Certara, Inc. (CERT) Balance Sheet
CERT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.56B assets = $493.8M liabilities + $1.06B equity
Both columns are drawn to the same scale: what CERT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CERT financial health
Descriptive bands, not a rating. Fiscal 2025.
CERT balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.05B2018 | $1.56B2025 | +5.8%/yr | |
| Total liabilities | $558.7M2018 | $493.8M2025 | −1.7%/yr | |
| Shareholders’ equity | $492.8M2018 | $1.06B2025 | +11.6%/yr | |
| Cash & short-term investments | $11.7M2018 | $189.4M2025 | +48.9%/yr | |
| Total debt | $408.3M2018 | $11.4M2025 | −40.0%/yr | |
| Net cash (debt) | −$396.6M2018 | $178.0M2025 | +$574.6M | |
| Working capital | $3.5M2018 | $161.7M2025 | +$158.3M | |
| Book value per share | $3.722018 | $6.632025 | +8.6%/yr | |
| Current ratio | 1.052018 | 2.052025 | +1.00 | |
| Debt / equity | 0.832018 | 0.012025 | −0.82 | |
| Shares outstanding | 132.4M2018 | 160.4M2025 | +2.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CERT assets
CERT liabilities and equity
CERT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CERT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $189.4M | $179.2M | $235.0M | $236.6M | $185.8M | $271.4M | $29.3M | $11.7M |
| Cash & equivalents | $189.4M | $179.2M | $235.0M | $236.6M | $185.8M | $271.4M | $29.3M | $11.7M |
| Short-term investments | — | — | $4.5M | $4.6M | $57,000 | — | — | $1.5M |
| Receivables | $116.3M | $119.1M | $93.3M | $88.8M | $78.3M | $64.8M | $52.4M | $49.9M |
| Inventory | $0 | $1 | −$4.5M | $3.1M | $827,000 | $1.9M | $4.3M | $5.5M |
| Other current assets | $9.5M | $12.6M | $16.5M | $13.8M | $9.8M | $8.5M | $1.6M | $1.8M |
| Total current assets | $315.1M | $310.9M | $340.2M | $342.3M | $274.7M | $346.6M | $87.5M | $68.9M |
| Property, plant & equipment (net) | $13.8M | $16.0M | $12.3M | $16.8M | $15.6M | $3.9M | $4.6M | $5.4M |
| Goodwill & intangible assets | $1.22B | $1.24B | $1.20B | $1.20B | $1.22B | $915.0M | $943.0M | $973.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.9M | $6.0M | $7.3M | $9.3M | $6.2M | $3.9M | $1.9M | $3.3M |
| Total assets | $1.56B | $1.58B | $1.56B | $1.57B | $1.51B | $1.27B | $1.04B | $1.05B |
| Liabilities | ||||||||
| Accounts payable | $3.4M | $3.5M | $5.2M | $7.5M | $7.5M | $6.4M | $4.9M | $4.9M |
| Short-term debt | $3.0M | $8.3M | $7.4M | $8.0M | $8.4M | $5.0M | $4.3M | $3.4M |
| Deferred revenue | $75.4M | $77.8M | $60.7M | $52.2M | $45.5M | $30.7M | $26.2M | $37.5M |
| Total current liabilities | $153.4M | $146.1M | $130.0M | $103.2M | $92.2M | $75.3M | $63.0M | $65.5M |
| Long-term debt | $290.1M | $292.4M | $288.2M | $290.0M | $291.7M | $294.1M | $397.1M | $404.8M |
| Lease obligations | $12.9M | $16.5M | $11.3M | $15.1M | $13.6M | $593,000 | $48,000 | $332,000 |
| Other long-term liabilities | $50.3M | $77.9M | $98.1M | $100.1M | $85.9M | $77.8M | $84.9M | $88.5M |
| Total liabilities | $493.8M | $516.4M | $516.3M | $493.3M | $469.9M | $447.3M | $545.0M | $558.7M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.5M | $1.3M | $1.3M |
| Retained earnings (deficit) | −$129.9M | −$128.3M | −$116.2M | −$60.9M | −$75.6M | −$62.3M | −$12.9M | −$14.4M |
| Treasury stock | — | — | — | — | −$38,000 | — | — | — |
| Accumulated other comprehensive income | $2.0M | −$13.4M | −$7.6M | −$8.2M | −$3.9M | −$1.6M | −$5.5M | −$1.6M |
