Cadence Design Systems Inc. (CDNS) financial statements: income statement, balance sheet and cash flow
Cadence Design Systems Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cadence Design Systems Inc. reported revenue of $5.3B (+14.1% year on year) and net income of $1.1B (+5.1% year on year).
Income statement
Cadence Design Systems Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$5.3B
$4.6B
$4.1B
$3.6B
Cost of sales
$722.2M
$647.5M
$435.0M
$371.6M
Marketing and sales
$802.6M
$757.5M
$690.3M
$604.2M
Research and development
$1.8B
$1.5B
$1.4B
$1.3B
General and administrative
$313.4M
$282.3M
$242.4M
$242.1M
Amortization of acquired intangibles
$39.9M
$30.4M
$18.2M
$18.5M
Loss related to contingent liability
$128.5M
—
—
—
Restructuring
$29.2M
$23.8M
$11.0M
$55.0K
Total costs and expenses
$3.8B
$3.3B
$2.8B
$2.5B
Income from operations
$1.5B
$1.4B
$1.3B
$1.1B
Interest expense
($116.5M)
($76.0M)
($36.2M)
($22.9M)
Other income, net
$146.5M
$121.1M
$66.9M
($5.4M)
Income before provision for income taxes
$1.5B
$1.4B
$1.3B
$1.0B
Provision for income taxes
$413.2M
$340.3M
$240.8M
$196.4M
Net income
$1.1B
$1.1B
$1.0B
$849.0M
Net income per share - basic (in usd per share)
$4.09
$3.89
$3.86
$3.13
Net income per share - diluted (in usd per share)
$4.06
$3.85
$3.82
$3.09
Weighted average common shares outstanding - basic (shares)
271.3M
271.2M
269.4M
271.2M
Weighted average common shares outstanding - diluted (shares)
273.3M
273.8M
272.7M
275.0M
Cadence Design Systems Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.6B
$1.5B
$1.3B
$1.3B
Cost of sales
$239.3M
$214.5M
$182.2M
$184.2M
Marketing and sales
$241.0M
$211.5M
$192.6M
$200.6M
Research and development
$531.3M
$508.4M
$423.0M
$442.1M
General and administrative
$88.5M
$88.2M
$78.0M
$69.0M
Amortization of acquired intangibles
$34.3M
$20.2M
$10.2M
$9.2M
Loss related to contingent liability
$0
—
$0
$128.5M
Restructuring
($352.0K)
($5.0K)
$27.4M
$47.0K
Total costs and expenses
$1.1B
$1.0B
$913.4M
$1.0B
Income from operations
$450.3M
$431.3M
$425.4M
$241.8M
Interest expense
($35.1M)
($31.6M)
($29.0M)
($28.9M)
Other income, net
$95.1M
$28.4M
—
$67.8M
Income before provision for income taxes
$510.2M
$428.1M
$392.8M
$280.6M
Provision for income taxes
$143.2M
$92.4M
$105.7M
$120.6M
Net income
$367.1M
$335.7M
$287.1M
$160.1M
Net income per share - basic (usd per share)
$1.34
$1.23
$1.06
$0.59
Net Income per share - diluted (usd per share)
$1.33
$1.23
$1.05
$0.59
Weighted average common shares outstanding - basic (in shares)
274.0M
272.1M
271.2M
271.3M
Weighted average common shares outstanding - diluted (in shares)
276.2M
273.7M
273.8M
272.9M
Balance sheet
Cadence Design Systems Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$3.0B
$2.6B
$1.0B
$882.3M
Receivables, net
$944.9M
$680.5M
$489.2M
$486.7M
Inventories
$303.5M
$257.7M
$181.7M
$128.0M
Prepaid expenses and other
$419.9M
$433.9M
$297.2M
$209.7M
Total current assets
$4.7B
$4.0B
$2.0B
$1.7B
Property, plant and equipment, net
$517.0M
$458.2M
$403.2M
$371.5M
Goodwill
$2.7B
$2.4B
$1.5B
$1.4B
Acquired intangibles, net
$718.2M
$594.7M
$336.8M
$354.6M
Deferred taxes
$917.7M
$982.1M
$880.0M
$853.7M
Other assets
$581.4M
$544.7M
$537.4M
$476.3M
Total assets
$10.2B
$9.0B
$5.7B
$5.1B
Accounts payable and accrued liabilities
$856.9M
$632.7M
$576.6M
$557.2M
Current portion of deferred revenue
