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PDF SOLUTIONS INC (PDFS) Annual Reports

Q: Where can I read PDF SOLUTIONS INC (PDFS) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

PDF SOLUTIONS INC is listed on Nasdaq, classified by the SEC under Services-Prepackaged Software (SIC 7372). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1120914 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$61.5M	$51.7M	+18.9%
Operating income	$5.1M	$1.1M	+353.4%
Net income	$4.3M	$1.1M	+272.7%
EPS (diluted)	$0.10	$0.03	+233.3%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 61.5 mn Net income 4.27 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	48.4	15.3	14.8	16.2	15.0	17.2	16.9	17.6	20.6	22.5	22.6	23.8	24.1	24.8	25.5	27.1	27.1	24.6	22.4	26.1	26.8	23.2	23.9	24.1	25.1	26.7	27.3	28.4	24.3	24.3	26.5	26.8	24.7	21.1	20.2	19.7	20.5	20.6	21.9	22.6	21.2	21.4	23.1	22.4	24.2	27.4	29.6	29.9	33.5	34.7	39.9	40.5	40.8	41.6	42.4	41.1	41.3	41.7	46.4	50.1	47.8	51.7	57.1	62.4	60.1	61.5
Gross profit	21.9	8.51	8.04	9.01	8.42	9.74	9.13	9.37	11.9	13.6	13.1	14.4	14.4	15.0	15.0	17.5	17.4	15.8	10.8	16.5	18.0	13.3	13.6	14.0	14.9	16.0	15.8	16.3	12.9	12.9	14.1	14.5	13.3	10.2	9.53	10.0	12.7	12.7	13.2	—	—	—	—	—	—	—	—	—	—	—	—	101	—	—	—	114	27.8	29.4	33.9	34.2	34.8	36.8	41.3	45.5	43.2	—
Operating income	-17.4	0.21	0.58	0.86	-0.28	0.85	1.55	2.12	3.81	5.47	5.34	4.51	6.33	7.42	7.75	9.88	9.38	7.75	2.95	7.76	9.47	3.67	2.70	3.40	3.32	3.76	3.14	2.74	-0.41	-0.65	0.42	0.83	-0.47	-2.92	-2.84	-3.71	-2.78	-1.67	-1.40	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-0.15	-1.96	0.26	2.12	0.51	-3.55	1.12	4.83	3.46	6.31	5.06
Net income	-18.1	0.34	-0.08	0.33	-0.76	-0.1	0.63	2.11	3.50	4.82	4.99	23.9	4.73	4.55	4.82	6.82	6.26	4.70	1.76	5.75	5.97	2.15	1.49	2.80	2.06	2.21	1.89	2.93	0.52	0.19	0.59	-2.63	-0.42	-2.10	-2.08	-3.11	-2.69	-0.71	-0.69	-1.33	-0.53	-3.65	-2.73	-33.5	-7.60	-4.48	-2.41	-7.00	-4.15	-1.15	1.39	0.48	0.36	6.84	-4.97	0.89	-0.39	1.71	2.21	0.54	-3.03	1.15	1.29	-0.05	4.79	4.27

Balance sheet

Quarterly · In mn (USD)

Total assets 519 mn Total liabilities 147 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	64.8	—	67.8	69.4	70.6	75.9	80.7	88.9	103	108	114	122	134	142	147	150	159	167	171	165	163	162	162	168	170	172	172	160	164	167	164	160	157	153	148	143	148	149	141	218	193	178	182	185	189	181	164	181	193	193	204	194	198	187	193	191	206	141	135	146	164	176	253
Total assets	—	—	—	68.5	—	70.9	72.3	74.4	80.8	84.8	93.7	124	126	133	141	151	159	165	168	177	186	192	192	192	198	202	210	222	228	227	222	224	227	226	228	226	233	230	229	240	239	234	311	288	271	274	275	274	266	249	266	279	279	290	282	290	287	298	307	315	390	391	406	419	431	519
Current liabilities	—	—	—	12.6	—	13.9	13.7	13.4	14.8	14.8	15.0	19.7	13.7	13.4	11.5	12.9	15.1	12.2	10.4	12.4	12.1	14.1	13.8	14.5	14.6	16.6	17.7	18.5	19.3	19.5	18.4	19.6	—	—	20.7	19.5	22.2	21.4	20.6	28.0	27.1	21.9	32.9	42.2	35.1	40.2	41.1	43.8	42.6	41.8	52.4	58.2	54.3	52.1	49.9	50.8	51.8	55.5	57.7	60.5	64.3	57.0	66.1	71.9	75.0	73.3
Total liabilities	—	—	—	17.5	—	18.2	18.0	17.5	18.3	18.2	18.3	23.2	16.9	16.6	15.1	16.4	18.4	15.6	13.7	15.6	15.0	17.0	16.8	17.5	17.6	19.5	21.2	23.5	24.4	25.0	23.7	25.8	24.5	25.4	26.8	26.1	35.3	34.8	34.4	43.4	40.9	36.0	45.8	53.1	45.9	50.5	51.8	54.2	52.0	51.3	62.8	68.7	65.9	66.1	60.9	61.2	61.4	65.8	66.9	69.3	141	134	142	148	150	147
Equity	45.7	—	—	50.8	—	52.7	54.3	56.8	62.5	66.5	75.5	101	110	116	126	135	141	150	154	162	171	175	175	174	185	187	193	199	203	202	198	198	202	200	201	200	197	195	195	196	198	198	265	235	225	223	223	220	214	198	203	210	213	224	222	229	225	232	240	246	249	258	264	271	280	373

Cash flow

Quarterly · In mn (USD)

Operating 16.4 mn Investing -14.1 mn Financing 81.3 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-4.60	-2.37	1.52	3.57	0.55	3.40	2.09	2.19	-1.41	6.87	-0.81	10.1	0.35	13.9	6.58	4.48	12.1	6.27	9.46	-0.73	15.6	1.17	5.28	8.26	3.66	-2.68	0.85	0.17	-0.42	1.40	5.28	4.28	3.25	6.47	-0.68	4.30	-0.15	5.12	18.1	1.58	5.38	5.25	0.25	10.9	-8.32	8.13	4.02	0.42	3.00	3.62	1.40	24.3	-0.98	-5.63	19.2	2.03	-1.86	0.68	9.28	1.61	8.64	-5.21	3.29	17.3	1.67	16.4
Investing	8.49	-0.06	-0.06	0	-0.04	-0.2	-0.11	-0.05	-0.13	-0.51	-0.95	0.23	-1.21	-1.33	-0.83	-1.26	-0.93	-0.88	-1.33	-0.53	-1.14	-1.24	-6.80	-1.15	-1.78	-3.27	-3.81	-2.42	-2.31	-2.65	-5.82	-3.31	-2.45	-2.36	-3.94	-4.37	-2.36	-4.31	-2.84	-3.71	-2.07	-1.87	-51.4	-95.2	56.4	5.47	-19.6	-47.0	12.3	59.7	11.4	1.25	-2.25	-7.42	-4.56	-14.8	-2.64	6.84	-4.00	-6.12	-124	-0.38	-3.32	-9.79	-10.5	-14.1
Financing	0.3	0.4	0.35	-0.02	0.69	-0.93	0.57	-0.23	1.05	-1.67	2.46	0.41	2.49	0.94	2.59	0.98	0.49	0.52	1.08	0.64	1.96	-0.1	-3.87	-7.21	1.29	-1.19	-0.75	0.68	0.78	-4.71	-7.76	-0.54	-3.63	-1.57	0.54	-0.54	-3.17	-4.38	-1.67	-0.61	-0.51	-0.33	66.0	-0.4	-4.50	-0.66	-0.33	-0.03	-6.99	-17.4	0.18	-0.12	-2.09	-0.38	-3.10	-0.31	-8.75	-0.4	-1.75	-0.32	68.0	-1.31	-1.19	-0.89	-2.15	81.3
Cash at period end	34.9	32.1	34.6	38.1	39.4	41.7	44.2	46.0	45.5	50.2	50.9	61.6	63.2	76.8	85.2	89.4	101	107	116	115	132	132	126	126	129	122	119	117	115	109	101	101	98.5	101	96.8	96.1	90.4	86.8	100	97.6	100	103	118	30.3	74.3	87.2	71.2	27.7	35.8	81.3	93.7	120	114	100	112	99.0	85.3	92.0	96.4	90.6	43.7	37.4	35.9	42.2	31.1	115

