Cerence Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues:
Total cost of revenues $83.0m $99.3m $107.9m $101.1m $97.2m $95.2m $87.2m $68.6m
Gross profit $194.0m $204.0m $221.8m $286.1m $230.7m $199.3m $244.3m $183.1m
Research and development $81.0m $93.1m $88.9m $112.1m $107.1m $123.3m $121.6m $97.8m
Total operating expenses $157.2m $193.1m $202.5m $225.5m $415.1m $226.5m $824.2m $185.4m
Amortization of intangible assets $8.8m $12.5m $12.5m $12.7m $11.5m $5.9m $2.2m $1.7m
Sales and marketing $30.6m $36.3m $33.4m $38.7m $31.1m $27.5m $21.7m $21.8m
General and administrative $19.9m $25.9m $49.4m $57.0m $42.7m $57.9m $52.5m $48.8m
Goodwill impairment $213.7m $0 $609.2m $0
Loss from operations $36.9m $10.9m $19.3m $60.6m ($184.3m) ($27.2m) ($579.9m) ($2.3m)
Interest income $585k $109k $1.0m $4.5m $5.4m $3.9m
Loss before income taxes $36.8m $11.2m ($26.1m) $48.3m ($198.8m) ($36.4m) ($584.6m) ($8.8m)
Provision for income taxes $30.9m ($89.1m) ($5.5m) $2.4m $112.1m $19.9m $3.5m $9.9m
Net loss $5.9m $100.3m ($20.6m) $45.9m ($310.8m) ($56.3m) ($588.1m) ($18.7m)
Basic (in dollars per share) $0.16 $2.76 ($0.57) $1.22 ($7.93) ($1.40) ($14.12) ($0.43)
Diluted (in dollars per share) $0.16 $2.76 ($0.57) $1.17 ($7.93) ($1.40) ($14.12) ($0.43)
Restructuring and other costs, net $12.9m $24.4m $18.2m $5.1m $9.0m $11.9m $17.1m $15.4m
Interest expense ($22.7m) ($14.0m) ($14.4m) ($14.8m) ($12.6m) ($10.2m)
Other (expense) income, net ($54k) $332k ($23.3m) $1.6m ($1.0m) $1.1m $2.5m ($160k)