NASDAQ : CERT
Certara, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 11.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.71B
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Financial statements
Certara, Inc. (CERT) reported revenue of 421.75M 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 | 421.75M | 418.84M | 385.15M | 354.34M | 335.64M | 286.10M |
| Cost of Revenue | 161.91M | 161.13M | 154.52M | 141.02M | 132.58M | 111.62M |
| Gross Profit | 259.83M | 257.71M | 230.63M | 213.31M | 203.07M | 174.49M |
| Selling, General & Admin | 140.45M | 136.80M | 123.28M | 94.81M | 96.95M | 88.41M |
| Research & Development | 43.54M | 41.04M | 37.10M | 34.17M | 28.20M | 20.38M |
| Amortization of Goodwill & Intangibles | 41.43M | 38.72M | ||||
| Operating Expenses | 241.81M | 234.40M | 213.98M | 174.51M | 168.31M | 149.64M |
| Operating Income | 18.02M | 23.31M | 16.65M | 38.80M | 34.75M | 24.85M |
| Interest Expense | -20.06M | -19.74M | -21.52M | -22.92M | -17.77M | -16.84M |
| Interest & Investment Income | 4.90M | 5.72M | 9.03M | 9.32M | 1.29M | |
| Currency Exchange Gain (Loss) | -2.17M | 891.00K | -2.34M | -638.00K | 3.17M | 175.00K |
| Other Non Operating Income (Expenses) | 446.00K | -297.00K | -222.00K | -67.00K | -284.00K | 59.00K |
| EBT Excluding Unusual Items | 1.14M | 9.89M | 1.60M | 24.50M | 21.16M | 8.25M |
| Merger & Restructuring Charges | -5.23M | -5.23M | -9.65M | -7.84M | -2.23M | -11.27M |
| Impairment of Goodwill | -46.98M | |||||
| Gain (Loss) on Sale of Assets | 24.00K | 24.00K | -401.00K | -65.00K | -169.00K | -351.00K |
| Other Unusual Items | -10.20M | 2.94M | -8.73M | -24.75M | ||
| Pretax Income | -14.26M | 7.62M | -17.18M | -55.14M | 18.75M | -3.38M |
| Income Tax Expense | 8.24M | 9.21M | -5.13M | 214.00K | 4.02M | 9.89M |
| Net Income | -68.40M | -1.59M | -12.05M | -55.36M | 14.73M | -13.27M |
| Net Income to Common | -68.40M | -1.59M | -12.05M | -55.36M | 14.73M | -13.27M |
| Shares Outstanding (Basic) | 157.94M | 160.39M | 160.39M | 158.94M | 156.88M | 149.84M |
| Shares Outstanding (Diluted) | 157.94M | 160.39M | 160.39M | 158.94M | 159.35M | 149.84M |
| EPS (Basic) | -0.43 | -0.01 | -0.08 | -0.35 | 0.09 | -0.09 |
| EPS (Diluted) | -0.43 | -0.01 | -0.08 | -0.35 | 0.09 | -0.09 |
| Free Cash Flow | 80.39M | 94.56M | 78.84M | 80.98M | 91.11M | 59.24M |
| Free Cash Flow Per Share | 0.51 | 0.59 | 0.49 | 0.51 | 0.57 | 0.40 |
| Gross Margin | 61.61% | 61.53% | 59.88% | 60.20% | 60.50% | 60.99% |
| Operating Margin | 4.27% | 5.57% | 4.32% | 10.95% | 10.35% | 8.69% |
| Profit Margin | -16.22% | -0.38% | -3.13% | -15.62% | 4.39% | -4.64% |
| Free Cash Flow Margin | 19.06% | 22.58% | 20.47% | 22.85% | 27.15% | 20.71% |
| EBITDA | 94.25M | 98.47M | 84.69M | 94.88M | 87.22M | 69.97M |
| EBITDA Margin | 22.35% | 23.51% | 21.99% | 26.77% | 25.99% | 24.45% |
| D&A For EBITDA | 76.23M | 75.16M | 68.03M | 56.07M | 52.47M | 45.12M |
| EBIT | 18.02M | 23.31M | 16.65M | 38.80M | 34.75M | 24.85M |
