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	1,116	1,031	932.75	846.34	749.28
Depreciation & Amortization Expenses	39.94	30.38	18.16	18.47	19.64
Research & Development	1,769	1,549	1,442	1,252	1,134
Other Operating Expenses	157.74	32.09	11.01	0.06	-1.05
Operating Income	1,492	1,351	1,251	1,074	779.09
Interest Expense	-116.54	-76	-36.19	-22.93	-16.98
Other Non-Operating Income (Expense)	146.54	121.06	66.89	-5.39	6.33
Total Non-Operating Income (Expense)	30	45.06	30.7	-28.32	-10.65
Pretax Income	1,522	1,396	1,282	1,045	768.44
Provision for Income Taxes	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	275	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	3.09	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 Growth	41.94%	-10.33%	11.46%	8.02%	27.84%
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	28.17%	29.10%	30.59%	30.15%	26.07%
Profit Margin	20.94%	22.74%	25.46%	23.84%	23.29%
FCF Margin	29.96%	24.09%	30.49%	31.41%	34.66%
EBITDA	1,720	1,548	1,397	1,206	921.4
EBITDA Margin	32.47%	33.35%	34.14%	33.85%	30.83%
EBIT	1,492	1,351	1,251	1,074	779.09
EBIT Margin	28.17%	29.10%	30.59%	30.15%	26.07%
Effective Tax Rate	27.14%	24.38%	18.78%	18.79%	9.43%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.