| Total shareholders' equity | $1.06B | $1.06B | $1.05B | $1.08B | $1.04B | $822.1M | $492.0M | $492.8M |
| Key figures | ||||||||
| Total debt | $11.4M | $311.9M | $302.6M | $308.1M | $308.4M | $299.4M | $401.4M | $408.3M |
| Net cash (debt) | $178.0M | −$132.7M | −$67.6M | −$71.5M | −$122.6M | −$28.0M | −$372.1M | −$396.6M |
| Working capital | $161.7M | $164.8M | $210.2M | $239.1M | $182.5M | $271.2M | $24.5M | $3.5M |
| Tangible book value | −$158.0M | −$183.6M | −$156.5M | −$124.9M | −$173.3M | −$92.9M | −$450.9M | −$481.1M |
| Book value per share | $6.63 | $6.60 | $6.59 | $6.78 | $6.95 | $5.37 | $3.13 | $3.72 |
| Shares outstanding | 160.4M | 160.4M | 158.9M | 159.4M | 149.8M | 153.0M | 157.3M | 132.4M |
| Current ratio | 2.05 | 2.13 | 2.62 | 3.32 | 2.98 | 4.60 | 1.39 | 1.05 |
| Quick ratio | 1.99 | 2.04 | 2.52 | 3.15 | 2.86 | 4.46 | 1.30 | 0.94 |
| Debt / equity | 0.01 | 0.29 | 0.29 | 0.29 | 0.30 | 0.36 | 0.82 | 0.83 |
| Equity / assets | 68.3% | 67.2% | 67.0% | 68.6% | 68.9% | 64.8% | 47.4% | 46.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $184.1M | $149.5M | $189.4M | $172.7M | $162.3M | $179.1M | $179.2M | $233.0M | $224.6M | $224.8M | $235.0M | $272.3M |
| Cash & equivalents | $184.1M | $149.5M | $189.4M | $172.7M | $162.3M | $179.1M | $179.2M | $233.0M | $224.6M | $224.8M | $235.0M | $272.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $5.0M | $5.0M | $4.5M | $5.9M |
| Receivables | $113.9M | $107.6M | $116.3M | $98.5M | $106.3M | $105.2M | $119.1M | $106.3M | $98.0M | $89.1M | $93.3M | $83.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | −$5.0M | −$5.0M | −$4.5M | $13.4M |
| Other current assets | $14.1M | $13.5M | $9.5M | $12.1M | $12.8M | $15.9M | $12.6M | $11.3M | $19.5M | $19.6M | $16.5M | $825,000 |
| Total current assets | $312.2M | $270.6M | $315.1M | $283.3M | $281.4M | $300.2M | $310.9M | $350.6M | $337.1M | $328.5M | $340.2M | $369.8M |
| Property, plant & equipment (net) | $10.6M | $13.1M | $13.8M | $14.2M | $14.7M | $15.1M | $16.0M | $14.6M | $16.9M | $17.1M | $12.3M | $11.9M |
| Goodwill & intangible assets | $1.06B | $1.20B | $1.22B | $1.23B | $1.24B | $1.24B | $1.24B | $1.17B | $1.18B | $1.19B | $1.20B | $1.14B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.7M | $12.7M | $6.9M | $5.8M | $5.8M | $6.0M | $6.0M | $6.3M | $6.9M | $7.5M | $7.3M | $8.9M |
| Total assets | $1.40B | $1.50B | $1.56B | $1.54B | $1.54B | $1.56B | $1.58B | $1.54B | $1.54B | $1.54B | $1.56B | $1.53B |
| Liabilities | ||||||||||||
| Accounts payable | $2.7M | $3.7M | $3.4M | $3.5M | $5.5M | $5.1M | $3.5M | $2.5M | $4.8M | $3.7M | $5.2M | $5.3M |
| Short-term debt | $3.0M | $3.0M | $3.0M | $3.0M | $7.3M | $3.0M | $8.3M | $3.0M | $3.0M | $3.0M | $7.4M | $7.5M |
| Deferred revenue | $77.3M | $76.5M | $75.4M | $65.0M | $70.2M | $72.0M | $77.8M | $59.3M | $61.0M | $56.8M | $60.7M | $48.0M |
| Total current liabilities | $122.4M | $144.1M | $153.4M | $135.5M | $130.4M | $108.1M | $146.1M | $122.7M | $129.1M | $100.6M | $130.0M | $105.4M |
| Long-term debt | $288.9M | $289.5M | $290.1M | $290.5M | $291.2M | $291.8M | $292.4M | $293.1M | $293.7M | $287.8M | $288.2M | $288.7M |
| Lease obligations | $6.9M | $7.8M | $12.9M | $9.0M | $9.4M | $9.8M | $16.5M | $10.4M | $11.2M | $11.6M | $11.3M | $11.7M |
| Other long-term liabilities | $22.0M | $49.7M | $50.3M | $45.0M | $51.3M | $76.9M | $77.9M | $74.1M | $73.4M | $99.6M | $98.1M | $81.0M |
