CDNS
$319.87-1.84%
as of close, Oct 20, 2026
☾ AH $319.87 -1.84%
CDNS financial statements
The full income statement, balance sheet, and cash-flow statement for Cadence Design Systems Inc. (CDNS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 273.8M2024-09 274.3M2024-12 274.1M2025-03 273.0M2025-06 272.5M2025-09 272.2M2025-12 272.7M2026-03 275.8M2026-06 275.4M+0.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| Revenue | 5.30B+14.1% | 4.64B+13.5% | 4.09B+14.8% | 3.56B+19.2% | 2.99B+11.4% | 2.68B+14.8% | |
| Selling, general & administrative | 313M+14.4% | 274M+13.0% | 242M+0.1% | 242M+28.1% | 189M+22.4% | 154M+10.5% | |
| General & administrative | 313M+14.4% | 274M+13.0% | 242M+0.1% | 242M+28.1% | 189M+22.4% | 154M+10.5% | |
| Selling & marketing | 803M+6.0% | 757M+9.7% | 690M+14.2% | 604M+7.8% | 560M+8.5% | 516M+7.2% | |
| Restructuring | 29.2M+22.8% | 23.8M+115.8% | 11.0M+19923.6% | 55.0K+105.2% | -1.05M-111.4% | 9.21M+6.9% | |
| Amortization of intangibles | 39.9M+31.5% | 30.4M+67.2% | 18.2M-1.7% | 18.5M-6.0% | 19.6M+9.1% | 18.0M+48.5% | |
| Provision for credit losses | 829K-60.1% | 2.08M-37.5% | 3.33M+1529.9% | 204K-61.1% | 525K-67.8% | 1.63M+157.6% | |
| Operating income | 1.49B+10.5% | 1.35B+8.0% | 1.25B+16.5% | 1.07B+37.8% | 779M+20.7% | 646M+31.3% | |
| Interest expense | 117M+53.3% | 76.0M+110.0% | 36.2M+57.8% | 22.9M+35.1% | 17.0M-18.2% | 20.7M+10.2% | |
| Interest & investment income | 102M+62.6% | 62.5M+110.8% | 29.6M+193.5% | 10.1M+283.4% | 2.63M-31.0% | 3.82M-59.9% | |
| Other non-operating income | 147M+21.1% | 121M+81.0% | 66.9M+1341.2% | -5.39M-185.2% | 6.33M-20.4% | 7.95M+32.4% | |
| Equity-method income | — | — | 2.70M-25.0% | 3.60M+227.3% | 1.10M+123.9% | -4.60M+33.3% | |
| Gain (loss) on equity securities | 57.8M+16.4% | 49.7M+43.3% | 34.7M+749.4% | -5.34M | — | — | |
| Pre-tax income | 1.52B+9.0% | 1.40B+8.9% | 1.28B+22.6% | 1.05B+36.0% | 768M+21.4% | 633M+32.1% | |
| Income tax | 413M+21.4% | 340M+41.3% | 241M+22.6% | 196M+171.0% | 72.5M+72.1% | 42.1M+108.3% | |
| Net income | 1.11B+5.1% | 1.06B+1.4% | 1.04B+22.6% | 849M+22.0% | 696M+17.8% | 591M-40.3% | |
| $4.06+5.5% | $3.85+0.8% | $3.82+23.6% | $3.09+23.6% | $2.50+18.5% | $2.11-40.2% | ||
| EPS (basic) | $4.09+5.1% | $3.89+0.8% | $3.86+23.3% | $3.13+23.2% | $2.54+17.6% | $2.16-40.3% | |
| Weighted-avg shares (basic) | 271M+0.0% | 271M+0.7% | 269M-0.7% | 271M-0.8% | 274M-0.1% | 274M+0.2% | |
| Weighted-avg shares (diluted) | 273M-0.2% | 274M+0.4% | 273M-0.8% | 275M-1.4% | 279M-0.3% | 280M-0.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| 4.67B+16.3% | 4.02B+103.2% | 1.98B+15.8% | 1.71B-0.5% | 1.72B+16.0% | 1.48B+26.4% | ||
| Cash & equivalents | 3.00B+13.5% | 2.64B+162.3% | 1.01B+14.3% | 882M-19.0% | 1.09B+17.3% | 928M+31.7% | |
| Short-term investments | 154M+9.7% | 141M+7.9% | 130M+2803.3% | 4.49M | — | — | |
| Accounts receivable | 945M+38.9% | 680M+39.1% | 489M+0.5% | 487M+44.2% | 338M-0.3% | 338M+11.1% | |
