PDF Solutions, Inc. announced total revenues of $47.8 million for the first quarter of 2025, representing a 16% increase compared to $41.3 million in Q1 2024. Analytics revenue for the quarter was $42.5 million, up 10% year-over-year, while Integrated Yield Ramp revenue surged by 86% to $5.3 million.
The company reported a GAAP gross margin of 73% for Q1 2025, an increase from 67% in the prior-year quarter. However, GAAP net loss for the quarter was $3.0 million, or ($0.08) per diluted share, primarily due to $4.3 million in non-recurring costs associated with the secureWISE acquisition and higher operating expenses.
Despite the GAAP net loss, PDF Solutions reaffirmed its full-year 2025 revenue growth guidance in the range of 21% to 23%. The company's cash and cash equivalents decreased to $43.734 million at March 31, 2025, largely due to the $129.7 million cash payment for the secureWISE acquisition, partially offset by $69.150 million in new long-term debt proceeds and $8.640 million in operating cash flow.
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