| EBIT Margin | 4.27% | 5.57% | 4.32% | 10.95% | 10.35% | 8.69% |
| Effective Tax Rate | 120.94% | 21.46% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 184.14M | 189.39M | 179.18M | 234.95M | 236.59M | 185.80M |
| Trading Asset Securities | 729.00K | 2.21M | 4.47M | 4.64M | 57.00K | |
| Cash & Short-Term Investments | 184.87M | 189.39M | 181.40M | 239.42M | 241.22M | 185.85M |
| Accounts Receivable | 93.17M | 103.23M | 101.90M | 84.50M | 82.30M | 68.98M |
| Other Receivables | 20.73M | 13.04M | 17.18M | 8.75M | 6.51M | 9.33M |
| Receivables | 113.90M | 116.27M | 119.08M | 93.26M | 88.81M | 78.31M |
| Prepaid Expenses | 11.38M | 8.34M | 8.31M | 6.36M | 8.39M | 8.97M |
| Restricted Cash | 3.10M | 827.00K | ||||
| Other Current Assets | 2.03M | 1.13M | 2.06M | 1.16M | 732.00K | 767.00K |
| Total Current Assets | 312.19M | 315.12M | 310.85M | 340.20M | 342.25M | 274.73M |
| Property, Plant & Equipment | 10.62M | 13.79M | 16.01M | 12.27M | 16.83M | 15.57M |
| Long-Term Investments | 1.15M | 1.15M | 3.74M | |||
| Goodwill | 718.12M | 773.31M | 757.04M | 716.33M | 717.74M | 703.37M |
| Other Intangible Assets | 345.21M | 447.48M | 485.21M | 487.04M | 486.78M | 511.82M |
| Long-Term Deferred Tax Assets | 11.12M | 5.24M | 3.96M | 4.24M | 3.70M | 4.07M |
| Long-Term Deferred Charges | 442.00K | 485.00K | 574.00K | 451.00K | 729.00K | 1.01M |
| Other Long-Term Assets | 949.00K | 1.16M | 1.46M | 1.45M | 1.15M | 1.16M |
| Total Assets | 1.40B | 1.56B | 1.58B | 1.56B | 1.57B | 1.51B |
| Accounts Payable | 2.72M | 3.43M | 3.50M | 5.17M | 7.53M | 7.46M |
| Accrued Expenses | 29.27M | 43.72M | 35.13M | 37.36M | 32.48M | 28.43M |
| Current Portion of Long-Term Debt | 2.96M | 3.50M | 3.00M | 3.02M | 3.02M | 4.11M |
| Current Portion of Leases | 3.16M | 3.92M | 5.31M | 4.38M | 4.99M | 5.33M |
| Current Income Taxes Payable | 6.48M | 1.43M | 430.00K | 1.01M | 2.22M | 1.40M |
| Current Unearned Revenue | 77.34M | 75.41M | 77.83M | 60.68M | 52.21M | 45.50M |
| Other Current Liabilities | 464.00K | 21.98M | 20.89M | 18.41M | 700.00K | |
| Total Current Liabilities | 122.40M | 153.38M | 146.09M | 130.02M | 103.16M | 92.22M |
| Long-Term Debt | 288.88M | 291.92M | 292.43M | 288.22M | 289.99M | 291.75M |
| Long-Term Leases | 6.95M | 8.44M | 11.17M | 6.96M | 10.13M | 8.28M |
| Long-Term Unearned Revenue | 2.70M | 2.35M | 1.05M | 1.07M | 2.81M | 1.53M |
| Long-Term Deferred Tax Liabilities | 8.95M | 34.37M | 40.42M | 50.83M | 65.05M | 76.10M |
| Other Long-Term Liabilities | 3.41M | 3.33M | 25.30M | 39.21M | 22.12M | |
| Total Liabilities | 433.28M | 493.79M | 516.45M | 516.30M | 493.26M | 469.88M |
| Common Stock | 1.67M | 1.64M | 1.62M | 1.60M | 1.60M | 1.60M |
| Additional Paid-In Capital | 1.28B | 1.26B | 1.22B | 1.18B | 1.15B | 1.12B |
| Retained Earnings | -193.91M | -129.88M | -128.28M | -116.23M | -60.87M | -75.60M |
| Treasury Stock | -127.96M | -66.66M | -18.18M | -9.40M | -3.00M | -38.00K |
