Certara (CERT) Financials

$4.59 +0.03 (+0.66%)

Closing price 04:00 PM Eastern

Extended Trading

$4.68 +0.09 (+2.05%)

As of 06:10 PM Eastern

Annual Income Statements for Certara

This table shows Certara's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-8.93	-49	-13	15	-55	-12	-1.60
Consolidated Net Income / (Loss)	-8.93	-49	-13	15	-55	-12	-1.60
Net Income / (Loss) Continuing Operations	-8.93	-49	-13	15	-55	-12	-1.60
Total Pre-Tax Income	-9.15	-50	-3.38	19	-55	-17	7.62
Total Operating Income	20	-24	14	33	-41	-1.73	21
Total Gross Profit	129	143	174	203	213	231	258
Total Revenue	209	244	286	336	354	385	419
Operating Revenue	209	244	286	336	354	385	419
Total Cost of Revenue	80	101	112	133	141	155	161
Operating Cost of Revenue	80	101	112	133	141	155	161
Total Operating Expenses	109	167	161	171	254	232	237
Selling, General & Admin Expense	48	88	80	72	95	94	85
Marketing Expense	11	19	20	27	32	47	54
Research & Development Expense	12	20	20	28	34	37	41
Depreciation Expense	2.60	2.44	2.14	1.73	46	54	57
Impairment Charge	-	-	0.00	0.00	47	0.00	0.00
Total Other Income / (Expense), net	-29	-26	-17	-14	-14	-15	-13
Interest Expense	28	25	17	18	23	22	20
Other Income / (Expense), net	-0.76	-0.47	-0.12	4.01	8.55	6.07	6.34
Income Tax Expense	-0.23	-0.78	9.89	4.02	0.21	-5.13	9.21
Basic Earnings per Share	($0.07)	($0.37)	($0.09)	$0.09	($0.35)	($0.08)	($0.01)
Weighted Average Basic Shares Outstanding	132.41M	133.25M	149.84M	156.88M	158.94M	160.39M	160.39M
Diluted Earnings per Share	($0.07)	($0.37)	($0.09)	$0.09	($0.35)	($0.08)	($0.01)
Weighted Average Diluted Shares Outstanding	132.41M	133.25M	149.84M	159.35M	158.94M	160.39M	160.39M
Weighted Average Basic & Diluted Shares Outstanding	-	-	159.66M	159.46M	159.86M	161.02M	159.14M

This table shows Certara's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-49	-12	-4.68	-13	-1.37	6.58	4.74	-1.97	1.53	-5.90	-8.76
Consolidated Net Income / (Loss)	-49	-12	-4.68	-13	-1.37	6.58	4.74	-1.97	1.53	-5.90	-8.76
Net Income / (Loss) Continuing Operations	-49	-12	-4.68	-13	-1.37	6.58	4.74	-1.97	1.53	-5.90	-8.76
Total Pre-Tax Income	-54	-12	-5.43	-12	-1.66	2.18	4.54	6.25	-0.27	-2.91	-7.94
Total Operating Income	-53	-8.47	-1.29	-9.04	2.59	6.00	7.62	9.55	3.01	0.84	-4.30
Total Gross Profit	50	54	57	54	58	62	64	64	65	64	65
Total Revenue	86	88	97	93	95	100	106	105	105	104	107
Operating Revenue	86	88	97	93	95	100	106	105	105	104	107
Total Cost of Revenue	36	34	39	40	37	38	42	41	40	39	42
Operating Cost of Revenue	36	34	39	40	37	38	42	41	40	39	42
Total Operating Expenses	102	62	59	63	55	56	57	54	62	64	70
Selling, General & Admin Expense	28	34	23	28	22	21	20	17	25	24	29
Marketing Expense	7.24	8.67	11	12	11	13	13	14	13	14	13
Research & Development Expense	8.98	8.02	12	9.07	8.27	7.77	11	8.97	10	11	12
Depreciation Expense	0.37	0.41	0.43	13	13	0.67	14	14	14	28	15
Total Other Income / (Expense), net	-0.83	-3.92	-4.15	-3.23	-4.26	-3.82	-3.08	-3.30	-3.27	-3.75	-3.64
Interest Expense	5.90	5.87	5.75	5.58	5.19	5.00	4.81	4.80	5.01	5.12	4.94
Other Income / (Expense), net	5.08	1.95	1.60	2.35	0.93	1.18	1.73	1.50	1.74	1.37	1.30
Income Tax Expense	-4.64	0.07	-0.75	0.31	-0.29	-4.40	-0.20	8.22	-1.79	2.99	0.82
Basic Earnings per Share	($0.31)	($0.08)	($0.03)	($0.08)	($0.01)	$0.04	$0.03	($0.01)	$0.01	($0.04)	($0.06)
Weighted Average Basic Shares Outstanding	159.17M	158.94M	159.52M	160.51M	160.64M	160.39M	161.00M	160.92M	160.40M	160.39M	157.75M
Diluted Earnings per Share	($0.31)	($0.08)	($0.03)	($0.08)	($0.01)	$0.04	$0.03	($0.01)	$0.01	($0.04)	($0.06)
Weighted Average Diluted Shares Outstanding	159.17M	158.94M	159.52M	160.51M	160.64M	160.39M	161.35M	160.92M	160.60M	160.39M	157.75M
Weighted Average Basic & Diluted Shares Outstanding	159.84M	159.86M	160.84M	160.89M	160.97M	161.02M	162.23M	160.62M	159.27M	159.14M	155.56M

