Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 152

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 8
Chunk 152
---
 unaudited pro forma financial information presents combined results of operations for each of the periods presented, as if Ansys had been acquired as of the beginning of fiscal year 2024. Three Months Ended  July 31,Nine Months Ended  July 31,2025202420252024(in thousands)Pro forma total revenue$2,290,354 $2,105,893 $6,666,029 $6,385,630 Pro forma net income (loss)$214,539 $107,135 $294,183 $(127,250)

The unaudited pro forma financial information reflects significant non-recurring adjustments, including transaction costs of $298.4 million, stock-based compensation costs of $71.5 million, and severance costs of $8.2 million. This information is provided for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisition actually occurred at the beginning of fiscal year 2024, or of the results of our future operations of the combined business.

Note 5. Revenue

Disaggregated Revenue

15

The following table shows the percentage of revenue by product groups:Three Months Ended  July 31,Nine Months Ended  July 31,2025202420252024EDA68.6 %66.9 %67.6 %66.8 %Design IP24.6 %30.4 %28.0 %30.9 %Simulation and Analysis4.5 %— %1.6 %— %Other2.3 %2.7 %2.8 %2.3 %Total100.0 %100.0 %100.0 %100.0 %Contract BalancesThe timing of revenue recognition may differ from the timing of invoicing customers, resulting in receivables, contract assets, or contract liabilities (deferred revenue) on Synopsys's condensed consolidated balance sheets. For specific software, hardware, and IP agreements with payment plans, Synopsys records an unbilled receivable associated with revenue recognized upon transfer of control, as it holds an unconditional right to invoice and receive payment in the future for those transferred products or services.A contract asset is recorded when revenue is recognized before Synopsys has the unconditional right to invoice or retains performance risk concerning that performance obligation. These contract assets transition to receivables when the