CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ · Technology · Software - Application · US
$341.32
−0.33%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 6.1B | 5.3B | 4.6B | 4.1B | 3.6B |
| Cost of Revenue | 878.2M | 722.2M | 647.5M | 435.0M | 371.6M |
| Gross Profit | 5.3B | 4.6B | 4.0B | 3.7B | 3.2B |
| Operating Expenses | |||||
| R&D Expense | 2.0B | 1.8B | 1.5B | 1.4B | 1.3B |
| SG&A Expense | 1.3B | 1.1B | 1.0B | 932.7M | 846.3M |
| General & Admin Expense | 393.0M | 313.4M | 274.0M | 242.4M | 242.1M |
| Selling & Marketing Expense | 901.8M | 802.6M | 757.5M | 690.3M | 604.2M |
| Other Expenses | 142.0M | 39.9M | 54.1M | 29.2M | 18.5M |
| Total Operating Expenses | 3.5B | 2.9B | 2.6B | 2.4B | 2.1B |
| Cost and Expenses | 4.4B | 3.6B | 3.3B | 2.8B | 2.5B |
| Operating Income (EBIT) | 1.8B | 1.6B | 1.4B | 1.3B | 1.1B |
| Non-Operating | |||||
| Interest Income | 53.0M | 101.6M | 62.5M | 29.6M | 10.1M |
| Interest Expense | 126.6M | 116.5M | 76.0M | 36.2M | 22.9M |
| Net Interest Income | (73.6M) | (15.0M) | (13.5M) | (6.5M) | (12.8M) |
| Other Non-Op Income/Expense | 64.4M | (127.7M) | 45.1M | 30.7M | (28.3M) |
| Non-Operating Income (excl Interest) | (191.0M) | 11.2M | (121.1M) | (66.9M) | 5.4M |
| EBT (Pre-Tax Income) | 1.8B | 1.5B | 1.4B | 1.3B | 1.0B |
| Income Tax Expense | 459.0M | 413.2M | 340.3M | 240.8M | 196.4M |
| Bottom Line | |||||
| Net Income | 1.4B | 1.1B | 1.1B | 1.0B | 849.0M |
| Earnings from Cont. Ops | 1.4B | 1.1B | 1.1B | 1.0B | 849.0M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 1.4B | 1.1B | 1.1B | 1.0B | 849.0M |
| Per Share | |||||
| Basic EPS | $5.06 | $4.09 | $3.89 | $3.86 | $3.13 |
| Diluted EPS | $5.03 | $4.06 | $3.85 | $3.82 | $3.09 |
| Revenue Per Share | $22.40 | $19.52 | $17.11 | $15.18 | $13.13 |
| Shares | |||||
| Basic Shares Outstanding | 273.7M | 271.3M | 271.2M | 269.4M | 271.2M |
| Diluted Shares Outstanding | 275.3M | 273.3M | 273.8M | 272.7M | 275.0M |
| Profitability Metrics | |||||
| EBITDA | 2.4B | 1.9B | 1.7B | 1.5B | 1.2B |
| D&A | 390.1M | 233.8M | 195.0M | 145.3M | 135.4M |
| EBIT | 2.0B | 1.6B | 1.5B | 1.3B | 1.1B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026