Cerence Inc. CRNC

What this company does

Cerence builds conversational and agentic AI solutions for voice interaction with technology. The majority of its business is in the automotive market, though its solutions are also used in other areas of transportation, such as two-wheeled vehicles and trucks, and outside of automotive in televisions, smart watches and voice-powered kiosks. It generates revenue primarily by selling software licenses and cloud-connected services, along with professional services revenue from work with OEMs and suppliers during the design, development and deployment phases of the vehicle model lifecycle. In fiscal year 2025, the company generated revenue of $251.8 million, a decrease of 24% compared with $331.5 million for the fiscal year ended September 30, 2024. As of September 30, 2025, it had approximately 1,300 full-time employees, including approximately 300 in professional services and approximately 700 in research and development. In fiscal year 2025, approximately 16%, 42% and 42% of its revenue came from the Americas, Europe and Asia, respectively. On October 1, 2019, Nuance Communications completed the legal and structural separation and distribution to its stockholders of all of the outstanding shares of the company common stock and its consolidated subsidiaries, in a tax free spin-off. Its principal executive offices are located at 25 Mall Road, Suite 416, Burlington, Massachusetts.

Written from the business description in Cerence Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 20 November 2025. Every sentence was checked against that document before publication.