Cerence Inc. (CRNC) Income Statement
CRNC FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsCRNC revenue and net income
Where CRNC's revenue goes
FY2025Each bar shows an amount and its share of revenue. CRNC kept −7.4% of revenue as net income.
CRNC profit margins
CRNC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −24.0% | −8.4% | −5.3% | — |
| Gross profit | −25.0% | −6.1% | −2.9% | — |
| Operating income | −71.7% | −30.0% | −19.5% | — |
| Net income | — | — | — | — |
| EPS (diluted) | −47.8% | −20.8% | −18.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRNC quarterly EPS vs estimates
Cerence beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.03).
CRNC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $251.8M | $331.5M | $294.5M | $327.9M | $387.2M | $331.0M | $303.3M | $277.0M | $244.7M | $211.1M |
| Cost of revenue | $70.3M | $89.4M | $101.0M | $108.7M | $113.8M | $120.4M | $113.5M | $93.3M | $76.4M | $68.3M |
| Gross profit | $181.5M | $242.1M | $193.5M | $219.2M | $273.4M | $210.6M | $189.8M | $183.7M | $168.4M | $142.8M |
| Research & development | $97.8M | $121.6M | $123.3M | $107.1M | $112.1M | $88.9M | $93.1M | $81.0M | $56.8M | $53.6M |
| Sales, general & admin | $70.6M | $74.2M | $85.4M | $73.8M | $95.7M | $82.8M | $62.2M | $50.4M | $17.5M | $41.0M |
| Total operating expenses | $168.3M | $195.8M | $208.7M | $180.9M | $207.7M | $171.7M | $153.6M | $129.9M | $102.1M | $93.1M |
| Operating income | $13.1M | $46.3M | −$15.3M | $38.3M | $65.7M | $38.9M | $36.2M | $53.8M | $66.3M | $49.7M |
| Interest income | $3.9M | $5.4M | $4.5M | $1.0M | $109,000 | $585,000 | $332,000 | $54,000 | $483,000 | $535,000 |
| Interest expense | $10.2M | $12.6M | $14.8M | $14.4M | $14.0M | $22.7M | $50.3M | $0 | $0 | $0 |
| Income before taxes | −$8.8M | −$584.6M | −$36.4M | −$198.8M | $48.3M | −$23.0M | $11.2M | $36.8M | $63.2M | $47.3M |
| Income taxes | $9.9M | $3.5M | $19.9M | $112.1M | $2.4M | −$4.7M | −$89.1M | $30.9M | $15.9M | $12.3M |
| Net income | −$18.7M | −$588.1M | −$56.3M | −$310.8M | $45.9M | −$18.3M | $100.3M | $5.9M | $47.3M | $34.9M |
| EBITDA | $12.0M | −$561.4M | −$5.6M | −$160.4M | $91.9M | $29.7M | $40.0M | $62.6M | $82.9M | $67.0M |
| EPS (diluted) | $0.60 | $1.15 | $0.37 | $1.21 | $2.56 | $1.64 | $0.47 | $0.16 | $1.30 | — |
| Gross margin | 72.1% | 73.0% | 65.7% | 66.9% | 70.6% | 63.6% | 62.6% | 66.3% | 68.8% | 67.6% |
| Operating margin | 5.2% | 14.0% | −5.2% | 11.7% | 17.0% | 11.8% | 11.9% | 19.4% | 27.1% | 23.5% |
| Net margin | −7.4% | −177.4% | −19.1% | −94.8% | 11.9% | −5.5% | 33.1% | 2.1% | 19.3% | 16.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.6M | $64.2M | $115.1M | $60.6M | $62.2M | $78.0M | $50.9M | $54.8M | $70.5M | $67.8M | $138.3M | $80.8M |
| Cost of revenue | $16.7M | $16.9M | $15.7M | $16.6M | $16.3M | $17.8M | $17.8M | $20.5M | $20.7M | $21.4M | $26.9M | $23.6M |
| Gross profit | $52.9M | $47.3M | $99.3M | $44.0M | $45.9M | $60.2M | $33.1M | $34.3M | $49.9M | $46.4M | $111.5M | $57.2M |
| Research & development | $29.2M | $30.3M | $24.7M | $26.4M | $27.2M | $23.3M | $20.9M | $25.2M | $31.2M | $31.8M | $33.3M | $35.1M |
| Sales, general & admin | $20.5M | $19.3M | $37.5M | $18.7M | $18.3M | $16.1M | $17.5M | $18.0M | $15.0M | $22.3M | $18.9M | $17.3M |
