SNPSSynopsys

Technology · Software · Nasdaq

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

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What the 10-K filed 2025-12-22 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2024-12-19.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“One customer, including its subsidiaries, accounted for 12.6%, and 13.5% of our consolidated revenue in fiscal 2024 and 2023, respectively.”
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“No customer accounted for over 10% of our accounts receivable as of October 31, 2025, and October 31, 2024.”
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Key suppliers

1 new

Parts or manufacturing that depend on one or a few suppliers.

New “Delays in production and delivery of our hardware products, including due to, among other things, difficulty scaling production capacity and yield to meet customer demand, or a dependence on a sole supplier for certain hardware products, which may reduce our control over product availability, quality and pricing;”
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Lawsuits and legal claims

3 new

Pending cases, settlements and what the company has set aside for them.

New “On October 31, 2025, a shareholder class action complaint was filed in the United States District Court for the Northern District of California captioned Kim v.”
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New “In addition, on November 25, 2025, a shareholder class action complaint was filed in the United States District Court for the Northern District of California captioned New England Teamsters Pension Fund v.”
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New “The plaintiffs in both actions are seeking unspecified monetary damages and an award of costs and expenses, including reasonable attorneys’ fees and expert fees.”
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Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

No specific sentence about this in the 10-K.

Debt covenants

1 new

Conditions in loan agreements that, if broken, can make debt due early.

“The Term Loan Agreement contains a financial covenant requiring that Synopsys maintain a maximum consolidated leverage ratio, as well as certain other non-financial covenants.”
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“As of October 31, 2025, we were in compliance with the financial covenant.”
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“The Sixth Amendment, among other things, also amended: (i) the applicable margin used to determine the interest that accrues on loans and the facility fee payable under the revolving credit facility to be based on our credit ratings, (ii) the financial covenant thresholds under the financial covenant in the Revolving Credit Agreement requiring us to maintain a maximum consolidated leverage ratio and (iii) certain conditions to borrowing, other non-financial covenants and events of default.”
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“The Revolving Credit Agreement contains a financial covenant requiring us to maintain a maximum consolidated leverage ratio, as well as other non-financial covenants.”
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New “As of October 31, 2025 , we were in compliance with all of our covenants under the Indenture.”
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Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“As of October 31, 2025, we had $1.2 billion of purchase obligations, with $832.2 million payable within 12 months.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on SNPS 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/SNPS/export.csv") into a cell.