Cerence Inc.CRNCEarnings & Financial Report
Cerence Inc. is an American multinational software company that develops artificial intelligence (AI) assistant technology primarily for automobiles.
CRNC Q1 FY2026 Key Financial Metrics
Revenue
$115.1M
Gross Profit
$99.3M
Operating Profit
$29.3M
Net Profit
$-5.2M
Gross Margin
86.3%
Operating Margin
25.5%
Net Margin
-4.6%
YoY Growth
126.1%
EPS
$-0.12
Cerence Inc. Q1 FY2026 Financial Summary
Cerence Inc. reported revenue of $115.1M (up 126.1% YoY) for Q1 FY2026, with a net profit of $-5.2M (up 78.4% YoY) (-4.6% margin). Cost of goods sold was $15.7M, operating expenses totaled $70.0M.
Key Financial Metrics
| Total Revenue | $115.1M |
|---|---|
| Net Profit | $-5.2M |
| Gross Margin | 86.3% |
| Operating Margin | 25.5% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Cerence Inc. Q1 FY2026 revenue of $115.1M breaks down across 3 segments, led by License at $87.8M (76.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| License | $87.8M | 76.3% |
| Connected Services | $14.5M | 12.6% |
| Professional Services | $12.8M | 11.1% |
Cerence Inc. Revenue by Segment — Quarterly Trend
Cerence Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as License and Connected Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| License | $87.8M | $32.3M | $34.2M | $51.5M |
| Connected Services | $14.5M | — | $12.8M | $12.6M |
| Professional Services | $12.8M | $14.2M | $15.2M | $13.9M |
Cerence Inc. Annual Revenue by Year
Cerence Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $251.8M).
Cerence Inc. Quarterly Revenue & Net Profit History
Cerence Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $115.1M | +126.1% | $-5.2M | -4.6% |
| Q4 FY2025 | $60.6M | +10.6% | $-13.4M | -22.0% |
| Q3 FY2025 | $62.2M | -11.8% | $-2.7M | -4.4% |
| Q2 FY2025 | $78.0M | +15.0% | $21.7M | 27.8% |
| Q1 FY2025 | $50.9M | -63.2% | $-24.3M | -47.7% |
| Q4 FY2024 | $54.8M | -32.1% | $-20.4M | -37.3% |
| Q3 FY2024 | $70.5M | +14.4% | $-313.5M | -444.5% |
| Q2 FY2024 | $67.8M | -0.8% | $-278.0M | -409.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.8M | $70.5M | $54.8M | $50.9M | $78.0M | $62.2M | $60.6M | $115.1M |
| YoY Growth | -0.8% | 14.4% | -32.1% | -63.2% | 15.0% | -11.8% | 10.6% | 126.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $987.1M | $674.0M | $702.4M | $617.5M | $665.5M | $636.8M | $630.6M | $602.0M |
| Liabilities | $523.7M | $519.8M | $561.3M | $496.8M | $516.3M | $481.1M | $479.9M | $451.6M |
| Equity | $463.4M | $154.2M | $141.1M | $120.7M | $149.3M | $155.7M | $150.7M | $150.4M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.0M | $12.9M | $6.1M | $9.3M | $15.5M | $23.7M | $12.8M | $37.9M |