FY2018 – FY2025 · CRNC · CIK 1768267 · FY ends Sept 30
Cerence Financials
Revenue, license vs. connected services split, five-year backlog, named OEM customers, R&D spending, and the xUI / CaLLM LLM-platform rollout — every chart point sourced to a 10-K or 10-Q filing. EDGAR XBRL pulled live; the Q1 FY26 $49.5M Samsung patent license payment is annotated.
License / Connected / Pro mix (FY2025)
56% / 21% / 23%
From the FY2025 10-K MD&A revenue table.
Five-year backlog (FY2025)
$1,169.2M
RPO $165M + Variable $1,004M.
First xUI car to road
Geely Auto Galaxy M9
Starts April 2026; announced at CES 2026.
Stock price (CRNC)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget. The bars on this chart are end-of-day; intraday prices live in TradingView's iframe and are not pulled into this site's data.
Most recent Cerence SEC filings
The freshness frontier — the latest filing of each material form type, fetched live from EDGAR. The 10-K marked “Anchors this page” is the source of every annual value; the others are surfaced for transparency.
6 material filings have been filed since the anchor 10-K above (1 10-Q, 3 8-K, 1 DEF 14A, 1 ARS). The annual financial metrics on this page (revenue, segments, R&D) are still anchored to the 10-K because the 10-Q is interim quarterly data and 8-Ks are individual material events; the Q1 FY26 column on the revenue chart is an explicit cut from the 10-Q.
Annual revenue
As reported on the consolidated statement of operations in each year's 10-K, plus the most recent 10-Q's quarterly cut for context. Cerence's fiscal year ends September 30. Bars FY2018 – FY2025 are pulled live from SEC EDGAR XBRL (RevenueFromContractWithCustomerExcludingAssessedTax); the Q1 FY26 column is hand-curated from the 10-Q.
Show table
| Fiscal period | Revenue | Source |
|---|---|---|
| FY2018 | $277.0M | 10-K filed 2020-11-19 |
| FY2019 | $303.3M | 10-K filed 2021-11-23 |
| FY2020 | $331.0M | 10-K filed 2022-11-29 |
| FY2021 | $387.2M | 10-K filed 2023-11-29 |
| FY2022 | $327.9M | 10-K filed 2024-11-25 |
| FY2023 | $294.5M | 10-K filed 2025-11-20 |
| FY2024 | $331.5M | 10-K filed 2025-11-20 |
| FY2025 | $251.8M | 10-K filed 2025-11-20 |
| Q1 FY26 | $115.1M | 10-Q filed 2026-02-05 |
| ↳ excl. Samsung one-time | $65.6M | organic |
License, connected services, and professional services revenue
Cerence's revenue split — royalty-based software / IP licensing (recurring per-vehicle royalties on shipped cars), connected services (subscription fees for cloud-connected components), and professional services (engineering work alongside OEMs and Tier 1 suppliers during design and deployment). Hand-curated from each year's 10-K MD&A revenue-by-product-type table; the EDGAR companyfacts JSON does not expose the disaggregated breakdown. Each row's source link points to the underlying 10-K filing.
Show table
| FY | License | Connected | Professional | Source |
|---|---|---|---|---|
| FY2020 | $164.3M | $97.5M | $69.2M | 10-K filed 2022-11-29 |
| FY2021 | $202.2M | $109.5M | $75.5M | 10-K filed 2022-11-29 |
| FY2022 | $158.6M | $85.6M | $83.7M | 10-K filed 2022-11-29 |
| FY2023 | $145.2M | $75.1M | $74.2M | 10-K filed 2025-11-20 |
| FY2024 | $124.7M | $133.4M | $73.3M | 10-K filed 2025-11-20 |
| FY2025 | $140.6M | $53.4M | $57.8M | 10-K filed 2025-11-20 |
xUI / LLM platform rollout
Cerence xUI is the company's hybrid, agentic LLM-based in-car assistant platform — the bet that's expected to carry Cerence through the industry's transition from traditional command-and-control voice interfaces to LLM-powered conversational AI. Built on the CaLLM family of automotive LLMs, deployed on NVIDIA AI Enterprise running on Microsoft Azure. Hand-curated from Cerence's investor-relations press releases.
First xUI car to road
Geely Auto Galaxy M9 — April 2026
Announced 2026-01-05 at CES 2026 — read the announcement.
