Cadence Design Systems Inc. (CDNS) Financial Statements (2026 and earlier)

Company Profile

Business Address 2655 SEELY AVENUE BLDG 5
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1562,7851,1398821,089933
Cash and cash equivalent3,0012,6441,0088821,089928
Short-term investments154141130  4
Receivables945680489487338338
Inventory, net of allowances, customer advances and progress billings30425818212811676
Inventory30425818212811676
Prepaid expense 266293167210174 
Other undisclosed current assets     131
Total current assets:4,6704,0161,9761,7071,7161,479
Noncurrent Assets
Operating lease, right-of-use asset 176146151170130133
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization517458403371306311
Long-term investments and receivables6824    
Long-term investments 68     
Accounts and financing receivable, after allowance for credit loss 24    
Intangible asset, including goodwill, after accumulated amortization3,4672,9731,8731,7291,162993
Goodwill2,7492,3791,5361,374928782
Intangible asset, excluding goodwill, after accumulated amortization718595337355233211
Deferred income tax assets918982880854764732
Other noncurrent assets 338274248186182171
Other undisclosed noncurrent assets 100138120128132
Total noncurrent assets:5,4834,9583,6933,4302,6712,472
TOTAL ASSETS:10,1538,9745,6695,1374,3863,951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:857633577557417350
Employee-related liabilities✕✕✕✕✕254219
Accrued liabilities76362746750399131
Other undisclosed accounts payable and accrued liabilities9361105564 
Deferred revenue778737665691554447
Debt  349100  
Total current liabilities:1,6351,3701,5911,348971797
Noncurrent Liabilities
Long-term debt and lease obligation2,4802,476300648348347
Long-term debt, excluding current maturities2,4802,476300648348347
Liabilities, other than long-term debt564455375396327314
Deferred revenue1561159992101107
Other liabilities408339276305226207
Total noncurrent liabilities:3,0442,9316741,044674661
Total liabilities:4,6794,3012,2652,3921,6461,458
Equity
Equity, attributable to parent, including:5,4744,6743,4042,7452,7412,493
Treasury stock, value(6,344)(5,310)(4,604)(3,824)(2,740)(2,058)
Accumulated other comprehensive loss(2)(190)(95)(92)(33)(17)
Retained earnings7,1015,9924,9363,8953,0462,350
Other undisclosed equity, attributable to parent4,7194,1823,1672,7662,4682,218
Total equity:5,4744,6743,4042,7452,7412,493
TOTAL LIABILITIES AND EQUITY:10,1538,9745,6695,1374,3863,951

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues5,2974,6414,0903,5622,9882,683
Cost of revenue(831)(631)(420)(361)(306)(301)
Cost of product and service sold(65)(60)(44)(41)(48)(46)
Gross profit:4,4664,0103,6703,2002,6822,381
Operating expenses(2,974)(2,660)(2,419)(2,127)(1,903)(1,736)
Operating income:1,4921,3511,2511,074779646
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		14712167(5)68
Interest and debt expense   (36)(23)(17)(21)
Income from continuing operations before equity method investments, income taxes:1,6391,4721,2821,045768633
Other undisclosed loss from continuing operations before income taxes(117)(76)    
Income from continuing operations before income taxes:1,5221,3961,2821,045768633
Income tax expense(413)(340)(241)(196)(72)(42)
Income from continuing operations:1,1091,0551,041849696591
Income before gain (loss) on sale of properties:✕✕✕✕✕696591
Net income available to common stockholders, diluted:1,1091,0551,041849696591

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:1,1091,0551,041849696591
Other comprehensive income (loss)189(96)(3)(58)(16)20
Comprehensive income, net of tax, attributable to parent:1,2989601,038791680610

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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