CRNC - Cerence Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$8.00
DETAILS
HIGH:
$8.00
LOW:
$8.00
MEDIAN:
$8.00
CONSENSUS:
$8.00
DOWNSIDE:
27.14%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 251.8 | 331.5 | 294.5 | 327.9 | 387.2 | 331.0 | 303.3 | 277.0 | 244.7 | 211.1 |
| Cost of Revenue | 70.3 | 89.4 | 101.0 | 108.7 | 113.8 | 120.4 | 113.5 | 93.3 | 76.4 | 68.3 |
| Gross Profit | 181.5 | 242.1 | 193.5 | 219.2 | 273.4 | 210.6 | 189.8 | 183.7 | 168.4 | 142.8 |
| Operating Expenses | ||||||||||
| R&D Expenses | 97.8 | 121.6 | 123.3 | 107.1 | 112.1 | 88.9 | 93.1 | 81.0 | 56.8 | 53.6 |
| SG&A Expenses | 70.6 | 74.2 | 85.4 | 73.8 | 95.7 | 82.8 | 62.2 | 50.4 | 47.4 | 41.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 168.3 | 195.8 | 208.7 | 180.9 | 207.7 | 171.7 | 153.6 | 129.9 | 102.1 | 93.1 |
| Operating Income | ||||||||||
| Operating Income | 13.1 | 46.3 | (15.3) | 38.3 | 65.7 | 38.9 | 36.2 | 53.8 | 66.3 | 49.7 |
| Interest Expense | 10.2 | 12.6 | 14.8 | 14.4 | 14.0 | 22.7 | 0 | 0 | 0 | 0 |
| Interest Income | 3.9 | 5.4 | 4.5 | 1.0 | 0.1 | 0.6 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 12.0 | (561.4) | (5.6) | (160.4) | 91.9 | 29.7 | 40.0 | 62.6 | 82.9 | 67.0 |
| EBIT | 1.4 | (572.1) | (21.6) | (184.4) | 62.3 | (0.3) | 11.2 | 36.8 | 63.2 | 47.3 |
| Income Before Tax | (8.8) | (584.6) | (36.4) | (198.8) | 48.3 | (23.0) | 11.2 | 36.8 | 63.2 | 47.3 |
| Income Tax Expense | 9.9 | 3.5 | 19.9 | 112.1 | 2.4 | (4.7) | (89.1) | 30.9 | 15.9 | 12.3 |
| Net Income | (18.7) | (588.1) | (56.3) | (310.8) | 45.9 | (18.3) | 100.3 | 5.9 | 47.3 | 34.9 |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.43 | -14.12 | -1.40 | -7.93 | 1.22 | -0.57 | 2.75 | 0.16 | 1.30 | 0.96 |
| EPS (Diluted) | -0.43 | -14.12 | -1.40 | -7.93 | 1.17 | -0.57 | 2.75 | 0.16 | 1.30 | 0.96 |
| Shares Outstanding | 43.2 | 41.6 | 40.2 | 39.2 | 37.8 | 36.4 | 36.4 | 36.4 | 36.4 | 36.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 84.0 | 121.5 | 101.2 | 94.8 | 128.4 | 136.1 | 0 | 0 | 0 | 0 |
| Short-Term Investments | 3.4 | 5.5 | 9.2 | 20.3 | 30.4 | 11.7 | 0 | 0 | 0 | 0 |
| Net Receivables | 58.9 | 62.8 | 61.3 | 45.1 | 45.6 | 49.9 | 65.8 | 72.1 | 74.0 | 55.2 |
| Inventory | 0 | 0 | 6.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 39.9 | 75.8 | 0.5 | 8.7 | 6.1 | 7.3 | 9.2 | 6.8 | 5.3 | 2.4 |
| Total Current Assets | 186.3 | 265.5 | 225.7 | 227.5 | 287.0 | 249.1 | 92.3 | 83.0 | 80.8 | 59.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 52.5 | 43.0 | 46.0 | 52.4 | 46.4 | 49.6 | 20.1 | 13.4 | 13.3 | 15.6 |
| Goodwill | 299.0 | 296.9 | 900.3 | 890.8 | 1,128.5 | 1,128.2 | 1,119.3 | 1,119.9 | 1,075.4 | 1,067.5 |
| Intangible Assets | 0 | 1.7 | 3.9 | 9.7 | 25.3 | 45.6 | 65.6 | 84.8 | 50.7 | 61.5 |
