NASDAQ : CERS
Cerus Corporation — Financial statements
Healthcare · Medical Devices · United States
Last price 2.28 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 459.48M
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Financial statements
Cerus Corporation (CERS) reported revenue of 221.55M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 221.55M | 206.13M | 180.27M | 156.37M | 162.05M | 130.86M |
| Cost of Revenue | 106.24M | 93.84M | 80.75M | 69.97M | 74.95M | 63.48M |
| Gross Profit | 115.31M | 112.29M | 99.52M | 86.40M | 87.09M | 67.38M |
| Selling, General & Admin | 82.26M | 80.91M | 75.89M | 75.52M | 83.33M | 81.29M |
| Research & Development | 61.13M | 67.72M | 58.91M | 67.64M | 64.11M | 63.30M |
| Other Operating Expenses | -26.46M | -27.66M | -21.05M | -30.43M | -26.27M | -28.66M |
| Operating Expenses | 116.93M | 120.97M | 113.75M | 112.72M | 121.17M | 115.93M |
| Operating Income | -1.62M | -8.68M | -14.22M | -26.32M | -34.08M | -48.55M |
| Interest Expense | -7.67M | -8.34M | -8.88M | -8.39M | -5.83M | -4.92M |
| Currency Exchange Gain (Loss) | 24.00K | -1.27M | 370.00K | -648.00K | -690.00K | -572.00K |
| Other Non Operating Income (Expenses) | 2.81M | 3.01M | 1.98M | 1.82M | 556.00K | 374.00K |
| EBT Excluding Unusual Items | -6.45M | -15.29M | -20.75M | -33.54M | -40.05M | -53.67M |
| Merger & Restructuring Charges | -3.73M | |||||
| Gain (Loss) on Sale of Investments | 5.00K | 6.00K | -7.00K | -54.00K | -2.29M | |
| Asset Writedown | -387.00K | |||||
| Pretax Income | -6.44M | -15.28M | -20.76M | -37.32M | -42.34M | -54.06M |
| Income Tax Expense | 390.00K | 354.00K | 205.00K | 325.00K | 488.00K | 319.00K |
| Earnings From Continuing Operations | -6.83M | -15.64M | -20.96M | -37.65M | -42.83M | -54.38M |
| Minority Interest in Earnings | 51.00K | 10.00K | 43.00K | 158.00K | 46.00K | 2.00K |
| Net Income | -6.78M | -15.63M | -20.92M | -37.49M | -42.78M | -54.37M |
| Net Income to Common | -6.78M | -15.63M | -20.92M | -37.49M | -42.78M | -54.37M |
| Shares Outstanding (Basic) | 194.68M | 190.59M | 184.56M | 180.27M | 176.54M | 171.28M |
| Shares Outstanding (Diluted) | 194.68M | 190.59M | 184.56M | 180.27M | 176.54M | 171.28M |
| EPS (Basic) | -0.03 | -0.08 | -0.11 | -0.21 | -0.24 | -0.32 |
| EPS (Diluted) | -0.03 | -0.08 | -0.11 | -0.21 | -0.24 | -0.32 |
| Free Cash Flow | -1.83M | 1.11M | 8.52M | -47.77M | -27.61M | -34.83M |
| Free Cash Flow Per Share | -0.01 | 0.01 | 0.05 | -0.27 | -0.16 | -0.20 |
| Gross Margin | 52.05% | 54.47% | 55.21% | 55.25% | 53.75% | 51.49% |
| Operating Margin | -0.73% | -4.21% | -7.89% | -16.84% | -21.03% | -37.10% |
| Profit Margin | -3.06% | -7.58% | -11.60% | -23.97% | -26.40% | -41.55% |
