Cerence Inc. (CRNC) 10-Year Financial Performance & Capital Metrics

CRNC • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutCerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and virtual assistant coexistence and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.Show more

Revenue $252M -24.0%
EBITDA $24M -58.4%
Net Income -$19M +96.8%
EPS (Diluted) -0.43 +97.0%
Gross Margin 72.07% -1.3%
EBITDA Margin 9.4% -45.3%
Operating Margin 5.21% -62.7%
Net Margin -7.43% +95.8%
ROE -12.83% +90.9%
ROIC 3.29% -43.3%
Debt/Equity 1.44 -31.1%
Interest Coverage 1.28 -65.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.6% free cash flow margin

✗Weaknesses

✗Sales declining 5.3% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-5.32%

3Y-8.43%

TTM-24.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM96.82%

EPS CAGR

10Y-

5Y-

3Y-

TTM-589.86%

ROCE

10Y Avg3.34%

5Y Avg2.82%

3Y Avg2.31%

Latest2.59%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	211.14M	244.73M	276.98M	303.31M	330.97M	387.18M	327.89M	294.48M	331.5M	251.78M
Revenue Growth %	-	0.16%	0.13%	0.1%	0.09%	0.17%	-0.15%	-0.1%	0.13%	-0.24%
Cost of Goods Sold+	68.3M	76.35M	93.27M	113.53M	120.39M	113.76M	108.68M	101.02M	89.44M	70.31M
COGS % of Revenue	0.32%	0.31%	0.34%	0.37%	0.36%	0.29%	0.33%	0.34%	0.27%	0.28%
Gross Profit+	142.83M	168.38M	183.71M	189.79M	210.57M	273.42M	219.21M	193.46M	242.07M	181.47M
Gross Margin %	0.68%	0.69%	0.66%	0.63%	0.64%	0.71%	0.67%	0.66%	0.73%	0.72%
Gross Profit Growth %	-	0.18%	0.09%	0.03%	0.11%	0.3%	-0.2%	-0.12%	0.25%	-0.25%
Operating Expenses+	93.11M	102.09M	129.92M	153.59M	171.68M	207.73M	180.87M	208.74M	195.76M	168.34M
OpEx % of Revenue	0.44%	0.42%	0.47%	0.51%	0.52%	0.54%	0.55%	0.71%	0.59%	0.67%
Selling, General & Admin	39.54M	45.34M	48.96M	60.53M	82.78M	95.66M	73.75M	85.41M	74.19M	70.58M
SG&A % of Revenue	0.19%	0.19%	0.18%	0.2%	0.25%	0.25%	0.22%	0.29%	0.22%	0.28%
Research & Development	53.57M	56.76M	80.96M	93.06M	88.9M	112.07M	107.12M	123.33M	121.56M	97.76M
R&D % of Revenue	0.25%	0.23%	0.29%	0.31%	0.27%	0.29%	0.33%	0.42%	0.37%	0.39%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	49.72M	66.28M	53.8M	36.2M	38.89M	65.69M	38.34M	-15.28M	46.31M	13.13M
Operating Margin %	0.24%	0.27%	0.19%	0.12%	0.12%	0.17%	0.12%	-0.05%	0.14%	0.05%
Operating Income Growth %	-	0.33%	-0.19%	-0.33%	0.07%	0.69%	-0.42%	-1.4%	4.03%	-0.72%
EBITDA+	69.47M	85.95M	79.56M	65.07M	68.93M	95.35M	62.28M	756K	56.94M	23.68M
EBITDA Margin %	0.33%	0.35%	0.29%	0.21%	0.21%	0.25%	0.19%	0%	0.17%	0.09%
EBITDA Growth %	-	0.24%	-0.07%	-0.18%	0.06%	0.38%	-0.35%	-0.99%	74.32%	-0.58%
D&A (Non-Cash Add-back)	19.75M	19.67M	25.77M	28.87M	30.04M	29.66M	23.94M	16.04M	10.63M	10.55M
EBIT	47.26M	63.2M	36.8M	11.18M	-303K	62.27M	-184.36M	-21.62M	-572.06M	1.4M
Net Interest Income+	0	0	0	0	-22.15M	-13.89M	-13.39M	-10.3M	-7.2M	-6.37M
Interest Income	0	0	0	0	585K	109K	1.01M	4.47M	5.35M	3.85M
Interest Expense	0	0	0	0	22.74M	14M	14.39M	14.77M	12.55M	10.22M
Other Income/Expense	-2.46M	-3.08M	-17M	-25.02M	-61.93M	-17.42M	-237.09M	-21.11M	-630.92M	-21.95M
Pretax Income+	47.26M	63.2M	36.8M	11.18M	-23.04M	48.27M	-198.75M	-36.39M	-584.61M	-8.82M
Pretax Margin %	0.22%	0.26%	0.13%	0.04%	-0.07%	0.12%	-0.61%	-0.12%	-1.76%	-0.04%
Income Tax+	12.32M	15.93M	30.92M	-89.08M	-4.72M	2.38M	112.08M	19.86M	3.47M	9.89M
Effective Tax Rate %	0.74%	0.75%	0.16%	8.97%	0.79%	0.95%	1.56%	1.55%	1.01%	2.12%
Net Income+	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Net Margin %	0.17%	0.19%	0.02%	0.33%	-0.06%	0.12%	-0.95%	-0.19%	-1.77%	-0.07%
