INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Gain (Loss) on Securities

The portion of gains and losses included in Cadence’s condensed consolidated income statements related to equity securities still held at the end of the period were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
	(In thousands)
Net gains recognized on equity securities	$	38,470	$	25,351	$	25,211	$	80,749
Less: Net gains recognized on equity securities sold	—		—		—		(20,367)
Net gains recognized on equity securities still held	$	38,470	$	25,351	$	25,211	$	60,382

Unrealized Gain (Loss) on Investments

The following is a summary of Cadence’s available-for-sale debt securities recorded within prepaid expenses and other on its condensed consolidated balance sheets:

	As of June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In thousands)
Available-for-sale debt securities
Mortgage-backed and asset-backed securities	$	60,127	$	589	$	(223)	$	60,493
Total available-for-sale securities	$	60,127	$	589	$	(223)	$	60,493

	As of December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In thousands)
Available-for-sale debt securities
Mortgage-backed and asset-backed securities	$	50,604	$	230	$	(582)	$	50,252
Total available-for-sale securities	$	50,604	$	230	$	(582)	$	50,252

Investments Classified by Contractual Maturity Date

As of June 30, 2025, the fair values of available-for-sale debt securities, by remaining contractual maturity, were as follows:

	(In thousands)
Due within 1 year	$	1,678
Due after 1 year through 5 years	11,592
Due after 5 years through 10 years	22,187
Due after 10 years	25,036
Total	$	60,493