Core Insights - Silvaco Group, Inc. achieved record gross bookings of $22.8 million and record revenue of $18.7 million in Q3 2025, marking a 131% increase in bookings and a 70% increase in revenue year-over-year [1][6][4] - Despite the record revenue, the company reported an operating loss of $9.3 million due to high operating expenses, prompting the initiation of a cost-reduction program expected to lower annualized non-GAAP operating expenses by at least $15 million [2][6] - The company is focusing on core growth drivers and enhancing financial discipline to improve future results [2] Financial Performance - Revenue for Q3 2025 was $18.7 million, up 70% from $10.97 million in Q3 2024 [6][26] - TCAD revenue was $6.5 million (up 1%), EDA revenue was $10.4 million (up 294%), and SIP revenue was $1.7 million (down 6%) [6] - GAAP gross margin improved to 77.9%, up 326 basis points year-over-year, while non-GAAP gross margin reached 81.5%, up 179 basis points [6] - The company reported a GAAP net loss of $5.3 million, compared to a net loss of $6.6 million in Q3 2024, with a basic and diluted net loss per share of $0.18 [6][26] Business Developments - The acquisition of Mixel Group, Inc. was completed early in Q3 2025, contributing to the company's growth strategy [6] - The Jivaro parasitics reduction tool is gaining traction among leading semiconductor companies, and Analog Power Conversion LLC has adopted Silvaco's Design Technology Co-Optimization Flow for next-generation power devices [6] - Vicor has also adopted Silvaco's Victory TCAD™ 3D Simulation Solution for accurate power device modeling and simulation [6] Future Outlook - For Q4 2025, Silvaco expects bookings in the range of $15 million to $19 million and revenue between $14 million and $18 million [12] - Non-GAAP gross margin is anticipated to be between 78% and 82%, with non-GAAP operating expenses projected at $16 million to $18 million [12]
Silvaco Reports Third Quarter 2025 Financial Results