Filing Flows › PDF Solutions (PDFS) › Q1 2025
PDF Solutions (PDFS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
PDF Solutions (PDFS) reported revenue of $47.8M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -5% from the quarter before. Operating margin was -7.4%, net loss $3.0M (6.3% of revenue).
PDF Solutions, Q1 2025: revenue $47.8M (+16% year over year), operating margin -7.4%, net loss $3.0M, operating cash flow $8.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.8M | -5% | +16% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | $8.6M | +438% | — |
| Free cash flow | $535K | — | — |
What changed
Revenue was $47.8M in Q1 2025, up 16% year over year and down 5% from the previous quarter. Analytics was the largest line at 89% of revenue. Analytics added $4.0M year over year (up 10%), 62% of the total change.
Gross margin was 72.9%, up 5.6 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -7.4%. Operating expenses grew 29% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+46%). The quarter ended with a net loss of $3.0M, after a profit of $539K the previous quarter.
Operating cash flow was $8.6M. Non-cash charges added back $685K of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $8.1M left free cash flow of $535K.
Questions
What was PDF Solutions' revenue in the first quarter 2025?
PDF Solutions (PDFS) reported revenue of $47.8M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -5% from the quarter before.
Was PDF Solutions profitable in the first quarter 2025?
Operating loss was $3.6M (-7.4% of revenue) and net loss $3.0M.
Source: PDF Solutions 10-Q on SEC EDGAR.