Cerence Inc

CRNC · NASDAQ · Technology / Software - Application

7.92USD-0.24 (-2.94%)

Price History

Full chart

Market Stats

Previous Close8.16

Open8.16

Day Range7.66 – 8.17

52-Week Range5.85 – 13.74

Volume476.63K

Market Cap359.58M

P/E (TTM)0.00

Forward P/E44.25

EPS-0.36

Dividend Yield0.00%

Beta3.01

50-Day Avg8.45

200-Day Avg9.39

About

Cerence Inc. provides AI-powered assistants for the mobility/transportation market in the United States, the rest of the Americas, Germany, the rest of Europe, the Middle East, Africa, Japan, and the rest of the Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant, and professional services. It also provides conversational and generative artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic tuning. The company has a strategic partnership with Arm Kleidi; and SiMa.ai to advance the capabilities and performance of CaLLM Edge. Cerence Inc. was incorporated in 2020 and is headquartered in Burlington, Massachusetts.

Company Details

SectorTechnology
IndustrySoftware - Application
CEOMr. Brian Matthew Krzanich
Employees1.30K
Headquarters1500 District Avenue, Burlington, MA, United States, 01803, USA
Websitehttps://www.cerence.com

Leadership

Mr. Brian Matthew KrzanichPresident, CEO & Director · b. 1960
Mr. Antonio RodriquezExecutive VP & CFO · b. 1966
Mr. Nils SchanzExecutive VP of Product & Technology · b. 1983
Ms. Jennifer SalinasExecutive VP, Chief Administrative Officer, General Counsel & Secretary · b. 1973
Mr. Christian MentzExecutive VP & Chief Revenue Officer · b. 1981
Ms. Katherine RomanVP, Corporate Controller & Interim Principal Accounting Officer · b. 1982
Kate HickmanVP of Corporate Communications & Investor Relations
Mr. Sujal ShahHead of Professional Services
Dennis J. CloseVP & Treasurer
Dr. Nils LenkeVP & GM of Applications

Financials

Income Statement

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Revenue	211.14M	244.73M	276.98M	303.31M	330.97M	387.18M	327.89M	294.48M	331.50M	251.78M
Growth (%)	-	+15.91%	+13.18%	+9.51%	+9.12%	+16.99%	-15.31%	-10.19%	+12.57%	-24.05%
Cost of Revenue	68.30M	76.35M	93.27M	113.53M	120.39M	113.76M	108.68M	101.02M	89.44M	70.31M
Gross Profit	142.83M	168.38M	183.71M	189.79M	210.57M	273.42M	219.21M	193.46M	242.07M	181.47M
Gross Margin	67.65%	68.80%	66.33%	62.57%	63.62%	70.62%	66.85%	65.70%	73.02%	72.07%
Operating Expense	93.11M	102.09M	129.92M	153.59M	171.68M	207.73M	180.87M	208.74M	195.76M	168.34M
Operating Income	49.72M	66.28M	53.80M	36.20M	38.89M	65.69M	38.34M	-15.28M	46.31M	13.13M
Operating Margin	23.55%	27.08%	19.42%	11.93%	11.75%	16.97%	11.69%	-5.19%	13.97%	5.21%
EBITDA	67.01M	82.87M	62.56M	40.05M	29.74M	91.93M	-160.42M	-5.58M	-561.43M	11.95M
EBITDA Margin	31.74%	33.86%	22.59%	13.20%	8.99%	23.74%	-48.92%	-1.90%	-169.36%	4.75%
Net Income	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Net Income Margin	16.55%	19.32%	2.12%	33.06%	-5.53%	11.85%	-94.80%	-19.10%	-177.40%	-7.43%
R&D	53.57M	56.76M	80.96M	93.06M	88.90M	112.07M	107.12M	123.33M	121.56M	97.76M
R&D as % of Total Revenue	25.37%	23.19%	29.23%	30.68%	26.86%	28.95%	32.67%	41.88%	36.67%	38.83%
Interest Expense	0	0	0	50.33M	22.74M	14.00M	14.39M	14.77M	12.55M	10.22M
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	16.59%	6.87%	3.62%	4.39%	5.02%	3.79%	4.06%

Balance Sheet

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Assets	1.29B	1.34B	1.40B	1.48B	1.69B	1.71B	1.32B	1.30B	702.36M	630.59M
Total Liabilities	281.65M	338.57M	404.23M	415.70M	729.69M	673.78M	605.54M	602.72M	561.26M	479.92M
Total Equity	1.01B	997.18M	993.32M	1.07B	957.76M	1.03B	712.95M	694.88M	141.10M	150.68M
Cash	-	-	-	-	136.07M	128.43M	94.85M	101.15M	121.48M	84.02M
Total Debt	-	-	-	-	296.64M	289.79M	286.82M	289.33M	295.24M	230.26M
Net Debt	-	-	-	-	160.58M	161.36M	191.97M	188.18M	173.75M	146.24M

