What is Cadence Design Systems's unbilled balances?

Cadence Design Systems (CDNS) reported unbilled balances of $521.17M in Q1 2026.

How has Cadence Design Systems's unbilled balances changed year-over-year?

Cadence Design Systems's unbilled balances increased by 92.8% year-over-year, from $270.3M to $521.17M.

What is the long-term trend for Cadence Design Systems's unbilled balances?

Over 5 years (2020 to 2025), Cadence Design Systems's unbilled balances has grown at a 25.9% compound annual growth rate (CAGR), from $144.36M to $455.99M.

Cadence Design Systems CDNS Unbilled balances

Unbilled balances at other companies

Curtiss-WrightCW

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Other financials

Income statement

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Revenue$1.5B+18.7%

Operating income$431.3M+19.3%

Net income$335.7M+22.7%

EPS (diluted)$1.23+23.0%

Balance sheet

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Cash & equivalents$1.4B-49.4%

Total debt$177.2M—

Total equity$6.6B+37.4%

Total assets$12.1B+34.2%

Cash flow

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Operating cash flow$355.8M-27.0%

CapEx$48.8M+112%

Free cash flow$307.0M-33.8%

Valuation

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Market cap$106.85B+10.0%

Enterprise value$105.62B—

P/E91.3×+1.4×

P/S19.3×-0.6×

Profitability

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Operating margin28.3%-1.7pp

Net margin21.2%-1.0pp

Returns & leverage

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Return on equity20.7%-5.3pp

Debt / equity0×—

Current ratio1.5×-1.6×

Where this comes from

Reported directly by Cadence Design Systems in its filing.

Tagged under the XBRL concept us-gaap:UnbilledContractsReceivable.

The official record: Cadence Design Systems’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cadence Design Systems's unbilled balances?: Cadence Design Systems (CDNS) reported unbilled balances of $521.17M in Q1 2026.
How has Cadence Design Systems's unbilled balances changed year-over-year?: Cadence Design Systems's unbilled balances increased by 92.8% year-over-year, from $270.3M to $521.17M.
What is the long-term trend for Cadence Design Systems's unbilled balances?: Over 5 years (2020 to 2025), Cadence Design Systems's unbilled balances has grown at a 25.9% compound annual growth rate (CAGR), from $144.36M to $455.99M.