Cerence Inc. (CRNC) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Cerence reported revenue of $251.8M, down 24.0% from $331.5M the year before. Net income was -$18.7M (a -7.4% net margin), or -$0.43 per diluted share. Gross margin was 72.7% and operating margin was -0.9%. Operating activities generated $61.2M of cash, leaving $46.8M of free cash flow. At fiscal year end, Cerence held $630.6M in total assets against $479.9M in total liabilities.
Open the full interactive Cerence financials → Quarterly statements, key ratios, valuation history and price charts.
Cerence Key Stats
| Share Price | $8.89 |
|---|---|
| Market Cap | $424.4M |
| Revenue YoY Growth | -24.1% |
| 52-Week Range | $5.96 – $13.10 |
| Shares Outstanding | 45.2 million (basic, 2026 Q3) |
Cerence Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $329.6M | $387.2M | $327.9M | $294.5M | $331.5M | $251.8M |
| Cost of Goods Sold | $107.9M | $101.1M | $97.2M | $95.2M | $87.2M | $68.6M |
| Gross Profit | $221.8M | $286.1M | $230.7M | $199.3M | $244.3M | $183.1M |
| Operating Income | $19.3M | $60.6M | -$184.3M | -$27.2M | -$579.9M | -$2.3M |
| Pre-Tax Income | -$26.1M | $48.3M | -$198.8M | -$36.4M | -$584.6M | -$8.8M |
| Income Tax | -$5.5M | $2.4M | $112.1M | $19.9M | $3.5M | $9.9M |
| Net Income | -$20.6M | $45.9M | -$310.8M | -$56.3M | -$588.1M | -$18.7M |
| Diluted EPS | -$0.57 | $1.17 | -$7.93 | -$1.40 | -$14.12 | -$0.43 |
Cerence Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $60.6M | $115.1M | $64.2M | $69.6M |
| Net Income | -$13.4M | -$5.2M | $1.7M | $1.5M |
| Diluted EPS | -$0.31 | -$0.12 | $0.04 | $0.03 |
Cerence Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $249.1M | $287.0M | $227.5M | $225.7M | $265.5M | $190.8M |
| Total Assets | $1.69B | $1.71B | $1.32B | $1.30B | $702.4M | $630.6M |
| Current Liabilities | $200.8M | $165.3M | $147.0M | $148.1M | $216.8M | $101.2M |
| Total Long-Term Debt | $273.1M | $271.3M | $270.4M | $276.0M | $281.9M | $199.7M |
| Total Liabilities | $729.7M | $673.8M | $605.5M | $602.7M | $561.3M | $479.9M |
| Shareholders' Equity | $957.8M | $1.03B | $713.0M | $694.9M | $141.1M | $150.7M |
Cerence Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $44.8M | $74.4M | -$2.1M | $7.5M | $17.2M | $61.2M |
| Cash From Investing | -$30.7M | -$41.6M | -$10.6M | $5.8M | $4.4M | -$10.6M |
| Cash From Financing | $121.6M | -$41.5M | -$19.6M | -$5.3M | $225,000 | -$87.0M |
| Free Cash Flow | $25.8M | $62.3M | -$19.6M | $2.4M | $12.2M | $46.8M |
Figures from Cerence's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cerence financials page for every line item.
Cerence Company Profile
| Ticker | CRNC |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Burlington, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001768267 |
Frequently Asked Questions
What was Cerence's revenue in fiscal 2025?
Cerence (CRNC) reported revenue of $251.8M for fiscal 2025.
What is Cerence's annual revenue history?
Cerence's annual revenue by fiscal year: 2020: $329.6M; 2021: $387.2M; 2022: $327.9M; 2023: $294.5M; 2024: $331.5M; 2025: $251.8M.
What was Cerence's net income in fiscal 2025?
Cerence reported net income of -$18.7M for fiscal 2025.
What was Cerence's earnings per share (EPS) in fiscal 2025?
Cerence's diluted EPS was -$0.43 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cerence generate in fiscal 2025?
Cerence generated $46.8M of free cash flow in fiscal 2025.
What was Cerence's revenue last quarter?
In its most recent reported quarter (2026 Q3), Cerence reported revenue of $69.6M.
How much debt does Cerence have?
Cerence reported $199.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cerence are outstanding?
Cerence reported a weighted average of 45.2 million basic shares outstanding in 2026 Q3.
What is Cerence's market cap?
Based on its latest closing price, Cerence (CRNC) has a market capitalization of about $424.4M.
When does Cerence's fiscal year end?
Cerence's fiscal year end, as registered with the SEC, is September 30.
Where is Cerence headquartered?
Cerence lists its business address in Burlington, Massachusetts in its SEC filings.