Analysis of Revenues
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Revenues as Reported
Cadence Design Systems Inc., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Revenue demonstrates a consistent upward trajectory over the five-year period. A pattern of year-over-year increases is evident, suggesting sustained growth in the company’s core business activities.
- Overall Growth
- Revenue increased from US$2,988,244 thousand in 2021 to US$5,296,759 thousand in 2025. This represents a total growth of approximately 77.2% over the five-year period.
- Year-over-Year Growth Rates
- The year-over-year growth rate in 2022 was approximately 19.2%, calculated as the change from US$2,988,244 thousand to US$3,561,718 thousand.
- Revenue growth continued in 2023, increasing by approximately 14.8% to US$4,089,986 thousand.
- The rate of growth remained positive in 2024, with revenue reaching US$4,641,264 thousand, representing an increase of approximately 13.7%.
- The growth rate in 2025 was approximately 14.3%, with revenue totaling US$5,296,759 thousand.
- Growth Rate Trend
- While consistently positive, the year-over-year growth rate experienced some fluctuation. The highest growth rate occurred between 2021 and 2022, while the lowest occurred between 2024 and 2025. Despite these fluctuations, the growth rate remained in a relatively narrow band, indicating stable, albeit varying, expansion.
The consistent revenue increases suggest effective sales strategies, successful product offerings, or expanding market share. Continued monitoring of these trends is recommended to assess the sustainability of this growth.