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INVESTMENTS (Tables)

9 Months Ended

Sep. 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												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)
Net gains (losses) recognized on equity securities			$	(14,480)					$	(16,149)					$	10,730					$	64,600
Less: Net gains recognized on equity securities sold			—						—						—						(20,367)
Net gains (losses) recognized on equity securities still held			$	(14,480)					$	(16,149)					$	10,730					$	44,233

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 September 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			$	72,274					$	767					$	(272)					$	72,769
Total available-for-sale securities			$	72,274					$	767					$	(272)					$	72,769

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

			(In thousands)
Due within 1 year			$	1,135
Due after 1 year through 5 years			15,252
Due after 5 years through 10 years			27,075
Due after 10 years			29,307
Total			$	72,769

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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- Definition

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+ References

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- Definition

Tabular disclosure of unrealized gains and losses on investments.

+ References

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