Cerence Inc. (CRNC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 64.19M | 115.08M | 60.64M | 62.24M | 78.01M | 50.9M | 54.8M | 70.54M | 67.83M | 138.34M | 80.76M | 61.66M | 68.39M | 83.66M | 58.14M | 89.04M | 86.28M | 94.43M | 98.08M | 96.8M |
| Revenue Growth % | -17.71% | 126.1% | 10.64% | -11.77% | 15.02% | -63.21% | -32.14% | 14.4% | -0.83% | 65.36% | 38.9% | -30.75% | -20.73% | -11.4% | -40.72% | -8.02% | -12.55% | 0.84% | 7.49% | 28.73% |
| Cost of Goods Sold | 16.9M | 15.73M | 16.64M | 16.35M | 17.83M | 17.82M | 20.46M | 20.66M | 21.44M | 26.88M | 23.59M | 21.49M | 27.41M | 28.53M | 26.75M | 27.11M | 27.44M | 27.38M | 27.3M | 27.02M |
| COGS % of Revenue | 26.32% | 13.67% | 27.45% | 26.27% | 22.85% | 35.02% | 37.34% | 29.28% | 31.61% | 19.43% | 29.2% | 34.85% | 40.07% | 34.11% | 46% | 30.45% | 31.8% | 29% | 27.83% | 27.91% |
| Gross Profit | 47.3M | 99.35M | 43.99M | 45.89M | 60.18M | 33.07M | 34.34M | 49.88M | 46.39M | 111.45M | 57.18M | 40.17M | 40.98M | 55.13M | 31.4M | 61.93M | 58.84M | 67.05M | 70.78M | 69.79M |
| Gross Margin % | 73.68% | 86.33% | 72.55% | 73.73% | 77.15% | 64.98% | 62.66% | 70.72% | 68.39% | 80.57% | 70.8% | 65.15% | 59.93% | 65.89% | 54% | 69.55% | 68.2% | 71% | 72.17% | 72.09% |
| Gross Profit Growth % | -21.41% | 200.41% | 28.11% | -8.01% | 29.73% | -70.33% | -39.94% | 24.19% | 13.18% | 102.19% | 82.12% | -35.13% | -30.34% | -17.78% | -55.64% | -11.26% | -15.04% | 5.42% | 13.27% | 56.91% |
| Operating Expenses | 49.61M | 62.24M | 45.08M | 45.99M | 40M | 38.94M | 43.24M | 46.22M | 54.12M | 52.17M | 52.44M | 47.5M | 55.89M | 52.91M | 44.63M | 44.95M | 52.09M | 39.2M | 57.71M | 53.08M |
| OpEx % of Revenue | 77.29% | 54.09% | 74.35% | 73.89% | 51.27% | 76.51% | 78.9% | 65.53% | 79.8% | 37.71% | 64.93% | 77.03% | 81.72% | 63.25% | 76.76% | 50.49% | 60.37% | 41.51% | 58.84% | 54.83% |
| Selling, General & Admin | 19.32M | 37.54M | 18.68M | 18.26M | 16.13M | 17.52M | 18.01M | 15.04M | 22.28M | 18.86M | 17.3M | 17.3M | 27.39M | 23.42M | 19.32M | 18.91M | 22.11M | 13.41M | 29M | 22.71M |
| SG&A % of Revenue | 30.09% | 32.63% | 30.81% | 29.33% | 20.68% | 34.42% | 32.87% | 21.32% | 32.85% | 13.64% | 21.42% | 28.05% | 40.05% | 27.99% | 33.23% | 21.24% | 25.62% | 14.2% | 29.57% | 23.46% |
| Research & Development | 30.3M | 24.7M | 26.4M | 27.15M | 23.33M | 20.87M | 25.23M | 31.18M | 31.85M | 33.31M | 35.14M | 30.2M | 28.49M | 29.49M | 25.31M | 26.04M | 29.98M | 25.79M | 28.7M | 30.37M |
| R&D % of Revenue | 47.2% | 21.46% | 43.54% | 43.63% | 29.91% | 41% | 46.03% | 44.21% | 46.95% | 24.08% | 43.51% | 48.98% | 41.66% | 35.26% | 43.53% | 29.24% | 34.74% | 27.31% | 29.27% | 31.37% |
