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Stocks·NASDAQ:CRNC

Cerence (CRNC)

OverviewFinancialsOwnersFilings
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Revenue, last 12 months$309M+26% vs. a year before
Free cash flow, last 12 months$78.6MBringing in cash
Shares outstanding, past year+4.4%45.2M shares now
Backlog (signed, not yet booked)$234MAs of Jun 30, 2026

My take

No average analyst target in this video.

Every video where I mention CRNC

The last 12 months

  1. Oct 22, 2026VideoMy video: SoundHound Gets a Buy. Profitable AI Stock Cerence Gets a Hold. (CRNC)
  2. Aug 26, 20268-KOther news
  3. Aug 6, 202610-QQuarterly report
  4. Aug 6, 20268-KReleased quarterly results; Other news
  5. Jul 2, 20268-KExecutive or board change
  6. May 15, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  7. May 7, 202610-QQuarterly report
  8. May 7, 20268-KReleased quarterly results
  9. Feb 18, 20268-KShareholder vote results
  10. Feb 5, 202610-QQuarterly report
  11. Feb 4, 20268-KReleased quarterly results
  12. Jan 8, 2026S-8Registered shares for employee stock plans
  13. Dec 29, 20258-KOther news
  14. Nov 20, 202510-KAnnual report

All filings →

Revenue by year
FY18: $277MFY18FY19: $303MFY19FY20: $331MFY20FY21: $387MFY21FY22: $328MFY22FY23: $294MFY23FY24: $332MFY24FY25: $252MFY25$252M
Show the numbers
Revenue by year
FY18$277M
FY19$303M
FY20$331M
FY21$387M
FY22$328M
FY23$294M
FY24$332M
FY25$252M
Revenue by quarter calendar quarter the period ended in
Q3 23: $80.8MQ4 23: $138MQ4 23Q1 24: $67.8MQ2 24: $70.5MQ2 24Q3 24: $54.8MQ4 24: $50.9MQ4 24Q1 25: $78MQ2 25: $62.2MQ2 25Q3 25: $60.6MQ4 25: $115MQ4 25Q1 26: $64.2MQ2 26: $69.6MQ2 26$69.6M
Show the numbers
Revenue by quarter
Q3 23$80.8M
Q4 23$138M
Q1 24$67.8M
Q2 24$70.5M
Q3 24$54.8M
Q4 24$50.9M
Q1 25$78M
Q2 25$62.2M
Q3 25$60.6M
Q4 25$115M
Q1 26$64.2M
Q2 26$69.6M
Operating income (loss) by year profit from the business before interest and taxes
FY18: $36.9MFY18FY19: $10.9MFY19FY20: $22.4MFY20FY21: $60.6MFY21FY22: -$184MFY22FY23: -$27.2MFY23FY24: -$580MFY24FY25: -$2.29MFY25-$2.29M
Show the numbers
Operating income (loss) by year
FY18$36.9M
FY19$10.9M
FY20$22.4M
FY21$60.6M
FY22-$184M
FY23-$27.2M
FY24-$580M
FY25-$2.29M
Free cash flow by year cash from operations minus spending on buildings and equipment
FY18: $109MFY18FY19: $83.6MFY19FY20: $25.8MFY20FY21: $62.3MFY21FY22: -$19.6MFY22FY23: $2.37MFY23FY24: $12.2MFY24FY25: $46.8MFY25$46.8M
Show the numbers
Free cash flow by year
FY18$109M
FY19$83.6M
FY20$25.8M
FY21$62.3M
FY22-$19.6M
FY23$2.37M
FY24$12.2M
FY25$46.8M
Cash vs. debt

Cash and short-term investmentsDebt

FY20 · Debt: $273MFY20FY21 · Debt: $271MFY21FY22 · Debt: $270MFY22FY23 · Debt: $276MFY23FY24 · Debt: $282MFY24FY25 · Debt: $200MFY25
Show the numbers
Cash and short-term investmentsDebt
FY20n/a$273M
FY21n/a$271M
FY22n/a$270M
FY23n/a$276M
FY24n/a$282M
FY25n/a$200M
How it makes money: Q3 2026 revenue by product or service; the thin line is a year earlier
  • License$41.6M 60% +22% vs. a year ago
  • Connected services$15.5M 22% +20% vs. a year ago
  • Professional services$12.5M 18% -18% vs. a year ago