This table details how cash moves in and out of Certara's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	18	244	-87	53	-4.74	-56	10
Net Cash From Operating Activities	38	45	60	93	83	80	96
Net Cash From Continuing Operating Activities	38	45	60	93	83	80	96
Net Income / (Loss) Continuing Operations	-8.93	-49	-13	15	-55	-12	-1.60
Consolidated Net Income / (Loss)	-8.93	-49	-13	15	-55	-12	-1.60
Depreciation Expense	2.60	2.44	2.14	1.73	56	68	75
Amortization Expense	41	42	45	52	1.53	1.04	0.57
Non-Cash Adjustments To Reconcile Net Income	1.81	64	30	32	78	38	33
Changes in Operating Assets and Liabilities, net	2.04	-15	-2.96	-7.78	2.88	-15	-11
Net Cash From Investing Activities	-9.52	-8.61	-270	-28	-80	-112	-27
Net Cash From Continuing Investing Activities	-9.52	-8.61	-270	-28	-80	-112	-27
Purchase of Property, Plant & Equipment	-9.52	-7.94	-8.90	-13	-15	-21	-27
Acquisitions	0.00	-0.68	-261	-15	-64	-91	0.00
Net Cash From Financing Activities	-8.49	208	123	-7.36	-9.45	-21	-64
Net Cash From Continuing Financing Activities	-8.49	208	123	-7.36	-9.45	-21	-64
Repayment of Debt	-8.44	-124	-6.92	-3.31	-3.05	-3.47	-2.99
Repurchase of Common Equity	-0.70	-3.98	-1.77	-	0.00	0.00	-43
Issuance of Debt	0.00	20	0.09	0.00	0.00	6.31	0.00
Other Financing Activities, net	0.65	0.25	-1.37	-4.05	-6.40	-24	-18
Effect of Exchange Rate Changes	-	-0.88	-0.52	-4.28	1.51	-2.86	4.43
Cash Interest Paid	26	28	14	17	19	23	19
Cash Income Taxes Paid	4.11	12	8.60	10	19	15	12

This table details how cash moves in and out of Certara's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	24	-37	-10	-0.18	8.42	-54	-0.10	-17	10	17	-40
Net Cash From Operating Activities	31	23	4.30	9.81	17	49	17	18	32	29	12
Net Cash From Continuing Operating Activities	31	23	4.30	9.81	17	49	17	18	32	29	12
Net Income / (Loss) Continuing Operations	-49	-12	-4.68	-13	-1.37	6.58	4.74	-1.97	1.53	-5.90	-8.76
Consolidated Net Income / (Loss)	-49	-12	-4.68	-13	-1.37	6.58	4.74	-1.97	1.53	-5.90	-8.76
Depreciation Expense	0.37	0.41	0.43	0.45	0.44	0.67	19	37	19	19	19
Amortization Expense	14	15	16	17	16	18	0.14	-18	0.14	0.14	0.14
Non-Cash Adjustments To Reconcile Net Income	57	8.17	9.16	11	8.99	9.19	6.22	8.32	9.89	8.77	7.61
Changes in Operating Assets and Liabilities, net	8.36	12	-17	-5.32	-7.57	15	-12	-7.48	2.13	6.71	-6.37
Net Cash From Investing Activities	-4.04	-61	-3.58	-6.12	-5.51	-97	-5.77	-6.96	-6.79	-7.03	-6.78
Net Cash From Continuing Investing Activities	-4.04	-61	-3.58	-6.12	-5.51	-97	-5.77	-6.96	-6.79	-7.03	-6.78
Purchase of Property, Plant & Equipment	-4.04	-4.37	-3.58	-6.12	-5.51	-5.84	-5.77	-6.96	-6.79	-7.03	-6.78
Net Cash From Financing Activities	-0.93	-1.25	-10	-3.76	-5.61	-1.30	-14	-31	-14	-4.81	-44
Net Cash From Continuing Financing Activities	-0.93	-1.25	-10	-3.76	-5.61	-1.30	-14	-31	-14	-4.81	-44
Repayment of Debt	-0.76	-0.76	-0.76	-1.22	-0.75	-0.75	-0.75	-0.75	-0.75	-0.74	-0.74
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-14	-3.94	-40
Other Financing Activities, net	-0.17	-0.50	-9.59	-8.84	-4.86	-0.55	-13	-4.94	-0.06	-0.14	-3.00
Effect of Exchange Rate Changes	-2.35	1.61	-0.55	-0.12	2.55	-4.74	2.32	2.99	-0.59	-0.29	-1.08
Cash Interest Paid	5.41	5.42	5.40	7.29	-1.52	12	4.65	4.65	1.16	8.68	4.87
Cash Income Taxes Paid	3.33	6.96	3.64	4.86	3.13	3.03	0.69	5.35	2.73	3.45	2.29

This table presents Certara's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,269	1,512	1,573	1,563	1,575	1,557
Total Current Assets	347	275	342	340	311	315
Cash & Equivalents	271	186	237	235	179	189
Accounts Receivable	54	70	83	85	102	104
Prepaid Expenses	19	19	20	20	29	22
Plant, Property, & Equipment, net	0.00	2.94	2.40	2.67	2.17	1.85
Total Noncurrent Assets	923	1,234	1,228	1,220	1,262	1,240
Goodwill	519	703	718	716	757	773
Intangible Assets	396	512	487	487	485	447
Noncurrent Deferred & Refundable Income Taxes	2.74	4.07	3.70	4.24	3.96	5.24
Other Noncurrent Operating Assets	5.04	15	20	13	16	14
Total Liabilities & Shareholders' Equity	1,269	1,512	1,573	1,563	1,575	1,557
Total Liabilities	447	470	493	516	516	494
Total Current Liabilities	75	92	103	130	146	153
Short-Term Debt	4.68	3.02	3.02	3.02	3.00	2.96
Accounts Payable	6.39	7.46	7.53	5.17	3.50	3.43
Accrued Expenses	31	30	35	57	56	67
Current Deferred Revenue	31	45	52	61	78	75
Other Current Liabilities	2.88	6.42	4.99	4.38	5.31	4.45
Total Noncurrent Liabilities	372	378	390	386	370	340
Long-Term Debt	294	292	290	288	292	290
Noncurrent Deferred Revenue	0.55	1.53	2.82	1.07	1.05	2.35
Noncurrent Deferred & Payable Income Tax Liabilities	76	76	65	51	40	34
Other Noncurrent Operating Liabilities	1.38	8.28	32	46	36	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	822	1,042	1,080	1,047	1,059	1,063
Total Preferred & Common Equity	822	1,042	1,080	1,047	1,059	1,063
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	822	1,042	1,080	1,047	1,059	1,063
Common Stock	886	1,121	1,152	1,180	1,219	1,257
Retained Earnings	-62	-76	-61	-116	-128	-130
Treasury Stock	0.00	-0.04	-3.00	-9.40	-18	-67
Accumulated Other Comprehensive Income / (Loss)	-1.59	-3.93	-8.23	-7.59	-13	2.04