| Free Cash Flow Margin | -0.83% | 0.54% | 4.73% | -30.55% | -17.04% | -26.62% |
| EBITDA | 66.00K | -7.25M | -12.37M | -23.73M | -31.10M | -45.40M |
| EBITDA Margin | 0.03% | -3.52% | -6.86% | -15.17% | -19.19% | -34.69% |
| D&A For EBITDA | 1.68M | 1.43M | 1.85M | 2.60M | 2.98M | 3.15M |
| EBIT | -1.62M | -8.68M | -14.22M | -26.32M | -34.08M | -48.55M |
| EBIT Margin | -0.73% | -4.21% | -7.89% | -16.84% | -21.03% | -37.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.98M | 19.96M | 20.27M | 11.65M | 35.59M | 48.76M |
| Short-Term Investments | 38.28M | 62.92M | 60.19M | 54.20M | 66.57M | 80.60M |
| Cash & Short-Term Investments | 56.26M | 82.88M | 80.45M | 65.85M | 102.15M | 129.36M |
| Accounts Receivable | 30.98M | 30.77M | 29.78M | 35.50M | 34.53M | 25.13M |
| Receivables | 30.98M | 30.77M | 29.78M | 35.50M | 34.53M | 25.13M |
| Inventory | 65.81M | 56.10M | 38.15M | 39.87M | 29.00M | 26.79M |
| Prepaid Expenses | 4.26M | 4.63M | 3.64M | 3.22M | 4.46M | 5.82M |
| Total Current Assets | 157.31M | 174.38M | 152.02M | 144.44M | 170.14M | 187.10M |
| Property, Plant & Equipment | 18.33M | 19.33M | 15.54M | 19.35M | 23.48M | 25.18M |
| Long-Term Investments | 570.00K | |||||
| Goodwill | 1.32M | 1.32M | 1.32M | 1.32M | 1.32M | 1.32M |
| Other Long-Term Assets | 28.23M | 26.83M | 32.04M | 32.64M | 23.15M | 23.33M |
| Total Assets | 205.19M | 221.86M | 200.92M | 197.75M | 218.09M | 237.50M |
| Accounts Payable | 33.52M | 28.01M | 21.70M | 23.84M | 33.00M | 35.61M |
| Accrued Expenses | 17.37M | 25.27M | 18.94M | 19.23M | 25.20M | 25.67M |
| Current Portion of Long-Term Debt | 30.09M | 43.34M | 19.30M | 20.00M | 56.16M | 14.70M |
| Current Portion of Leases | 3.25M | 2.90M | 2.27M | 2.45M | 2.10M | 1.91M |
| Current Unearned Revenue | 1.57M | 1.27M | 1.40M | 2.00M | 589.00K | 673.00K |
| Total Current Liabilities | 85.79M | 100.80M | 63.61M | 67.52M | 117.06M | 78.56M |
| Long-Term Debt | 34.83M | 40.55M | 64.86M | 59.80M | 13.64M | 54.72M |
| Long-Term Leases | 8.64M | 10.15M | 11.66M | 13.75M | 15.33M | 16.26M |
| Other Long-Term Liabilities | 5.22M | 5.39M | 3.89M | 3.24M | 3.50M | 2.34M |
| Total Liabilities | 134.47M | 156.89M | 144.02M | 144.30M | 149.53M | 151.88M |
| Common Stock | 201.00K | 192.00K | 186.00K | 181.00K | 177.00K | 174.00K |
| Additional Paid-In Capital | 1.16B | 1.15B | 1.12B | 1.10B | 1.08B | 1.05B |
| Retained Earnings | -1.09B | -1.08B | -1.07B | -1.04B | -1.01B | -964.34M |
| Comprehensive Income & Other | -383.00K | -156.00K | -400.00K | -1.27M | -2.79M | -149.00K |
| Total Common Equity | 70.02M | 64.22M | 56.15M | 52.65M | 67.61M | 84.62M |
| Minority Interest | 691.00K | 741.00K | 751.00K | 794.00K | 952.00K | 998.00K |
