Cerence Inc. (CRNC) Balance Sheet
CRNC balance sheet, FY2025
September 30, 2025 · U.S. dollars$630.6M assets = $479.9M liabilities + $150.7M equity
Both columns are drawn to the same scale: what CRNC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRNC financial health
Descriptive bands, not a rating. Fiscal FY2025.
CRNC balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.29BFY2016 | $630.6MFY2025 | −7.7%/yr | |
| Total liabilities | $281.6MFY2016 | $479.9MFY2025 | +6.1%/yr | |
| Shareholders’ equity | $1.01BFY2016 | $150.7MFY2025 | −19.1%/yr | |
| Cash & short-term investments | $147.7MFY2020 | $87.5MFY2025 | −10.0%/yr | |
| Total debt | $21.1MFY2016 | $230.3MFY2025 | +30.4%/yr | |
| Net cash (debt) | −$21.1MFY2016 | −$142.8MFY2025 | −$121.7M | |
| Working capital | −$20.5MFY2016 | $85.1MFY2025 | +$105.6M | |
| Book value per share | $27.80FY2016 | $3.49FY2025 | −20.6%/yr | |
| Current ratio | 0.74FY2016 | 1.84FY2025 | +1.10 | |
| Debt / equity | 0.02FY2016 | 1.53FY2025 | +1.51 | |
| Shares outstanding | 36.4MFY2016 | 43.2MFY2025 | +1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRNC assets
CRNC liabilities and equity
CRNC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRNC balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $87.5M | $127.0M | $110.4M | $115.2M | $158.9M | $147.7M | — | — | — | — |
| Cash & equivalents | $84.0M | $121.5M | $101.2M | $94.8M | $128.4M | $136.1M | — | — | — | — |
| Short-term investments | $3.4M | $5.5M | $9.2M | $20.3M | $30.4M | $11.7M | — | — | — | — |
| Receivables | $58.9M | $62.8M | $61.3M | $45.1M | $45.6M | $49.9M | $65.8M | $72.1M | $74.0M | $55.2M |
| Inventory | $0 | $0 | $6.9M | −$1 | $0 | $1 | $0 | $0 | $0 | $0 |
| Other current assets | $39.9M | $75.8M | $47.2M | $67.3M | $82.6M | $51.5M | $26.5M | $10.9M | $6.8M | $4.0M |
| Total current assets | $186.3M | $265.5M | $225.7M | $227.5M | $287.0M | $249.1M | $92.3M | $83.0M | $80.8M | $59.2M |
| Property, plant & equipment (net) | $52.5M | $43.0M | $46.0M | $52.4M | $46.4M | $49.6M | $20.1M | $13.4M | $13.3M | $15.6M |
| Goodwill & intangible assets | $299.0M | $298.6M | $904.2M | $900.5M | $1.15B | $1.17B | $1.18B | $1.20B | $1.13B | $1.13B |
| Long-term investments | $0 | $3.5M | $10.6M | $11.6M | $7.3M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $92.8M | $91.8M | $111.1M | $126.5M | $211.1M | $214.9M | $186.5M | $96.4M | $115.5M | $89.3M |
| Total assets | $630.6M | $702.4M | $1.30B | $1.32B | $1.71B | $1.69B | $1.48B | $1.40B | $1.34B | $1.29B |
| Liabilities | ||||||||||
| Accounts payable | $901,000 | $4.0M | $16.9M | $10.4M | $11.6M | $8.4M | $16.7M | $6.5M | $5.5M | $6.5M |
| Short-term debt | $4.4M | $91.6M | $5.9M | $16.4M | $11.2M | $12.2M | $19.1M | $1.5M | $21.2M | $21.1M |
| Deferred revenue | $51.9M | $52.8M | $77.1M | $72.7M | $78.4M | $112.5M | $88.2M | $84.9M | $66.7M | $51.6M |