| Total operating expenses | $51.0M | $49.6M | $62.2M | $45.1M | $46.0M | $40.0M | $38.9M | $43.2M | $46.2M | $54.1M | $52.2M | $52.4M |
| Operating income | $1.9M | −$2.3M | $37.1M | −$1.1M | −$98,000 | $20.2M | −$5.9M | −$8.9M | $3.7M | −$7.7M | $59.3M | $4.7M |
| Interest income | $710,000 | $655,000 | $865,000 | $603,000 | $895,000 | $918,000 | $1.4M | $1.4M | $1.3M | $1.2M | $1.4M | $1.2M |
| Interest expense | $1.4M | $1.5M | $1.7M | $1.7M | $2.4M | $2.7M | $3.4M | $3.1M | $3.1M | $3.1M | $3.2M | $3.1M |
| Income before taxes | $1.5M | −$3.0M | $30.1M | −$5.5M | −$789,000 | $16.1M | −$18.6M | −$20.4M | −$356.1M | −$266.3M | $58.2M | $346,000 |
| Income taxes | $15,000 | −$4.7M | $35.3M | $7.9M | $1.9M | −$5.6M | $5.7M | $33,000 | −$42.6M | $11.6M | $34.3M | $11.9M |
| Net income | $1.5M | $1.7M | −$5.2M | −$13.4M | −$2.7M | $21.7M | −$24.3M | −$20.4M | −$313.5M | −$278.0M | $23.9M | −$11.6M |
| EBITDA | $5.8M | $1.3M | $33.9M | −$1.7M | $4.3M | $22.1M | −$12.8M | −$14.7M | −$350.3M | −$260.5M | $64.1M | $6.4M |
| EPS (diluted) | $0.03 | $0.18 | $0.18 | −$0.12 | $0.12 | $0.63 | −$0.03 | −$0.07 | $0.19 | −$0.09 | $1.12 | $0.09 |
| Gross margin | 76.0% | 73.7% | 86.3% | 72.6% | 73.7% | 77.1% | 65.0% | 62.7% | 70.7% | 68.4% | 80.6% | 70.8% |
| Operating margin | 2.7% | −3.6% | 32.2% | −1.8% | −0.2% | 25.9% | −11.5% | −16.2% | 5.2% | −11.4% | 42.9% | 5.9% |
| Net margin | 2.2% | 2.6% | −4.6% | −22.0% | −4.4% | 27.8% | −47.7% | −37.3% | −444.5% | −409.8% | 17.2% | −14.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRNC's financial statements (latest annual report filed November 20, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRNC financial results
In fiscal year 2025 (ended September 30, 2025), Cerence reported revenue of $251.8 million, down 24.0% from the year before. It had a net loss of $18.7 million, a net profit margin of −7.4%. Diluted earnings per share came to $0.60. Over five years revenue grew at an average rate of −5.3% a year.
See the CRNC stock overview for the latest quote and news, or the CRNC chart for price history and technical indicators.
CRNC income statement FAQ
What is Cerence's annual revenue?
Cerence reported total revenue of $251.8 million for fiscal year 2025, which ended on September 30, 2025. That was down 24.0% from $331.5 million the previous year.
Is Cerence profitable?
No. Cerence reported a net loss of $18.7 million in fiscal 2025, a net profit margin of −7.4%; its operating margin was 5.2%.
What is Cerence's gross margin?
Cerence's gross margin was 72.1% in fiscal 2025: for every $100 of revenue, Cerence kept $72 after the direct cost of its products and services.
How much does Cerence spend on research and development?
Cerence spent $97.8 million on research and development in fiscal 2025, 38.8% of revenue.
How fast is Cerence growing?
Revenue grew −5.3% a year on average over the last five fiscal years, from $331.0 million to $251.8 million.
What are Cerence's earnings per share?
Cerence earned $0.60 per diluted share in fiscal 2025, compared with $1.15 a year earlier.
When will Cerence report its next earnings?
Cerence is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does Cerence's fiscal year end?
Cerence's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 20, 2025.