NASDAQ : CRNC
Cerence Inc. — Financial statements
Technology · Software - Application · United States
Last price 8.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 370.44M
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Financial statements
Cerence Inc. (CRNC) reported revenue of 309.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 309.49M | 251.78M | 331.50M | 294.48M | 327.89M | 387.18M |
| Cost of Revenue | 65.94M | 68.64M | 87.13M | 94.75M | 94.18M | 93.56M |
| Gross Profit | 243.56M | 183.14M | 244.38M | 199.73M | 233.71M | 293.62M |
| Selling, General & Admin | 96.08M | 70.58M | 74.19M | 85.41M | 73.75M | 95.66M |
| Research & Development | 110.64M | 97.76M | 121.56M | 123.33M | 107.12M | 112.07M |
| Amortization of Goodwill & Intangibles | 1.67M | 2.31M | 6.27M | 14.50M | 20.21M | |
| Operating Expenses | 206.72M | 170.01M | 198.06M | 215.01M | 195.37M | 227.94M |
| Operating Income | 36.84M | 13.13M | 46.31M | -15.28M | 38.34M | 65.69M |
| Interest Expense | -6.30M | -10.22M | -12.55M | -14.77M | -14.39M | -14.00M |
| Interest & Investment Income | 2.83M | 3.85M | 5.35M | 4.47M | 1.01M | 109.00K |
| Currency Exchange Gain (Loss) | 2.14M | 1.32M | 1.06M | 2.49M | -2.51M | |
| Other Non Operating Income (Expenses) | -419.00K | 592.00K | 1.46M | -51.00K | -1.02M | 4.08M |
| EBT Excluding Unusual Items | 35.09M | 8.67M | 41.64M | -23.14M | 23.93M | 53.36M |
| Merger & Restructuring Charges | -8.31M | -12.07M | -13.48M | -8.24M | -2.35M | -3.08M |
| Impairment of Goodwill | -609.17M | -213.72M | ||||
| Gain (Loss) on Sale of Investments | -2.40M | -2.40M | ||||
| Other Unusual Items | -1.21M | -3.02M | -3.59M | -5.01M | -6.62M | -2.01M |
| Pretax Income | 23.16M | -8.82M | -584.61M | -36.39M | -198.75M | 48.27M |
| Income Tax Expense | 38.56M | 9.89M | 3.47M | 19.86M | 112.08M | 2.38M |
| Net Income | -15.39M | -18.71M | -588.08M | -56.25M | -310.83M | 45.89M |
| Net Income to Common | -15.39M | -18.71M | -588.08M | -56.25M | -310.83M | 45.89M |
| Shares Outstanding (Basic) | 44.64M | 43.18M | 41.64M | 40.22M | 39.19M | 37.75M |
| Shares Outstanding (Diluted) | 44.64M | 43.18M | 41.64M | 40.22M | 39.19M | 39.29M |
| EPS (Basic) | -0.34 | -0.43 | -14.12 | -1.40 | -7.93 | 1.22 |
| EPS (Diluted) | -0.35 | -0.43 | -14.12 | -1.40 | -7.93 | 1.17 |
| Free Cash Flow | 78.64M | 46.82M | 12.20M | 2.37M | -19.58M | 62.34M |
| Free Cash Flow Per Share | 1.76 | 1.08 | 0.29 | 0.06 | -0.50 | 1.59 |
| Gross Margin | 78.70% | 72.74% | 73.72% | 67.82% | 71.28% | 75.84% |
| Operating Margin | 11.90% | 5.21% | 13.97% | -5.19% | 11.69% | 16.96% |
| Profit Margin | -4.97% | -7.43% | -177.40% | -19.10% | -94.80% | 11.85% |
| Free Cash Flow Margin | 25.41% | 18.59% | 3.68% | 0.81% | -5.97% | 16.10% |
| EBITDA | 43.69M | 20.68M | 54.24M | -3.24M | 58.58M | 91.95M |
| EBITDA Margin | 14.12% | 8.21% | 16.36% | -1.10% | 17.87% | 23.75% |
| D&A For EBITDA | 6.86M | 7.55M | 7.93M | 12.04M | 20.24M | 26.26M |
