Cerence Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
CRNC$8.61-0.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets as of and
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
| June 30, 2025 | September 30, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $73,672 | $121,485 |
| Marketable securities | 5,454 | 5,502 |
| Accounts receivable, net of allowances of $57 and $1,613 | 62,220 | 62,755 |
| Deferred costs | 4,696 | 5,286 |
| Prepaid expenses and other current assets | 44,057 | 70,481 |
| Total current assets | 190,099 | 265,509 |
| Long-term marketable securities | — | 3,453 |
| Property and equipment, net | 34,860 | 30,139 |
| Deferred costs | 16,183 | 18,051 |
| Operating lease right of use assets | 17,377 | 12,879 |
| Goodwill | 299,064 | 296,858 |
| Intangible assets, net | — | 1,706 |
| Deferred tax assets | 59,098 | 51,398 |
| Other assets | 20,122 | 22,365 |
| Total assets | $636,803 | $702,358 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $5,544 | $3,959 |
| Deferred revenue | 53,249 | 52,822 |
| Short-term operating lease liabilities | 4,158 | 4,528 |
| Short-term debt | — | 87,094 |
| Accrued expenses and other current liabilities | 44,615 | 68,405 |
| Total current liabilities | 107,566 | 216,808 |
| Long-term debt | 198,823 | 194,812 |
| Deferred revenue, net of current portion | 132,742 | 114,354 |
| Long-term operating lease liabilities | 13,847 | 8,803 |
| Other liabilities | 28,152 | 26,484 |
| Total liabilities | 481,130 | 561,261 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' Equity: | ||
| Common stock, $0.01 par value, 560,000 shares authorized; 43,264 and 41,924 shares issued and outstanding, respectively | 433 | 419 |
| Accumulated other comprehensive loss | (26,034) | (25,912) |
| Additional paid-in capital | 1,108,367 | 1,088,330 |
| Accumulated deficit | (927,093) | (921,740) |
| Total stockholders' equity | 155,673 | 141,097 |
| Total liabilities and stockholders' equity | $636,803 | $702,358 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.