Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
319.92
+8.49 (2.73%)
At close: Nov 6, 2026, 4:00 PM EST
318.88
-1.04 (-0.33%)
After-hours: Nov 6, 2026, 7:59 PM EST
Cadence Design Systems Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
| 6,132 | 5,297 | 4,641 | 4,090 | 3,562 | 2,988 | |
Revenue Growth | 17.64% | 14.12% | 13.48% | 14.83% | 19.19% | 11.38% |
Cost of Revenue | 878.24 | 722.25 | 647.5 | 435.04 | 371.62 | 307.01 |
Gross Profit | 5,254 | 4,575 | 3,994 | 3,655 | 3,190 | 2,681 |
Selling, General & Admin | 1,276 | 1,086 | 1,017 | 920.65 | 836.24 | 746.68 |
Research & Development | 2,042 | 1,769 | 1,549 | 1,442 | 1,252 | 1,134 |
Amortization of Goodwill & Intangibles | 99.88 | 39.94 | 30.38 | 18.16 | 18.47 | 19.64 |
Operating Expenses | 3,418 | 2,894 | 2,596 | 2,381 | 2,106 | 1,901 |
Operating Income | 1,836 | 1,680 | 1,397 | 1,274 | 1,084 | 780.64 |
Interest Expense | -126.56 | -116.54 | -76 | -36.19 | -22.93 | -16.98 |
Interest & Investment Income | 62.17 | 101.58 | 62.48 | 29.64 | 10.1 | 2.63 |
Currency Exchange Gain (Loss) | -14.93 | -36.09 | -0.97 | -5.49 | -0.46 | -2.79 |
Other Non Operating Income (Expenses) | -0.94 | -2.07 | -1.2 | -2.71 | -0.86 | 5.9 |
EBT Excluding Unusual Items | 1,756 | 1,627 | 1,382 | 1,260 | 1,070 | 769.41 |
Merger & Restructuring Charges | -62.06 | -59.69 | -38.37 | -23.11 | -10.16 | -1.55 |
Gain (Loss) on Sale of Investments | 146.19 | 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 | 1,840 | 1,522 | 1,396 | 1,282 | 1,045 | 768.44 |
Income Tax Expense | 459.01 | 413.16 | 340.34 | 240.78 | 196.41 | 72.48 |
Net Income | 1,381 | 1,109 | 1,055 | 1,041 | 848.95 | 695.96 |
Net Income to Common | 1,381 | 1,109 | 1,055 | 1,041 | 848.95 | 695.96 |
Net Income Growth | 30.13% | 5.06% | 1.38% | 22.64% | 21.98% | 17.83% |
Shares Outstanding (Basic) | 273 | 271 | 271 | 269 | 271 | 274 |
Shares Outstanding (Diluted) | 275 | 273 | 274 | 273 | 275 | 279 |
Shares Change | 0.32% | -0.19% | 0.40% | -0.82% | -1.38% | -0.28% |
EPS (Basic) | 5.06 | 4.09 | 3.89 | 3.86 | 3.13 | 2.54 |
EPS (Diluted) | 5.03 | 4.06 | 3.85 | 3.82 | 3.09 | 2.50 |
EPS Growth | 29.62% | 5.46% | 0.78% | 23.63% | 23.60% | 18.48% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,764 | 1,587 | 1,118 | 1,247 | 1,119 | 1,036 |
Free Cash Flow Per Share | 6.42 | 5.81 | 4.08 | 4.57 | 4.07 | 3.71 |
Gross Margin | 85.68% | 86.36% | 86.05% | 89.36% | 89.57% | 89.73% |
Operating Margin | 29.94% | 31.72% | 30.11% | 31.16% | 30.43% | 26.12% |
Profit Margin | 22.52% | 20.94% | 22.74% | 25.46% | 23.84% | 23.29% |
Free Cash Flow Margin | 28.76% | 29.96% | 24.09% | 30.48% | 31.41% | 34.66% |
EBITDA | 2,220 | 1,908 | 1,594 | 1,420 | 1,216 | 922.95 |
EBITDA Margin | 36.21% | 36.02% | 34.35% | 34.71% | 34.14% | 30.89% |
D&A For EBITDA | 384.72 | 227.83 | 196.94 | 145.29 | 132.09 | 142.31 |
EBIT | 1,836 | 1,680 | 1,397 | 1,274 | 1,084 | 780.64 |
EBIT Margin | 29.94% | 31.72% | 30.11% | 31.16% | 30.43% | 26.12% |
Effective Tax Rate | 24.95% | 27.15% | 24.38% | 18.78% | 18.79% | 9.43% |
Revenue as Reported | 6,132 | 5,297 | 4,641 | 4,090 | 3,562 | 2,988 |