Cadence Design Systems, Inc. (CDNS) Financial Statements

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Cadence Design Systems financial statements at a glance

Cadence Design Systems reported revenue of $5.30 billion for fiscal year 2025 (ended December 31, 2025), up 14.1% from fiscal year 2024. Net income was $1.11 billion, a net margin of 20.9%, and diluted earnings per share were $4.06.

At the end of fiscal year 2025 it had total assets of $10.15 billion, total liabilities of $4.68 billion and shareholders' equity of $5.47 billion, with cash and short-term investments of $3.16 billion and total debt of $2.62 billion.

Its operations brought in $1.73 billion of cash; capital spending was $141.87 million, leaving free cash flow of $1.59 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

CDNS logo

Cadence Design Systems, Inc.

CDNSUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.30B
Prev Year: 4.64B
YoY: +14.1%
Operating Revenue
5.30B
Prev Year: 4.64B
YoY: +14.1%
Tax Rate for Calcs
0.271
Prev Year: 0
Tax Effect of Unusual Items
-30.00M
Prev Year: 8.79M
YoY: -441.5%
Weighted Average Shares (diluted)
273.31M
Prev Year: 273.83M
YoY: -0.2%
Weighted Average Shares (basic)
271.33M
Prev Year: 271.21M
YoY: +0.0%
Diluted EPS
4.06
Prev Year: 3.85
YoY: +5.5%
Basic EPS
4.09
Prev Year: 3.89
YoY: +5.1%
Gain on Sale of Property, Plant and Equipment
11.50M
Other Special Charges
128.54M
Amortization
39.94M
Prev Year: 30.38M
YoY: +31.5%
Amortization of Intangibles
39.94M
Prev Year: 30.38M
YoY: +31.5%
Cost of Revenue
722.25M
Prev Year: 647.50M
YoY: +11.5%
Gross Profit
4.57B
Prev Year: 3.99B
YoY: +14.5%
Operating Expense
2.92B
Prev Year: 2.62B
YoY: +11.7%
Selling General and Administrative
1.12B
Prev Year: 1.04B
YoY: +7.3%
General and Administrative Expense
313.39M
Prev Year: 282.28M
YoY: +11.0%
Other General and Administrative
313.39M
Prev Year: 282.28M
YoY: +11.0%
Selling and Marketing Expense
802.63M
Prev Year: 757.48M
YoY: +6.0%
Research and Development
1.77B
Prev Year: 1.55B
YoY: +14.2%
Depreciation Amortization Depletion
39.94M
Prev Year: 30.38M
YoY: +31.5%
Depreciation and amortization
39.94M
Prev Year: 30.38M
YoY: +31.5%
Operating Income
1.65B
Prev Year: 1.37B
YoY: +20.0%
Net Non Operating Interest Income Expense
-14.96M
Prev Year: -13.52M
YoY: -10.7%
Non-operating Interest Income
101.58M
Prev Year: 62.48M
YoY: +62.6%
Non-operating Interest Expense
116.54M
Prev Year: 76.00M
YoY: +53.3%
Other Income Expense
-112.78M
Prev Year: 34.81M
YoY: -424.0%
Gain on Sale of Securities
35.53M
Prev Year: 59.77M
YoY: -40.6%
Special Income Charges
-146.24M
Prev Year: -23.77M
YoY: -515.4%
Restructuring and Mergers Acquisition
29.19M
Prev Year: 23.77M
YoY: +22.8%
Other Non-operating Income (expense)
-2.07M
Prev Year: -1.20M
YoY: -72.2%
Pre-tax Income
1.52B
Prev Year: 1.40B
YoY: +9.0%
Provision for Income Taxes
413.15M
Prev Year: 340.33M
YoY: +21.4%
Net Income Common Stockholders
1.11B
Prev Year: 1.06B
YoY: +5.1%
Net Income
1.11B
Prev Year: 1.06B
YoY: +5.1%
Net Income Including Non-Controlling Interests
1.11B
Prev Year: 1.06B
YoY: +5.1%
Net Income from Continuing Operations
1.11B
Prev Year: 1.06B
YoY: +5.1%
Diluted NI Available to Com Stockholders
1.11B
Prev Year: 1.06B
YoY: +5.1%
Total Operating Income as Reported
1.49B
Prev Year: 1.35B
YoY: +10.5%
Total Expenses
3.65B
Prev Year: 3.27B
YoY: +11.6%
Net Income from Continuing and Discontinued Operation
1.11B
Prev Year: 1.06B
YoY: +5.1%
Normalized Income
1.19B
Prev Year: 1.03B
YoY: +15.7%
Interest Income
101.58M
Prev Year: 62.48M
YoY: +62.6%
Interest Expense
116.54M
Prev Year: 76.00M
YoY: +53.3%
Net Interest Income
-14.96M
Prev Year: -13.52M
YoY: -10.7%
EBIT
1.64B
Prev Year: 1.47B
YoY: +11.3%
EBITDA
1.87B
Prev Year: 1.67B
YoY: +12.3%
Reconciled Cost of Revenue
528.34M
Prev Year: 482.86M
YoY: +9.4%
Reconciled Depreciation
233.84M
Prev Year: 195.01M
YoY: +19.9%
Net Income from Continuing Operation Net Minority Interest
1.11B
Prev Year: 1.06B
YoY: +5.1%
Total Unusual Items Excluding Goodwill
-110.71M
Prev Year: 36.01M
YoY: -407.5%
Total Unusual Items
-110.71M
Prev Year: 36.01M
YoY: -407.5%
Normalized EBITDA
1.98B
Prev Year: 1.63B
YoY: +21.6%
Values in USD

Cadence Design Systems key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.3B$4.6B$4.1B$3.6B$3.0B
Gross profit$4.6B$4.0B$3.7B$3.2B$2.7B
Operating income$1.6B$1.4B$1.3B$1.1B$778.0M
Net income$1.1B$1.1B$1.0B$849.0M$696.0M
Diluted EPS$4.06$3.85$3.82$3.09$2.50
Total assets$10.2B$9.0B$5.7B$5.1B$4.4B
Total liabilities$4.7B$4.3B$2.3B$2.4B$1.6B
Shareholders' equity$5.5B$4.7B$3.4B$2.7B$2.7B
Cash and short-term investments$3.2B$2.8B$1.1B$886.8M$1.1B
Total debt$2.6B$2.6B$764.4M$887.4M$454.7M
Operating cash flow$1.7B$1.3B$1.3B$1.2B$1.1B
Capital spending$141.9M$142.5M$102.5M$124.2M$66.9M
Free cash flow$1.6B$1.1B$1.2B$1.1B$1.0B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Cadence Design Systems's revenue in fiscal year 2025?

$5.30 billion, up 14.1% from $4.64 billion in fiscal year 2024.

How much profit does Cadence Design Systems make?

Cadence Design Systems reported net income of $1.11 billion for fiscal year 2025 (20.9% of revenue); operating income was $1.65 billion.

How much cash and debt does Cadence Design Systems have?

At the end of fiscal year 2025: cash and short-term investments of $3.16 billion and total debt of $2.62 billion.

What is Cadence Design Systems's free cash flow?

$1.59 billion in fiscal year 2025 (operating cash flow of $1.73 billion minus capital spending of $141.87 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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