9 unchanged sentences
The effectiveness of the Company’s internal control over financial reporting as of December 31, 2025, has been audited by BPM LLP, the Company's independent registered public accounting firm, as stated in their report which appears in this Annual Report on Form 10-K.
+Added: On March 7, 2025, we completed the acquisition of SecureWise, which is operated under its own set of internal controls.
+Added: We are currently integrating this acquisition into our control environment.
+Added: In executing this integration, we are analyzing, evaluating and, where appropriate, making changes in controls and procedures in a manner commensurate with the size, complexity and scale of operations subsequent to the acquisition.
+Added: We expect to complete the SecureWise integration in fiscal year 2026.
+Added: SEC guidance permits management to omit an assessment of an acquired business’ internal control over financial reporting from management’s assessment of internal control over financial reporting for a period not to exceed one year from the date of the acquisition.
+Added: Accordingly, management has not assessed SecureWise internal control over financial reporting as of December 31, 2025.
Changes in Internal Control over Financial Reporting
−Removed: There were no changes in internal control over financial reporting during the fourth quarter ended December 31, 2024, which has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
+Added: Other than as described above, there were no changes in internal control over financial reporting during the fourth quarter ended December 31, 2025, which has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Other Information.
15 unchanged sentences
If we make any substantive amendments to our Code of Ethics or grant any waiver, including any implicit waiver, from a provision of the Code of Ethics to our Chief Executive Officer or Chief Financial Officer, we will disclose the nature of such amendment or waiver on our website or in a current report on Form 8‑K.
−Removed: We have adopted an Insider Trading and Disclosure Policy (filed as Exhibit 19.01 to this Annual Report on Form 10-K) governing the purchase, sale, and/or other dispositions of our securities by our directors, officers, and employees.
−Removed: We also follow procedures for our repurchase of our securities.
−Removed: We believe that our Insider Trading and Disclosure Policy and repurchase procedures are reasonably designed to promote compliance with insider trading laws, rules, and regulations and the Nasdaq listing standards applicable to us.
Executive Compensation.
9 unchanged sentences
Exhibits and Financial Statement Schedules
−Removed: (a) The following documents are filed as part of this report:
+Added: The following documents are filed as part of this report:
Consolidated Financial Statements and Reports of Independent Registered Public Accounting Firms
2 unchanged sentences
Consolidated Balance Sheets as of December 31, 2025 and 2024
−Removed: Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2024, 2023 and 2022
+Added: Consolidated Statements of Operations and Comprehensive Income (Loss) for the Years Ended December 31, 2025, 2024 and 2023
Consolidated Statements of Stockholders’ Equity for the Years Ended December 31, 2025, 2024 and 2023
8 unchanged sentences
Exhibit Description
−Removed: Exhibit Number
−Removed: SEC File Number
−Removed: Provided Herewith
Equity Purchase Agreement, dated as of February 19, 2025, by and among PDF Solutions, Inc., SecureWise LLC and Telit IOT Solutions Inc.
8 unchanged sentences
PDF Solutions, Inc.
−Removed: First Amended and Restated 2021 Employee Stock Purchase Plan *
+Added: Second Amended and Restated 2021 Employee Stock Purchase Plan*
PDF Solutions, Inc.
−Removed: Ninth Amended and Restated 2011 Stock Incentive Plan*
+Added: Tenth Amended and Restated 2011 Stock Incentive Plan*
Form of Stock Option Agreement (Non-statutory) under PDF Solutions, Inc.
6 unchanged sentences
Exhibit Description
−Removed: Exhibit Number
−Removed: Provided Herewith
Software License and Related Services Agreement by and between PDF Solutions, Inc.
18 unchanged sentences
dated July 29, 2020+
−Removed: Insider Trading and Disclosure Policy
+Added: Insider Trading and Disclosure Policy, dated February 9, 2026
Subsidiaries of Registrant
2 unchanged sentences
Exhibit Description
−Removed: Exhibit Number
−Removed: Provided Herewith
Certifications of the principal executive officer and principal financial and accounting officer pursuant to Exchange Act Rules 13a‑14(a) and 15d‑14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
5 unchanged sentences
Compensation Recovery Policy
−Removed: The following financial statements from the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL:
−Removed: (i) Consolidated Balance Sheets as of December 31, 2024 and 2023, (ii) Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2024, 2023 and 2022, (iii) Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 2024, 2023 and 2022, (iv) Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022, and (v) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags.
−Removed: Incorporated by Reference
−Removed: Exhibit Description
−Removed: Exhibit Number
−Removed: Provided Herewith
+Added: The following consolidated financial statements from the Company’s Annual Report on Form 10‑K for the year ended December 31, 2025, formatted in Inline XBRL:
+Added: (i) Consolidated Balance Sheets as of December 31, 2025 and 2024, (ii) Consolidated Statements of Operations and Comprehensive Income (Loss) for the Years Ended December 31, 2025, 2024 and 2023, (iii) Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 2025, 2024 and 2023, (iv) Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 2023, and (v) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags.
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
39 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.