This table presents Certara's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,509	1,567	1,572	1,527	1,542	1,540	1,543	1,561	1,543	1,536	1,500
Total Current Assets	305	348	353	370	328	337	351	300	281	283	271
Cash & Equivalents	211	244	245	272	225	225	233	179	162	173	149
Accounts Receivable	75	82	84	77	81	90	96	93	98	89	96
Prepaid Expenses	17	19	21	21	23	22	22	28	22	22	25
Plant, Property, & Equipment, net	2.61	2.32	2.21	2.13	2.85	2.81	2.55	1.91	1.95	1.85	1.77
Total Noncurrent Assets	1,201	1,216	1,217	1,155	1,211	1,200	1,190	1,259	1,260	1,251	1,228
Goodwill	697	719	722	673	716	716	718	764	772	773	771
Intangible Assets	482	477	474	463	474	463	453	475	469	460	433
Noncurrent Deferred & Refundable Income Taxes	4.16	3.70	3.70	3.70	4.24	4.24	4.24	3.96	3.96	3.96	11
Other Noncurrent Operating Assets	18	17	18	15	18	17	14	15	15	14	13
Total Liabilities & Shareholders' Equity	1,509	1,567	1,572	1,527	1,542	1,540	1,543	1,561	1,543	1,536	1,500
Total Liabilities	454	482	475	475	488	496	490	477	473	471	483
Total Current Liabilities	77	94	103	105	101	129	123	108	130	136	144
Short-Term Debt	3.02	3.02	3.02	3.02	3.02	3.00	3.00	3.00	3.00	3.00	2.96
Accounts Payable	3.00	4.33	3.79	5.26	3.73	4.80	2.49	5.07	5.48	3.46	3.69
Accrued Expenses	27	30	39	45	33	56	53	23	47	60	57
Current Deferred Revenue	40	52	53	48	57	61	59	72	70	65	76
Other Current Liabilities	3.52	4.81	4.65	4.45	4.33	4.72	4.58	4.54	4.32	4.18	3.70
Total Noncurrent Liabilities	378	388	372	370	387	367	367	369	342	336	339
Long-Term Debt	290	290	289	289	288	294	293	292	291	291	290
Noncurrent Deferred Revenue	1.88	2.78	2.06	1.24	1.44	1.19	1.18	1.28	0.98	0.86	3.10
Noncurrent Deferred & Payable Income Tax Liabilities	76	63	55	46	46	38	38	39	37	31	35
Other Noncurrent Operating Liabilities	9.93	33	26	33	52	35	35	36	14	13	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,054	1,085	1,097	1,052	1,054	1,043	1,053	1,084	1,071	1,065	1,017
Total Preferred & Common Equity	1,054	1,085	1,097	1,052	1,054	1,043	1,053	1,084	1,071	1,065	1,017
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,054	1,085	1,097	1,052	1,054	1,043	1,053	1,084	1,071	1,065	1,017
Common Stock	1,145	1,160	1,164	1,173	1,193	1,203	1,211	1,231	1,240	1,249	1,265
Retained Earnings	-70	-60	-55	-104	-121	-133	-135	-124	-126	-124	-139
Treasury Stock	-2.86	-8.42	-8.76	-9.32	-11	-17	-18	-18	-48	-62	-107
Accumulated Other Comprehensive Income / (Loss)	-18	-7.32	-3.17	-7.71	-7.04	-8.33	-5.01	-5.27	4.95	1.95	-1.87

