svco-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-42043

Silvaco Group, Inc.

(Exact name of Registrant as specified in its charter)


Delaware						27-1503712
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification Number)

Silvaco Group, Inc.

4701 Patrick Henry Drive, Building #23

Santa Clara, CA 95054

(408) 567-1000

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

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

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

SVCO

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of August 3, 2026, the registrant had 33,885,758 shares of common stock, $0.0001 par value per share, outstanding.

Table of Contents

TABLE OF CONTENTS


		Page
PART I.	Financial Information	1

Item 1.	Financial Statements (unaudited)	1
	Condensed Consolidated Balance Sheets	1
	Condensed Consolidated Statements of Operations	2
	Condensed Consolidated Statements of Comprehensive Loss	3
	Condensed Consolidated Statements of Stockholders' Equity	4
	Condensed Consolidated Statements of Cash Flows	6
	Notes to the Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	31
Item 4.	Controls and Procedures	32

PART II.	Other Information	33

Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	54
Item 3.	Defaults Upon Senior Securities	54
Item 4.	Mine Safety Disclosures	55
Item 5.	Other Information	55
Item 6.	Exhibits	56

SIGNATURES

SILVACO GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands except share and par value amounts)


	June 30, 2026		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	13,000	$	9,008
Restricted cash	—		8,250
Current marketable securities	—		1,018
Accounts receivable, net	11,622		9,710
Contract assets, net	13,871		13,362
Prepaid expenses and other current assets	4,831		4,728
Total current assets	43,324		46,076
Non-current assets:
Property and equipment, net	1,272		1,525
Operating lease right-of-use assets, net	1,765		3,114
Intangible assets, net	23,784		26,027
Goodwill	30,070		30,070
Non-current portion of contract assets	13,717		14,272
Other assets	1,352		1,558
Total non-current assets	71,960		76,566
Total assets	$	115,284	$	122,642
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	2,588	$	3,483
Accrued expenses and other current liabilities	10,249		19,397
Accrued income taxes	990		2,486
Deferred revenue, current	8,056		10,751
Operating lease liabilities, current	979		1,121
Vendor financing obligation, current	2,305		1,165
Total current liabilities	25,167		38,403
Non-current liabilities:
Deferred revenue, non-current	4,694		5,157
Operating lease liabilities, non-current	770		1,961
Vendor financing obligation, non-current	1,018		2,038
Other non-current liabilities	—		94
Total liabilities	31,649		47,653
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025	—		—
Common stock, $0.0001 par value; 500,000,000 shares authorized; 33,682,164 and 30,948,403 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	3		3
Additional paid-in capital	164,641		146,136
Accumulated deficit	(78,755)		(69,218)
Accumulated other comprehensive loss	(2,254)		(1,932)
Total stockholders' equity	83,635		74,989
Total liabilities and stockholders' equity	$	115,284	$	122,642

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SILVACO GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands except share and per share amounts)


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue:
Software license revenue	$	11,821	$	7,217	$	23,430	$	17,226
Maintenance and service	5,985		4,831		12,131		8,914
Total revenue	17,806		12,048		35,561		26,140
Cost of revenue	2,644		3,504		5,061		6,520
Gross profit	15,162		8,544		30,500		19,620
Operating expenses:
Research and development	8,811		5,907		17,970		10,707
Selling and marketing	3,866		4,714		8,688		9,433
General and administrative	6,484		8,066		13,498		16,186
Litigation settlement	—		—		—		13,069
Total operating expenses	19,161		18,687		40,156		49,395
Operating loss	(3,999)		(10,143)		(9,656)		(29,775)
Interest income	29