Cadence Design Systems

Information Technology Application Software San Jose, California Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$5.3B
                    3y CAGR +14.1%
                    
                    P77
                    
                    +14.1%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +20.9%
                    
                    P69
                    
                    +5.1%
                    
                    Total assets
                    FY2025
                
$10.2B
                    ROA +10.9%
                    
                    P62
                    
                    +13.1%
                    
                    Operating cash flow
                    FY2025
                
$1.7B
                    FCF margin +30.0%
                    
                    P75
                    
                    +37.1%

18 yrs · FY2008–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 5 years

Total assets $10.2B

Total liabilities ~$4.7B

Shareholders equity $5.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+28.8%	+34.4%	-3.8%	-19.0%	—
Accounts Receivable	+29.3%	+26.3%	+20.4%	+44.2%	—
Inventory	+27.3%	+30.6%	+25.3%	+10.6%	—
Prepaid Expenses	+24.7%	+35.7%	+30.9%	+20.9%	—
Total Current Assets	+28.4%	+32.8%	+7.3%	-0.5%	—
Property,Plant and Equipment	+14.0%	+14.4%	+14.8%	+21.4%	—
Goodwill	+31.2%	+36.8%	+28.6%	+48.0%	—
Intangible Assets	+32.5%	+36.6%	+20.2%	+52.0%	—
Deferred Tax Assets	+4.7%	+8.7%	+7.3%	+11.8%	—
Other Noncurrent Assets	+7.3%	+7.4%	+10.6%	+8.4%	—
Total Assets	+23.3%	+27.0%	+13.7%	+17.1%	—
Liabilities
Accounts Payable	+19.7%	+14.9%	+17.5%	+33.5%	—
Deferred Revenue	+8.9%	+10.0%	+9.6%	+24.7%	—
Total Current Liabilities	+13.9%	+12.2%	+28.0%	+38.8%	—
Deferred Revenue Noncurrent	+11.4%	+4.4%	-1.1%	-9.5%	—
Other Noncurrent Liabilities	+49.8%	+70.0%	+0.2%	+66.2%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+17.6%	+19.2%	+13.3%	+12.1%	—
Retained Earnings	+23.6%	+25.3%	+27.3%	+27.9%	—
Treasury Stock	+23.4%	+24.7%	+29.6%	+39.6%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+18.9%	+19.5%	+11.5%	+0.2%	—
Total Liabilitiesand Equity	+23.3%	+27.0%	+13.7%	+17.1%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $5.3B

Operating income $1.5B

Net income $1.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+15.4%	+15.8%	+17.0%	+19.2%	—
Expenses Research and Development	+11.7%	+10.9%	+12.7%	+10.3%	—
Expenses Selling,General and Administrative	+10.5%	+11.2%	+11.6%	+13.0%	—
Expenses Depreciation and Amortization	+19.4%	+15.6%	-3.8%	-6.0%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Other Operating Expenses	—	—	—	—	—
Other Income Expense Operating Income	+17.6%	+20.1%	+26.7%	+37.8%	—
Other Income Expense Interest Expense	+61.9%	+64.8%	+46.0%	+35.1%	—
Other Income Expense Other Income/expense	+119.4%	+167.5%	+225.2%	—	—
Other Income Expense Income Before Tax	+18.6%	+22.0%	+29.2%	+36.0%	—
Income Tax Income Tax Expense	+54.5%	+67.5%	+82.3%	+171.0%	—
net Income net Income	+12.4%	+14.9%	+22.3%	+22.0%	—
net Income Comprehensive Income	+17.5%	+12.2%	+23.5%	+16.3%	—
Earnings Per Share Basic Eps	+12.6%	+15.3%	+23.3%	+23.2%	—
Earnings Per Share Diluted Eps	+12.9%	+15.5%	+23.6%	+23.6%	—
Earnings Per Share Weighted Average Shares Diluted	-0.5%	-0.6%	-1.1%	-1.4%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $1.7B

Investing cash flow $-460.5M

Financing cash flow $-949.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+12.4%	+14.9%	+22.3%	+22.0%	—
Operating Activities Depreciation and Amortization	+12.5%	+11.4%	+1.0%	—	—
Operating Activities Stock Based Compensation	+21.3%	+23.0%	+24.5%	+28.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	-17.5%	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+11.9%	+4.6%	+10.7%	+12.8%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+475.4%	+621.0%	+2149.6%	+185.9%	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+13.5%	+32.5%	+23.1%	+20.0%	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	+22.1%	+116.8%	-11.5%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+28.2%	+29.1%	+30.6%	+30.1%	+26.1%
Net margin	+20.9%	+22.7%	+25.5%	+23.8%	+23.3%
FCF margin	+30.0%	+24.1%	+30.5%	+31.4%	+34.7%
Growth
Revenue CAGR (3y)	+14.1%	+15.8%	+15.1%	+15.1%	+11.8%
Returns
ROE	+20.3%	+22.6%	+30.6%	+30.9%	+25.4%
ROA	+10.9%	+11.8%	+18.4%	+16.5%	+15.9%
ROIC	—	—	+37.0%	+44.4%	—
Liquidity
Current ratio	2.86x	2.93x	1.24x	1.27x	1.77x
Quick ratio	2.41x	2.43x	0.94x	1.02x	1.47x
Leverage
D/E	0.85x	0.92x	0.67x	0.87x	0.60x
Interest coverage	12.80x	17.77x	34.58x	46.82x	45.88x
Efficiency
Asset turnover	0.52x	0.52x	0.72x	0.69x	0.68x
Cash conversion cycle	—	—	—	—	—

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Cadence Design Systems

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