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Leases - Operating Lease Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets, net	$ 2,144	$ 1,963
Operating lease liabilities, current	863	735
Operating lease liabilities, non-current	$ 1,266	$ 1,198

Segment Reporting and Geographical Concentration	6 Months Ended
Segment Reporting and Geographical Concentration	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting and Geographical Concentration	Segment Reporting and Geographical Concentration The Company manages its operations through an evaluation of a consolidated business segment that solves semiconductor design challenges by offering affordable and competitive TCAD software, EDA software and design IP to support engineers and researchers across the globe. The chief operating decision maker, who is the Company’s Chief Executive Officer, reviews financial information presented on a consolidated basis for the purpose of allocating resources and evaluating financial performance. As such, the Company’s operations constitute a single operating segment and one reportable segment.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Restricted Stock Units- Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 21,800	$ 21,829
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		11,745
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		4,065
Selling and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		3,552
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		$ 2,467

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss) income	$ (37,010)	$ 483
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	475	309
Stock-based compensation expense	21,829	0
Provision for credit losses	143	43
Estimated litigation claim	14,696	0
Loss on debt extinguishment	718	0
Accretion of discount on marketable securities, net	(194)	0
Change in fair value of contingent consideration	(18)	341
Changes in operating assets and liabilities:
Accounts receivable	(3,102)	759
Contract assets	(4,081)	290
Prepaid and other current assets	(882)	(13)
Other assets	(84)	0
Accounts payable	(2)	(1,068)
Accrued expenses	(1,321)	(652)
Accrued income taxes	687	(107)
Deferred revenue	(673)	1,368
Other current liabilities	34	830
Other long-term liabilities	(9)	(417)
Net cash (used in) provided by operating activities	(8,794)	2,166
Cash flows from investing activities:
Purchases of marketable securities	(67,809)	0
Purchases of property and equipment	(56)	(202)
Net cash used in investing activities	(67,865)	(202)
Cash flows from financing activities:
Proceeds from initial public offering, net of underwriting fees	106,020	0
Proceeds from issuance of convertible note, net of debt issuance costs	4,852	0
Proceeds from loan facility	4,250	0
Repayment of loan facility	(4,250)	0
Repayment of 2022 line of credit	(2,000)	0
Deferred transaction costs	(2,126)	0
Contingent consideration	(22)	(921)
Payments of vendor financing obligation	(300)	0
Net cash provided by (used in) financing activities	106,424	(921)
Effect of exchange rate fluctuations on cash and cash equivalents	88	(173)
Net increase in cash and cash equivalents	29,853	870
Cash and cash equivalents, beginning of period	4,421	5,478
Cash and cash equivalents, end of period	$ 34,274	$ 6,348

Revenue - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
Revenue - Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 33.2	$ 33.2
Contract with customer, liability, revenue recognized	$ 1.8	$ 4.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation (in percent)	47.00%	47.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months	12 months

Commitments and Contingencies (Details) $ in Thousands			1 Months Ended		3 Months Ended		6 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Jul. 23, 2024 USD ($)	Aug. 23, 2022 USD ($)	Jan. 31, 2022 USD ($)	Feb. 29, 2012 ft²	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Estimated litigation claim					$ 14,696	$ 0	$ 14,696	$ 0
Nangate Parties Cross-Complaint
Loss Contingencies [Line Items]
Damages sought			$ 20,000
Estimated litigation claim					14,700		14,700
Nangate Parties Cross-Complaint \| Minimum
Loss Contingencies [Line Items]
Estimated litigation interest					3,400		3,400
Nangate Parties Cross-Complaint \| Maximum
Loss Contingencies [Line Items]
Estimated litigation interest					$ 3,800		$ 3,800
Nangate Parties Cross-Complaint \| Subsequent Event
Loss Contingencies [Line Items]
Damages awarded	$ 11,300
Nangate Parties Cross-Complaint \| Subsequent Event \| Fraud Damages, Excluding Punitive Damages
Loss Contingencies [Line Items]
Damages awarded	$ 6,600
Aldini Second Amended Complaint
Loss Contingencies [Line Items]
Damages sought		$ 703,000
Loan \| Related Party
Loss Contingencies [Line Items]
Debt instrument, collateral, building, number of square feet \| ft²				9,000
Software Licenses
Loss Contingencies [Line Items]
Standard product warranty, term							90 days
Other Tools
Loss Contingencies [Line Items]
Standard product warranty, term							1 year

Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Assets And Liabilities, Lessee

As of June 30, 2024 and December 31, 2023, the Company’s operating lease right-of-use assets and operating lease liabilities were as follows:


	June 30,		December 31,
	2024		2023
	(in thousands)
Operating lease right-of-use assets, net	$	2,144	$	1,963
Operating lease liabilities, current	863		735
Operating lease liabilities, non-current	$	1,266	$	1,198

Lease, Cost

The components of operating lease cost during the periods presented were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)				(in thousands)
Operating lease cost	$	247	$	243	$	477	$	499
Variable lease cost(1)	32		48		92		72
Total operating lease cost	$	279	$	291	$	569	$	571

(1)Variable lease cost includes common area maintenance, utilities, security, insurance and property taxes.

Additional information related to the Company’s operating leases for the three and six months ended June 30, 2024 and 2023 was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)				(in thousands)
Cash paid for operating lease liabilities	$	241	$	244	$	463	$	500
Right-of-use assets obtained in exchange for lease obligations	$	166	$	—	$	733	$	—


	Six Months Ended June 30,
	2024		2023
Weighted average remaining lease term (in years)	3.58		4.38
Weighted average discount rate	3.09	%	4.14	%

Lessee, Operating Lease, Liability, to be Paid, Maturity

As of June 30, 2024 maturities of operating lease liabilities were as follows:


Year Ending December 31,	Amount
	(in thousands)
Remainder of 2024	$	448
2025	753
2026	412
2027	234
2028	195
Thereafter	195
Total lease payments	$	2,237
Less: imputed interest	(108)
Total operating lease liabilities	$	2,129
Current portion of lease liability	$	863
Non-current portion of lease liability	$	1,266

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

As of June 30, 2024 intangible assets were classified as follows:


		June 30, 2024
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	800	$	(587)	$	213
Customer relationships	5	90		(82)		8
Non-compete agreements	5	20		(15)		5
Licensed IP	5	4,979		(249)		4,730
Total intangible assets		$	5,889	$	(933)	$	4,956


		December 31, 2023
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	2,660	$	(2,367)	$	293
Customer relationships	5	2,416		(2,374)		42
Non-compete agreements	5	179		(172)		7
Total intangible assets		$	5,255	$	(4,913)	$	342

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2024, estimated future amortization expense for the intangible assets reflected above was as follows:


Year Ending December 31,
	Amount
	(in thousands)
Remainder of 2024	$	587
2025	1,132
2026	996
2027	996
2028	996
Thereafter	249
Total net carrying value of intangible assets	$	4,956

Goodwill and Intangible Assets - Narrative (Details) - USD ($)			3 Months Ended		6 Months Ended
	Apr. 11, 2024	Jan. 01, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, period increase (decrease)			$ 0	$ 0	$ 0	$ 0
Finite-Lived Intangible Assets [Line Items]
Net book value			4,956,000		4,956,000		$ 342,000
Amortization expense for intangible assets			300,000	$ 100,000	400,000	$ 200,000
Cost of revenue
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets			200,000		200,000
Licensed IP
Finite-Lived Intangible Assets [Line Items]
License agreement, cash consideration	$ 6,000,000
License agreement, term extension (in years)	5 years
Net book value			$ 4,730,000		$ 4,730,000
Useful life (in years)			5 years		5 years
Depreciated Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Net book value		$ 0
Amortized intangible assets		$ 4,300,000

Debt and Financing Obligations - Vendor Financing Obligation (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Maturities of Long-Term Debt [Abstract]
Remainder of 2024	$ 600
2025	1,500
2026	1,200
2027	1,200
2028	1,200
Total undiscounted cash flows	5,700
Less: Imputed interest	913
Present value of vendor financing obligation	4,787
Vendor financing obligation, current	2,049	$ 0
Vendor financing obligation, non-current	$ 2,738	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) $ in Thousands	Jun. 30, 2024 USD ($)
Statement of Stockholders' Equity [Abstract]
Deferred transaction costs	$ 3,298

Summary of Significant Accounting and Reporting Policies - Narrative (Details) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 29, 2024	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Accounting Policies [Line Items]
General and administrative		$ 18,314	$ 4,258	$ 22,914	$ 8,811
Accrued expenses and other current liabilities		23,748		23,748		$ 10,255
Stockholders' equity note, stock split, conversion ratio	0.5
Cash and cash equivalents		34,274		34,274		4,421
Provision for credit losses, loss (recovery)		(100)	22	143	43
Allowance for expected credit losses		700		700		$ 500
Foreign currency translation adjustments		(200)	(100)	(400)	(46)
Foreign exchange gain (loss)		(100)	(200)	$ (200)	(400)
Cash \| Financial Institution Risk \| One Financial Institution
Accounting Policies [Line Items]
Concentration risk, percentage (in percent)				26.00%
Cash and cash equivalents		$ 8,800		$ 8,800
Customer One \| Accounts Receivable \| Customer Concentration Risk
Accounting Policies [Line Items]
Concentration risk, percentage (in percent)				25.00%		20.00%
Customer One \| Revenue Benchmark \| Customer Concentration Risk
Accounting Policies [Line Items]
Concentration risk, percentage (in percent)		37.00%		19.00%
Customer Two \| Accounts Receivable \| Customer Concentration Risk
Accounting Policies [Line Items]
Concentration risk, percentage (in percent)				13.00%		15.00%
Customer Three \| Accounts Receivable \| Customer Concentration Risk
Accounting Policies [Line Items]
Concentration risk, percentage (in percent)				10.00%
Revision of Prior Period, Adjustment
Accounting Policies [Line Items]
General and administrative			200		400
Accrued expenses and other current liabilities			$ 400		$ 400

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 214	$ (112)	$ 1,019	$ 276
Effective income tax rate reconciliation (in percent)	(1.00%)	25.00%	(3.00%)	36.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Goodwill and Intangible Assets - Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 587
2025	1,132
2026	996
2027	996
2028	996
Thereafter	249
Total net carrying value of intangible assets	$ 4,956	$ 342

