0001628280-26-017378
SEC filingSilvaco Group, Inc. reported total revenue of $63.1 million for fiscal year 2025, representing a year-over-year increase from $59.7 million in 2024. Despite revenue growth, the company incurred a net loss of $41.2 million, which widened from a net loss of $39.4 million in the prior year. The operating loss was $45.9 million, driven by significant operating expenses of $95.3 million, which included a $13.1 million litigation settlement. Gross profit was $49.4 million, yielding a gross margin of 78.3%. The company's cash position, including restricted cash, was $17.3 million at year-end, down from $19.6 million, with net cash used in operating activities of $33.9 million. Key forward-looking items include the integration of recent acquisitions (OPC Business, Tech-X, Mixel) and ongoing cost-savings initiatives under a restructuring plan.
Silvaco Group, Inc. reported fiscal year 2025 results with total revenue of $63.1 million, a 5.7% increase from $59.7 million in 2024. Software license revenue was $42.9 million, while maintenance and service revenue contributed $20.2 million. Despite the revenue growth, the company recorded a net loss of $41.2 million, which widened from a $39.4 million loss in the prior year. The operating loss was $45.9 million, compared to $40.3 million in 2024. Key factors impacting profitability included a $13.1 million litigation settlement expense related to the Nangate case and increased research and development spending of $29.9 million, up from $20.7 million in 2024. The company's basic and diluted net loss per share was $1.39, an improvement from $1.53 in the prior year.
Revenue growth was driven by geographic expansion in Asia, particularly in Korea and Taiwan, which saw increases of 125.4% and 77.2% respectively. Revenue from the United States grew 6.4% to $23.3 million, while China revenue increased 11.8% to $12.3 million. Japan revenue declined 43.2% to $6.1 million. The company's revenue mix showed 68% from software solutions and 32% from maintenance and services in 2025, compared to 74% and 26% respectively in 2024. Recent acquisitions contributed to revenue growth, with the OPC Business generating $10.1 million in revenue since its March 2025 acquisition. The company had over 800 customers worldwide as of December 31, 2025, with 54% of revenue from Asia, 38% from the Americas, and 8% from Europe.
Gross profit was $49.4 million, representing a gross margin of 78.3%, down from 79.8% in 2024. Cost of revenue was $13.7 million, up from $12.0 million in the prior year. Operating expenses totaled $95.3 million, including $29.9 million in research and development, $18.3 million in selling and marketing, $34.0 million in general and administrative, and $13.1 million in litigation settlement. The operating loss margin was -72.8%. Stock-based compensation expense was $10.8 million in 2025, down from $26.9 million in 2024. The company implemented a restructuring plan in October 2025, incurring $1.3 million in expenses, with the goal of streamlining operations and reducing costs.
Net cash used in operating activities was $33.9 million, primarily due to the net loss of $41.2 million, partially offset by non-cash adjustments including $10.8 million in stock-based compensation and $13.1 million in litigation settlement expense. Investing activities provided $33.7 million in cash, mainly from sales and maturities of marketable securities totaling $67.2 million, partially offset by $32.9 million in business acquisitions. Financing activities used $2.2 million in cash. Total cash, cash equivalents, and restricted cash were $17.3 million at December 31, 2025, down from $19.6 million at the end of 2024. Total assets were $122.6 million, with $46.1 million in current assets and $76.6 million in non-current assets. Total liabilities were $47.7 million, resulting in stockholders' equity of $75.0 million.
The company's growth strategy focuses on expanding in large, growing markets including display, automotive semiconductor, memory, quantum computing, photonics, data center, and AI. Management intends to enhance competitive advantage through research and development agility and a portfolio approach to software licensing. The company plans to continue seeking strategic acquisitions to accelerate growth and expand market footprint, as evidenced by the three acquisitions completed in 2025. Risk factors include dependence on the semiconductor industry cycle, intense competition from larger EDA companies, and potential impacts from global economic conditions and trade control regulations. The company expects to complete its restructuring plan in 2026, which is intended to improve execution and enhance stockholder value.