Cerence Inc. CRNC IP Licenses — Total revenues

The timing and amount of revenue recognized from IP or patent licensing relating to technology developed and commercialized in the ordinary course of our business depends upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations. These agreements could include, without limitation, performance obligations related to consideration for past patent royalties, patent licensing royalties on covered products sold by licensees, access to a portfolio of technology as it exists at a point in time, and access to a portfolio of technology at a point in time along with promises to provide any technology updates to the portfolio during the term on a when-and-if basis. Such licenses could be fixed and non-refundable in nature and/or variable over time. Certain components of revenue recognized with respect to IP license agreements may require the use of estimates, which may be significant. Related revenue is recognized at the point in time when the software and technology is made available to the customer and control is transferred and, if applicable, according to usage. Revenues relating to IP licensing accounted for $49.5 million, or 19.9% of total revenues, for the nine months ended June 30, 2026. As a component of License revenues, IP licensing revenues represented 29.7% of License revenues for the nine months ended June 30, 2026. There were no revenues relating to IP licensing during the three months ended June 30, 2026. Additionally, there were no revenues relating to IP licensing during the three and nine months ended June 30, 2025.