Cerence Inc. 2026年季度报告

(Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period ended December 31, 2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller As of January30, 2026, the registrant had 45,018,082 shares of common stock, $0.01 par value per share, outstanding. Table of Contents PART I.FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Statements of Operations for the Three Months EndedDecember31, 2025 and 2024Condensed Consolidated Statements of Comprehensive Loss for the Three Months EndedDecember31, 2025and 2024Condensed Consolidated Balance Sheets as ofDecember31, 2025 andSeptember30, 2025 Consolidated Statements of Stockholders' Equity for the Three Months EndedDecember31, 2025 and 2024Condensed Consolidated Statements of Cash Flows for the Three Months EndedDecember31, 2025 and 2024 CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (“Form 10-Q”), filed by Cerence Inc. together with its consolidatedsubsidiaries, “Cerence,” the “Company,” “we,” “us” or “our” unless the context indicates otherwise, contains “forward-lookingstatements” that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly tohistorical or current facts, but rather are based on current beliefs, expectations, anticipations, intentions, estimates, assumptions, plansand projections about our company, business, operations, industry and market trends, financial results, financial condition, strategy andplans, goals or prospects. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “projects,”“forecasts,” “intends,” “plans,” “continues,” “believes,” “may,” “will,” “could,” “goals,” “objectives” and words and terms of similarsubstance in connection with discussions of our company, business, industry and market trends, strategy and plans, intellectualproperty enforcement efforts, and future operating or financial performance. As with any projection or forecast, forward-looking •the highly competitive and rapidly changing market in which we operate;•adverse conditions in the automotive industry or the global economy more generally, including consumerspending and preferences, changes in interest rate levels and credit availability, fuel costs and availability,governmental incentives and regulatory requirements, trade restrictions, customs regulations, tariffs andprice or exchange controls, and the ongoing conflicts in Ukraine and the Middle East;•volatility in the political, legal and regulatory environment in which we operate, including trade, tariffsand other policies implemented by the new administration in the United States or actions taken by othercountries in response and automotive production curtailment or delays related thereto or other changes inlaw and regulation applicable to us;•our inability to deliver improved financial results from our process optimization and cost-reduction effortsor to control and successfully manage our expenses and cash position;•our strategy to increase cloud services and ability to successfully introduce new products, applications orservices and deploy generative AI and large language models (“LLMs”) and price increases relatedthereto;•pricing pressures from our customers;•our failure to win, renew or implement service contracts or the cancellation or postponement of servicecontracts after a design win;•the loss of business from any of our largest customers;•automotive production delays, including, without limitation, delays due to the increasing complexity ofsoftware included in automotive vehicles;•fluctuations in our operating results from period to period, which may be contributed to by the followingfactors, among others: the volume, timing and fulfillment of customer contracts; changes in customerforecasts; the timing of receipt and accuracy of royalty reports; fluctuating sales by our customers to theirend-users; pricing; the mix of revenue from customer contracts; the effect of one-time revenue or expenseevents, especially as a result of licensing transactions, litigation settlements or judgments; and the level ofprofessional service projects;•the impact on our business from the transition to a lower level of fixed contracts, including, but not limitedto, the failure to achieve the expected predictability