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-42043
Entity Registrant Name	Silvaco Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1503712
Entity Address, Address Line One	4701 Patrick Henry Drive
Entity Address, Address Line Two	Building #23
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	408
Local Phone Number	567-1000
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	SVCO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,294,217
Document Fiscal Year Focus	2024
Entity Central Index Key	0001943289
Amendment Flag	false
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gross profit
Total revenue	$ 14,960	$ 12,525	$ 30,849	$ 26,816
Cost of revenue	4,861	2,373	6,834	4,398
Gross profit	10,099	10,152	24,015	22,418
Operating expenses:
Research and development	7,707	3,169	11,323	6,544
Selling and marketing	7,171	2,930	10,483	5,735
General and administrative	18,314	4,258	22,914	8,811
Estimated litigation claim	14,696	0	14,696	0
Total operating expenses	47,888	10,357	59,416	21,090
Operating (loss) income	(37,789)	(205)	(35,401)	1,328
Loss on debt extinguishment	(718)	0	(718)	0
Interest income	682	2	682	3
Interest and other expense, net	(349)	(240)	(554)	(572)
(Loss) income before income tax provision	(38,174)	(443)	(35,991)	759
Income tax provision (benefit)	214	(112)	1,019	276
Net (loss) income	$ (38,388)	$ (331)	$ (37,010)	$ 483
(Loss) earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ (1.55)	$ (0.02)	$ (1.65)	$ 0.02
Diluted (in dollars per share)	$ (1.55)	$ (0.02)	$ (1.65)	$ 0.02
Weighted average shares used in computing per share amounts:
Basic (in shares)	24,811,112	20,000,000	22,405,557	20,000,000
Diluted (in shares)	24,811,112	20,000,000	22,405,557	20,000,000
Software license revenue
Gross profit
Total revenue	$ 11,023	$ 8,845	$ 23,281	$ 19,510
Maintenance and service
Gross profit
Total revenue	$ 3,937	$ 3,680	$ 7,568	$ 7,306

Summary of Significant Accounting and Reporting Policies

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting and Reporting Policies

Basis of presentation and consolidation

The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and include the accounts of Silvaco and all of the Company's wholly owned subsidiaries with operations in North America, Europe, Asia and South America. All intercompany transactions and balances have been eliminated upon consolidation.

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted from these condensed consolidated financial statements, as permitted by Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, these condensed consolidated financial statements should be read in conjunction with its audited consolidated financial statements for the year ended December 31, 2023 and the related notes thereto included in the Company’s final prospectus relating to the initial public offering, dated May 8, 2024, relating to the registration statement on Form S-1 (File No. 333-278666), as amended, filed with the SEC on May 10, 2024, pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended (“Securities Act”). The December 31, 2023 condensed consolidated balance sheet was derived from the audited consolidated financial statements as of that date. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the condensed consolidated financial statements.

The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the Company’s operating results to be expected for the full fiscal year or any other future interim or annual period.

Revision of prior financial statements

For the three and six months ended June 30, 2023, general and administrative expenses were understated by $0.2 million and $0.4 million, respectively, in the Company’s condensed consolidated statement of income (loss) and accrued expenses were understated by $0.4 million in the Company’s condensed consolidated balance sheet due to certain accruals for professional services rendered not being recorded. The Company has determined that such errors are immaterial for the three and six months ended June 30, 2023 and has increased accrued expenses and other current liabilities and general and administrative expenses to correct these immaterial errors.

Emerging growth company status

The Company is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies.

The Company will remain an emerging growth company until the earliest of (i) the last day of the first fiscal year (a) following the fifth anniversary of the consummation of the Company’s initial public offering (“IPO”), (b) in which the Company’s total annual gross revenue is at least $1.2 billion, or (c) when the Company is deemed to be a large accelerated filer, which means the market value of our common stock that is held by non-affiliates exceeds $700.0 million as of the prior June 30th and (ii) the date on which the Company has issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the amounts of revenue and expenses during the reported periods. The Company’s most significant estimates relate to revenue recognition. Other estimates include, but are not limited to, accounts receivable allowances, stock-based compensation expense, valuation of goodwill and other intangible assets, contingent consideration, derivative valuations, uncertain tax positions and income taxes. Actual results could differ from those estimates.

Stock split

On April 29, 2024, the Company effected a 1-for-2 reverse split of its common stock. Upon the effectiveness of the reverse stock split, (i) every two shares of outstanding common stock was combined into a single share of common stock, (ii) the number of shares of common stock to be granted upon the vesting of each outstanding restricted stock unit (“RSU”) was proportionally decreased on a 2-for-1 basis, and (iii) the fair value of each outstanding RSU was proportionately increased on a 1-for-2 basis. All of the outstanding common stock share numbers, RSUs, RSU fair values and per share amounts have been adjusted, on a retroactive basis, to reflect this 1-for-2 reverse stock split for all periods presented. The par value per share and authorized number of shares of common stock were not adjusted as a result of the reverse stock split.

Concentrations of credit risk

As of June 30, 2024, three customers represented 25%, 13% and 10% of the Company’s accounts receivable. As of December 31, 2023, two customers represented 20% and 15% of the Company’s accounts receivable.

During the three and six months ended June 30, 2024, one customer represented 37% and 19% of the Company’s total revenue, respectively. During the three and six months ended June 30, 2023, none of the Company’s customers represented more than 10% of the Company’s total revenue.

In addition to the concentration of credit risk with respect to trade receivables, the Company's cash on deposit with financial institutions is also exposed to concentration risk. The Company's cash on deposit with financial institutions are insured through various public and private bank deposit insurance programs, foreign and domestic; however, a significant portion of cash balances held as of June 30, 2024 and December 31, 2023 exceeded insured limits.

As of June 30, 2024, $8.8 million, or 26%, of the Company’s cash and cash equivalents was maintained with one financial institution, where the Company’s current deposits are in excess of federally insured limits. Past macroeconomic conditions have resulted in the actual or perceived financial distress of many financial institutions, including the failures of Silicon Valley Bank, Signature Bank and First Republic Bank and the UBS takeover of Credit Suisse. If the financial institutions with whom the Company does business were to be placed into receivership, the Company may be unable to access the cash it has on deposit with such institutions. If the Company is unable to access its cash as needed, the Company’s financial position and ability to operate its business could be adversely affected.

Marketable securities

The Company’s investments in marketable securities have been classified and accounted for as available-for-sale and are recorded at estimated fair value. The Company’s available-for-sale marketable securities are comprised of money market funds, U.S. treasury securities and U.S. government securities. The Company classifies its investments with original maturities of three months or less when acquired as cash equivalents. The Company classifies its marketable securities with original maturities of longer than three months but within twelve months as of the reporting date as short-term marketable securities. Marketable securities with maturities of twelve months or longer as of the reporting date are classified as long-term marketable securities. Purchase discounts are accreted using the effective interest method over the life of the related security and such accretion is included in interest income in the condensed consolidated statement of income (loss).

For available-for-sale debt securities in an unrealized loss position, the Company evaluates whether it intends to sell the security before the recovery of its amortized cost basis. If both of these criteria are met, the security’s amortized cost basis is written down to fair value and a loss is recorded in interest expense and other, net on the condensed consolidated statements of income (loss), not to exceed the amount of the unrealized loss. The Company did not recognize any other-than-temporary impairment on its marketable securities during the six months ended June 30, 2024. Unrealized gains and losses (excluding other-than-temporary impairment and credit loss) on available-for-sale marketable securities are reported in other comprehensive loss on the condensed consolidated statements of comprehensive loss. Credit-related unrealized losses are recognized as an allowance on the consolidated balance sheets with a corresponding charge to interest expense and other, net on the condensed consolidated statements of income (loss). The cost of securities sold is based on the specific identification method and realized gains and losses are reported in interest income and interest expense and other, net on the consolidated statements of income (loss), respectively. The Company’s unrealized gains and losses on available-for-sale marketable securities were not material for the three and six months ended June 30, 2024.

Allowance for credit losses

The Company assesses its ability to collect outstanding receivables and contract assets and provides customer-specific allowances, allowances for credit losses for the portion of receivables and contract assets that are estimated to be uncollectible. Allowances for credit losses are based on historical collection experience and expected credit losses, customer specific financial condition, current economic trends in the customer's industry and geographic region, changes in customer demand and the overall economic climate in the market the Company serves. Provisions for the allowance for expected credit losses attributable to bad debt are recorded as general and administrative expenses. Account balances deemed uncollectible are written off, net of actual recoveries. If circumstances related to specific customers or the market the Company serves change, the Company’s estimate of the recoverability of its accounts receivable and contract assets could be further adjusted. The Company does not have any material account receivable or contract asset balances that are past due and has not written off any significant balances in its portfolio against the allowance for credit losses for the periods presented. The Company’s provision for credit losses was a recovery of $0.1 million and a loss of $0.1 million for the three and six months ended June 30, 2024, respectively, and losses of $22,000 and $43,000 for the three and six months ended June 30, 2023, respectively. The Company’s allowance for expected credit losses on accounts receivable and contract assets, in the aggregate, was $0.7 million and $0.5 million as of June 30, 2024 and December 31, 2023, respectively.

Foreign currencies

The financial statements of Silvaco's international subsidiaries with local functional currencies are translated to U.S. dollars upon consolidation. Assets and liabilities are translated at the effective exchange rate on the balance sheet date. Results of operations are translated at average exchange rates, which approximate rates in effect when the underlying transactions occur. The Company recorded foreign currency translation adjustments of $0.2 million and $0.4 million for the three and six months ended June 30, 2024, respectively, and, $0.1 million and $46,000 for the three and six months ended June 30, 2023, respectively, within accumulated other comprehensive loss.

Certain sales and intercompany transactions are denominated in foreign currencies. These transactions are recorded in functional currency at the appropriate exchange rate on the transaction date. Monetary assets and liabilities denominated in a currency other than the Company's functional currency or its subsidiaries' functional currencies are remeasured at the effective exchange rate on the balance sheet date. Gains and losses resulting from foreign exchange transactions are included in interest and other expense, net. The Company recorded net foreign exchange transaction losses of $0.1 million and $0.2 million for the three and six months ended June 30, 2024, respectively, and foreign exchange transaction losses of $0.2 million and $0.4 million for the three and six months ended June 30, 2023, respectively.

Accumulated other comprehensive loss

Accumulated other comprehensive loss is composed of foreign currency translation adjustments and unrealized gains and losses on marketable securities. Unrealized gains and losses on marketable securities were immaterial for the three and six months ended June 30, 2024.

Earnings per share

Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding, including RSUs vested but not yet issued. Diluted EPS is computed based on the weighted average number of common shares outstanding increased by dilutive common stock equivalents attributable to RSU grants.

