Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 30

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 30
---
              1.4 |     |              4.8 |
| Amortization of acquired intangible assets               |     |                44.7 |     |             45.3 |     |            108.0 |
| Adjusted Gross Margin                                    |     |            $3,825.7 |     |         $4,413.4 |     |         $5,093.5 |

| (1) | Amounts may not total due to rounding. |

Adjusted gross profit is a non-GAAP financial measure of Ansys’ performance and is defined herein as gross profit, adjusted for acquisition accounting for deferred revenue, stock-based compensation expense, excess payroll taxes related to stock-based awards and amortization of intangible assets from acquisitions. The following table presents a reconciliation of gross profit, the most directly comparable financial measure calculated and presented in accordance with GAAP, to adjusted gross profit for each of the periods indicated:

| ($ in millions)(1)                                  |     |       Ansys Historical 
 Year Ended December 31 
                   2022 |     |     2023 |     |     2024 |
|:----------------------------------------------------|:----|-----------------------:|:----|---------:|:----|---------:|
| Gross profit                                        |     |               $1,814.9 |     | $1,998.7 |     | $2,265.0 |
| Acquisition accounting for deferred revenue         |     |                    7.3 |     |        — |     |        — |
| Stock-based compensation expense                    |     |                   10.1 |     |     13.3 |     |     14.3 |
| Excess payroll taxes related to stock-based awards  |     |                    0.5 |     |      0.3 |     |      0.5 |
| Amortization of intangible assets from acquisitions |     |                   69.4 |     |     81.0 |     |     88.6 |
| Adjusted Gross Profit                               |     |               $1,902.2 |     | $2,093.3 |     | $2,368.4 |

| (1) | Amounts may not total due to rounding. |

S-17

TABLE OF CONTENTS

Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure of Synopsys and is defined herein as net income from continuing operations attributed to Synopsys adjusted