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REVENUE (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from external customers by product category The following table shows the percentage of revenue contributed by each of Cadence’s product categories for fiscal 2024, 2023 and 2022:
 202420232022
Core EDA
71 %76 %76 %
IP13 %12 %12 %
System Design and Analysis16 %12 %12 %
Total100 %100 %100 %
_____________
* Includes immaterial amount of revenue accounted for under leasing arrangements.
Disaggregation of Revenue
The following table shows the percentage of Cadence’s revenue that is classified as recurring or up-front for fiscal 2024, 2023 and 2022:
 202420232022
Revenue recognized over time80 %81 %83 %
Revenue from arrangements with non-cancelable commitments%%%
Recurring revenue83 %84 %85 %
Up-front revenue17 %16 %15 %
Total100 %100 %100 %
Contract assets and deferred revenue
Cadence’s contract balances as of December 31, 2024, and December 31, 2023, were as follows:
 As of
 December 31,
2024
December 31,
2023
 (In thousands)
Contract assets$29,339 $17,554 
Deferred revenue852,581 763,955