Cadence Design Systems, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.30B | $4.64B | $4.09B | $3.56B | $2.68B | $2.34B | $2.14B | $1.94B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $313.4M | $274.0M | $242.4M | $242.1M | $154.4M | $139.8M | $133.4M | $134.2M |
| Operating Income | $1.49B | $1.35B | $1.25B | $1.07B | $645.6M | $491.8M | $396.2M | $324.0M |
| Operating Margin | 28.2% | 29.1% | 30.6% | 30.1% | 24.1% | 21.1% | 18.5% | 16.7% |
| Interest Expense | $116.5M | $76.0M | $36.2M | $22.9M | $20.7M | $18.8M | $23.1M | $25.7M |
| Pretax Income | $1.52B | $1.40B | $1.28B | $1.05B | $632.7M | $479.0M | $376.4M | $315.0M |
| Income Tax Expense | $413.2M | $340.3M | $240.8M | $196.4M | $42.1M | $-510.0M | $30.6M | $110.9M |
| Net Income | $1.11B | $1.06B | $1.04B | $849.0M | $590.6M | $989.0M | $345.8M | $204.1M |
| Net Margin | 20.9% | 22.7% | 25.5% | 23.8% | 22.0% | 42.3% | 16.2% | 10.5% |
| EPS (Basic) | $4.09 | $3.89 | $3.86 | $3.13 | $2.16 | $3.62 | $1.26 | $0.75 |
| EPS (Diluted) | $4.06 | $3.85 | $3.82 | $3.09 | $2.11 | $3.53 | $1.23 | $0.73 |
| Shares Outstanding (Basic) | 271.3M | 271.2M | 269.4M | 271.2M | 273.7M | 273.2M | 273.7M | 272.1M |
| Shares Outstanding (Diluted) | 273.3M | 273.8M | 272.7M | 275.0M | 279.6M | 280.5M | 281.1M | 280.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |