Certara (CERT) financial statements
Certara reported revenue of $419M in fiscal 2025, up 12.3% a year over 6 years.
Net income was -$2M and the operating margin 5.0%, against 9.4% in 2019.
Free cash flow was $70M, and the company returned $43M in net buybacks.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Certara's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $209M | $244M | $286M | $336M | $354M | $385M | $419M |
| Cost of revenue | $80M | $101M | $112M | $133M | $141M | $155M | $161M |
| Gross profit | $129M | $143M | $174M | $203M | $213M | $231M | $258M |
| Research and development | $12M | $20M | $20M | $28M | $34M | $37M | $41M |
| Selling, general and admin | $59M | $108M | $100M | $99M | $127M | $142M | $139M |
| Operating income | $20M | -$24M | $14M | $33M | -$41M | -$2M | $21M |
| Interest expense | $28M | $25M | $17M | $18M | $23M | $22M | $20M |
| Pre-tax income | -$9M | -$50M | -$3M | $19M | -$55M | -$17M | $8M |
| Income tax | -$225,000 | -$784,000 | $10M | $4M | $214,000 | -$5M | $9M |
| Net income | -$9M | -$49M | -$13M | $15M | -$55M | -$12M | -$2M |
| EPS (diluted) | -$0.07 | -$0.37 | -$0.09 | $0.09 | -$0.35 | -$0.08 | -$0.01 |
| Diluted shares | 132M | 133M | 150M | 159M | 159M | 160M | 160M |
| Gross margin | 61.7% | 58.6% | 61.0% | 60.5% | 60.2% | 59.9% | 61.5% |
| Operating margin | 9.4% | -10.0% | 4.7% | 9.7% | -11.5% | -0.4% | 5.0% |
| Net margin | -4.3% | -20.3% | -4.6% | 4.4% | -15.6% | -3.1% | -0.4% |
Balance sheet
Fiscal years, from Certara's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $271M | $186M | $237M | $235M | $179M | $189M |
| Receivables | — | $54M | $70M | $83M | $85M | $102M | $102M |
| Total current assets | — | $347M | $275M | $342M | $340M | $311M | $315M |
| Property, plant and equipment | — | $4M | $3M | $2M | $3M | $2M | $2M |
| Goodwill | $515M | $519M | $703M | $718M | $716M | $757M | $745M |
| Total assets | — | $1.3B | $1.5B | $1.6B | $1.6B | $1.6B | $1.6B |
| Total current liabilities | — | $75M | $92M | $103M | $130M | $146M | $153M |
| Long-term debt | — | $294M | $292M | $290M | $288M | $292M | $290M |
| Total liabilities | — | $447M | $470M | $493M | $516M | $516M | $494M |
| Shareholders' equity | $492M | $822M | $1.0B | $1.1B | $1.0B | $1.1B | $1.1B |
| Net debt | -$29M | $27M | $109M | $56M | $56M | $116M | $104M |
Cash flow
Fiscal years, from Certara's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $38M | $45M | $60M | $93M | $83M | $80M | $96M |
| Capital spending | $10M | $8M | $9M | $13M | $15M | $21M | $27M |
| Free cash flow | $29M | $37M | $51M | $80M | $67M | $59M | $70M |
| Stock-based compensation | $2M | $65M | $29M | $30M | $28M | $35M | $33M |
| Share buybacks (net) | -$703,000 | -$1M | — | — | $0 | $0 | -$43M |
| Net borrowing | — | — | $89,000 | $0 | $0 | — | — |
| Free cash flow margin | 13.7% | 15.1% | 18.0% | 23.8% | 19.0% | 15.4% | 16.7% |
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Open CERT in InvestinglyQuestions
What was Certara's revenue in 2025?
$419M in fiscal 2025, from its 10-K filing.
How much free cash flow does Certara generate?
$70M in fiscal 2025 (operating cash flow minus capital spending).
From Certara's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.