As of Q1'26, Cerence Holdings (CRNC) reported cash and short-term investments at $94.7M USD, marking a modest increase from $87.5M USD in Q4'25 but remaining below the peak of $127.0M USD observed in Q4'24. Meanwhile, total debt stood at $188.4M USD, reflecting a continued downward trajectory from $217.1M USD in the prior quarter and a significant reduction from $295.2M USD in Q4'24. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited volatility with an overall upward trend, rising from $107.0M USD to a high of $127.0M USD before dipping to a low of $79.1M USD in Q3'25 and recovering to $94.7M USD, indicating improved liquidity in recent quarters. In contrast, debt levels showed relative stability around $290M-$295M USD through Q4'24, followed by a sharp 36% decline to $188.4M USD by Q1'26, driven by notable reductions starting in Q1'25, which enhances the company's net cash position from a deficit of approximately $187M USD in Q2'23 to about $94M USD currently. This debt deleveraging, alongside fluctuating cash reserves, suggests strengthening financial health amid operational adjustments.