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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.47B | $1.44B | $1.34B | $1.28B | $1.24B | $1.36B | $1.22B |
| Cost of revenue | $239.32M | $214.55M | $188.75M | $182.20M | $184.17M | $167.13M | $219.99M | $163.04M |
| Gross profit | $1.35B | $1.26B | $1.25B | $1.16B | $1.09B | $1.08B | $1.14B | $1.05B |
| Gross margin | 84.9% | 85.4% | 86.9% | 86.4% | 85.6% | 86.5% | 83.8% | 86.6% |
| Research and development | $531.27M | $508.44M | $464.58M | $423.03M | $442.06M | $439.10M | $392.03M | $407.37M |
| Selling, general and administrative | $329.58M | $299.70M | $310.00M | $270.60M | $269.62M | $265.80M | $270.63M | $261.34M |
| Operating expenses | $894.82M | $828.34M | $788.03M | $731.25M | $849.48M | $713.71M | $679.12M | $702.40M |
| Operating income | $450.32M | $431.33M | $463.34M | $425.39M | $241.80M | $361.52M | $456.88M | $350.06M |
| Operating margin | 28.4% | 29.3% | 32.2% | 31.8% | 19.0% | 29.1% | 33.7% | 28.8% |
| EBITDA | $566.95M | $515.95M | $529.76M | $509.46M | $424.07M | $414.33M | $518.86M | $429.64M |
| Interest expense | −$35.14M | −$31.61M | −$29.44M | −$29.04M | −$28.95M | −$29.12M | −$29.91M | −$24.50M |
| Income before taxes | $510.23M | $428.10M | $492.96M | $392.78M | $280.61M | $355.69M | $436.65M | $333.41M |
| Income taxes | $143.16M | $92.44M | $104.83M | $105.66M | $120.56M | $82.11M | $96.44M | $95.30M |
| Net income | $367.08M | $335.66M | $388.14M | $287.12M | $160.05M | $273.58M | $340.21M | $238.11M |
| Net margin | 23.2% | 22.8% | 27.0% | 21.4% | 12.5% | 22.0% | 25.1% | 19.6% |
| EPS, basic | $1.34 | $1.23 | $1.43 | $1.06 | $0.59 | $1.01 | $1.25 | $0.87 |
| EPS, diluted | $1.33 | $1.23 | $1.42 | $1.05 | $0.59 | $1.00 | $1.24 | $0.87 |
| Diluted shares | 276.16M | 273.73M | 272.92M | 273.80M | 272.90M | 273.63M | 274.31M | 273.96M |
Figures describe Cadence Design Systems shares, not any token. As of Jul 29, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.