Certara, Inc. Financials
This page shows Certara, Inc. (CERT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Certara’s 60.0% -plus gross margin and tiny reinvestment needs make cash generation look stronger than reported earnings.
From FY2023 to FY2025, free cash flow rose from$81.0M to$94.6M even though net income remained below break-even. The gap is explained by heavy amortization on a goodwill-heavy balance sheet: FY2025 depreciation and amortization reached$75.2M while capex was only$1.8M , so cash conversion says more about operations than GAAP profit does.
The FY2025 profit recovery was mainly a cost-structure improvement, not a gross-margin shift. Gross margin stayed near
The balance sheet looks liquid but acquisition-shaped. Cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Certara, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Certara, Inc. has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from -0.4% the prior year.
Certara, Inc.'s revenue grew 8.7% year-over-year to $418.8M, a solid pace of expansion. This earns a growth score of 48/100.
Certara, Inc. carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
Certara, Inc.'s current ratio of 2.05 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.
Certara, Inc. converts 22.6% of revenue into free cash flow ($94.6M). This strong cash generation earns a score of 80/100.
Certara, Inc. generates a -0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 8/100. This is up from -1.1% the prior year.
Certara, Inc. scores 1.30, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($804.3M) relative to total liabilities ($493.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Certara, Inc. passes 6 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, Certara, Inc. generates $-60.39 in operating cash flow ($96.3M OCF vs -$1.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Certara, Inc. earns $1.1 in operating income for every $1 of interest expense ($21.0M vs $19.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Certara, Inc. generated $418.8M in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.
Certara, Inc.'s EBITDA was $96.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.1% from the prior year.
Certara, Inc. reported -$1.6M in net income in fiscal year 2025. This represents an increase of 86.8% from the prior year.
Certara, Inc. earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.5% from the prior year.
Cash & Balance Sheet
Certara, Inc. generated $94.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 19.9% from the prior year.
Certara, Inc. held $189.4M in cash against $290.1M in long-term debt as of fiscal year 2025.
Certara, Inc. had 159M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Margins & Returns
Certara, Inc.'s gross margin was 61.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.
Certara, Inc.'s operating margin was 5.0% in fiscal year 2025, reflecting core business profitability. This is up 5.5 percentage points from the prior year.
Certara, Inc.'s net profit margin was -0.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.
Certara, Inc.'s ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.
Capital Allocation
Certara, Inc. invested $41.0M in research and development in fiscal year 2025. This represents an increase of 10.6% from the prior year.
Certara, Inc. spent $42.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Certara, Inc. invested $1.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.3% from the prior year.
CERT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.9M+3.2% | $103.6M-0.9% | $104.6M0.0% | $104.6M-1.4% | $106.0M+5.6% | $100.4M+5.8% | $94.8M+1.6% | $93.3M |