The following outstanding securities were excluded from the computation of diluted earnings per share because (i) the effect would be anti-dilutive for the three and six months ended June 30, 2024, and (ii) the securities were contingent upon conditions for issuance which were not satisfied as of June 30, 2023. See Note 8, Restricted Stock Units for additional information.


	June 30,
	2024	2023
RSU Grants	1,605,949	3,049,328

Recently adopted accounting pronouncements

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. This ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The Company adopted this standard on January 1, 2024 and the adoption did not impact the condensed consolidated financial statements.

Accounting guidance issued and not yet adopted

In November 2023, the FASB issued Accounting Standards Update ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of incremental segment information on an interim and annual basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal periods beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on the condensed consolidated financial statements and related disclosures.

In December 2023, the FASB issued ASU No. 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on the condensed consolidated financial statements and related disclosures.

Summary of Significant Accounting and Reporting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	June 30,
	2024	2023
RSU Grants	1,605,949	3,049,328

Description of Business (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Subsidiary, Sale of Stock [Line Items]
Gross proceeds from initial public offering		$ 106,020	$ 0
IPO
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	6,000,000
Sale of stock, price per share (in dollars per share)	$ 19.00
Sale of stock, consideration received on transaction, including underwriting discounts and commissions	$ 114,000
Gross proceeds from initial public offering	106,000
Payments of underwriting discounts and commissions	$ 8,000

Restricted Stock Units - RSU Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Weighted Average Fair Value
Beginning balance (in dollars per share)	$ 7.20
Granted (in dollars per share)	15.69
Vested (in dollars per share)	7.16
Forfeited / canceled (in dollars per share)	8.64
Ending balance (in dollars per share)	$ 12.13	$ 7.20
Weighted Average Remaining Contract Term
Outstanding, beginning and ending balance (in years)	9 years 1 month 2 days	6 years 6 months 21 days
Granted (in years)	9 years 7 months 13 days
Vested (in years)	5 years 6 months 14 days
Forfeited / canceled (in years)	6 years 8 months 26 days
Number of Awards
Beginning balance (in shares)	3,398,276
Granted (in shares)	980,059
Vested (in shares)	(2,679,397)
Forfeited / canceled (in shares)	(92,989)
Ending balance (in shares)	1,605,949	3,398,276

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 247	$ 243	$ 477	$ 499
Variable lease cost	32	48	92	72
Total operating lease cost	$ 279	$ 291	$ 569	$ 571

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 5,889	$ 5,255
Accumulated Amortization	(933)	(4,913)
Total net carrying value of intangible assets	$ 4,956	$ 342
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years	5 years
Gross Carrying Value	$ 800	$ 2,660
Accumulated Amortization	(587)	(2,367)
Total net carrying value of intangible assets	$ 213	$ 293
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years	5 years
Gross Carrying Value	$ 90	$ 2,416
Accumulated Amortization	(82)	(2,374)
Total net carrying value of intangible assets	$ 8	$ 42
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years	5 years
Gross Carrying Value	$ 20	$ 179
Accumulated Amortization	(15)	(172)
Total net carrying value of intangible assets	$ 5	$ 7
Licensed IP
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years
Gross Carrying Value	$ 4,979
Accumulated Amortization	(249)
Total net carrying value of intangible assets	$ 4,730

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Fair Value of Financial Instruments - Liabilities Measured On A Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets
cash equivalents	$ 22,634
Available-for-sale marketable securities	68,003
Total	90,637
Liabilities
Contingent consideration	72	$ 112
Total	72	112
U.S. treasury securities
Financial assets
Available-for-sale marketable securities	45,771
U.S. government agencies securities
Financial assets
Available-for-sale marketable securities	22,232
Money market funds
Financial assets
cash equivalents	17,905
U.S. treasury securities
Financial assets
cash equivalents	4,729
Level 1
Financial assets
cash equivalents	17,905
Available-for-sale marketable securities	0
Total	17,905
Liabilities
Contingent consideration	0	0
Total	0	0
Level 1 \| U.S. treasury securities
Financial assets
Available-for-sale marketable securities	0
Level 1 \| U.S. government agencies securities
Financial assets
Available-for-sale marketable securities	0
Level 1 \| Money market funds
Financial assets
cash equivalents	17,905
Level 1 \| U.S. treasury securities
Financial assets
cash equivalents	0
Level 2
Financial assets
cash equivalents	4,729
Available-for-sale marketable securities	68,003
Total	72,732
Liabilities
Contingent consideration	0	0
Total	0	0
Level 2 \| U.S. treasury securities
Financial assets
Available-for-sale marketable securities	45,771
Level 2 \| U.S. government agencies securities
Financial assets
Available-for-sale marketable securities	22,232
Level 2 \| Money market funds
Financial assets
cash equivalents	0
Level 2 \| U.S. treasury securities
Financial assets
cash equivalents	4,729
Level 3
Financial assets
cash equivalents	0
Available-for-sale marketable securities	0
Total	0
Liabilities
Contingent consideration	72	112
Total	72	$ 112
Level 3 \| U.S. treasury securities
Financial assets
Available-for-sale marketable securities	0
Level 3 \| U.S. government agencies securities
Financial assets
Available-for-sale marketable securities	0
Level 3 \| Money market funds
Financial assets
cash equivalents	0
Level 3 \| U.S. treasury securities
Financial assets
cash equivalents	$ 0

Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

There were no changes in goodwill during the three and six months ended June 30, 2024 and 2023.

As of June 30, 2024 intangible assets were classified as follows:


		June 30, 2024
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	800	$	(587)	$	213
Customer relationships	5	90		(82)		8
Non-compete agreements	5	20		(15)		5
Licensed IP	5	4,979		(249)		4,730
Total intangible assets		$	5,889	$	(933)	$	4,956


		December 31, 2023
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	2,660	$	(2,367)	$	293
Customer relationships	5	2,416		(2,374)		42
Non-compete agreements	5	179		(172)		7
Total intangible assets		$	5,255	$	(4,913)	$	342

On April 11, 2024, the Company amended and reinstated its license agreement to offer semiconductor intellectual property (“SIP”) developed in partnership with NXP (the “NXP IP”) for total cash consideration of $6.0 million, to be paid over 5 years. The NXP IP has a net book value of $4.7 million as of June 30, 2024 and a useful life of 5 years, which is the length of the license agreement. The Company recorded a corresponding vendor financing obligation related to the license agreement with NXP. See Note 7, Debt and Financing Obligations, for further discussion.

Amortization expense for intangible assets was $0.3 million and $0.4 million during the three and six months ended June 30, 2024, respectively, of which $0.2 million was recognized in cost of revenue for each of the three and six months ended June 30, 2024, with the remainder recognized in research and development expense in the Company’s condensed consolidated statement of income (loss). Amortization expense for intangible assets was $0.1 million and $0.2 million during the three and six months ended June 30, 2023, respectively, all of which was recognized in research and development expense on the Company’s condensed consolidated statement of income (loss).

As of January 1, 2024, the Company removed the carrying value of $4.3 million of fully amortized intangible assets which at time of removal had nil net book value.

As of June 30, 2024, estimated future amortization expense for the intangible assets reflected above was as follows:


Year Ending December 31,
	Amount
	(in thousands)
Remainder of 2024	$	587
2025	1,132
2026	996
2027	996
2028	996
Thereafter	249
Total net carrying value of intangible assets	$	4,956

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit) Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings (Accumulated Deficit) Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2022				20,000,000	20,000,000
Beginning balance at Dec. 31, 2022	$ 10,023	$ (220)	$ 9,803	$ 2	$ 2	$ 0	$ 0	$ 11,928	$ (220)	$ 11,708	$ (1,907)	$ (1,907)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(46)										(46)
Net (loss) income	483							483
Ending balance (in shares) at Jun. 30, 2023				20,000,000
Ending balance at Jun. 30, 2023	10,240			$ 2		0		12,191			(1,953)
Beginning balance (in shares) at Mar. 31, 2023				20,000,000
Beginning balance at Mar. 31, 2023	10,705			$ 2		0		12,522			(1,819)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(134)										(134)
Net (loss) income	(331)							(331)
Ending balance (in shares) at Jun. 30, 2023				20,000,000
Ending balance at Jun. 30, 2023	$ 10,240			$ 2		0		12,191			(1,953)
Beginning balance (in shares) at Dec. 31, 2023	20,000,000			20,000,000
Beginning balance at Dec. 31, 2023	$ 9,402			$ 2		0		11,392			(1,992)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 (in shares)				6,000,000
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298	102,722			$ 1		102,721
Conversion of Micron Note into common stock (in shares)				294,217
Conversion of Micron Note into common stock	5,589					5,589
Stock-based compensation expense	21,527					21,527
Other comprehensive income (loss)	(384)										(384)
Net (loss) income	$ (37,010)							(37,010)
Ending balance (in shares) at Jun. 30, 2024	26,294,217			26,294,217
Ending balance at Jun. 30, 2024	$ 101,846			$ 3		129,837		(25,618)			(2,376)
Beginning balance (in shares) at Mar. 31, 2024				20,000,000
Beginning balance at Mar. 31, 2024	10,595			$ 2		0		12,770			(2,177)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 (in shares)				6,000,000
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298	102,722			$ 1		102,721
Conversion of Micron Note into common stock (in shares)				294,217
Conversion of Micron Note into common stock	5,589					5,589
Stock-based compensation expense	21,527					21,527
Other comprehensive income (loss)	(199)										(199)
Net (loss) income	$ (38,388)							(38,388)
Ending balance (in shares) at Jun. 30, 2024	26,294,217			26,294,217
Ending balance at Jun. 30, 2024	$ 101,846			$ 3		$ 129,837		$ (25,618)			$ (2,376)

Leases - Additional Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Cash paid for operating lease liabilities	$ 241	$ 244	$ 463	$ 500
Right-of-use assets obtained in exchange for lease obligations	$ 166	$ 0	$ 733	$ 0
Weighted average remaining lease term (in years)	3 years 6 months 29 days	4 years 4 months 17 days	3 years 6 months 29 days	4 years 4 months 17 days
Weighted average discount rate	3.09%	4.14%	3.09%	4.14%

Debt and Financing Obligations (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity

The Company’s vendor financing obligation is comprised of the following payments as of June 30, 2024:


For the year ending December 31,	Amount
	(in thousands)
Remainder of 2024	$	600
2025	1,500
2026	1,200
2027	1,200
2028	1,200
Total undiscounted cash flows	$	5,700
Less: Imputed interest	913
Present value of vendor financing obligation	$	4,787
Vendor financing obligation, current	2,049
Vendor financing obligation, non-current	$	2,738