| EBIT | 36.84M | 13.13M | 46.31M | -15.28M | 38.34M | 65.69M |
| EBIT Margin | 11.90% | 5.21% | 13.97% | -5.19% | 11.69% | 16.96% |
| Effective Tax Rate | 166.46% | 4.92% | ||||
| Revenue as Reported | 309.49M | 251.78M | 331.50M | 294.48M | 327.89M | 387.18M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 127.61M | 84.02M | 121.48M | 101.15M | 94.85M | 128.43M |
| Short-Term Investments | 3.43M | 5.50M | 9.21M | 20.32M | 32.44M | |
| Cash & Short-Term Investments | 127.61M | 87.45M | 126.99M | 110.36M | 115.16M | 160.86M |
| Receivables | 45.90M | 58.94M | 62.76M | 61.27M | 45.07M | 45.56M |
| Inventory | 800.00K | 1.10M | 1.00M | 500.00K | ||
| Prepaid Expenses | 33.62M | 38.77M | 39.42M | 46.18M | 58.56M | 73.30M |
| Other Current Assets | 4.33M | 4.50M | 35.35M | 7.41M | 8.72M | 7.33M |
| Total Current Assets | 212.26M | 190.76M | 265.51M | 225.73M | 227.52M | 287.05M |
| Property, Plant & Equipment | 43.83M | 52.52M | 43.02M | 45.97M | 52.41M | 46.41M |
| Long-Term Investments | 2.60M | 2.60M | 6.05M | 13.21M | 14.68M | 9.94M |
| Goodwill | 295.98M | 299.00M | 296.86M | 900.34M | 890.80M | 1.13B |
| Other Intangible Assets | 1.71M | 3.88M | 9.70M | 25.35M | ||
| Long-Term Deferred Tax Assets | 38.71M | 54.21M | 51.40M | 46.60M | 51.99M | 159.29M |
| Long-Term Deferred Charges | 13.02M | 15.50M | 18.05M | 20.30M | 22.45M | 31.70M |
| Other Long-Term Assets | 14.55M | 16.00M | 19.77M | 41.56M | 48.94M | 17.48M |
| Total Assets | 620.94M | 630.59M | 702.36M | 1.30B | 1.32B | 1.71B |
| Accounts Payable | 2.69M | 901.00K | 3.96M | 16.87M | 10.37M | 11.64M |
| Accrued Expenses | 29.73M | 37.94M | 28.17M | 37.55M | 30.00M | 53.63M |
| Current Portion of Long-Term Debt | 87.09M | 10.94M | 6.25M | |||
| Current Portion of Leases | 4.06M | 4.40M | 4.92M | 5.87M | 5.51M | 4.99M |
| Current Unearned Revenue | 55.80M | 51.87M | 52.82M | 77.07M | 72.66M | 78.39M |
| Other Current Liabilities | 9.65M | 6.09M | 39.84M | 10.73M | 17.55M | 10.40M |
| Total Current Liabilities | 101.94M | 101.19M | 216.81M | 148.09M | 147.03M | 165.31M |
| Long-Term Debt | 173.46M | 199.69M | 194.81M | 275.95M | 259.44M | 265.09M |
| Long-Term Leases | 9.54M | 13.08M | 8.86M | 8.36M | 12.18M | 13.45M |
| Long-Term Unearned Revenue | 142.41M | 140.02M | 114.35M | 145.53M | 165.97M | 198.34M |
| Other Long-Term Liabilities | 27.24M | 25.93M | 26.43M | 24.79M | 20.93M | 31.59M |
| Total Liabilities | 454.58M | 479.92M | 561.26M | 602.72M | 605.54M | 673.78M |
| Common Stock | 451.00K | 434.00K | 419.00K | 404.00K | 394.00K | 381.00K |
| Additional Paid-In Capital | 1.14B | 1.12B | 1.09B | 1.06B | 1.03B | 1.00B |
| Retained Earnings | -942.49M | -940.45M | -921.74M | -333.66M | -283.25M | 27.58M |
| Comprehensive Income & Other | -27.88M | -25.47M | -25.91M | -27.97M | -33.74M | 1.63M |
| Shareholders' Equity | 166.35M | 150.68M | 141.10M | 694.88M | 712.95M | 1.03B |
| Total Liabilities & Equity | 620.94M | 630.59M | 702.36M | 1.30B | 1.32B | 1.71B |