From the 10-Q filed Aug 6, 2026. Source. Adjustments between segments (eliminations) are left off the chart.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

FY20 · Stock-based pay to employees: $47.3MFY20 · Spent buying back shares: $9.37MFY20FY21 · Stock-based pay to employees: $60.6MFY21 · Spent buying back shares: $45.8MFY21FY22 · Stock-based pay to employees: $28.1MFY22 · Spent buying back shares: $49MFY22FY23 · Stock-based pay to employees: $40.8MFY23 · Spent buying back shares: $4.89MFY23FY24 · Stock-based pay to employees: $23.7MFY24 · Spent buying back shares: $9.87MFY24FY25 · Stock-based pay to employees: $27.4MFY25 · Spent buying back shares: $2.38MFY25
Show the numbers
Stock-based pay to employeesSpent buying back shares
FY20$47.3M$9.37M
FY21$60.6M$45.8M
FY22$28.1M$49M
FY23$40.8M$4.89M
FY24$23.7M$9.87M
FY25$27.4M$2.38M

If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.

Backlog (remaining performance obligations) contracts signed but not yet booked as revenue
Q3 23: $284MQ4 23: $206KQ4 23Q1 24: $213MQ2 24: $209MQ2 24Q3 24: $206MQ4 24: $196MQ4 24Q1 25: $204MQ2 25: $225MQ2 25Q3 25: $224MQ4 25: $231MQ4 25Q1 26: $236MQ2 26: $234MQ2 26$234M
Show the numbers
Backlog (remaining performance obligations)
Q3 23$284M
Q4 23$206K
Q1 24$213M
Q2 24$209M
Q3 24$206M
Q4 24$196M
Q1 25$204M
Q2 25$225M
Q3 25$224M
Q4 25$231M
Q1 26$236M
Q2 26$234M

Compare CRNC with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Jun 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding
Nov 2022: 39.9MFeb 2023: 40.2MFeb 2023May 2023: 40.3MAug 2023: 40.3MAug 2023Nov 2023: 41.1MJan 2024: 41.7MJan 2024May 2024: 41.8MAug 2024: 41.8MAug 2024Nov 2024: 42.8MJan 2025: 43.2MJan 2025Apr 2025: 43.3MJul 2025: 43.3MJul 2025Nov 2025: 44.9MJan 2026: 45MJan 2026Apr 2026: 45.2MJul 2026: 45.2MJul 202645.2M
Show the numbers
Shares outstanding
Nov 202239.9M
Feb 202340.2M
May 202340.3M
Aug 202340.3M
Nov 202341.1M
Jan 202441.7M
May 202441.8M
Aug 202441.8M
Nov 202442.8M
Jan 202543.2M
Apr 202543.3M
Jul 202543.3M
Nov 202544.9M
Jan 202645M
Apr 202645.2M
Jul 202645.2M

The share count is up +4.4% in a year, so each share is a slightly smaller slice of the company. What dilution means.

