# EDGAR Filing Document

**Accession Number:** 0001943289
**File Stem:** 0001628280-26-017254
**Filing Date:** 2026-3
**Character Count:** 43483
**Document Hash:** 26e1c008e5eb8a7e76b349188973f29c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-017254.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0001628280-26-017254

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260312

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260312

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Silvaco Group, Inc.
- **CENTRAL INDEX KEY:** 0001943289
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 271503712
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42043
- **FILM NUMBER:** 26747936

**BUSINESS ADDRESS:**
- **STREET 1:** 4701 PATRICK HENRY DRIVE
- **STREET 2:** BUILDING #23
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054
- **BUSINESS PHONE:** (408) 567-1000

**MAIL ADDRESS:**
- **STREET 1:** 4701 PATRICK HENRY DRIVE
- **STREET 2:** BUILDING #23
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054

?xml version='1.0' encoding='ASCII'? svco-20260312

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): March 12, 2026** 

**Silvaco Group, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-42043** | **27-1503712** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification Number)** |

---

**Silvaco Group Inc.**

**4701 Patrick Henry Drive, Building #23**

**Santa Clara, CA 95054**

**(Address of principal executive offices, including Zip Code)** 

**Registrant's telephone number, including area code: (408) 567-1000**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol** | **Name of each exchange**<br>**on which registered** |
| Common stock, $0.0001 par value per share | SVCO | The Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On March 12, 2026, Silvaco Group, Inc. issued a press release announcing its financial results for the fourth fiscal quarter and full year ended December 31, 2025, and posted to its website supplemental financial information in connection therewith. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

*(a) Financial Statements of Business Acquired.*

Not applicable.

*(b) Pro Forma Financial Information.*

Not applicable.

*(c) Shell Company Transactions.*

Not applicable.

*(d) Exhibits.*

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>[99.1](a991q425earningsreleasedat.htm)</u> | <u>[Press release issued by Silvaco Group, Inc. dated](a991q425earningsreleasedat.htm)[March](a991q425earningsreleasedat.htm)[12, 202](a991q425earningsreleasedat.htm)[6](a991q425earningsreleasedat.htm)</u> |
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** |
| Date: March 12, 2026 | By: | /s/ Christopher J. Zegarelli |
|  |  | Christopher J. Zegarelli |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Silvaco Reports Fourth Quarter and Full-Year 2025 Financial Results**

**-- Secured second artificial intelligence-driven machine learning (AI/ML) FTCO™ customer, driving revenue above high end of guided range --** 

**-- Executing cost reduction strategies ahead of expectations, resulting in operating expenses below midpoint of guided range --**

**-- Q4'25 operating loss less than anticipated and cash burn, excluding one-time items, to reduce dramatically in Q1'26 --** 

**SANTA CLARA, Calif. – March 12, 2026 (GLOBE NEWSWIRE) --** Silvaco Group, Inc. (Nasdaq: SVCO) ("Silvaco" or the "Company"), a provider of TCAD, EDA software, and SIP solutions that enable innovative semiconductor design and digital twin modeling through AI software and innovation, today announced its fourth quarter and full year 2025 results.

"Silvaco's turnaround strategy is off to a strong start," said Walden Rhines, Silvaco's Chief Executive Officer. "We won our second AI/ML FTCO™ customer during the quarter, saw a meaningful uptick in the IP business and we are executing our cost down strategy faster than anticipated. As a result, fourth-quarter 2025 results were ahead of expectations, and we see continued strength to start 2026. Looking forward, we remain firmly committed to our prioritized growth drivers and financial and operational discipline as we continue to deliver predictable, profitable growth."

Chris Zegarelli, Silvaco's Chief Financial Officer, added, "Our cost reduction strategies are progressing faster than expected. As a result, we saw stronger gross margins and healthier operating profit in the fourth quarter of 2025. Looking forward, and excluding non-recurring settlement and severance payments, we expect our operating cash burn to fall dramatically in Q1. From there, we see a path to non-GAAP operating profitability and positive operating cash flow during the year. We are pleased with our progress and look forward to driving to profitability as the year progresses."