| Total liabilities | $433.3M | $483.3M | $493.8M | $471.0M | $472.9M | $476.7M | $516.4M | $489.8M | $496.2M | $488.0M | $516.3M | $475.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.7M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M |
| Retained earnings (deficit) | −$193.9M | −$138.6M | −$129.9M | −$124.0M | −$125.5M | −$123.5M | −$128.3M | −$134.9M | −$133.5M | −$120.9M | −$116.2M | −$103.8M |
| Accumulated other comprehensive income | $9.1M | −$1.9M | $2.0M | $1.9M | $4.9M | −$5.3M | −$13.4M | −$5.0M | −$8.3M | −$7.0M | −$7.6M | −$7.7M |
| Total shareholders' equity | $966.5M | $1.02B | $1.06B | $1.06B | $1.07B | $1.08B | $1.06B | $1.05B | $1.04B | $1.05B | $1.05B | $1.05B |
| Key figures | ||||||||||||
| Total debt | $291.8M | $300.3M | $11.4M | $302.5M | $307.9M | $304.6M | $311.9M | $306.5M | $307.8M | $302.4M | $302.6M | $303.4M |
| Net cash (debt) | −$107.7M | −$150.8M | $178.0M | −$129.8M | −$145.6M | −$125.5M | −$132.7M | −$73.5M | −$83.2M | −$77.6M | −$67.6M | −$31.0M |
| Working capital | $189.8M | $126.4M | $161.7M | $147.8M | $151.0M | $192.1M | $164.8M | $227.9M | $208.0M | $227.8M | $210.2M | $264.4M |
| Tangible book value | −$96.8M | −$187.0M | −$158.0M | −$167.8M | −$171.0M | −$155.5M | −$183.6M | −$118.3M | −$135.3M | −$134.9M | −$156.5M | −$84.5M |
| Book value per share | $6.26 | $6.45 | $6.63 | $6.63 | $6.65 | $6.72 | $6.56 | $6.56 | $6.50 | $6.61 | $6.57 | $6.61 |
| Shares outstanding | 154.4M | 157.8M | 160.4M | 160.6M | 160.9M | 161.4M | 161.3M | 160.6M | 160.5M | 159.5M | 159.4M | 159.2M |
| Current ratio | 2.55 | 1.88 | 2.05 | 2.09 | 2.16 | 2.78 | 2.13 | 2.86 | 2.61 | 3.26 | 2.62 | 3.51 |
| Quick ratio | 2.43 | 1.78 | 1.99 | 2.00 | 2.06 | 2.63 | 2.04 | 2.77 | 2.50 | 3.12 | 2.52 | 3.37 |
| Debt / equity | 0.30 | 0.30 | 0.01 | 0.28 | 0.29 | 0.28 | 0.29 | 0.29 | 0.30 | 0.29 | 0.29 | 0.29 |
| Equity / assets | 69.0% | 67.8% | 68.3% | 69.3% | 69.4% | 69.5% | 67.2% | 68.3% | 67.8% | 68.4% | 67.0% | 68.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CERT financial position
At the end of fiscal 2025 (December 31, 2025), Certara had total assets of $1.6 billion (down 1.2% from a year earlier), total liabilities of $493.8 million and shareholders' equity of $1.1 billion. It held $189.4 million in cash and short-term investments against $11.4 million of debt, a net cash position of $178.0 million. Its current ratio was 2.05. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $966.5 million.
Related: CERT income statement, CERT cash flow statement, CERT key metrics. See the CERT stock overview for the latest quote and news.
CERT balance sheet FAQ
What are Certara's total assets?
Certara reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does Certara have?
Certara had $11.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Certara have?
Certara held $189.4 million in cash and short-term investments at the end of fiscal 2025; with $11.4 million of debt that is net cash of $178.0 million.
What is Certara's book value?
Certara's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $6.63 per share.
What is Certara's current ratio?
Certara had current assets of $315.1 million and current liabilities of $153.4 million, a current ratio of 2.05 (it can cover its short-term obligations).
How much goodwill does Certara have?
Certara carried $1.2 billion of goodwill and intangible assets, 78.4% of total assets, at the end of fiscal 2025.