| Long-Term Investments | 2.6 | 3.5 | 10.6 | 11.6 | 7.3 | 38.2 | 32.4 | 44.2 | 48.3 | 39.6 |
| Other Non-Current Assets | 36.0 | 40.4 | 64.5 | 74.5 | 51.8 | 14.9 | 3.4 | 1.1 | 0.2 | 0.2 |
| Total Non-Current Assets | 444.3 | 436.8 | 1,071.9 | 1,091.0 | 1,418.7 | 1,438.3 | 1,391.5 | 1,314.6 | 1,254.9 | 1,233.9 |
| Total Assets | 630.6 | 702.4 | 1,297.6 | 1,318.5 | 1,705.7 | 1,687.4 | 1,483.8 | 1,397.5 | 1,335.8 | 1,293.0 |
| Current Liabilities | ||||||||||
| Account Payables | 0.9 | 4.0 | 16.9 | 10.4 | 11.6 | 8.4 | 16.7 | 6.5 | 5.5 | 6.5 |
| Short-Term Debt | 4.4 | 87.1 | 0.4 | 10.9 | 6.2 | 6.2 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 51.9 | 52.8 | 77.1 | 72.7 | 78.4 | 112.5 | 88.2 | 84.9 | 66.7 | 51.6 |
| Other Current Liabilities | 13.3 | 49.6 | 40.6 | 27.8 | 24.5 | 7.6 | 11.2 | 4.7 | 4.0 | 3.4 |
| Total Current Liabilities | 101.2 | 216.8 | 148.1 | 147.0 | 165.3 | 198.6 | 129.1 | 121.8 | 94.4 | 79.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 212.8 | 194.8 | 276.0 | 259.4 | 265.1 | 266.9 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 11.6 | 0 | 2.4 |
| Other Non-Current Liabilities | 12.8 | 26.4 | 24.8 | 21.7 | 31.6 | 30.6 | 21.5 | 18.6 | 10.7 | 10.2 |
| Total Non-Current Liabilities | 378.7 | 344.5 | 454.6 | 458.5 | 508.5 | 528.9 | 286.6 | 282.4 | 244.2 | 204.4 |
| Total Liabilities | 479.9 | 561.3 | 602.7 | 605.5 | 673.8 | 729.7 | 415.7 | 404.2 | 338.6 | 281.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 1,097.1 | 1,017.3 | 1,019.8 | 0 |
| Retained Earnings | (940.5) | (921.7) | (333.7) | (283.2) | 27.6 | (20.6) | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (25.5) | (25.9) | (28.0) | (33.7) | 1.6 | 3.7 | (29.0) | (24.0) | (22.6) | (31.1) |
| Total Stockholders' Equity | 150.7 | 141.1 | 694.9 | 713.0 | 1,031.9 | 957.8 | 1,068.1 | 993.3 | 997.2 | 1,011.4 |
| Total Liabilities & Equity | 630.6 | 702.4 | 1,297.6 | 1,318.5 | 1,705.7 | 1,687.4 | 1,483.8 | 1,397.5 | 1,335.8 | 1,293.0 |
| Debt Metrics | ||||||||||
| Total Debt | 230.3 | 295.2 | 289.3 | 286.8 | 289.8 | 296.6 | 0 | 0 | 0 | 0 |
| Net Debt | 146.2 | 173.8 | 188.2 | 192.0 | 161.4 | 160.6 | 0 | 0 | 0 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (18.7) | (588.1) | (56.3) | (310.8) | 45.9 | (18.3) | 100.3 | 5.9 | 47.3 | 34.9 |
| Depreciation & Amortization | 10.5 | 10.6 | 16.0 | 23.9 | 29.7 | 30.0 | 28.8 | 25.8 | 19.7 | 19.8 |
| Stock-Based Compensation | 27.4 | 23.7 | 40.8 | 28.1 | 60.6 | 47.3 | 29.7 | 22.0 | 19.8 | 18.6 |
| Change in Working Capital | 36.5 | (41.6) | (1.7) | (65.3) | (61.3) | (28.9) | 30.5 | 49.1 | 27.8 | 61.1 |
| Other Non-Cash Items | 5.2 | 617.3 | 1.1 | 224.7 | 4.0 | 25.3 | 0 | 0 | 0 | 0 |
