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Cerence Inc.

CRNC Clue Score32
United States Fiscal year ends September CIK 0001768267
$8.43 +1.08% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.43 −90.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 16 Sep 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue277.0Operating income36.9Net income5.9EPS, diluted0.16Fiscal year 2019Revenue303.3 +9.5%Operating income10.9Net income100.3 +1,604.9%EPS, diluted2.76 +1,625.0%Fiscal year 2020Revenue331.0 +9.1%Operating income22.4Net income−18.3 −118.3%EPS, diluted−0.50 −118.1%Fiscal year 2021Revenue387.2 +17.0%Operating income60.6Net income45.9EPS, diluted1.17Fiscal year 2022Revenue327.9 −15.3%Operating income−184.3Net income−310.8 −777.3%EPS, diluted−7.93 −777.8%Fiscal year 2023Revenue294.5 −10.2%Operating income−27.2Net income−56.3EPS, diluted−1.40Fiscal year 2024Revenue331.5 +12.6%Operating income−579.9Net income−588.1EPS, diluted−14.12Fiscal year 2025Revenue251.8 −24.0%Operating income−2.3Net income−18.7EPS, diluted−0.43
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 277.0 303.3 331.0 387.2 327.9 294.5 331.5 251.8
Growth +9.5% +9.1% +17.0% −15.3% −10.2% +12.6% −24.0%
Operating income 36.9 10.9 22.4 60.6 −184.3 −27.2 −579.9 −2.3
Net income 5.9 100.3 −18.3 45.9 −310.8 −56.3 −588.1 −18.7
Growth +1,604.9% −118.3% −777.3%
EPS, diluted 0.16 2.76 −0.50 1.17 −7.93 −1.40 −14.12 −0.43
Growth +1,625.0% −118.1% −777.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin70.0%Operating margin13.3%Net margin2.1%Free cash flow margin39.3%Fiscal year 2019Gross margin67.2%Operating margin3.6%Net margin33.1%Free cash flow margin27.5%Fiscal year 2020Gross margin67.4%Operating margin6.8%Net margin−5.5%Free cash flow margin7.8%Fiscal year 2021Gross margin73.9%Operating margin15.7%Net margin11.9%Free cash flow margin16.1%Fiscal year 2022Gross margin70.4%Operating margin−56.2%Net margin−94.8%Free cash flow margin−6.0%Fiscal year 2023Gross margin67.7%Operating margin−9.2%Net margin−19.1%Free cash flow margin0.8%Fiscal year 2024Gross margin73.7%Operating margin−174.9%Net margin−177.4%Free cash flow margin3.7%Fiscal year 2025Gross margin72.7%Operating margin−0.9%Net margin−7.4%Free cash flow margin18.6%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 70.0% 67.2% 67.4% 73.9% 70.4% 67.7% 73.7% 72.7%
Operating margin 13.3% 3.6% 6.8% 15.7% −56.2% −9.2% −174.9% −0.9%
Net margin 2.1% 33.1% −5.5% 11.9% −94.8% −19.1% −177.4% −7.4%
Free cash flow margin 39.3% 27.5% 7.8% 16.1% −6.0% 0.8% 3.7% 18.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow115.3Capital expenditure−6.5Free cash flow108.7Fiscal year 2019Operating cash flow88.1Capital expenditure−4.5Free cash flow83.6 −23.2%Fiscal year 2020Operating cash flow44.8Capital expenditure−19.0Free cash flow25.8 −69.1%Buybacks−9.4Fiscal year 2021Operating cash flow74.4Capital expenditure−12.0Free cash flow62.3 +141.9%Buybacks−45.8Fiscal year 2022Operating cash flow−2.1Capital expenditure−17.4Free cash flow−19.6 −131.4%Buybacks−49.0Fiscal year 2023Operating cash flow7.5Capital expenditure−5.1Free cash flow2.4Buybacks−4.9Fiscal year 2024Operating cash flow17.2Capital expenditure−5.0Free cash flow12.2 +413.9%Buybacks−9.9Fiscal year 2025Operating cash flow61.2Capital expenditure−14.4Free cash flow46.8 +283.7%Buybacks−2.4
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 115.3 88.1 44.8 74.4 −2.1 7.5 17.2 61.2
Capital expenditure −6.5 −4.5 −19.0 −12.0 −17.4 −5.1 −5.0 −14.4
Free cash flow 108.7 83.6 25.8 62.3 −19.6 2.4 12.2 46.8
Growth −23.2% −69.1% +141.9% −131.4% +413.9% +283.7%
Buybacks n/a n/a −9.4 −45.8 −49.0 −4.9 −9.9 −2.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Total debt
Fiscal year 2018Shareholders’ equity993.3Fiscal year 2019Shareholders’ equity1,068.1Fiscal year 2020Total debt273.1Shareholders’ equity960.1Debt to equity0.28Fiscal year 2021Total debt271.3Shareholders’ equity1,031.9Debt to equity0.26Fiscal year 2022Total debt270.4Shareholders’ equity713.0Debt to equity0.38Fiscal year 2023Total debt276.0Shareholders’ equity694.9Debt to equity0.40Fiscal year 2024Total debt281.9Shareholders’ equity141.1Debt to equity2.00Fiscal year 2025Total debt199.7Shareholders’ equity150.7Debt to equity1.33
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Total debt n/a n/a 273.1 271.3 270.4 276.0 281.9 199.7
Shareholders’ equity 993.3 1,068.1 960.1 1,031.9 713.0 694.9 141.1 150.7
Debt to equity n/a n/a 0.28 0.26 0.38 0.40 2.00 1.33

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Operations
115.3 88.1 44.8 74.4 −2.1 7.5 17.2 61.2
Growth −23.6% −49.1% +66.1% −102.9% +129.3% +255.7%
Investment
−6.5 −4.5 −19.0 −12.0 −17.4 −5.1 −5.0 −14.4
calc 108.7 83.6 25.8 62.3 −19.6 2.4 12.2 46.8
Growth −23.2% −69.1% +141.9% −131.4% +413.9% +283.7%
calc 2.99 2.30 0.71 1.59 −0.50 0.06 0.29 1.08
−86.3 −4.5 −30.7 −41.6 −10.6 5.8 4.4 −10.6
Financing
−28.9 −83.6 121.6 −41.5 −19.6 −5.3 0.2 −87.0
n/a n/a −9.4 −45.8 −49.0 −4.9 −9.9 −2.4

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.