Summary of Significant Accounting and Reporting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation and consolidation	Basis of presentation and consolidation The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and include the accounts of Silvaco and all of the Company's wholly owned subsidiaries with operations in North America, Europe, Asia and South America. All intercompany transactions and balances have been eliminated upon consolidation. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted from these condensed consolidated financial statements, as permitted by Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, these condensed consolidated financial statements should be read in conjunction with its audited consolidated financial statements for the year ended December 31, 2023 and the related notes thereto included in the Company’s final prospectus relating to the initial public offering, dated May 8, 2024, relating to the registration statement on Form S-1 (File No. 333-278666), as amended, filed with the SEC on May 10, 2024, pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended (“Securities Act”). The December 31, 2023 condensed consolidated balance sheet was derived from the audited consolidated financial statements as of that date. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the condensed consolidated financial statements. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the Company’s operating results to be expected for the full fiscal year or any other future interim or annual period.
Revision of prior financial statements	Revision of prior financial statements For the three and six months ended June 30, 2023, general and administrative expenses were understated by $0.2 million and $0.4 million, respectively, in the Company’s condensed consolidated statement of income (loss) and accrued expenses were understated by $0.4 million in the Company’s condensed consolidated balance sheet due to certain accruals for professional services rendered not being recorded. The Company has determined that such errors are immaterial for the three and six months ended June 30, 2023 and has increased accrued expenses and other current liabilities and general and administrative expenses to correct these immaterial errors.
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the amounts of revenue and expenses during the reported periods. The Company’s most significant estimates relate to revenue recognition. Other estimates include, but are not limited to, accounts receivable allowances, stock-based compensation expense, valuation of goodwill and other intangible assets, contingent consideration, derivative valuations, uncertain tax positions and income taxes. Actual results could differ from those estimates.
Stock split	Stock split On April 29, 2024, the Company effected a 1-for-2 reverse split of its common stock. Upon the effectiveness of the reverse stock split, (i) every two shares of outstanding common stock was combined into a single share of common stock, (ii) the number of shares of common stock to be granted upon the vesting of each outstanding restricted stock unit (“RSU”) was proportionally decreased on a 2-for-1 basis, and (iii) the fair value of each outstanding RSU was proportionately increased on a 1-for-2 basis. All of the outstanding common stock share numbers, RSUs, RSU fair values and per share amounts have been adjusted, on a retroactive basis, to reflect this 1-for-2 reverse stock split for all periods presented. The par value per share and authorized number of shares of common stock were not adjusted as a result of the reverse stock split.
Concentrations of credit risk	Concentrations of credit risk As of June 30, 2024, three customers represented 25%, 13% and 10% of the Company’s accounts receivable. As of December 31, 2023, two customers represented 20% and 15% of the Company’s accounts receivable. During the three and six months ended June 30, 2024, one customer represented 37% and 19% of the Company’s total revenue, respectively. During the three and six months ended June 30, 2023, none of the Company’s customers represented more than 10% of the Company’s total revenue. In addition to the concentration of credit risk with respect to trade receivables, the Company's cash on deposit with financial institutions is also exposed to concentration risk. The Company's cash on deposit with financial institutions are insured through various public and private bank deposit insurance programs, foreign and domestic; however, a significant portion of cash balances held as of June 30, 2024 and December 31, 2023 exceeded insured limits. As of June 30, 2024, $8.8 million, or 26%, of the Company’s cash and cash equivalents was maintained with one financial institution, where the Company’s current deposits are in excess of federally insured limits. Past macroeconomic conditions have resulted in the actual or perceived financial distress of many financial institutions, including the failures of Silicon Valley Bank, Signature Bank and First Republic Bank and the UBS takeover of Credit Suisse. If the financial institutions with whom the Company does business were to be placed into receivership, the Company may be unable to access the cash it has on deposit with such institutions. If the Company is unable to access its cash as needed, the Company’s financial position and ability to operate its business could be adversely affected.
Marketable securities	Marketable securities The Company’s investments in marketable securities have been classified and accounted for as available-for-sale and are recorded at estimated fair value. The Company’s available-for-sale marketable securities are comprised of money market funds, U.S. treasury securities and U.S. government securities. The Company classifies its investments with original maturities of three months or less when acquired as cash equivalents. The Company classifies its marketable securities with original maturities of longer than three months but within twelve months as of the reporting date as short-term marketable securities. Marketable securities with maturities of twelve months or longer as of the reporting date are classified as long-term marketable securities. Purchase discounts are accreted using the effective interest method over the life of the related security and such accretion is included in interest income in the condensed consolidated statement of income (loss). For available-for-sale debt securities in an unrealized loss position, the Company evaluates whether it intends to sell the security before the recovery of its amortized cost basis. If both of these criteria are met, the security’s amortized cost basis is written down to fair value and a loss is recorded in interest expense and other, net on the condensed consolidated statements of income (loss), not to exceed the amount of the unrealized loss. The Company did not recognize any other-than-temporary impairment on its marketable securities during the six months ended June 30, 2024. Unrealized gains and losses (excluding other-than-temporary impairment and credit loss) on available-for-sale marketable securities are reported in other comprehensive loss on the condensed consolidated statements of comprehensive loss. Credit-related unrealized losses are recognized as an allowance on the consolidated balance sheets with a corresponding charge to interest expense and other, net on the condensed consolidated statements of income (loss). The cost of securities sold is based on the specific identification method and realized gains and losses are reported in interest income and interest expense and other, net on the consolidated statements of income (loss), respectively.
Allowance for credit losses	Allowance for credit losses The Company assesses its ability to collect outstanding receivables and contract assets and provides customer-specific allowances, allowances for credit losses for the portion of receivables and contract assets that are estimated to be uncollectible. Allowances for credit losses are based on historical collection experience and expected credit losses, customer specific financial condition, current economic trends in the customer's industry and geographic region, changes in customer demand and the overall economic climate in the market the Company serves. Provisions for the allowance for expected credit losses attributable to bad debt are recorded as general and administrative expenses. Account balances deemed uncollectible are written off, net of actual recoveries. If circumstances related to specific customers or the market the Company serves change, the Company’s estimate of the recoverability of its accounts receivable and contract assets could be further adjusted. The Company does not have any material account receivable or contract asset balances that are past due and has not written off any significant balances in its portfolio against the allowance for credit losses for the periods presented.
Foreign currencies	Foreign currencies The financial statements of Silvaco's international subsidiaries with local functional currencies are translated to U.S. dollars upon consolidation. Assets and liabilities are translated at the effective exchange rate on the balance sheet date. Results of operations are translated at average exchange rates, which approximate rates in effect when the underlying transactions occur. The Company recorded foreign currency translation adjustments of $0.2 million and $0.4 million for the three and six months ended June 30, 2024, respectively, and, $0.1 million and $46,000 for the three and six months ended June 30, 2023, respectively, within accumulated other comprehensive loss. Certain sales and intercompany transactions are denominated in foreign currencies. These transactions are recorded in functional currency at the appropriate exchange rate on the transaction date. Monetary assets and liabilities denominated in a currency other than the Company's functional currency or its subsidiaries' functional currencies are remeasured at the effective exchange rate on the balance sheet date. Gains and losses resulting from foreign exchange transactions are included in interest and other expense, net.
Accumulated other comprehensive loss	Accumulated other comprehensive loss Accumulated other comprehensive loss is composed of foreign currency translation adjustments and unrealized gains and losses on marketable securities.
Earnings per share	Earnings per share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding, including RSUs vested but not yet issued. Diluted EPS is computed based on the weighted average number of common shares outstanding increased by dilutive common stock equivalents attributable to RSU grants.
Recently adopted accounting pronouncements and Accounting guidance issued and not yet adopted	Recently adopted accounting pronouncements In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. This ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The Company adopted this standard on January 1, 2024 and the adoption did not impact the condensed consolidated financial statements. Accounting guidance issued and not yet adopted In November 2023, the FASB issued Accounting Standards Update ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of incremental segment information on an interim and annual basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal periods beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on the condensed consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on the condensed consolidated financial statements and related disclosures.
Revenue And Customer contracts	The Company's revenue is derived principally from contracts which promise to deliver combinations of software licensing and related maintenance and services, which are accounted for as separate performance obligations with differing revenue recognition patterns. The transaction price is allocated to each distinct performance obligation based on the relative standalone selling price. Software license revenue consists of the Company’s software sold under a software license. Revenue related to stand-alone software applications are generally recognized upon shipment and delivery of license keys. For certain arrangements revenue is recognized based on usage or ratably over the term of the arrangement. Maintenance and service revenue consists of both maintenance revenues and professional services revenues which is recognized based on usage or ratably over the term of the arrangement. The timing of revenue recognition may differ from the timing of invoicing to customers. The Company records a contract asset when revenue is recognized prior to invoicing, an accounts receivable upon invoicing or deferred revenue when invoicing precedes revenue recognition. Customer contracts The Company accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights and payment terms can be identified, the contract has commercial substance, and it is probable the Company will collect substantially all of the consideration it is entitled to. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised software or providing service to a customer. For multi-year software licenses, the Company generally invoices customers annually at the beginning of each annual coverage period.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Warranties The Company typically provides its customers a warranty on its software licenses for a period of no more than 90 days and on its other tools for a period of no more than one year. Such warranties are accounted for in accordance with the authoritative guidance issued by the FASB on contingencies. For the three and six months ended June 30, 2024 and 2023, the Company has not incurred any costs related to warranty obligations. Indemnification Under the terms of substantially all of its license agreements, the Company has agreed to indemnify its customers for costs and damages arising from claims against such customers based on, among other things, allegations that the Company’s software infringes the intellectual property rights of a third party. In most cases, in the event of an infringement claim, the Company retains the right to (i) procure for the customer the right to continue using the software; (ii) replace or modify the software to eliminate the infringement while providing substantially equivalent functionality; or (iii) if neither (i) nor (ii) can be reasonably achieved, the Company may terminate the license agreement and refund to the customer a pro-rata portion of the license fee paid to the Company. Such indemnification provisions are accounted for in accordance with the authoritative guidance issued by the FASB on guarantees. From time to time, in the ordinary course of business, the Company receives claims for indemnification. Guarantees In February of 2012, Gu-Guide LP, a real estate entity controlled by the Company’s founding principal stockholder, Bank of the West and Silvaco Group, Inc., as guarantor, entered into a loan agreement pursuant to which Bank of the West agreed to lend Gu-Guide LP certain amounts of money. The Loan is secured by a building representing a total of 9,000 square feet located at 4701 Patrick Henry Drive, Santa Clara, California 95054. In the event that the proceeds from the foreclosure of the foregoing collateral are insufficient to repay the outstanding amounts under the Loan, Silvaco Group Inc. has guaranteed the repayment of the outstanding amounts under the Loan. The Loan was repaid and the Company was released from the guarantee in July of 2024. Contingencies The Company is involved in routine legal proceedings in the ordinary course of business. The outcome of such matters is not expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity. However, each of these matters is subject to various uncertainties and it is possible that an unfavorable resolution of one or more of these proceedings could materially affect the Company's results of operations, cash flows or financial position. In December 2020, the Company sought declaratory relief in the California Superior Court to clarify its obligations regarding the earnout payments due to the selling shareholders of Nangate, Inc. (“Nangate”) following its acquisition by the Company in 2018. In February 2021, two of the selling shareholders of Nangate, along with a third cross-complainant (collectively, the “Nangate Parties”) filed a cross-complaint against the Company, as well as one current and one former member of the Company’s board of directors (the “Co-Defendants”). The cross-complaint alleged breach of contract, fraud, and negligent misrepresentation among other causes of action. In January 2022, the Nangate Parties filed a third amended cross-complaint against the Company, as well as one current and one former member of the Company’s board of directors, seeking $20.0 million in damages for breach of contract, fraud, and unfair business practices, as well as punitive damages. On July 23, 2024, a jury awarded the Nangate Parties $11.3 million in damages under breach of contract related claims, including breach of contract and breach of the covenant of good faith and fair dealing, along with the potential for an award of statutory pre-judgment interest, and court and litigation related costs and certain expert expenses subject to the Nangate Parties establishing the legal right to them and to be determined by the court. The interest, if awarded, is estimated to be between $3.4 million to $3.8 million as of June 30, 2024 (collectively with the $11.3 million damages award, the “Contract Damages”). As a result, during the three and six months ended June 30, 2024, the Company recorded a charge to estimated litigation claim and accrued expenses and other current liabilities of $14.7 million for the amount awarded to the Nangate Parties. The Company believes it has strong grounds for appeal on multiple issues and is actively evaluating its legal strategies and options, including the possibility of post-trial motions and appeals. The jury also found the Company and the Co-Defendants liable for certain of the fraud claims and awarded the Nangate parties $6.6 million. Punitive damages relating to the fraud claims, including false promise and intentional misrepresentation, will be considered at a hearing scheduled for August 16, 2024. Any punitive damages awarded would be incremental to the $6.6 million awarded for the fraud claims (collectively, the “Fraud Damages”). After the hearing, the Nangate Parties will have the option to choose either the Contract Damages or the Fraud Damages, but in no circumstances will the Nangate Parties receive both remedies. Given the uncertainty surrounding the potential range of punitive damages and therefore, whether the Fraud Damages will exceed the Contract Damages, the Company at this time cannot reasonably estimate the possible loss or range of loss, if any, that might arise from the Fraud Damages, and above-mentioned court and litigation related costs and certain expert expenses that may be awarded. Therefore, the Company has not recorded any charges for potential liability related to Fraud Damages, and court and litigation related costs and certain expert expenses that may be awarded in this matter. On August 19, 2021, Aldini AG (“Aldini”) sued the Company, the Company’s French affiliate, a member of the Company’s board of directors and the Company’s CEO, among numerous other noncompany defendants, in connection with the Company’s interactions with Dolphin Design SAS (“Dolphin”). Aldini’s allegations center around the bankruptcy and reorganization of Dolphin in 2018 and Silvaco, Inc.’s acquisition of certain memory assets of Dolphin, which Aldini alleges was done in violation of its rights as a shareholder of Dolphin. Aldini’s First Amended Complaint asserts various tort claims against Silvaco, Inc., Silvaco France, and officers Iliya Pesic and Babak Taheri, including claims for trade secret theft, conspiracy, and intentional interference with a prospective economic advantage. Silvaco, Inc. filed a motion to dismiss; the trade secret theft and conspiracy claims were dismissed with prejudice and the intentional tort claims were dismissed with leave to amend. On August 23, 2022, Aldini filed a Second Amended Complaint against Silvaco, Inc., Silvaco France, and officers Iliya Pesic and Babak Taheri that included similar claims of trade secret theft, conspiracy, and intentional interference with a prospective economic advantage in relation to Silvaco, Inc.’s acquisition of certain assets of Dolphin. Aldini seeks $703.0 million and punitive damages. On March 17, 2023, the Second Amended Complaint was dismissed on all counts, subject to a right of appeal. Aldini filed a notice of appeal on April 27, 2023. The Company is vigorously defending itself in this litigation. The Company accordingly has not recorded a charge for this contingency. The Company’s software solutions and technology are subject to sanctions, export control and import laws and regulations of the United States and other applicable jurisdictions, including the Export Administration Regulations, U.S. Customs regulations, and economic and trade sanctions regulations administered by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”). Between August 2019 and June 2022, the Company filed various voluntary disclosures with U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) regarding potential violations of U.S. export control laws and regulations, specifically, the export of the Company’s licenses to certain parties designated on BIS’s Entity List and Unverified List, and the export of certain software modules without a license which was required at the time of the transaction. Such software modules were declassified by BIS in October 2020 to a lesser controlled export classification, meaning that such software generally no longer requires an export license. In July and October 2022 and January 2023, the Company also filed voluntary disclosures with OFAC regarding potential violations of certain OFAC sanctions programs, specifically the download of certain Company software modules by users in U.S. embargoed countries. After establishing its branch office in Russia in 2017, the Company used a local bank (“Bank A”) as its primary financial institution and engaged a local service provider (“Local Agent”) to act as its tax, accounting and legal consultant to advise with respect to matters affecting the branch office. As a result of the conflict in Ukraine, Bank A was sanctioned by OFAC on April 6, 2022, and based on the recommendation from the Local Agent, the Company established replacement bank accounts at another local bank (“Bank B”), which were opened on June 2, 2022. Following the opening of the new accounts at Bank B, the Local Agent used the Bank B accounts to receive injections of funds from the Company’s US bank accounts; transferred the funds from Bank B to Bank A and paid compensation of certain of the Company’s employees and other expenses using the Company’s bank accounts at Bank A. The discovery of transactions involving the Company’s funds through Bank A following the establishment of the Company’s accounts at Bank B led to the Company’s subsequent voluntary self-disclosure to OFAC in October 2023. In July 2024, OFAC issued a cautionary letter regarding the sanctions matters instead of pursuing a civil monetary penalty or taking other enforcement action. However, OFAC reserved the right to take future enforcement action should additional information warrant renewed attention. On September 22, 2023 and May 3, 2024, the Company received demand letters from a customer related to alleged deficiencies in certain intellectual property used by the customer. Management is in initial discussions with the customer regarding the nature of the claims set forth in the letter. Given the early stages of the matter and the unknown financial impact, the Company cannot estimate any reasonable range of loss. The Company accordingly has not recorded a charge for this contingency.