Profitability

Quarterly · %

Gross margin 71.8% Operating margin 8.2% Net margin 6.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	45.2%	55.4%	54.2%	55.5%	56.1%	56.8%	53.9%	53.3%	57.7%	60.5%	58.1%	60.5%	60.0%	60.7%	58.8%	64.7%	64.2%	64.0%	48.2%	63.4%	67.2%	57.4%	57.1%	58.1%	59.3%	60.1%	58.0%	57.3%	52.9%	53.1%	53.1%	54.1%	53.6%	48.3%	47.1%	50.7%	61.7%	61.9%	60.2%	—	—	—	—	—	—	—	—	—	—	—	—	248.4%	—	—	—	277.4%	67.3%	70.6%	73.1%	68.3%	72.9%	71.2%	72.3%	72.8%	71.8%	—
Operating margin	-35.9%	1.4%	3.9%	5.3%	-1.9%	5.0%	9.2%	12.1%	18.5%	24.3%	23.7%	18.9%	26.3%	29.9%	30.4%	36.5%	34.6%	31.5%	13.1%	29.8%	35.3%	15.8%	11.3%	14.1%	13.3%	14.1%	11.5%	9.7%	-1.7%	-2.7%	1.6%	3.1%	-1.9%	-13.8%	-14.1%	-18.8%	-13.6%	-8.1%	-6.4%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-0.4%	-4.7%	0.6%	4.6%	1.0%	-7.4%	2.2%	8.4%	5.5%	10.5%	8.2%
Net margin	-37.3%	2.2%	-0.6%	2.0%	-5.0%	-0.6%	3.7%	12.0%	16.9%	21.4%	22.1%	100.3%	19.6%	18.4%	18.9%	25.2%	23.1%	19.1%	7.9%	22.1%	22.3%	9.3%	6.3%	11.6%	8.2%	8.3%	6.9%	10.3%	2.1%	0.8%	2.2%	-9.8%	-1.7%	-9.9%	-10.3%	-15.8%	-13.1%	-3.5%	-3.1%	-5.9%	-2.5%	-17.1%	-11.8%	-149.6%	-31.4%	-16.4%	-8.1%	-23.4%	-12.4%	-3.3%	3.5%	1.2%	0.9%	16.4%	-11.7%	2.2%	-0.9%	4.1%	4.8%	1.1%	-6.3%	2.2%	2.3%	-0.1%	8.0%	6.9%

Returns & leverage

Quarterly · %

ROE 3.3% ROA 2.3% Debt ratio 28.3%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	-34.4%	—	-1.2%	0.2%	3.5%	9.8%	18.6%	23.8%	47.1%	44.7%	41.7%	37.7%	17.8%	17.9%	17.0%	13.9%	12.4%	11.6%	9.6%	9.3%	7.4%	4.8%	4.7%	4.9%	4.9%	3.9%	2.8%	2.2%	-0.7%	-1.1%	-2.3%	-3.6%	-3.9%	-5.0%	-4.3%	-3.6%	-2.7%	-1.6%	-3.2%	-3.6%	-18.7%	-22.4%	-22.9%	-19.6%	-9.5%	-8.2%	-7.0%	-5.1%	-1.6%	0.5%	4.3%	1.3%	1.4%	1.1%	-1.2%	1.9%	1.7%	0.6%	0.3%	-0.0%	-0.3%	2.7%	3.3%
ROA	—	—	—	-25.6%	—	-0.9%	0.1%	2.6%	7.6%	14.2%	18.6%	37.5%	37.1%	35.0%	32.4%	15.2%	15.7%	15.1%	12.6%	11.2%	10.5%	8.8%	8.5%	6.7%	4.4%	4.3%	4.5%	4.4%	3.5%	2.6%	1.9%	-0.6%	-1.0%	-2.0%	-3.2%	-3.4%	-4.3%	-3.8%	-3.1%	-2.3%	-1.4%	-2.7%	-3.0%	-15.3%	-18.6%	-19.0%	-16.4%	-7.7%	-6.7%	-5.6%	-4.0%	-1.2%	0.4%	3.4%	1.0%	1.1%	0.8%	-0.9%	1.5%	1.3%	0.4%	0.3%	-0.0%	-0.2%	1.8%	2.3%
Debt ratio	—	—	—	25.6%	—	25.7%	24.9%	23.6%	22.7%	21.5%	19.5%	18.7%	13.4%	12.5%	10.7%	10.9%	11.6%	9.4%	8.1%	8.8%	8.1%	8.9%	8.7%	9.1%	8.9%	9.7%	10.1%	10.6%	10.7%	11.0%	10.7%	11.5%	10.8%	11.3%	11.8%	11.6%	15.2%	15.1%	15.0%	18.1%	17.1%	15.4%	14.8%	18.5%	16.9%	18.5%	18.8%	19.8%	19.6%	20.6%	23.6%	24.6%	23.6%	22.8%	21.6%	21.1%	21.4%	22.1%	21.8%	22.0%	36.1%	34.2%	35.0%	35.3%	34.9%	28.3%

