CRNC vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about Cerence Inc. (CRNC) and Applied Digital Corporation (APLD).

Performance

CRNC vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cerence Inc. (CRNC) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

CRNC vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CRNC Cerence Inc.	-40.97%	36.18%	-60.07%	6.10%	-75.82%	-23.73%	344.01%	47.43%
APLD Applied Digital Corporation	-3.18%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-42.86%

Fundamentals

Market Cap CRNC : $283.65M APLD : $6.33B
EPS CRNC : $0.01 APLD : -$0.51
PS Ratio CRNC : 0.88 APLD : 20.33
PB Ratio CRNC : 1.89 APLD : 4.37
Total Revenue (TTM) CRNC : $315.96M APLD : $281.74M
Gross Profit (TTM) CRNC : $248.30M APLD : $46.19M
EBITDA (TTM) CRNC : $54.04M APLD : -$49.02M

Returns By Period

In the year-to-date period, CRNC achieves a -40.97% return, which is significantly lower than APLD's -3.18% return.

CRNC

• 1D: 5.87%
• 1M: -20.23%
• YTD: -40.97%
• 6M: -49.36%
• 1Y: -20.13%
• 3Y*: -39.21%
• 5Y*: -41.66%
• 10Y*: —

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CRNC vs. APLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRNC

CRNC Risk / Return Rank: 33
CRNC Sharpe Ratio Rank: 31
CRNC Sortino Ratio Rank: 38
CRNC Omega Ratio Rank: 37
CRNC Calmar Ratio Rank: 30
CRNC Martin Ratio Rank: 27

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRNC vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cerence Inc. (CRNC) and Applied Digital Corporation (APLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CRNC	APLD	Difference
Sharpe ratio Return per unit of total volatility	-0.22	2.57	-2.79
Sortino ratio Return per unit of downside risk	0.33	3.14	-2.82
Omega ratio Gain probability vs. loss probability	1.04	1.39	-0.35
Calmar ratio Return relative to maximum drawdown	-0.36	6.26	-6.62
Martin ratio Return relative to average drawdown	-0.85	14.46	-15.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRNC vs. APLD - Sharpe Ratio Comparison

The current CRNC Sharpe Ratio is -0.22, which is lower than the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of CRNC and APLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRNC	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	2.57	-2.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	0.41	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.04	-0.16

Correlation

The correlation between CRNC and APLD is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRNC vs. APLD - Dividend Comparison

Neither CRNC nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CRNC vs. APLD - Drawdown Comparison

The maximum CRNC drawdown since its inception was -98.22%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for CRNC and APLD.

Drawdown Indicators

	CRNC	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-98.22%	-99.70%	+1.48%
Max Drawdown (1Y) Largest decline over 1 year	-55.92%	-50.31%	-5.61%
Max Drawdown (5Y) Largest decline over 5 years	-98.09%	-97.10%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-97.10%	—
Current Drawdown Current decline from peak	-95.27%	-42.59%	-52.68%
Average Drawdown Average peak-to-trough decline	-62.15%	-84.03%	+21.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.62%	21.79%	+1.83%

Volatility

CRNC vs. APLD - Volatility Comparison

The current volatility for Cerence Inc. (CRNC) is 13.43%, while Applied Digital Corporation (APLD) has a volatility of 32.29%. This indicates that CRNC experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRNC	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.43%	32.29%	-18.86%
Volatility (6M) Calculated over the trailing 6-month period	61.93%	77.82%	-15.89%
Volatility (1Y) Calculated over the trailing 1-year period	91.84%	126.27%	-34.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.94%	187.90%	-74.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.07%	295.81%	-188.74%

Financials

CRNC vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between Cerence Inc. and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cerence Inc. reported a gross profit of 99.35M and revenue of 115.08M. Therefore, the gross margin over that period was 86.3%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a gross profit of 26.04M and revenue of 126.59M. Therefore, the gross margin over that period was 20.6%.

CRNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cerence Inc. reported an operating income of 29.31M and revenue of 115.08M, resulting in an operating margin of 25.5%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported an operating income of -30.96M and revenue of 126.59M, resulting in an operating margin of -24.5%.

CRNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cerence Inc. reported a net income of -5.24M and revenue of 115.08M, resulting in a net margin of -4.6%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a net income of -17.51M and revenue of 126.59M, resulting in a net margin of -13.8%.