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Cerence (CRNC)
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Cerence Income Statement 2025-2011 | CRNC
Brief overview of income trends at Cerence
The conclusions below are based on five years of reported results. Revenue reported by Cerence was 331 million dollars at the beginning of the period and 252 million dollars at the end. Overall revenue changed by −23.9%, equal to an annualized rate of about −5.3%. The business finished the period with a smaller revenue base.
The five-year change in gross profit reached −17.9%: from $223 million to $183 million. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. The gross margin was 67.4% at the start and 72.7% at the end. The expansion indicates stronger pricing power or better control of direct costs.
EBITDA was $52.5 million at the beginning and $8.3 million at the end of the period (−84.3%). Operating performance weakened relative to revenue. At the operating-margin level, the figure shifted from 15.9% to 3.3%. Operating return per unit of revenue declined.
The net financial result changed from −$18.3 million to −$18.7 million. The period ended with a larger loss than it began with.
Market value was 4 billion dollars at the start and 444 million dollars at the end. The valuation did not keep pace with the reported progress.
What the figures show
The financial trajectory is weak and requires a cautious interpretation. Key strengths include a stronger gross margin and consistent net profitability. The main areas of concern are a weaker market valuation, pressure on operating profitability and a low EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Cerence
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
444 M | 290 M | 719 M | 637 M | 1.36 B | 4.04 B | 574 M | - | - | - | - | - | - | - | - |
Shares |
43.2 M | 41.6 M | 40.2 M | 39.2 M | 37.8 M | 36.4 M | 36.4 M | - | - | - | - | - | - | - | - |
Historical Prices |
10.3 | 6.96 | 17.9 | 16.3 | 36.1 | 111 | 21.7 | - | - | - | - | - | - | - | - |
Net Income |
-18.7 M | -588 M | -56.3 M | -311 M | 45.9 M | -18.3 M | 100 M | 5.88 M | 47.3 M | 34.9 M | - | - | - | - | - |
Revenue |
252 M | 332 M | 294 M | 328 M | 387 M | 331 M | 303 M | 277 M | 245 M | 211 M | - | - | - | - | - |
Cost of Revenue |
68.6 M | 87.2 M | 95.2 M | 97.2 M | 101 M | 108 M | 99.3 M | 83 M | - | - | - | - | - | - | - |
Gross Profit |
183 M | 244 M | 199 M | 231 M | 286 M | 223 M | 204 M | 194 M | 176 M | 151 M | - | - | - | - | - |
Operating Income |
-2.29 M | -580 M | -27.2 M | -184 M | 60.6 M | 22.4 M | 10.9 M | 36.9 M | - | - | - | - | - | - | - |
Interest Expense |
-160 K | 12.6 M | 14.8 M | 14.4 M | 14 M | 22.7 M | 332 K | -54 K | - | - | - | - | - | - | - |
EBITDA |
8.26 M | -569 M | -11.2 M | -160 M | 90.3 M | 52.5 M | 48.7 M | 62.6 M | 72 M | 56 M | - | - | - | - | - |
Operating Expenses |
185 M | 824 M | 227 M | 415 M | 226 M | 201 M | 168 M | 140 M | 110 M | 101 M | - | - | - | - | - |
General and Administrative Expenses |
48.8 M | 52.5 M | 57.9 M | 42.7 M | 57 M | 49.4 M | 25.9 M | 19.9 M | 17.5 M | 14.4 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Cerence
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