**Fourth Quarter 2025 and Recent Business Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TCAD bookings up 70% sequentially to $9.2 million driven by second FTCO customer secured in Asia, accelerating adoption of Silvaco's AI/ML FTCO™ process development solution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Almost 3x sequential growth in SIP revenue to a record of $5.1 million driven by the first full quarter of Mixel revenue post acquisition. SIP revenue in the fourth quarter exceeded SIP revenue for the full year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Taped out N2 PHY, expanding addressable market for MIPI solutions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Largest market segments driving quarterly bookings include display, power, foundry and automotive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Acquired 13 new customers across key markets including AI infrastructure (Power, Memory, Foundry) and Automotive accounting for 23% of bookings in the quarter. We also expanded opportunities with existing customers, accounting for 53% of gross bookings.

**Full Year 2025 Business Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Closed acquisitions of Cadence's PPC product line, Tech-X Corporation and Mixel Group, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Settled dispute with the former shareholders of Nangate, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SIP revenues grew to $9.7 million, up 98% from 2024; SIP bookings up more than 3x from 2024 to $10.4 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Leadership Update: New additions to the Executive team, including CEO Walden "Wally" Rhines and CFO Chris Zegarelli.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Company-wide cost reduction program initiated, currently expected to reduce annualized gross non-GAAP operating expenses by $20 million. $14 million in annualized reductions executed by the end of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Acquired 37 new customers across key markets including AI infrastructure (Power, Memory, Foundry), Automotive, Display and Photonics accounting for 19% of bookings for the year. We also expanded opportunities with existing customers, accounting for 54% of gross bookings.

------

**Fourth Quarter 2025 Financial Results** 

*GAAP Financial Results:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Revenue of $18.3 million, up 2% year-over-year. .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ TCAD revenue of $8.8 million, down 31% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ EDA revenue of $4.4 million, up 4% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ SIP revenue of $5.1 million, up 483% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP gross margin of 83%, down 310 basis points year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP operating loss of $6.8 million, compared to $2.4 million operating income in Q4 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP net loss of $7.2 million, compared to $4.2 million net income in Q4 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP basic and diluted net loss per share of $0.24, compared to basic and diluted net income per share of $0.14 in Q4 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• As of Q4 end, cash, cash equivalents, short term marketable securities and restricted cash totaled $18.3 million.

*Key Operating Indicators and Non-GAAP Financial Results*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross bookings were $18.3 million, down 10% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP gross margin of 86%, down 237 basis points year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP operating loss of $1.1 million, compared to $2.9 million operating income in Q4 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP net loss of $0.8 million, compared to $4.0 million net income in Q4 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP basic and diluted net loss per share of $0.03, compared to basic and diluted net income per share of $0.14 in Q4 2024.

**Full Year 2025 Financial Results** 

*GAAP Financial Results:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue of $63.1 million up 6% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ TCAD revenue of $30.0 million, down 25% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ EDA revenue of $23.4 million, up 60% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ SIP revenue of $9.7 million, up 98% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP gross margin of 78%, down 154 basis points year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP operating loss of $45.9 million, compared to $40.3 million operating loss in FY 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP net loss of $41.2 million, compared to $39.4 million net loss in FY 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP basic and diluted net loss per share of $1.39, compared to basic and diluted net loss per share of $1.53 in FY 2024.

*Key Operating Indicators and Non-GAAP Financial Results:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross bookings were $67.7 million, up 3% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP gross margin of 81%, down 432 basis points year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP operating loss of $12.4 million, compared to $4.8 million operating income in FY 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP net loss of $11.1 million, compared to a $5.5 million net income in FY 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP basic and diluted net loss per share of $0.37, compared to basic and diluted net income per share of $0.22 in FY 2024.

For a discussion of the non-GAAP metrics presented in this press release, as well as a reconciliation of non-GAAP metrics to the nearest comparable GAAP metric, see "Discussion of Non-GAAP Financial Measures" and "GAAP to Non-GAAP Reconciliation" in the accompanying tables below.

