v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 134,324 $ 182,826
Marketable securities 651,815 579,005
Accounts receivable 109,297 137,476
Unbilled receivables 24,869 25,209
Inventories 58,424 44,098
Prepaids and other current assets 21,151 20,202
Total current assets 999,880 988,816
Intangible assets, net 8,495 10,171
Goodwill 286,812 286,812
Property and equipment, net 113,278 113,051
Operating lease right-of-use assets 15,989 17,112
Deferred tax assets 101,484 105,542
Other assets 7,208 8,041
Total assets 1,533,146 1,529,545
Current liabilities:    
Accounts payable 35,290 35,915
Accrued salaries and benefits 16,853 22,044
Deferred revenue 23,719 29,980
EDA tools software licenses liability 15,036 14,884
Operating lease liabilities 6,362 6,310
Other current liabilities 4,567 11,441
Total current liabilities 101,827 120,574
Long-term operating lease liabilities 17,042 18,671
Long-term EDA tools software licenses liability 16,014 20,908
Other long-term liabilities 5,023 4,967
Total liabilities 139,906 165,120
Commitments and contingencies (Notes 9, 10 and 14)
Stockholders’ equity:    
Convertible preferred stock, $0.001 par value: Authorized: 500,000,000 shares; issued and outstanding: no shares as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value: Authorized: 500,000,000 shares; issued and outstanding: 108,136,967 shares as of March 31, 2026 and 107,781,863 shares as of December 31, 2025 108 108
Additional paid-in capital 1,258,153 1,287,646
Retained earnings 136,653 76,795
Accumulated other comprehensive loss (1,674) (124)
Total stockholders’ equity 1,393,240 1,364,425
Total liabilities and stockholders’ equity $ 1,533,146 $ 1,529,545