STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-based compensation expense is reflected in Cadence’s condensed consolidated income statements for the three months ended March 31, 2025 and March 31, 2024 as follows:


	Three Months Ended
		March 31, 2025		March 31, 2024
		(In thousands)
Cost of product and maintenance		$	2,154	$	1,280
Cost of services		2,466		1,629
Marketing and sales		21,671		17,836
Research and development		67,089		53,637
General and administrative		14,233		13,747
Total stock-based compensation expense		$	107,613	$	88,129

Cadence had total unrecognized compensation expense related to stock option and restricted stock grants of $830.0 million as of March 31, 2025, which is expected to be recognized over a weighted average vesting period of 2.1 years.