| Operating Cash Flow | 61.2 | 17.2 | 7.5 | (2.1) | 74.4 | 44.8 | 88.1 | 115.3 | 96.8 | 113.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (14.4) | (5.0) | (5.1) | (17.4) | (12.0) | (19.0) | (4.5) | (6.5) | (4.7) | (8.3) |
| Acquisitions | 0 | 0 | 0 | (0.6) | (2.6) | 0 | 0 | (79.8) | 0 | 0 |
| Purchases of Investments | 0 | 0 | (18.0) | (31.8) | (44.5) | (11.7) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 5.5 | 11.1 | 30.3 | 37.2 | 16.4 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (1.7) | (1.7) | (1.4) | 2.0 | 1.1 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (10.6) | 4.4 | 5.8 | (10.6) | (41.6) | (30.7) | (4.5) | (86.3) | (4.7) | (8.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (87.5) | (0.4) | 11.1 | (6.7) | (6.7) | 276.0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | (153.0) | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.4) | (10.3) | (22.1) | (49.0) | (46.3) | (2.8) | (83.6) | (28.9) | (92.1) | (105.6) |
| Financing Cash Flow | (87.0) | 0.2 | (5.3) | (19.6) | (41.5) | 121.6 | (83.6) | (28.9) | (92.1) | (105.6) |
| Cash Position | ||||||||||
| Net Change in Cash | (37.5) | 20.3 | 6.3 | (33.6) | (7.6) | 136.1 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 121.5 | 101.2 | 94.8 | 128.4 | 136.1 | 0 | 0 | 0 | 0 | 0 |
| Cash at End | 84.0 | 121.5 | 101.2 | 94.8 | 128.4 | 136.1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 46.8 | 12.2 | 2.4 | (19.6) | 62.3 | 25.8 | 83.6 | 108.7 | 92.1 | 105.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 251.8 | 331.5 | 294.5 | 327.9 | 387.2 | 331.0 | 303.3 | 277.0 | 244.7 | 211.1 |
| Gross Profit | 181.5 | 242.1 | 193.5 | 219.2 | 273.4 | 210.6 | 189.8 | 183.7 | 168.4 | 142.8 |
| Operating Income | 13.1 | 46.3 | (15.3) | 38.3 | 65.7 | 38.9 | 36.2 | 53.8 | 66.3 | 49.7 |
| Net Income | (18.7) | (588.1) | (56.3) | (310.8) | 45.9 | (18.3) | 100.3 | 5.9 | 47.3 | 34.9 |
| EPS (Diluted) | -0.43 | -14.12 | -1.40 | -7.93 | 1.17 | -0.57 | 2.75 | 0.16 | 1.30 | 0.96 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 84.0 | 121.5 | 101.2 | 94.8 | 128.4 | 136.1 | 0 | 0 | 0 | 0 |
| Total Assets | 630.6 | 702.4 | 1,297.6 | 1,318.5 | 1,705.7 | 1,687.4 | 1,483.8 | 1,397.5 | 1,335.8 | 1,293.0 |
| Total Debt | 230.3 | 295.2 | 289.3 | 286.8 | 289.8 | 296.6 | 0 | 0 | 0 | 0 |
| Stockholders' Equity | 150.7 | 141.1 | 694.9 | 713.0 | 1,031.9 | 957.8 | 1,068.1 | 993.3 | 997.2 | 1,011.4 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 61.2 | 17.2 | 7.5 | (2.1) | 74.4 | 44.8 | 88.1 | 115.3 | 96.8 | 113.9 |
| Capital Expenditure | (14.4) | (5.0) | (5.1) | (17.4) | (12.0) | (19.0) | (4.5) | (6.5) | (4.7) | (8.3) |
| Free Cash Flow | 46.8 | 12.2 | 2.4 | (19.6) | 62.3 | 25.8 | 83.6 | 108.7 | 92.1 | 105.6 |