Net Income Growth %	-	0.35%	-0.88%	16.05%	-1.18%	3.51%	-7.77%	0.82%	-9.45%	0.97%
Net Income (Continuing)	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.96	1.30	0.16	2.75	-0.57	1.17	-7.93	-1.40	-14.12	-0.43
EPS Growth %	-	0.35%	-0.88%	16.19%	-1.21%	3.05%	-7.78%	0.82%	-9.09%	0.97%
EPS (Basic)	0.96	1.30	0.16	2.75	-0.57	1.22	-7.93	-1.40	-14.12	-0.43
Diluted Shares Outstanding	36.39M	36.39M	36.39M	36.4M	36.43M	39.29M	39.19M	40.22M	41.64M	43.18M
Basic Shares Outstanding	36.39M	36.39M	36.39M	36.4M	36.43M	37.75M	39.19M	40.22M	41.64M	43.18M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	59.16M	80.81M	82.97M	92.33M	249.15M	287.05M	227.52M	225.73M	265.51M	186.28M
Cash & Short-Term Investments	0	0	0	0	147.73M	158.86M	115.16M	110.36M	126.99M	87.45M
Cash Only	0	0	0	0	136.07M	128.43M	94.85M	101.15M	121.48M	84.02M
Short-Term Investments	0	0	0	0	11.66M	30.43M	20.32M	9.21M	5.5M	3.43M
Accounts Receivable	55.16M	74.02M	72.08M	65.79M	49.94M	45.56M	45.07M	61.27M	62.76M	58.94M
Days Sales Outstanding	95.36	110.4	94.99	79.17	55.08	42.95	50.17	75.94	69.1	85.44
Inventory	0	0	0	0	0	0	0	6.93M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	25.06	-	-
Other Current Assets	2.44M	5.32M	6.79M	9.2M	7.26M	6.09M	8.72M	477K	75.77M	39.89M
Total Non-Current Assets+	1.23B	1.25B	1.31B	1.39B	1.44B	1.42B	1.09B	1.07B	436.85M	444.31M
Property, Plant & Equipment	15.57M	13.3M	13.41M	20.11M	49.63M	46.41M	52.41M	45.97M	43.02M	52.52M
Fixed Asset Turnover	13.56x	18.39x	20.66x	15.08x	6.67x	8.34x	6.26x	6.41x	7.71x	4.79x
Goodwill	1.07B	1.08B	1.12B	1.12B	1.13B	1.13B	890.8M	900.34M	296.86M	299M
Intangible Assets	61.46M	50.67M	84.81M	65.56M	45.62M	25.35M	9.7M	3.88M	1.71M	0
Long-Term Investments	39.61M	48.28M	44.24M	32.43M	38.16M	7.34M	11.58M	10.61M	3.45M	0
Other Non-Current Assets	217K	247K	1.13M	3.44M	14.94M	51.78M	74.49M	64.46M	40.42M	38.58M
Total Assets+	1.29B	1.34B	1.4B	1.48B	1.69B	1.71B	1.32B	1.3B	702.36M	630.59M
Asset Turnover	0.16x	0.18x	0.20x	0.20x	0.20x	0.23x	0.25x	0.23x	0.47x	0.40x
Asset Growth %	-	0.03%	0.05%	0.06%	0.14%	0.01%	-0.23%	-0.02%	-0.46%	-0.1%
Total Current Liabilities+	79.64M	94.41M	121.81M	129.11M	198.63M	165.31M	147.03M	148.09M	216.81M	101.19M
Accounts Payable	6.47M	5.53M	6.51M	16.69M	8.45M	11.64M	10.37M	16.87M	3.96M	901K
Days Payables Outstanding	34.6	26.41	25.48	53.65	25.61	37.33	34.83	60.97	16.16	4.68
Short-Term Debt	0	0	0	0	6.25M	6.25M	10.94M	437K	87.09M	4.34M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.4M	4.04M	4.69M	11.16M	7.63M	24.5M	27.84M	40.57M	49.65M	44.08M
Current Ratio	0.74x	0.86x	0.68x	0.72x	1.25x	1.74x	1.55x	1.52x	1.22x	1.84x
Quick Ratio	0.74x	0.86x	0.68x	0.72x	1.25x	1.74x	1.55x	1.48x	1.22x	1.84x
Cash Conversion Cycle	-	-	-	-	-	-	-	40.04	-	-
Total Non-Current Liabilities+	204.43M	244.17M	282.42M	286.59M	528.91M	508.47M	458.51M	454.62M	344.45M	378.73M
Long-Term Debt	0	0	0	0	266.87M	265.09M	259.44M	275.95M	194.81M	199.69M
Capital Lease Obligations	0	0	0	0	18.91M	13.45M	11.38M	8.36M	8.86M	13.08M
Deferred Tax Liabilities	2.42M	0	11.64M	1.36M	0	0	0	0	0	0
Other Non-Current Liabilities	10.21M	10.73M	18.64M	21.54M	30.56M	31.59M	21.73M	24.79M	26.43M	25.93M
Total Liabilities	281.65M	338.57M	404.23M	415.7M	729.69M	673.78M	605.54M	602.72M	561.26M	479.92M
Total Debt+	0	0	0	0	296.64M	289.79M	286.82M	289.33M	295.24M	217.12M
Net Debt	0	0	0	0	160.58M	161.36M	191.97M	188.18M	173.75M	133.1M
Debt / Equity	-	-	-	-	0.31x	0.28x	0.40x	0.42x	2.09x	1.44x
Debt / EBITDA	-	-	-	-	4.30x	3.04x	4.61x	382.71x	5.18x	9.17x
Net Debt / EBITDA	-	-	-	-	2.33x	1.69x	3.08x	248.91x	3.05x	5.62x