Supplementary materials to this press release, including fourth quarter 2025 financial results, can be found at

https://investors.silvaco.com/financial-information/quarterly-results.

------

**First Quarter and Full Year 2026 Financial Outlook** 

As of March 12, 2026, Silvaco is providing guidance for its first quarter of 2026, which represents Silvaco's current estimates on its operations and financial results. The financial information below represents forward-looking financial information and in some instances forward-looking, non-GAAP financial information, including estimates of Bookings, non-GAAP gross margin and non-GAAP operating expenses. GAAP gross margin is the most comparable GAAP measure to non-GAAP gross margin and GAAP operating expenses are the most comparable GAAP measures to non-GAAP operating expenses. Non-GAAP gross margin differs from GAAP gross margin in that it excludes items such as stock-based compensation expense, IPO related costs, and acquisition related costs. Non-GAAP operating expenses differ from GAAP operating expenses in that they exclude items such as acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, IPO related costs, and restructuring and other related costs. Silvaco is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort. Therefore, Silvaco has not provided guidance for GAAP gross margin or GAAP operating expenses or a reconciliation of the forward-looking non-GAAP gross margin or non-GAAP operating expenses to GAAP gross margin or GAAP operating expenses, respectively. However, it is important to note that these excluded items could be material to our results computed in accordance with GAAP in future periods.

Based on current business trends and conditions, the Company expects for first quarter 2026 the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bookings in the range of $15 million to $19 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue in the range of $15 million to $19 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP gross margin of around 85%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP operating expenses in the range of $14.5 million to $16.5 million.

**Fourth Quarter 2025 Conference Call Details** 

A press release highlighting the Company's results along with supplemental financial results will be available at https://investors.silvaco.com/. An archived replay of the conference call will be available on this website for a limited time after the call. Participants who want to join the call and ask a question may register for the call here to receive the dial-in numbers and unique PIN.

Date: Thursday, March 12, 2026

Time: 5:00 p.m. Eastern time

Webcast: Here (live and replay)

**About Silvaco**

Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco's solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Egypt, Brazil, China, Japan, Korea, Singapore, Vietnam, and Taiwan.

**Safe Harbor Statement**

This press release contains forward-looking statements based on Silvaco's current expectations. The words "believe", "estimate", "expect", "intend", "anticipate", "plan", "project", "will", and similar phrases as they relate to Silvaco are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silvaco and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

These forward-looking statements include but are not limited to, statements regarding our future operating results, financial position, and guidance, our business strategy and plans, our objectives for future operations, our development or delivery of new or enhanced products, and anticipated results of those products for our customers, our competitive positioning, projected costs, technological capabilities, and plans, and macroeconomic trends.

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A variety of risks and factors that are beyond our control could cause actual results to differ materially from those in the forward-looking statements including, without limitation, the following: (a) market conditions; (b) anticipated trends, challenges and growth in our business and the markets in which we operate; (c) our ability to appropriately respond to changing technologies on a timely and cost-effective basis; (d) the size and growth potential of the markets for our software solutions, and our ability to serve those markets; (e) our expectations regarding competition in our existing and new markets; (f) the level of demand in our customers' end markets; (g) regulatory developments in the United States and foreign countries; (h) changes in trade policies, including the imposition of tariffs; (i) proposed new software solutions, services or developments; (j) our ability to attract and retain key management personnel; (k) our customer relationships and our ability to retain and expand our customer relationships; (l) our ability to diversify our customer base and develop relationships in new markets; (m) the strategies, prospects, plans, expectations, and objectives of management for future operations; (n) public health crises, pandemics, and epidemics and their effects on our business and our customers' businesses; (o) the impact of the current conflicts between Ukraine and Russia and Israel and Hamas and the ongoing trade disputes among the United States and China on our business, financial condition or prospects, including extreme volatility in the global capital markets making debt or equity financing more difficult to obtain, more costly or more dilutive, delays and disruptions of the global supply chains and the business activities of our suppliers, distributors, customers and other business partners; (p) changes in general economic or business conditions or economic or demographic trends in the United States and foreign countries including changes in tariffs, interest rates and inflation; (q) our ability to raise additional capital; (r) our ability to accurately forecast demand for our software solutions; (s) our ability to successfully retain key personnel, integrate and realize the benefits of acquisitions; (t) our expectations regarding the period during which we qualify as an emerging growth company under the JOBS Act and as a smaller reporting company under the Exchange Act; (u) our expectations regarding our ability to obtain, maintain, protect and enforce intellectual property protection for our technology; (v) our status as a controlled company; and (w) our use of the net proceeds from our initial public offering.