| Total current liabilities | $101.2M | $216.8M | $148.1M | $147.0M | $165.3M | $198.6M | $129.1M | $121.8M | $94.4M | $79.6M |
| Long-term debt | $199.7M | $194.8M | $276.0M | $259.4M | $265.1M | $266.9M | $0 | $0 | $0 | $0 |
| Lease obligations | $17.4M | $13.3M | $13.4M | $16.4M | $16.8M | $23.5M | — | — | — | — |
| Other long-term liabilities | $179.0M | $149.6M | $178.7M | $199.1M | $243.4M | $262.0M | $286.6M | $282.4M | $244.2M | $204.4M |
| Total liabilities | $479.9M | $561.3M | $602.7M | $605.5M | $673.8M | $729.7M | $415.7M | $404.2M | $338.6M | $281.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $434,000 | $419,000 | $404,000 | $394,000 | $381,000 | $369,000 | $1.10B | $1.02B | $1.02B | — |
| Retained earnings (deficit) | −$940.5M | −$921.7M | −$333.7M | −$283.2M | $27.6M | −$20.6M | — | — | — | — |
| Accumulated other comprehensive income | −$25.5M | −$25.9M | −$28.0M | −$33.7M | $1.6M | $3.7M | −$29.0M | −$24.0M | −$22.6M | −$31.1M |
| Total shareholders' equity | $150.7M | $141.1M | $694.9M | $713.0M | $1.03B | $957.8M | $1.07B | $993.3M | $997.2M | $1.01B |
| Key figures | ||||||||||
| Total debt | $230.3M | $295.2M | $289.3M | $286.8M | $289.8M | $296.6M | $19.1M | $1.5M | $21.2M | $21.1M |
| Net cash (debt) | −$142.8M | −$168.2M | −$179.0M | −$171.7M | −$130.9M | −$148.9M | −$19.1M | −$1.5M | −$21.2M | −$21.1M |
| Working capital | $85.1M | $48.7M | $77.6M | $80.5M | $121.7M | $50.5M | −$36.8M | −$38.8M | −$13.6M | −$20.5M |
| Tangible book value | −$148.3M | −$157.5M | −$209.3M | −$187.6M | −$121.9M | −$216.1M | −$116.8M | −$211.4M | −$128.9M | −$117.6M |
| Book value per share | $3.49 | $3.39 | $17.28 | $18.19 | $26.27 | $26.29 | $29.35 | $27.30 | $27.41 | $27.80 |
| Shares outstanding | 43.2M | 41.6M | 40.2M | 39.2M | 39.3M | 36.4M | 36.4M | 36.4M | 36.4M | 36.4M |
| Current ratio | 1.84 | 1.22 | 1.52 | 1.55 | 1.74 | 1.25 | 0.72 | 0.68 | 0.86 | 0.74 |
| Quick ratio | 1.45 | 0.88 | 1.16 | 1.09 | 1.24 | 1.00 | 0.51 | 0.59 | 0.78 | 0.69 |
| Debt / equity | 1.53 | 2.09 | 0.42 | 0.40 | 0.28 | 0.31 | 0.02 | 0.00 | 0.02 | 0.02 |
| Equity / assets | 23.9% | 20.1% | 53.6% | 54.1% | 60.5% | 56.8% | 72.0% | 71.1% | 74.7% | 78.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $127.6M | $108.3M | $94.7M | $87.5M | $79.1M | $122.8M | $108.0M | $127.0M | $121.0M | $108.5M | $108.5M | $110.4M |
| Cash & equivalents | $127.6M | $108.3M | $92.1M | $84.0M | $73.7M | $117.4M | $104.1M | $121.5M | $115.5M | $99.2M | $98.7M | $101.2M |
| Short-term investments | $0 | $0 | $2.5M | $3.4M | $5.5M | $5.4M | $3.9M | $5.5M | $5.4M | $9.4M | $9.8M | $9.2M |
| Receivables | $45.9M | $63.6M | $51.2M | $58.9M | $62.2M | $65.0M | $47.7M | $62.8M | $72.8M | $66.8M | $58.7M | $61.3M |
| Inventory | $800,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.0M | $1.1M | $5.6M | $6.9M |
