Filing Flows › PDF Solutions (PDFS) › Q2 2025
PDF Solutions (PDFS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
PDF Solutions (PDFS) reported revenue of $51.7M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +8% from the quarter before. Operating margin was 2.2%, net earnings $1.1M (2.2% of revenue).
PDF Solutions, Q2 2025: revenue $51.7M (+24% year over year), operating margin 2.2%, net earnings $1.1M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.7M | +8% | +24% |
| Gross profit | $36.8M | +6% | +25% |
| Operating profit | $1.1M | — | +323% |
| Net earnings | $1.1M | — | -33% |
| Operating cash flow | −$5.2M | -160% | — |
What changed
Revenue was $51.7M in Q2 2025, up 24% year over year and up 8% from the previous quarter. Analytics was the largest line at 94% of revenue. Analytics added $10.7M year over year (up 28%), 106% of the total change. Integrated Yield Ramp declined 18%.
Gross margin was 71.2%, up 0.6 points from a year earlier. Operating profit was $1.1M, a 2.2% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 1% margin then. Operating expenses grew 22% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+312%). Net earnings were $1.1M, down 33% year over year. The tax line was a benefit of $1.1M on pre-tax earnings of $71K.
Operating cash flow was −$5.2M. Non-cash charges added back $804K of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $13.4M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$13.8M.
Questions
What was PDF Solutions' revenue in the second quarter 2025?
PDF Solutions (PDFS) reported revenue of $51.7M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +8% from the quarter before.
Was PDF Solutions profitable in the second quarter 2025?
Operating profit was $1.1M (2.2% of revenue) and net earnings $1.1M.
Source: PDF Solutions 10-Q on SEC EDGAR.