CADENCE DESIGN SYSTEMS, INC. FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$5.3B
Gross margin	— not reported
Operating income	$1.5B
Net income	$1.1B
Diluted EPS	$4.06
Cash & equivalents	$3.0B
Total assets	$10.2B
Long-term debt	— not reported

Key takeaway

Cadence reported $5.30 billion in revenue and $1.11 billion in net income for fiscal 2025, with an operating margin near 28%.

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Beneath the surface

Cash and equivalents of $3.00 billion against total assets of $10.15 billion suggest a strong net cash position, though the filing does not break out total debt, so true leverage can't be fully assessed from the figures given.

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