8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
May 7, 2026·SEC
Material company update
Apr 30, 2026·SEC
Silvaco Group, Inc. Common Stock(SVCO)Earnings, Financials & Key Ratios
SVCO•NASDAQ
Price updated Jun 19, 2026
AboutSilvaco Group, Inc. provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions. The company's TCAD software are used in various applications, such as physical etch and deposition process simulation; calibration of doping profiles and metal oxide semiconductor/bipolar transistors; modeled effects; photonics simulation for solar cell, charge-coupled device (CCD), metal oxide semiconductor image sensor, thin-film transistor (TFT), liquid crystal display, and organic light-emitting diode using ray tracing/finite-difference time domain/timing memory; single event effect and total dose simulation; and stress simulation. Its EDA software solution covers various areas of analog/mixed-signal/radiofrequency circuit simulation; and custom integrated circuits CAD and interconnect modeling, including support for CMOS, bipolar, diode, junction-gate field-effect transistor, silicon on insulator, TFT, high-electron mobility transistor, insulated-gate bipolar transistor, and resistor and capacitor models, as well as provides SPICE modeling services for the semiconductor industry. The company also provides SIP and EDA software and design services, such as standard cell library development; IP migration to new process; embedded memory compilers, such as static random-access memories, read only memories, and register files; library characterization services; and general purpose and custom I/Os. Further, the company provides SIP management tools and SIP. It serves semiconductor manufacturers, original equipment manufacturers, and original design manufacturers that deploys solutions in production flows across various target markets, including display, power devices, automotive, memory, high performance compute, Internet of Things, and 5G/6G mobile markets in the United States and internationally. Silvaco Group, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.Show more
- Revenue$63M+5.7%
- EBITDA-$10M+73.8%
- Net Income-$41M-4.6%
- EPS (Diluted)-1.39+9.2%
- Gross Margin78.29%-1.9%
- EBITDA Margin-16.17%+75.2%
- Operating Margin-21.68%+67.9%
- Net Margin-65.34%+1.0%
- ROE-47.07%+34.6%
SVCO Key Insights
Silvaco Group, Inc. Common Stock (SVCO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Momentum leader: RS Rating 97 (top 3%)
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 15.8% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when SVCO posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
SVCO Price & Volume
Silvaco Group, Inc. Common Stock (SVCO) stock price & volume — 10-year historical chart
Loading chart...
SVCO Growth Metrics
Silvaco Group, Inc. Common Stock (SVCO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years9.38%
3 Years10.71%
TTM15.28%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM53.72%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM59.74%
Return on Capital
10 Years-13.99%
5 Years-20.03%
3 Years-24.06%
Last Year-14.23%
SVCO Recent Earnings