Interest Coverage	-	-	-	-	1.71x	4.69x	2.66x	-1.03x	3.69x	1.28x
Total Equity+	1.01B	997.18M	993.32M	1.07B	957.76M	1.03B	712.95M	694.88M	141.1M	150.68M
Equity Growth %	-	-0.01%	-0%	0.08%	-0.1%	0.08%	-0.31%	-0.03%	-0.8%	0.07%
Book Value per Share	27.80	27.41	27.30	29.35	26.29	26.27	18.19	17.28	3.39	3.49
Total Shareholders' Equity	1.01B	997.18M	993.32M	1.07B	957.76M	1.03B	712.95M	694.88M	141.1M	150.68M
Common Stock	0	1.02B	1.02B	1.1B	369K	381K	394K	404K	419K	434K
Retained Earnings	0	0	0	0	-20.63M	27.58M	-283.25M	-333.66M	-921.74M	-940.45M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-31.09M	-22.61M	-23.96M	-29M	3.71M	1.63M	-33.74M	-27.97M	-25.91M	-25.47M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	113.92M	96.78M	115.26M	88.07M	44.79M	74.39M	-2.14M	7.5M	17.2M	61.17M
Operating CF Margin %	0.54%	0.4%	0.42%	0.29%	0.14%	0.19%	-0.01%	0.03%	0.05%	0.24%
Operating CF Growth %	-	-0.15%	0.19%	-0.24%	-0.49%	0.66%	-1.03%	4.51%	1.29%	2.56%
Net Income	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Depreciation & Amortization	19.75M	19.67M	25.77M	28.84M	30.04M	29.66M	23.94M	16.04M	10.63M	10.55M
Stock-Based Compensation	18.59M	19.79M	22.04M	29.68M	47.28M	60.55M	28.08M	40.77M	23.67M	27.35M
Deferred Taxes	-20.47M	-17.72M	12.47M	-101.22M	-10.57M	-4.42M	97.29M	7.6M	-4.66M	241K
Other Non-Cash Items	0	0	0	0	25.27M	3.99M	224.7M	1.09M	617.25M	5.21M
Working Capital Changes	61.1M	27.76M	49.1M	30.5M	-28.92M	-61.29M	-65.32M	-1.74M	-41.63M	36.53M
Change in Receivables	-4.22M	-17.94M	8.47M	904K	15.15M	5.75M	-6.59M	-16.96M	11.76M	-1.4M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	3.63M	-1.02M	-6.29M	10.13M	-2.43M	3.41M	157K	5.77M	-12.55M	-3.15M
Cash from Investing+	-8.29M	-4.71M	-86.31M	-4.52M	-30.68M	-41.63M	-10.56M	5.82M	4.38M	-10.55M
Capital Expenditures	-8.29M	-4.71M	-6.51M	-4.52M	-19.01M	-12.05M	-17.45M	-5.12M	-5M	-14.36M
CapEx % of Revenue	0.04%	0.02%	0.02%	0.01%	0.06%	0.03%	0.05%	0.02%	0.02%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	1.1M	2.02M	-1.35M	-1.74M	-1.71M
Cash from Financing+	-105.62M	-92.07M	-28.95M	-83.55M	121.55M	-41.51M	-19.61M	-5.33M	225K	-87M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-152.98M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-105.62M	-92.07M	-28.95M	-83.55M	-2.81M	-46.29M	-49M	-22.07M	-10.28M	-2.38M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	105.62M	92.07M	108.75M	83.55M	25.78M	62.34M	-19.58M	2.37M	12.2M	46.82M
FCF Margin %	0.5%	0.38%	0.39%	0.28%	0.08%	0.16%	-0.06%	0.01%	0.04%	0.19%
FCF Growth %	-	-0.13%	0.18%	-0.23%	-0.69%	1.42%	-1.31%	1.12%	4.14%	2.84%
FCF per Share	2.90	2.53	2.99	2.30	0.71	1.59	-0.50	0.06	0.29	1.08
FCF Conversion (FCF/Net Income)	3.26x	2.05x	19.60x	0.88x	-2.45x	1.62x	0.01x	-0.13x	-0.03x	-3.27x
Interest Paid	0	0	0	0	14.73M	9.55M	9.09M	11.57M	6.03M	5.55M
Taxes Paid	0	0	18.44M	12.14M	2.18M	6.18M	12.27M	11.19M	10.18M	6.71M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.45%	4.71%	0.59%	9.73%	-1.81%	4.61%	-35.63%	-7.99%	-140.69%	-12.83%
Return on Invested Capital (ROIC)	3.69%	4.95%	4.05%	2.63%	2.67%	4.26%	2.74%	-1.28%	5.8%	3.29%
Gross Margin	67.65%	68.8%	66.33%	62.57%	63.62%	70.62%	66.85%	65.7%	73.02%	72.07%
Net Margin	16.55%	19.32%	2.12%	33.06%	-5.53%	11.85%	-94.8%	-19.1%	-177.4%	-7.43%
Debt / Equity	-	-	-	-	0.31x	0.28x	0.40x	0.42x	2.09x	1.44x
Interest Coverage	-	-	-	-	1.71x	4.69x	2.66x	-1.03x	3.69x	1.28x
FCF Conversion	3.26x	2.05x	19.60x	0.88x	-2.45x	1.62x	0.01x	-0.13x	-0.03x	-3.27x
Revenue Growth	-	15.91%	13.18%	9.51%	9.12%	16.99%	-15.31%	-10.19%	12.57%	-24.05%

