Cadence Design Systems, Inc. (CDNS) balance sheet
NASDAQ · Technology · Software - Application · 13,800 employees · CEO Anirudh Devgan
- Price
- $327.89 -4.34%
- Market cap
- $90B
- Enterprise value
- $91.3B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-16 EPS est. $2.23
At the end of Q3 '26 Cadence Design Systems, Inc. (CDNS) held $1.45B in cash and short-term investments against $2.81B of debt incl. leases. Total assets $12.2B, total liabilities $5.35B, shareholders' equity $6.88B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.01B | $1.01B | $1.06B | $2.79B | $2.64B | $2.78B | $2.82B | $2.75B | $3B | $1.41B | $1.44B | $1.45B | |
| Short-term investments | $130M | $0 | $0 | $0 | $141M | $0 | $0 | $0 | $0 | $139M | $0 | $0 | |
| Receivables | $507M | $390M | $565M | $561M | $680M | $581M | $670M | $755M | $945M | $1.07B | $1.07B | $1.11B | |
| Inventory | $182M | $186M | $172M | $293M | $258M | $226M | $226M | $286M | $304M | $318M | $390M | $449M | |
| Other current assets | $124M | $342M | $401M | $460M | $0 | $414M | $503M | $492M | $420M | $243M | $326M | $342M | |
| Current assets | $1.98B | $1.93B | $2.2B | $4.1B | $4.02B | $4B | $4.22B | $4.29B | $4.67B | $3.18B | $3.22B | $3.35B | |
| Property, plant & equipment (net) | $554M | $433M | $449M | $449M | $604M | $466M | $482M | $495M | $517M | $537M | $560M | $825M | |
| Long-term investments | $138M | $0 | $0 | $0 | $124M | $0 | $94.3M | $0 | $0 | $49.2M | $0 | $145M | |
| Goodwill | $1.54B | $1.58B | $2.42B | $2.49B | $2.38B | $2.42B | $2.6B | $2.64B | $2.75B | $4.93B | $4.91B | $4.93B | |
| Intangible assets | $337M | $335M | $664M | $662M | $595M | $584M | $619M | $673M | $718M | $1.93B | $1.87B | $1.79B | |
| Deferred tax assets | $880M | $887M | $893M | $890M | $982M | $986M | $980M | $893M | $918M | $843M | $833M | $789M | |
| Other non-current assets | $248M | $563M | $605M | $573M | $274M | $559M | $511M | $608M | $581M | $626M | $676M | $393M | |
| Non-current assets | $3.69B | $3.79B | $5.03B | $5.07B | $4.96B | $5.02B | $5.29B | $5.31B | $5.48B | $8.92B | $8.86B | $8.87B | |
| Total assets | $5.67B | $5.72B | $7.23B | $9.17B | $8.97B | $9.01B | $9.51B | $9.6B | $10.2B | $12.1B | $12.1B | $12.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $91.2M | $0 | $0 | $0 | $5.56M | $0 | $292M | $631M | $857M | $88.2M | $824M | $805M | |
| Accrued expenses | $485M | $0 | $0 | $0 | $627M | $0 | $334M | $0 | $0 | $293M | $0 | $0 | |
| Short-term debt | $349M | $350M | $350M | $350M | $0 | $0 | $0 | $0 | $0 | $425M | $0 | $649M | |
| Deferred revenue | $665M | $660M | $679M | $698M | $737M | $731M | $730M | $775M | $778M | $874M | $1.03B | $1.01B | |
| Other current liabilities | $0 | $457M | $505M | $627M | $0 | $570M | $0 | $0 | $0 | $248M | $0 | $0 | |
| Current liabilities | $1.59B | $1.47B | $1.53B | $1.67B | $1.37B | $1.3B | $1.5B | $1.41B | $1.64B | $2.16B | $1.85B | $2.47B | |
| Long-term debt | $300M | $300M | $999M | $2.48B | $2.48B | $2.48B | $2.48B | $2.48B | $2.48B | $2.48B | $2.48B | $1.98B | |
| Lease obligations (non-current) | $115M | $0 | $0 | $0 | $109M | $0 | $0 | $0 | $0 | $177M | $0 | $179M | |
| Deferred revenue (non-current) | $98.9M | $87M | $88.8M | $102M | $115M | $111M | $154M | $130M | $156M | $147M | $144M | $138M | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $351M | $0 | $348M | |
| Other non-current liabilities | $160M | $302M | $343M | $351M | $231M | $349M | $373M | $385M | $408M | $218M | $747M | $234M | |
| Non-current liabilities | $674M | $689M | $1.43B | $2.93B | $2.93B | $2.94B | $3.01B | $2.99B | $3.04B | $3.37B | $3.37B | $2.88B | |
| Total liabilities | $2.27B | $2.15B | $2.96B | $4.6B | $4.3B | $4.24B | $4.5B | $4.4B | $4.68B | $5.54B | $5.22B | $5.35B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $3.17B | $3.33B | $3.93B | $4.07B | $4.18B | $4.33B | $4.45B | $4.61B | $4.72B | $5.7B | $5.87B | $6.04B | |
| Retained earnings | $4.94B | $5.18B | $5.41B | $5.65B | $5.99B | $6.27B | $6.43B | $6.71B | $7.1B | $7.44B | $7.8B | $8.09B | |
| Accumulated other comprehensive income | -$94.8M | -$108M | -$109M | -$13.9M | -$190M | -$123M | $24M | $7.3M | -$1.81M | -$40.1M | -$56.2M | -$68.7M | |
