Silvaco posts 26% revenue growth on acquisitions, burns $11M cash; ATM raises $4M at $5.75/share

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

• high

  Q1 2026 revenue grew 26% to $17.8M, driven primarily by recent acquisitions (OPC, Tech-X, Mixel). Gross margin improved to 86% from 79% as restructuring savings offset higher costs. Operating loss narrowed to $5.7M from $19.6M, though prior-year loss included $13.1M Nangate settlement charge.

  MD&A: Revenue & Profitability verify on EDGAR →
• high

  Operating cash burn worsened to $11.0M from $1.1M, driven by $8.3M final Nangate settlement payment. Cash balance fell to $10.9M from $74.5M (cash + marketable securities) a year earlier. Company raised $4.0M via new ATM program, selling 753K shares at $5.75 average—70% below May 2024 IPO price of $19.00.

  MD&A: Liquidity & Cash Flow verify on EDGAR →
• high

  Restructuring plan targeting $5.0M in costs (68 employees terminated, site closures) is 56% complete ($2.8M incurred). Company expects "significant annualized operating expense reductions" by year-end 2026, though R&D spend nearly doubled to $9.2M (52% of revenue) due to acquisition integration.

  MD&A: Restructuring verify on EDGAR →