| Other current assets | $37.9M | $32.4M | $40.2M | $39.9M | $48.8M | $44.4M | $44.4M | $75.8M | $44.8M | $51.0M | $55.6M | $47.2M |
| Total current assets | $212.3M | $204.3M | $186.1M | $186.3M | $190.1M | $232.2M | $200.1M | $265.5M | $239.6M | $227.4M | $228.4M | $225.7M |
| Property, plant & equipment (net) | $31.4M | $47.9M | $51.6M | $52.5M | $52.2M | $47.4M | $42.5M | $43.0M | $42.3M | $43.2M | $45.0M | $46.0M |
| Goodwill & intangible assets | $296.0M | $296.9M | $299.0M | $299.0M | $299.1M | $293.9M | $289.9M | $298.6M | $294.5M | $653.4M | $909.8M | $904.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $2.6M | $3.5M | $5.3M | $6.7M | $7.8M | $10.6M |
| Other non-current assets | $81.3M | $67.9M | $65.3M | $92.8M | $95.4M | $92.1M | $82.4M | $91.8M | $92.3M | $56.4M | $74.0M | $111.1M |
| Total assets | $620.9M | $617.0M | $602.0M | $630.6M | $636.8M | $665.5M | $617.5M | $702.4M | $674.0M | $987.1M | $1.26B | $1.30B |
| Liabilities | ||||||||||||
| Accounts payable | $2.7M | $7.5M | $4.9M | $901,000 | $5.5M | $6.6M | $7.6M | $4.0M | $10.3M | $16.4M | $19.2M | $16.9M |
| Short-term debt | $4.1M | $4.1M | $4.5M | $4.4M | $4.2M | $64.0M | $64.1M | $92.0M | $91.6M | $5.2M | $5.7M | $5.4M |
| Deferred revenue | $55.8M | $57.2M | $52.4M | $51.9M | $53.2M | $49.7M | $47.6M | $52.8M | $43.8M | $45.5M | $43.4M | $77.1M |
| Total current liabilities | $101.9M | $107.3M | $99.2M | $101.2M | $107.6M | $157.9M | $152.0M | $216.8M | $183.2M | $106.7M | $120.0M | $148.1M |
| Long-term debt | $173.5M | $172.7M | $171.9M | $199.7M | $198.8M | $197.6M | $196.2M | $194.8M | $193.4M | $278.9M | $277.4M | $276.0M |
| Lease obligations | $13.6M | $14.8M | $16.4M | $17.4M | $18.0M | $18.5M | $13.9M | $13.3M | $12.2M | $12.2M | $13.7M | $13.4M |
| Other long-term liabilities | $179.2M | $178.4M | $180.4M | $179.0M | $174.7M | $160.8M | $148.6M | $149.6M | $143.1M | $138.2M | $136.4M | $178.7M |
| Total liabilities | $454.6M | $458.4M | $451.6M | $479.9M | $481.1M | $516.3M | $496.8M | $561.3M | $519.8M | $523.7M | $533.8M | $602.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $451,000 | $451,000 | $450,000 | $434,000 | $433,000 | $433,000 | $430,000 | $419,000 | $418,000 | $417,000 | $412,000 | $404,000 |
| Retained earnings (deficit) | −$942.5M | −$944.0M | −$945.7M | −$940.5M | −$927.1M | −$924.4M | −$946.0M | −$921.7M | −$901.3M | −$587.8M | −$309.8M | −$333.7M |
| Accumulated other comprehensive income | −$27.9M | −$26.6M | −$25.8M | −$25.5M | −$26.0M | −$28.8M | −$29.8M | −$25.9M | −$28.6M | −$26.8M | −$23.5M | −$28.0M |
| Total shareholders' equity | $166.4M | $158.5M | $150.4M | $150.7M | $155.7M | $149.3M | $120.7M | $141.1M | $154.2M | $463.4M | $731.1M | $694.9M |
| Key figures | ||||||||||||