Revenue by Segment

	2020	2021	2022	2023	2024
Connected Services	96.15M	109.53M	85.57M	75.07M	133.44M
Connected Services Growth	-	13.92%	-21.88%	-12.27%	77.76%
License	164.27M	202.18M	158.61M	145.16M	124.75M
License Growth	-	23.08%	-21.55%	-8.48%	-14.06%
Professional Services	69.23M	75.47M	83.71M	74.25M	73.31M
Professional Services Growth	-	9.01%	10.93%	-11.31%	-1.25%

Revenue by Geography

	2020	2021	2022	2023	2024
UNITED STATES	128.38M	-	100.56M	87.12M	139.44M
UNITED STATES Growth	-	-	-	-13.37%	60.06%
GERMANY	100.67M	-	74.55M	87.21M	94.05M
GERMANY Growth	-	-	-	16.98%	7.84%
JAPAN	50.94M	-	74.48M	40.12M	42.47M
JAPAN Growth	-	-	-	-46.13%	5.84%
Other Asia Pacific	24.25M	44.23M	62.62M	64.17M	36.91M
Other Asia Pacific Growth	-	82.45%	41.56%	2.48%	-42.49%
Other Europe Middle East And Africa	25.39M	29.96M	15.58M	15.6M	18.02M
Other Europe Middle East And Africa Growth	-	18.00%	-48.01%	0.15%	15.48%
Other Americas	16K	175K	99K	244K	623K
Other Americas Growth	-	993.75%	-43.43%	146.46%	155.33%
U S	-	135.03M	-	-	-
U S Growth	-	-	-	-	-
D E	-	114.94M	-	-	-
D E Growth	-	-	-	-	-
J P	-	62.84M	-	-	-
J P Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Cerence Inc. (CRNC) reported $251.8M in revenue for fiscal year 2025. This represents a 19% increase from $211.1M in 2016.

Cerence Inc. (CRNC) saw revenue decline by 24.0% over the past year.

Cerence Inc. (CRNC) reported a net loss of $18.7M for fiscal year 2025.

Dividend & Returns

Cerence Inc. (CRNC) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.