| Comprehensive Income & Other | 9.06M | 2.04M | -13.42M | -7.59M | -8.23M | -3.93M |
| Shareholders' Equity | 966.51M | 1.06B | 1.06B | 1.05B | 1.08B | 1.04B |
| Total Liabilities & Equity | 1.40B | 1.56B | 1.58B | 1.56B | 1.57B | 1.51B |
| Total Debt | 301.94M | 307.77M | 311.90M | 302.57M | 308.13M | 309.47M |
| Net Cash (Debt) | -117.08M | -118.38M | -130.50M | -63.14M | -66.91M | -123.61M |
| Net Cash Per Share | -0.74 | -0.74 | -0.81 | -0.40 | -0.42 | -0.82 |
| Filing Date Shares Outstanding | 152.54M | 159.14M | 161.02M | 159.86M | 159.46M | 159.66M |
| Total Common Shares Outstanding | 152.50M | 159.14M | 161.01M | 159.85M | 159.53M | 159.66M |
| Working Capital | 189.79M | 161.73M | 164.76M | 210.18M | 239.09M | 182.50M |
| Book Value Per Share | 6.34 | 6.68 | 6.58 | 6.55 | 6.77 | 6.53 |
| Tangible Book Value | -96.82M | -157.99M | -183.60M | -156.54M | -124.86M | -173.34M |
| Tangible Book Value Per Share | -0.63 | -0.99 | -1.14 | -0.98 | -0.78 | -1.09 |
| Machinery | 6.80M | 6.85M | 7.39M | 7.00M | 9.03M | |
| Leasehold Improvements | 495.00K | 970.00K | 1.20M | 1.34M | 1.76M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -68.40M | -1.59M | -12.05M | -55.36M | 14.73M | -13.27M |
| Depreciation & Amortization | 76.23M | 75.16M | 68.03M | 56.07M | 52.47M | 45.12M |
| Other Amortization | 549.00K | 568.00K | 1.03M | 1.53M | 1.54M | 1.53M |
| Loss (Gain) From Sale of Assets | 351.00K | |||||
| Asset Writedown & Restructuring Costs | 46.98M | |||||
| Stock-Based Compensation | 31.18M | 33.08M | 34.77M | 28.30M | 30.34M | 29.48M |
| Provision & Write-off of Bad Debts | 721.00K | 1.14M | 1.46M | 684.00K | 1.07M | 130.00K |
| Other Operating Activities | 40.52M | -12.94M | -2.76M | 9.26M | -11.34M | -40.00K |
| Change in Accounts Receivable | 3.08M | 428.00K | -16.23M | 152.00K | -15.01M | -10.07M |
| Change in Accounts Payable | 8.21M | 4.40M | -4.76M | -5.61M | 9.08M | 1.13M |
| Change in Unearned Revenue | 8.89M | -3.02M | 13.83M | 28.00K | 9.53M | 5.43M |
| Change in Other Net Operating Assets | -12.40M | -902.00K | -2.87M | 711.00K | 126.00K | 585.00K |
| Operating Cash Flow | 82.86M | 96.33M | 80.47M | 82.75M | 92.54M | 60.39M |
| Capital Expenditures | -2.48M | -1.76M | -1.62M | -1.78M | -1.43M | -1.14M |
| Cash Acquisitions | -91.33M | -64.23M | -15.31M | -261.02M | ||
| Sale (Purchase) of Intangibles | -25.82M | -24.80M | -19.42M | -13.54M | -11.10M | -7.76M |
| Investing Cash Flow | 41.14M | -26.56M | -112.37M | -79.55M | -27.84M | -269.92M |
| Long-Term Debt Issued | 6.30M | 89.00K | ||||
| Total Debt Issued | 6.30M | 89.00K | ||||
| Long-Term Debt Repaid | -2.99M | -2.25M | -3.04M | -3.31M | -3.97M | |
| Total Debt Repaid | -2.97M | -2.99M | -2.25M | -3.04M | -3.31M | -3.97M |
| Net Debt Issued (Repaid) | -2.97M | -2.99M | 4.05M | -3.04M | -3.31M | -3.88M |
| Issuance of Common Stock | 134.10M | |||||
| Repurchase of Common Stock | -78.53M | -47.77M | -8.69M | -6.40M | -2.96M | -272.00K |