| Cost of Revenue | $41.6M+6.2% | $39.2M-1.4% | $39.7M-2.5% | $40.7M-1.9% | $41.5M+8.5% | $38.3M+2.9% | $37.2M-6.6% | $39.8M |
| Gross Profit | $65.3M+1.3% | $64.5M-0.6% | $64.9M+1.6% | $63.9M-1.0% | $64.5M+3.8% | $62.1M+7.8% | $57.6M+7.7% | $53.5M |
| R&D Expenses | $12.3M+8.9% | $11.3M+9.9% | $10.3M+14.4% | $9.0M-14.7% | $10.5M+35.4% | $7.8M-6.0% | $8.3M-8.8% | $9.1M |
| SG&A Expenses | $29.4M+23.0% | $23.9M-3.1% | $24.6M+43.4% | $17.2M-12.6% | $19.7M-7.0% | $21.1M-4.0% | $22.0M-21.5% | $28.1M |
| Operating Income | -$4.3M-614.7% | $836K-72.2% | $3.0M-68.5% | $9.6M+25.3% | $7.6M+27.0% | $6.0M+131.4% | $2.6M+128.7% | -$9.0M |
| Interest Expense | $4.9M-3.5% | $5.1M+2.2% | $5.0M+4.4% | $4.8M-0.1% | $4.8M-4.0% | $5.0M-3.5% | $5.2M-7.0% | $5.6M |
| Income Tax | $820K-72.5% | $3.0M+266.6% | -$1.8M-121.8% | $8.2M+4189.1% | -$201K+95.4% | -$4.4M-1416.2% | -$290K-195.1% | $305K |
| Net Income | -$8.8M-48.7% | -$5.9M-486.6% | $1.5M+177.5% | -$2.0M-141.5% | $4.7M-27.9% | $6.6M+579.7% | -$1.4M+89.1% | -$12.6M |
| EPS (Diluted) | $-0.06 | N/A | $0.01+200.0% | $-0.01-133.3% | $0.03 | N/A | $-0.01+87.5% | $-0.08 |
CERT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B-3.6% | $1.6B+1.3% | $1.5B-0.5% | $1.5B-1.1% | $1.6B-0.9% | $1.6B+2.1% | $1.5B+0.2% | $1.5B |
| Current Assets | $270.6M-14.1% | $315.1M+11.2% | $283.3M+0.7% | $281.4M-6.3% | $300.2M-3.4% | $310.9M-11.3% | $350.6M+4.0% | $337.1M |
| Cash & Equivalents | $149.5M-21.1% | $189.4M+9.7% | $172.7M+6.4% | $162.3M-9.4% | $179.1M-0.1% | $179.2M-23.1% | $233.0M+3.8% | $224.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $83.2M-12.0% | $94.6M+22.9% | $76.9M-7.5% | $83.2M+6.7% | $78.0M-14.0% | $90.6M-5.6% | $96.0M+6.2% | $90.4M |
| Goodwill | $770.8M-0.3% | $773.3M0.0% | $773.0M+0.1% | $772.3M+1.0% | $764.3M+1.0% | $757.0M+5.4% | $718.5M+0.4% | $715.5M |
| Total Liabilities | $483.3M-2.1% | $493.8M+4.8% | $471.0M-0.4% | $472.9M-0.8% | $476.7M-7.7% | $516.4M+5.4% | $489.8M-1.3% | $496.2M |
| Current Liabilities | $144.1M-6.0% | $153.4M+13.2% | $135.5M+3.9% | $130.4M+20.7% | $108.1M-26.0% | $146.1M+19.1% | $122.7M-5.0% | $129.1M |
| Long-Term Debt | $289.5M-0.2% | $290.1M-0.1% | $290.5M-0.2% | $291.2M-0.2% | $291.8M-0.2% | $292.4M-0.2% | $293.1M-0.2% | $293.7M |
| Total Equity | $1.0B-4.3% | $1.1B-0.2% | $1.1B-0.5% | $1.1B-1.3% | $1.1B+2.4% | $1.1B+0.5% | $1.1B+1.0% | $1.0B |
| Retained Earnings | -$138.6M-6.7% | -$129.9M-4.8% | -$124.0M+1.2% | -$125.5M-1.6% | -$123.5M+3.7% | -$128.3M+4.9% | -$134.9M-1.0% | -$133.5M |
CERT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.7M-59.4% | $28.8M-10.8% | $32.3M+81.1% | $17.8M+2.8% | $17.4M-64.9% | $49.4M+190.6% | $17.0M+73.1% | $9.8M |
| Capital Expenditures | $631K-37.1% | $1.0M+353.8% | $221K+445.3% | -$64K-110.7% | $600K+44.6% | $415K+153.0% | $164K-61.6% | $427K |
| Free Cash Flow | $11.1M-60.2% | $27.8M-13.3% | $32.1M+80.5% | $17.8M+6.1% | $16.8M-65.8% | $49.0M+191.0% | $16.8M+79.2% | $9.4M |
| Investing Cash Flow | -$6.8M+3.5% | -$7.0M-3.5% | -$6.8M+2.4% | -$7.0M-20.6% | -$5.8M+94.1% | -$97.2M-1664.0% | -$5.5M+10.0% | -$6.1M |
| Financing Cash Flow | -$43.7M-808.8% | -$4.8M+66.8% | -$14.5M+52.8% | -$30.7M-119.3% | -$14.0M-974.1% | -$1.3M+76.8% | -$5.6M-49.3% | -$3.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $40.0M+916.3% | $3.9M-71.2% | $13.7M-45.3% | $25.0M | $0 | $0 | $0 | N/A |
CERT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.1%-1.1pp | 62.2%+0.2pp | 62.0%+1.0pp | 61.1%+0.2pp | 60.8%-1.0pp | 61.9%+1.1pp | 60.8%+3.4pp | 57.3% |
| Operating Margin | -4.0%-4.8pp | 0.8%-2.1pp | 2.9%-6.3pp | 9.1%+1.9pp | 7.2%+1.2pp | 6.0%+3.2pp | 2.7%+12.4pp | -9.7% |
| Net Margin | -8.2%-2.5pp | -5.7%-7.1pp | 1.5%+3.3pp | -1.9%-6.3pp | 4.5%-2.1pp | 6.6%+8.0pp | -1.5%+12.0pp | -13.5% |