Silvaco Group, Inc. Common Stock (SVCO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (56%)●Beat Revenue 4/12 qtrs (44%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.02+60.0%
$0.05
Rev
$18M+4.2%
$17M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.03+74.3%
$0.12
Rev
$18M+11.5%
$16M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.07-16.7%
$0.06
Rev
$19M+13.6%
$16M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.16-77.8%
$0.09
Rev
$12M-24.5%
$16M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.02vs $0.05+60.0% | $18Mvs $17M+4.2% |
| Q2 2026 | Mar 12, 2026 | $0.03vs $0.12+74.3% | $18Mvs $16M+11.5% |
| Q4 2025 | Nov 12, 2025 | $0.07vs $0.06-16.7% | $19Mvs $16M+13.6% |
| Q3 2025 | Aug 6, 2025 | $0.16vs $0.09-77.8% | $12Mvs $16M-24.5% |
Based on last 12 quarters of dataView full earnings history →
SVCO Peer Comparison
Silvaco Group, Inc. Common Stock (SVCO) competitors in Engineering design and simulation software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CDNS | 106.96B | 387.39 | 95.42 | 14.12% | 20.94% | 21.68% | 0.45 | |
 SNPS | 87.22B | 455.51 | 56.66 | 15.12% | 8.91% | 2.64% | 0.50 | |
 SMTC | 14.74B | 158.23 | -343.98 | -3.25% | -6.43% | 0.89 | ||
 COHU | 3.26B | 69.40 | -43.65 | 12.74% | -11.54% | -6.84% | 0.46 | |
 ONTO | 16.6B | 333.76 | 120.06 | 1.82% | 10.33% | 5.19% | 0.01 | |
 AMBA | 3.07B | 69.97 | -39.31 | 37.15% | -17.18% | -11.77% | 0.02 | |
 SITM | 19.24B | 729.04 | -423.86 | 61.16% | -6.38% | -2.15% | 0.00 | |
 INTC | 672.77B | 133.99 | -2274.87 | -0.47% | -5.9% | -2.68% | 0.37 |
Compare SVCO vs Peers
Silvaco Group, Inc. Common Stock (SVCO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SVCO Income Statement
Silvaco Group, Inc. Common Stock (SVCO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 40.28M | 41.96M | 46.47M | 54.25M | 59.68M | 63.06M | 66.73M |
Revenue Growth % | - | 4.18% | 10.75% | 16.72% | 10.02% | 5.67% | 15.28% |
Cost of Goods Sold | 8.67M | 8.65M | 8.89M | 9.35M | 12.04M | 13.69M | 14.06M |
COGS % of Revenue | 21.53% | 20.62% | 19.12% | 17.24% | 20.18% | 21.71% | - |
Gross Profit | 31.61M▲ 0% | 33.31M▲ 5.4% | 37.59M▲ 12.8% | 44.89M▲ 19.4% | 47.64M▲ 6.1% | 49.37M▲ 3.6% | 52.67M▲ 0% |
Gross Margin % | 78.47% | 79.38% | 80.88% | 82.76% | 79.82% | 78.29% | 78.94% |
Gross Profit Growth % | - | 5.39% | 12.84% | 19.43% | 6.12% | 3.64% | - |
Operating Expenses | 27.97M | 36.85M | 39.46M | 43.76M | 87.92M | 63.04M | 83.12M |
OpEx % of Revenue | 69.43% | 87.81% | 84.91% | 80.67% | 147.31% | 99.96% | - |
Selling, General & Admin | 16.81M | 23.31M | 26.45M | 30.59M | 55.87M | 52.34M | 51.34M |
SG&A % of Revenue | 41.73% | 55.54% | 56.92% | 56.39% | 93.62% | 82.99% | - |
Research & Development | 11.16M | 13.54M | 12.45M | 13.17M | 20.74M | 29.86M | 33.82M |
R&D % of Revenue | 27.7% | 32.26% | 26.78% | 24.28% | 34.75% | 47.35% | - |
Other Operating Expenses | 0 | 0 | 560K | 0 | 11.31M | -19.16M | -1000K |
Operating Income | 3.64M▲ 0% | -3.54M▼ 197.1% | -1.87M▲ 47.0% | 1.13M▲ 160.5% | -40.28M▼ 3651.9% | -13.67M▲ 66.1% | -30.45M▲ 0% |
Operating Margin % | 9.04% | -8.43% | -4.03% | 2.09% | -67.49% | -21.68% | -45.63% |
Operating Income Growth % | - | -197.14% | 47.03% | 160.54% | -3651.94% | 66.06% | - |
EBITDA | 4.46M | -2.37M | -1.32M | 1.74M | -38.99M | -10.2M | -26.14M |
