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Cerence Inc. CRNC Connected services — Total revenues

Other product segments

Professional services
$11.31M-18.7%

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Other financials

Income statement

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Revenue$64.2M-17.7%
Gross profit$47.3M-21.4%
Operating income-$2.4M-114%
Net income$1.7M-92.3%
EPS (diluted)$0.04-91.3%

Balance sheet

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Cash & equivalents$108.3M-7.8%
Total debt$187.5M-32.2%
Total equity$158.5M+6.2%
Total assets$617.0M-7.3%

Cash flow

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Operating cash flow$14.1M-8.8%
CapEx$482.0K-79.4%
Free cash flow$13.6M+3.8%

Valuation

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Market cap$445.1M+19.4%
Enterprise value$524.39M-1.4%
P/S1.5×0.0×

Profitability

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Gross margin78.3%+8.0pp
Operating margin8%+4.1pp
Net margin-6.5%-3.2pp
FCF margin24.8%+10.0pp

Returns & leverage

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Return on equity-12.8%-6.0pp
Debt / equity1.2×-0.7×
Current ratio1.9×+0.4×

Where this comes from

Reported directly by Cerence Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Cerence Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cerence Inc.'s connected services — total revenues?
Cerence Inc. (CRNC) reported connected services — total revenues of $15.31M in Q1 2026.
How has Cerence Inc.'s connected services — total revenues changed year-over-year?
Cerence Inc.'s connected services — total revenues increased by 21.0% year-over-year, from $12.65M to $15.31M.
What is the long-term trend for Cerence Inc.'s connected services — total revenues?
Over 4 years (2021 to 2025), Cerence Inc.'s connected services — total revenues has grown at a -16.5% compound annual growth rate (CAGR), from $109.53M to $53.36M.
What does connected services — total revenues mean?
This metric represents the total gross revenue generated from cloud-connected software services provided to automotive OEMs and tier 1 suppliers. It reflects the company's ability to monetize recurring service contracts and digital mobility solutions within the connected vehicle ecosystem. Growth in this figure indicates successful adoption and scaling of the company's software-as-a-service offerings in the automotive market.