| Return on Equity | -0.9%-0.3pp | -0.6%-0.7pp | 0.1%+0.3pp | -0.2%-0.6pp | 0.4%-0.2pp | 0.6%+0.8pp | -0.1%+1.1pp | -1.2% |
| Return on Assets | -0.6%-0.2pp | -0.4%-0.5pp | 0.1%+0.2pp | -0.1%-0.4pp | 0.3%-0.1pp | 0.4%+0.5pp | -0.1%+0.7pp | -0.8% |
| Current Ratio | 1.88-0.2 | 2.05-0.0 | 2.09-0.1 | 2.16-0.6 | 2.78+0.6 | 2.13-0.7 | 2.86+0.2 | 2.61 |
| Debt-to-Equity | 0.28+0.0 | 0.270.0 | 0.270.0 | 0.270.0 | 0.270.0 | 0.280.0 | 0.280.0 | 0.28 |
| FCF Margin | 10.3%-16.5pp | 26.8%-3.8pp | 30.7%+13.7pp | 17.0%+1.2pp | 15.8%-33.0pp | 48.8%+31.0pp | 17.7%+7.7pp | 10.1% |
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Frequently Asked Questions
What is Certara, Inc.'s annual revenue?
Certara, Inc. (CERT) reported $418.8M in total revenue for fiscal year 2025. This represents a 8.7% 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 Certara, Inc.'s revenue growing?
Certara, Inc. (CERT) revenue grew by 8.7% year-over-year, from $385.1M to $418.8M in fiscal year 2025.
Is Certara, Inc. profitable?
No, Certara, Inc. (CERT) reported a net income of -$1.6M in fiscal year 2025, with a net profit margin of -0.4%.
What is Certara, Inc.'s EBITDA?
Certara, Inc. (CERT) had EBITDA of $96.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Certara, Inc. have?
As of fiscal year 2025, Certara, Inc. (CERT) had $189.4M in cash and equivalents against $290.1M in long-term debt.
What is Certara, Inc.'s gross margin?
Certara, Inc. (CERT) had a gross margin of 61.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Certara, Inc.'s operating margin?
Certara, Inc. (CERT) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Certara, Inc.'s net profit margin?
Certara, Inc. (CERT) had a net profit margin of -0.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Certara, Inc.'s return on equity (ROE)?
Certara, Inc. (CERT) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Certara, Inc.'s free cash flow?
Certara, Inc. (CERT) generated $94.6M in free cash flow during fiscal year 2025. This represents a 19.9% 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 Certara, Inc.'s operating cash flow?
Certara, Inc. (CERT) generated $96.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Certara, Inc.'s total assets?
Certara, Inc. (CERT) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Certara, Inc.'s capital expenditures?
Certara, Inc. (CERT) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Certara, Inc. spend on research and development?
Certara, Inc. (CERT) invested $41.0M in research and development during fiscal year 2025.
What is Certara, Inc.'s current ratio?
Certara, Inc. (CERT) had a current ratio of 2.05 as of fiscal year 2025, which is generally considered healthy.
What is Certara, Inc.'s debt-to-equity ratio?
Certara, Inc. (CERT) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Certara, Inc.'s return on assets (ROA)?
Certara, Inc. (CERT) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Certara, Inc.'s Altman Z-Score?
Certara, Inc. (CERT) has an Altman Z-Score of 1.30, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Certara, Inc.'s Piotroski F-Score?
Certara, Inc. (CERT) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Certara, Inc.'s earnings high quality?
Certara, Inc. (CERT) has an earnings quality ratio of -60.39x, 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 Certara, Inc. cover its interest payments?
Certara, Inc. (CERT) has an interest coverage ratio of 1.1x, 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 Certara, Inc.?
Certara, Inc. (CERT) scores 49 out of 100 on our Financial Profile, indicating moderate 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.