EBITDA Margin % | 11.07% | -5.66% | -2.84% | 3.2% | -65.34% | -16.17% | -39.18% |
EBITDA Growth % | - | -153.23% | 44.31% | 231.24% | -2347.49% | 73.84% | 56.92% |
D&A (Non-Cash Add-back) | 820K | 1.16M | 551K | 601K | 1.28M | 3.47M | 4.3M |
EBIT | 3.64M | -1.26M | -1.87M | 1.13M | -38.02M | -13.67M | -29.2M |
Net Interest Income | -784K | -317K | -355K | -624K | 2.08M | 1.25M | 920K |
Interest Income | 0 | 0 | 0 | 0 | 2.98M | 1.95M | 1.13M |
Interest Expense | 784K | 317K | 355K | 624K | 899K | 697K | 97K |
Other Income/Expense | -784K | 1.96M | -355K | -624K | 1.36M | -30.98M | -859K |
Pretax Income | 2.86M▲ 0% | -1.57M▼ 155.1% | -2.23M▼ 41.5% | 510K▲ 122.9% | -38.92M▼ 7731.4% | -44.65M▼ 14.7% | -31.31M▲ 0% |
Pretax Margin % | 7.09% | -3.75% | -4.79% | 0.94% | -65.21% | -70.79% | -46.92% |
Income Tax | 306K | 270K | 1.7M | 826K | 484K | -3.44M | -3.52M |
Effective Tax Rate % | 10.71% | -17.14% | -76.3% | 161.96% | -1.24% | 7.7% | 11.23% |
Net Income | 2.55M▲ 0% | -1.84M▼ 172.4% | -3.93M▼ 112.9% | -316K▲ 92.0% | -39.4M▼ 12369.6% | -41.21M▼ 4.6% | -27.79M▲ 0% |
Net Margin % | 6.33% | -4.4% | -8.45% | -0.58% | -66.03% | -65.34% | -41.65% |
Net Income Growth % | - | -172.35% | -112.9% | 91.96% | -12369.62% | -4.57% | 53.72% |
Net Income (Continuing) | 2.55M | -1.84M | -3.93M | -316K | -39.4M | -41.21M | -27.79M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 0.06▲ 0% | -0.04▼ 173.0% | -0.14▼ 221.1% | -0.01▲ 92.1% | -1.53▼ 13683.8% | -1.39▲ 9.2% | -0.89▲ 0% |
EPS Growth % | - | -173.03% | -221.1% | 92.07% | -13683.78% | 9.15% | 59.74% |
EPS (Basic) | 0.09 | -0.04 | -0.14 | -0.01 | -1.53 | -1.39 | - |
Diluted Shares Outstanding | 42.72M | 42.34M | 28.53M | 28.53M | 25.67M | 29.74M | 31.37M |
Basic Shares Outstanding | 28.53M | 28.53M | 28.53M | 28.53M | 25.67M | 29.74M | 31.37M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
SVCO Balance Sheet
Silvaco Group, Inc. Common Stock (SVCO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 25.61M | 20.37M | 20.93M | 20.89M | 107.28M | 46.08M | 38.17M |
Cash & Short-Term Investments | 9.72M | 6.7M | 5.48M | 4.42M | 82.68M | 10.03M | 10.93M |
Cash Only | 9.72M | 6.7M | 5.48M | 4.42M | 19.61M | 9.01M | 10.93M |
Short-Term Investments | 0 | 0 | 0 | 0 | 63.07M | 1.02M | 0 |
Accounts Receivable | 13.82M | 12.59M | 14.6M | 13.65M | 22.04M | 23.07M | 22.52M |
Days Sales Outstanding | 125.23 | 109.53 | 114.64 | 91.85 | 134.81 | 133.54 | 119.88 |
Inventory | 0 | 0 | 0 | 104K | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | 4.06 | - | - | - |
Other Current Assets | 1.28M | 616K | 16K | 1.97M | 1.47M | 12.98M | 4.73M |
Total Non-Current Assets | 16.31M | 15.36M | 17.79M | 20M | 35.06M | 76.57M | 73.28M |
Property, Plant & Equipment | 881K | 637K | 2.95M | 2.55M | 2.58M | 4.64M | 3.39M |
Fixed Asset Turnover | 45.72x | 65.88x | 15.74x | 21.24x | 23.17x | 13.59x | 17.08x |
Goodwill | 7.67M | 9.03M | 9.03M | 9.03M | 9.03M | 30.07M | 30.07M |
Intangible Assets | 1.73M | 1.64M | 681K | 342K | 4.37M | 26.03M | 24.91M |
Long-Term Investments | 0 | 0 | 2.88M | 0 | 4.79M | 0 | 0 |
Other Non-Current Assets | 6.03M | 4.05M | 2.25M | 8.07M | 14.31M | 15.83M | 14.91M |
Total Assets | 41.91M▲ 0% | 35.73M▼ 14.8% | 38.72M▲ 8.4% | 40.88M▲ 5.6% | 142.34M▲ 248.2% | 122.64M▼ 13.8% | 111.45M▲ 0% |