This table displays calculated financial ratios and metrics derived from Certara's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	16.79%	17.48%	17.32%	5.57%	8.70%	8.75%
EBITDA Growth	0.00%	-68.70%	210.03%	50.63%	-71.98%	189.32%	40.43%
EBIT Growth	0.00%	-231.99%	154.10%	171.34%	-188.23%	113.45%	530.86%
NOPAT Growth	0.00%	-224.51%	155.61%	168.73%	-211.74%	95.75%	-263.24%
Net Income Growth	0.00%	-453.41%	73.14%	211.04%	-475.79%	78.23%	86.76%
EPS Growth	0.00%	-428.57%	75.68%	200.00%	-488.89%	77.14%	87.50%
Operating Cash Flow Growth	0.00%	17.84%	34.76%	53.25%	-10.58%	-2.77%	19.71%
Free Cash Flow Firm Growth	0.00%	0.00%	66.13%	114.53%	-96.91%	-6,507.99%	105.48%
Invested Capital Growth	0.00%	0.00%	35.67%	-1.48%	-2.64%	7.52%	-0.72%
Revenue Q/Q Growth	0.00%	0.00%	3.89%	3.48%	0.39%	3.31%	0.79%
EBITDA Q/Q Growth	0.00%	0.00%	814.05%	7.33%	-35.55%	29.78%	-3.82%
EBIT Q/Q Growth	0.00%	0.00%	135.26%	19.81%	-94.81%	146.31%	-15.39%
NOPAT Q/Q Growth	0.00%	0.00%	131.30%	473.11%	-94.84%	89.32%	-119.64%
Net Income Q/Q Growth	0.00%	0.00%	77.13%	455.65%	-64.13%	61.23%	-114.66%
EPS Q/Q Growth	0.00%	0.00%	79.07%	325.00%	-66.67%	60.00%	-114.29%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	15.60%	18.81%	-12.81%	47.85%	-17.58%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	114.58%	-97.28%	-48.53%	108.55%
Invested Capital Q/Q Growth	0.00%	0.00%	35.46%	-0.10%	2.99%	6.24%	-1.61%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	61.74%	58.62%	60.99%	60.50%	60.20%	59.88%	61.53%
EBITDA Margin	29.71%	7.96%	21.01%	26.97%	7.16%	19.06%	24.61%
Operating Margin	9.41%	-10.03%	4.75%	9.69%	-11.51%	-0.45%	5.02%
EBIT Margin	9.04%	-10.22%	4.71%	10.88%	-9.10%	1.13%	6.53%
Profit (Net Income) Margin	-4.28%	-20.28%	-4.64%	4.39%	-15.62%	-3.13%	-0.38%
Tax Burden Percent	97.54%	98.44%	393.07%	78.54%	100.39%	70.13%	-20.94%
Interest Burden Percent	-48.54%	201.65%	-25.07%	51.34%	171.11%	-396.31%	27.84%
Effective Tax Rate	0.00%	0.00%	0.00%	21.46%	0.00%	0.00%	120.94%
Return on Invested Capital (ROIC)	0.00%	-4.03%	0.95%	2.24%	-2.55%	-0.11%	-0.38%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-257.50%	-33.13%	-11.16%	-51.48%	-11.91%	2.18%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-7.98%	-2.38%	-0.85%	-2.65%	-1.04%	0.23%
Return on Equity (ROE)	0.00%	-12.02%	-1.42%	1.39%	-5.21%	-1.14%	-0.15%
Cash Return on Invested Capital (CROIC)	0.00%	-204.03%	-29.32%	3.73%	0.12%	-7.35%	0.34%
Operating Return on Assets (OROA)	0.00%	-1.96%	0.97%	2.37%	-2.06%	0.28%	1.75%
Return on Assets (ROA)	0.00%	-3.89%	-0.95%	0.96%	-3.53%	-0.77%	-0.10%
Return on Common Equity (ROCE)	0.00%	-12.02%	-1.42%	1.39%	-5.21%	-1.14%	-0.15%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-6.01%	-1.27%	1.36%	-5.29%	-1.14%	0.00%
Net Operating Profit after Tax (NOPAT)	14	-17	9.51	26	-29	-1.21	-4.40
NOPAT Margin	6.58%	-7.02%	3.32%	7.61%	-8.06%	-0.31%	-1.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	253.47%	34.08%	13.39%	48.93%	11.80%	-2.55%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.86%	-2.13%	-0.09%	-0.32%
Cost of Revenue to Revenue	38.26%	41.38%	39.01%	39.50%	39.80%	40.12%	38.47%
SG&A Expenses to Revenue	22.98%	36.33%	27.80%	21.38%	26.92%	24.46%	20.39%
R&D to Revenue	5.58%	8.07%	7.12%	8.40%	9.64%	9.63%	9.80%
Operating Expenses to Revenue	52.34%	68.65%	56.24%	50.81%	71.71%	60.33%	56.51%
Earnings before Interest and Taxes (EBIT)	19	-25	13	37	-32	4.34	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	19	60	91	25	73	103
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.19	4.36	2.38	2.69	1.62	1.32
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.20	4.02	15.86	7.64	7.94	4.45	3.35
Price to Earnings (P/E)	0.00	0.00	0.00	174.19	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.57%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.19	4.04	2.31	2.60	1.55	1.29
Enterprise Value to Revenue (EV/Rev)	0.00	4.13	16.24	7.80	8.09	4.78	3.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	51.85	77.30	28.93	113.04	25.09	14.62
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	345.14	71.71	0.00	424.77	55.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	488.80	102.54	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	22.43	76.94	28.30	34.66	22.89	15.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	61.55	2,183.94	0.00	376.76
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.36	0.28	0.27	0.28	0.29	0.28
Long-Term Debt to Equity	0.00	0.36	0.28	0.27	0.28	0.29	0.27
Financial Leverage	0.00	0.03	0.07	0.08	0.05	0.09	0.10
Leverage Ratio	0.00	1.54	1.49	1.45	1.47	1.49	1.48
Compound Leverage Factor	0.00	3.11	-0.37	0.75	2.52	-5.91	0.41
Debt to Total Capital	0.00%	26.66%	22.05%	21.35%	21.77%	22.46%	21.62%
Short-Term Debt to Total Capital	0.00%	0.42%	0.23%	0.22%	0.23%	0.22%	0.22%
Long-Term Debt to Total Capital	0.00%	26.24%	21.83%	21.13%	21.54%	22.24%	21.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	73.34%	77.95%	78.65%	78.23%	77.54%	78.38%
Debt to EBITDA	0.00	15.41	4.90	3.24	11.48	4.18	2.84
Net Debt to EBITDA	0.00	1.31	1.80	0.59	2.22	1.74	1.01
Long-Term Debt to EBITDA	0.00	15.17	4.85	3.20	11.36	4.14	2.81
Debt to NOPAT	0.00	-17.48	31.01	11.47	-10.20	-253.03	-66.59
Net Debt to NOPAT	0.00	-1.49	11.38	2.09	-1.97	-105.15	-23.56
Long-Term Debt to NOPAT	0.00	-17.20	30.69	11.35	-10.10	-250.55	-65.92
Altman Z-Score	0.00	1.63	6.09	3.54	3.48	2.26	2.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	4.60	2.98	3.32	2.62	2.13	2.05
Quick Ratio	0.00	4.32	2.77	3.09	2.46	1.93	1.91
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-865	-293	43	1.31	-84	4.00
Operating Cash Flow to CapEx	399.55%	564.57%	678.36%	738.63%	542.02%	382.42%	362.72%
Free Cash Flow to Firm to Interest Expense	0.00	-34.18	-17.39	2.39	0.06	-3.91	0.20
Operating Cash Flow to Interest Expense	1.36	1.77	3.59	5.21	3.61	3.74	4.88
Operating Cash Flow Less CapEx to Interest Expense	1.02	1.46	3.06	4.50	2.95	2.76	3.53
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.19	0.21	0.22	0.23	0.25	0.27
Accounts Receivable Turnover	0.00	4.50	4.63	4.41	4.23	4.12	4.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	125.83	139.78	159.25	208.38
Accounts Payable Turnover	0.00	15.76	16.12	17.69	22.20	35.63	46.51
Days Sales Outstanding (DSO)	0.00	81.07	78.87	82.72	86.24	88.63	89.64
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	23.16	22.65	20.64	16.44	10.24	7.85
Cash Conversion Cycle (CCC)	0.00	57.91	56.22	62.09	69.80	78.39	81.79
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	848	1,150	1,133	1,103	1,186	1,166
Invested Capital Turnover	0.00	0.57	0.29	0.29	0.32	0.34	0.36
Increase / (Decrease) in Invested Capital	0.00	848	302	-17	-30	83	-8.40
Enterprise Value (EV)	0.00	1,005	4,646	2,619	2,868	1,842	1,507
Market Capitalization	668	980	4,538	2,566	2,812	1,714	1,403
Book Value per Share	$0.00	$6.17	$6.52	$6.76	$6.55	$6.60	$6.67
Tangible Book Value per Share	$0.00	($0.70)	($1.09)	($0.78)	($0.98)	($1.14)	($0.99)
Total Capital	0.00	1,121	1,337	1,373	1,338	1,365	1,356
Total Debt	0.00	299	295	293	291	307	293
Total Long-Term Debt	0.00	294	292	290	288	304	290
Net Debt	0.00	25	108	53	56	127	104
Capital Expenditures (CapEx)	9.52	7.94	8.90	13	15	21	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	2.63	-1.10	2.43	-22	-11	-25
Debt-free Net Working Capital (DFNWC)	0.00	276	186	242	213	168	165
Net Working Capital (NWC)	0.00	271	183	239	210	165	162
Net Nonoperating Expense (NNE)	23	32	23	11	27	11	-2.81
Net Nonoperating Obligations (NNO)	0.00	25	108	53	56	127	104
Total Depreciation and Amortization (D&A)	43	44	47	54	58	69	76
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	1.08%	-0.39%	0.72%	-6.14%	-2.96%	-5.90%
Debt-free Net Working Capital to Revenue	0.00%	113.30%	64.84%	72.13%	60.17%	43.56%	39.32%
Net Working Capital to Revenue	0.00%	111.38%	63.79%	71.23%	59.32%	42.78%	38.61%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.09)	$0.09	($0.35)	($0.08)	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	149.84M	156.88M	158.94M	160.39M	160.39M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.09)	$0.09	($0.35)	($0.08)	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	149.84M	159.35M	158.94M	160.39M	160.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	159.66M	159.46M	159.86M	161.02M	159.14M
Normalized Net Operating Profit after Tax (NOPAT)	14	-17	9.51	26	4.35	-1.21	15
Normalized NOPAT Margin	6.58%	-7.02%	3.32%	7.61%	1.23%	-0.31%	3.51%
Pre Tax Income Margin	-4.39%	-20.61%	-1.18%	5.59%	-15.56%	-4.46%	1.82%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.67	-0.98	0.80	2.06	-1.41	0.20	1.39
NOPAT to Interest Expense	0.49	-0.68	0.56	1.44	-1.25	-0.06	-0.22
EBIT Less CapEx to Interest Expense	0.33	-1.30	0.27	1.35	-2.07	-0.78	0.04
NOPAT Less CapEx to Interest Expense	0.15	-0.99	0.04	0.73	-1.91	-1.03	-1.57
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-7.88%	-8.06%	-13.32%	0.00%	0.00%	0.00%	-2,671.47%

