CERENCE INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $251.8M | $331.5M | $294.5M | $327.8M | $387.2M | $329.6M | $307.4M | $301.0M |
| License | — | — | $118.5M | $157.4M | $213.1M | $172.0M | $164.7M | $154.6M |
| Cloud-connected services | — | — | $148.2M | $132.7M | $132.2M | $116.9M | $100.6M | $92.2M |
| Professional services | — | — | $27.9M | $37.7M | $42.0M | $40.7M | $42.1M | $54.2M |
| Cost of Revenue | $68.6M | $87.2M | $95.2M | $97.2M | $101.1M | $107.9M | $99.3M | $83.0M |
| Gross Profit | $183.1M | $244.3M | $199.3M | $230.7M | $286.1M | $223.1M | $204.0M | $194.0M |
| Gross Margin | 72.7% | 73.7% | 67.7% | 70.4% | 73.9% | 67.7% | 66.3% | 64.5% |
| Operating Expenses | ||||||||
| Research & Development | $97.8M | $121.6M | $123.3M | $107.1M | $112.1M | $88.9M | $93.1M | $81.0M |
| SG&A Expense | $48.8M | $52.5M | $57.9M | $42.7M | $57.0M | $49.4M | $25.9M | $19.9M |
| Operating Income | $-2.3M | $-579.9M | $-27.2M | $-184.3M | $60.6M | $22.4M | $10.9M | $36.9M |
| Operating Margin | -0.9% | -174.9% | -9.2% | -56.2% | 15.6% | 6.8% | 3.5% | 12.2% |
| Interest Expense | — | $12.6M | $14.8M | $14.4M | $14.0M | $22.7M | — | — |
| Pretax Income | $-8.8M | $-584.6M | $-36.4M | $-198.8M | $48.3M | $-23.0M | $11.2M | $36.8M |
| Income Tax Expense | $9.9M | $3.5M | $19.9M | $112.1M | $2.4M | $-4.7M | $-89.1M | $30.9M |
| Net Income | $-18.7M | $-588.1M | $-56.3M | $-310.8M | $45.9M | $-18.3M | $100.3M | $5.9M |
| Net Margin | -7.4% | -177.4% | -19.1% | -94.8% | 11.9% | -5.6% | 32.6% | 2.0% |
| EPS (Basic) | $-0.43 | $-14.12 | $-1.40 | $-7.93 | $1.22 | $-0.50 | $2.76 | $0.16 |
| EPS (Diluted) | $-0.43 | $-14.12 | $-1.40 | $-7.93 | $1.17 | $-0.50 | $2.76 | $0.16 |
| Shares Outstanding (Basic) | 43.2M | 41.6M | 40.2M | 39.2M | 37.8M | 36.4M | 36.4M | 36.4M |
| Shares Outstanding (Diluted) | 43.2M | 41.6M | 40.2M | 39.2M | 39.3M | 36.4M | 36.4M | 36.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |