Cerence Inc. CRNC

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Cerence builds conversational and agentic AI solutions that make interaction with technology feel effortless. With decades of expertise in voice, AI, and edge-to-cloud engineering, we're trusted by many of the world's leading automakers, transportation OEMs, consumer brands, and technology companies to build voice powered-interfaces that shape the user experiences of today and tomorrow. While the majority of our business is in the automotive market, our solutions can be leveraged across other areas of transportation - two-wheeled vehicles, trucks, and more - as well as outside of automotive - televisions, smart watches, voice-powered kiosks, and more.

Our automotive customers include nearly all major automobile original equipment manufacturers (OEMs) worldwide, including BMW, Mercedes-Benz, the Volkswagen Group (Volkswagen, Audi, Porsche, and other brands), Stellantis, Renault, Toyota, Ford, General Motors, BYD, Great Wall Motor, and NIO. We also partner with leading tier-one suppliers including HARMAN, EcarX, Bosch, Continental, Denso Ten, Aptiv, and others. We deliver our solutions on a white-label basis, enabling our customers to deliver highly customized virtual assistants with unique, branded personalities that strengthen the bond between their brands and end users.

Last close 8.32 2026-10-26
Market cap $376.3M 2026-06-30 share count
52-week range 5.85 - 13.28

Valuation FY2025 figures against the last close

P/S1.5x
P/E—
P/FCF8.0x
EV/EBITDA86.6x
Dividend yield—
Diluted EPS-0.43

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Germany
  • Other Asia-Pacific
  • United States
  • Japan
  • Other Europe, Middle East and Africa
  • Other
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 Germany, FY2025: 79.2M (31.5%) 31% Germany Other Asia-Pacific, FY2025: 68M (27.0%) 27% Other Asia-Pacific United States, FY2025: 38.7M (15.4%) 15% United States Japan, FY2025: 37.4M (14.9%) 15% Japan Other Europe, Middle East and Africa, FY2025: 27.1M (10.8%) 11% Other, FY2025: 1.3M (0.5%) FY2024 Germany, FY2024: 94M (28.4%) 28% Other Asia-Pacific, FY2024: 36.9M (11.1%) 11% United States, FY2024: 139.4M (42.1%) 42% Japan, FY2024: 42.5M (12.8%) 13% Other Europe, Middle East and Africa, FY2024: 18M (5.4%) 5% Other, FY2024: 623K (0.2%) FY2023 Germany, FY2023: 87.2M (29.6%) 30% Other Asia-Pacific, FY2023: 64.2M (21.8%) 22% United States, FY2023: 87.1M (29.6%) 30% Japan, FY2023: 40.1M (13.6%) 14% Other Europe, Middle East and Africa, FY2023: 15.6M (5.3%) 5% Other, FY2023: 244K (0.1%)
Region FY2025FY2024FY2023
Germany $79.2M $94.0M $87.2M
Other Asia-Pacific $68.0M $36.9M $64.2M
United States $38.7M $139.4M $87.1M
Japan $37.4M $42.5M $40.1M
Other Europe, Middle East and Africa $27.1M $18.0M $15.6M
Other $1.3M $623.0K $244.0K