Revenue	6 Months Ended
Revenue	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company's revenue is derived principally from contracts which promise to deliver combinations of software licensing and related maintenance and services, which are accounted for as separate performance obligations with differing revenue recognition patterns. The transaction price is allocated to each distinct performance obligation based on the relative standalone selling price. Software license revenue consists of the Company’s software sold under a software license. Revenue related to stand-alone software applications are generally recognized upon shipment and delivery of license keys. For certain arrangements revenue is recognized based on usage or ratably over the term of the arrangement. Maintenance and service revenue consists of both maintenance revenues and professional services revenues which is recognized based on usage or ratably over the term of the arrangement. The timing of revenue recognition may differ from the timing of invoicing to customers. The Company records a contract asset when revenue is recognized prior to invoicing, an accounts receivable upon invoicing or deferred revenue when invoicing precedes revenue recognition. Customer contracts The Company accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights and payment terms can be identified, the contract has commercial substance, and it is probable the Company will collect substantially all of the consideration it is entitled to. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised software or providing service to a customer. For multi-year software licenses, the Company generally invoices customers annually at the beginning of each annual coverage period. Transaction price allocated to the remaining performance obligations As of June 30, 2024, approximately $33.2 million of revenue is expected to be recognized from remaining performance obligations. Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes both deferred revenue and backlog. The Company's backlog represents installment billings for periods beyond the current billing cycle. The Company expects to recognize revenue on approximately 47% of these remaining performance obligations over the next 12 months, with the remaining balance recognized thereafter. Deferred revenue Deferred revenue is comprised mainly of unearned revenue related to maintenance and service on software licenses and pending software license deliveries. Maintenance and service revenue is recognized ratably over the coverage period. Software license revenue is recognized upfront upon delivery of the licensed software. Deferred revenue also includes contracts for professional services to be performed in the future which are recognized as revenue when the company delivers the related service pursuant to the terms of the customer arrangement. During the three and six months ended June 30, 2024, the Company recognized revenue of $1.8 million and $4.1 million, respectively, that was included in the total deferred revenue balance as of December 31, 2023. All other activity in deferred revenue is due to the timing of invoices in relation to the timing of revenue during the three and six months ending June 30, 2024 as described above.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Restricted Stock Units (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes the Company's RSU activity pursuant to the 2014 Plan and the 2024 Plan for the six months ended June 30, 2024:


	Weighted Average			Number of Awards
	Grant Date Fair Value		Remaining Contract Term (in years)
Balance as of December 31, 2023	$	7.20	6.56	3,398,276
Granted	15.69		9.62	980,059
Vested(1)	7.16		5.54	(2,679,397)
Forfeited / canceled	8.64		6.74	(92,989)
Balance as of June 30, 2024	$	12.13	9.09	1,605,949

(1)Vested RSUs as of June 30, 2024 are excluded from the calculation of the Company’s common stock outstanding on the Company’s condensed consolidated balance sheet and condensed consolidated statements of stockholders’ equity as of June 30, 2024, due to the pending issuance of the common stock which are subject to lock-up agreements.

