Forensic Analysis · Technology / Software · as of Jun 28, 2026
Silvaco Group, Inc. (SVCO)
A forensic read on Silvaco Group, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-2.3
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-35.8%
ROE
$391M
Market cap
Silvaco Group, Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -2.3, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-48%Return on invested capital.Return on invested capital is -48% and slipping from 5% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+24.4%/yrShare-count dilution.Diluted share count changed +49% over the last 2 years to FY2025 (+24.4%/yr). The count is GROWING — existing holders are being diluted. That's ~24.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~49%.
17% of revStock-based comp load.Stock-based compensation ran 17% of revenue in FY2025 — about $0.36 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-65.3%
Debt / Equity0.06x
Free Cash Flow$-34.5M
Latest Revenue$63.1M
Return on Equity-54.9%
Revenue Growth YoY+5.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Silvaco Group, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SVCO's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown