← Cerence Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | $277.0m | $303.3m | $329.6m | $387.2m | $327.9m | $294.5m | $331.5m | $251.8m | $309.5m | |
| Total cost of revenues | $83.0m |
$99.3m
+19.74%
|
$107.9m
+8.56%
|
$101.1m
-6.28%
|
$97.2m
-3.86%
|
$95.2m
-2.06%
|
$87.2m
-8.33%
|
$68.6m
-21.31%
|
— | |
| Gross profit | $194.0m |
$204.0m
+5.13%
|
$221.8m
+8.74%
|
$286.1m
+29.00%
|
$230.7m
-19.36%
|
$199.3m
-13.61%
|
$244.3m
+22.56%
|
$183.1m
-25.03%
|
$243.6m
+32.99%
|
|
| Research and development | $81.0m | $93.1m | $88.9m | $112.1m | $107.1m | $123.3m | $121.6m | $97.8m | $110.6m | |
| 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 | $72.0m | |
| Amortization of intangible assets | $8.8m | $12.5m | $12.5m | $12.7m | $11.5m | $5.9m | $2.2m | $1.7m | — | |
| Restructuring and other costs, net | $12.9m | $24.4m | $18.2m | $5.1m | $9.0m | $11.9m | $17.1m | $15.4m | — | |
| Total operating expenses | $157.2m | $193.1m | $202.5m | $225.5m | $415.1m | $226.5m | $824.2m | $185.4m | $206.7m | |
| Loss from operations | $36.9m |
$10.9m
-70.55%
|
$19.3m
+78.13%
|
$60.6m
+213.46%
|
($184.3m)
-404.23%
|
($27.2m)
+85.25%
|
($579.9m)
-2032.20%
|
($2.3m)
+99.60%
|
— | |
| Interest expense | — | — | ($22.7m) | ($14.0m) | ($14.4m) | ($14.8m) | ($12.6m) | ($10.2m) | $6.3m | |
| Interest income | — | — | $585k | $109k | $1.0m | $4.5m | $5.4m | $3.9m | $2.8m | |
| 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) | — | |
| Goodwill impairment | — | — | — | — | $213.7m | $0 | $609.2m | $0 | $0 | |
| Other (expense) income, net | ($54k) | $332k | ($23.3m) | $1.6m | ($1.0m) | $1.1m | $2.5m | ($160k) | — |