CRNC

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Cerence Inc.

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Key Metrics

Previous Close: $8.12
52-Week Range: $5.85 – $13.74
Market Cap: $359.58M
P/E (TTM): —
EPS (TTM): -0.36
Dividend Yield: —

Advanced Metrics

Price/Book: 2.16
PEG Ratio: —
Return on Equity: -9.56%
Return on Assets: 3.66%
Gross Margin: 78.70%
Operating Margin: 4.50%
Profit Margin: -4.97%
Current Ratio: 2.08
Debt/Equity: 1.12
Total Debt: $187.05M
Free Cash Flow: $70.75M
Revenue Growth: 11.80%
Earnings Growth: —
Enterprise Value: $426.71M

CRNC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$327.89M	$294.48M	$331.50M	$251.78M
Cost of Revenue	$97.17M	$95.16M	$87.23M	$68.64M
Gross Profit	$230.72M	$199.31M	$244.27M	$183.14M
Research & Development	$107.12M	$123.33M	$121.56M	$97.76M
Selling, General & Admin	$73.75M	$85.41M	$74.19M	$70.58M
Operating Expenses	$192.38M	$214.59M	$197.96M	$170.01M
Operating Income	$38.34M	-$15.28M	$46.31M	$13.13M
EBITDA	-$160.42M	-$5.58M	-$561.43M	$11.95M
Pretax Income	-$198.75M	-$36.39M	-$584.61M	-$8.82M
Income Tax	$112.08M	$19.86M	$3.47M	$9.89M
Net Income	-$310.83M	-$56.25M	-$588.08M	-$18.71M
Diluted EPS	-7.93	-1.40	-14.12	-0.43
Diluted Shares	39.19M	40.22M	41.64M	43.18M

CRNC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$94.85M	$101.15M	$121.48M	$84.02M
Receivables	$45.07M	$61.27M	$62.76M	$58.94M
Current Assets	$227.52M	$225.73M	$265.51M	$190.76M
Total Assets	$1.32B	$1.30B	$702.36M	$630.59M
Current Liabilities	$147.03M	$148.09M	$216.81M	$101.19M
Long-Term Debt	$259.44M	$275.95M	$194.81M	$199.69M
Total Debt	$286.82M	$289.33M	$295.24M	$217.12M
Total Liabilities	$605.54M	$602.72M	$561.26M	$479.92M
Retained Earnings	-$283.25M	-$333.66M	-$921.74M	-$940.45M
Shareholders' Equity	$712.95M	$694.88M	$141.10M	$150.68M
Working Capital	$80.49M	$77.63M	$48.70M	$89.57M
Net Debt	$175.53M	$174.80M	$160.42M	$115.68M

CRNC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$2.14M	$7.50M	$17.20M	$61.17M
Capital Expenditure	-$17.45M	-$5.12M	-$5.00M	-$14.36M
Free Cash Flow	-$19.58M	$2.37M	$12.20M	$46.82M
Depreciation & Amortisation	$23.94M	$16.04M	$10.63M	$10.55M
Stock-Based Compensation	$28.08M	$40.77M	$23.67M	$27.35M
Investing Cash Flow	-$10.56M	$5.82M	$4.38M	-$10.55M
Financing Cash Flow	-$19.61M	-$5.33M	$225.00K	-$87.00M
Dividends Paid	$0.00	—	—	—
Share Repurchases	-$49.00M	-$4.89M	—	—
Net Change in Cash	-$32.31M	$7.98M	$21.80M	-$36.38M

CRNC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$78.01M	$62.24M	$60.64M	$115.08M	$64.19M
Cost of Revenue	$17.83M	$16.35M	$16.64M	$15.73M	$16.90M
Gross Profit	$60.18M	$45.89M	$43.99M	$99.35M	$47.30M
Research & Development	$23.33M	$27.15M	$26.40M	$24.70M	$30.30M
Selling, General & Admin	$16.13M	$18.26M	$18.68M	$37.54M	$19.32M
Operating Expenses	$40.00M	$45.99M	$45.08M	$62.24M	$49.61M
Operating Income	$20.18M	-$98.00K	-$1.09M	$37.10M	-$2.32M
EBITDA	$22.12M	$4.34M	-$1.73M	$33.91M	$1.29M
Pretax Income	$16.05M	-$789.00K	-$5.47M	$30.06M	-$2.98M
Income Tax	-$5.60M	$1.93M	$7.89M	$35.30M	-$4.65M
Net Income	$21.66M	-$2.72M	-$13.36M	-$5.24M	$1.67M
Diluted EPS	0.46	-0.06	-0.31	-0.12	0.04
Diluted Shares	51.53M	43.26M	43.34M	44.95M	46.90M

CRNC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$117.37M	$73.67M	$84.02M	$92.13M	$108.26M
Receivables	$65.02M	$62.22M	$58.94M	$51.23M	$63.61M
Current Assets	$232.17M	$190.10M	$190.76M	$186.14M	$204.30M
Total Assets	$665.55M	$636.80M	$630.59M	$602.04M	$616.95M
Current Liabilities	$157.89M	$107.57M	$101.19M	$99.24M	$107.33M
Long-Term Debt	$197.59M	$198.82M	$199.69M	$171.92M	$172.69M
Total Debt	$276.16M	$216.83M	$217.12M	$188.37M	$187.52M
Total Liabilities	$516.28M	$481.13M	$479.92M	$451.60M	$458.41M
Retained Earnings	-$924.37M	-$927.09M	-$940.45M	-$945.69M	-$944.02M
Shareholders' Equity	$149.27M	$155.67M	$150.68M	$150.44M	$158.54M
Working Capital	$74.28M	$82.53M	$89.57M	$86.90M	$96.98M
Net Debt	$140.28M	$125.15M	$115.68M	$79.79M	$64.43M

CRNC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$15.47M	$23.70M	$12.75M	$37.89M	$14.11M
Capital Expenditure	-$2.34M	-$7.65M	-$3.00M	-$2.25M	-$482.00K
Free Cash Flow	$13.12M	$16.05M	$9.75M	$35.65M	$13.63M
Depreciation & Amortisation	$3.35M	$2.72M	$2.04M	$2.18M	$2.79M
Stock-Based Compensation	$5.93M	$6.34M	$7.30M	$5.34M	$6.75M
Investing Cash Flow	-$1.69M	-$8.08M	-$1.55M	-$1.79M	$1.67M
Financing Cash Flow	-$105.00K	-$60.23M	$415.00K	-$27.65M	$549.00K
Net Change in Cash	$13.68M	-$44.60M	$11.62M	$8.45M	$16.32M

Market Snapshot

About

Cerence Inc. is a software company specializing in AI-powered automotive assistants and connected car solutions. Headquartered in Burlington, Massachusetts, the company was spun off from Nuance Communications in 2019. Cerence provides conversational AI, voice recognition, natural language understanding, and cloud-based services to automotive manufacturers worldwide. The company's technology powers voice assistants in vehicles from major automakers including BMW, Daimler, Ford, and Toyota.