Cerence Inc.
CRNC · Services-Prepackaged Software · 45.2M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$36M (gross $5M, SBC $41M)
Reference price $11.46 · est. market cap ~$518M — last insider sale, 2025-10-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Automotive voice-AI software company — declining revenue but near breakeven with positive free cash flow.
Strengths
- Positive free cash flow — FCF $47M, FCF margin 19%
- High gross margin — 73%
Risks
- Declining revenue — -24%
- Near-breakeven/net loss — operating margin -1%, net margin -7%
- Leverage and auto-OEM dependence — D/E 1.3 (82nd)
Notable findings
- Net lossNet loss (net margin -7.4%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Revenue declineRevenue -44.2% YoY
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
72.7%
Operating margin
-0.9%
Net margin
-7.4%
Return on equity
-12.4%
Return on assets
-3.0%
ROIC
-0.5%
Revenue growth (QoQ)
-44.2%
Debt / equity
1.3×
Current ratio
1.9×
Free cash flow
$47M
EBITDA
$8M
Tangible book value
-$148M
Stock comp / revenue
10.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-12 | Matus Kristi Ann | Grant | 13K | $0.01 |
| 2026-02-12 | DAVIS DOUGLAS LEE | Grant | 13K | $0.01 |
| 2026-02-12 | Klevorn Marcy S | Grant | 13K | $0.01 |
| 2026-02-12 | Budnik Marianne | Grant | 13K | $0.01 |
| 2026-02-12 | Harris Marion | Grant | 13K | $0.01 |
| 2026-01-09 | Salinas Jennifer | Grant | 132K | $12.35 |
| 2026-01-09 | Krzanich Brian M | Grant | 263K | $12.35 |
| 2026-01-09 | Mentz Christian | Grant | 132K | $12.35 |
| 2026-01-09 | Schanz Nils | Grant | 88K | $12.35 |
| 2026-01-09 | Rodriquez Antonio | Grant | 132K | $12.35 |
| 2025-11-21 | Krzanich Brian M | Grant | 553K | $10.35 |
| 2025-11-21 | Salinas Jennifer | Grant | 242K | $10.35 |
| 2025-11-21 | Rodriquez Antonio | Grant | 167K | $10.35 |
| 2025-11-21 | Mentz Christian | Grant | 50K | $10.35 |
| 2025-11-21 | Schanz Nils | Grant | 50K | $10.35 |
| 2025-10-09 | Krzanich Brian M | Sell | 132K | $11.46 |
| 2025-10-07 | Salinas Jennifer | Sell | 78K | $12.31 |
| 2025-10-06 | Schanz Nils | Sell | 31K | $12.76 |
| 2025-10-06 | Salinas Jennifer | Sell | 65K | $12.76 |
| 2025-10-06 | Rodriquez Antonio | Sell | 38K | $12.76 |
| 2025-10-06 | Mentz Christian | Sell | 27K | $12.76 |
| 2025-10-01 | Schanz Nils | Grant | 90K | $0.01 |
| 2025-08-15 | Rodriquez Antonio | Grant | 1.8K | $10.06 |
| 2025-08-14 | Mentz Christian | Sell | 4.0K | $12.74 |
| 2025-04-01 | Harris Marion | Grant | 14K | $0.01 |
| 2025-02-13 | Mentz Christian | Sell | 3.6K | $14.73 |
| 2025-02-13 | SARIN ARUN | Grant | 10.0K | $0.01 |
| 2025-02-13 | Klevorn Marcy S | Grant | 10.0K | $0.01 |
| 2025-02-13 | DAVIS DOUGLAS LEE | Grant | 10.0K | $0.01 |
| 2025-02-13 | Budnik Marianne | Grant | 10.0K | $0.01 |
| 2025-02-13 | Nietzel Alfred A | Grant | 10.0K | $0.01 |
| 2025-02-13 | Matus Kristi Ann | Grant | 10.0K | $0.01 |
| 2025-02-03 | BEAUDOIN THOMAS L | Sell | 5.0K | $11.68 |
| 2025-01-13 | Mentz Christian | Grant | 94K | $13.76 |
| 2025-01-13 | Schanz Nils | Grant | 94K | $13.76 |
| 2025-01-02 | BEAUDOIN THOMAS L | Sell | 5.0K | $7.98 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032139 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-032114 ↗ |
| 8-K | 2026-02-18 | 2026-02-12 | 0001628280-26-009007 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001628280-26-005569 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001628280-26-005491 ↗ |
| 8-K | 2025-12-29 | 2025-12-23 | 0001628280-25-058847 ↗ |
| 10-K | 2025-11-20 | 2025-09-30 | 0001628280-25-053372 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0001628280-25-053169 ↗ |
| 8-K | 2025-11-03 | 2025-10-28 | 0001628280-25-047927 ↗ |
| 8-K | 2025-09-05 | 2025-09-02 | 0001768267-25-000005 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001628280-25-038336 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001628280-25-038378 ↗ |