Share-Based Payment Arrangement, Expensed and Capitalized, Amount

The following table summarizes stock-based compensation expense by function for the three and six months ended June 30, 2024:


	Amount
	(in thousands)
General and administrative	$	11,745
Research and development	4,065
Selling and marketing	3,552
Cost of revenue	2,467
	$	21,829

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring Basis

The following tables present the Company's financial assets and liabilities that are measured at estimated fair value on a recurring basis as of June 30, 2024 and December 31, 2023:


	Fair value measurements as of June 30, 2024
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents:
Money market funds	17,905		17,905		—		—
U.S. treasury securities	4,729		—		4,729		—
Total	22,634		17,905		4,729		—
Available-for-sale marketable securities:
U.S. treasury securities	45,771		—		45,771		—
U.S. government agencies securities	22,232		—		22,232		—
Total	68,003		—		68,003		—
Total	$	90,637	$	17,905	$	72,732	$	—
Liabilities:
Contingent consideration	72		—		—		72
Total	$	72	$	—	$	—	$	72

	Fair value measurements as of December 31, 2023
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Liabilities:
Contingent consideration	112		—		—		112
Total	$	112	$	—	$	—	$	112

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following is a reconciliation of changes in the liability related to contingent consideration as of December 31, 2023 and June 30, 2024:


	(in thousands)
Fair value as of January 1, 2023	$	792
Change in fair value	325
Earn-out payments	(502)
Milestone achievement	(500)
Foreign exchange	(3)
Fair value as of December 31, 2023	$	112
Change in fair value	(18)
Earn-out payments	(22)
Fair value as of June 30, 2024	$	72

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	10,000,000	0
Preferred stock, issued (in shares)	0
Preferred stock, outstanding (in shares)	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	500,000,000	25,000,000
Common stock, issued (in shares)	26,294,217	20,000,000
Common stock, outstanding (in shares)	26,294,217	20,000,000

Debt and Financing Obligations - Narrative (Details)				1 Months Ended		3 Months Ended		6 Months Ended
Debt and Financing Obligations - Narrative (Details)	May 13, 2024 shares	Apr. 16, 2024 USD ($)	Jun. 13, 2022	May 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Related party line of credit					$ 2,000,000	$ 0		$ 0
Gain (loss) on debt extinguishment						(718,000)	$ 0	(718,000)	$ 0
Proceeds from loan facility								4,250,000	0
Repayment of loan facility								4,250,000	$ 0
Present value of vendor financing obligation						$ 4,787,000		$ 4,787,000
Vendor financing obligation, interest rate (in percent)						9.00%		9.00%
Vendor financing obligation, interest expense						$ 100,000		$ 100,000
Conversion of Micron Note into common stock						5,589,000		5,589,000
Additional Paid-in Capital
Debt Instrument [Line Items]
Conversion of Micron Note into common stock						5,589,000		5,589,000
Micron Technology Inc. (“Micron”)
Debt Instrument [Line Items]
Derivative liability		$ 500,000
Gain (loss) on derivative remeasurement						(28,000)		(28,000)
Convertible Debt \| Micron Technology Inc. (“Micron”)
Debt Instrument [Line Items]
Gain (loss) on debt extinguishment						(700,000)		(700,000)
Interest rate (in percent)		8.00%
Debt instrument, principal amount		$ 5,000,000
Debt instrument, term (in years)		3 years
Debt discount		$ 500,000
Converted instrument (in shares) \| shares	294,217
Convertible Debt \| Micron Technology Inc. (“Micron”) \| Additional Paid-in Capital
Debt Instrument [Line Items]
Conversion of Micron Note into common stock								5,600,000
Convertible Debt \| Micron Technology Inc. (“Micron”) \| Debt Conversion Terms One
Debt Instrument [Line Items]
Debt instrument, conversion price, multiplier		0.90
2022 Credit Line \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)			1.00%
Related party line of credit					$ 2,000,000
Gain (loss) on debt extinguishment				$ 0
East West Bank Loan \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)					0.50%
Gain (loss) on debt extinguishment						(100,000)		(100,000)
Line of credit facility, maximum borrowing capacity					$ 5,000,000
Interest rate (in percent)					4.50%
Proceeds from loan facility								4,300,000
Repayment of loan facility				$ 4,300,000
Interest expense, debt						$ 100,000		$ 200,000

Segment Reporting and Geographical Concentration (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	1

Summary of Significant Accounting and Reporting Policies - Antidilutive Securities (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restricted Stock Units (RSUs)
Accounting Policies [Line Items]
RSU Grants (in shares)	1,605,949	3,049,328

Leases - Schedule of Operating Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Remainder of 2024	$ 448
2025	753
2026	412
2027	234
2028	195
Thereafter	195
Total lease payments	2,237
Less: imputed interest	(108)
Total operating lease liabilities	2,129
Current portion of lease liability	863	$ 735
Non-current portion of lease liability	$ 1,266	$ 1,198

Description of Business	6 Months Ended
Description of Business	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Silvaco Group, Inc. (“Silvaco,” and together with its subsidiaries, the “Company”) was incorporated as a Delaware corporation on November 18, 2009. The Company is a provider of technology computer aided design (“TCAD”) software, electronic data automation (“EDA”) software and semiconductor intellectual property (“SIP”). TCAD, EDA and SIP solutions enable semiconductor and photonics companies to increase productivity, accelerate their products’ time-to-market and reduce their development and manufacturing costs. The Company has decades of expertise developing the “technology behind the chip” and providing solutions that span from atoms to systems, starting with providing software for the atomic level simulation of semiconductor and photonics material for devices, to providing software and SIP for the design and analysis of circuits and system level solutions. The Company provides SIP for system-on-a-chip (“SoC”), integrated circuits (“ICs”) and SIP management tools to enable team collaborations on complex SoC designs. The Company’s customers include semiconductor manufacturers, original equipment manufacturers (“OEMs”) and design teams who deploy the Company’s solutions in production flows across the Company’s target markets, including display, power devices, automotive, memory, high performance computing (“HPC”), internet of things (“IoT”) and 5G/6G mobile markets. Initial public offering In May 2024, the Company completed its initial public offering (“IPO”), in which it issued and sold 6,000,000 shares of its common stock at the public offering price of $19.00 per share. The Company received gross proceeds of $114.0 million, with $106.0 million funded to the Company after deducting underwriting discounts and commissions of $8.0 million.

Fair Value of Financial Instruments - Reconciliation Of Changes In Liability (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 112	$ 792
Change in fair value	(18)	325
Earn-out payments	(22)
Foreign exchange		(3)
Ending balance	$ 72	112
Earn-out payments
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Earn-out payments		(502)
Milestone achievement
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Earn-out payments		$ (500)

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value measurements

The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

■Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

■Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices), such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions.

■Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

Financial instruments measured at fair value on a recurring basis

The following tables present the Company's financial assets and liabilities that are measured at estimated fair value on a recurring basis as of June 30, 2024 and December 31, 2023:


	Fair value measurements as of June 30, 2024
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents:
Money market funds	17,905		17,905		—		—
U.S. treasury securities	4,729		—		4,729		—
Total	22,634		17,905		4,729		—
Available-for-sale marketable securities:
U.S. treasury securities	45,771		—		45,771		—
U.S. government agencies securities	22,232		—		22,232		—
Total	68,003		—		68,003		—
Total	$	90,637	$	17,905	$	72,732	$	—
Liabilities:
Contingent consideration	72		—		—		72
Total	$	72	$	—	$	—	$	72

	Fair value measurements as of December 31, 2023
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Liabilities:
Contingent consideration	112		—		—		112
Total	$	112	$	—	$	—	$	112

The Company's level 1 financial assets were valued using quoted prices in active markets for identical assets as of June 30, 2024. The Company’s level 2 financial assets were determined based on third-party inputs which are either directly or indirectly observable, such as reported trades and broker or dealer quotes. The Company's marketable securities have an amortized cost that approximates fair value as of June 30, 2024.

Pursuant to the Company’s stock purchase agreements for the acquisition of Nangate in March of 2018 and PolytEDA Cloud LLC (“PolytEDA”) in January of 2021, the selling shareholders are entitled to additional milestone and earn out consideration based on net revenues, operating income and technical achievement. The milestone consideration and earn-out liabilities are classified as contingent consideration as the obligations are due in cash. As such the obligations are recorded at their fair value and re-valued period to period with any changes recorded to other income (expense).

The Company's contingent consideration is valued using a discounted cash flow model, and the assumptions used in preparing the discounted cash flow model include estimates for interest rates and the amount of cash flows, in addition to the expected net revenue, operating income and technical achievement of the acquired technology.

The following is a reconciliation of changes in the liability related to contingent consideration as of December 31, 2023 and June 30, 2024:


	(in thousands)
Fair value as of January 1, 2023	$	792
Change in fair value	325
Earn-out payments	(502)
Milestone achievement	(500)
Foreign exchange	(3)
Fair value as of December 31, 2023	$	112
Change in fair value	(18)
Earn-out payments	(22)
Fair value as of June 30, 2024	$	72

Nonfinancial assets such as property and equipment, operating lease right-of-use assets, intangibles assets, and goodwill are evaluated for impairment and adjusted to fair value using Level 3 inputs only when impairment is recognized.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 23, 2024, a jury awarded the Nangate Parties $11.3 million in damages under breach of contract related claims, including breach of contract and breach of the covenant of good faith and fair dealing, along with the potential for an award of statutory pre-judgment interest, and court and litigation related costs and certain expert expenses subject to the Nangate Parties establishing the legal right to them and to be determined by the court. Refer to Note 11, Commitments and Contingencies, for further discussion.

Restricted Stock Units

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Restricted Stock Units

On March 18, 2024, the number of shares of common stock reserved for issuance of RSU under the Company’s 2014 Stock Incentive Plan (the “2014 Plan”) was increased to 4.6 million and the term of the 2014 Plan was extended to March 18, 2034. On April 26, 2024, in connection with the Company’s IPO, the Company’s board of directors approved and adopted, subject to stockholder approval, the 2024 Stock Incentive Plan (“2024 Plan”), and the Company’s stockholders approved the 2024 Plan on April 29, 2024. The 2024 Plan became effective on May 8, 2024 and supersedes the Company’s 2014 Plan. All shares granted under the 2014 Plan that are forfeited and shares reserved for future issuance under the 2014 Plan are included in the share reserve under the 2024 Plan. As of June 30, 2024, the number of shares of common stock reserved for future issuance under the 2024 Plan was 3,739,932.

