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Side-by-side financial comparison of Nuvation Bio Inc. (NUVB) and PDF SOLUTIONS INC (PDFS). Click either name above to swap in a different company.

PDF SOLUTIONS INC is the larger business by last-quarter revenue ($62.4M vs $41.9M, roughly 1.5× Nuvation Bio Inc.). On growth, Nuvation Bio Inc. posted the faster year-over-year revenue change (633.1% vs 24.6%).

Nuvation Bio Inc. is a clinical-stage biopharmaceutical company focused on researching and developing targeted oncology therapies to address unmet medical needs in difficult-to-treat cancer types. Its core pipeline features novel drug candidates targeting key oncogenic pathways, with primary operations and market presence centered in North America.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

NUVB vs PDFS — Head-to-Head

Bigger by revenue
PDFS
PDFS
1.5× larger
PDFS
$62.4M
$41.9M
NUVB
Growing faster (revenue YoY)
NUVB
NUVB
+608.5% gap
NUVB
633.1%
24.6%
PDFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NUVB
NUVB
PDFS
PDFS
Revenue
$41.9M
$62.4M
Net Profit
$-48.0K
Gross Margin
72.9%
Operating Margin
-81.3%
5.5%
Net Margin
-0.1%
Revenue YoY
633.1%
24.6%
Net Profit YoY
-108.9%
EPS (diluted)
$-0.11
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NUVB
NUVB
PDFS
PDFS
Q4 25
$41.9M
$62.4M
Q3 25
$13.1M
$57.1M
Q2 25
$51.7M
Q1 25
$47.8M
Q4 24
$5.7M
$50.1M
Q3 24
$46.4M
Q2 24
$41.7M
Q1 24
$0
$41.3M
Net Profit
NUVB
NUVB
PDFS
PDFS
Q4 25
$-48.0K
Q3 25
$-55.8M
$1.3M
Q2 25
$1.1M
Q1 25
$-3.0M
Q4 24
$539.0K
Q3 24
$2.2M
Q2 24
$1.7M
Q1 24
$-14.8M
$-393.0K
Gross Margin
NUVB
NUVB
PDFS
PDFS
Q4 25
72.9%
Q3 25
74.5%
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
26.2%
68.3%
Q3 24
73.1%
Q2 24
70.6%
Q1 24
67.3%
Operating Margin
NUVB
NUVB
PDFS
PDFS
Q4 25
-81.3%
5.5%
Q3 25
-430.1%
8.5%
Q2 25
2.2%
Q1 25
-7.4%
Q4 24
-944.5%
1.0%
Q3 24
4.6%
Q2 24
0.6%
Q1 24
-4.7%
Net Margin
NUVB
NUVB
PDFS
PDFS
Q4 25
-0.1%
Q3 25
-425.2%
2.3%
Q2 25
2.2%
Q1 25
-6.3%
Q4 24
1.1%
Q3 24
4.8%
Q2 24
4.1%
Q1 24
-1.0%
EPS (diluted)
NUVB
NUVB
PDFS
PDFS
Q4 25
$-0.11
$0.00
Q3 25
$-0.16
$0.03
Q2 25
$0.03
Q1 25
$-0.08
Q4 24
$0.00
$0.01
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$-0.07
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NUVB
NUVB
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$529.2M
$42.2M
Total DebtLower is stronger
$47.2M
$67.0M
Stockholders' EquityBook value
$305.7M
$271.0M
Total Assets
$594.8M
$418.7M
Debt / EquityLower = less leverage
0.15×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NUVB
NUVB
PDFS
PDFS
Q4 25
$529.2M
$42.2M
Q3 25
$549.0M
$35.9M
Q2 25
$40.4M
Q1 25
$54.1M
Q4 24
$502.7M
$114.9M
Q3 24
$120.2M
Q2 24
$117.9M
Q1 24
$597.0M
$122.9M
Total Debt
NUVB
NUVB
PDFS
PDFS
Q4 25
$47.2M
$67.0M
Q3 25
$47.1M
$67.6M
Q2 25
$68.1M
Q1 25
$68.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NUVB
NUVB
PDFS
PDFS
Q4 25
$305.7M
$271.0M
Q3 25
$325.9M
$264.4M
Q2 25
$257.5M
Q1 25
$249.0M
Q4 24
$463.8M
$246.0M
Q3 24
$240.5M
Q2 24
$232.2M
Q1 24
$594.0M
$225.4M
Total Assets
NUVB
NUVB
PDFS
PDFS
Q4 25
$594.8M
$418.7M
Q3 25
$601.6M
$406.4M
Q2 25
$391.1M
Q1 25
$390.0M
Q4 24
$540.6M
$315.3M
Q3 24
$307.4M
Q2 24
$298.0M
Q1 24
$613.1M
$286.8M
Debt / Equity
NUVB
NUVB
PDFS
PDFS
Q4 25
0.15×
0.25×
Q3 25
0.14×
0.26×
Q2 25
0.26×
Q1 25
0.28×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NUVB
NUVB
PDFS
PDFS
Operating Cash FlowLast quarter
$-29.7M
$17.3M
Free Cash FlowOCF − Capex
$7.5M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NUVB
NUVB
PDFS
PDFS
Q4 25
$-29.7M
$17.3M
Q3 25
$-52.9M
$3.3M
Q2 25
$-5.2M
Q1 25
$8.6M
Q4 24
$-46.3M
$1.6M
Q3 24
$9.3M
Q2 24
$684.0K
Q1 24
$-15.7M
$-1.9M
Free Cash Flow
NUVB
NUVB
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-2.9M
Q2 25
$-13.8M
Q1 25
$535.0K
Q4 24
$-4.0M
Q3 24
$5.1M
Q2 24
$-4.6M
Q1 24
$-3.9M
FCF Margin
NUVB
NUVB
PDFS
PDFS
Q4 25
12.1%
Q3 25
-5.1%
Q2 25
-26.6%
Q1 25
1.1%
Q4 24
-8.0%
Q3 24
11.0%
Q2 24
-11.1%
Q1 24
-9.4%
Capex Intensity
NUVB
NUVB
PDFS
PDFS
Q4 25
15.7%
Q3 25
10.8%
Q2 25
16.5%
Q1 25
17.0%
Q4 24
11.3%
Q3 24
9.0%
Q2 24
12.8%
Q1 24
4.9%
Cash Conversion
NUVB
NUVB
PDFS
PDFS
Q4 25
Q3 25
2.54×
Q2 25
-4.55×
Q1 25
Q4 24
2.98×
Q3 24
4.20×
Q2 24
0.40×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NUVB
NUVB

Segment breakdown not available.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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