Asset Turnover | 0.96x | 1.17x | 1.20x | 1.33x | 0.42x | 0.51x | 0.54x |
Asset Growth % | - | -14.76% | 8.37% | 5.6% | 248.16% | -13.84% | -58.57% |
Total Current Liabilities | 19.51M | 16.93M | 22.85M | 24.99M | 34.49M | 38.4M | 26.96M |
Accounts Payable | 2.37M | 2.08M | 1.86M | 2.5M | 3.32M | 3.48M | 3.56M |
Days Payables Outstanding | 99.6 | 87.65 | 76.56 | 97.36 | 100.51 | 92.84 | 81.36 |
Short-Term Debt | 1.24M | 501K | 2M | 2M | 0 | 1.12M | 1.03M |
Deferred Revenue (Current) | 0 | 5.42M | 7.48M | 7.88M | 7.5M | 10.75M | 28.88M |
Other Current Liabilities | 8.45M | 3.52M | 2.54M | 2.65M | 19.38M | 20.56M | 13.55M |
Current Ratio | 1.31x | 1.20x | 0.92x | 0.84x | 3.11x | 1.20x | 1.42x |
Quick Ratio | 1.31x | 1.20x | 0.92x | 0.83x | 3.11x | 1.20x | 1.42x |
Cash Conversion Cycle | - | - | - | -1.45 | - | - | 38.52 |
Total Non-Current Liabilities | 5.16M | 4.43M | 5.84M | 6.49M | 7.77M | 9.25M | 7.78M |
Long-Term Debt | 2.25M | 0 | 4.08M | 0 | 0 | 1.96M | 965K |
Capital Lease Obligations | 0 | 0 | 1.43M | 1.2M | 946K | 0 | 4.92M |
Deferred Tax Liabilities | 0 | 0 | 285K | 212K | 0 | 0 | 0 |
Other Non-Current Liabilities | 2.91M | 891K | -4.02M | 9K | 3.23M | 7.29M | 6.81M |
Total Liabilities | 24.67M | 21.36M | 28.7M | 31.48M | 42.26M | 47.65M | 34.74M |
Total Debt | 3.49M | 501K | 8.47M | 3.93M | 1.69M | 3.08M | 2M |
Net Debt | -6.23M | -6.2M | 2.99M | -488K | -17.92M | -5.93M | -8.93M |
Debt / Equity | 0.20x | 0.03x | 0.84x | 0.42x | 0.02x | 0.04x | 0.03x |
Debt / EBITDA | 0.78x | - | - | 2.27x | - | - | -0.08x |
Net Debt / EBITDA | -1.40x | - | - | -0.28x | - | - | 0.34x |
Interest Coverage | 4.64x | -3.97x | -5.28x | 1.82x | -42.29x | -19.61x | -301.05x |
Total Equity | 17.24M▲ 0% | 14.37M▼ 16.7% | 10.02M▼ 30.3% | 9.4M▼ 6.2% | 100.08M▲ 964.5% | 74.99M▼ 25.1% | 76.71M▲ 0% |
Equity Growth % | - | -16.66% | -30.25% | -6.2% | 964.49% | -25.07% | -74.98% |
Book Value per Share | 0.40 | 0.34 | 0.35 | 0.33 | 3.90 | 2.52 | 2.45 |
Total Shareholders' Equity | 17.24M | 14.37M | 10.02M | 9.4M | 100.08M | 74.99M | 76.71M |
Common Stock | 4K | 4K | 2K | 4K | 3K | 3K | 3K |
Retained Earnings | 17.7M | 15.85M | 11.93M | 11.39M | -28.01M | -69.22M | -75.08M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -461K | -1.49M | -1.91M | -1.99M | -2.27M | -1.93M | -2.22M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SVCO Cash Flow Statement
Silvaco Group, Inc. Common Stock (SVCO) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 5.78M | -2.64M | -2.1M | 1.18M | -19.77M | -33.91M | -43.79M |
Operating CF Margin % | 14.34% | -6.28% | -4.51% | 2.18% | -33.13% | -53.76% | - |
Operating CF Growth % | - | -145.63% | 20.45% | 156.27% | -1775.76% | -71.47% | -1341.27% |
Net Income | 2.55M | -1.84M | -3.93M | -316K | -39.4M | -41.21M | -27.79M |
Depreciation & Amortization | 820K | 1.16M | 551K | 601K | 1.28M | 3.47M | 3.21M |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 26.91M | 10.81M | 8.42M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 25K | -1.79M | 773K | 591K | 10.66M | 12.63M | 6.29M |
Working Capital Changes | 2.38M | -165K | 507K | 304K | -19.23M | -19.61M | -33.92M |
