| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 84,017 | |||
| Marketable securities | 3,433 | |||
| Accounts receivable, net of allowances of 68 and 1,614 at september30, 2025 and september30, 2024, respectively | 58,937 | |||
| Deferred costs | 4,481 | |||
| Prepaid expenses and other current assets | 39,889 | |||
| Total current assets | 190,757 | |||
| Long-term marketable securities | 0 | |||
| Property and equipment, net | 35,761 | |||
| Deferred costs | 15,501 | |||
| Operating lease right of use assets | 16,762 | |||
| Goodwill | 299,003 | |||
| Gross carrying amount-Customer Relationships | -110,236 | |||
| Accumulated amortization-Customer Relationships | -110,236 | |||
| Gross carrying amount-Technology Based Intangible Assets | -90,502 | |||
| Accumulated amortization-Technology Based Intangible Assets | -90,502 | |||
| Gross carrying amount | -200,738 | |||
| Accumulated amortization | -200,738 | |||
| Intangible assets, net | 0 | |||
| Deferred tax assets | 54,207 | |||
| Other assets | 18,600 | |||
| Total assets | 630,591 | |||
| Accounts payable | 901 | |||
| Deferred revenue | 51,865 | |||
| Short-term operating lease liabilities | 4,344 | |||
| Short-term debt | 0 | |||
| Accrued expenses and other current liabilities | 44,080 | |||
| Total current liabilities | 101,190 | |||
| Long-term debt, net of discounts and issuance costs | 199,693 | |||
| Deferred revenue, net of current portion | 140,021 | |||
| Long-term operating lease liabilities | 13,083 | |||
| Other liabilities | 25,928 | |||
| Total liabilities | 479,915 | |||
| Common stock, 0.01 par value, 560,000 shares authorized as of september30, 2025 43,374 and 41,924 shares issued and outstanding as of september30, 2025 and september30, 2024, respectively | 434 | |||
| Accumulated other comprehensive loss | -25,469 | |||
| Additional paid-in capital | 1,116,165 | |||
| Accumulated deficit | -940,454 | |||
| Total stockholders' equity | 150,676 | |||
| Total liabilities and stockholders' equity | 630,591 | |||
Cerence Inc. (CRNC)
Cerence Inc. (CRNC)