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Screener / SEC EDGAR /CIK 0000883241 /10-K filed Dec 22, 2025, compared with Dec 19, 2024 /Numbers from the XBRL of the 10-Ks
Technology peers:
COHRFTNTSNPSMRVLWDAYROP
Nasdaq Technology · Software

Synopsys SNPS

SNPS quote by TradingView

Synopsys, Inc. (Synopsys, we, our or us) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. 10-K, Item 1

Employees
28,000
Headquarters
Sunnyvale, CA
CEO
Sassine Ghazi
Next results
around Dec 9, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $7.1B through the costs to a net profit of $1.3B · income statement of the 10-K

13% operating margin
Revenue to Gross profit: $5.4BRevenue to Cost of revenue: $1.6BGross profit to Operating profit: $914.9MGross profit to Operating expenses: $4.5BOperating profit to Net profit: $858.9MOperating profit to Tax: $56.0MOther income to Net profit: $473.3MOperating expenses to R&D: $2.5BOperating expenses to Sales, admin & other: $2.0B Revenue: $7.1B REVENUE $7.1B +15% Y/Y Gross profit: $5.4B · 77% margin GROSS PROFIT $5.4B 77% margin · +11% Y/Y Cost of revenue: $1.6B · 23% of revenue COST OF REVENUE $1.6B 23% of revenue Operating profit: $914.9M · 13% margin OPERATING PROFIT $914.9M 13% margin · −33% Y/Y Other income: $473.3M · 7% of revenue OTHER INCOME $473.3M 7% of revenue Operating expenses: $4.5B · 64% of revenue OPERATING EXPENSES $4.5B 64% of revenue Net profit: $1.3B · 19% margin NET PROFIT $1.3B 19% margin · −41% Y/Y Tax: $56.0M · 1% of revenue TAX $56.0M 1% of revenue R&D: $2.5B · 35% of revenue R&D $2.5B 35% of revenue Sales, admin & other: $2.0B · 29% of revenue SALES, ADMIN & OTHER $2.0B 29% of revenue
Gross profit $5.4B 77% margin · +11% Y/Y
Operating profit $914.9M 13% margin · −33% Y/Y
Net profit $1.3B 19% margin · −41% Y/Y
The full income statement, year by year

SNPS among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 15.1%, above 54% of 74 peers (their median 14.0%) REVENUE GROWTH 15.1% · above 54% Gross margin: 72.4%, above 76% of 67 peers (their median 56.4%) GROSS MARGIN 72.4% · above 76% Operating margin: 8.5%, above 17% of 70 peers (their median 23.8%) OPERATING MARGIN 8.5% · above 17% Net margin: 11.4%, above 30% of 74 peers (their median 19.2%) NET MARGIN 11.4% · above 30% FCF margin: 29.2%, above 64% of 70 peers (their median 22.3%) FCF MARGIN 29.2% · above 64% Return on capital: 2.1%, above 10% of 61 peers (their median 12.7%) RETURN ON CAPITAL 2.1% · above 10%
SNPS Peer median Below the median

What changed

13 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Dec 22, 2025 against Dec 19, 2024.

Risk factors
13 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +61.1% vs revenue +15.1% (+46.0 pts)
10-K · XBRL
Critical audit matters changed
New this year: Evaluation of the acquisition-date fair value of certain intangible assets acquired in a business combination (“As described in Note 4 to the consolidated financial statements, the Company completed the acquisition of Ansys for aggregate purchase consideration of approximately $34.9 billion on July 17, 2025. The Company accounted for the acquisition using the acquisition method of accounting that requires all”). Same as last year: Evaluation of the Company's analysis of terms and conditions in software and intellectual property license contracts with customers
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 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.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +61.1% vs revenue +15.1% (+46.0 pts)
  • Critical audit matters changed
    New this year: Evaluation of the acquisition-date fair value of certain intangible assets acquired in a business combination (“As described in Note 4 to the consolidated financial statements, the Company completed the acquisition of Ansys for aggregate purchase consideration of approximately $34.9 billion on July 17, 2025. The Company accounted for the acquisition using the acquisition method of accounting that requires all”). Same as last year: Evaluation of the Company's analysis of terms and conditions in software and intellectual property license contracts with customers
  • Cash from operations $1.5B vs net income $1.3B (FY ending Oct 31, 2025)
8 more checks with nothing to note
  • Inventory +0.9% vs revenue +15.1% (-14.2 pts)
  • Same auditor in both 10-Ks: KPMG 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
  • 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

In their words

13 paragraphs in Risk Factors that were not in the 10-K filed Dec 19, 2024. Quoted as filed.

All 13 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Dec 19, 2024 10-K, ITEM 1A
    We have incurred a substantial amount of debt in connection with the Ansys Merger, including the Senior Notes and the $4.3 billion term loan. Accordingly, as of October 31, 2025, we had approximately $13.5 billion of total debt.
  2. Item 1A · new paragraph · not in the 10-K filed Dec 19, 2024 10-K, ITEM 1A
    We or our directors or officers are subject to litigation proceedings, which are expensive, could divert management attention and harm our business.
  3. Item 1A · new paragraph · not in the 10-K filed Dec 19, 2024 10-K, ITEM 1A
    For example, we are currently named as a defendant in recently filed securities class action complaints. The stock market in general, and Nasdaq and technological companies in particular, have experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2016 to FY2025

Revenue, net income and free cash flow, each set to 100 in FY2016. What happened, from the 10-Ks. Not a forecast.

FY2016 = 100
500 100 Revenue: $2.4B in FY2016, $7.1B in FY2025 REVENUE $7.1B · 2.9x Net income: $266.8M in FY2016, $1.3B in FY2025 NET INCOME $1.3B · 5.0x Free cash flow: $519.7M in FY2016, $1.3B in FY2025 FREE CASH FLOW $1.3B · 2.6x FY2016 = 100FY2021FY2025
Revenue 2.9x $2.4B to $7.1B
Net income 5.0x $266.8M to $1.3B
Free cash flow 2.6x $519.7M to $1.3B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$5.1B$5.3B$6.1B$7.1B
Net income$984.6M$1.2B$2.3B$1.3B
Operating cash flow$1.7B$1.7B$1.4B$1.5B
Free cash flow$1.6B$1.5B$1.3B$1.3B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$7.1B ▲ 15.1% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Synopsys, Sunnyvale, CA · from the 10-K filed Dec 22, 2025

Synopsys, Inc. (Synopsys, we, our or us) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver trusted and comprehensive solutions spanning silicon design, silicon intellectual property (IP), simulation and analysis (S&A) as well as design services. We partner closely with our customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow.

Headquarters
Sunnyvale, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
October 31
Last results
Aug 26, 2026
Incorporated in
DE

Employees, at the top of the page: "As of fiscal 2025 year-end, Synopsys had approximately 28,000 employees, with about 23% in the United States and 77% in other locations worldwide" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Dec 22, 2025 (open at SEC), compared with the 10-K filed Dec 19, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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