Cerence Inc. (CRNC) generated $46.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Cerence Inc. (CRNC) 10-Year Financial Performance & Capital Metrics

CRNC • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

Revenue $252M -24.0%
EBITDA $24M -58.4%
Net Income -$19M +96.8%
EPS (Diluted) -0.43 +97.0%
Gross Margin 72.07% -1.3%
EBITDA Margin 9.4% -45.3%
Operating Margin 5.21% -62.7%
Net Margin -7.43% +95.8%
ROE -12.83% +90.9%
ROIC 3.29% -43.3%
Debt/Equity 1.44 -31.1%
Interest Coverage 1.28 -65.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.6% free cash flow margin

✗Weaknesses

✗Sales declining 5.3% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-5.32%

3Y-8.43%

TTM-24.05%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM96.82%

EPS CAGR

10Y-

5Y-

3Y-

TTM-589.86%

ROCE

10Y Avg3.34%

5Y Avg2.82%

3Y Avg2.31%

Latest2.59%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	211.14M	244.73M	276.98M	303.31M	330.97M	387.18M	327.89M	294.48M	331.5M	251.78M
Revenue Growth %	-	0.16%	0.13%	0.1%	0.09%	0.17%	-0.15%	-0.1%	0.13%	-0.24%
Cost of Goods Sold+	68.3M	76.35M	93.27M	113.53M	120.39M	113.76M	108.68M	101.02M	89.44M	70.31M
COGS % of Revenue	0.32%	0.31%	0.34%	0.37%	0.36%	0.29%	0.33%	0.34%	0.27%	0.28%
Gross Profit+	142.83M	168.38M	183.71M	189.79M	210.57M	273.42M	219.21M	193.46M	242.07M	181.47M
Gross Margin %	0.68%	0.69%	0.66%	0.63%	0.64%	0.71%	0.67%	0.66%	0.73%	0.72%
Gross Profit Growth %	-	0.18%	0.09%	0.03%	0.11%	0.3%	-0.2%	-0.12%	0.25%	-0.25%
Operating Expenses+	93.11M	102.09M	129.92M	153.59M	171.68M	207.73M	180.87M	208.74M	195.76M	168.34M
OpEx % of Revenue	0.44%	0.42%	0.47%	0.51%	0.52%	0.54%	0.55%	0.71%	0.59%	0.67%
Selling, General & Admin	39.54M	45.34M	48.96M	60.53M	82.78M	95.66M	73.75M	85.41M	74.19M	70.58M
SG&A % of Revenue	0.19%	0.19%	0.18%	0.2%	0.25%	0.25%	0.22%	0.29%	0.22%	0.28%
Research & Development	53.57M	56.76M	80.96M	93.06M	88.9M	112.07M	107.12M	123.33M	121.56M	97.76M
R&D % of Revenue	0.25%	0.23%	0.29%	0.31%	0.27%	0.29%	0.33%	0.42%	0.37%	0.39%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	49.72M	66.28M	53.8M	36.2M	38.89M	65.69M	38.34M	-15.28M	46.31M	13.13M
Operating Margin %	0.24%	0.27%	0.19%	0.12%	0.12%	0.17%	0.12%	-0.05%	0.14%	0.05%
Operating Income Growth %	-	0.33%	-0.19%	-0.33%	0.07%	0.69%	-0.42%	-1.4%	4.03%	-0.72%
EBITDA+	69.47M	85.95M	79.56M	65.07M	68.93M	95.35M	62.28M	756K	56.94M	23.68M
EBITDA Margin %	0.33%	0.35%	0.29%	0.21%	0.21%	0.25%	0.19%	0%	0.17%	0.09%
EBITDA Growth %	-	0.24%	-0.07%	-0.18%	0.06%	0.38%	-0.35%	-0.99%	74.32%	-0.58%
D&A (Non-Cash Add-back)	19.75M	19.67M	25.77M	28.87M	30.04M	29.66M	23.94M	16.04M	10.63M	10.55M
EBIT	47.26M	63.2M	36.8M	11.18M	-303K	62.27M	-184.36M	-21.62M	-572.06M	1.4M
Net Interest Income+	0	0	0	0	-22.15M	-13.89M	-13.39M	-10.3M	-7.2M	-6.37M
Interest Income	0	0	0	0	585K	109K	1.01M	4.47M	5.35M	3.85M
Interest Expense	0	0	0	0	22.74M	14M	14.39M	14.77M	12.55M	10.22M
Other Income/Expense	-2.46M	-3.08M	-17M	-25.02M	-61.93M	-17.42M	-237.09M	-21.11M	-630.92M	-21.95M
Pretax Income+	47.26M	63.2M	36.8M	11.18M	-23.04M	48.27M	-198.75M	-36.39M	-584.61M	-8.82M
Pretax Margin %	0.22%	0.26%	0.13%	0.04%	-0.07%	0.12%	-0.61%	-0.12%	-1.76%	-0.04%
Income Tax+	12.32M	15.93M	30.92M	-89.08M	-4.72M	2.38M	112.08M	19.86M	3.47M	9.89M
Effective Tax Rate %	0.74%	0.75%	0.16%	8.97%	0.79%	0.95%	1.56%	1.55%	1.01%	2.12%
Net Income+	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Net Margin %	0.17%	0.19%	0.02%	0.33%	-0.06%	0.12%	-0.95%	-0.19%	-1.77%	-0.07%
Net Income Growth %	-	0.35%	-0.88%	16.05%	-1.18%	3.51%	-7.77%	0.82%	-9.45%	0.97%
Net Income (Continuing)	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.96	1.30	0.16	2.75	-0.57	1.17	-7.93	-1.40	-14.12	-0.43
EPS Growth %	-	0.35%	-0.88%	16.19%	-1.21%	3.05%	-7.78%	0.82%	-9.09%	0.97%
EPS (Basic)	0.96	1.30	0.16	2.75	-0.57	1.22	-7.93	-1.40	-14.12	-0.43
Diluted Shares Outstanding	36.39M	36.39M	36.39M	36.4M	36.43M	39.29M	39.19M	40.22M	41.64M	43.18M
Basic Shares Outstanding	36.39M	36.39M	36.39M	36.4M	36.43M	37.75M	39.19M	40.22M	41.64M	43.18M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	59.16M	80.81M	82.97M	92.33M	249.15M	287.05M	227.52M	225.73M	265.51M	186.28M
Cash & Short-Term Investments	0	0	0	0	147.73M	158.86M	115.16M	110.36M	126.99M	87.45M
Cash Only	0	0	0	0	136.07M	128.43M	94.85M	101.15M	121.48M	84.02M
Short-Term Investments	0	0	0	0	11.66M	30.43M	20.32M	9.21M	5.5M	3.43M
Accounts Receivable	55.16M	74.02M	72.08M	65.79M	49.94M	45.56M	45.07M	61.27M	62.76M	58.94M
Days Sales Outstanding	95.36	110.4	94.99	79.17	55.08	42.95	50.17	75.94	69.1	85.44
Inventory	0	0	0	0	0	0	0	6.93M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	25.06	-	-
Other Current Assets	2.44M	5.32M	6.79M	9.2M	7.26M	6.09M	8.72M	477K	75.77M	39.89M
Total Non-Current Assets+	1.23B	1.25B	1.31B	1.39B	1.44B	1.42B	1.09B	1.07B	436.85M	444.31M
Property, Plant & Equipment	15.57M	13.3M	13.41M	20.11M	49.63M	46.41M	52.41M	45.97M	43.02M	52.52M
Fixed Asset Turnover	13.56x	18.39x	20.66x	15.08x	6.67x	8.34x	6.26x	6.41x	7.71x	4.79x
Goodwill	1.07B	1.08B	1.12B	1.12B	1.13B	1.13B	890.8M	900.34M	296.86M	299M
Intangible Assets	61.46M	50.67M	84.81M	65.56M	45.62M	25.35M	9.7M	3.88M	1.71M	0
Long-Term Investments	39.61M	48.28M	44.24M	32.43M	38.16M	7.34M	11.58M	10.61M	3.45M	0
Other Non-Current Assets	217K	247K	1.13M	3.44M	14.94M	51.78M	74.49M	64.46M	40.42M	38.58M
Total Assets+	1.29B	1.34B	1.4B	1.48B	1.69B	1.71B	1.32B	1.3B	702.36M	630.59M
Asset Turnover	0.16x	0.18x	0.20x	0.20x	0.20x	0.23x	0.25x	0.23x	0.47x	0.40x
Asset Growth %	-	0.03%	0.05%	0.06%	0.14%	0.01%	-0.23%	-0.02%	-0.46%	-0.1%
Total Current Liabilities+	79.64M	94.41M	121.81M	129.11M	198.63M	165.31M	147.03M	148.09M	216.81M	101.19M
Accounts Payable	6.47M	5.53M	6.51M	16.69M	8.45M	11.64M	10.37M	16.87M	3.96M	901K
Days Payables Outstanding	34.6	26.41	25.48	53.65	25.61	37.33	34.83	60.97	16.16	4.68
Short-Term Debt	0	0	0	0	6.25M	6.25M	10.94M	437K	87.09M	4.34M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.4M	4.04M	4.69M	11.16M	7.63M	24.5M	27.84M	40.57M	49.65M	44.08M
Current Ratio	0.74x	0.86x	0.68x	0.72x	1.25x	1.74x	1.55x	1.52x	1.22x	1.84x
Quick Ratio	0.74x	0.86x	0.68x	0.72x	1.25x	1.74x	1.55x	1.48x	1.22x	1.84x
Cash Conversion Cycle	-	-	-	-	-	-	-	40.04	-	-
Total Non-Current Liabilities+	204.43M	244.17M	282.42M	286.59M	528.91M	508.47M	458.51M	454.62M	344.45M	378.73M
Long-Term Debt	0	0	0	0	266.87M	265.09M	259.44M	275.95M	194.81M	199.69M
Capital Lease Obligations	0	0	0	0	18.91M	13.45M	11.38M	8.36M	8.86M	13.08M
Deferred Tax Liabilities	2.42M	0	11.64M	1.36M	0	0	0	0	0	0
Other Non-Current Liabilities	10.21M	10.73M	18.64M	21.54M	30.56M	31.59M	21.73M	24.79M	26.43M	25.93M
Total Liabilities	281.65M	338.57M	404.23M	415.7M	729.69M	673.78M	605.54M	602.72M	561.26M	479.92M
Total Debt+	0	0	0	0	296.64M	289.79M	286.82M	289.33M	295.24M	217.12M
Net Debt	0	0	0	0	160.58M	161.36M	191.97M	188.18M	173.75M	133.1M
Debt / Equity	-	-	-	-	0.31x	0.28x	0.40x	0.42x	2.09x	1.44x
Debt / EBITDA	-	-	-	-	4.30x	3.04x	4.61x	382.71x	5.18x	9.17x
Net Debt / EBITDA	-	-	-	-	2.33x	1.69x	3.08x	248.91x	3.05x	5.62x
Interest Coverage	-	-	-	-	1.71x	4.69x	2.66x	-1.03x	3.69x	1.28x
