Certara (CERT) FY2025 results: revenue $419 million, up 8.7% on the year
Certara, Inc. (CERT) reported revenue of $419 million for fiscal 2025, the year ended 31 December 2025, up 8.7% on the year before. Net income was -$2 million, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.
Revenue
$419 million
+8.7% on the year
FY2019FY2025
Operating margin
5.0%
-0.4% a year earlier
FY2019FY2025
Net income
-$2 million
FY2019FY2025
Diluted EPS
-$0.01
FY2019FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 4 new.
Fourth-quarter revenue grew 3%: Revenue was $103.6 million against $100.4 million a year earlier, up 3% reported and 2% constant currency. Full-year revenue was $418.8 million, up 9% reported and 8% constant currency.
Full-year adjusted EBITDA up 10%: Full-year adjusted EBITDA was $134.5 million, against $122.0 million. Fourth-quarter adjusted EBITDA was $32.5 million, down 3% from $33.5 million.
Software revenue up 10% in quarter: Software revenue was $46.4 million, up 10% reported and 8% constant currency. Growth was attributed to biosimulation software; the third-quarter release had attributed software growth to M&A and biosimulation software.
Software bookings down 6%: Software bookings were $56.1 million, down 6% from $59.7 million, after growing 17% in the third quarter. Full-year software bookings were $184.3 million, against $169.4 million.
Operating expenses rose $7.5 million: Operating expenses were $63.6 million. Employee-related costs rose $7.0 million; equipment and software and professional and consulting costs each rose $0.8 million, partly offset by lower state business taxes.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
96.3
80.5
82.8
+19.7%
Capital expenditure
1.8
1.6
1.8
+8.3%
Free cash flow
94.6
78.8
81.0
+19.9%
Free cash flow margin
22.6%
20.5%
22.9%
Cash from investing
-26.6
-112
-79.5
Cash from financing
-64.0
-21.0
-9.4
Depreciation and amortisation
75.2
68.0
56.1
+10.5%
Share-based compensation
33.1
34.8
28.3
-4.9%
Buybacks
42.6
0.0
0.0
Diluted shares, weighted
160m
160m
159m
+0.0%
Shares outstanding at period end
159m
161m
160m
-1.2%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
1,063
1,059
1,047
+0.4%
Debt
293
295
291
-0.8%
Operating lease liabilities
8.4
11.2
7.0
-24.4%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
192
210
218
-8.4%
Total liabilities and equity
1,557
1,575
1,563
-1.2%
Fixed assets
1.9
2.2
2.7
-14.5%
Goodwill
773
757
716
+2.1%
Intangible assets
447
485
487
-7.8%
Cash and equivalents
189
179
235
+5.7%
Receivables
94.6
90.6
75.4
+4.4%
Other assets
50.0
60.9
46.7
-17.9%
Total assets
1,557
1,575
1,563
-1.2%
10-K for the year ended 31 December 2025, filed 26 February 2026: the filing.