CDNSCadence Design Systems

Technology · Software · Nasdaq

We urge you to consider these factors carefully in evaluating the forward-looking statements contained in this Annual Report. 10-K, Item 1

Employees: 13,800
Headquarters: San Jose, CA
CEO: Anirudh Devgan
Next results: around Feb 16, 2027

Compare with peers → Embed

RevenueFY2016–25 $5.3B+14.1% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.1B+5.1% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.6B+41.9% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 28.2%−0.9 pts 13.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 19, 2026 against Feb 21, 2025

Area	What changed	Source
Risk factors	27 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +38.9% vs revenue +14.1% (+24.7 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 19, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.

The growth of our business depends primarily on the semiconductor and electronics systems industries.
10-K, Item 1A

All 27 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +38.9% vs revenue +14.1% (+24.7 pts)
✓
Cash from operations $1.7B vs net income $1.1B (FY ending 2025-12-31)
✓
Inventory +17.8% vs revenue +14.1% (+3.7 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Revenue Recognition - Identifying and Evaluating Terms and Conditions in Contracts
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 26, 20268-K Quarterly results, Other events 8-K items 2.02, 8.01

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