This table displays calculated financial ratios and metrics derived from Certara's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	159,139,562.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	159,139,562.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.03%	1.59%	7.04%	3.17%	10.80%	14.03%	9.67%	12.06%	10.33%	3.28%	0.86%
EBITDA Growth	-221.14%	-61.67%	-21.63%	-63.26%	161.73%	193.61%	64.12%	192.13%	14.92%	-16.03%	-42.28%
EBIT Growth	-447.86%	-171.04%	-96.01%	-147.63%	107.39%	210.29%	2,848.90%	265.19%	34.54%	-69.25%	-132.11%
NOPAT Growth	-834.20%	-121.15%	-122.02%	-186.44%	104.91%	405.57%	983.60%	52.48%	15.84%	-96.77%	-137.84%
Net Income Growth	-1,344.03%	-235.78%	-444.85%	-367.19%	97.20%	152.80%	201.28%	84.35%	211.23%	-189.63%	-284.76%
EPS Growth	-1,650.00%	-233.33%	-400.00%	-366.67%	96.77%	150.00%	200.00%	87.50%	200.00%	-200.00%	-300.00%
Operating Cash Flow Growth	30.91%	-34.27%	-56.85%	-45.65%	-45.93%	111.65%	303.91%	81.80%	90.23%	-41.63%	-32.61%
Free Cash Flow Firm Growth	109.28%	-46.87%	100.81%	88.00%	-267.34%	-370.92%	-886.74%	-566.97%	-54.25%	116.75%	151.57%
Invested Capital Growth	-5.55%	-2.64%	-0.89%	-2.24%	4.23%	7.52%	7.11%	7.80%	6.20%	-0.72%	-3.33%
Revenue Q/Q Growth	-5.39%	2.84%	9.82%	-3.46%	1.62%	5.84%	5.62%	-1.35%	0.04%	-0.93%	3.15%
EBITDA Q/Q Growth	-218.52%	126.25%	96.84%	-40.00%	99.12%	24.85%	10.03%	6.80%	-21.67%	-8.78%	-24.37%
EBIT Q/Q Growth	-439.57%	86.35%	104.87%	-2,210.73%	152.70%	103.74%	30.12%	18.24%	-57.08%	-53.44%	-235.90%
NOPAT Q/Q Growth	-604.66%	83.96%	84.80%	-602.49%	128.69%	897.41%	-56.05%	-137.78%	169.95%	-72.18%	-614.71%
Net Income Q/Q Growth	-1,140.48%	74.56%	62.40%	-168.50%	89.10%	579.72%	-27.89%	-141.49%	177.49%	-486.56%	-48.65%
EPS Q/Q Growth	-1,133.33%	74.19%	62.50%	-166.67%	87.50%	500.00%	-25.00%	-133.33%	200.00%	-500.00%	-50.00%
Operating Cash Flow Q/Q Growth	73.96%	-25.75%	-81.58%	128.45%	73.09%	190.63%	-64.85%	2.82%	81.11%	-10.82%	-59.42%
Free Cash Flow Firm Q/Q Growth	153.54%	-7.95%	-61.94%	111.62%	-325.69%	-49.03%	-10.54%	-25.61%	25.45%	113.39%	311.21%
Invested Capital Q/Q Growth	-6.13%	2.99%	1.56%	-0.44%	0.09%	6.24%	1.17%	0.21%	-1.40%	-1.61%	-0.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.08%	61.29%	59.39%	57.34%	60.78%	61.87%	60.83%	61.06%	62.03%	62.21%	61.07%
EBITDA Margin	-38.73%	9.89%	17.72%	11.01%	21.58%	25.45%	26.51%	28.70%	22.48%	20.69%	15.17%
Operating Margin	-61.68%	-9.62%	-1.33%	-9.69%	2.74%	5.98%	7.19%	9.13%	2.87%	0.81%	-4.02%
EBIT Margin	-55.75%	-7.40%	0.33%	-7.17%	3.72%	7.16%	8.82%	10.57%	4.53%	2.13%	-2.81%
Profit (Net Income) Margin	-57.22%	-14.15%	-4.85%	-13.48%	-1.45%	6.55%	4.47%	-1.88%	1.46%	-5.69%	-8.20%
Tax Burden Percent	91.34%	100.58%	86.18%	102.49%	82.54%	301.70%	104.43%	-31.48%	-571.16%	202.58%	110.32%
Interest Burden Percent	112.37%	190.11%	-1,714.20%	183.37%	-47.11%	30.35%	48.59%	56.55%	-5.63%	-131.73%	264.59%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-201.70%	-4.43%	131.48%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-13.82%	-2.13%	-0.30%	-2.19%	0.65%	6.07%	2.55%	-1.01%	0.73%	0.20%	-1.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-38.09%	-14.05%	-7.09%	-12.95%	-7.08%	-6.49%	-0.99%	0.01%	0.10%	-5.69%	-5.45%
Return on Net Nonoperating Assets (RNNOA)	-1.79%	-0.72%	-0.37%	-0.70%	-0.28%	-0.57%	-0.08%	0.00%	0.01%	-0.59%	-0.67%
Return on Equity (ROE)	-15.61%	-2.86%	-0.67%	-2.89%	0.38%	5.51%	2.47%	-1.01%	0.73%	-0.39%	-1.67%
Cash Return on Invested Capital (CROIC)	4.38%	0.12%	-2.19%	-2.17%	-5.18%	-7.35%	-6.43%	-5.94%	-4.06%	0.34%	3.93%
Operating Return on Assets (OROA)	-12.96%	-1.67%	0.08%	-1.68%	0.90%	1.76%	2.24%	2.78%	1.22%	0.57%	-0.77%
Return on Assets (ROA)	-13.31%	-3.20%	-1.12%	-3.15%	-0.35%	1.61%	1.14%	-0.50%	0.39%	-1.52%	-2.25%
Return on Common Equity (ROCE)	-15.61%	-2.86%	-0.67%	-2.89%	0.38%	5.51%	2.47%	-1.01%	0.73%	-0.39%	-1.67%
Return on Equity Simple (ROE_SIMPLE)	-3.21%	0.00%	-5.82%	-7.54%	-2.95%	0.00%	-0.24%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-37	-5.93	-0.90	-6.33	1.82	18	7.96	-3.01	2.10	0.59	-3.01
NOPAT Margin	-43.18%	-6.73%	-0.93%	-6.78%	1.92%	18.05%	7.51%	-2.88%	2.01%	0.56%	-2.82%
Net Nonoperating Expense Percent (NNEP)	24.27%	11.91%	6.79%	10.77%	7.74%	12.56%	3.54%	-1.02%	0.63%	5.89%	4.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.44%	-	-	-	1.33%	0.58%	-0.22%	0.15%	0.04%	-0.23%
Cost of Revenue to Revenue	41.92%	38.71%	40.61%	42.66%	39.22%	38.13%	39.17%	38.94%	37.97%	37.79%	38.93%
SG&A Expenses to Revenue	32.44%	38.19%	23.77%	30.08%	23.23%	21.07%	18.54%	16.43%	23.56%	23.05%	27.48%
R&D to Revenue	10.49%	9.11%	12.41%	9.72%	8.72%	7.74%	9.93%	8.58%	9.81%	10.88%	11.49%
Operating Expenses to Revenue	119.76%	70.91%	60.72%	67.03%	58.04%	55.89%	53.64%	51.93%	59.16%	61.40%	65.10%
Earnings before Interest and Taxes (EBIT)	-48	-6.51	0.32	-6.69	3.53	7.18	9.35	11	4.74	2.21	-3.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-33	8.70	17	10	20	26	28	30	24	21	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.21	2.69	2.71	2.14	1.79	1.62	1.47	1.77	1.84	1.32	0.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.58	7.94	7.92	6.13	5.05	4.45	4.04	4.68	4.72	3.35	2.16
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	237.83	180.46	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	0.55%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.19	2.60	2.61	2.06	1.74	1.55	1.42	1.69	1.76	1.29	0.91
Enterprise Value to Revenue (EV/Rev)	6.64	8.09	8.11	6.33	5.22	4.78	4.33	5.00	5.01	3.60	2.50
Enterprise Value to EBITDA (EV/EBITDA)	59.50	113.04	141.64	778.25	34.42	25.09	20.26	19.50	19.44	14.62	11.51
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	424.77	127.91	65.25	64.45	55.09	69.99
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	340.24	111.64	92.96	0.00	165.03
Enterprise Value to Operating Cash Flow (EV/OCF)	24.68	34.66	37.93	33.40	35.78	22.89	18.28	19.99	17.83	15.64	11.58
Enterprise Value to Free Cash Flow (EV/FCFF)	48.51	2,183.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	376.76	22.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.28	0.28	0.28	0.28	0.29	0.27	0.27	0.28	0.28	0.29
Long-Term Debt to Equity	0.27	0.28	0.27	0.28	0.28	0.29	0.27	0.27	0.27	0.27	0.28
