Cerence (CRNC) Restructuring Costs (2018 - 2025)
Cerence's (CRNC) quarterly Restructuring Costs came in at $2.8 million in Q1 2025, down 37.77% YoY from $4.6 million in Q1 2024, and down 74.4% on a QoQ basis from $11.1 million in Q4 2024.
Cerence (CRNC) Restructuring Costs (2018 - 2025) Analysis & Trends
Cerence (CRNC) has 8 years of Restructuring Costs data on file, last reported at $2.8 million in Q1 2025.
- Quarterly Restructuring Costs fell 37.77% year-over-year to $2.8 million in Q1 2025, while the trailing twelve-month figure through Mar 2025 was $25.7 million (up 253.71% YoY) and the FY2024 annual result came in at $17.1 million, up 43.3% from the prior year.
- Restructuring Costs eased to $2.8 million in Q1 2025, from $11.1 million in the prior quarter.
- In the past five years, Restructuring Costs ranged from a high of $11.1 million in Q4 2024 to a low of $474000.0 in Q1 2022.
- A 5-year average of $3.3 million and a median of $2.3 million in 2021 frame the typical range for Restructuring Costs.
- Annual changes were most pronounced in 2023 — Restructuring Costs sank 83.17% — and 2024, when it jumped 1469.08%.
- Tracing CRNC's Restructuring Costs over 5 years: stood at $4.9 million in 2021, then declined by 14.77% to $4.2 million in 2022, then slumped by 83.17% to $705000.0 in 2023, then jumped by 1469.08% to $11.1 million in 2024, then sank by 74.4% to $2.8 million in 2025.
- The last three Restructuring Costs figures came in at $2.8 million (Q1 2025), $11.1 million (Q4 2024), and $10.3 million (Q3 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Cerence | 406.24 Mn | 278.63 Mn | 52.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | 2.83 Mn |
| Dec 31, 2024 | 11.06 Mn |
| Sep 30, 2024 | 10.33 Mn |
| Jun 30, 2024 | 1.49 Mn |
| Mar 31, 2024 | 4.55 Mn |
| Dec 31, 2023 | 705,000.00 |
| Sep 30, 2023 | 842,000.00 |
| Jun 30, 2023 | 1.17 Mn |
| Mar 31, 2023 | 5.71 Mn |
| Dec 31, 2022 | 4.19 Mn |
| Sep 30, 2022 | 2.38 Mn |
| Jun 30, 2022 | 1.20 Mn |
| Mar 31, 2022 | 474,000.00 |
| Dec 31, 2021 | 4.92 Mn |
| Sep 30, 2021 | 2.32 Mn |
| Jun 30, 2021 | 1.76 Mn |
| Mar 31, 2021 | 537,000.00 |
| Dec 31, 2020 | 480,000.00 |
| Sep 30, 2020 | 2.73 Mn |
| Jun 30, 2020 | 3.30 Mn |