Company research
Cerence Inc.
CIK 1768267Updated Sep 25, 2026
SecurityCRNC · NASDAQ · equity
Name history
Cerence LLC · through Aug 30, 2019
CRNC price & chart
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Recent filings
Other Events
Items 8.01
10-Q filing
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
10-Q filing
Show 1 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 630,591,000Source | 702,358,000Source | 1,297,590,000Source | 1,318,493,000Source |
| GoodwillUSD | 299,003,000Source | 296,858,000Source | 900,342,000Source | 890,802,000Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 58,937,000Source | 62,755,000Source | 61,270,000Source | 45,073,000Source |
| Inventory, NetUSD | 1,100,000Source | 1,000,000Source | — | — |
| Assets, CurrentUSD | 190,757,000Source | 265,509,000Source | 225,727,000Source | 227,519,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 39,889,000Source | 70,481,000Source | 47,157,000Source | 60,184,000Source |
| Operating Lease, Right-of-Use AssetUSD | 16,762,000Source | 12,879,000Source | 11,961,000Source | 14,702,000Source |
| Other Assets, NoncurrentUSD | 18,600,000Source | 22,365,000Source | 44,165,000Source | 52,039,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 479,915,000Source | 561,261,000Source | 602,715,000Source | 605,543,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 434,000Source | 419,000Source | 404,000Source | 394,000Source |
| Retained Earnings (Accumulated Deficit)USD | -940,454,000Source | -921,740,000Source | -333,662,000Source | -283,249,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -25,469,000Source | -25,912,000Source | -27,966,000Source | -33,737,000Source |
| Stockholders' Equity Attributable to ParentUSD | 150,676,000Source | 141,097,000Source | 694,875,000Source | 712,950,000Source |
| Additional Paid in Capital, Common StockUSD | 1,116,165,000Source | 1,088,330,000Source | 1,056,099,000Source | 1,029,542,000Source |
| Liabilities and EquityUSD | 630,591,000Source | 702,358,000Source | 1,297,590,000Source | 1,318,493,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 101,190,000Source | 216,808,000Source | 148,093,000Source | 147,033,000Source |
| Operating Lease, Liability, CurrentUSD | 4,344,000Source | 4,528,000Source | 5,434,000Source | 5,071,000Source |
| Accounts Payable, CurrentUSD | 901,000Source | 3,959,000Source | 16,873,000Source | 10,372,000Source |
| Operating Lease, Liability, NoncurrentUSD | 13,083,000Source | 8,803,000Source | 7,947,000Source | 11,375,000Source |
| Other Liabilities, NoncurrentUSD | 25,928,000Source | 26,484,000Source | 25,193,000Source | 21,727,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 8,000Source | 31,000Source | — | — |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | -549,000Source | 11,000Source | -528,000Source | -594,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 199,693,000Source | — | 275,951,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 87,094,000Source | — | 10,938,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 199,693,000Source | 194,812,000Source | 275,951,000Source | 259,436,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -18,714,000Source | -588,078,000Source | -56,254,000Source | -310,826,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 27,351,000Source | 23,673,000Source | 40,766,000Source | 28,076,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,398,000Source | -11,760,000Source | 16,964,000Source | 6,590,000Source |
| Increase (Decrease) in Accounts PayableUSD | -3,150,000Source | -12,555,000Source | 5,774,000Source | 157,000Source |
| Deferred Income Tax Expense (Benefit)USD | 241,000Source | -4,658,000Source | 7,597,000Source | 97,287,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 61,173,000Source | 17,196,000Source | 7,498,000Source | -2,138,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -10,554,000Source | 4,379,000Source | 5,820,000Source | -10,565,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 1,710,000Source | 1,737,000Source | 1,355,000Source | -2,019,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 14,356,000Source | 4,996,000Source | 5,124,000Source | 17,446,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,380,000Source | 9,865,000Source | 4,894,000Source | 49,003,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -87,001,000Source | 225,000Source | -5,334,000Source | -19,606,000Source |
| Repayments of Long-term DebtUSD | 0Source | — | 198,438,000Source | 6,250,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -37,468,000Source | 20,331,000Source | 6,307,000Source | -33,581,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,555,000Source | 6,028,000Source | 11,570,000Source | 9,088,000Source |