Insider trades

Insider buys, 12 months1$14K
Insider sales, 12 months7$3.44M

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Oct 9, 2026Brian M Krzanich
Chief Executive Officer, Director		Sold on the market132K$1.09MForm 4
Oct 7, 2026Antonio Rodriquez
CFO		Sold on the market76.6K$613KForm 4
Oct 7, 2026Brian M Krzanich
Chief Executive Officer, Director		Sold on the market21.7K$174KForm 4
Oct 7, 2026Christian Mentz
EVP, Chief Revenue Officer		Sold on the market48.9K$391KForm 4
Oct 7, 2026Jennifer Salinas
EVP Chief Admin Officer		Sold on the market66.2K$529KForm 4
Oct 7, 2026Nils Schanz
EVP Product & Technology		Sold on the market52.4K$420KForm 4
Aug 10, 2026Jennifer Salinas
EVP Chief Admin Officer		Sold on the market26K$230KForm 4
Feb 15, 2026Antonio Rodriquez
CFO		Bought on the market2K$14KForm 4
Everything else: grants, option exercises, tax withholding (15)
DateWhoWhatSharesValueFiling
Feb 12, 2026Kristi Ann Matus
Director		Grant or award13K$130Form 4
Feb 12, 2026Marianne Budnik
Director		Grant or award13K$130Form 4
Feb 12, 2026Douglas Lee Davis
Director		Grant or award13K$130Form 4
Feb 12, 2026Marcy S Klevorn
Director		Grant or award13K$130Form 4
Feb 12, 2026Marion Harris
Director		Grant or award13K$130Form 4
Jan 9, 2026Brian M Krzanich
Chief Executive Officer, Director		Grant or award263K$3.25MForm 4
Jan 9, 2026Christian Mentz
EVP, Chief Revenue Officer		Grant or award132K$1.63MForm 4
Jan 9, 2026Nils Schanz
EVP Product & Technology		Grant or award87.8K$1.08MForm 4
Jan 9, 2026Jennifer Salinas
EVP Chief Admin Officer		Grant or award132K$1.63MForm 4
Jan 9, 2026Antonio Rodriquez
CFO		Grant or award132K$1.63MForm 4
Nov 21, 2025Brian M Krzanich
Chief Executive Officer, Director		Grant or award553K$5.72MForm 4
Nov 21, 2025Jennifer Salinas
EVP Chief Admin Officer		Grant or award242K$2.51MForm 4
Nov 21, 2025Antonio Rodriquez
CFO		Grant or award167K$1.73MForm 4
Nov 21, 2025Christian Mentz
EVP, Chief Revenue Officer		Grant or award49.9K$517KForm 4
Nov 21, 2025Nils Schanz
EVP Product & Technology		Grant or award49.9K$517KForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

None of the 18 famous investors I track owned CRNC at their last 13F. Who I track.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
May 11: 6.6KMay 11May 26: 1.6KJun 4: 722Jun 4Jun 12: 70.7KJun 22: 100Jun 22Jun 29: 895Jul 1: 95.9KJul 1Jul 6: 8.3KJul 8: 33.6KJul 8Jul 17: 500Jul 23: 125Jul 23Aug 3: 220Aug 4: 106Aug 4Aug 31: 56Sep 1: 6KSep 1Sep 9: 359Sep 17: 398Sep 17Sep 21: 634Oct 13: 1.9KOct 131.9K
Show the numbers
Failed trades (fails to deliver)
May 116.6K
May 261.6K
Jun 4722
Jun 1270.7K
Jun 22100
Jun 29895
Jul 195.9K
Jul 68.3K
Jul 833.6K
Jul 17500
Jul 23125
Aug 3220
Aug 4106
Aug 3156
Sep 16K
Sep 9359
Sep 17398
Sep 21634
Oct 131.9K

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

Comparing the risk factors in the 10-K filed Nov 20, 2025 with the one filed Nov 25, 2024: 1 new and 4 removed, out of 35.

New this year

  • The accounting method for convertible debt securities that may be settled in cash, such as the 2028 Notes, could have a material effect on our reported financial results.
Dropped from last year (4)
  • The transition in our Chief Executive Officer and other senior management positions will be critical to our success, and our business could be negatively impacted if we do not successfully manage these transitions.
  • The terms of the Senior Credit Facilities restrict our current and future operations, particularly our ability to incur debt that we may need to fund initiatives in response to changes in our business, the industry in which we operate, the economy and governmental regulations.
  • Servicing our debt may require a significant amount of cash. We may not have sufficient cash flow from our business to pay our indebtedness, and we may not have the ability to raise the funds necessary to settle for cash conversions of our outstanding notes (the "Notes") or to repurchase the Notes…
  • Our organizational documents designate the courts within the State of Delaware or the U.S. district courts as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders' ability to obtain a favorable…

Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.

Search inside Cerence's filings

Opens the SEC's own full-text search in a new tab, limited to CRNC. Every CRNC filing on EDGAR.