As the company reported it, from the “Revenue Recognition - Schedule of Revenues Classified by Major Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $251.8M$331.5M$294.5M$327.9M$387.2M$331.0M$303.3M$277.0M—
Cost of revenue $68.6M$87.2M$95.2M$97.2M$101.1M$107.9M$99.3M$83.0M—
Gross profit $183.1M$244.3M$199.3M$230.7M$286.1M$223.1M$204.0M$194.0M—
R&D $97.8M$121.6M$123.3M$107.1M$112.1M$88.9M$93.1M$81.0M—
SG&A $48.8M$52.5M$57.9M$42.7M$57.0M$49.4M$25.9M$19.9M—
Total operating expenses $185.4M$824.2M$226.5M$415.1M$225.5M$200.7M$193.1M$157.2M—
Operating income -$2.3M-$579.9M-$27.2M-$184.3M$60.6M$22.4M$10.9M$36.9M—
Interest expense $10.2M$12.6M$14.8M$14.4M$14.0M$22.7M———
Pre-tax income -$8.8M-$584.6M-$36.4M-$198.8M$48.3M-$23.0M$11.2M$36.8M—
Income tax $9.9M$3.5M$19.9M$112.1M$2.4M$4.7M$89.1M$30.9M—
Net income -$18.7M-$588.1M-$56.3M-$310.8M$45.9M-$18.3M$100.3M$5.9M—
EPS, basic -0.43-14.12-1.40-7.931.22-0.502.760.16—
EPS, diluted -0.43-14.12-1.40-7.931.17-0.502.760.16—
Shares, diluted (wtd. avg.) 43.2M41.6M40.2M39.2M39.3M36.4M36.4M36.4M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Short-term investments $3.4M$5.5M$9.2M$20.3M$30.4M$11.7M———
Receivables $58.9M$62.8M$61.3M$45.1M$45.6M$50.9M$65.8M——
Inventory $1.1M$1.0M$500.0K——————
Total current assets $190.8M$265.5M$225.7M$227.5M$287.0M$250.1M$92.3M——
Goodwill $299.0M$296.9M$900.3M$890.8M$1.13B$1.13B$1.12B$1.12B—
Other intangibles $0$1.7M$3.9M$9.7M$25.3M$45.6M$65.6M——
Total assets $630.6M$702.4M$1.30B$1.32B$1.71B$1.69B$1.48B——
Accounts payable $901.0K$4.0M$16.9M$10.4M$11.6M$8.4M$16.7M——
Short-term debt $0$87.1M—$10.9M$6.2M$6.2M———
Total current liabilities $101.2M$216.8M$148.1M$147.0M$165.3M$198.6M$129.1M——
Long-term debt $199.7M$194.8M$276.0M$259.4M$265.1M$266.9M———
Total liabilities $479.9M$561.3M$602.7M$605.5M$673.8M$727.5M$415.7M——
Retained earnings -$940.5M-$921.7M-$333.7M-$283.2M$27.6M-$18.3M———
Total equity $150.7M$141.1M$694.9M$713.0M$1.03B$960.1M$1.07B$993.3M$997.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $61.2M$17.2M$7.5M-$2.1M$74.4M$44.8M$88.1M$115.3M—
Depreciation and amortisation $8.9M$8.3M$9.8M$9.4M$9.5M$9.2M$6.2M$7.7M—
Stock-based compensation $27.4M$23.7M$40.8M$28.1M$60.6M$47.3M$29.7M$22.0M—
Capital expenditure $14.4M$5.0M$5.1M$17.4M$12.0M$19.0M$4.5M$6.5M—
Investing cash flow -$10.6M$4.4M$5.8M-$10.6M-$41.6M-$30.7M-$4.5M-$86.3M—
Financing cash flow -$87.0M$225.0K-$5.3M-$19.6M-$41.5M$121.6M-$83.6M-$28.9M—
Buybacks $2.4M$9.9M$4.9M$49.0M$45.8M$9.4M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-25-053372.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -750M -500M -250M 0 250M 500M Revenue, FY2018: 277M Gross profit, FY2018: 194M Net income, FY2018: 5.9M Revenue, FY2019: 303.3M Gross profit, FY2019: 204M Net income, FY2019: 100.3M Revenue, FY2020: 331M Gross profit, FY2020: 223.1M Net income, FY2020: -18.3M Revenue, FY2021: 387.2M Gross profit, FY2021: 286.1M Net income, FY2021: 45.9M Revenue, FY2022: 327.9M Gross profit, FY2022: 230.7M Net income, FY2022: -310.8M Revenue, FY2023: 294.5M Gross profit, FY2023: 199.3M Net income, FY2023: -56.3M Revenue, FY2024: 331.5M Gross profit, FY2024: 244.3M Net income, FY2024: -588.1M Revenue, FY2025: 251.8M Gross profit, FY2025: 183.1M Net income, FY2025: -18.7M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $277.0M $303.3M $331.0M $387.2M $327.9M $294.5M $331.5M $251.8M
Gross profit — $194.0M $204.0M $223.1M $286.1M $230.7M $199.3M $244.3M $183.1M
Net income — $5.9M $100.3M -$18.3M $45.9M -$310.8M -$56.3M -$588.1M -$18.7M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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