Cadence Design Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Revenue	5,297	4,641	4,090	3,562	2,988
Revenue Growth (YoY)	14.12%	13.48%	14.83%	19.19%	11.38%
Cost of Revenue	722.25	647.5	435.04	371.62	307.01
Gross Profit	4,575	3,994	3,655	3,190	2,681
Selling, General & Admin	1,086	1,017	920.65	836.24	746.68
Research & Development	1,769	1,549	1,442	1,252	1,134
Amortization of Goodwill & Intangibles	39.94	30.38	18.16	18.47	19.64
Operating Expenses	2,894	2,596	2,381	2,106	1,901
Operating Income	1,680	1,397	1,274	1,084	780.64
Interest Expense	-116.54	-76	-36.19	-22.93	-16.98
Interest & Investment Income	101.58	62.48	29.64	10.1	2.63
Currency Exchange Gain (Loss)	-36.09	-0.97	-5.49	-0.46	-2.79
Other Non Operating Income (Expenses)	-2.07	-1.2	-2.71	-0.86	5.9
EBT Excluding Unusual Items	1,627	1,382	1,260	1,070	769.41
Merger & Restructuring Charges	-59.69	-38.37	-23.11	-10.16	-1.55
Gain (Loss) on Sale of Investments	71.62	60.74	45.45	-14.17	0.58
Gain (Loss) on Sale of Assets	11.5	-	-	-	-
Legal Settlements	-128.55	-8.32	-	-	-
Pretax Income	1,522	1,396	1,282	1,045	768.44
Income Tax Expense	413.16	340.34	240.78	196.41	72.48
Net Income	1,109	1,055	1,041	848.95	695.96
Net Income to Common	1,109	1,055	1,041	848.95	695.96
Net Income Growth	5.06%	1.38%	22.64%	21.98%	17.83%
Shares Outstanding (Basic)	271	271	269	271	274
Shares Outstanding (Diluted)	273	274	273	275	279
Shares Change (YoY)	-0.19%	0.40%	-0.82%	-1.38%	-0.28%
EPS (Basic)	4.09	3.89	3.86	3.13	2.54
EPS (Diluted)	4.06	3.85	3.82	3.09	2.50
EPS Growth	5.46%	0.78%	23.63%	23.60%	18.48%
Free Cash Flow	1,587	1,118	1,247	1,119	1,036
Free Cash Flow Per Share	5.81	4.08	4.57	4.07	3.71
Gross Margin	86.36%	86.05%	89.36%	89.57%	89.73%
Operating Margin	31.72%	30.11%	31.16%	30.43%	26.12%
Profit Margin	20.94%	22.74%	25.46%	23.84%	23.29%
Free Cash Flow Margin	29.96%	24.09%	30.48%	31.41%	34.66%
EBITDA	1,908	1,594	1,420	1,216	922.95
EBITDA Margin	36.02%	34.35%	34.71%	34.14%	30.89%
D&A For EBITDA	227.83	196.94	145.29	132.09	142.31
EBIT	1,680	1,397	1,274	1,084	780.64
EBIT Margin	31.72%	30.11%	31.16%	30.43%	26.12%
Effective Tax Rate	27.15%	24.38%	18.78%	18.79%	9.43%
Revenue as Reported	5,297	4,641	4,090	3,562	2,988

Source: S&P Global Market Intelligence. Standard template. Financial Sources.