PDF Solutions (PDFS) Releases Q4 2025 Earnings: Revenue Growth but EPS Miss

PDF Solutions Inc. (PDFS) reported Q4 2025 revenue of $62.4 million, up 24.6% year-over-year, with gross profit of $45.5 million, up 33.0% year-over-year.

Revenue: $62.4 million (+24.6% YoY)

Gross profit: $45.5 million (+33.0% YoY)

Operating profit: $3.5 million (+575.4% YoY)

Net income attributable to common shareholders: -$48,000 (-108.9% YoY)

Diluted EPS: $0.00 (-100.0% YoY)

The company missed consensus estimates on both revenue and EPS: revenue came in below the estimate of $63.2 million, and diluted EPS of $0.00 fell short of the estimate of $0.24 per share.

Cash from operating activities: $3.3 million (+104.7% YoY)

Purchases of property, plant and equipment: -$6.3 million (+7.2% YoY)

Cash and cash equivalents: $42.2 million (-53.4% YoY)

Total liabilities: $147.7 million (+113.2% YoY)

Cost of sales was $16.9 million, implying a robust gross margin of roughly 72.9%. Despite the strong operating-profit expansion, the quarter finished with a small net loss and effectively zero diluted earnings per share.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

PDF Solutions Inc. Hedge Fund Activity

We have seen 106 institutional investors add shares of PDF Solutions Inc. stock to their portfolio, and 82 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WASATCH ADVISORS LP removed 643,555 shares (-54.0%) from their portfolio in Q3 2025, for an estimated $16,616,590
ARROWMARK COLORADO HOLDINGS LLC added 386,788 shares (+595.1%) to their portfolio in Q3 2025, for an estimated $9,986,866
CANNELL CAPITAL LLC added 337,315 shares (+inf%) to their portfolio in Q3 2025, for an estimated $8,709,473
MORGAN STANLEY removed 210,432 shares (-37.1%) from their portfolio in Q3 2025, for an estimated $5,433,354
SQUAREPOINT OPS LLC added 201,337 shares (+378.6%) to their portfolio in Q3 2025, for an estimated $5,198,521
SEGALL BRYANT & HAMILL, LLC removed 197,691 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $5,104,381
SAMJO MANAGEMENT, LLC added 184,925 shares (+19.8%) to their portfolio in Q3 2025, for an estimated $4,774,763

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

PDF Solutions Inc. Analyst Ratings

Wall Street analysts have issued reports on $PDFS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 09/23/2025

To track analyst ratings and price targets for PDF Solutions Inc., check out Quiver Quantitative's $PDFS forecast page.

PDF Solutions Inc. Price Targets

Multiple analysts have issued price targets for $PDFS recently. We have seen 3 analysts offer price targets for $PDFS in the last 6 months, with a median target of $34.0.

Here are some recent targets:

Clark Wright from DA Davidson set a target price of $36.0 on 02/10/2026
Blair Abernethy from Rosenblatt set a target price of $34.0 on 02/09/2026