Cadence Design Systems, Inc. (CDNS) — Financial statements
Income statement, balance sheet, and cash flow for Cadence Design Systems, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,297↑14.1% | 4,641↑13.5% | 4,090↑14.8% | 3,562↑19.2% | 2,988 | |
| Cost of Revenue | 722↑11.5% | 648↑48.8% | 435↑17.1% | 372↑21.0% | 307 | |
| Gross Profit | 4,575↑14.5% | 3,994↑9.3% | 3,655↑14.6% | 3,190↑19.0% | 2,681 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,769↑14.2% | 1,549↑7.4% | 1,442↑15.2% | 1,252↑10.3% | 1,134 | |
| General & Administrative Expenses | 313↑14.4% | 274↑13.0% | 242↑0.1% | 242↑28.1% | 189 | |
| Selling & Marketing Expenses | 803↑6.0% | 757↑9.7% | 690↑14.2% | 604↑7.8% | 560 | |
| SG&A Expenses | 1,116↑8.2% | 1,031↑10.6% | 933↑10.2% | 846↑13.0% | 749 | |
| Other Expenses | 40↓26.2% | 54↑85.6% | 29↑57.5% | 19↓0.4% | 19 | |
| Operating Expenses | 2,925↑10.7% | 2,643↑10.0% | 2,404↑13.6% | 2,116↑11.3% | 1,902 | |
| Total Costs & Expenses | 3,647↑10.8% | 3,291↑15.9% | 2,839↑14.1% | 2,488↑12.6% | 2,209 | |
| Operating Results | ||||||
| Operating Income | 1,650↑22.1% | 1,351↑8.0% | 1,251↑16.5% | 1,074↑37.8% | 779 | |
| Depreciation & Amortization | 234↑19.9% | 195↑33.8% | 146↑7.6% | 135↑3.6% | 131 | |
| EBITDA | 1,872↑12.3% | 1,667↑13.9% | 1,464↑21.6% | 1,204↑31.4% | 916 | |
| EBIT | 1,639↑11.3% | 1,472↑11.7% | 1,318↑23.4% | 1,068↑36.0% | 785 | |
| Interest & Other Income | ||||||
| Net Interest Income | -15↓10.7% | -14↓106.4% | -7↑49.0% | -13↑10.5% | -14 | |
| Interest Income | 102↑62.6% | 62↑110.8% | 30↑193.5% | 10↑283.4% | 3 | |
| Interest Expense | 117↑53.3% | 76↑110.0% | 36↑57.8% | 23↑35.1% | 17 | |
| Non-Operating Income | 11↑109.2% | -121↓81.0% | -67↓1341.2% | 5↑185.2% | -6 | |
| Other Income / Expenses | -128↓383.5% | 45↑46.8% | 31↑208.4% | -28↓165.8% | -11 | |
| Income Before Tax | 1,522↑9.0% | 1,396↑8.9% | 1,282↑22.6% | 1,045↑36.0% | 768 | |
| Income Tax Expense | 413↑21.4% | 340↑41.3% | 241↑22.6% | 196↑171.0% | 72 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,109↑5.1% | 1,055↑1.4% | 1,041↑22.6% | 849↑22.0% | 696 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,109↑5.1% | 1,055↑1.4% | 1,041↑22.6% | 849↑22.0% | 696 | |
| Bottom-Line Net Income | 1,109↑5.1% | 1,055↑1.4% | 1,041↑22.6% | 849↑22.0% | 696 | |
| EPS (Basic) | 4.09↑5.1% | 3.89↑0.8% | 3.86↑23.3% | 3.13↑23.2% | 2.54 | |
| EPS (Diluted) | 4.06↑5.5% | 3.85↑0.8% | 3.82↑23.6% | 3.09↑23.6% | 2.50 | |
| Weighted Average Shares | 271↑0.0% | 271↑0.7% | 269↓0.7% | 271↓0.8% | 274 | |
| Weighted Average Diluted Shares | 273↓0.2% | 274↑0.4% | 273↓0.8% | 275↓1.4% | 279 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.