The Company issues RSUs to its employees, directors and service providers. The RSUs awarded under the 2014 Plan generally had two vesting requirements, a time and service-based requirement (the “Time-Based Requirement”) and a liquidity event requirement (the “Liquidity Event Requirement”). The Liquidity Event Requirement would be satisfied as to any then-outstanding RSUs on the first to occur of: (1) a change in control event (as defined in the award agreement) or (2) the first sale of common stock pursuant to an underwritten IPO, in either case, within 10 years of the grant date. The Liquidity Event Requirement was satisfied upon the consummation of the IPO on May 13, 2024. The Time-Based Requirement generally requires four years for full vesting of the grants, with 25% vesting after one year and quarterly vesting over the subsequent three years. Certain grants have had modified time-based vesting requirements, including certain grants that have been issued with the Time-Based Requirement satisfied on the grant date. The Company recognizes its stock-based compensation expense ratably over the requisite service period, which is generally four years.

The following table summarizes the Company's RSU activity pursuant to the 2014 Plan and the 2024 Plan for the six months ended June 30, 2024:


	Weighted Average			Number of Awards
	Grant Date Fair Value		Remaining Contract Term (in years)
Balance as of December 31, 2023	$	7.20	6.56	3,398,276
Granted	15.69		9.62	980,059
Vested(1)	7.16		5.54	(2,679,397)
Forfeited / canceled	8.64		6.74	(92,989)
Balance as of June 30, 2024	$	12.13	9.09	1,605,949

During the three and six months ended June 30, 2024 prior to the IPO, the grant date fair value of the RSU awards was derived from an interpolation based on the contemplated listing price of the Company’s anticipated IPO. For RSUs granted after the IPO, the Company used the publicly listed stock price as the grant date fair value.

Historically the Company has not recorded stock-based compensation expense for the RSUs, as the Liquidity Event Requirement was not deemed probable. The Company has valued the RSUs granted using historical estimates of the fair value of the Company's common stock. Upon the consummation of the Company’s IPO, the Liquidity Event Requirement was met, and the Company incurred stock-based compensation expense associated with (i) RSUs granted to active employees and service providers, (ii) RSUs granted to certain former employees and service providers whose RSUs become vested in connection with the Liquidity Event, and (iii) the acceleration of the Time Based Requirement for certain awards to executive officers, senior management and directors as a result of the Liquidity Event.

In November 2023, the Company issued 30,000 RSUs with certain performance-based conditions, in addition to the Time-Based Requirement, and a grant date fair value of $0.4 million. The Company estimates the probability of achievement of applicable performance goals for performance-based RSUs in each reporting period and recognizes related stock-based compensation expense using the straight line attribution method. The amount of stock-based compensation expense recognized in any period can vary based on the attainment or expected attainment of the various performance goals. If such performance goals are not ultimately met, no stock-based compensation expense is recognized and any previously recognized compensation expense is reversed. The Company recognized stock-based compensation expense of $0.1 million related to these RSUs during the three and six months ended June 30, 2024.

In November 2023, the Company issued 75,000 RSUs with certain market-based conditions, in addition to the Time Based Requirement and the Liquidity Event Requirement, and a grant date fair value of $0.6 million. The Company estimated the fair value of market-based RSUs on the grant date using a Monte Carlo simulation model. The vesting of the market-based RSUs is contingent on achieving a minimum volume-weighted average stock price (“VWAP”). The assumptions used in the Monte Carlo simulation model to determine the grant date fair value were a daily VWAP of $8.92, a volatility of 50%, and a risk-free rate of 4.3%. The Company recognized stock-based compensation expense of $0.1 million related to these RSUs during the three and six months ended June 30, 2024.

As of June 30, 2024, the Company had unrecognized stock-based compensation expense of $17.8 million which is expected to be recognized over a weighted average period of 2.7 years.

During the three and six months ended June 30, 2024, the Company recorded stock-based compensation expense of $21.8 million for the service period through such date using the straight-line attribution method, net of actual forfeitures, based on the grant-date fair value of the RSU awards. The following table summarizes stock-based compensation expense by function for the three and six months ended June 30, 2024:


	Amount
	(in thousands)
General and administrative	$	11,745
Research and development	4,065
Selling and marketing	3,552
Cost of revenue	2,467
	$	21,829

During the three and six months ended June 30, 2024, the Company’s compensation committee approved the issuance of a variable number of RSUs as a portion of the employee bonus program for the fiscal year 2024. The number of RSUs issued will be calculated as the volume-weighted average price of the Company’s common stock upon the bonus being finalized after the end of the fiscal year. As the Company has an obligation to issue a variable number of shares for a fixed monetary amount, the RSUs will be accounted for as liability-classified awards and subsequently re-measured to their fair value at each reporting date. The Company recognized stock-based compensation expense of $0.3 million associated with the liability-classified RSUs during the three and six months ended June 30, 2024, with a corresponding increase to accrued expenses of $0.3 million. If the bonus was finalized on June 30, 2024, the Company would be required to issue 33,637 RSUs to its employees.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (38,388)	$ (331)	$ (37,010)	$ 483
Other comprehensive (loss) income:
Foreign currency translation adjustments	(199)	(134)	(384)	(46)
Comprehensive (loss) income	$ (38,587)	$ (465)	$ (37,394)	$ 437

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Restricted Stock Units - Narrative (Details) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended	6 Months Ended
	Mar. 18, 2024 requirement shares	Nov. 30, 2023 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock reserved for future issuance (in shares) \| shares			3,739,932	3,739,932
Stock-based compensation expense			$ 21,800	$ 21,829
Unrecognized stock-based compensation expense			17,800	$ 17,800
Unrecognized stock-based compensation expense, period for recognition (in years)				2 years 8 months 12 days
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved (in shares) \| shares	4,600,000
Number of vesting requirements \| requirement	2
Requisite service period (in years)				4 years
Granted (in shares) \| shares				980,059
Stock-based compensation expense for liability-classified award			300	$ 300
Recorded liability for liability-classified award			$ 300	$ 300
Grants in period if bonus was finalized (in shares) \| shares			33,637	33,637
Restricted Stock Units (RSUs) - Liquidity-Event Based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiration period (in years)	10 years
Restricted Stock Units (RSUs) - Time-Based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period (in years)	4 years
Restricted Stock Units (RSUs) - Time-Based \| Share-Based Payment Arrangement, Tranche One
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period (in years)	1 year
Award vesting rights (in percent)	25.00%
Restricted Stock Units (RSUs) - Time-Based \| Share-Based Payment Arrangement, Tranche Two
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period (in years)	3 years
Restricted Stock Units (RSUs) - Performance-Based And Time-Based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares) \| shares		30,000
Grant date fair value		$ 400
Stock-based compensation expense			$ 100	$ 100
Restricted Stock Units (RSUs) - Market-Based, Liquidity Event-Based, And Time-Based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares) \| shares		75,000
Grant date fair value		$ 600
Stock-based compensation expense			$ 100	$ 100
Volume-weighted average stock price (“VWAP”) (in dollars per share) \| $ / shares			$ 8.92	$ 8.92
Volatility (in percent)				50.00%
Risk-free rate (in percent)				4.30%

Related Parties (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
Related Parties (Details) $ in Thousands	Feb. 29, 2012 ft²	Jun. 30, 2024 USD ($) lease	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) lease	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 13, 2022 USD ($)	May 01, 2022
Related Party Transaction [Line Items]
Operating lease right-of-use assets, net		$ 2,144		$ 2,144		$ 1,963
Total operating lease liabilities		2,129		2,129
Revenue from contract with customer		14,960	$ 12,525	30,849	$ 26,816
Contract assets, net		9,175		9,175		$ 8,749
Software license revenue
Related Party Transaction [Line Items]
Revenue from contract with customer		11,023	8,845	23,281	19,510
Related Party \| 2022 Credit Line \| Line of Credit
Related Party Transaction [Line Items]
Line of credit facility, maximum borrowing capacity							$ 4,000
Interest expense, debt		22	47	100	100
Related Party \| Loan
Related Party Transaction [Line Items]
Debt instrument, collateral, building, number of square feet \| ft²	9,000
Director
Related Party Transaction [Line Items]
Contract assets, net		300		300
Director \| Software license revenue
Related Party Transaction [Line Items]
Revenue from contract with customer		28	10	600	100
Kipee \| Related Party
Related Party Transaction [Line Items]
Rent expense		54	100	54	100
Operating lease, term of contract (in years)								3 years
Operating lease right-of-use assets, net		200		200
Total operating lease liabilities		200		200
New Horizons (Cambridge) LTD and New Horizons France \| Related Party
Related Party Transaction [Line Items]
Rent expense		$ 74	$ 100	$ 74	$ 100
Number of international office leases \| lease		2		2
New Horizons (Cambridge) LTD \| Related Party
Related Party Transaction [Line Items]
Operating lease right-of-use assets, net		$ 1,000		$ 1,000
Total operating lease liabilities		1,000		1,000
New Horizons France \| Related Party
Related Party Transaction [Line Items]
Operating lease right-of-use assets, net		100		100
Total operating lease liabilities		$ 100		$ 100

