Cadence Design Systems Total Operating Expenses increased by 6.9% to $976.78M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.6%, from $899.11M to $976.78M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 14.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $542.85M | $556.86M | $577.36M | $582.84M | $574.63M | $641.80M | $688.76M | $699.23M | $677.25M | $730.19M | $732.10M | $759.15M | $766.81M | $865.44M | $899.11M | $880.85M | $1.03B | $913.45M | $976.78M |
| QoQ Change | — | +2.6% | +3.7% | +0.9% | -1.4% | +11.7% | +7.3% | +1.5% | -3.1% | +7.8% | +0.3% | +3.7% | +1.0% | +12.9% | +3.9% | -2.0% | +17.3% | -11.6% | +6.9% |
| YoY Change | — | — | — | — | +5.9% | +15.3% | +19.3% | +20.0% | +17.9% | +13.8% | +6.3% | +8.6% | +13.2% | +18.5% | +22.8% | +16.0% | +34.8% | +5.5% | +8.6% |