Change in Receivables | -2.07M | 931K | -3.79M | -3.83M | -16.26M | -379K | -3.73M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 1.51M | -204K | -168K | 156K | 1.33M | -781K | 471K |
Cash from Investing | -1.6M | 234K | -89K | -339K | -66.53M | 33.72M | 23.32M |
Capital Expenditures | -490K | -99K | -89K | -339K | -505K | -618K | -522K |
CapEx % of Revenue | 1.22% | 0.24% | 0.19% | 0.62% | 0.85% | 0.98% | 0.78% |
Acquisitions | -1.18M | -1M | 0 | 0 | 0 | -32.88M | -9.88M |
Investments | - | - | - | - | - | - | - |
Other Investing | 68K | 1.33M | 0 | 0 | 0 | 32K | -11.47M |
Cash from Financing | 2.33M | 60K | 624K | -1.65M | 101.3M | -2.21M | 1.98M |
Debt Issued (Net) | 2.33M | 500K | 1.5M | 0 | 2.85M | -1.26M | -1.26M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 106.33M | 899K | 4.89M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | -440K | -876K | -1.65M | -7.89M | -1.85M | -1.66M |
Net Change in Cash | 6.88M▲ 0% | -3.02M▼ 143.8% | -1.23M▲ 59.4% | -1.06M▲ 13.8% | 15.19M▲ 1536.6% | -2.35M▼ 115.5% | -18.56M▲ 0% |
Free Cash Flow | 5.29M▲ 0% | -2.73M▼ 151.7% | -2.19M▲ 20.1% | 841K▲ 138.5% | -20.28M▼ 2511.3% | -34.52M▼ 70.2% | -44.31M▲ 0% |
FCF Margin % | 13.13% | -6.52% | -4.7% | 1.55% | -33.98% | -54.74% | -66.41% |
FCF Growth % | - | -151.73% | 20.07% | 138.47% | -2511.3% | -70.25% | 48.91% |
FCF per Share | 0.12 | -0.06 | -0.08 | 0.03 | -0.79 | -1.16 | -1.41 |
FCF Conversion (FCF/Net Income) | 2.27x | 1.43x | 0.53x | -3.73x | 0.50x | 0.82x | 1.59x |
Interest Paid | 21K | 9K | 71K | 194K | 0 | 0 | 0 |
Taxes Paid | 61K | 113K | 655K | 1.33M | 625K | 0 | 0 |
SVCO Key Ratios
Silvaco Group, Inc. Common Stock (SVCO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | -11.67% | -32.21% | -3.25% | -71.98% | -47.07% | -35.82% |
Return on Invested Capital (ROIC) | -27.65% | -13.26% | 7.76% | -66.33% | -13.56% | -31.29% |
Gross Margin | 79.38% | 80.88% | 82.76% | 79.82% | 78.29% | 78.94% |
Net Margin | -4.4% | -8.45% | -0.58% | -66.03% | -65.34% | -41.65% |
Debt / Equity | 0.03x | 0.84x | 0.42x | 0.02x | 0.04x | 0.03x |
Interest Coverage | -3.97x | -5.28x | 1.82x | -42.29x | -19.61x | -301.05x |
FCF Conversion | 1.43x | 0.53x | -3.73x | 0.50x | 0.82x | 1.59x |
Revenue Growth | 4.18% | 10.75% | 16.72% | 10.02% | 5.67% | 15.28% |
Related:SVCO Dividend History·SVCO Revenue History·SVCO Price History·SVCO P/E History·SVCO Financial Ratios·SVCO Institutional Holders
SVCO SEC Filings & Documents
Silvaco Group, Inc. Common Stock (SVCO) SEC filings — annual & quarterly reports (10-K, 10-Q)
SVCO Frequently Asked Questions
Silvaco Group, Inc. Common Stock (SVCO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Silvaco Group, Inc. Common Stock (SVCO) reported $66.7M in revenue for fiscal year 2025. This represents a 66% increase from $40.3M in 2020.
Silvaco Group, Inc. Common Stock (SVCO) grew revenue by 5.7% over the past year. This is steady growth.
Silvaco Group, Inc. Common Stock (SVCO) reported a net loss of $27.8M for fiscal year 2025.
Dividend & Returns
Silvaco Group, Inc. Common Stock (SVCO) has a return on equity (ROE) of -47.1%. Negative ROE indicates the company is unprofitable.
Silvaco Group, Inc. Common Stock (SVCO) had negative free cash flow of $44.3M in fiscal year 2025, likely due to heavy capital investments.