| Total Debt | 187.05M | 217.17M | 295.68M | 290.18M | 288.06M | 289.79M |
| Net Cash (Debt) | -59.45M | -129.72M | -165.24M | -169.21M | -161.31M | -121.58M |
| Net Cash Per Share | -1.33 | -3.00 | -3.97 | -4.21 | -4.12 | -3.09 |
| Filing Date Shares Outstanding | 45.23M | 44.94M | 42.83M | 41.14M | 39.94M | 38.54M |
| Total Common Shares Outstanding | 45.19M | 43.37M | 41.92M | 40.42M | 39.43M | 38.02M |
| Working Capital | 110.32M | 89.57M | 48.70M | 77.63M | 80.49M | 121.74M |
| Book Value Per Share | 3.68 | 3.47 | 3.37 | 17.19 | 18.08 | 27.14 |
| Tangible Book Value | -129.62M | -148.33M | -157.47M | -209.34M | -187.55M | -121.91M |
| Tangible Book Value Per Share | -2.87 | -3.42 | -3.76 | -5.18 | -4.76 | -3.21 |
| Machinery | 82.56M | 83.69M | 78.28M | 75.92M | 54.11M | |
| Construction In Progress | 8.22M | 1.09M | 2.30M | 12.38M | ||
| Leasehold Improvements | 5.61M | 9.46M | 10.38M | 10.11M | 8.49M | |
| Order Backlog | 1.17B | 952.70M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -15.39M | -18.71M | -588.08M | -56.25M | -310.83M | 45.89M |
| Depreciation & Amortization | 6.86M | 7.55M | 7.93M | 12.04M | 20.24M | 26.26M |
| Other Amortization | 3.00M | 3.00M | 2.70M | 4.00M | 3.70M | 3.40M |
| Asset Writedown & Restructuring Costs | 609.17M | 213.72M | ||||
| Stock-Based Compensation | 26.92M | 27.35M | 23.67M | 40.77M | 28.08M | 60.55M |
| Provision & Write-off of Bad Debts | 18.00K | 220.00K | 3.54M | 3.63M | -413.00K | -415.00K |
| Other Operating Activities | 27.08M | 5.23M | -120.00K | 5.06M | 108.68M | -12.00K |
| Change in Accounts Receivable | 9.09M | -1.40M | 11.76M | -16.96M | -6.59M | 5.75M |
| Change in Accounts Payable | -2.95M | -3.15M | -12.55M | 5.77M | 157.00K | 3.41M |
| Change in Unearned Revenue | 16.55M | 23.30M | -61.04M | -21.53M | -28.30M | -45.65M |
| Change in Other Net Operating Assets | 13.53M | 17.78M | 20.21M | 30.98M | -30.58M | -24.80M |
| Operating Cash Flow | 84.71M | 61.17M | 17.20M | 7.50M | -2.14M | 74.39M |
| Capital Expenditures | -6.07M | -14.36M | -5.00M | -5.12M | -17.45M | -12.05M |
| Investment in Securities | 5.44M | 5.51M | 11.11M | 12.30M | 4.86M | -30.68M |
| Other Investing Activities | -1.44M | -1.71M | -1.74M | -1.35M | 2.02M | 1.10M |
| Investing Cash Flow | -2.07M | -10.55M | 4.38M | 5.82M | -10.56M | -41.63M |
| Short-Term Debt Issued | 24.70M | |||||
| Long-Term Debt Issued | 210.00M | |||||
| Total Debt Issued | 234.70M | |||||
| Short-Term Debt Repaid | -87.09M | -24.70M | ||||
| Long-Term Debt Repaid | -411.00K | -392.00K | -198.89M | -6.67M | -6.74M | |
| Total Debt Repaid | -27.69M | -87.50M | -392.00K | -223.59M | -6.67M | -6.74M |
| Net Debt Issued (Repaid) | -27.69M | -87.50M | -392.00K | 11.11M | -6.67M | -6.74M |
| Issuance of Common Stock | 8.79M | 2.88M | 10.90M | 5.62M | 36.06M | 11.52M |
| Repurchase of Common Stock | -7.79M | -2.38M | -9.87M | -4.89M | -49.00M | -45.77M |
