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RECEIVABLES, NET
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
RECEIVABLES, NET RECEIVABLES, NET
Cadence’s current and long-term receivables balances as of June 30, 2025 and December 31, 2024 were as follows:
 As of
 June 30,
2025
December 31,
2024
 (In thousands)
Accounts receivable$359,103 $393,017 
Unbilled accounts receivable315,586 293,251 
Long-term receivables51,464 24,179 
Total receivables726,153 710,447 
Less allowance for doubtful accounts(4,523)(5,808)
Total receivables, net$721,630 $704,639 
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 30, 2025, one customer accounted for approximately 10% of Cadence’s total receivables. As of December 31, 2024, one customer accounted for approximately 11% of Cadence’s total receivables.