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2024-03-18 platform
CaLLM family of automotive LLMs introduced at NVIDIA GTC 2024
Source: Cerence press release (March 2024)
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2025-01-07 platform
Cerence xUI announced at CES 2025 — agentic, hybrid LLM platform combining cloud + embedded models
Source: Cerence CES 2025 press release
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2026-01-05 milestone
Multiple premium global automakers selected xUI for 2026 launch (NVIDIA AI Enterprise + Microsoft Azure stack)
Source: Cerence press release, January 5, 2026
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2026-01-05 first to road
Geely Auto selected xUI for the Galaxy M9 — first xUI car to road, starting April 2026
Source: Cerence / Geely press release, January 5, 2026
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2026-01-22 partnership
Neusoft MOU — combining Neusoft NAGIC cockpit platform with Cerence conversational + generative AI
Source: Cerence press release, January 22, 2026
Five-year backlog
Cerence discloses two complementary backlog measures at each fiscal year-end. Remaining performance obligations (RPO) covers fixed contracts — revenue Cerence is contractually entitled to over the next five years regardless of vehicle production volumes. Variable backlog is an internal estimate of future variable royalty revenue from embedded, connected, and professional services contracts — sensitive to OEM production decisions and not contractually guaranteed. Total backlog = RPO + Variable.
| FY end | RPO (fixed) | Variable | Total 5-yr | Source |
|---|---|---|---|---|
| FY2024 | $222.7M | $780.0M | $1,002.7M | 10-K filed 2024-11-25 |
| FY2025 | $165.2M | $1,004.0M | $1,169.2M | 10-K filed 2025-11-20 |
Revenue by geography
Country / region of contracting per the 10-K's segment-and-geographic-information note. Note that this is country-of-revenue, not country-of-end-use — an automotive contract billed to a US-incorporated OEM ultimately ships in vehicles produced and sold worldwide. The dramatic FY2024 → FY2025 drop in US revenue reflects a single large connected-services contract acquired by Nuance in 2013 that was terminated in FY2024 (referenced in the FY2025 10-K MD&A).
| Region | FY2025 | % of FY25 | FY2024 | FY2023 |
|---|---|---|---|---|
| United States | $38.7M | 15.4% | $139.4M | $87.1M |
| Other Americas | $1.3M | 0.5% | $623K | $244K |
| Germany | $79.2M | 31.5% | $94.0M | $87.2M |
| Other EMEA | $27.1M | 10.8% | $18.0M | $15.6M |
| Japan | $37.4M | 14.9% | $42.5M | $40.1M |
| Other Asia-Pacific | $68.0M | 27.0% | $36.9M | $64.2M |
Source: 10-K filed 2025-11-20.
R&D spending
Annual research-and-development expense as reported on the consolidated income statement — the deepest single line item on Cerence's P&L given the engineering-heavy nature of the business and the ongoing xUI / CaLLM model investment. Bar height is absolute dollars; the percentage is R&D as a share of revenue that fiscal year. Live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
Show table
| FY | R&D | Revenue | % of revenue |
|---|---|---|---|
| FY2018 | $81.0M | $277.0M | 29.2% |
| FY2019 | $93.1M | $303.3M | 30.7% |
| FY2020 | $88.9M | $331.0M | 26.9% |
| FY2021 | $112.1M | $387.2M | 28.9% |
| FY2022 | $107.1M | $327.9M | 32.7% |
| FY2023 | $123.3M | $294.5M | 41.9% |
| FY2024 | $121.6M | $331.5M | 36.7% |
| FY2025 | $97.8M | $251.8M | 38.8% |
Other metrics
Operating income, net income, stock-based compensation, and operating cash flow — the standard 10-K-derived secondary metrics. All values pulled live from SEC EDGAR XBRL. Cerence has run an operating loss in most fiscal years since the spinoff; the FY2025 figure is depressed by a $30M legal-settlement accrual and ongoing transition costs.
| Metric | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income (Loss) | $36.9M | $10.9M | $22.4M | $60.6M | -$184.3M | -$27.2M | -$579.9M | -$2.3M |
| Net Income (Loss) | $5.9M | $100.3M | -$18.3M | $45.9M | -$310.8M | -$56.3M | -$588.1M | -$18.7M |
| Stock-Based Compensation | $22.0M | $29.7M | $47.3M | $60.6M | $28.1M | $40.8M | $23.7M | $27.4M |
| Operating Cash Flow | $115.3M | $88.1M | $44.8M | $74.4M | -$2.1M | $7.5M | $17.2M | $61.2M |
Customer concentration & named OEMs
From Note 2 ('Concentration of Risk') and Item 1 ('Customers') of the most recent 10-K. Cerence's automotive OEM customer base is broad — over 80 OEMs and Tier 1 suppliers in aggregate — but a small number of large contracts can swing year-over-year revenue meaningfully, as the FY2024 → FY2025 trajectory shows.