| Income Taxes Paid, NetUSD | 6,706,000Source | 10,180,000Source | 11,185,000Source | 12,273,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 3,000,000Source | 2,700,000Source | 4,000,000Source | 3,700,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 27,351,000Source | 23,673,000Source | 40,766,000Source | 28,076,000Source |
| Amortization of Intangible AssetsUSD | 1,700,000Source | — | — | — |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously RecordedUSD | 2,400,000Source | — | — | — |
| DepreciationUSD | 8,900,000Source | 8,300,000Source | 9,800,000Source | 9,400,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | 0Source | 500,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,600,000Source | -1,800,000Source | 2,300,000Source | 100,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 2,561,000Source | 1,454,000Source | 3,393,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 327,000Source | — | -1,333,000Source | — |
| General and Administrative ExpenseUSD | 48,770,000Source | 52,468,000Source | 57,903,000Source | 42,653,000Source |
| GoodwillUSD | 299,003,000Source | 296,858,000Source | 900,342,000Source | 890,802,000Source |
| Goodwill, Impairment LossUSD | 0Source | 609,172,000Source | 0Source | 213,700,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 9,893,000Source | 3,468,000Source | 19,865,000Source | 112,075,000Source |
| InterestExpenseNonoperatingUSD | 10,223,000Source | — | — | — |
| Investment Income, InterestUSD | 3,853,000Source | 5,353,000Source | 4,471,000Source | 1,007,000Source |
| Marketable Securities, Unrealized Gain (Loss)USD | 100,000Source | 300,000Source | -200,000Source | -400,000Source |
| Net Income (Loss) Attributable to ParentUSD | -18,714,000Source | -588,078,000Source | -56,254,000Source | -310,826,000Source |
| Operating ExpensesUSD | 185,427,000Source | 824,208,000Source | 226,511,000Source | 415,068,000Source |
| Other Nonoperating Income (Expense)USD | -160,000Source | 2,526,000Source | 1,108,000Source | -1,019,000Source |
| Proceeds from Issuance of Common StockUSD | 2,879,000Source | 10,901,000Source | 5,625,000Source | 36,062,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | — | 210,000,000Source | — |
| Restructuring CostsUSD | 15,418,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 251,781,000Source | 331,504,000Source | 294,475,000Source | 327,891,000Source |
| Cost of RevenueUSD | 68,645,000Source | 87,232,000Source | 95,163,000Source | 97,168,000Source |
| Operating Income (Loss)USD | -2,291,000Source | -579,936,000Source | -27,199,000Source | -184,345,000Source |
| Other Nonoperating Income (Expense)USD | -160,000Source | 2,526,000Source | 1,108,000Source | -1,019,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -8,821,000Source | -584,610,000Source | -36,389,000Source | -198,751,000Source |
| Income Tax Expense (Benefit)USD | 9,893,000Source | 3,468,000Source | 19,865,000Source | 112,075,000Source |
| Net Income (Loss) Attributable to ParentUSD | -18,714,000Source | -588,078,000Source | -56,254,000Source | -310,826,000Source |
| Earnings Per Share, BasicUSD per share | -0.43Source | -14.12Source | -1.4Source | -7.93Source |
| Earnings Per Share, DilutedUSD per share | -0.43Source | -14.12Source | -1.4Source | -7.93Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 43,180,000Source | 41,642,000Source | 40,215,000Source | 39,187,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 43,180,000Source | 41,642,000Source | 40,215,000Source | 39,187,000Source |
| Interest Expense (non-operating)USD | 10,223,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,700,000Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 9,652,000Source | 8,126,000Source | 12,268,000Source | 14,788,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 10,549,000Source | 10,630,000Source | 16,038,000Source | 23,939,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | 0Source | 500,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,600,000Source | -1,800,000Source | 2,300,000Source | 100,000Source |
| General and Administrative ExpenseUSD | 48,770,000Source | 52,468,000Source | 57,903,000Source | 42,653,000Source |
| Goodwill, Impairment LossUSD | 0Source | 609,172,000Source | 0Source | 213,700,000Source |
| Gross ProfitUSD | 183,136,000Source | 244,272,000Source | 199,312,000Source | 230,723,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -26,686,000Source | -524,632,000Source | -24,524,000Source | -168,452,000Source |
| Interest ExpenseUSD | — | 12,553,000Source | 14,769,000Source | 14,394,000Source |
| Investment Income, InterestUSD | 3,853,000Source | 5,353,000Source | 4,471,000Source | 1,007,000Source |
| Operating ExpensesUSD | 185,427,000Source | 824,208,000Source | 226,511,000Source | 415,068,000Source |
| Research and Development ExpenseUSD | 97,756,000Source | 121,563,000Source | 123,333,000Source | 107,116,000Source |
| Restructuring CostsUSD | 15,418,000Source | — | — | — |
| Selling and Marketing ExpenseUSD | 21,815,000Source | 21,725,000Source | 27,504,000Source | 31,098,000Source |