Financial Leverage	0.05	0.05	0.05	0.05	0.04	0.09	0.09	0.10	0.09	0.10	0.12
Leverage Ratio	1.44	1.47	1.45	1.45	1.46	1.49	1.45	1.46	1.45	1.48	1.46
Compound Leverage Factor	1.62	2.80	-24.91	2.67	-0.69	0.45	0.71	0.82	-0.08	-1.94	3.85
Debt to Total Capital	21.71%	21.77%	21.62%	22.14%	21.94%	22.46%	21.38%	21.55%	21.61%	21.62%	22.33%
Short-Term Debt to Total Capital	0.22%	0.23%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.23%
Long-Term Debt to Total Capital	21.49%	21.54%	21.39%	21.92%	21.72%	22.24%	21.16%	21.34%	21.39%	21.40%	22.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.29%	78.23%	78.38%	77.86%	78.06%	77.54%	78.62%	78.45%	78.39%	78.38%	77.67%
Debt to EBITDA	7.41	11.48	14.09	100.40	5.23	4.18	3.49	2.83	2.74	2.84	3.21
Net Debt to EBITDA	0.49	2.22	3.20	24.39	1.11	1.74	1.37	1.27	1.13	1.01	1.57
Long-Term Debt to EBITDA	7.33	11.36	13.94	99.39	5.18	4.14	3.46	2.80	2.71	2.81	3.17
Debt to NOPAT	-19.91	-10.20	-8.39	-5.92	-26.11	-253.03	58.66	16.18	13.10	-66.59	45.96
Net Debt to NOPAT	-1.32	-1.97	-1.91	-1.44	-5.56	-105.15	23.03	7.25	5.39	-23.56	22.47
Long-Term Debt to NOPAT	-19.71	-10.10	-8.31	-5.86	-25.84	-250.55	58.07	16.01	12.96	-65.92	45.50
Altman Z-Score	3.17	3.54	3.82	2.96	2.61	2.26	2.32	2.70	2.78	1.99	1.37
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.51	2.62	3.26	2.61	2.86	2.13	2.78	2.16	2.09	2.05	1.88
Quick Ratio	3.31	2.46	3.04	2.44	2.68	1.93	2.52	1.99	1.93	1.91	1.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	26	24	9.11	19	-43	-65	-72	-90	-67	8.99	37
Operating Cash Flow to CapEx	777.38%	533.90%	120.07%	160.39%	308.41%	845.94%	300.52%	256.31%	475.77%	409.97%	172.45%
Free Cash Flow to Firm to Interest Expense	4.40	4.08	1.58	3.46	-8.39	-12.96	-14.91	-18.74	-13.39	1.76	7.48
Operating Cash Flow to Interest Expense	5.32	3.97	0.75	1.76	3.27	9.87	3.61	3.72	6.45	5.63	2.37
Operating Cash Flow Less CapEx to Interest Expense	4.64	3.23	0.12	0.66	2.21	8.70	2.41	2.27	5.09	4.26	0.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.23	0.23	0.23	0.24	0.25	0.25	0.26	0.27	0.27	0.27
Accounts Receivable Turnover	4.66	4.23	4.42	4.17	4.32	4.12	4.52	4.32	4.49	4.07	4.43
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	149.09	139.78	139.72	145.10	159.32	159.25	165.76	170.63	188.89	208.38	228.00
Accounts Payable Turnover	33.60	22.20	36.09	34.69	38.79	35.63	35.63	30.68	53.85	46.51	36.81
Days Sales Outstanding (DSO)	78.26	86.24	82.65	87.51	84.45	88.63	80.67	84.51	81.25	89.64	82.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.86	16.44	10.11	10.52	9.41	10.24	10.24	11.90	6.78	7.85	9.91
Cash Conversion Cycle (CCC)	67.40	69.80	72.54	76.99	75.04	78.39	70.43	72.61	74.47	81.79	72.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,071	1,103	1,120	1,115	1,116	1,186	1,200	1,202	1,186	1,166	1,160
Invested Capital Turnover	0.32	0.32	0.32	0.32	0.34	0.34	0.34	0.35	0.36	0.36	0.36
Increase / (Decrease) in Invested Capital	-63	-30	-10	-26	45	83	80	87	69	-8.40	-40
Enterprise Value (EV)	2,343	2,868	2,924	2,300	1,947	1,842	1,710	2,030	2,084	1,507	1,050
Market Capitalization	2,323	2,812	2,858	2,228	1,884	1,714	1,594	1,898	1,963	1,403	907
Book Value per Share	$6.58	$6.55	$6.60	$6.49	$6.55	$6.60	$6.73	$6.60	$6.63	$6.67	$6.39
Tangible Book Value per Share	($0.53)	($0.98)	($0.84)	($0.84)	($0.74)	($1.14)	($0.97)	($1.05)	($1.04)	($0.99)	($1.17)
Total Capital	1,343	1,338	1,345	1,340	1,349	1,365	1,379	1,365	1,358	1,356	1,310
Total Debt	292	291	291	297	296	307	295	294	294	293	292
Total Long-Term Debt	289	288	288	294	293	304	292	291	291	290	290
Net Debt	19	56	66	72	63	127	116	132	121	104	143
Capital Expenditures (CapEx)	4.04	4.37	3.58	6.12	5.51	5.84	5.77	6.96	6.79	7.03	6.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.94	-22	6.07	-14	-2.12	-11	16	-8.31	-22	-25	-20
Debt-free Net Working Capital (DFNWC)	267	213	231	211	231	168	195	154	151	165	129
Net Working Capital (NWC)	264	210	228	208	228	165	192	151	148	162	126
Net Nonoperating Expense (NNE)	12	6.53	3.78	6.25	3.19	12	3.22	-1.04	0.58	6.48	5.75
Net Nonoperating Obligations (NNO)	19	56	66	72	63	127	116	132	121	104	143
Total Depreciation and Amortization (D&A)	15	15	17	17	17	18	19	19	19	19	19
Debt-free, Cash-free Net Working Capital to Revenue	-1.40%	-6.14%	1.68%	-3.75%	-0.57%	-2.96%	4.06%	-2.05%	-5.28%	-5.90%	-4.78%
Debt-free Net Working Capital to Revenue	75.75%	60.17%	64.00%	58.03%	61.94%	43.56%	49.45%	37.94%	36.29%	39.32%	30.83%
Net Working Capital to Revenue	74.90%	59.32%	63.16%	57.20%	61.13%	42.78%	48.69%	37.20%	35.56%	38.61%	30.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.08)	($0.03)	($0.08)	($0.01)	$0.04	$0.03	($0.01)	$0.01	($0.04)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	159.17M	158.94M	159.52M	160.51M	160.64M	160.39M	161.00M	160.92M	160.40M	160.39M	157.75M
Adjusted Diluted Earnings per Share	($0.31)	($0.08)	($0.03)	($0.08)	($0.01)	$0.04	$0.03	($0.01)	$0.01	($0.04)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	159.17M	158.94M	159.52M	160.51M	160.64M	160.39M	161.35M	160.92M	160.60M	160.39M	157.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	159.84M	159.86M	160.84M	160.89M	160.97M	161.02M	162.23M	160.62M	159.27M	159.14M	155.56M
Normalized Net Operating Profit after Tax (NOPAT)	-4.06	-5.93	-0.90	-6.33	1.82	4.20	5.34	6.69	2.10	0.59	-3.01
Normalized NOPAT Margin	-4.74%	-6.73%	-0.93%	-6.78%	1.92%	4.19%	5.03%	6.39%	2.01%	0.56%	-2.82%
Pre Tax Income Margin	-62.64%	-14.07%	-5.62%	-13.15%	-1.75%	2.17%	4.28%	5.98%	-0.26%	-2.81%	-7.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.08	-1.11	0.06	-1.20	0.68	1.44	1.95	2.30	0.95	0.43	-0.61
NOPAT to Interest Expense	-6.26	-1.01	-0.16	-1.13	0.35	3.62	1.66	-0.63	0.42	0.11	-0.61
EBIT Less CapEx to Interest Expense	-8.77	-1.85	-0.57	-2.30	-0.38	0.27	0.74	0.85	-0.41	-0.94	-1.98
NOPAT Less CapEx to Interest Expense	-6.94	-1.75	-0.78	-2.23	-0.71	2.45	0.45	-2.08	-0.94	-1.26	-1.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,671.47%	-547.05%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven read on Certara, Inc. (CERT) using the quarterly statements from 2022 through 2025. The focus is on trends in revenue, profitability, cash flow, and the balance sheet to help retail investors gauge the company’s momentum and potential risks.

