Cerence Inc. Files Q2 2025 10-Q
Ticker: CRNC · Form: 10-Q · Filed: 2025-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, convertible-notes
TL;DR
Cerence's Q2 2025 10-Q is in. Check financials and convertible notes.
AI Summary
Cerence Inc. filed its 10-Q for the period ending March 31, 2025. The company reported on its financial performance, including details on its convertible senior notes. Specific financial figures and operational details are presented within the filing.
Why It Matters
This filing provides investors with an update on Cerence's financial health and operational status for the second quarter of fiscal year 2025.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal financial performance and potential risks.
Key Numbers
- 20250331 — End of Fiscal Quarter (The period covered by this 10-Q filing.)
- 20250507 — Filing Date (The date Cerence Inc. submitted this report to the SEC.)
Key Players & Entities
- Cerence Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- 20250507 (date) — Filing date
- 001-39030 (dollar_amount) — SEC File Number
- 25 MALL ROAD, SUITE 416 (location) — Business and mailing address
- BURLINGTON, MA (location) — City and State of business address
- OnePointFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyEight (financial_instrument) — Debt instrument
- ThreePointZeroZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyFive (financial_instrument) — Debt instrument
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended March 31, 2025.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 7, 2025.
What is Cerence Inc.'s business address?
Cerence Inc.'s business address is 25 Mall Road, Suite 416, Burlington, MA 01803.
What types of convertible senior notes are mentioned in the filing?
The filing mentions 'One Point Five Zero Percentage Convertible Senior Notes Due Two Thousand Twenty-Eight' and 'Three Point Zero Zero Percentage Convertible Senior Notes Due Two Thousand Twenty-Five'.
What is Cerence Inc.'s SEC File Number?
Cerence Inc.'s SEC File Number is 001-39030.
From the Filing
0000950170-25-065890.txt : 20250507 0000950170-25-065890.hdr.sgml : 20250507 20250507170709 ACCESSION NUMBER: 0000950170-25-065890 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 91 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cerence Inc. CENTRAL INDEX KEY: 0001768267 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 834719946 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39030 FILM NUMBER: 25922645 BUSINESS ADDRESS: STREET 1: 25 MALL ROAD, SUITE 416 CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 617-580-0843 MAIL ADDRESS: STREET 1: 25 MALL ROAD, SUITE 416 CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: Cerence LLC DATE OF NAME CHANGE: 20190513 FORMER COMPANY: FORMER CONFORMED NAME: Diamond SpinCo, LLC DATE OF NAME CHANGE: 20190215 10-Q 1 crnc-20250331.htm 10-Q 10-Q false --09-30 Q2 0001768267 P1Y P5Y http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 0001768267 crnc:OnePointFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyEightAndThreePointZeroZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyFiveMember 2025-01-01 2025-03-31 0001768267 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-10-01 2025-03-31 0001768267 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001768267 us-gaap:SellingAndMarketingExpenseMember 2025-01-01 2025-03-31 0001768267 us-gaap:NondesignatedMember us-gaap:ForeignExchangeForwardMember us-gaap:OtherLiabilitiesMember 2024-09-30 0001768267 2025-03-31 0001768267 crnc:OnePointFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyFiveMember 2024-10-01 2025-03-31 0001768267 crnc:OnePointFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyEightMember srt:MaximumMember 2023-06-26 2023-06-26 0001768267 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001768267 crnc:OtherAmericasMember 2024-01-01 2024-03-31 0001768267 crnc:OtherAmericasMember 2024-10-01 2025-03-31 0001768267 country:JP 2025-01-01 2025-03-31 0001768267 us-gaap:RetainedEarningsMember 2024-10-01 2025-03-31 0001768267 country:KR 2024-10-01 2025-03-31 0001768267 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001768267 crnc:CostOfConnectedServicesMember 2024-10-01 2025-03-31 0001768267 crnc:CreditAgreementMember crnc:SeniorSecuredFirstLienRevolvingCreditFacilityMember 2020-06-12 0001768267 us-gaap:GeneralAndAdministrativeExpenseMember 2023-10-01 2024-03-31 0001768267 us-gaap:CommonStockMember 2024-03-31 0001768267 crnc:PatentNumberFourMember 2024-07-10 2024-07-10 0001768267 us-gaap:EmployeeSeveranceMember 2023-10-01 2024-03-31 0001768267 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2024-09-30 0001768267 crnc:ProfessionalServicesMember 2024-01-01 2024-03-31 0001768267 crnc:ProfessionalServicesMember 2025-01-01 2025-03-31 0001768267 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001768267 country:JP 2024-01-01 2024-03-31 0001768267 crnc:PerformanceBasedRestrictedStockUnitsMember 2025-03-31 0001768267 us-gaap:ResearchAndDevelopmentExpenseMember 2025-01-01 2025-03-31 0001768267 crnc:OnePointFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyEightAndThreePointZeroZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyFiveMember 2023-10-01 2024-03-31 0001768267 us-gaap:ResearchAndDevelopmentExpenseMember 2024-10-01 2025-03-31 0001768267 crnc:TransformationInitiativesMember 2025-01-01 2025-03-31 0001768267 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001768267 us-gaap:OtherRestructuringMember 2025-01-01 2025-03-31 0001768267 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001768267