SYNOPSYS INC

Listed Company

SNPSCIK 0000883241NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Oct 31

Period

FY 2025

Revenue

$7.05B

Net Income

$1.33B

Total Assets

$48.22B

Equity

$28.33B

Shares Out

191.56M

Op. Cash Flow

$1.52B

Business

SYNOPSYS INC provides silicon-to-systems engineering solutions that enable customers to design, verify, and validate advanced chips and electronic systems, with an emphasis on AI-driven product development. It offers EDA software and hardware, simulation and analysis (S&A) tools (Ansys portfolio), semiconductor IP, cloud-based design flows, consulting, support, and training services. The company operates through Design Automation (including EDA and Ansys) and Design IP segments. Synopsys sells globally via direct sales, a network of channel partners, and cloud-based distribution to customers across semiconductor, electronics, automotive, aerospace, energy, industrial and other industries.

Summary from filing dated 2025-12-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Total revenue	7,054	6,127	5,318	4,616	4,204
Amortization of acquired intangible assets	312	108	45	45	48
Total cost of revenue	1,624	1,245	1,031	898	862
Gross margin	5,431	4,882	4,287	3,718	3,342
Research and development	2,479	2,082	1,850	1,590	1,505
Sales and marketing	1,074	859	725	643	712
General and administrative	770	568	377	314	323
Amortization of acquired intangible assets	193	16	9	12	—
Restructuring charges	0	0	53	11	33
Total operating expenses	4,516	3,526	3,014	2,569	2,608
Operating income	915	1,356	1,273	1,149	735
Interest expense	−447	−37	−3	—	—
Other income (expense), net	925	195	35	−45	71
Income before income taxes	1,393	1,514	1,305	1,103	806
Provision for income taxes	56	100	90	139	49
Net income from continuing operations	1,337	1,414	1,215	964	—
Income (loss) from discontinued operations, net of income taxes	−4	822	3	14	—
Net income	1,333	2,236	1,218	978	756
Less: Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest	1	−28	−12	−6	−1
Net income attributed to Synopsys	1,332	2,263	1,230	985	758
Continuing operations	1,336	1,442	1,227	970	—
Discontinued operations	−4	822	3	14	—
Continuing operations (in USD per share)	8.15	9.41	8.06	6.34	—
Discontinued operations (in USD per share)	−0.02	5.37	0.02	0.1	—
Basic net income per share (in USD per share)	8.13	14.78	8.08	6.44	4.96
Continuing operations (in USD per share)	8.07	9.25	7.91	6.2	—
Discontinued operations (in USD per share)	−0.03	5.26	0.01	0.09	—
Diluted net income per share (in USD per share)	8.04	14.51	7.92	6.29	4.81
Basic ( in shares)	164	153	152	153	153
Diluted (in shares)	166	156	155	156	157

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	2,888	3,897	1,434	1,418	1,433
Short-term investments	73	154	152	148	148
Total cash, cash equivalents and short-term investments	2,961	4,050	1,586	1,566	1,581
Accounts receivable, net	1,505	934	857	796	569
Inventories	365	362	326	212	229
Prepaid and other current assets	1,181	1,123	548	439	430
Total current assets	6,012	6,470	3,431	3,013	2,808
Property and equipment, net	697	563	550	483	472
Operating lease right-of-use assets, net	702	566	560	559	493
Goodwill	26,899	3,449	3,346	3,121	3,576
Intangible assets, net	12,680	195	240	386	279
Deferred income taxes	112	1,247	854	671	613
Other long-term assets	1,123	584	445	464	511
Total assets	48,224	13,074	10,333	9,418	8,752
Accounts payable and accrued liabilities	1,326	1,164	1,060	809	741
Operating lease liabilities	128	95	80	54	80
Deferred revenue	2,246	1,392	1,559	1,911	1,518
Short-term debt	22	0	—	—	—
Total current liabilities	3,722	2,650	2,985	2,774	2,413
Long-term operating lease liabilities	681	574	580	581	487
Long-term deferred revenue	383	341	151	154	136
Long-term debt	13,462	16	18	21	25
Other long-term liabilities	1,649	470	382	328	391
Total liabilities	19,897	4,050	4,149	3,859	3,453
Redeemable non-controlling interest	0	30	31	39	0
Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding	0	0	0	0	0
Common Stock, Shares, Issued	186	154	—	—	—
Common stock, $0.01 par value: 400,000 shares authorized; 185,994 and 154,112 shares outstanding, respectively	2	2	2	2	2
Capital in excess of par value	18,641	1,211	1,276	1,487	1,576
Retained earnings	10,315	8,984	6,742	5,534	4,550
Treasury stock, at cost: 1,222 and 3,148 shares, respectively	−398	−1,026	−1,676	−1,273	−783
Accumulated other comprehensive income (loss)	−232	−180	−196	−234	−50
Total Synopsys stockholders equity	28,328	8,991	6,147	5,516	5,295
Non-controlling interest	−587,000	3	6	5	4
Total stockholders equity	28,327	8,993	6,153	5,521	5,299
Total liabilities, redeemable non-controlling interest and stockholders equity	48,224	13,074	10,333	9,418	8,752

