PDF Solutions, Inc.

PDFSNASDAQTechnology● Active

$56.30

+$4.85(+9.43%)

Market Cap$2.2B

P/E Ratio—

52W High$58.14

52W Low$18.12

Avg Volume620K

Open$53.50

Beta1.71

Free Cash Flow Financials Revenue

PDF Solutions, Inc. (PDFS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PDFS · free cash flow · updated Jun 9, 2026

Core FCF metrics

PDFS · FCF · TTM · margin & CAGR

Free cash flow was −$8.6M for FY2025 (fiscal year ending 2025-12-31), down 15.1% year-over-year The FCF margin was -3.9%.

FY2025 Free Cash Flow−$8.6M▼ -15.1% YoY

Trailing 12M (TTM)−$18.0Mtrailing 4 quarters sum

FCF Margin-3.9%−$8.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PDFS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$24.1M(33M)−$8.6M▼ 15.1%-3.9%

FY2024$9.7M(17M)−$7.5M▼ 338.5%-4.2%

FY2023$14.6M(11M)$3.1M▼ 86.8%1.9%

FY2022$32.3M(9M)$23.7M▲ +12383.2%16.0%

FY2021$4.2M(4M)$190,000▼ 98.7%0.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PDFS · P/FCF · FCF yield · FCF per share

PDF Solutions, Inc. (PDFS) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PDFS · cash flow statement · operating / investing / financing

For FY2025, PDF Solutions, Inc. generated $24.1M in operating cash flow and spent 33M in capital expenditures, yielding −$8.6M in free cash flow.

Operating Activities

+$24.1M

Cash from core business operations

2025-12-31

Investing Activities

−$137.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$64.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($24.1M) − |CapEx| (33M) = FCF (−$8.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

PDFS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PDF Solutions, Inc.YOU

PDFS

−$8.6M-15.1%-3.9%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PDF Solutions, Inc. (PDFS) reported free cash flow of −$8.6M for FY2025 (fiscal year ending 2025-12-31), down 15.1% year-over-year. The FCF margin was -3.9%.

Based on available data, PDF Solutions, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $23.7M in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PDFS free cash flow · 8 questions

PDF Solutions, Inc. free cash flow was −$8.6M for FY2025, down 15.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$18.0M.

PDFS free cash flowPDFS FCFPDFS FCF 2025PDFS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PDF Solutions, Inc. · PDF Solutions, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026