It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Accordingly, you should not rely on any of the forward-looking statements. Additional information relating to the uncertainty affecting Silvaco's business is contained in Silvaco's filings with the Securities and Exchange Commission. These documents are available on the SEC Filings section of the Investor Relations section of Silvaco's website at http://investors.silvaco.com/. These forward-looking statements represent Silvaco's expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Silvaco disclaims any obligation to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

**Discussion of Non-GAAP Financial Measures and Other Key Business Metrics**

We use certain non-GAAP financial measures and key business metrics to supplement the performance measures in our consolidated financial statements, which are presented in accordance with GAAP. These non-GAAP financial measures include non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP basic and diluted net income (loss) per share. Key business metrics include bookings. We use these non-GAAP financial measures and key business metrics for financial and operational decision-making and as a means to assist us in evaluating period-to-period comparisons.

We define non-GAAP gross profit as our GAAP gross profit adjusted to exclude certain costs, including stock-based compensation expense, IPO related costs, and acquisition related costs. We define non-GAAP operating income (loss), as our GAAP operating income (loss) adjusted to exclude certain costs, including IPO related costs, acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, and restructuring and other related costs. We define non-GAAP net income (loss) as our GAAP net income (loss) adjusted to exclude certain costs, including IPO related costs, acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs, loss on debt extinguishment, and the income tax effect on non-GAAP items. Our non-GAAP basic and diluted net income (loss) per share is calculated in the same way as our non-GAAP net income (loss), but on a per share basis. We monitor non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share as non-GAAP financial measures to supplement the financial information we present in accordance with GAAP to provide investors with additional information regarding our financial results.

Certain items are excluded from our non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share because these items are non-cash in nature or are not indicative of our core operating performance and render comparisons with prior periods and competitors less meaningful. We adjust GAAP gross profit, GAAP operating income (loss), GAAP net income (loss), and GAAP basic and diluted net income (loss) per share for these items to arrive at non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP basic and diluted net income (loss) per share because these amounts can vary substantially from company to company within our

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industry depending upon accounting methods and book values of assets, capital structure and the method by which the assets were acquired. By excluding certain items that may not be indicative of our recurring core operating results, we believe that non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share provide meaningful supplemental information regarding our performance.

We believe these non-GAAP financial measures are useful to investors and others because they allow for additional information with respect to financial measures used by management in its financial and operational decision-making and they may be used by our institutional investors and the analyst community to help them analyze our financial performance and the health of our business. However, there are a number of limitations related to the use of non-GAAP financial measures, and these non-GAAP measures should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with GAAP. Other companies, including companies in our industry, may calculate these non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures.

We define a booking as a signed contract and related purchase commitment from a customer, based on the value set forth in a purchase order. We believe bookings are a useful metric to measure whether we are successful in our sales efforts with new and existing customers and provide an indication of trends in our operating results that are not necessarily reflected in our revenue. Reported bookings may be subject to adjustments and potential cancellations prior to the satisfaction of our customer obligations.

