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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 87,759 $ 99,775
Marketable securities 507,066 382,023
Accounts receivable 107,077 122,813
Unbilled receivables 26,061 25,070
Inventories 38,603 44,634
Prepaids and other current assets 17,191 15,942
Total current assets 783,757 690,257
Intangible assets, net 13,615 17,059
Goodwill 286,812 286,812
Property and equipment, net 106,155 75,509
Operating lease right-of-use assets 19,302 21,454
Deferred tax assets 131,224 136,466
Income taxes receivable 121,297 109,947
Other assets 5,649 5,632
Total assets 1,467,811 1,343,136
Current liabilities:    
Accounts payable 11,157 18,522
Accrued salaries and benefits 18,438 19,193
Deferred revenue 18,845 19,903
EDA tools software licenses liability 12,608 8,438
Operating lease liabilities 5,975 5,617
Other current liabilities 5,205 10,139
Total current liabilities 72,228 81,812
Long-term operating lease liabilities 21,961 24,534
Long-term income taxes payable 120,224 109,383
Long-term EDA tools software licenses liability 21,106 1,588
Other long-term liabilities 4,312 5,127
Total liabilities 239,831 222,444
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 June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value: Authorized: 500,000,000 shares; issued and outstanding: 107,593,820 shares as of June 30, 2025 and 106,843,112 shares as of December 31, 2024 108 107
Additional paid-in capital 1,264,056 1,275,505
Accumulated deficit (35,422) (153,660)
Accumulated other comprehensive loss (762) (1,260)
Total stockholders’ equity 1,227,980 1,120,692
Total liabilities and stockholders’ equity $ 1,467,811 $ 1,343,136