Cerence Inc.

CRNC · XNAS

CIK 1768267fmd_1MXSJ8EFWJWWSRJ7BKRMC2Y9TQServices · Services-Prepackaged SoftwareTemplate: Standard

Coverage: Oct 01, 2017 to Jun 30, 2026, 32 periods

Income Statement · Annual · Millions · USD
Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	277	303	331	387	328	294	332	252
Cost of revenue	83	99	108	101	97	95	87	69
Gross profit	194	204	223	286	231	199	244	183
Research and development	81	93	89	112	107	123	122	98
Selling, general and administrative	50	62	83	96	74	85	74	71
Total operating expenses	157	193	201	226	415	227	824	185
Operating income	37	11	22	61	(184)	(27)	(580)	(2)
Interest expense	–	–	23	14	14	15	13	10
Interest and investment income	–	–	1	0	1	4	5	4
Other non-operating income (expense)	(0)	0	(23)	2	(1)	1	3	(0)
Income before taxes	37	11	(23)	48	(199)	(36)	(585)	(9)
Income tax expense	31	(89)	(5)	2	112	20	3	10
Net income from continuing operations	6	100	(18)	46	(311)	(56)	(588)	(19)
Net income	6	100	(18)	46	(311)	(56)	(588)	(19)