| Shareholders' Equity | 70.72M | 64.97M | 56.90M | 53.44M | 68.56M | 85.62M |
| Total Liabilities & Equity | 205.19M | 221.86M | 200.92M | 197.75M | 218.09M | 237.50M |
| Total Debt | 76.80M | 96.95M | 98.10M | 96.00M | 87.24M | 87.59M |
| Net Cash (Debt) | -20.54M | -14.07M | -17.64M | -30.15M | 14.92M | 41.77M |
| Net Cash Per Share | -0.11 | -0.07 | -0.10 | -0.17 | 0.08 | 0.24 |
| Filing Date Shares Outstanding | 201.52M | 192.17M | 185.79M | 181.28M | 177.62M | 173.72M |
| Total Common Shares Outstanding | 201.46M | 192.14M | 185.77M | 181.25M | 177.58M | 173.67M |
| Working Capital | 71.52M | 73.58M | 88.41M | 76.92M | 53.09M | 108.55M |
| Book Value Per Share | 0.35 | 0.33 | 0.30 | 0.29 | 0.38 | 0.49 |
| Tangible Book Value | 68.71M | 62.91M | 54.83M | 51.33M | 66.29M | 83.30M |
| Tangible Book Value Per Share | 0.34 | 0.33 | 0.30 | 0.28 | 0.37 | 0.48 |
| Machinery | 13.79M | 13.40M | 12.92M | 11.96M | 11.24M | |
| Construction In Progress | 2.90M | 416.00K | ||||
| Leasehold Improvements | 12.19M | 12.19M | 12.19M | 12.81M | 12.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.78M | -15.63M | -20.92M | -37.49M | -42.78M | -54.37M |
| Depreciation & Amortization | 1.68M | 1.43M | 1.85M | 2.60M | 2.98M | 3.15M |
| Loss (Gain) From Sale of Assets | 3.00K | 65.00K | ||||
| Asset Writedown & Restructuring Costs | 1.70M | 387.00K | ||||
| Loss (Gain) From Sale of Investments | -205.00K | -210.00K | -128.00K | -116.00K | 1.73M | -436.00K |
| Stock-Based Compensation | 20.95M | 22.87M | 22.87M | 20.27M | 24.46M | 23.57M |
| Other Operating Activities | 2.47M | 3.21M | 2.45M | 1.84M | 4.05M | 2.52M |
| Change in Accounts Receivable | 53.00K | -396.00K | 5.50M | -1.10M | -9.20M | -4.21M |
| Change in Inventory | -12.89M | -14.68M | 7.03M | -14.95M | -1.77M | -19.61M |
| Change in Accounts Payable | 3.97M | 5.72M | -1.48M | -7.33M | -4.91M | 12.20M |
| Change in Unearned Revenue | -645.00K | -124.00K | -603.00K | 1.41M | -84.00K | 96.00K |
| Change in Other Net Operating Assets | -6.19M | 2.65M | -5.22M | -10.06M | -95.00K | 2.79M |
| Operating Cash Flow | 2.42M | 4.84M | 11.36M | -43.17M | -25.61M | -33.92M |
| Capital Expenditures | -4.25M | -3.73M | -2.84M | -4.60M | -2.00M | -910.00K |
| Investment in Securities | 23.09M | -2.44M | -5.29M | 13.22M | 10.46M | 13.60M |
| Investing Cash Flow | 18.84M | -6.17M | -8.13M | 8.62M | 8.46M | 12.69M |
| Long-Term Debt Issued | 5.00M | 9.92M | 212.00K | 21.18M | ||
| Long-Term Debt Repaid | -329.00K | -703.00K | ||||
| Net Debt Issued (Repaid) | -19.91M | -329.00K | 4.30M | 9.92M | 212.00K | 21.18M |
| Issuance of Common Stock | 532.00K | 595.00K | 804.00K | 925.00K | 4.08M | 12.11M |
