Cerence Inc.

Listed Company

CRNCCIK 0001768267NasdaqAcceleratedServices-Prepackaged SoftwareDelawareFY ends Sep 30

Period

FY 2025

Revenue

$251.78M

Net Income

$-18.71M

Total Assets

$630.59M

Equity

$150.68M

Shares Out

45.02M

Op. Cash Flow

$61.17M

Business

Cerence Inc. builds conversational and agentic AI solutions that enable natural voice interaction with vehicles and other devices. It offers conversational and generative AI platforms (Cerence xUI, Cerence Assistant and CaLLM models), audio and communications AI for speech enhancement, hybrid edge and cloud software components, and professional services for design, integration and maintenance. Key business segments include edge embedded software, cloud-connected services, and professional services sold on a white‑label basis. Cerence serves global automakers and tier‑1 suppliers primarily in automotive and broader transportation, and also targets consumer devices via direct OEM partnerships and integrations.

Summary from filing dated 2025-11-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total revenues	252	332	294	328	387
Amortization of intangible assets	0	103,000	414,000	3	8
Total cost of revenues	69	87	95	97	101
Gross profit	183	244	199	231	286
Research and development	98	122	123	107	112
Sales and marketing	22	22	28	31	39
General and administrative	49	52	58	43	57
Amortization of intangible assets	2	2	6	12	13
Restructuring and other costs, net	15	17	12	—	—
Goodwill impairment	0	609	0	214	—
Total operating expenses	185	824	227	415	226
Loss from operations	−2	−580	−27	−184	61
Interest income	4	5	4	1	109,000
Interest expense	−10	−13	−15	—	—
Other (expense) income, net	−160,000	3	1	−1	2
Loss before income taxes	−9	−585	−36	−199	48
Provision for income taxes	10	3	20	112	2
Net loss	−19	−588	−56	−311	46
Basic (in dollars per share)	−0.43	−14.12	−1.4	−7.93	1.22
Diluted (in dollars per share)	−0.43	−14.12	−1.4	−7.93	1.17
Basic (in shares)	43	42	40	39	38
Diluted (in shares)	43	42	40	39	39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	84	121	101	95	128
Marketable securities	3	6	9	20	30
Accounts receivable, net of allowances of $68 and $1,614 at September 30, 2025 and September 30, 2024, respectively	59	63	61	45	46
Deferred costs	4	5	7	7	6
Prepaid expenses and other current assets	40	70	47	60	77
Total current assets	191	266	226	228	287
Long-term marketable securities	0	3	11	12	7
Property and equipment, net	36	30	34	38	32
Deferred costs	16	18	20	22	32
Operating lease right of use assets	17	13	12	15	15
Goodwill	299	297	900	891	1,129
Intangible assets, net	0	2	4	10	25
Deferred tax assets	54	51	47	54	159
Other assets	19	22	44	52	20
Total assets	631	702	1,298	1,318	1,706
Accounts payable	901,000	4	17	10	12
Deferred revenue	52	53	77	73	78
Short-term operating lease liabilities	4	5	5	5	5
Short-term debt	0	87	—	11	6
Accrued expenses and other current liabilities	44	68	49	48	64
Total current liabilities	101	217	148	147	165
Long-term debt, net of discounts and issuance costs	200	195	276	270	265
Deferred revenue, net of current portion	140	114	146	166	198
Long-term operating lease liabilities	13	9	8	11	12
Other liabilities	26	26	25	22	33
Total liabilities	480	561	603	606	674
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.01 par value, 560,000 shares authorized as of September 30, 2025; 43,374 and 41,924 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively	434,000	419,000	404,000	394,000	381,000
Accumulated other comprehensive loss	−25	−26	−28	−34	2
Additional paid-in capital	1,116	1,088	1,056	1,015	1,002
Accumulated deficit	−940	−922	−334	−277	28
Total stockholders' equity	151	141	695	713	1,032
Total liabilities and stockholders' equity	631	702	1,298	1,318	1,706

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net loss	−19	−588	−56	−311	46
Depreciation and amortization	11	11	16	24	30
Provision for credit loss reserve	220,000	4	4	−413,000	−415,000
Stock-based compensation	27	24	41	28	61
Non-cash interest expense	6	6	3	5	5
(Gain) loss on debt extinguishment	−327,000	0	1	—	0
Deferred tax provision (benefit)	241,000	−5	8	97	−4
Unrealized foreign currency transaction gain	−3	−1	−3	6	−2
Other, net	2	−68,000	−3	385,000	1
Accounts receivable	−1	12	−17	−7	6
Prepaid expenses and other assets	32	−12	28	−34	−31
Deferred costs	4	5	3	5	7
Accounts payable	−3	−13	6	157,000	3
Accrued expenses and other liabilities	−18	28	−408,000	−1	−1
Deferred revenue	23	−61	−22	−28	−46
Net cash provided by operating activities	61	17	7	−2	74
Capital expenditures	−14	−5	−5	−17	−12
Purchases of marketable securities	0	0	−18	−32	−42
Sale and maturities of marketable securities	6	11	30	37	16
Other investing activities	−2	−2	−1	2	1
Net cash (used in) provided by investing activities	−11	4	6	−11	−42
Principal payments of short-term debt	−87	0	0	—	—
Proceeds from revolving credit facility	0	0	25	—	—
Payments of revolver credit facility	0	0	−25	—	—
Proceeds from long-term debt, net of discount	0	0	210	—	0
Payments for long-term debt issuance costs	0	−419,000	−17	—	−520,000
Principal payments of long-term debt	0	0	−198	−6	−6
Common stock repurchases for tax withholdings for net settlement of equity awards	−2	−10	−5	−49	−46
Principal payment of lease liabilities arising from a finance lease	−411,000	−392,000	−451,000	−415,000	−486,000
Proceeds from the issuance of common stock	3	11	6	36	12
Net cash (used in) provided by financing activities	−87	225,000	−5	−20	−42
Effect of foreign currency exchange rates on cash and cash equivalents	−1	−1	−2	−1	1
Net change in cash and cash equivalents	−37	20	6	−34	−8
Cash paid for income taxes	7	10	11	12	6
Cash paid for interest	6	6	12	9	10

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro