Cerus Financials
This page shows Cerus (CERS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cerus has an operating margin of -7.1%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -16.1% the prior year.
Cerus's revenue grew 7.8% year-over-year to $201.3M, a solid pace of expansion. This earns a growth score of 51/100.
Cerus has elevated debt relative to equity (D/E of 2.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 16/100, reflecting increased financial risk.
With a current ratio of 2.39, Cerus holds $2.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.
Cerus's free cash flow margin of 4.2% results in a low score of 21/100. Capital expenditures of $2.8M absorb a large share of operating cash flow.
Cerus passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cerus generates $-0.54 in operating cash flow ($11.4M OCF vs -$20.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Cerus earns $-1.6 in operating income for every $1 of interest expense (-$14.2M vs $8.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Cerus generated $201.3M in revenue in fiscal year 2024. This represents an increase of 7.8% from the prior year.
Cerus's EBITDA was -$12.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.9% from the prior year.
Cerus generated $8.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 117.8% from the prior year.
Cerus reported -$20.9M in net income in fiscal year 2024. This represents an increase of 44.2% from the prior year.
Cerus earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents an increase of 47.6% from the prior year.
Cerus held $20.3M in cash against $0 in long-term debt as of fiscal year 2024.
Cerus had 186M shares outstanding in fiscal year 2024. This represents an increase of 2.5% from the prior year.
Cerus's operating margin was -7.1% in fiscal year 2024, reflecting core business profitability. This is up 9.0 percentage points from the prior year.
Cerus's net profit margin was -10.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.7 percentage points from the prior year.
Cerus invested $58.9M in research and development in fiscal year 2024. This represents a decrease of 12.9% from the prior year.
Cerus invested $2.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 38.3% from the prior year.
CERS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $15.8M-16.3% | $18.9M+13.8% | $16.6M+18.5% | $14.0M-6.4% | $15.0M+3.4% | $14.5M | N/A | $16.8M |
| SG&A Expenses | $18.6M-12.1% | $21.2M+4.4% | $20.3M+14.1% | $17.8M-6.3% | $19.0M-4.2% | $19.8M | N/A | $16.2M |
| Operating Income | $1.2M+136.1% | -$3.4M+41.5% | -$5.9M-509.1% | -$961K+74.9% | -$3.8M+51.9% | -$8.0M | N/A | -$5.2M |
| Interest Expense | $2.1M-1.4% | $2.1M+1.9% | $2.1M-6.6% | $2.3M-3.0% | $2.3M+4.3% | $2.2M | N/A | $2.4M |
| Income Tax | $85K+11.8% | $76K+2.7% | $74K-2.6% | $76K+235.7% | -$56K-175.7% | $74K | N/A | $78K |
| Net Income | -$19K+99.7% | -$5.7M+26.0% | -$7.7M-163.0% | -$2.9M+49.2% | -$5.8M+40.4% | -$9.7M | N/A | -$7.3M |
| EPS (Diluted) | $0.00+100.0% | $-0.03+25.0% | $-0.04-100.0% | $-0.02+33.3% | $-0.03+40.0% | $-0.05 | N/A | $-0.04 |
CERS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $215.2M+1.0% | $213.1M+3.0% | $206.8M+2.9% | $200.9M+8.3% | $185.5M-1.9% | $189.1M-4.4% | $197.7M-3.9% | $205.8M |
| Current Assets | $167.1M-0.8% | $168.5M+4.3% | $161.5M+6.2% | $152.0M+12.6% | $135.0M-2.3% | $138.2M-4.3% | $144.4M-4.3% | $150.9M |
| Cash & Equivalents | $15.7M-2.0% | $16.0M-17.9% | $19.5M-3.9% | $20.3M+63.4% | $12.4M-39.6% | $20.5M+76.2% | $11.6M-33.0% | $17.4M |
| Inventory | $53.1M-2.5% | $54.5M+13.2% | $48.2M+26.2% | $38.1M+5.1% | $36.3M-9.0% | $39.9M0.0% | $39.9M-6.5% | $42.7M |
| Accounts Receivable | $29.8M-5.2% | $31.4M+19.2% | $26.3M-11.5% | $29.8M+25.4% | $23.7M+5.3% | $22.5M-36.5% | $35.5M+44.6% | $24.5M |
| Goodwill | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M |
| Total Liabilities | $153.0M-2.5% | $156.9M+4.2% | $150.5M+4.5% | $144.0M+6.5% | $135.2M-2.7% | $139.0M-3.7% | $144.3M-8.0% | $156.8M |