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**SILVACO GROUP, INC.**

**CONSOLIDATED BALANCE SHEETS**

*(in thousands except share and par value amounts)*

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| | | |
|:---|:---|:---|
| | **As of December 31,** | **As of December 31,** |
| | **2025** | **2024** |
| ASSETS |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | $9008 | $19606 |
| Accounts receivable, net | 9710 | 9211 |
| Short-term marketable securities | 1018 | 63071 |
| Contract assets, net | 13362 | 11932 |
| Prepaid expenses and other current assets | 4728 | 3460 |
| Restricted Cash | 8250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | **46076** | **107280** |
| Non-current assets: |  |  |
| Non-current marketable securities |  | 4785 |
| Property and equipment, net | 1525 | 865 |
| Operating lease right-of-use assets, net | 3114 | 1711 |
| Intangible assets, net | 26027 | 4369 |
| Goodwill | 30070 | 9026 |
| Non-current portion of contract assets, net | 14272 | 12611 |
| Other assets | 1558 | 1698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-current assets | **76566** | **35065** |
| Total assets | $**122642** | $**142345** |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| Accounts payable | $3483 | $3316 |
| Accrued expenses and other current liabilities | 19397 | 19801 |
| Accrued income taxes | 2486 | 1668 |
| Operating lease liabilities, current | 1121 | 744 |
| Deferred revenue, current | 10751 | 7497 |
| Vendor financing obligations, current | 1165 | 1462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | **38403** | **34488** |
| Non-current liabilities: |  |  |
| Deferred revenue, non-current | 5157 | 3593 |
| Operating lease liabilities, non-current | 1961 | 946 |
| Vendor financing obligations, non-current | 2038 | 2928 |
| Other non-current liabilities | 94 | 307 |
| Total liabilities | **47653** | **42262** |
| Stockholders' equity: |  |  |
| Common stock | 3 | 3 |
| Additional paid-in capital | 146136 | 130360 |
| Accumulated deficit | (69218) | (28012) |
| Accumulated other comprehensive loss | (1932) | (2268) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total stockholders' equity | **74989** | **100083** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $**122642** | $**142345** |

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**SILVACO GROUP, INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF INCOME**

*(in thousands except share and par value amounts)*

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Twelve Months Ended December 31,** | **Twelve Months Ended December 31,** |
| | **1905** | **1905** | **1905** | **1905** |
| Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software license revenue | $11902 | $13870 | $42885 | $43991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance and service | 6350 | 3989 | 20179 | 15689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue | **18252** | **17859** | **63064** | **59680** |
| Cost of revenue | **3041** | **2422** | **13694** | **12042** |
| Gross profit | **15211** | **15437** | **49370** | **47638** |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development | 10412 | 5283 | 29858 | 20740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling and marketing | 4611 | 3983 | 18310 | 18300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 6966 | 7529 | 34028 | 37571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Litigation settlement |  | (3782) | 13069 | 11306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | **21989** | **13013** | **95265** | **87917** |
| Operating (loss) income | **(6778)** | **2424** | **(45895)** | **(40279)** |
| Loss on debt extinguishment |  |  |  | (718) |
| Interest income | 117 | 1077 | 1947 | 2976 |
| Interest expense and other income (expense), net | (45) | (67) | (697) | (899) |
| (Loss) income before income tax provision | **(6706)** | **3434** | **(44645)** | **(38920)** |
| Income tax provision | 519 | (723) | (3439) | 484 |
| Net loss | $**(7225)** | $**4157** | $**(41206)** | $**(39404)** |
| Net loss per share attributable to common stockholders: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted | $(0.24) | $0.14 | $(1.39) | $(1.53) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $(0.24) | $0.14 | $(1.39) | $(1.53) |
| Weighted average shares used in computing per share amounts: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted | 30717270 | 28734082 | 29741263 | 25672845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 30717270 | 28849041 | 29741263 | 25672845 |

