v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 87,720 $ 182,826
Marketable securities 737,228 579,005
Accounts receivable 144,094 137,476
Unbilled receivables 22,768 25,209
Inventories 74,836 44,098
Prepaids and other current assets 20,750 20,202
Total current assets 1,087,396 988,816
Intangible assets, net 6,875 10,171
Goodwill 286,812 286,812
Property and equipment, net 114,523 113,051
Operating lease right-of-use assets 14,855 17,112
Deferred tax assets 94,619 105,542
Other assets 7,248 8,041
Total assets 1,612,328 1,529,545
Current liabilities:    
Accounts payable 37,640 35,915
Accrued salaries and benefits 21,667 22,044
Deferred revenue 21,179 29,980
EDA tools software licenses liability 14,815 14,884
Operating lease liabilities 6,035 6,310
Other current liabilities 10,150 11,441
Total current liabilities 111,486 120,574
Long-term operating lease liabilities 15,768 18,671
Long-term EDA tools software licenses liability 13,367 20,908
Other long-term liabilities 5,048 4,967
Total liabilities 145,669 165,120
Commitments and contingencies (Notes 10, 11 and 15)
Stockholders’ equity:    
Convertible preferred stock, $0.001 par value: Authorized: 5,000,000 shares; issued and outstanding: no shares as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value: Authorized: 500,000,000 shares; issued and outstanding: 108,461,603 shares as of June 30, 2026 and 107,781,863 shares as of December 31, 2025 108 108
Additional paid-in capital 1,264,582 1,287,646
Retained earnings 204,258 76,795
Accumulated other comprehensive loss (2,289) (124)
Total stockholders’ equity 1,466,659 1,364,425
Total liabilities and stockholders’ equity $ 1,612,328 $ 1,529,545