Cerence (CRNC) Cost of Revenue (2018 - 2026)
Cerence (CRNC) posted Cost of Revenue of $16.9 million for Q1 2026, up 7.44% on a QoQ basis from $15.7 million in Q4 2025, and down 5.23% year-over-year from $17.8 million in Q1 2025.
Cerence (CRNC) Cost of Revenue (2018 - 2026) Analysis & Trends
Cerence's Cost of Revenue history runs 9 years deep, the most recent figure standing at $16.9 million for Q1 2026.
- Quarterly Cost of Revenue fell 5.23% year-over-year to $16.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $65.6 million (down 13.29% YoY) and the FY2025 annual result came in at $68.6 million, down 21.31% from the prior year.
- Cost of Revenue was $16.9 million for Q1 2026 at Cerence, up from $15.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $26.3 million in Q4 2023 and bottomed at $15.7 million in Q4 2025.
- A 5-year average of $21.0 million and a median of $20.9 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue climbed 8.07% — and 2024, when it sank 32.32%.
- Cerence's Cost of Revenue stood at $26.2 million in 2022, then climbed by 0.58% to $26.3 million in 2023, then tumbled by 32.32% to $17.8 million in 2024, then dropped by 11.77% to $15.7 million in 2025, then gained by 7.44% to $16.9 million in 2026.
- Business Quant data shows CRNC's Cost of Revenue at $16.9 million in Q1 2026, $15.7 million in Q4 2025, and $16.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 1.62 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 2.57 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 7.26 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 1.17 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 3.07 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 464.50 Mn |
| 10 | Cerence | 377.90 Mn | 269.64 Mn | 47.30 Mn | 16.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.90 Mn |
| Mar 31, 2026 | 16.90 Mn |
| Dec 31, 2025 | 15.73 Mn |
| Dec 31, 2025 | 15.73 Mn |
| Sep 30, 2025 | 16.64 Mn |
| Sep 30, 2025 | 16.64 Mn |
| Jun 30, 2025 | 16.35 Mn |
| Jun 30, 2025 | 16.35 Mn |
| Mar 31, 2025 | 17.83 Mn |
| Mar 31, 2025 | 17.83 Mn |
| Dec 31, 2024 | 17.82 Mn |
| Dec 31, 2024 | 17.82 Mn |
| Sep 30, 2024 | 19.91 Mn |
| Sep 30, 2024 | 19.91 Mn |
| Jun 30, 2024 | 20.11 Mn |
| Jun 30, 2024 | 20.11 Mn |
| Mar 31, 2024 | 20.88 Mn |
| Mar 31, 2024 | 20.88 Mn |
| Dec 31, 2023 | 26.34 Mn |
| Dec 31, 2023 | 26.34 Mn |