| Other Operating Expenses | 0 | 0 | 0 | 578K | 536K | 554K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.32M | 37.1M | -1.09M | -98K | 20.18M | -5.87M | -8.9M | 3.66M | -7.74M | 59.28M | 4.74M | -7.33M | -14.9M | 2.21M | -13.23M | 16.97M | 6.75M | 27.85M | 13.07M | 16.71M |
| Operating Margin % | -3.61% | 32.24% | -1.79% | -0.16% | 25.87% | -11.54% | -16.23% | 5.19% | -11.41% | 42.86% | 5.87% | -11.89% | -21.79% | 2.64% | -22.76% | 19.06% | 7.83% | 29.49% | 13.33% | 17.26% |
| Operating Income Growth % | -111.48% | 732% | 87.77% | -102.68% | 360.91% | -109.9% | -287.78% | 149.95% | 48.09% | 2580.15% | 135.8% | -143.18% | -320.65% | -92.06% | -201.24% | 1.59% | -62.23% | 54.5% | -31.16% | 1757.64% |
| EBITDA | 474K | 39.29M | 948K | 2.62M | 23.53M | -3.43M | -6.32M | 6.33M | -5.04M | 61.97M | 7.63M | -4.21M | -9.88M | 7.22M | -8.15M | 22.25M | 13.12M | 35.06M | 20.46M | 24.04M |
| EBITDA Margin % | 0.74% | 34.14% | 1.56% | 4.21% | 30.17% | -6.73% | -11.52% | 8.97% | -7.43% | 44.8% | 9.44% | -6.83% | -14.44% | 8.63% | -14.02% | 24.99% | 15.2% | 37.13% | 20.86% | 24.83% |
| EBITDA Growth % | -97.99% | 1246.79% | 115.01% | -58.57% | 567.09% | -105.53% | -182.83% | 250.23% | 49% | 758.32% | 193.57% | -118.92% | -175.3% | -79.41% | -139.83% | -7.43% | -47.95% | 36.69% | -22.29% | 257.44% |
| D&A (Non-Cash Add-back) | 2.79M | 2.18M | 2.04M | 2.72M | 3.35M | 2.44M | 2.58M | 2.67M | 2.7M | 2.69M | 2.89M | 3.12M | 5.03M | 5.01M | 5.09M | 5.28M | 6.36M | 7.21M | 7.38M | 7.33M |
| EBIT | -1.5M | 31.73M | -3.76M | 1.62M | 18.77M | -15.22M | -17.28M | -352.99M | -263.22M | 61.43M | 3.48M | -9.32M | -18.38M | 2.61M | -229M | 15.54M | 6.33M | 22.77M | 10.93M | 15.16M |
| Net Interest Income | -822K | -800K | -1.1M | -1.51M | -1.8M | -1.96M | -1.66M | -1.82M | -1.92M | -1.8M | -1.9M | -2.91M | -2.84M | -2.64M | -3.2M | -3.57M | -3.28M | -3.34M | -3.39M | -3.26M |
| Interest Income | 655K | 865K | 603K | 895K | 918K | 1.44M | 1.44M | 1.29M | 1.19M | 1.43M | 1.23M | 1.21M | 1.16M | 870K | 591K | 243K | 83K | 90K | 41K | 34K |
| Interest Expense | 1.48M | 1.67M | 1.71M | 2.41M | 2.72M | 3.39M | 3.1M | 3.1M | 3.11M | 3.24M | 3.13M | 4.12M | 4M | 3.51M | 3.79M | 3.81M | 3.36M | 3.43M | 3.43M | 3.29M |
| Other Income/Expense | -661K | -7.04M | -4.38M | -691K | -4.13M | -12.75M | -11.49M | -359.76M | -258.59M | -1.09M | -4.39M | -6.12M | -7.48M | -3.12M | -219.56M | -5.25M | -3.79M | -8.5M | -5.57M | -4.85M |
| Pretax Income | -2.98M | 30.06M | -5.47M | -789K | 16.05M | -18.62M | -20.38M | -356.1M | -266.33M | 58.2M | 346K | -13.44M | -22.38M | -908K | -232.79M | 11.73M | 2.97M | 19.34M | 7.5M | 11.86M |
