PDF Solutions (PDFS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PDF Solutions

NasdaqGS•Technology•Software - Application

$41.97+0.55(0.01%)Pre-market

Market Cap

$1.72B

P/E

166.7x

P/S

7.1x

P/B

4.6x

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.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Growth (22/25); weakest: Cash & Earnings Quality (6/25).

Profitability12/25

Growth22/25

Balance Sheet & Red Flags22/25

Cash & Earnings Quality6/25

Strengths

Growing revenueRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 166.7x5y range 122.2x – 1025.1x

Currently below its 11-quarter median.

P/S · 7.1x5y range 4.0x – 10.5x

Currently near its 20-quarter median.

P/B · 4.6x5y range 3.0x – 5.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 82.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.72B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $241.18M
Q. Revenue: $61.53M
TTM EBITDA: $25.96M
TTM Op. Income: $19.66M
Q. Op. Income: $5.06M
TTM Net Income: $10.31M
Q. Net Income: $4.27M
EPS: $0.1
Shares Out.: $40.93M

$241.18M in TTM revenue grew 23.0% YoY, reaching $61.53M last quarter. TTM EBITDA of $25.96M and TTM operating income of $19.66M show growth is flowing through to the bottom line. TTM net income of $10.31M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 11.7%
Op. Margin: 8.2%
Net Margin: 6.9%

Op. margin of 8.2% is up 6.1% YoY — cost efficiency is improving. Net margin at 6.9% Over the past year, operating margin is up 281% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 166.7x
P/S Ratio: 7.1x
P/B Ratio: 4.6x

At 166.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.1x and P/B of 4.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 6 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $519.18M
Cash: $114.88M
Long-Term Debt: $63.66M
Book Value: $372.50M
D/E Ratio: 0.2
Debt/EBITDA: 8.8

With $519.18M in assets and $63.66M in long-term debt, D/E is 0.2and book value is $372.50M — a conservative capital structure with a cushion to weather downturns. Across the last 6 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $16.40M
TTM Free Cash Flow: $-1.80M
FCF Margin: -0.7%
FCF / Net Income: -0.2

TTM FCF of $-1.80M on $16.40M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 85% — an improving trend.