EPS

Quarterly · US$

EPS US$0.10

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	-0.69	0.01	0.00	0.01	-0.03	0.00	0.02	0.07	0.12	0.16	0.17	0.78	0.15	0.15	0.15	0.21	0.20	0.15	0.05	0.18	0.18	0.07	0.05	0.09	0.07	0.07	0.06	0.09	0.02	0.01	0.02	-0.08	-0.01	-0.07	-0.06	-0.10	-0.08	-0.02	-0.02	-0.04	-0.02	-0.11	-0.08	-0.91	-0.21	-0.12	-0.06	-0.19	-0.11	-0.03	0.04	0.01	0.01	0.17	-0.13	0.02	-0.01	0.04	0.06	0.01	-0.08	0.03	0.03	0.00	0.12	0.10

Revenue & profit

Year-to-date · In mn (USD)

Revenue 122 mn Net income 9.06 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 519 mn Total liabilities 147 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 18.1 mn Investing -24.6 mn Financing 79.2 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 71.8% Operating margin 9.3% Net margin 7.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 3.3% ROA 2.3% Debt ratio 28.3%

EPS

Year-to-date · US$

EPS US$0.22

Revenue & profit

Annual · In mn (USD)

Revenue 219 mn Net income -0.64 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	66.7	89.5	101	100	98.0	107	102	85.8	85.6	88.0	111	149	166	179	219
Gross profit	36.7	53.0	62.0	60.5	59.0	63.0	54.4	43.0	—	—	—	—	—	125	158
Operating income	4.25	19.1	31.4	27.8	19.2	13.0	0.19	-9.95	—	—	—	—	—	0.94	5.85
Net income	1.88	37.2	20.9	18.5	12.4	9.09	-1.34	-7.72	-5.42	-40.4	-21.5	-3.43	3.11	4.06	-0.64

Balance sheet

Annual · In mn (USD)

Total assets 419 mn Total liabilities 148 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	70.6	103	134	159	163	170	164	157	148	193	189	193	198	206	164
Total assets	74.4	124	151	177	192	222	224	226	240	288	274	279	290	315	419
Current liabilities	13.4	19.7	12.9	12.4	14.5	18.5	19.6	19.5	28.0	42.2	43.8	58.2	50.8	60.5	71.9
Total liabilities	17.5	23.2	16.4	15.6	17.5	23.5	25.8	26.1	43.4	53.1	54.2	68.7	61.2	69.3	148
Equity	56.8	101	135	162	174	199	198	200	196	235	220	210	229	246	271

Cash flow

Annual · In mn (USD)

Operating 24.1 mn Investing -137 mn Financing 64.6 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	8.21	14.8	25.4	27.1	30.3	2.00	10.6	13.3	24.6	21.8	4.24	32.3	14.6	9.70	24.1
Investing	-0.4	-1.36	-4.63	-3.67	-10.3	-11.3	-14.1	-13.1	-13.2	-150	-4.67	84.6	-29.0	-5.94	-137
Financing	0.11	2.25	7.01	2.73	-9.23	0.03	-12.2	-5.20	-9.84	64.8	-5.52	-24.3	-5.89	-11.2	64.6
Cash at period end	46.0	61.6	89.4	115	126	117	101	96.1	97.6	30.3	27.7	120	99.0	90.6	42.2

Profitability

Annual · %

Gross margin 72.3% Operating margin 2.7% Net margin -0.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	55.0%	59.2%	61.1%	60.4%	60.2%	58.6%	53.4%	50.1%	—	—	—	—	—	69.8%	72.3%
Operating margin	6.4%	21.4%	30.9%	27.8%	19.6%	12.1%	0.2%	-11.6%	—	—	—	—	—	0.5%	2.7%
Net margin	2.8%	41.6%	20.6%	18.4%	12.7%	8.5%	-1.3%	-9.0%	-6.3%	-45.8%	-19.4%	-2.3%	1.9%	2.3%	-0.3%

Returns & leverage

Annual · %

ROE -0.3% ROA -0.2% Debt ratio 35.3%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	3.3%	47.1%	17.8%	12.4%	7.4%	4.9%	-0.7%	-3.9%	-2.7%	-18.7%	-9.5%	-1.6%	1.4%	1.7%	-0.3%
ROA	2.5%	37.5%	15.2%	11.2%	6.7%	4.4%	-0.6%	-3.4%	-2.3%	-15.3%	-7.7%	-1.2%	1.1%	1.3%	-0.2%
Debt ratio	23.6%	18.7%	10.9%	8.8%	9.1%	10.6%	11.5%	11.6%	18.1%	18.5%	19.8%	24.6%	21.1%	22.0%	35.3%

EPS

Annual · US$

EPS US$-0.02

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.06	1.23	0.66	0.58	0.39	0.29	-0.03	-0.24	-0.16	-1.12	-0.58	-0.09	0.07	0.10	-0.02

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read PDF SOLUTIONS INC (PDFS) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

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