← Cerence Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | $5.9m | $100.3m | ($20.6m) | $45.9m | ($310.8m) | ($56.3m) | ($588.1m) | ($18.7m) | — | |
| Depreciation and amortization | $25.8m | $28.8m | $30.0m | $29.7m | $23.9m | $16.0m | $10.6m | $10.5m | $9.9m | |
| Deferred tax provision (benefit) | $12.5m | ($101.2m) | ($11.4m) | ($4.4m) | $97.3m | $7.6m | ($4.7m) | $241k | — | |
| Stock-based compensation | $22.0m | $29.7m | $47.3m | $60.6m | $28.1m | $40.8m | $23.7m | $27.4m | $26.9m | |
| Goodwill impairment | — | — | — | — | $213.7m | $0 | $609.2m | $0 | $0 | |
| Accounts receivable | $8.5m | $904k | $16.1m | $5.8m | ($6.6m) | ($17.0m) | $11.8m | ($1.4m) | $9.1m | |
| Accounts payable | ($6.3m) | $10.1m | ($2.4m) | $3.4m | $157k | $5.8m | ($12.6m) | ($3.1m) | ($2.9m) | |
| Accrued expenses and other liabilities | $12.9m | $6.3m | $27.8m | ($1.1m) | ($1.5m) | ($408k) | $27.9m | ($18.2m) | — | |
| Deferred revenue | $49.5m | $17.7m | ($35.6m) | ($45.7m) | ($28.3m) | ($21.5m) | ($61.0m) | $23.3m | — | |
| Prepaid expenses and other assets | ($3.0m) | ($8.8m) | ($30.3m) | ($30.7m) | ($33.8m) | $28.2m | ($12.5m) | $32.1m | — | |
| Net cash provided by operating activities | $115.3m |
$88.1m
-23.59%
|
$44.8m
-49.14%
|
$74.4m
+66.09%
|
($2.1m)
-102.87%
|
$7.5m
+450.70%
|
$17.2m
+129.34%
|
$61.2m
+255.74%
|
$84.7m
+38.48%
|
|
| Capital expenditures | ($6.5m) | ($4.5m) | ($19.0m) | ($12.0m) | ($17.4m) | ($5.1m) | ($5.0m) | ($14.4m) | ($6.1m) | |
| Purchases of marketable securities | — | — | ($11.7m) | ($42.5m) | ($31.8m) | ($18.0m) | $0 | $0 | — | |
| Sale and maturities of marketable securities | — | — | — | $16.4m | $37.2m | $30.3m | $11.1m | $5.5m | — | |
| Other investing activities | — | — | — | $1.1m | $2.0m | ($1.4m) | ($1.7m) | ($1.7m) | — | |
| Net cash (used in) provided by investing activities | ($86.3m) | ($4.5m) | ($30.7m) | ($41.6m) | ($10.6m) | $5.8m | $4.4m | ($10.6m) | — | |
| (Gain) loss on debt extinguishment | — | — | $19.3m | $0 | — | $1.3m | $0 | ($327k) | — | |
| Principal payments of short-term debt | — | — | — | — | — | $0 | $0 | ($87.1m) | — | |
| Proceeds from long-term debt, net of discount | — | — | $547.7m | $0 | — | $210.0m | $0 | $0 | — | |
| Payments for long-term debt issuance costs | — | — | ($6.4m) | ($520k) | — | ($17.2m) | ($419k) | $0 | — | |
| Principal payments of long-term debt | — | — | ($271.6m) | ($6.3m) | ($6.2m) | ($198.4m) | $0 | $0 | — | |
| Common stock repurchases for tax withholdings for net settlement of equity awards | — | — | ($9.4m) | ($45.8m) | ($49.0m) | ($4.9m) | ($9.9m) | ($2.4m) | — | |
| Proceeds from the issuance of common stock | — | — | $1.3m | $11.5m | $36.1m | $5.6m | $10.9m | $2.9m | — | |
| Net cash (used in) provided by financing activities | ($28.9m) |
($83.6m)
-188.64%
|
$121.6m
+245.48%
|
($41.5m)
-134.15%
|
($19.6m)
+52.76%
|
($5.3m)
+72.79%
|
$225k
+104.22%
|
($87.0m)
-38767.11%
|
— | |
| Cash and cash equivalents at beginning of period | — | — | $136.1m | $128.4m | $94.8m | $101.2m | $121.5m | $84.0m | — | |
| Effect of foreign currency exchange rates on cash and cash equivalents | — | — | $400k | $1.1m | ($1.3m) | ($1.7m) | ($1.5m) | ($1.1m) | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for credit loss reserve | $366k | $401k | $704k | ($415k) | ($413k) | $3.6m | $3.5m | $220k | — | |
| Non-cash interest expense | — | — | $5.3m | $5.0m | $5.3m | $2.9m | $6.1m | $5.5m | — | |
| Unrealized foreign currency transaction gain | — | — | — | ($1.7m) | $5.7m | ($3.4m) | ($1.5m) | ($2.6m) | — | |
| Other, net | — | — | — | ($606k) | $6.1m | ($3.4m) | ($68k) | $2.4m | — | |
| Deferred costs | ($12.5m) | $4.3m | ($1.4m) | $7.0m | $4.7m | $3.2m | $4.8m | $3.9m | — | |
| Proceeds from revolving credit facility | — | — | — | — | — | $24.7m | $0 | $0 | — | |
| Payments of revolver credit facility | — | — | — | — | — | ($24.7m) | $0 | $0 | — | |
| Principal payment of lease liabilities arising from a finance lease | — | — | ($136k) | ($486k) | ($415k) | ($451k) | ($392k) | ($411k) | — | |
| Net change in cash and cash equivalents | — | — | $136.1m | ($7.6m) | ($33.6m) | $6.3m | $20.3m | ($37.5m) | — | |
| Cash paid for income taxes | $18.4m | $12.1m | $2.2m | $6.2m | $12.3m | $11.2m | $10.2m | $6.7m | — | |
| Cash paid for interest | — | — | $14.7m | $9.6m | $9.1m | $11.6m | $6.0m | $5.6m | — |