# Cerence Inc. (CRNC)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $450M  
**Price:** $10.41 (+4.62%)

> Cerence Inc. is a software company focused on conversational artificial intelligence for the mobility and transportation market. Cerence develops voice-enabled and multimodal AI solutions that help drivers and passengers interact with vehicles through natural language, hands-free controls, and personalized digital assistants. Its offerings include core AI technologies, embedded automotive software, cloud-connected services, and professional services for automakers and tier 1 suppliers. The company serves global automobile manufacturers and adjacent transportation and technology partners, supporting in-car experiences across infotainment, navigation, communication, and vehicle access functions. Headquartered in Burlington, Massachusetts, Cerence Inc. plays a specialized role in the automotive software ecosystem by supplying human-machine interface tools that make vehicles more connected, intuitive, and responsive.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $252M | $183M | -$2M | -$19M | — |
| 2024 | $332M | $244M | -$580M | -$588M | — |
| 2023 | $294M | $199M | -$27M | -$56M | — |
| 2022 | $328M | $231M | -$184M | -$311M | — |
| 2021 | $387M | $286M | $61M | $46M | — |
| 2020 | $331M | $223M | $22M | -$18M | — |
| 2019 | $303M | $204M | $11M | $100M | — |
| 2018 | $277M | $194M | $37M | $6M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $631M | $480M | $151M | — | $200M |
| 2024 | $702M | $561M | $141M | — | $282M |
| 2023 | $1.30B | $603M | $695M | — | $276M |
| 2022 | $1.32B | $606M | $713M | — | $270M |
| 2021 | $1.71B | $674M | $1.03B | — | $271M |
| 2020 | $1.69B | $728M | $960M | — | $273M |
| 2019 | $1.48B | $416M | $1.07B | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $61M | $14M | $47M |
| 2024 | $17M | $5M | $12M |
| 2023 | $7M | $5M | $2M |
| 2022 | -$2M | $17M | -$20M |
| 2021 | $74M | $12M | $62M |
| 2020 | $45M | $19M | $26M |
| 2019 | $88M | $5M | $84M |
| 2018 | $115M | $7M | $109M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CRNC)