Silvaco Group (SVCO) investor relations material

Executive summary

• Q3 2025 delivered record revenue of $18.7 million, up 70% year-over-year, and record bookings of $22.8 million, driven by strong software license sales, EDA segment outperformance, and recent acquisitions including Mixel Group, Inc.

• Leadership changes included the appointment of a new CEO and CFO, with a strategic focus on differentiated growth products and financial discipline.

• A company-wide cost reduction program was launched, targeting at least $15 million in annualized non-GAAP operating expense savings, including early retirement and office consolidation.

• Product momentum continued with increased adoption of key tools such as Jivaro, DTCO, and Victory TCAD among leading semiconductor companies.

• Three acquisitions (OPC Business, Tech-X, Mixel) completed in 2025 expanded product offerings and market reach.

Financial highlights

• Q3 2025 revenue was $18.7 million, up 70% year-over-year; bookings reached $22.8 million, up 131% year-over-year.

• Software license revenue doubled to $13.8 million; maintenance and service revenue grew 19% to $4.9 million.

• GAAP gross margin was 77.9% (up 326 bps YoY); non-GAAP gross margin was 81.5% (up 179 bps YoY).

• GAAP net loss was $5.3 million (improved from $6.6 million YoY); non-GAAP net loss was $2.1 million.

• Cash, cash equivalents, and marketable securities totaled $27.8 million at quarter end.

Outlook and guidance

• Q4 2025 guidance: bookings of $15 million–$19 million, revenue of $14 million–$18 million, non-GAAP gross margin 78%–82%, non-GAAP OPEX $16 million–$18 million.

• Most cost reductions to be realized by end of fiscal year, with full impact in Q1 2026; further reductions expected through 2026.

• Long-term target is double-digit top-line growth, with expectations to return to low double digits and then mid-double digits.

• Management expects continued investment in R&D and integration of recent acquisitions to drive future growth.