Cadence Design Systems Unbilled balances increased by 19.0% to $375.68M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 54.0%, from $243.95M to $375.68M. Over 4 years (FY 2020 to FY 2024), Unbilled balances shows an upward trend with a 19.4% CAGR.
other_unbilled_contracts_receivable| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $142.85M | $146.55M | $155.69M | $137.24M | $153.45M | $153.38M | $174.33M | $143.77M | $152.72M | $164.83M | $193.96M | $174.17M | $182.82M | $243.95M | $293.25M | $270.30M | $315.59M | $375.68M |
| QoQ Change | — | +2.6% | +6.2% | -11.8% | +11.8% | -0.0% | +13.7% | -17.5% | +6.2% | +7.9% | +17.7% | -10.2% | +5.0% | +33.4% | +20.2% | -7.8% | +16.8% | +19.0% |
| YoY Change | — | — | — | — | +7.4% | +4.7% | +12.0% | +4.8% | -0.5% | +7.5% | +11.3% | +21.1% | +19.7% | +48.0% | +51.2% | +55.2% | +72.6% | +54.0% |