Cash Flow

Currency: USD	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Operating Cash Flow	113.92M	96.78M	115.26M	88.07M	44.79M	74.39M	-2.14M	7.50M	17.20M	61.17M
Investing Cash Flow	-8.29M	-4.71M	-86.31M	-4.52M	-30.68M	-41.63M	-10.56M	5.82M	4.38M	-10.55M
Financing Cash Flow	-105.62M	-92.07M	-28.95M	-83.55M	121.55M	-41.51M	-19.61M	-5.33M	225.00K	-87.00M
Capital Expenditure	8.29M	4.71M	6.51M	4.52M	19.01M	12.05M	17.45M	5.12M	5.00M	14.36M
Free Cash Flow	105.62M	92.07M	108.75M	83.55M	25.78M	62.34M	-19.58M	2.37M	12.20M	46.82M
Dividends Paid	-	152.98M	152.98M	152.98M	152.98M	0	6.25M	234.70M	-	-
FCF to OCF	92.72%	95.13%	94.35%	94.87%	57.55%	83.81%	916.00%	31.66%	70.95%	76.53%
Dividend Paid to FCF	-	166.15%	140.67%	183.09%	593.47%	0.00%	-31.91%	9886.27%	-	-

Earnings

Report Date	May 21, 2019	Sep 9, 2019	Dec 17, 2019	Feb 11, 2020	May 7, 2020	Aug 4, 2020	Nov 16, 2020	Feb 8, 2021	May 10, 2021	Aug 9, 2021	Nov 22, 2021	Feb 7, 2022	May 10, 2022	Aug 9, 2022	Nov 29, 2022	Feb 8, 2023	May 9, 2023	Aug 8, 2023	Nov 27, 2023	Feb 6, 2024	May 9, 2024	Aug 8, 2024	Nov 21, 2024	Feb 6, 2025	May 7, 2025	Aug 6, 2025	Nov 19, 2025	Feb 4, 2026	May 7, 2026	Aug 6, 2026	Nov 18, 2026
EPS Estimate	0.00	0.00	0.48	0.28	0.25	0.08	0.35	0.51	0.52	0.54	0.56	0.51	0.34	0.42	-0.23	0.09	-0.13	-0.14	0.15	0.92	-0.22	0.03	-0.36	-0.26	0.30	-0.09	-0.26	0.31	0.14	0.20	0.03
EPS Actual	0.06	0.07	0.34	0.29	0.43	0.31	0.61	0.59	0.69	0.62	0.66	0.59	0.33	0.43	-0.14	0.36	-0.04	-0.04	0.09	1.12	-0.09	0.19	-0.07	-0.03	0.63	0.12	-0.12	0.18	0.18	0.03	-
Surprise	-	-	-29.17%	3.57%	72.00%	287.50%	74.29%	15.69%	32.69%	14.81%	17.86%	15.69%	-2.94%	2.38%	39.13%	300.00%	69.23%	71.43%	-40.00%	21.74%	59.09%	533.33%	80.56%	88.46%	110.00%	233.33%	53.85%	-41.94%	28.57%	-85.00%	-
Timing	-	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap359.58M

Enterprise Value425.36M

Trailing P/E0.00

Forward P/E44.25

Price / Sales1.16

Price / Book2.20

EPS-0.36

Book Value3.68

Revenue (TTM)309.49M

Gross Profit (TTM)243.56M

EBITDA43.69M

Profit Margin-4.97%

Operating Margin4.50%

Return on Equity-9.56%

Return on Assets3.66%

Shares Outstanding45.23M

Shares Float43.91M

Beta3.01

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Hold

Based on 7 analystsTarget 10.75

Buy
1
Hold
6

Ownership Breakdown

Institutions: 83.72%
Insiders: 3.40%
Retail / Other: 12.88%

Top Institutional Holders

BlackRock Inc
4.17M9.22%
Paradigm Capital Management, Inc.
2.51M5.55%
American Capital Management Inc
2.41M5.32%
Vanguard Capital Management, LLC
1.81M3.99%
No Street GP LP
1.52M3.37%
Vanguard Portfolio Management, LLC
1.43M3.17%
Dimensional Fund Advisors, Inc.
1.41M3.11%
State Street Corp
1.36M3.00%
One Fin Capital Management LP
1.30M2.87%
Federated Hermes Inc
1.28M2.83%
Connor Clark & Lunn Inv Mgmt Ltd
1.10M2.42%
The Goldman Sachs Group Inc
1.09M2.41%
Geode Capital Management, LLC
1.09M2.40%
Marshall Wace Asset Management Ltd
1.05M2.31%
AQR Capital Management LLC
892.07K1.97%
Two Sigma Investments LLC
807.77K1.79%
Nuveen, LLC
745.07K1.65%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
1.27M2.81%
iShares Russell 2000 ETF
1.16M2.56%
Vanguard Information Technology ETF
1.04M2.29%