| Total debt | $187.1M | $187.5M | $200.4M | $230.3M | $216.8M | $276.2M | $270.1M | $295.7M | $293.2M | $291.7M | $291.2M | $289.3M |
| Net cash (debt) | −$59.4M | −$79.3M | −$105.7M | −$142.8M | −$137.7M | −$153.4M | −$162.1M | −$168.7M | −$172.2M | −$183.2M | −$182.6M | −$179.0M |
| Working capital | $110.3M | $97.0M | $86.9M | $85.1M | $82.5M | $74.3M | $48.1M | $48.7M | $56.3M | $120.8M | $108.4M | $77.6M |
| Tangible book value | −$129.6M | −$138.3M | −$148.6M | −$148.3M | −$143.4M | −$144.6M | −$169.2M | −$157.5M | −$140.3M | −$190.0M | −$178.6M | −$209.3M |
| Book value per share | $3.48 | $3.38 | $3.35 | $3.48 | $3.60 | $2.90 | $2.81 | $3.37 | $3.69 | $11.11 | $14.84 | $17.22 |
| Shares outstanding | 47.7M | 46.9M | 45.0M | 43.3M | 43.3M | 51.5M | 42.9M | 41.9M | 41.8M | 41.7M | 49.3M | 40.4M |
| Current ratio | 2.08 | 1.90 | 1.88 | 1.84 | 1.77 | 1.47 | 1.32 | 1.22 | 1.31 | 2.13 | 1.90 | 1.52 |
| Quick ratio | 1.70 | 1.60 | 1.47 | 1.45 | 1.31 | 1.19 | 1.02 | 0.88 | 1.06 | 1.64 | 1.39 | 1.16 |
| Debt / equity | 1.12 | 1.18 | 1.33 | 1.53 | 1.39 | 1.85 | 2.24 | 2.10 | 1.90 | 0.63 | 0.40 | 0.42 |
| Equity / assets | 26.8% | 25.7% | 25.0% | 23.9% | 24.4% | 22.4% | 19.5% | 20.1% | 22.9% | 46.9% | 57.8% | 53.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 20, 2025); data from EODHD.
CRNC financial position
At the end of fiscal 2025 (September 30, 2025), Cerence had total assets of $630.6 million (down 10.2% from a year earlier), total liabilities of $479.9 million and shareholders' equity of $150.7 million. It held $87.5 million in cash and short-term investments against $230.3 million of debt, net debt of $142.8 million. Its current ratio was 1.84. In the latest quarter (ended June 30, 2026) total assets were $620.9 million and equity $166.4 million.
Related: CRNC income statement, CRNC cash flow statement, CRNC key metrics. See the CRNC stock overview for the latest quote and news.
CRNC balance sheet FAQ
What are Cerence's total assets?
Cerence reported total assets of $630.6 million at the end of fiscal 2025 (September 30, 2025), compared with $702.4 million a year earlier.
How much debt does Cerence have?
Cerence had $230.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.53.
How much cash does Cerence have?
Cerence held $87.5 million in cash and short-term investments at the end of fiscal 2025; with $230.3 million of debt that is net debt of $142.8 million.
What is Cerence's book value?
Cerence's shareholders' equity (book value) was $150.7 million at the end of fiscal 2025, or $3.49 per share.
What is Cerence's current ratio?
Cerence had current assets of $186.3 million and current liabilities of $101.2 million, a current ratio of 1.84 (it can cover its short-term obligations).
How much goodwill does Cerence have?
Cerence carried $299.0 million of goodwill and intangible assets, 47.4% of total assets, at the end of fiscal 2025.