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| | | |
|:---|:---|:---|
| **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** |
| **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** | **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** | **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** |
| *(Unaudited, in thousands)* | *(Unaudited, in thousands)* | *(Unaudited, in thousands)* |
|  | **Year Ended December 31,** | **Year Ended December 31,** |
|  | **2025** | **2024** |
| **Cash flows from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $**(41206)** | $**(39404)** |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 3470 | 1285 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 10813 | 26915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on fixed asset disposal | 38 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for estimated credit losses | (80) | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion of discount on marketable securities, net | (490) | (1685) |
| &nbsp;&nbsp;&nbsp;&nbsp;Litigation settlement | 13069 | 11306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on debt extinguishment |  | 718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration | 94 | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 2288 | (5971) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract assets | (2667) | (10293) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (164) | (790) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 1281 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (781) | 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | (27626) | (2160) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related party funding of litigation settlement | 8125 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued income taxes | 817 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 1508 | (1585) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities | (2395) | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash used in operating activities** | **(33906)** | **(19774)** |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of marketable securities |  | (99630) |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of marketable securities | 32288 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maturities of marketable securities | 34900 | 33600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from fixed asset disposal | 32 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment | (618) | (505) |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition of businesses | (32879) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by (used in) investing activities** | **33723** | **(66535)** |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from initial public offering, net of underwriting fees |  | 106020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of convertible note, net of debt issuance costs |  | 4852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from loan facility |  | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayment of loan facility |  | (4250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayment of related party line of credit |  | (2000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock for share-based awards | 899 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of payroll taxes related to shares withheld from employees | (1808) | (4575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred transaction costs |  | (2649) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingent consideration | (46) | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of vendor financing obligation | (1259) | (588) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash (used in) provided by financing activities** | **(2214)** | **101301** |
| **Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash** | **49** | **193** |
| **Net (decrease) increase in cash, cash equivalents and restricted cash** | **(2348)** | **15185** |
| **Cash, cash equivalents and restricted cash, beginning of period** | **19606** | **4421** |
| **Cash, cash equivalents and restricted cash, end of period** | $**17258** | $**19606** |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** |
| **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** | **Revenue** |
| *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* | *(Unaudited)* |
|  | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **Year** | **Q1** | **Q2** | **Q3** | **Q4** | **Year** |
| **Revenue by Region:** |  |  |  |  |  |  |  |  |  |  |
| Americas | 27% | 51% | 31% | 40% | 38% | 20% | 36% | 55% | 35% | 38% |
| APAC | 62% | 41% | 58% | 52% | 53% | 66% | 57% | 40% | 57% | 54% |
| EMEA | 11% | 8% | 11% | 8% | 9% | 14% | 7% | 5% | 8% | 8% |
| **Total revenue** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** |
| **Revenue by Product Line:** |  |  |  |  |  |  |  |  |  |  |
| TCAD | 66% | 69% | 59% | 71% | 68% | 56% | 56% | 35% | 48% | 48% |
| EDA | 30% | 20% | 24% | 24% | 24% | 36% | 29% | 56% | 24% | 37% |
| SIP | 4% | 11% | 17% | 5% | 8% | 8% | 15% | 9% | 28% | 15% |
| **Total revenue** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** |
| **Revenue Item Category:** |  |  |  |  |  |  |  |  |  |  |
| Software license revenue | 77% | 74% | 62% | 78% | 74% | 71% | 60% | 74% | 65% | 68% |
| Maintenance and service | 23% | 26% | 38% | 22% | 26% | 29% | 40% | 26% | 35% | 32% |
| **Total revenue** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** |
| **Revenue by Country:** |  |  |  |  |  |  |  |  |  |  |
| United States | 26% | 50% | 30% | 39% | 37% | 20% | 30% | 55% | 34% | 37% |
| China | 11% | 17% | 25% | 23% | 18% | 14% | 28% | 16% | 22% | 20% |
| Other | 63% | 33% | 45% | 38% | 45% | 66% | 42% | 29% | 44% | 43% |
| **Total revenue** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** | **100%** |