| Shareholders' equity | $3.4B | $3.57B | $4.26B | $4.56B | $4.67B | $4.78B | $5.01B | $5.2B | $5.47B | $6.56B | $6.86B | $6.88B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $764M | $649M | $1.35B | $2.83B | $2.59B | $2.48B | $2.48B | $2.48B | $2.48B | $3.08B | $2.48B | $2.81B | |
| Net debt (debt - cash) | -$244M | -$363M | $290M | $39.2M | -$59M | -$301M | -$345M | -$274M | -$521M | $1.68B | $1.04B | $1.36B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $465M | $688M | $533M | $705M | $928M | $1.09B | $882M | $1.01B | $2.64B | $3B | |
| Short-term investments | $3.06M | $4.46M | $0 | $0 | $0 | $0 | $4.49M | $130M | $141M | $0 | |
| Receivables | $157M | $190M | $297M | $305M | $348M | $344M | $487M | $507M | $680M | $945M | |
| Inventory | $39.5M | $33.2M | $28.2M | $55.8M | $76M | $116M | $128M | $182M | $258M | $304M | |
| Other current assets | $0 | $0 | $0 | $0 | $126M | $81.4M | $136M | $124M | $0 | $420M | |
| Current assets | $702M | $980M | $951M | $1.17B | $1.48B | $1.72B | $1.71B | $1.98B | $4.02B | $4.67B | |
| Property, plant & equipment (net) | $239M | $251M | $253M | $376M | $444M | $436M | $542M | $554M | $604M | $517M | |
| Long-term investments | $0 | $2.99M | $119M | $138M | $132M | $128M | $120M | $138M | $124M | $0 | |
| Goodwill | $573M | $666M | $662M | $662M | $782M | $928M | $1.37B | $1.54B | $2.38B | $2.75B | |
| Intangible assets | $259M | $279M | $225M | $172M | $211M | $233M | $355M | $337M | $595M | $718M | |
| Deferred tax assets | $257M | $153M | $155M | $732M | $732M | $764M | $854M | $880M | $982M | $918M | |
| Other non-current assets | $68.1M | $87M | $104M | $107M | $171M | $182M | $186M | $248M | $274M | $581M | |
| Non-current assets | $1.39B | $1.44B | $1.52B | $2.19B | $2.47B | $2.67B | $3.43B | $3.69B | $4.96B | $5.48B | |
| Total assets | $2.1B | $2.42B | $2.47B | $3.36B | $3.95B | $4.39B | $5.14B | $5.67B | $8.97B | $10.2B | |
| Liabilities | |||||||||||
| Accounts payable | $4.37M | $4.83M | $5.48M | $0 | $0 | $0 | $47.1M | $91.2M | $5.56M | $857M | |
| Accrued expenses | $217M | $216M | $257M | $317M | $322M | $353M | $455M | $485M | $627M | $0 | |
| Short-term debt | $50M | $85M | $100M | $0 | $0 | $0 | $100M | $349M | $0 | $0 | |
| Taxes payable | $18.4M | $3.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $296M | $336M | $352M | $355M | $475M | $618M | $745M | $665M | $737M | $778M | |
| Other current liabilities | $0 | $0 | -$5.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Current liabilities | $586M | $642M | $709M | $672M | $797M | $971M | $1.35B | $1.59B | $1.37B | $1.64B | |
| Long-term debt | $643M | $644M | $345M | $346M | $347M | $348M | $648M | $300M | $2.48B | $2.48B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $84.8M | $114M | $107M | $139M | $115M | $109M | $0 | |
| Deferred revenue (non-current) | $66.8M | $61.5M | $48.7M | $73.4M | $107M | $101M | $91.5M | $98.9M | $115M | $156M | |
| Other non-current liabilities | $59.3M | $81.2M | $77.3M | $77.7M | $93.2M | $119M | $165M | $160M | $231M | $408M | |
| Non-current liabilities | $770M | $787M | $471M | $582M | $661M | $674M | $1.04B | $674M | $2.93B | $3.04B | |
| Total liabilities | $1.36B | $1.43B | $1.18B | $1.25B | $1.46B | $1.65B | $2.39B | $2.27B | $4.3B | $4.68B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $1.82B | $1.83B | $1.94B | $2.05B | $2.22B | $2.47B | $2.77B | $3.17B | $4.18B | $4.72B | |
| Retained earnings | $137M | $341M | $773M | $1.76B | $2.35B | $3.05B | $3.9B | $4.94B | $5.99B | $7.1B | |
| Accumulated other comprehensive income | -$25.2M | -$3.63M | -$24.8M | -$36.9M | -$17.4M | -$33.3M | -$91.6M | -$94.8M | -$190M | -$1.81M | |
| Shareholders' equity | $742M | $989M | $1.29B | $2.1B | $2.49B | $2.74B | $2.75B | $3.4B | $4.67B | $5.47B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $693M | $729M | $445M | $431M | $461M | $455M | $887M | $764M | $2.59B | $2.48B | |
| Net debt (debt - cash) | $228M | $41.3M | -$88M | -$274M | -$468M | -$634M | $5.09M | -$244M | -$59M | -$521M | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01