---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-015394"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:44:58.949400+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cerence Q1 FY2025 revenue $50.9M down 63% YoY; GAAP net loss $24.3M

## Summary
- GAAP revenue $50.9M vs $138.3M prior year; GAAP net loss of $24.3M ($0.57 diluted loss per share).
- Non-GAAP net loss $1.5M vs $54.3M income; adjusted EBITDA $1.4M vs $70.4M.
- Gross margin declined: GAAP 65.0% vs 81.0%; non-GAAP 65.9% vs 81.5%.
- Q1 FY24 included $86.6M non-cash Toyota 'Legacy' revenue; Q1 FY25 revenue reflects ongoing transition.
- GAAP operating margin swung from +42.3% to -33.3% year-over-year.

## SEC filing metadata
- accession: 0000950170-25-015394
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000095017025015394/0000950170-25-015394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017025015394/crnc-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-015394
- JSON: https://secwatch.observer/filing/0000950170-25-015394.json
- Plain text: https://secwatch.observer/filing/0000950170-25-015394.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.