$778.4M
$737.4M
$665.0M
$690.5M
Total current liabilities
$1.6B
$1.4B
$1.6B
$1.3B
Long-term portion of deferred revenue
$156.0M
$115.2M
$98.9M
$91.5M
Long-term debt
$2.5B
$2.5B
$299.8M
$648.1M
Other long-term liabilities
$407.5M
$339.4M
$275.7M
$304.7M
Total long-term liabilities
$3.0B
$2.9B
$674.4M
$1.0B
Preferred stock – $0.01 par value; authorized 400 shares, none issued or outstanding
0
0
0
0
Common stock – $0.01 par value; authorized 600,000 shares; issued and outstanding shares: 271,799 and 273,851, respectively
4.7B
4.2B
3.2B
2.8B
Treasury stock, at cost; 59,101 shares and 57,049 shares, respectively
-6.3B
-5.3B
-4.6B
-3.8B
Retained earnings
$7.1B
$6.0B
$4.9B
$3.9B
Accumulated other comprehensive loss
($1.8M)
($190.4M)
($94.8M)
($91.6M)
Total stockholders’ equity
$5.5B
$4.7B
$3.4B
$2.7B
Total liabilities and stockholders’ equity
$10.2B
$9.0B
$5.7B
$5.1B
Cadence Design Systems Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.4B
$1.4B
$2.8B
$2.8B
Receivables, net
$1.1B
$1.0B
$755.3M
$670.2M
Inventories
$390.4M
$318.0M
$286.2M
$226.2M
Prepaid expenses and other
$326.0M
$422.0M
$492.3M
$503.5M
Total current assets
$3.2B
$3.2B
$4.3B
$4.2B
Property, plant and equipment, net
$560.2M
$536.9M
$494.7M
$482.1M
Goodwill
$4.9B
$4.9B
$2.6B
$2.6B
Acquired intangibles, net
$1.9B
$1.9B
$672.5M
$619.0M
Deferred taxes
$832.6M
$843.2M
$892.6M
$980.2M
Other assets
$676.5M
$675.0M
$607.5M
$605.1M
Total assets
$12.1B
$12.1B
$9.6B
$9.5B
Accounts payable and accrued liabilities
$823.7M
$863.9M
$631.3M
$766.6M
Current portion of deferred revenue
$1.0B
$873.6M
$775.3M
$729.9M
Total current liabilities
$1.8B
$2.2B
$1.4B
$1.5B
Long-term portion of deferred revenue
$144.5M
$146.6M
$130.1M
$154.4M
Long-term debt
$2.5B
$2.5B
$2.5B
$2.5B
Other long-term liabilities
$746.9M
$746.6M
$384.5M
$373.0M
Total long-term liabilities
$3.4B
$3.4B
$3.0B
$3.0B
Common stock and capital in excess of par value
$5.9B
$5.7B
$4.6B
$4.4B
Treasury stock, at cost
($6.8B)
($6.5B)
($6.1B)
($5.9B)
Retained earnings
$7.8B
$7.4B
$6.7B
$6.4B
Accumulated other comprehensive loss
($56.2M)
($40.1M)
$7.3M
$24.0M
Total stockholders’ equity
$6.9B
$6.6B
$5.2B
$5.0B
Total liabilities and stockholders’ equity
$12.1B
$12.1B
$9.6B
$9.5B
Cash flow statement
Cadence Design Systems Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents at beginning of year
$2.6B
$1.0B
$882.3M
$1.1B
Net income
$1.1B
$1.1B
$1.0B
$849.0M
Depreciation and amortization
$227.8M
$196.9M
$145.3M
$132.1M
Stock-based compensation
$455.2M
$391.2M
$325.6M
$270.4M
Gain on divestitures and investments, net
($69.1M)
($49.6M)
($34.6M)
$5.4M
Deferred income taxes
$66.0M
($128.7M)
($36.5M)
($107.6M)
ROU asset amortization and change in operating lease liabilities
$6.0M
($1.9M)
$451.0K
$3.3M
Other non-cash items
$7.2M
$587.0K
$2.0M
$371.0K
Receivables
($274.9M)
($180.3M)
($11.7M)
($138.5M)
Inventories
($91.0M)
($82.8M)
($65.9M)
($23.1M)
Prepaid expenses and other
$43.4M
($81.5M)
$39.0M
($38.9M)
Other assets
($18.6M)
$11.9M
($45.8M)
($933.0K)
Accounts payable and accrued liabilities
$184.9M
$33.7M
$5.4M
$113.9M
Deferred revenue
$69.4M
$66.5M
($21.6M)
$131.5M
Other long-term liabilities
$13.6M
$23.6M
$1.8M
$43.5M
Net cash provided by operating activities
$1.7B
$1.3B
$1.3B
$1.2B
Purchases of investments
($40.9M)
($5.0M)
($176.2M)
($1.0M)
Proceeds from the sale and maturity of investments
