Filing Flows › PDF Solutions (PDFS) › Q3 2025
PDF Solutions (PDFS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
PDF Solutions (PDFS) reported revenue of $57.1M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +10% from the quarter before. Operating margin was 8.5%, net earnings $1.3M (2.3% of revenue).
PDF Solutions, Q3 2025: revenue $57.1M (+23% year over year), operating margin 8.5%, net earnings $1.3M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.1M | +10% | +23% |
| Gross profit | $41.3M | +12% | +22% |
| Operating profit | $4.8M | +332% | +128% |
| Net earnings | $1.3M | +13% | -41% |
| Operating cash flow | $3.3M | — | -65% |
What changed
Revenue was $57.1M in Q3 2025, up 23% year over year and up 10% from the previous quarter. Analytics was the largest line at 96% of revenue. Analytics added $9.9M year over year (up 22%), 93% of the total change.
Gross margin was 72.3%, down 0.8 points from a year earlier. Operating profit was $4.8M, a 8.5% margin (up 3.9 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 5% margin then. Operating expenses grew 15% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+445%). Net earnings were $1.3M, down 41% year over year. The effective tax rate was 62.9%.
Operating cash flow was $3.3M (down 65% year over year), 254% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $6.2M exceeded it, leaving free cash flow of −$2.9M.
Questions
What was PDF Solutions' revenue in the third quarter 2025?
PDF Solutions (PDFS) reported revenue of $57.1M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +10% from the quarter before.
Was PDF Solutions profitable in the third quarter 2025?
Operating profit was $4.8M (8.5% of revenue) and net earnings $1.3M.
Source: PDF Solutions 10-Q on SEC EDGAR.