Cerence (CRNC)
Builds white-label voice, audio, and agentic AI platforms for automakers and suppliers.
$8.13
vs last close−0.10 (−1.19%)
In millions of USD, except per-share figures
| In millions | Q4 FY23Sep 2023 | Q1 FY24Dec 2023 | Q2 FY24Mar 2024 | Q3 FY24Jun 2024 | Q4 FY24Sep 2024 | Q1 FY25Dec 2024 | Q2 FY25Mar 2025 | Q3 FY25Jun 2025 | Q4 FY25Sep 2025 | Q1 FY26Dec 2025 | Q2 FY26Mar 2026 | Q3 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 138 | 68 | 71 | 55 | 51 | 78 | 62 | 61 | 115 | 64 | 70 |
| Cost of revenue | 24 | 27 | 21 | 21 | 20 | 18 | 18 | 16 | 17 | 16 | 17 | 17 |
| Gross profit | 57 | 111 | 46 | 50 | 34 | 33 | 60 | 46 | 44 | 99 | 47 | 53 |
| 52 | 52 | 54 | 46 | 43 | 39 | 40 | 46 | 45 | 62 | 50 | 51 | |
| Research & development | 35 | 33 | 32 | 31 | 25 | 21 | 23 | 27 | 26 | 25 | 30 | 29 |
| 17 | 19 | 22 | 15 | 18 | 18 | 16 | 18 | 19 | 38 | 19 | 21 | |
| Selling & marketing | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 6 |
| General & administrative | 11 | 13 | 17 | 10 | 13 | 13 | 11 | 12 | 12 | 32 | 13 | 15 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
| Operating income | 5 | 59 | −8 | 4 | −9 | −6 | 20 | 0 | −1 | 37 | −2 | 2 |
| −4 | −1 | −259 | −360 | −11 | −13 | −4 | −1 | −4 | −7 | −1 | 0 | |
| Interest income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 1 | 1 |
| Other non-operating income | 1 | −2 | 255 | 357 | 8 | 9 | 1 | −2 | 3 | 5 | −1 | −1 |
| Income before tax | 0 | 58 | −266 | −356 | −20 | −19 | 16 | −1 | −5 | 30 | −3 | 2 |
| Income tax expense | 12 | 34 | 12 | −43 | 0 | 6 | −6 | 2 | 8 | 35 | −5 | 0 |
| Net income from continuing operations | −12 | 24 | −278 | −314 | −20 | −24 | 22 | −3 | −13 | −5 | 2 | 2 |
| Net income | −12 | 24 | −278 | −314 | −20 | −24 | 22 | −3 | −13 | −5 | 2 | 2 |
| EPS, basic | −$0.29 | $0.58 | −$6.66 | −$7.50 | −$0.49 | −$0.57 | $0.50 | −$0.06 | −$0.31 | −$0.12 | $0.04 | $0.03 |
| EPS, diluted | −$0.29 | $0.53 | −$6.66 | −$7.50 | −$0.49 | −$0.57 | $0.46 | −$0.06 | −$0.31 | −$0.12 | $0.04 | $0.03 |
| Weighted average shares, basic | 40 | 41 | 42 | 42 | 42 | 43 | 43 | 43 | 43 | 45 | 45 | 45 |
| Weighted average shares, diluted | 40 | 49 | 42 | 42 | 42 | 43 | 52 | 43 | 43 | 45 | 47 | 48 |
| EBITDA | 6 | 64 | −261 | −350 | −15 | −13 | 22 | 4 | −2 | 34 | 1 | 11 |
| Depreciation & amortization | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | 8 |
| EBIT | 3 | 61 | −263 | −353 | −17 | −15 | 19 | 2 | −4 | 32 | −2 | 3 |
