NASDAQ · Financial Statements

Cadence Design Systems, Inc. (CDNS) Financial Statements

$316.49 NASDAQ: CDNS Market Cap $87.16B

Cadence Design Systems, Inc. most recently reported annual revenue of $5.3B, net profit of $1.1B. Revenue grew at an average annual rate of 14.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Cadence Design Systems, Inc.: Revenue rose from $1.8B in 2016 to $5.3B in 2025, a change of +191.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 13.5% to 31.1%, a shift of +17.7 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.8B$1.9B$2.1B$2.3B$2.7B$3.0B$3.6B$4.1B$4.6B$5.3B
Operating Expenses$1.6B$1.6B$1.7B$1.8B$2.0B$2.2B$2.5B$2.8B$3.3B$3.6B
Operating Profit$245.0M$324.0M$396.0M$492.0M$646.0M$779.0M$1.1B$1.3B$1.4B$1.6B
Operating Margin13.5%16.7%18.5%21.1%24.1%26.1%30.1%30.6%29.1%31.1%
Other Income$-8.0M$-9.0M$-20.0M$-13.0M$-13.0M$-11.0M$-28.0M$31.0M$45.0M$-128.0M
Interest$24.0M$26.0M$23.0M$19.0M$21.0M$17.0M$23.0M$36.0M$76.0M$117.0M
Depreciation$120.0M$116.0M$119.0M$123.0M$150.0M$131.0M$135.0M$146.0M$195.0M$234.0M
Profit Before Tax$237.0M$315.0M$376.0M$479.0M$633.0M$768.0M$1.0B$1.3B$1.4B$1.5B
Tax$14.4M$35.2M$8.1M$-106.5M$6.7M$9.4M$18.8M$18.8M$24.4M$27.1M
Net Profit$203.0M$204.0M$346.0M$989.0M$591.0M$696.0M$849.0M$1.0B$1.1B$1.1B
EPS$0.70$0.73$1.23$3.53$2.11$2.50$3.09$3.82$3.85$4.06
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.0B$1.1B$1.0B$1.1B$1.2B$1.4B$1.2B$1.3B$1.3B$1.4B$1.5B$1.6B
Operating Expenses$730.0M$732.0M$759.0M$767.0M$865.0M$899.0M$881.0M$905.0M$886.0M$975.0M$1.0B$1.1B
Operating Profit$293.0M$337.0M$250.0M$294.0M$350.0M$457.0M$361.0M$370.0M$453.0M$465.0M$431.0M$450.0M
Operating Margin28.6%31.5%24.8%27.7%28.8%33.7%29.1%29.0%33.8%32.3%29.3%28.4%
Interest$9.0M$9.0M$9.0M$13.0M$24.0M$30.0M$29.0M$29.0M$29.0M$29.0M$32.0M$35.0M
Profit Before Tax$300.0M$362.0M$310.0M$316.0M$333.0M$437.0M$356.0M$281.0M$393.0M$493.0M$428.0M$510.0M
Tax$15.2M$10.5M$20.1M$27.3M$28.6M$22.1M$23.1M$43.0M$26.9M$21.3M$21.6M$28.1M
Net Profit$254.0M$324.0M$248.0M$230.0M$238.0M$340.0M$274.0M$160.0M$287.0M$388.0M$336.0M$367.0M
EPS$0.93$1.19$0.91$0.84$0.87$1.24$1.00$0.59$1.05$1.42$1.23$1.33

Over the 10 years reported for Cadence Design Systems, Inc., borrowings increased from $693.0M in 2016 to $2.5B in 2025, cash stood at $3.0B in the latest year, shareholders' equity was $4.7B, current assets covered current liabilities 2.86 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.1B$2.4B$2.5B$3.4B$4.0B$4.4B$5.1B$5.7B$9.0B$10.2B
Current Assets$702.0M$980.0M$951.0M$1.2B$1.5B$1.7B$1.7B$2.0B$4.0B$4.7B
Cash$465.0M$688.0M$533.0M$705.0M$928.0M$1.1B$882.0M$1.0B$2.6B$3.0B
Inventory$39.0M$33.0M$28.0M$56.0M$76.0M$116.0M$128.0M$182.0M$258.0M$304.0M
Receivables$157.0M$190.0M$297.0M$305.0M$348.0M$344.0M$487.0M$507.0M$680.0M$945.0M
Fixed Assets$239.0M$251.0M$253.0M$376.0M$444.0M$436.0M$542.0M$554.0M$604.0M$517.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$3.0M$7.0M$119.0M$138.0M$132.0M$128.0M$124.0M$269.0M$265.0M$0
Other Assets$573.0M$666.0M$662.0M$662.0M$782.0M$928.0M$1.4B$1.5B$2.4B$2.7B
Total Liabilities$1.4B$1.4B$1.2B$1.3B$1.5B$1.6B$2.4B$2.3B$4.3B$4.7B
Current Liabilities$586.0M$642.0M$709.0M$672.0M$797.0M$971.0M$1.3B$1.6B$1.4B$1.6B
Borrowings$693.0M$729.0M$445.0M$431.0M$461.0M$455.0M$887.0M$764.0M$2.6B$2.5B
Other Liabilities$662.0M$700.0M$735.0M$824.0M$997.0M$1.2B$1.5B$1.5B$1.7B$2.2B
Equity$1.8B$1.8B$1.9B$2.0B$2.2B$2.5B$2.8B$3.2B$4.2B$4.7B
Reserves$742.0M$989.0M$1.3B$2.1B$2.5B$2.7B$2.7B$3.4B$4.7B$5.5B

For Cadence Design Systems, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.6B; free cash flow was positive in 10 of 10 years; financing activities used $1.1B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$445.0M$471.0M$605.0M$730.0M$905.0M$1.1B$1.2B$1.3B$1.3B$1.7B
Investing Cash Flow$-52.0M$-249.0M$-235.0M$-180.0M$-387.0M$-360.0M$-863.0M$-515.0M$-980.0M$-602.0M
Financing Cash Flow$-855.0M$-158.0M$-390.0M$-487.0M$-490.0M$-732.0M$-957.0M$-837.0M$-812.0M$-1.1B
Net Cash Flow$-151.0M$223.0M$-155.0M$172.0M$223.0M$161.0M$-207.0M$126.0M$1.6B$357.0M
Free Cash Flow$391.0M$413.0M$543.0M$655.0M$810.0M$1.0B$1.1B$1.2B$1.1B$1.6B

Valuation & Return Ratios

MetricValue
PEG Ratio1.79
EV / EBITDA41.63
FCF Yield1.87%
Quick Ratio1.53
Interest Coverage14.37
Return 1Y-6.16%
Return 3Y33.31%
Return 5Y93.33%

Cadence Design Systems, Inc. (CDNS) financials — frequently asked questions

What is Cadence Design Systems, Inc.'s annual revenue?

Cadence Design Systems, Inc. (CDNS) reported annual revenue of $5.3B in its most recent fiscal year.

What is Cadence Design Systems, Inc.'s net profit?

Cadence Design Systems, Inc. (CDNS) reported net profit of $1.1B in its most recent fiscal year.

What is CDNS EV/EBITDA?

Cadence Design Systems, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 41.63.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Technology StocksLow P/E Technology StocksHigh Net Margin Technology StocksDividend Technology StocksLow Debt Technology StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
CDNS Overview CDNS Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.