| Current Liabilities | $88.4M+4.8% | $84.4M+21.0% | $69.7M+9.6% | $63.6M+18.0% | $53.9M-5.9% | $57.2M-15.2% | $67.5M-15.7% | $80.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $61.5M+10.9% | $55.4M-0.1% | $55.5M-1.2% | $56.1M+13.4% | $49.5M+0.3% | $49.4M-6.2% | $52.6M+9.3% | $48.2M |
| Retained Earnings | -$1.1B0.0% | -$1.1B-0.5% | -$1.1B-0.7% | -$1.1B-0.5% | -$1.1B-0.5% | -$1.1B-0.9% | -$1.0B-0.1% | -$1.0B |
CERS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.9M+178.8% | -$2.4M-189.8% | -$844K-117.1% | $4.9M+1129.2% | $401K-79.5% | $2.0M+112.9% | -$15.2M-44.8% | -$10.5M |
| Capital Expenditures | $1.8M+284.3% | $477K+325.9% | $112K-88.5% | $976K+2280.5% | $41K-96.3% | $1.1M+18416.7% | -$6K-100.2% | $2.6M |
| Free Cash Flow | $94K+103.2% | -$2.9M-205.8% | -$956K-124.2% | $4.0M+998.1% | $360K-58.1% | $860K+105.7% | -$15.2M-15.7% | -$13.1M |
| Investing Cash Flow | -$2.5M-130.4% | -$1.1M+8.4% | -$1.2M+83.7% | -$7.3M-2.5% | -$7.1M-591.5% | $1.4M-82.4% | $8.2M+3087.6% | -$275K |
| Financing Cash Flow | $320K+348.1% | -$129K-112.0% | $1.1M+43.6% | $746K+153.2% | -$1.4M-125.2% | $5.6M+370.1% | $1.2M-84.4% | $7.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CERS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.0%+2.7pp | -2.7%+1.0pp | -3.7%-2.2pp | -1.6%+1.6pp | -3.1%+2.0pp | -5.1% | N/A | -3.5% |
| Current Ratio | 1.89-0.1 | 2.00-0.3 | 2.32-0.1 | 2.39-0.1 | 2.51+0.1 | 2.41+0.3 | 2.14+0.3 | 1.88 |
| Debt-to-Equity | 2.49-0.3 | 2.83+0.1 | 2.71+0.1 | 2.57-0.2 | 2.73-0.1 | 2.81+0.1 | 2.74-0.5 | 3.26 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Cerus's annual revenue?
Cerus (CERS) reported $201.3M in total revenue for fiscal year 2024. This represents a 7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cerus's revenue growing?
Cerus (CERS) revenue grew by 7.8% year-over-year, from $186.8M to $201.3M in fiscal year 2024.
Is Cerus profitable?
No, Cerus (CERS) reported a net income of -$20.9M in fiscal year 2024, with a net profit margin of -10.4%.
What is Cerus's earnings per share (EPS)?
Cerus (CERS) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a 47.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cerus's EBITDA?
Cerus (CERS) had EBITDA of -$12.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cerus's operating margin?
Cerus (CERS) had an operating margin of -7.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Cerus's net profit margin?
Cerus (CERS) had a net profit margin of -10.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Cerus's free cash flow?
Cerus (CERS) generated $8.5M in free cash flow during fiscal year 2024. This represents a 117.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cerus's operating cash flow?
Cerus (CERS) generated $11.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cerus's total assets?
Cerus (CERS) had $200.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cerus's capital expenditures?
Cerus (CERS) invested $2.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Cerus spend on research and development?
Cerus (CERS) invested $58.9M in research and development during fiscal year 2024.
How many shares does Cerus have outstanding?
Cerus (CERS) had 186M shares outstanding as of fiscal year 2024.
What is Cerus's current ratio?
Cerus (CERS) had a current ratio of 2.39 as of fiscal year 2024, which is generally considered healthy.
What is Cerus's debt-to-equity ratio?
Cerus (CERS) had a debt-to-equity ratio of 2.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cerus's return on assets (ROA)?
Cerus (CERS) had a return on assets of -10.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cerus's Piotroski F-Score?
Cerus (CERS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cerus's earnings high quality?
Cerus (CERS) has an earnings quality ratio of -0.54x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cerus cover its interest payments?
Cerus (CERS) has an interest coverage ratio of -1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cerus?
Cerus (CERS) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.