| Other Financing Activities | -178.00K | -35.00K | -137.00K | -175.00K | -104.00K | 1.00M |
| Financing Cash Flow | -19.56M | 231.00K | 4.96M | 10.67M | 4.19M | 34.29M |
| Foreign Exchange Rate Adjustments | -222.00K | 336.00K | -191.00K | -128.00K | -727.00K | -919.00K |
| Net Cash Flow | 1.48M | -761.00K | 8.00M | -24.00M | -13.69M | 12.14M |
| Free Cash Flow | -1.83M | 1.11M | 8.52M | -47.77M | -27.61M | -34.83M |
| Free Cash Flow Margin | -0.83% | 0.54% | 4.73% | -30.55% | -17.04% | -26.62% |
| Free Cash Flow Per Share | -0.01 | 0.01 | 0.05 | -0.27 | -0.16 | -0.20 |
| Levered Free Cash Flow | 875.25K | 2.51M | 11.43M | -27.75M | -12.91M | -3.11M |
| Unlevered Free Cash Flow | 5.67M | 7.72M | 16.98M | -22.50M | -9.27M | -29.12K |
| Cash Interest Paid | 8.52M | 8.52M | 9.29M | 9.21M | 5.10M | 4.18M |
| Cash Income Tax Paid | 301.00K | 301.00K | 356.00K | 322.00K | 270.00K | 278.00K |
| Change in Working Capital | -15.70M | -6.83M | 5.23M | -32.03M | -16.05M | -8.74M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 459.48M | 395.70M | 286.00M | 391.39M | 647.59M | 1.17B |
| Enterprise Value | 480.01M | 416.12M | 309.13M | 408.15M | 632.16M | 1.14B |
| Last Close Price | 2.28 | 2.06 | 1.54 | 2.16 | 3.65 | 6.81 |
| PS Ratio | 2.07 | 1.92 | 1.59 | 2.50 | 4.00 | 8.96 |
| PB Ratio | 6.56 | 6.09 | 5.03 | 7.32 | 9.45 | 13.70 |
| P/TBV Ratio | 6.69 | 6.29 | 5.22 | 7.62 | 9.77 | 14.08 |
| P/FCF Ratio | 357.13 | 33.56 | ||||
| P/OCF Ratio | 190.10 | 81.81 | 25.18 | |||
| EV/Sales Ratio | 2.17 | 2.02 | 1.72 | 2.61 | 3.90 | 8.69 |
| EV/FCF Ratio | 375.56 | 36.27 | ||||
| Debt / Equity Ratio | 1.09 | 1.49 | 1.72 | 1.80 | 1.27 | 1.02 |
| Debt / FCF Ratio | 87.50 | 11.51 | ||||
| Net Debt / Equity Ratio | 0.29 | 0.22 | 0.31 | 0.56 | -0.22 | -0.49 |
| Net Debt / EBITDA Ratio | 311.14 | -1.94 | -1.43 | -1.27 | 0.48 | 0.92 |
| Net Debt / FCF Ratio | -11.23 | 12.70 | 2.07 | -0.63 | 0.54 | 1.20 |
| Asset Turnover | 1.06 | 0.97 | 0.90 | 0.75 | 0.71 | 0.57 |
| Inventory Turnover | 1.77 | 1.99 | 2.07 | 2.03 | 2.69 | 2.54 |
| Quick Ratio | 1.02 | 1.13 | 1.73 | 1.50 | 1.17 | 1.97 |
| Current Ratio | 1.83 | 1.73 | 2.39 | 2.14 | 1.45 | 2.38 |
| Return on Equity (ROE) | -10.77% | -25.66% | -37.99% | -61.71% | -55.55% | -57.41% |
| Return on Assets (ROA) | -0.48% | -2.57% | -4.46% | -7.91% | -9.35% | -13.22% |
| Return on Capital Employed (ROCE) | -1.40% | -7.20% | -10.40% | -20.20% | -33.70% | -30.50% |
| Earnings Yield | -1.53% | -3.95% | -7.31% | -9.58% | -6.61% | -4.63% |
| FCF Yield | -0.40% | 0.28% | 2.98% | -12.20% | -4.26% | -2.97% |
| Buyback Yield / Dilution | -3.89% | -3.27% | -2.38% | -2.11% | -3.08% | -4.47% |