| Pretax Margin % | -4.64% | 26.12% | -9.02% | -1.27% | 20.58% | -36.58% | -37.19% | -504.82% | -392.67% | 42.07% | 0.43% | -21.8% | -32.73% | -1.09% | -400.37% | 13.17% | 3.44% | 20.48% | 7.65% | 12.25% |
| Income Tax | -4.65M | 35.3M | 7.89M | 1.93M | -5.6M | 5.67M | 33K | -42.55M | 11.65M | 34.34M | 11.9M | 3.01M | 3.71M | 1.25M | -2.66M | 110.99M | 3.44M | 299K | -489K | 6.06M |
| Effective Tax Rate % | 156.18% | 117.43% | -144.35% | -244.87% | -34.9% | -30.46% | -0.16% | 11.95% | -4.37% | 59.01% | 3438.73% | -22.4% | -16.56% | -137.67% | 1.14% | 946.48% | 116.03% | 1.55% | -6.52% | 51.12% |
| Net Income | 1.67M | -5.24M | -13.36M | -2.72M | 21.66M | -24.29M | -20.42M | -313.54M | -277.98M | 23.86M | -11.55M | -16.45M | -26.09M | -2.16M | -230.13M | -99.27M | -476K | 19.04M | 7.99M | 5.8M |
| Net Margin % | 2.61% | -4.55% | -22.03% | -4.37% | 27.76% | -47.72% | -37.25% | -444.5% | -409.84% | 17.25% | -14.3% | -26.69% | -38.15% | -2.58% | -395.79% | -111.48% | -0.55% | 20.17% | 8.15% | 5.99% |
| Net Income Growth % | -92.27% | 78.43% | 34.56% | 99.13% | 107.79% | -201.81% | -76.73% | -1805.46% | -965.49% | 1205.51% | 94.98% | 83.42% | -5380.88% | -111.33% | -2979.83% | -1812.09% | -104.26% | -9.06% | -2.63% | 120.67% |
| Net Income (Continuing) | 1.67M | -5.24M | -13.36M | -2.72M | 21.66M | -24.29M | -20.42M | -313.54M | -277.98M | 23.86M | -11.55M | -16.45M | -26.09M | -2.16M | -230.13M | -99.27M | -476K | 19.04M | 7.99M | 5.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.04 | -0.12 | -0.31 | -0.06 | 0.46 | -0.57 | 13.56 | -7.50 | -6.66 | 0.53 | -0.29 | -0.41 | -0.65 | -0.05 | -5.84 | -2.53 | -0.01 | 0.47 | 0.20 | 0.15 |
| EPS Growth % | -92.24% | 78.95% | -102.29% | 99.16% | 106.91% | -207.55% | 4775.86% | -1729.27% | -924.62% | 1081.48% | 95.03% | 83.79% | -5271.9% | -111.49% | -3020% | -1786.67% | -104.32% | -11.32% | 17.65% | 119.48% |
| EPS (Basic) | 0.04 | -0.12 | -0.31 | -0.06 | 0.50 | -0.57 | 13.56 | -7.50 | -6.66 | 0.58 | -0.29 | -0.41 | -0.65 | -0.05 | -5.84 | -2.53 | -0.01 | 0.49 | 0.21 | 0.15 |
| Diluted Shares Outstanding | 46.9M | 44.95M | 43.34M | 43.26M | 51.53M | 42.9M | 41.87M | 41.8M | 41.72M | 49.26M | 40.36M | 40.32M | 40.22M | 39.96M | 39.41M | 39.31M | 39.19M | 44.37M | 39.75M | 39.3M |
| Basic Shares Outstanding | 45.09M | 44.95M | 43.34M | 43.26M | 43.22M | 42.9M | 41.87M | 41.8M | 41.72M | 41.19M | 40.36M | 40.32M | 40.14M | 39.96M | 39.4M | 39.24M | 39.19M | 38.84M | 38.02M | 37.83M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |