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Financial statements

Silvaco Group, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Silvaco Group, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2024FY2025
Revenue54.259.763.1
Cost of revenue9.351213.7
Gross profit44.947.649.4
Research and development13.220.729.9
Selling and marketing12.718.318.3
General and administrative17.937.634
Operating expenses43.887.995.3
Operating income1.13-40.3-45.9
Interest expense0.630.9
Interest income0.012.981.95
Other non-operating income-0.9-0.7
Pre-tax income0.51-38.9-44.6
Income tax0.830.48-3.44
Net income-0.32-39.4-41.2
EBITDA1.74-39-42.4
EPS, basic-0.02-1.53-1.39
EPS, diluted-0.02-1.53-1.39
Shares, basic (weighted)2025.729.7
Shares, diluted (weighted)2025.729.7

Balance sheet

FY2024FY2024FY2025
Cash and equivalents4.4219.69.01
Short-term investments063.11.02
Receivables4.019.219.71
Other current assets2.553.464.73
Total current assets20.910746.1
Property, plant and equipment0.590.871.53
Lease right-of-use assets1.961.713.11
Goodwill9.039.0330.1
Intangible assets0.344.3726
Long-term investments04.790
Other non-current assets1.831.71.56
Total assets40.9142123
Accounts payable2.53.323.48
Accrued liabilities10.319.819.4
Deferred revenue7.887.510.8
Total current liabilities2534.538.4
Long-term debt0
Lease liabilities1.20.951.96
Other non-current liabilities0.220.310.09
Total liabilities31.542.347.7
Total debt0
Paid-in capital0130146
Retained earnings11.4-28-69.2
Other comprehensive income-1.99-2.27-1.93
Shareholders' equity9.410075
Total equity9.410075
Total liabilities and equity40.9142123
Shares outstanding2028.530.9

Cash flow statement

FY2024FY2024FY2025
Net income-0.32-39.4-41.2
Depreciation and amortization0.61.293.47
Stock-based compensation026.910.8
Change in receivables1.38-5.972.29
Change in payables0.161.33-0.78
Cash from operations1.18-19.8-33.9
Capital expenditures-0.34-0.51-0.62
Acquisitions0-32.9
Purchases of investments0-99.60
Sales and maturities of investments033.634.9
Cash from investing-0.34-66.533.7
Cash from financing-1.65101-2.21
Exchange rate effect-0.250.190.05
Net change in cash-1.0615.2-2.35
Free cash flow0.84-20.3-34.5
Interest paid0.070.50.36
Income taxes paid0.660.63-0.25

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.36 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin83.1%Gross profit / revenue.
Operating margin-35.6%Operating income / revenue.
EBITDA margin-28.9%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-35.5%Pre-tax income / revenue.
Net margin-30.4%Net income / revenue.
FCF margin-47.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-46.7%Cash from operations / revenue.
Return on equity (ROE)-26.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-19.1%Net income / average total assets.
Return on invested capital (ROIC)-28.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue51.2%Research and development expense / revenue.
Stock-based pay / revenue16.9%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.6%Capital expenditures / revenue.
D&A / revenue6.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y5.7%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y3.6%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-25.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-13.8%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y15.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.72xCurrent assets / current liabilities.
Quick ratio0.98x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.52x(Cash + short-term investments) / current liabilities.
Liabilities / assets27.5%Total liabilities / total assets.
Working capital$18.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets46.7%(Goodwill + intangible assets) / total assets.
Tangible book value$29.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.63xRevenue / average total assets.
Fixed asset turnover57.0xRevenue / average property, plant and equipment.
Receivables turnover6.24xRevenue / average receivables.
Days sales outstanding59 days365 x average receivables / revenue.
Days payables77 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.67Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$2.20Revenue / diluted weighted shares.
FCF per share-$1.04Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.02Cash from operations / diluted weighted shares.
Book value per share$2.48Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.88Tangible book value / shares outstanding.
Cash per share$0.39(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$283.3MShare price x shares outstanding.
Enterprise value$270.3MMarket cap + total debt - cash - short-term investments.
P/S3.91xMarket cap / revenue.
P/B3.39xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book9.51xMarket cap / tangible book value, when positive.
EV/Sales3.73xEnterprise value / revenue.
FCF yield-12.1%Free cash flow / market cap.
Earnings yield-7.8%Net income / market cap (the inverse of P/E).
What was Silvaco Group, Inc.'s revenue in fiscal 2025?

Silvaco Group, Inc. reported revenue of $63.1M for fiscal 2025, 5.7% higher than the year before.

Was Silvaco Group, Inc. profitable in fiscal 2025?

No. It reported a net loss of $41.2M.

How much free cash flow did Silvaco Group, Inc. generate in fiscal 2025?

Cash from operations of $33.9M minus capital expenditures of $618.0K left free cash flow of -$34.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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