Preheat your oven to 350°F, 177°C, or gas mark 4. Grease and line an 8-inch springform pan with parchment paper.
In mixing bowl, whisk together flour, cocoa powder, baking powder, baking soda, and salt.
1¼ cups all-purpose flour, ¾ cup cocoa powder, 1 tablespoon instant espresso powder, ½ tablespoon baking powder, ½ teaspoon baking soda, ½ teaspoon fine sea salt
In a large bowl, whisk the olive oil, both sugars, eggs, water, sour cream, vanilla, almond extract, and espresso powder.
1 cup extra virgin olive oil, 1 cup dark brown sugar, ¾ cup granulated sugar, ¾ cup water, 3 eggs, ½ cup sour cream, 2 teaspoons vanilla extract, 1 teaspoon almond extract
Fold the dry ingredients into the wet just until combined. Gently fold in the cherries. Pour into your pan and bake for 42-48 minutes. You want a toothpick to come out with just a few moist crumbs - completely clean means it's overdone.
1¼ cups cherries
Cool in the pan for 15 minutes, then turn it out onto a wire rack.