PDF SOLUTIONS INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
PDFS$39.16-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $4,791 | $(3,032) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Stock-based compensation expense | 6,396 | 6,596 |
| Depreciation and amortization | 1,559 | 685 |
| Amortization of acquired intangible assets | 2,057 | 1,056 |
| Amortization of costs capitalized to obtain revenue contracts | 759 | 872 |
| Net accretion of discounts on short-term investments | — | (196) |
| Deferred taxes | 263 | (312) |
| Other | 8 | (248) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,980) | 13,033 |
| Prepaid expenses and other current assets | (5,213) | (5,123) |
| Operating lease right-of-use assets | 416 | 374 |
| Other non-current assets | 1,093 | (4,124) |
| Accounts payable | (1,851) | 84 |
| Accrued compensation and related benefits | 1,494 | (6,025) |
| Accrued and other liabilities | (370) | 3,936 |
| Deferred revenues | 3,752 | 1,504 |
| Operating lease liabilities | (500) | (440) |
| Net cash provided by operating activities | 1,674 | 8,640 |
| Cash flows from investing activities: | ||
| Proceeds from maturities and sales of short-term investments | — | 16,998 |
| Purchases of short-term investments | — | (2,938) |
| Purchases of property and equipment | (10,473) | (8,105) |
| Prepayment for the purchase of property and equipment | (27) | (98) |
| Payment for business acquisition, net of cash acquired | — | (129,718) |
| Net cash used in investing activities | (10,500) | (123,861) |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt, net of debt discount | — | 69,550 |
| Payments of debt issuance costs | — | (400) |
| Repayments of long-term debt | (625) | — |
| Proceeds from exercise of stock options and employee stock purchase plan | 2,189 | 2,128 |
| Payments for taxes related to net share settlement of equity awards | (3,710) | (3,320) |
| Net cash provided by (used in) financing activities | (2,146) | 67,958 |
| Effect of exchange rate changes on cash and cash equivalents | (95) | 403 |
| Net change in cash and cash equivalents | (11,067) | (46,860) |
| Cash and cash equivalents at beginning of period | 42,220 | 90,594 |
| Cash and cash equivalents at end of period | $31,153 | $43,734 |
Continued on next page
PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS–** CONTINUED**
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosure of cash flow information: | ||
| Cash payments for: | ||
| Income taxes | $817 | $226 |
| Amounts included in the measurement of operating lease liabilities | $572 | $481 |
| Interest on long-term debt | $1,010 | $— |
| Supplemental disclosure of noncash information: | ||
| Prepayments for purchase of property and equipment transferred from prepaid assets to property and equipment | $190 | $136 |
| Property and equipment received and accrued in accounts payable and accrued and other current liabilities | $11,984 | $6,094 |
| Stock-based compensation capitalized as property and equipment | $88 | $119 |
| Operating lease liabilities arising from obtaining right-of-use assets | $257 | $— |
| Debt financing costs included in accounts payable | $— | $500 |
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