Cerence Inc. (CRNC) Form 10-Q — Aug 6, 2026
Cerence returned to profitability in its fiscal third quarter, posting revenue of $69.6 million, up 11.8% year over year, with net income of $1.5 million ($0.03 per diluted share) versus a $2.7 million loss a year earlier. Operating margin improved 4.2 percentage points to positive 2.7%. Nine-month revenue rose 30.2% to $248.9 million, but that includes a one-time $49.5 million IP license payment from Samsung recognized in the December quarter; operating cash flow grew 48.6% to $72.0 million, and cash ended the quarter at $127.6 million against $180 million principal of 1.50% convertible notes due July 2028.
Key figures
- Eps
- 0.03
- Revenue
- 69587000
- Net Income
- 1533000
- Total Debt
- 173458000
- Revenue Yoy
- +11.8%
- Cash Position
- 127607000
- Shares Outstanding
- 45230257
- Buyback term
- 12 months, expiring August 2027
- Notes coupon
- 1.50%
- Total assets
- 620936000
- Notes maturity
- 2028-07-01
- Nine month revenue
- 248855000
- Stockholders equity
- 166354000
- Notes repurchased 9m
- $30.0M principal for $28.0M cash ($1.1M extinguishment gain)
- Buyback authorization
- 30000000
- Deferred revenue total
- 198207000
- Q3 operating margin pct
- 2.7
- Samsung one time payment
- 49500000
- Samsung related legal fees
- 20700000
- Convertible notes principal
- 180000000
- Nine month revenue growth pct
- 30.2
- Q3 operating margin change pp
- 4.2
- Nine month operating cash flow
- 71961000
- Operating cash flow growth pct
- 48.6
- Remaining performance obligations
- 234281000
Price after filing
Close on the filing date to close N calendar days later (from $9.39). Historical, not a forecast.
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