Cadence Design Systems, Inc. (LON:0HS2)

Cadence Design Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	5,213	4,641	4,090	3,562	2,988	2,683
Revenue Growth (YoY)	19.72%	13.48%	14.83%	19.19%	11.38%	14.83%
Cost of Revenue	753.49	647.5	435.04	371.62	307.01	305.5
Gross Profit	4,459	3,994	3,655	3,190	2,681	2,377
Selling, General & Admin	1,070	1,025	920.65	836.24	746.68	668.49
Research & Development	1,696	1,549	1,442	1,252	1,134	1,034
Amortization of Goodwill & Intangibles	37.51	30.38	18.16	18.47	19.64	18.01
Operating Expenses	2,804	2,605	2,381	2,106	1,901	1,720
Operating Income	1,655	1,389	1,274	1,084	780.64	657.17
Interest Expense	-117.01	-76	-36.19	-22.93	-16.98	-20.75
Interest & Investment Income	62.48	62.48	29.64	10.1	2.63	3.82
Currency Exchange Gain (Loss)	-0.97	-0.97	-5.49	-0.46	-2.79	4.43
Other Non Operating Income (Expenses)	-153.64	-1.2	-2.71	-0.86	5.9	4.65
EBT Excluding Unusual Items	1,446	1,373	1,260	1,070	769.41	649.32
Merger & Restructuring Charges	-40.91	-38.37	-23.11	-10.16	-1.55	-11.62
Gain (Loss) on Sale of Investments	60.74	60.74	45.45	-14.17	0.58	-4.95
Pretax Income	1,466	1,396	1,282	1,045	768.44	632.75
Income Tax Expense	404.77	340.34	240.78	196.41	72.48	42.1
Net Income	1,061	1,055	1,041	848.95	695.96	590.64
Net Income to Common	1,061	1,055	1,041	848.95	695.96	590.64
Net Income Growth	2.10%	1.38%	22.64%	21.98%	17.83%	-40.28%
Shares Outstanding (Basic)	272	271	269	271	274	274
Shares Outstanding (Diluted)	274	274	273	275	279	280
Shares Change (YoY)	0.11%	0.40%	-0.82%	-1.38%	-0.28%	-0.31%
EPS (Basic)	3.91	3.89	3.86	3.13	2.54	2.16
EPS (Diluted)	3.88	3.85	3.82	3.09	2.50	2.11
EPS Growth	2.13%	0.78%	23.63%	23.60%	18.48%	-40.23%
Free Cash Flow	1,479	1,118	1,247	1,119	1,036	810.11
Free Cash Flow Per Share	5.40	4.08	4.57	4.07	3.71	2.90
Gross Margin	85.55%	86.05%	89.36%	89.57%	89.73%	88.61%
Operating Margin	31.75%	29.93%	31.16%	30.43%	26.12%	24.50%
Profit Margin	20.35%	22.74%	25.46%	23.84%	23.29%	22.02%
Free Cash Flow Margin	28.37%	24.09%	30.48%	31.41%	34.66%	30.20%
EBITDA	1,873	1,586	1,420	1,216	922.95	802.82
EBITDA Margin	35.93%	34.17%	34.71%	34.14%	30.89%	29.92%
D&A For EBITDA	217.95	196.94	145.29	132.09	142.31	145.65
EBIT	1,655	1,389	1,274	1,084	780.64	657.17
EBIT Margin	31.75%	29.93%	31.16%	30.43%	26.12%	24.50%
Effective Tax Rate	27.62%	24.38%	18.78%	18.79%	9.43%	6.65%
Revenue as Reported	5,213	4,641	4,090	3,562	2,988	2,683

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.