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Amortization and depreciation	660	295	247	228	204
Reduction of operating lease right-of-use assets	117	97	98	90	87
Amortization of capitalized costs to obtain revenue contracts	53	74	82	73	65
Stock-based compensation	893	692	563	459	345
Allowance for credit losses	51	20	20	−3	19
(Gain) loss on sale of strategic investments	4	−55	0	0	—
Gain on sale of building	−51	−2	0	—	—
Gain on divestitures, net of transaction costs	−508	−869	0	0	—
Deferred income taxes	−471	−408	−211	−37	−129
Other	−888,000	611,000	13	10	16
Accounts receivable	−174	−103	−178	−251	202
Inventories	−23	−51	−124	1	−48
Prepaid and other current assets	67	−410	−106	−90	−102
Other long-term assets	−481	−168	−101	−15	−153
Accounts payable and accrued liabilities	−13	188	170	−34	125
Operating lease liabilities	−114	−97	−73	−86	−83
Income taxes	6	−73	198	2	29
Deferred revenue	235	9	−113	414	—
Unrealized loss on settlement of interest rate treasury lock	−122	0	0	—	—
Net cash provided by operating activities	1,519	1,407	1,703	1,739	1,493
Proceeds from maturities of short-term investments	58	127	127	—	—
Proceeds from sales of short-term investments	157	12	3	—	—
Purchases of short-term investments	−66	−137	−131	−97	−162
Proceeds from sales of strategic investments	4	56	8	582,000	0
Purchases of strategic investments	−4	−1	−435,000	−7	−8
Purchases of property and equipment, net	−169	−140	−190	−137	−94
Proceeds from sale of building	74	16	0	—	—
Acquisitions, net of cash acquired	−16,681	−157	−298	−422	−296
Proceeds from business divestitures, net of cash divested	747	1,447	0	0	—
Capitalization of software development costs	0	0	−2	−2	−2
Other	−365,000	0	0	−1	−800,000
Net cash provided by (used in) investing activities	−15,881	1,223	−482	−573	−549
Proceeds from debt, net of issuance costs	14,329	0	0	—	—
Repayment of debt	−864	−3	−3	−77	−28
Payment of bridge financing and term loan costs	0	−72	0	0	—
Issuances of common stock	228	232	253	238	211
Payments for taxes related to net share settlement of equity awards	−306	−338	−241	−174	−139
Purchase of equity forward contract	0	0	−45	0	−35
Purchases of treasury stock	0	0	−1,161	−1,100	−753
Redemption of redeemable non-controlling interest	−30	0	0	—	—
Other	−3	−1	−122,000	−3	−4
Net cash provided by (used in) financing activities	13,356	−181	−1,197	−1,116	−749
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2	9	−3	—	—
Net change in cash, cash equivalents and restricted cash	−1,005	2,458	21	−15	197
Cash paid for income taxes during the year:	513	680	98	168	150
Interest payments during the year:	354	814,000	996,000	1	3
Issuance of common stock for the acquisition of Ansys	17,106	0	0	—	—
Fair value of replacement equity awards in connection with the acquisition of Ansys	131	0	0	—	—
Purchase of property and equipment included in accounts payable	24	32	22	18	9
Conversion of notes receivable to non-marketable equity securities	0	0	2	14	0
Contingent consideration receivable in connection with divestiture	0	22	0	0	—

Filings

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