| Other Financing Activities | -419.00K | -17.18M | -520.00K | |||
| Financing Cash Flow | -26.69M | -87.00M | 225.00K | -5.33M | -19.61M | -41.51M |
| Foreign Exchange Rate Adjustments | -2.02M | -1.09M | -1.47M | -1.68M | -1.27M | 1.11M |
| Net Cash Flow | 53.94M | -37.47M | 20.33M | 6.31M | -33.58M | -7.64M |
| Free Cash Flow | 78.64M | 46.82M | 12.20M | 2.37M | -19.58M | 62.34M |
| Free Cash Flow Margin | 25.41% | 18.59% | 3.68% | 0.81% | -5.97% | 16.10% |
| Free Cash Flow Per Share | 1.76 | 1.08 | 0.29 | 0.06 | -0.50 | 1.59 |
| Levered Free Cash Flow | 70.75M | 32.58M | 9.82M | 41.53M | 39.88M | 54.32M |
| Unlevered Free Cash Flow | 74.68M | 38.96M | 17.66M | 50.76M | 48.88M | 63.07M |
| Cash Interest Paid | 4.50M | 5.55M | 6.03M | 11.57M | 9.09M | 9.55M |
| Cash Income Tax Paid | 13.00M | 6.71M | 10.18M | 11.19M | 12.27M | 6.18M |
| Change in Working Capital | 36.23M | 36.53M | -41.63M | -1.74M | -65.32M | -61.29M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 363.65M | 539.76M | 131.68M | 821.59M | 620.29M | 3.65B |
| Enterprise Value | 423.10M | 677.62M | 298.54M | 1.00B | 772.57M | 3.79B |
| Last Close Price | 8.09 | 12.46 | 3.15 | 20.37 | 15.75 | 96.11 |
| PE Ratio | 79.59 | |||||
| Forward PE | 10.65 | 64.73 | 17.77 | 20.07 | 58.92 | 37.62 |
| PS Ratio | 1.20 | 2.14 | 0.40 | 2.79 | 1.89 | 9.43 |
| PB Ratio | 2.20 | 3.58 | 0.93 | 1.18 | 0.87 | 3.54 |
| P/FCF Ratio | 4.73 | 11.53 | 10.79 | 346.08 | 58.59 | |
| P/OCF Ratio | 4.39 | 8.82 | 7.66 | 109.57 | 49.10 | |
| PEG Ratio | 1.83 | 1.83 | 0.98 | 14.73 | 2.51 | |
| EV/Sales Ratio | 1.39 | 2.69 | 0.90 | 3.40 | 2.36 | 9.78 |
| EV/EBITDA Ratio | 9.87 | 32.77 | 5.50 | 13.19 | 41.19 | |
| EV/EBIT Ratio | 11.71 | 51.62 | 6.45 | 20.15 | 57.66 | |
| EV/FCF Ratio | 5.48 | 14.47 | 24.47 | 421.53 | 60.75 | |
| Debt / Equity Ratio | 1.12 | 1.44 | 2.10 | 0.42 | 0.40 | 0.28 |
| Debt / EBITDA Ratio | 3.66 | 7.69 | 4.71 | 47.03 | 4.19 | 2.85 |
| Debt / FCF Ratio | 2.38 | 4.64 | 24.24 | 122.23 | 4.65 | |
| Net Debt / Equity Ratio | 0.36 | 0.86 | 1.17 | 0.24 | 0.23 | 0.12 |
| Net Debt / EBITDA Ratio | 1.36 | 6.27 | 3.05 | -52.16 | 2.75 | 1.32 |
| Net Debt / FCF Ratio | 0.76 | 2.77 | 13.54 | 71.27 | -8.24 | 1.95 |
| Asset Turnover | 0.49 | 0.38 | 0.33 | 0.23 | 0.22 | 0.23 |
| Inventory Turnover | 48.84 | 65.38 | 116.17 | |||
| Quick Ratio | 1.70 | 1.45 | 0.88 | 1.16 | 1.09 | 1.25 |
| Current Ratio | 2.08 | 1.89 | 1.23 | 1.52 | 1.55 | 1.74 |
| Return on Equity (ROE) | -9.56% | -12.83% | -140.69% | -7.99% | -35.63% | 4.61% |
| Return on Assets (ROA) | 3.66% | 1.23% | 2.90% | -0.73% | 1.58% | 2.42% |
| Return on Invested Capital (ROIC) | -10.56% | 4.45% | 7.82% | -1.74% | 3.75% | 5.50% |
| Return on Capital Employed (ROCE) | 7.10% | 2.50% | 9.50% | -1.30% | 3.30% | 4.30% |
| Earnings Yield | -4.36% | -3.47% | -446.59% | -6.85% | -50.11% | 1.26% |
| FCF Yield | 21.15% | 8.67% | 9.26% | 0.29% | -3.16% | 1.71% |
| Buyback Yield / Dilution | -4.27% | -3.69% | -3.55% | -2.62% | 0.26% | -7.85% |