$140.3M
$48.0M
$64.8M
$366.0K
Proceeds from the sale of IP and other assets
$11.5M
—
—
—
Purchases of property, plant and equipment
($141.9M)
($142.5M)
($102.3M)
($123.2M)
Purchases of intangible assets
$0
$0
($166.0K)
($1.0M)
Cash paid in business combinations, net of cash acquired
($429.5M)
($737.6M)
($198.4M)
($613.8M)
Net cash used for investing activities
($460.5M)
($837.1M)
($412.2M)
($738.6M)
Proceeds from revolving credit facility
$0
$0
$50.0M
$585.0M
Payments on revolving credit facility
$0
$0
($150.0M)
($485.0M)
Proceeds from the issuance of debt
$0
$3.2B
$0
$300.0M
Payments of debt
$0
($1.4B)
—
—
Payments of debt issuance costs
$0
($23.8M)
$0
($425.0K)
Proceeds from issuance of common stock
$145.9M
$204.2M
$133.0M
$105.3M
Stock received for payment of employee taxes on vesting of restricted stock
($169.8M)
($237.7M)
($136.4M)
($111.9M)
Payments for repurchases of common stock
($925.0M)
($550.0M)
($700.1M)
($1.1B)
Net cash provided by (used for) financing activities
($949.0M)
$1.2B
($803.6M)
($657.0M)
Effect of exchange rate changes on cash and cash equivalents
$38.0M
($26.8M)
($7.5M)
($52.8M)
Increase in cash and cash equivalents
$357.3M
$1.6B
$125.8M
($206.6M)
Cash and cash equivalents at end of year
$3.0B
$2.6B
$1.0B
$882.3M
Cash paid for interest
$112.0M
$43.2M
$34.9M
$21.1M
Cadence Design Systems Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Cash and cash equivalents at beginning of period
$3.0B
$3.0B
$2.6B
$2.6B
Net income
$702.7M
$335.7M
$720.8M
$433.6M
Depreciation and amortization
$201.6M
$84.6M
$163.3M
$106.6M
Stock-based compensation
$285.1M
$138.2M
$342.0M
$225.9M
Gain on divestitures and investments, net
($85.8M)
($13.9M)
($22.1M)
($36.7M)
Deferred income taxes
$76.2M
$73.1M
$89.8M
$3.2M
ROU asset amortization and change in operating lease liabilities
$1.1M
($250.0K)
$1.7M
$2.6M
Other non-cash items
$3.9M
$1.6M
$4.7M
$3.5M
Receivables
($38.3M)
($18.5M)
($90.7M)
($11.2M)
Inventories
($107.0M)
($31.4M)
($60.9M)
$7.5M
Prepaid expenses and other
$56.3M
$9.1M
($14.8M)
($24.2M)
Other assets
($20.5M)
($1.9M)
$5.8M
$12.2M
Accounts payable and accrued liabilities
($255.5M)
($232.6M)
($23.2M)
$115.6M
Deferred revenue
$169.7M
$20.4M
$44.5M
$21.8M
Other long-term liabilities
$1.2M
($8.4M)
$14.5M
$4.0M
Net cash provided by operating activities
$990.7M
$355.8M
$1.2B
$864.6M
Purchases of investments
($39.9M)
($29.1M)
($35.2M)
($21.6M)
Proceeds from the sale and maturity of investments
$162.9M
$40.4M
$3.5M
$2.0M
Proceeds from the sale of IP and other assets
$0
$0
$11.5M
$11.5M
Purchases of property, plant and equipment
($101.4M)
($48.8M)
($100.8M)
($67.1M)
Purchases of intangible assets
($7.0M)
—
—
—
Cash paid in business combinations, net of cash acquired
($2.1B)
($2.1B)
($250.7M)
($122.1M)
Net cash used for investing activities
($2.1B)
($2.1B)
($371.7M)
($197.4M)
Proceeds from revolving credit facility
$600.0M
$425.0M
—
—
Payments on revolving credit facility
($600.0M)
—
—
—
Proceeds from issuance of common stock
$88.8M
$72.6M
$138.1M
$78.3M
Stock received for payment of employee taxes on vesting of restricted stock
($140.7M)
($123.1M)
($148.1M)
($94.3M)
Payments for repurchases of common stock
($400.0M)
($200.0M)
($725.0M)
($525.0M)
Net cash used for financing activities
($451.9M)
$174.5M
($735.1M)
($541.0M)
Effect of exchange rate changes on cash and cash equivalents