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| | | | | |
|:---|:---|:---|:---|:---|
| **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** | **SILVACO GROUP, INC.** |
| **GAAP to Non-GAAP Reconciliation\*** | **GAAP to Non-GAAP Reconciliation\*** | **GAAP to Non-GAAP Reconciliation\*** | **GAAP to Non-GAAP Reconciliation\*** | **GAAP to Non-GAAP Reconciliation\*** |
| *(Unaudited, in thousands except per share amounts)* | *(Unaudited, in thousands except per share amounts)* | *(Unaudited, in thousands except per share amounts)* | *(Unaudited, in thousands except per share amounts)* | *(Unaudited, in thousands except per share amounts)* |
|  | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **12/31/2025** | **12/31/2024** | **12/31/2025** | **12/31/2024** |
| **GAAP Gross profit** | $**15211** | $**15437** | $**49370** | $**47638** |
| &nbsp;&nbsp;&nbsp;Add: Stock-based compensation expense | 253 | 194 | 1213 | 2974 |
| &nbsp;&nbsp;&nbsp;Add: IPO related costs |  | 80 |  | 80 |
| &nbsp;&nbsp;&nbsp;Add: Acquisition related costs | 159 |  | 258 |  |
| **Non-GAAP Gross profit** | $**15623** | $**15711** | $**50841** | $**50692** |
| **GAAP Operating (loss) income** | $**(6778)** | $**2424** | $**(45895)** | $**(40279)** |
| &nbsp;&nbsp;&nbsp;Add: Stock-based compensation expense | 2057 | 2527 | 9073 | 26915 |
| &nbsp;&nbsp;&nbsp;Add (Less): Acquisition related costs | 1126 | (3259) | 18931 | 15935 |
| &nbsp;&nbsp;&nbsp;Add: Restructuring, executive severance and other related costs | 1679 | 415 | 3425 | 415 |
| &nbsp;&nbsp;&nbsp;Add: IPO related costs |  | 725 |  | 1598 |
| &nbsp;&nbsp;&nbsp;Add: Amortization of acquired intangible assets | 859 | 43 | 2075 | 206 |
| **Non-GAAP Operating (loss) income** | $**(1057)** | $**2875** | $**(12391)** | $**4790** |
| **GAAP Net (loss) income** | $**(7225)** | $**4157** | $**(41206)** | $**(39404)** |
| &nbsp;&nbsp;&nbsp;Add: Stock-based compensation expense | 2057 | 2527 | 9073 | 26915 |
| &nbsp;&nbsp;&nbsp;Add (Less): Acquisition related costs | 1254 | (3268) | 19156 | 15908 |
| &nbsp;&nbsp;&nbsp;Add: Restructuring, executive severance and other related costs | 1679 | 415 | 3425 | 415 |
| &nbsp;&nbsp;&nbsp;Add: IPO related costs |  | 725 |  | 1598 |
| &nbsp;&nbsp;&nbsp;Add: Loss on debt extinguishment |  |  |  | 718 |
| &nbsp;&nbsp;&nbsp;Add: Amortization of acquired intangible assets | 859 | 43 | 2075 | 206 |
| &nbsp;&nbsp;&nbsp;Add (Less): Income tax effect of non-GAAP adjustment | 541 | (566) | (3629) | (831) |
| **Non-GAAP Net (loss) income** | $**(835)** | $**4033** | $**(11106)** | $**5525** |
| **GAAP Net (loss) income per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(0.24) | $0.14 | $(1.39) | $(1.53) |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.24) | $0.14 | $(1.39) | $(1.53) |
| **Non-GAAP Net (loss) income per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(0.03) | $0.14 | $(0.37) | $0.22 |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.03) | $0.14 | $(0.37) | $0.22 |
| **Weighted average shares used in GAAP and non-GAAP net income (loss) per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 30717270 | 28734082 | 29741263 | 25672845 |
| &nbsp;&nbsp;&nbsp;Diluted | 30717270 | 28849041 | 29741263 | 26841901 |

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\*Effective for the fiscal year ended December 31, 2025, the Company updated certain aspects of its non-GAAP financial measures to improve consistency, transparency and comparability across periods. These changes have been applied retrospectively to all periods presented.

**Investor Contact:** 

Greg McNiff

<u>investors@silvaco.com</u> 

**Media Contact:** 

Tiffany Behany

<u>press@silvaco.com</u> 

<br>