| Inventory | 304M+17.8% | 258M+41.9% | 182M+41.9% | 128M+10.6% | 116M+52.4% | 76.0M+36.1% | |
| Prepaid expenses | 420M-3.2% | 434M+46.0% | 297M+41.7% | 210M+20.9% | 174M+27.9% | 136M+30.8% | |
| 10.2B+13.1% | 8.97B+58.3% | 5.67B+10.4% | 5.14B+17.1% | 4.39B+11.0% | 3.95B+17.7% | ||
| Property, plant & equipment | 517M+12.8% | 458M+13.6% | 403M+8.6% | 371M+21.4% | 306M-1.7% | 311M+12.8% | |
| Operating lease right-of-use | 176M+20.4% | 146M-3.1% | 151M-11.5% | 170M+30.9% | 130M-2.4% | 133M+32.9% | |
| Goodwill | 2.75B+15.6% | 2.38B+54.9% | 1.54B+11.8% | 1.37B+48.0% | 928M+18.7% | 782M+18.2% | |
| Intangible assets | 718M+20.8% | 595M+76.6% | 337M-5.0% | 355M+52.0% | 233M+10.8% | 211M+22.2% | |
| Long-term investments | 67.5M-45.6% | 124M | — | — | — | — | |
| Deferred tax assets | 918M-6.5% | 982M+11.6% | 880M+3.1% | 854M+11.8% | 764M+4.3% | 732M-0.0% | |
| Other non-current assets | 338M+23.1% | 274M+10.6% | 248M+33.5% | 186M+2.4% | 182M+6.5% | 171M+59.6% | |
| 1.64B+19.4% | 1.37B-13.9% | 1.59B+18.0% | 1.35B+38.8% | 971M+21.9% | 797M+18.5% | ||
| Accrued liabilities | 857M+35.4% | 633M+9.7% | 577M+3.5% | 557M+33.5% | 417M+19.2% | 350M+10.4% | |
| Deferred revenue | 778M+5.6% | 737M+10.9% | 665M-3.7% | 691M+24.7% | 554M+24.0% | 447M+25.7% | |
| Current lease liability | 49.9M+20.1% | 41.6M-0.2% | 41.6M+13.3% | 36.7M+45.4% | 25.3M-25.5% | 33.9M+32.7% | |
| Deferred revenue (non-current) | 156M+35.5% | 115M+16.4% | 98.9M+8.1% | 91.5M-9.5% | 101M-5.5% | 107M+45.9% | |
| Non-current lease liability | 136M+25.2% | 109M-5.6% | 115M-17.2% | 139M+30.1% | 107M-6.0% | 114M+34.4% | |
| Operating lease liability (total) | 186M+23.7% | 150M-4.2% | 157M-10.8% | 176M+33.0% | 132M-10.4% | 148M+34.0% | |
| Deferred tax liabilities | 48.0M | — | — | — | — | — | |
| Other non-current liabilities | 408M+20.1% | 339M+23.1% | 276M-9.5% | 305M+35.0% | 226M+9.0% | 207M+27.4% | |
| Total non-current liabilities | 3.04B+3.9% | 2.93B+334.6% | 674M-35.4% | 1.04B+54.8% | 674M+2.0% | 661M+13.6% | |
| 5.47B+17.1% | 4.67B+37.3% | 3.40B+24.0% | 2.75B+0.2% | 2.74B+9.9% | 2.49B+18.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Retained earnings | 7.10B+18.5% | 5.99B+21.4% | 4.94B+26.7% | 3.90B+27.9% | 3.05B+29.6% | 2.35B+33.4% | |
| Treasury stock | 6.34B+19.5% | 5.31B+15.3% | 4.60B+20.4% | 3.82B+39.6% | 2.74B+33.2% | 2.06B+23.4% | |
| Accumulated other comprehensive income | -1.80M+99.1% | -190M-101.0% | -94.8M-3.4% | -91.6M-175.1% | -33.3M-91.2% | -17.4M+52.8% | |
| Total liabilities & equity | 10.2B+13.1% | 8.97B+58.3% | 5.67B+10.4% | 5.14B+17.1% | 4.39B+11.0% | 3.95B+17.7% | |
| Common shares issued | 272M-0.7% | 274M+0.8% | 272M-0.4% | 273M-1.5% | 277M-0.8% | 279M-0.3% | |
| Common shares outstanding | 272M-0.7% | 274M+0.8% | 272M-0.4% | 273M-1.5% | 277M-0.8% | 279M-0.3% | |
| Shares outstanding (cover) | 273M-0.5% | 274M+0.7% | 272M-0.3% | 273M-1.6% | 277M-0.6% | 279M-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| 1.73B+37.1% | 1.26B-6.6% | 1.35B+8.6% | 1.24B+12.8% | 1.10B+21.7% | 905M+24.0% | ||
| Depreciation & amortization | 228M+15.7% | 197M+35.5% | 145M+10.0% | 132M-7.2% | 142M-2.3% | 146M+18.6% | |
| Intangible amortization | 39.9M+31.5% | 30.4M+67.2% | 18.2M-1.7% | 18.5M-6.0% | 19.6M+9.1% | 18.0M+48.5% | |
| Share-based compensation | 455M+16.3% | 391M+20.1% | 326M+20.4% | 270M+28.7% | 210M+6.5% | 197M+8.7% | |
| Deferred income taxes | 66.0M+151.3% | -129M-252.6% | -36.5M+66.1% | -108M-149.2% | -43.2M-65.3% | -26.1M+95.5% | |
| Change in inventory | 91.0M+10.0% | 82.8M+25.6% | 65.9M+185.6% | 23.1M-40.9% | 39.0M+51.9% | 25.7M-22.2% | |
| -461M+45.0% | -837M-103.1% | -412M+44.2% | -739M-152.1% | -293M-0.3% | -292M-176.4% | ||
| Capital expenditure | 142M-0.5% | 143M+39.3% | 102M-16.9% | 123M+88.7% | 65.3M-31.1% | 94.8M+27.1% | |
| Free cash flow | 1.59B+41.9% | 1.12B-10.3% | 1.25B+11.5% | 1.12B+8.0% | 1.04B+27.8% | 810M+23.7% | |
| Acquisitions | 430M-41.8% | 738M+271.9% | 198M-67.7% | 614M+171.3% | 226M+14.5% | 198M+58350.3% | |
| Purchases of investments | 40.9M+720.9% | 4.98M-97.2% | 176M+17517.0% | 1.00M | 0.00 | 0.00-100.0% | |
| -949M-176.6% | 1.24B+254.2% | -804M-22.3% | -657M-2.1% | -644M-55.0% | -415M+6.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 146M-28.6% | 204M+53.6% | 133M+26.2% | 105M+20.0% | 87.8M+17.3% | 74.8M+41.6% | |
| Common stock repurchased | 925M+68.2% | 550M-21.4% | 700M-33.3% | 1.05B+71.5% | 612M+61.1% | 380M+24.1% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 38.0M+241.8% | -26.8M-256.0% | -7.53M+85.8% | -52.8M-1326.2% | -3.70M-114.4% | 25.7M+418.1% | |
| Net change in cash | 357M-78.2% | 1.64B+1200.1% | 126M+160.9% | -207M-228.7% | 161M-28.1% | 223M+29.8% | |
| Interest paid | 112M+159.0% | 43.2M+23.7% | 34.9M+65.4% | 21.1M+32.4% | 15.9M-19.4% | 19.8M+10.9% | |
| Income taxes paid | 247M-51.5% | 510M+101.0% | 254M+8.8% | 233M+59.3% | 146M+38.2% | 106M+152.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| Market cap | 85.2B+3.5% | 82.4B+11.1% | 74.1B+68.2% | 44.1B-14.7% | 51.6B+35.7% | 38.1B+92.9% | |
| P/E | 76.9×-1.5% | 78.0×+0.8% | 77.4×+37.9% | 56.1×-24.7% | 74.5×+110.8% | 35.3×-23.3% | |
| P/S | 16.1×-9.3% | 17.7×-6.1% | 18.9×+47.3% | 12.8×-26.1% | 17.4×+15.1% | 15.1×+76.4% | |
| P/B | 15.6×-11.7% | 17.6×-25.9% | 23.8×+46.2% | 16.3×-17.1% | 19.6×+23.6% | 15.9×+19.2% | |
| P/FCF | 53.7×-27.1% | 73.7×+22.8% | 60.0×+48.7% | 40.3×-26.6% | 55.0×+21.0% | 45.4×+46.2% | |
| Earnings yield | 1.3%+1.5% | 1.3%-0.8% | 1.3%-27.5% | 1.8%+32.8% | 1.3%-52.6% | 2.8%+30.4% | |
| FCF yield | 1.9%+37.2% | 1.4%-18.6% | 1.7%-32.8% | 2.5%+36.3% | 1.8%-17.4% | 2.2%-31.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A |
About this data
Source: CDNS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CDNS filings on SEC EDGAR → Not investment advice.