Total Equity+	1.01B	997.18M	993.32M	1.07B	957.76M	1.03B	712.95M	694.88M	141.1M	150.68M
Equity Growth %	-	-0.01%	-0%	0.08%	-0.1%	0.08%	-0.31%	-0.03%	-0.8%	0.07%
Book Value per Share	27.80	27.41	27.30	29.35	26.29	26.27	18.19	17.28	3.39	3.49
Total Shareholders' Equity	1.01B	997.18M	993.32M	1.07B	957.76M	1.03B	712.95M	694.88M	141.1M	150.68M
Common Stock	0	1.02B	1.02B	1.1B	369K	381K	394K	404K	419K	434K
Retained Earnings	0	0	0	0	-20.63M	27.58M	-283.25M	-333.66M	-921.74M	-940.45M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-31.09M	-22.61M	-23.96M	-29M	3.71M	1.63M	-33.74M	-27.97M	-25.91M	-25.47M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	113.92M	96.78M	115.26M	88.07M	44.79M	74.39M	-2.14M	7.5M	17.2M	61.17M
Operating CF Margin %	0.54%	0.4%	0.42%	0.29%	0.14%	0.19%	-0.01%	0.03%	0.05%	0.24%
Operating CF Growth %	-	-0.15%	0.19%	-0.24%	-0.49%	0.66%	-1.03%	4.51%	1.29%	2.56%
Net Income	34.94M	47.28M	5.88M	100.27M	-18.32M	45.89M	-310.83M	-56.25M	-588.08M	-18.71M
Depreciation & Amortization	19.75M	19.67M	25.77M	28.84M	30.04M	29.66M	23.94M	16.04M	10.63M	10.55M
Stock-Based Compensation	18.59M	19.79M	22.04M	29.68M	47.28M	60.55M	28.08M	40.77M	23.67M	27.35M
Deferred Taxes	-20.47M	-17.72M	12.47M	-101.22M	-10.57M	-4.42M	97.29M	7.6M	-4.66M	241K
Other Non-Cash Items	0	0	0	0	25.27M	3.99M	224.7M	1.09M	617.25M	5.21M
Working Capital Changes	61.1M	27.76M	49.1M	30.5M	-28.92M	-61.29M	-65.32M	-1.74M	-41.63M	36.53M
Change in Receivables	-4.22M	-17.94M	8.47M	904K	15.15M	5.75M	-6.59M	-16.96M	11.76M	-1.4M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	3.63M	-1.02M	-6.29M	10.13M	-2.43M	3.41M	157K	5.77M	-12.55M	-3.15M
Cash from Investing+	-8.29M	-4.71M	-86.31M	-4.52M	-30.68M	-41.63M	-10.56M	5.82M	4.38M	-10.55M
Capital Expenditures	-8.29M	-4.71M	-6.51M	-4.52M	-19.01M	-12.05M	-17.45M	-5.12M	-5M	-14.36M
CapEx % of Revenue	0.04%	0.02%	0.02%	0.01%	0.06%	0.03%	0.05%	0.02%	0.02%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	1.1M	2.02M	-1.35M	-1.74M	-1.71M
Cash from Financing+	-105.62M	-92.07M	-28.95M	-83.55M	121.55M	-41.51M	-19.61M	-5.33M	225K	-87M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-152.98M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-105.62M	-92.07M	-28.95M	-83.55M	-2.81M	-46.29M	-49M	-22.07M	-10.28M	-2.38M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	105.62M	92.07M	108.75M	83.55M	25.78M	62.34M	-19.58M	2.37M	12.2M	46.82M
FCF Margin %	0.5%	0.38%	0.39%	0.28%	0.08%	0.16%	-0.06%	0.01%	0.04%	0.19%
FCF Growth %	-	-0.13%	0.18%	-0.23%	-0.69%	1.42%	-1.31%	1.12%	4.14%	2.84%
FCF per Share	2.90	2.53	2.99	2.30	0.71	1.59	-0.50	0.06	0.29	1.08
FCF Conversion (FCF/Net Income)	3.26x	2.05x	19.60x	0.88x	-2.45x	1.62x	0.01x	-0.13x	-0.03x	-3.27x
Interest Paid	0	0	0	0	14.73M	9.55M	9.09M	11.57M	6.03M	5.55M
Taxes Paid	0	0	18.44M	12.14M	2.18M	6.18M	12.27M	11.19M	10.18M	6.71M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.45%	4.71%	0.59%	9.73%	-1.81%	4.61%	-35.63%	-7.99%	-140.69%	-12.83%
Return on Invested Capital (ROIC)	3.69%	4.95%	4.05%	2.63%	2.67%	4.26%	2.74%	-1.28%	5.8%	3.29%
Gross Margin	67.65%	68.8%	66.33%	62.57%	63.62%	70.62%	66.85%	65.7%	73.02%	72.07%
Net Margin	16.55%	19.32%	2.12%	33.06%	-5.53%	11.85%	-94.8%	-19.1%	-177.4%	-7.43%
Debt / Equity	-	-	-	-	0.31x	0.28x	0.40x	0.42x	2.09x	1.44x
Interest Coverage	-	-	-	-	1.71x	4.69x	2.66x	-1.03x	3.69x	1.28x
FCF Conversion	3.26x	2.05x	19.60x	0.88x	-2.45x	1.62x	0.01x	-0.13x	-0.03x	-3.27x
Revenue Growth	-	15.91%	13.18%	9.51%	9.12%	16.99%	-15.31%	-10.19%	12.57%	-24.05%

Revenue by Segment

	2020	2021	2022	2023	2024
Connected Services	96.15M	109.53M	85.57M	75.07M	133.44M
Connected Services Growth	-	13.92%	-21.88%	-12.27%	77.76%
License	164.27M	202.18M	158.61M	145.16M	124.75M
License Growth	-	23.08%	-21.55%	-8.48%	-14.06%
Professional Services	69.23M	75.47M	83.71M	74.25M	73.31M
Professional Services Growth	-	9.01%	10.93%	-11.31%	-1.25%

Revenue by Geography

	2020	2021	2022	2023	2024
UNITED STATES	128.38M	-	100.56M	87.12M	139.44M
UNITED STATES Growth	-	-	-	-13.37%	60.06%
GERMANY	100.67M	-	74.55M	87.21M	94.05M
GERMANY Growth	-	-	-	16.98%	7.84%
JAPAN	50.94M	-	74.48M	40.12M	42.47M
JAPAN Growth	-	-	-	-46.13%	5.84%
Other Asia Pacific	24.25M	44.23M	62.62M	64.17M	36.91M
Other Asia Pacific Growth	-	82.45%	41.56%	2.48%	-42.49%
Other Europe Middle East And Africa	25.39M	29.96M	15.58M	15.6M	18.02M
Other Europe Middle East And Africa Growth	-	18.00%	-48.01%	0.15%	15.48%
Other Americas	16K	175K	99K	244K	623K
Other Americas Growth	-	993.75%	-43.43%	146.46%	155.33%
U S	-	135.03M	-	-	-
U S Growth	-	-	-	-	-
D E	-	114.94M	-	-	-
D E Growth	-	-	-	-	-
J P	-	62.84M	-	-	-
J P Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Cerence Inc. (CRNC) reported $251.8M in revenue for fiscal year 2025. This represents a 19% increase from $211.1M in 2016.

Cerence Inc. (CRNC) saw revenue decline by 24.0% over the past year.

Cerence Inc. (CRNC) reported a net loss of $18.7M for fiscal year 2025.

Dividend & Returns

Cerence Inc. (CRNC) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.

Cerence Inc. (CRNC) generated $46.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.