45.2 M | 45.1 M | 45 M | 43.3 M | 43.3 M | 43.2 M | 42.9 M | 41.9 M | 41.8 M | 41.7 M | 41.2 M | 40.4 M | 40.3 M | 40.2 M | 40 M | 39.4 M | 39.3 M | 39.2 M | 38.8 M | 37.7 M | 37.8 M | 37.7 M | 37.2 M | 36.8 M | 36.5 M | 37.2 M | 36 M | 36.4 M | 36.4 M | 36 M | 36.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
1.53 M | 1.67 M | -5.24 M | -2.72 M | -2.72 M | 21.7 M | -24.3 M | - | -314 M | -278 M | 23.9 M | - | -16.5 M | -26.1 M | -2.16 M | -80.7 M | -99.3 M | -476 K | 19 M | 37.9 M | 5.8 M | 11.2 M | 20.9 M | 20.9 M | 20.9 M | 21.6 M | -11.3 M | 95.8 M | 1.77 M | -11.8 M | 2.26 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
69.6 M | 64.2 M | 115 M | 62.2 M | 62.2 M | 78 M | 50.9 M | - | 70.5 M | 67.8 M | 138 M | - | 61.7 M | 68.4 M | 83.7 M | 270 M | 89 M | 86.3 M | 94.4 M | 289 M | 96.8 M | 98.7 M | 93.6 M | 93.6 M | 93.6 M | 95 M | 77.7 M | 83 M | 77.6 M | 77.5 M | 72.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
16.7 M | 16.9 M | 15.7 M | 16.3 M | 16.3 M | 17.8 M | 17.8 M | - | 20.1 M | 20.9 M | 26.3 M | - | 20.9 M | 25 M | 26.2 M | 72.8 M | 24.3 M | 24.3 M | 24.2 M | 76.9 M | 23.8 M | 26.2 M | 26.9 M | 26.9 M | 26.9 M | 26.9 M | 25.9 M | 72.3 M | 23.7 M | 25.9 M | 24.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
52.9 M | 47.3 M | 99.4 M | 45.9 M | 45.9 M | 60.2 M | 33.1 M | - | 50.4 M | 46.9 M | 112 M | - | 40.7 M | 43.4 M | 57.5 M | 197 M | 64.8 M | 62 M | 70.2 M | 212 M | 73 M | 72.4 M | 66.8 M | 66.8 M | 66.8 M | 68.1 M | 51.8 M | 55.9 M | 53.9 M | 51.5 M | 48.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
1.88 M | -2.44 M | 29.3 M | -948 K | -948 K | 17.4 M | -16.9 M | - | -355 M | -264 M | 58.6 M | - | -8.5 M | -20.6 M | -1.98 M | 45 M | 15.8 M | 6.28 M | 22.9 M | 49.8 M | 14.9 M | 17.3 M | 17.5 M | 17.5 M | 17.5 M | 20.3 M | -1.85 M | 6.24 M | 3.26 M | -2.1 M | 2.81 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
413 K | 288 K | 1.55 M | 1.67 M | 1.67 M | 2.72 M | 3.39 M | - | 626 K | 3.11 M | 3.24 M | - | 4.12 M | 4 M | 3.51 M | 10.6 M | 3.82 M | 3.36 M | 3.43 M | 10.6 M | 3.29 M | 3.48 M | 3.8 M | 19 M | 5.55 M | 3.8 M | 6.8 M | 100 K | -150 K | 6.8 M | -16 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
9.7 M | 2.53 M | 31.5 M | 7.56 M | -348 K | 17.9 M | -14.5 M | - | -354 M | -264 M | 61.3 M | - | -7.8 M | -18.1 M | 3.03 M | 63.8 M | 18.7 M | 10.3 M | 30.1 M | 72.1 M | 20 M | 22.4 M | 25.2 M | 40.2 M | 32.5 M | 27.9 M | 5.51 M | 27.8 M | 17.8 M | 5.26 M | 10.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
51 M | 49.7 M | 70 M | 46.8 M | 46.8 M | 42.8 M | 50 M | - | 405 M | 311 M | 53.4 M | - | 49.2 M | 64 M | 59.5 M | 152 M | 49 M | 55.7 M | 47.3 M | 162 M | 58 M | 55.1 M | 49.2 M | 49.2 M | 49.2 M | 47.8 M | 53.6 M | 142 M | 50.6 M | 53.6 M | 45.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
14.7 M | 12.8 M | 32 M | 12.3 M | 12.3 M | 11.2 M | 12.8 M | - | 9.83 M | 16.7 M | 12.8 M | - | 13 M | 19.2 M | 14.3 M | 31.9 M | 10.6 M | 13.8 M | 7.53 M | 38.6 M | 13.2 M | 13 M | 12.4 M | 36.5 M | 14.3 M | 11.6 M | 11.5 M | 17.6 M | 6.24 M | 11.5 M | 5.72 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Cerence (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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