| Other Financing Activities | -20.12M | -13.23M | -16.37M | -1.09M | -6.55M | |
| Financing Cash Flow | -101.63M | -63.99M | -21.01M | -9.45M | -7.36M | 123.39M |
| Foreign Exchange Rate Adjustments | -504.00K | 4.43M | -2.86M | 1.50M | -4.28M | -524.00K |
| Net Cash Flow | 21.87M | 10.21M | -55.77M | -4.74M | 53.06M | -86.67M |
| Free Cash Flow | 80.39M | 94.56M | 78.84M | 80.98M | 91.11M | 59.24M |
| Free Cash Flow Margin | 19.06% | 22.58% | 20.47% | 22.85% | 27.15% | 20.71% |
| Free Cash Flow Per Share | 0.51 | 0.59 | 0.49 | 0.51 | 0.57 | 0.40 |
| Levered Free Cash Flow | 62.58M | 96.40M | 66.55M | 109.22M | 82.65M | 73.86M |
| Unlevered Free Cash Flow | 74.57M | 108.17M | 78.97M | 122.02M | 92.21M | 82.85M |
| Cash Interest Paid | 19.55M | 19.13M | 22.74M | 19.09M | 17.27M | 14.17M |
| Cash Income Tax Paid | 18.32M | 12.22M | 14.66M | 19.32M | 10.14M | 8.60M |
| Change in Working Capital | 7.78M | 911.00K | -10.03M | -4.72M | 3.73M | -2.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.66B | 1.40B | 1.71B | 2.81B | 2.57B | 4.54B |
| Enterprise Value | 1.77B | 1.54B | 1.79B | 2.84B | 2.66B | 4.42B |
| Last Close Price | 11.02 | 8.81 | 10.65 | 17.59 | 16.07 | 28.42 |
| PE Ratio | 174.19 | |||||
| Forward PE | 28.44 | 17.59 | 21.50 | 37.52 | 31.37 | 65.27 |
| PS Ratio | 3.91 | 3.35 | 4.45 | 7.93 | 7.64 | 15.86 |
| PB Ratio | 1.74 | 1.32 | 1.62 | 2.69 | 2.38 | 4.36 |
| P/FCF Ratio | 20.51 | 14.84 | 21.75 | 34.72 | 28.16 | 76.59 |
| P/OCF Ratio | 19.90 | 14.57 | 21.31 | 33.98 | 27.73 | 75.14 |
| PEG Ratio | 1.35 | 2.04 | 0.97 | 0.60 | 3.75 | |
| EV/Sales Ratio | 4.19 | 3.68 | 4.65 | 8.01 | 7.92 | 15.44 |
| EV/EBITDA Ratio | 18.74 | 15.63 | 21.14 | 29.90 | 30.48 | 63.15 |
| EV/EBIT Ratio | 98.02 | 66.05 | 107.49 | 73.11 | 76.51 | 177.78 |
| EV/FCF Ratio | 21.97 | 16.28 | 22.70 | 35.03 | 29.18 | 74.57 |
| Debt / Equity Ratio | 0.31 | 0.29 | 0.29 | 0.29 | 0.28 | 0.30 |
| Debt / EBITDA Ratio | 3.01 | 2.95 | 3.45 | 3.02 | 3.32 | 4.05 |
| Debt / FCF Ratio | 3.76 | 3.25 | 3.96 | 3.74 | 3.38 | 5.22 |
| Net Debt / Equity Ratio | 0.12 | 0.11 | 0.12 | 0.06 | 0.06 | 0.12 |
| Net Debt / EBITDA Ratio | 1.24 | 1.20 | 1.54 | 0.67 | 0.77 | 1.77 |
| Net Debt / FCF Ratio | 1.46 | 1.25 | 1.66 | 0.78 | 0.73 | 2.09 |
| Asset Turnover | 0.29 | 0.27 | 0.24 | 0.23 | 0.22 | 0.21 |
| Quick Ratio | 2.44 | 1.99 | 2.06 | 2.56 | 3.20 | 2.86 |
| Current Ratio | 2.55 | 2.05 | 2.13 | 2.62 | 3.32 | 2.98 |
| Return on Equity (ROE) | -2.21% | -0.15% | -1.15% | -5.21% | 1.39% | -1.42% |
| Return on Assets (ROA) | 0.77% | 0.93% | 0.66% | 1.55% | 1.41% | 1.12% |
| Return on Invested Capital (ROIC) | 1.60% | -0.41% | 1.45% | 3.44% | 2.36% | 2.46% |
| Return on Capital Employed (ROCE) | 1.40% | 1.70% | 1.20% | 2.70% | 2.40% | 1.80% |
| Earnings Yield | -3.99% | -0.11% | -0.70% | -1.97% | 0.57% | -0.29% |
| FCF Yield | 4.88% | 6.74% | 4.60% | 2.88% | 3.55% | 1.31% |
| Buyback Yield / Dilution | 2.01% | -0.00% | -0.92% | 0.26% | -6.35% | -12.46% |