CDNSCadence Design Systems
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
The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
+37.1% Big change FY to 2025-12-31 vs 2024-12-31“The increase in cash flows from operating activities during fiscal 2025, as compared to fiscal 2024, was primarily due to increased business levels, the timing of cash receipts from customers, the timing of cash disbursements for operating assets and liabilities and cash paid for income taxes.”
Read it in the 10-K ↗
“The increase in cash provided by operating activities was partially offset by settlement payments to BIS and the DOJ during fiscal 2025.”
Read it in the 10-K ↗
Revenue
+14.1% Big change FY to 2025-12-31 vs 2024-12-31“For fiscal 2025, the revenue associated with contracts assumed with our acquisition of VLAB Works was primarily classified as product and maintenance revenue in our Core EDA product category.”
Read it in the 10-K ↗
“Product and maintenance revenue increased during fiscal 2025, as compared to fiscal 2024, primarily due to growth in revenue from our software, hardware and IP product offerings as a result of existing customers' continued investment in complex designs for their products.”
Read it in the 10-K ↗
Operating margin
29.1% → 28.2% (-0.9 pts) FY to 2025-12-31 vs 2024-12-31“Salary, benefits and other employee-related costs and stock-based compensation included in research and development expense increased during fiscal 2025, as compared to fiscal 2024, primarily due to our continued investment in attracting and retaining talent for research and development activities, including additional headcount from acquisitions.”
Read it in the 10-K ↗
“Operating margin decreased during fiscal 2025, as compared to fiscal 2024, primarily due to the loss recognized in connection with our settlements with BIS and the DOJ.”
Read it in the 10-K ↗
Net income
+5.1% FY to 2025-12-31 vs 2024-12-31“Other income, net increased during fiscal 2025, as compared to fiscal 2024, primarily due to increased interest earned from deposits, a recognized gain during fiscal 2025 on the sale of IP and other assets and an increase in net gains from our strategic investment portfolio.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on CDNS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CDNS/export.csv") into a cell.