For fiscal year 2025, two customers individually accounted for more than 10% of total net revenues: $32.1 million (12.7% of revenue) and $25.8 million (10.3%). In fiscal year 2024, one customer accounted for $84.2 million, or 25.4% of total net revenues; in fiscal year 2023, one customer accounted for $42.1 million, or 14.3%. Cerence's automotive customer base includes nearly all major OEMs worldwide and over 80 OEMs and Tier 1 suppliers in aggregate.
Source: 10-K covering FY ending 2025-09-30, filed 2025-11-20. Paraphrased from Note 2 (Summary of Significant Accounting Policies, 'Concentration of Risk') of the FY2025 10-K filed 2025-11-20. The FY2024 single-customer 25.4% concentration figure reflects a contract that has since rolled off; the FY2025 disclosure shows two customers each above the 10% threshold, neither at the FY2024 level.
Named OEM customers (FY2025 10-K)
Listed in Item 1 of the 10-K under 'Customers'. Roster is a representative sample disclosed by Cerence; actual contract terms and per-OEM revenue contribution are not individually disclosed unless a single customer crosses the 10% concentration threshold.
Methodology & data sources
Live data. Annual revenue, R&D, operating income, net income, stock-based compensation, and operating cash flow are sourced live from Cerence's SEC EDGAR XBRL company-facts endpoint. If EDGAR is unreachable when the page is being prepared, the page is not updated, so visitors never see stale fallback numbers.
Hand-curated, source-tagged. The license / connected services / professional services split, five-year backlog, geographic revenue split, customer concentration, named OEM roster, and xUI rollout milestones are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K, 10-Q, or investor-relations press release, and tagged with the filing's accession number or release date. When a newer 10-K is filed than the one a value was last verified against, a "Verification due" banner appears next to the affected section.
Refresh cadence. Hand-curated segment, backlog, customer-concentration, OEM, and xUI-rollout values are re-verified quarterly, aligned with Cerence's 10-Q filing cadence (early February / May / August following the fiscal-year end on September 30, plus the November 10-K). The xUI rollout list specifically watches the Cerence investor-relations press release feed for new OEM-program announcements between filings.
Fiscal-year handling. Cerence's fiscal year ends September 30. A reference to "FY2025" on this page means the fiscal year ended 2025-09-30; "Q1 FY26" means the quarter ended 2025-12-31 (the first quarter of the fiscal year ending 2026-09-30). Every chart label uses this convention.
Why the Q1 FY26 column is special. On October 28, 2025, Cerence and Samsung resolved their multi-complaint patent infringement dispute via a cross-license agreement under which Samsung paid Cerence a one-time lump sum of $49.5M, recognized in license revenue in the quarter ended December 31, 2025. The Q1 FY26 bar on the revenue chart shows total revenue of $115.1M with the $49.5M Samsung portion split out so visitors can see the organic-vs-non-recurring contribution at a glance. The 10-Q is the authoritative source.
What's intentionally not here. Live market cap (different licensing for market-data fields beyond price; the page refreshes quarterly, so a real-time market-cap calc against fresh share counts would be misleading). Forward guidance, analyst estimates, and price targets (out of scope — the page is reported actuals). Editorial framing about whether the stock is over- or under-valued, or whether Cerence is an acquisition target. Auto-industry production forecasts (Cerence revenue tracks auto production but the page is about Cerence specifically). The stock-price chart at the top of the page is the only live-market data on the page; it is loaded directly into your browser from TradingView's CDN, not redistributed by this site.
Cross-references. Tech Filings for every Cerence SEC filing in chronological order. Cerence's row on the Orgs index for the company profile.
Last updated: 2026-04-30 18:20 UTC. Latest 10-K on EDGAR: 0001628280-25-053372 filed 2025-11-20. Hand-curated source-tag anchor: 0001628280-25-053372.