320 | — |
| Other non-current liabilities | 3,060 | 2,291 |
| Total liabilities | 142,017 | 69,252 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding | — | — |
| Common stock, $0.00015 par value, 70,000 shares authorized; shares issued 51,682 and 50,717, respectively; shares outstanding 39,507 and 38,801, respectively | 6 | 6 |
| Additional paid-in capital | 526,526 | 502,902 |
| Treasury stock, at cost, 12,175 and 11,916 shares, respectively | (165,542) | (159,352) |
| Accumulated deficit | (94,580) | (93,988) |
| Accumulated other comprehensive loss | (2,028) | (3,531) |
| Total stockholders’ equity | 264,382 | 246,037 |
| Total liabilities and stockholders’ equity | $406,399 | $315,289 |
See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.