Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

$24.99

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Synopsys Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019
Time-based products
Upfront products
Products revenue
Maintenance and service
Revenue
Products
Maintenance and service
Amortization of acquired intangible assets
Cost of revenue
Gross margin
Research and development
Sales and marketing
General and administrative
Amortization of acquired intangible assets
Restructuring charges
Operating expenses
Operating income
Interest expense
Other income (expense), net
Income before income taxes
(Provision) benefit for income taxes
Net income from continuing operations
Income (loss) from discontinued operations, net of income taxes
Net income
Net (income) loss attributed to non-controlling interest and redeemable non-controlling interest
Net income attributed to Synopsys

Based on: 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-K (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31).

The financial data exhibits distinct trends across product revenues, expenses, and profitability over the analyzed periods.

Product Revenue and Segments
Time-based products demonstrate a generally upward trajectory, with quarterly revenues increasing from approximately $554 million in early 2019 to a peak exceeding $922 million in mid-2023, before stabilizing around the $828 million mark by early 2025.
Upfront products show more volatility. After fluctuations between $130 million and $245 million through 2019 and 2020, a significant upward surge occurs from 2021 onward, peaking at around $520 million in late 2024, followed by some volatility through early 2025.
Combined products revenue increased steadily from about $684 million in early 2019 to a peak of approximately $1.32 billion in late 2023, suggesting growth driven by both product segments.
Maintenance and service revenues also rose consistently, from roughly $136 million in early 2019 to around $280 million by late 2024, highlighting an expanding recurring revenue base.
Cost of Revenue and Gross Margin
Costs directly associated with products and maintenance/service showed increases but less consistently, with product-related costs rising in line with revenue growth. Maintenance and service costs increased slightly but at a slower pace relative to revenue.
Amortization of acquired intangible assets within cost of revenue displayed some fluctuations, with notable spikes in late 2024 reflecting increased intangible asset charges.
Overall, gross margin grew significantly, moving from about $627 million in early 2019 to a peak exceeding $1.26 billion by late 2024. This represents improving profitability at the gross level, driven both by revenue expansion and controlled cost growth.
Operating Expenses
Research and development expenses steadily increased from approximately $271 million in early 2019 to over $550 million by late 2024, indicating sustained investment in innovation and product development.
Sales and marketing expenses remained relatively stable with a mild upward trend, fluctuating near the $150 million to $230 million range, suggesting consistent spending aligned with revenue growth.
General and administrative expenses showed high variability, rising from about $42 million in early 2019 to above $170 million at its peak in late 2024, reflecting potential increases in overhead or administrative activities.
Total operating expenses grew from around $480 million to nearly $950 million by late 2024, illustrating expanding operational scale.
Profitability Measures
Operating income exhibited variability with an overall increasing trend, peaking dramatically at over $430 million in late 2023 before moderating somewhat, indicating strong operational performance amidst expanding revenues and manageable expense growth.
Income before income taxes mirrored operating income trends, reaching highs above $450 million in early 2024. Variations in other income and expense components caused fluctuations in pre-tax income.
The provision for income taxes showed considerable fluctuations, including periods of tax benefits and high provisions, which impacted net income volatility.
Net income from continuing operations followed a generally rising pattern, peaking near $434 million in early 2024, aligning with operational profitability.
Overall net income shows peaks and troughs with notable spikes in some quarters, including late 2024 where a significant one-time event appears to impact income from discontinued operations and net income totals.
Net income attributable to the company reflects these trends, with growth from $153 million in early 2019 to over $1.11 billion reported in late 2024, driven significantly by unusual items in the discontinued operations segment at certain points.
Additional Observations
Interest expense data is limited but reported significantly negatively towards the end of the dataset, indicating increased borrowing costs or other financing expenses.
Restructuring charges show sporadic impacts, often negative, reflecting occasional strategic or operational reorganizations influencing earnings.
Amortization of acquired intangible assets both within cost of revenue and operating expenses indicates ongoing impact of acquisitions on profitability, with higher charges noted especially in late periods.

In summary, the company experienced consistent revenue growth across product lines and services, backed by expanding gross margins and operating income. While operating expenses grew notably, especially in research and development, profitability improved substantially. Some quarters include exceptional items affecting net income volatility, including significant gains from discontinued operations. Financial management appears active with restructuring efforts and intangible asset amortization impacting results periodically. Overall, the data portrays a trajectory of expansion with underlying investments and strategic financial activities shaping performance.