Related Parties	6 Months Ended
Related Parties	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Parties	Related Parties The Company has a commercial lease agreement with Kipee International, Inc., a related party controlled by Katherine Ngai-Pesic, who is the Company's founding principal stockholder and chairperson of the Board of Directors, for Silvaco's corporate office in Santa Clara, California. In connection with this lease arrangement, the Company recorded rent expense of $54,000 and $0.1 million during the three and six months ended June 30, 2024 and 2023, respectively. The Company's right-of-use asset and operating lease liability under this three year arrangement, which commenced on May 1, 2022 and expires on March 31, 2025, is $0.2 million as of June 30, 2024. The Company has two international office leases with New Horizons (Cambridge) LTD (“NHC”) and New Horizons France (“NHF”) in Cambridgeshire, England and Grenoble, France, respectively. NHC and NHF are real estate entities owned and controlled by Ms. Ngai-Pesic. In connection with these lease arrangements, the Company recorded rent expense of $74,000 and $0.1 million during the three and six months ended June 30, 2024 and 2023, respectively. The Company's right-of-use asset and operating lease liability under the NHC lease, which expires on December 31, 2029, is $1.0 million as of June 30, 2024. The Company's right-of-use asset and operating lease liability under the NHF lease, which expires on April 30, 2026, is $0.1 million as of June 30, 2024. On June 13, 2022, Silvaco entered into a $4.0 million line of credit with Ms. Ngai-Pesic (the “2022 Credit Line”). In connection with this line of credit, the Company recorded interest expense of $22,000 and $0.1 million during the three and six months ended June 30, 2024, respectively, and $47,000 and $0.1 million during the three and six months ended June 30, 2023, respectively. The outstanding amounts due under the 2022 Credit Line were repaid in full and the 2022 Credit Line was terminated in May of 2024. See Note 7, Debt and Financing Obligations, for further discussion. In February of 2012, Gu-Guide LP, a real estate entity controlled by Ms. Ngai-Pesic, Bank of the West and Silvaco Group, Inc., as guarantor, entered into a loan agreement pursuant to which Bank of the West agreed to lend Gu-Guide LP certain amounts of money (the “Loan”). The Loan was secured by a building representing a total of 9,000 square feet located at 4701 Patrick Henry Drive, Santa Clara, California 95054. In the event that the proceeds from the foreclosure of the foregoing collateral are insufficient to repay the outstanding amounts under the Loan, Silvaco Group Inc. had guaranteed the repayment of the outstanding amounts under the Loan. The Loan was repaid in July of 2024. A member of the Company’s board of directors also serves as chairman of the board for one of Silvaco’s customers. The Company recorded $28,000 and $0.6 million in software revenue from this customer during the three and six months ended June 30, 2024, respectively, and $10,000 and $0.1 million in software revenue from this customer during the three and six months ended June 30, 2023, respectively. As of June 30 2024, the balance of the Company’s contract assets with this customer was $0.3 million.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 34,274	$ 4,421
Short-term marketable securities	54,611	0
Accounts receivable, net	6,781	4,006
Contract assets, net	9,175	8,749
Prepaid expenses and other current assets	3,369	2,549
Deferred transaction costs	0	1,163
Total current assets	108,210	20,888
Long-term assets:
Long-term marketable securities	13,392	0
Property and equipment, net	742	591
Operating lease right-of-use assets, net	2,144	1,963
Intangible assets, net	4,956	342
Goodwill	9,026	9,026
Long-term portion of contract assets, net	9,096	6,250
Other assets	1,845	1,825
Total long-term assets	41,201	19,997
Total assets	149,411	40,885
Current liabilities:
Accounts payable	2,572	2,495
Accrued expenses and other current liabilities	23,748	10,255
Accrued income taxes	2,288	1,626
Deferred revenue, current	8,519	7,882
Operating lease liabilities, current	863	735
Related party line of credit	0	2,000
Vendor financing obligation, current	2,049	0
Total current liabilities	40,039	24,993
Long-term liabilities:
Deferred revenue, non-current	3,337	5,071
Operating lease liabilities, non-current	1,266	1,198
Vendor financing obligation, non-current	2,738	0
Other long-term liabilities	185	221
Total liabilities	47,565	31,483
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024; no shares authorized as of December 31, 2023	0	0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 26,294,217 shares issued and outstanding as of June 30, 2024; 25,000,000 shares authorized; 20,000,000 shares issued and outstanding as of December 31, 2023	3	2
Additional paid-in capital	129,837	0
(Accumulated deficit) Retained earnings	(25,618)	11,392
Accumulated other comprehensive loss	(2,376)	(1,992)
Total stockholders' equity	101,846	9,402
Total liabilities and stockholders' equity	$ 149,411	$ 40,885

Debt and Financing Obligations

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt and Financing Obligations

On June 13, 2022, Silvaco entered into the 2022 Credit Line which bears interest at a rate of prime plus 1% per annum. As of December 31, 2023, the principal balance of the 2022 Credit Line was $2.0 million. In May 2024, the outstanding balance under the 2022 Credit Line was repaid in full, and the 2022 Credit Line was terminated. The Company did not recognize any gain or loss on the extinguishment of the 2022 Credit Line.

In December 2023, the Company entered into a loan facility with East West Bank (the “East West Bank Loan”) which had a maturity date of December 14, 2025 and provided for borrowings of up to $5.0 million bearing interest at a per annum rate equal to one half of one percent (0.5%) above the greater of (i) the prime rate or (ii) four and one half percent (4.5%). The Company drew $4.3 million on the East West Bank Loan during the six months ended June 30, 2024 and repaid the $4.3 million in full in May 2024. Accordingly, the Company recognized a loss on debt extinguishment of $0.1 million during the three and six months ended June 30, 2024. The Company additionally recorded interest expense of $0.1 million and $0.2 million during the three and six months ended June 30, 2024, respectively, with respect to the East West Bank Loan. In May 2024, the East West Bank Loan was terminated.

On April 11, 2024, the Company amended its license agreement with NXP, pursuant to which the Company financed the purchase of licensed IP and recorded an associated vendor financing obligation, which has a balance of $4.8 million as of June 30, 2024. The Company determined that the vendor financing obligation had an imputed interest rate of 9%, which is reflective of its borrowing rate with similar terms to that of the license agreement, and recognized interest expense of $0.1 million for the three and six months ended June 30, 2024. The Company’s vendor financing obligation is comprised of the following payments as of June 30, 2024:


For the year ending December 31,	Amount
	(in thousands)
Remainder of 2024	$	600
2025	1,500
2026	1,200
2027	1,200
2028	1,200
Total undiscounted cash flows	$	5,700
Less: Imputed interest	913
Present value of vendor financing obligation	$	4,787
Vendor financing obligation, current	2,049
Vendor financing obligation, non-current	$	2,738

On April 16, 2024, the Company entered into a note purchase agreement with Micron Technology Inc. (“Micron”), which has been and is a customer of the Company, pursuant to which the Company issued to Micron a senior subordinated convertible promissory note in the principal amount of $5.0 million (the “Micron Note”). The Micron Note was contractually subordinated to the East West Bank Loan through a subordination agreement with East West Bank, but was senior to all of our other existing debt and was senior to any new future debt incurred (other than any undrawn amount available under the East West Bank Loan while it was outstanding). The Micron Note accrued interest at a rate of 8% per annum, with principal and interest due upon maturity three years after the date of issuance. Upon the consummation of the IPO, the Micron Note was mandatorily convertible into a number of shares equal to the outstanding principal amount and accrued interest divided by a conversion price equal to (a) the price of the Company’s common stock issued in the initial public offering, times (b) 0.90. The Company determined that the feature that allowed for settlement of the Micron Note into a variable number of shares required bifurcation as a derivative liability and should be initially measured at fair value. The Company recorded a derivative liability of $0.5 million and a corresponding debt discount of $0.5 million on the issuance date.

On May 13, 2024, the Micron Note was converted into 294,217 shares of the Company’s common stock in connection with the consummation of the IPO. The shares issued pursuant to the Micron Note have been registered for resale under the Securities Act. Upon the settlement of the Micron Note, the derivative liability was settled and the Company remeasured it to its fair value and recorded a loss on derivative remeasurement of $28,000 during the three and six months ended June 30, 2024, which was recorded in interest and other expense, net on the Company’s condensed consolidated statements of income (loss). As a result, the fair value of the shares issued of $5.6 million was recognized in additional paid-in capital and the Company settled the debt, inclusive of the derivative liability, and recognized a loss on debt extinguishment of $0.7 million during the three and six months ended June 30, 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Subsequent Events (Details) $ in Millions	Jul. 23, 2024 USD ($)
Nangate Parties Cross-Complaint \| Subsequent Event
Subsequent Event [Line Items]
Damages awarded	$ 11.3

Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

The Company’s headquarters are located in Santa Clara, California, where the Company has an operating lease covering its corporate office expiring in March of 2025. The Company also has operating leases in Duluth, Georgia, and abroad, in Japan, France, China, the United Kingdom, Taiwan, Singapore, and Korea, among other countries. The expiration dates for these operating leases range from 2024 through 2029. As of June 30, 2024 and December 31, 2023, the Company’s operating lease right-of-use assets and operating lease liabilities were as follows:


	June 30,		December 31,
	2024		2023
	(in thousands)
Operating lease right-of-use assets, net	$	2,144	$	1,963
Operating lease liabilities, current	863		735
Operating lease liabilities, non-current	$	1,266	$	1,198

The components of operating lease cost during the periods presented were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)				(in thousands)
Operating lease cost	$	247	$	243	$	477	$	499
Variable lease cost(1)	32		48		92		72
Total operating lease cost	$	279	$	291	$	569	$	571

(1)Variable lease cost includes common area maintenance, utilities, security, insurance and property taxes.

Additional information related to the Company’s operating leases for the three and six months ended June 30, 2024 and 2023 was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)				(in thousands)
Cash paid for operating lease liabilities	$	241	$	244	$	463	$	500
Right-of-use assets obtained in exchange for lease obligations	$	166	$	—	$	733	$	—


	Six Months Ended June 30,
	2024		2023
Weighted average remaining lease term (in years)	3.58		4.38
Weighted average discount rate	3.09	%	4.14	%

As of June 30, 2024 maturities of operating lease liabilities were as follows:


Year Ending December 31,	Amount
	(in thousands)
Remainder of 2024	$	448
2025	753
2026	412
2027	234
2028	195
Thereafter	195
Total lease payments	$	2,237
Less: imputed interest	(108)
Total operating lease liabilities	$	2,129
Current portion of lease liability	$	863
Non-current portion of lease liability	$	1,266

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]

- Definition

Indicates amendment to accounting standards.

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+ Details

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes consists principally of state and local, and foreign taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year. During the three and six months ended June 30, 2024, the Company recorded an income tax provision of $0.2 million and $1.0 million, respectively, as compared to an income tax benefit of $0.1 million and provision of $0.3 million, respectively, during the three and six months ended June 30, 2023. The effective tax rate for the three and six months ended June 30, 2024 was (1)% and (3)%, respectively, as compared to 25% and 36%, respectively, for the three and six months ended June 30, 2023. The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between its effective tax rate and the federal statutory rate is attributable to state income taxes, foreign income taxes, the effect of certain permanent differences, and full valuation allowance against net deferred tax assets. Management establishes a valuation allowance for those deductible temporary differences when it is more likely than not that the benefit of such deferred tax assets will not be recognized. The ultimate realization of deferred tax assets is dependent upon the Company's ability to generate taxable income during periods in which the temporary differences become deductible. Management regularly reviews the deferred tax assets for recoverability and establishes a valuation allowance based on historical taxable income, projected future taxable income, and the expected timing of the reversals of existing temporary differences. Through the six months ended June 30, 2024, management believes that it is more likely than not that the deferred tax assets will not be realized, such that a full valuation allowance has been recorded. The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and certain foreign jurisdictions. The Company is not currently under audit by the Internal Revenue Service or other similar state, local, and foreign authorities. All tax years remain open to examination by major taxing jurisdictions to which the Company is subject for a period of three years for federal and four years for states, after the utilization of net operating losses and credits.

- Definition

The entire disclosure for income tax.

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+ Details