Revenue growth trend: Operating revenue rose from about $86.6 million in 2022 Q4 to about $103.6 million in 2025 Q4, indicating multi-year top-line growth despite quarterly fluctuations.
Gross margin stability: Gross margin stayed in the mid-60% range across the period (roughly 62%–64%), suggesting relatively stable pricing and cost of revenue control over time.
Solid quarterly operating cash flow in recent periods: Positive net cash from continuing operating activities in several quarters, including 2025 Q4 (~$28.8 million) and 2025 Q3 (~$32.3 million), indicating meaningful cash generation from core operations.
Free cash flow generation in the latest quarter: In 2025 Q4, after capex of about $7.0 million, estimated free cash flow was around $21.8 million, highlighting a positive cash-after-capital requirement dynamic in the period.
Debt levels relatively steady: Long-term debt has hovered around $290–293 million in 2024–2025, implying manageable leverage without a clear, accelerating debt burden.
Cash position has fluctuated lower in 2025 vs. 2024: Cash and cash equivalents declined from roughly $233 million (2024 period) to about $173 million (2025 Q3), which could reflect increased working capital needs or investable cash in the period.
Asset base includes substantial goodwill and intangibles: Goodwill (~$773 million) and intangible assets (~$459 million) were large on the balance sheet, indicating a heavy acquisition-led asset base with potential impairment risk if future performance weakens.
Quarterly earnings exhibit volatility and occasional losses: Net income has been uneven; 2025 Q4 shows a net loss of about $5.9 million, even as other quarters were modestly profitable, signaling earnings quality risk tied to financing/tax items and operating costs.
Financing outflows in multiple periods: Net cash from financing activities was negative in several periods (e.g., 2025 Q4), reflecting debt servicing and potential share repurchases, which can pressure near-term liquidity and equity capital dynamics.

05/19/26 06:22 PM ETAI Generated. May Contain Errors.

Certara Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Certara's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Certara's net income appears to be on a downward trend, with a most recent value of -$1.60 million in 2025, falling from -$8.93 million in 2019. The previous period was -$12.05 million in 2024. See Certara's forecast for analyst expectations on what's next for the company.

Certara's total operating income in 2025 was $21.02 million, based on the following breakdown:

Total Gross Profit: $257.71 million
Total Operating Expenses: $236.70 million

Over the last 6 years, Certara's total revenue changed from $208.51 million in 2019 to $418.84 million in 2025, a change of 100.9%.

Certara's total liabilities were at $493.79 million at the end of 2025, a 4.4% decrease from 2024, and a 10.4% increase since 2020.

In the past 5 years, Certara's cash and equivalents has ranged from $179.18 million in 2024 to $271.38 million in 2020, and is currently $189.39 million as of their latest financial filing in 2025.

Over the last 6 years, Certara's book value per share changed from 0.00 in 2019 to 6.67 in 2025, a change of 667.3%.

Related Companies

Financial statements for NASDAQ:CERT last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Certara (CERT) Financials

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Certara (CERT) Financials

Annual Income Statements for Certara

Quarterly Income Statements for Certara

Annual Cash Flow Statements for Certara

Quarterly Cash Flow Statements for Certara

Annual Balance Sheets for Certara

Quarterly Balance Sheets for Certara

Annual Metrics And Ratios for Certara

Quarterly Metrics And Ratios for Certara

Financials Breakdown Chart

Key Financial Trends

Certara Financials - Frequently Asked Questions

When does Certara's fiscal year end?

How has Certara's net income changed over the last 6 years?

What is Certara's operating income?

How has Certara's revenue changed over the last 6 years?

How much debt does Certara have?

How much cash does Certara have?

How has Certara's book value per share changed over the last 6 years?

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