Cerence vs i3 Verticals
Cerence reported revenue of $252 million in fiscal 2025, 1.2 times i3 Verticals' $213 million in fiscal 2025. Cerence's revenue fell 24.1% in its latest year, and i3 Verticals' grew 11.5%. Cerence had an operating margin of -0.9%, against 1.8% at i3 Verticals. Free cash flow was $47 million at Cerence and $4 million at i3 Verticals.
Side by side
| Cerence | i3 Verticals | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $252M | $213M |
| Revenue growth | −24.1% | 11.5% |
| Revenue growth a year, last 5 years | −5.3% | 7.3% |
| Gross margin | 72.7% | — |
| Operating margin | −0.9% | 1.8% |
| Net margin | −7.4% | 8.4% |
| Free cash flow | $47M | $4M |
| Free cash flow margin | 18.6% | 1.8% |
| Return on capital | — | 0.4% |
| Net debt to EBITDA | — | −2.1x |
| Dividends and buybacks | $2M | $38M |
| Change in diluted share count | 3.7% | 0.9% |
| Last close | $8.15 | $19.07 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $229,562 | bought $961,500, sold $704,639 |
| Piotroski F-score | 5 of 9 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cerencei3 Verticals
Operating margin
Percent of revenue
Cerencei3 Verticals
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cerencei3 Verticals
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cerence and i3 Verticals pages.