Cerence Inc. (CRNC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	309.5M	251.8M	331.5M	294.5M	327.9M
Cost of Revenue	65.9M	70.3M	89.4M	101.0M	108.7M
Gross Profit	243.6M	181.5M	242.1M	193.5M	219.2M
Operating Expenses
R&D Expense	110.6M	97.8M	121.6M	123.3M	107.1M
SG&A Expense	96.1M	70.6M	74.2M	85.4M	73.8M
General & Admin Expense	72.0M	48.8M	52.5M	57.9M	42.7M
Selling & Marketing Expense	24.1M	21.8M	21.7M	27.5M	31.1M
Other Expenses	1.3M	—	—	—	—
Total Operating Expenses	208.0M	168.3M	195.8M	208.7M	180.9M
Cost and Expenses	273.9M	238.7M	285.2M	309.8M	289.6M
Operating Income (EBIT)	35.6M	13.1M	46.3M	(15.3M)	38.3M
Non-Operating
Interest Income	2.8M	3.9M	5.4M	4.5M	1.0M
Interest Expense	6.3M	10.2M	12.6M	14.8M	14.4M
Net Interest Income	(3.5M)	(6.4M)	(7.2M)	(10.3M)	(13.4M)
Other Non-Op Income/Expense	(12.4M)	(21.9M)	(630.9M)	(21.1M)	(237.1M)
Non-Operating Income (excl Interest)	6.1M	11.7M	618.4M	6.3M	222.7M
EBT (Pre-Tax Income)	23.2M	(8.8M)	(584.6M)	(36.4M)	(198.8M)
Income Tax Expense	38.6M	9.9M	3.5M	19.9M	112.1M
Bottom Line
Net Income	(15.4M)	(18.7M)	(588.1M)	(56.3M)	(310.8M)
Earnings from Cont. Ops	(15.4M)	(18.7M)	(588.1M)	(56.3M)	(310.8M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(15.4M)	(18.7M)	(588.1M)	(56.3M)	(310.8M)
Per Share
Basic EPS	($0.36)	($0.43)	($14.12)	($1.40)	($7.93)
Diluted EPS	($0.36)	($0.43)	($14.12)	($1.40)	($7.93)
Revenue Per Share	$6.85	$5.83	$7.96	$7.32	$8.37
Shares
Basic Shares Outstanding	45.2M	43.2M	41.6M	40.2M	39.2M
Diluted Shares Outstanding	47.7M	43.2M	41.6M	40.2M	39.2M
Profitability Metrics
EBITDA	44.3M	12.0M	(561.4M)	(5.6M)	(160.4M)
D&A	14.8M	10.5M	10.6M	16.0M	23.9M
EBIT	29.5M	1.4M	(572.1M)	(21.6M)	(184.4M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026