Cerus Corporation (CERS) Income Statement
CERS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCERS revenue and net income
Where CERS's revenue goes
2025Each bar shows an amount and its share of revenue. CERS kept −7.6% of revenue as net income.
CERS profit margins
CERS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.3% | +8.4% | +17.5% | +19.7% |
| Gross profit | +12.8% | +8.8% | +17.2% | +26.4% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CERS quarterly EPS vs estimates
Cerus beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.01).
CERS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $206.1M | $180.3M | $156.4M | $162.0M | $130.9M | $91.9M | $74.6M | $60.9M | $43.6M | $37.2M |
| Cost of revenue | $93.8M | $80.7M | $70.0M | $75.0M | $63.5M | $41.2M | $33.4M | $31.6M | $22.5M | $20.3M |
| Gross profit | $112.3M | $99.5M | $86.4M | $87.1M | $67.4M | $50.8M | $41.2M | $29.3M | $21.0M | $16.9M |
| Research & development | $67.7M | $58.9M | $67.6M | $64.1M | $63.7M | $64.4M | $60.4M | $42.6M | $33.7M | $31.3M |
| Sales, general & admin | $80.9M | $75.9M | $81.4M | $83.3M | $81.3M | $67.0M | $66.2M | $56.8M | $52.4M | $48.8M |
| Total operating expenses | $121.0M | $113.7M | $116.5M | $121.2M | $116.3M | $109.1M | $107.5M | $84.3M | $78.6M | $78.2M |
| Operating income | −$8.7M | −$14.2M | −$30.1M | −$34.1M | −$48.9M | −$58.3M | −$66.2M | −$55.0M | −$57.5M | −$61.4M |
| Interest income | — | — | — | — | — | — | $6.2M | $4.1M | $3.0M | $2.4M |
| Interest expense | $8.3M | $8.9M | $8.4M | $5.8M | $4.9M | $3.7M | $6.1M | $4.0M | $3.0M | $2.4M |
| Income before taxes | −$15.3M | −$20.8M | −$37.3M | −$42.3M | −$54.1M | −$59.6M | −$71.0M | −$57.3M | −$56.7M | −$62.7M |
| Income taxes | $354,000 | $205,000 | $325,000 | $488,000 | $319,000 | $284,000 | $263,000 | $229,000 | $3.9M | $175,000 |
| Net income | −$15.6M | −$20.9M | −$37.5M | −$42.8M | −$54.4M | −$59.9M | −$71.2M | −$57.6M | −$60.6M | −$62.9M |
| EBITDA | −$5.5M | −$10.0M | −$26.3M | −$31.1M | −$45.8M | −$55.2M | −$63.8M | −$53.5M | −$51.9M | −$58.5M |
| EPS (diluted) | −$0.08 | −$0.11 | −$0.19 | −$0.26 | −$0.31 | −$0.36 | −$0.52 | −$0.44 | −$0.56 | −$0.62 |
| Gross margin | 54.5% | 55.2% | 55.3% | 53.7% | 51.5% | 55.2% | 55.2% | 48.1% | 48.3% | 45.4% |
| Operating margin | −4.2% | −7.9% | −19.2% | −21.0% | −37.4% | −63.5% | −88.7% | −90.3% | −132.0% | −165.3% |
| Net margin | −7.6% | −11.6% | −24.0% | −26.4% | −41.6% | −65.1% | −95.4% | −94.5% | −139.1% | −169.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.4M | $53.7M | $57.8M | $52.7M | $52.4M | $43.2M | $50.8M | $46.0M | $45.1M | $38.4M | $46.8M | $39.8M |
| Cost of revenue | $27.9M | $25.8M | $28.0M | $24.6M | $23.5M | $17.8M | $23.4M | $19.8M | $20.4M | $17.1M | $20.8M | $18.0M |
| Gross profit | $29.5M | $27.9M | $29.7M | $28.1M | $29.0M | $25.4M | $27.4M | $26.2M | $24.7M | $21.3M | $26.0M | $21.8M |
| Research & development | $14.4M | $14.5M | $16.4M | $15.8M | $18.9M | $16.6M | $15.4M | $14.0M | $15.0M | $14.5M | $14.3M | $16.8M |
| Sales, general & admin | $19.9M | $19.9M | $20.8M | $18.6M | $21.2M | $20.3M | $19.3M | $17.8M | $19.0M | $19.8M | $17.3M | $16.2M |
| Total operating expenses | $31.4M | $28.2M | $30.4M | $26.9M | $32.4M | $31.3M | $28.8M | $27.2M | $28.5M | $29.3M | $25.0M | $27.1M |
| Operating income | −$1.9M | −$354,000 | −$641,000 | $1.2M | −$3.4M | −$5.9M | −$1.4M | −$961,000 | −$3.8M | −$8.0M | $976,000 | −$5.2M |
| Interest expense | $1.7M | $1.9M | $2.0M | $2.1M | $2.1M | $2.1M | $2.1M | $2.3M | $2.3M | $2.2M | $2.2M | $2.4M |
| Income before taxes | −$2.9M | −$1.6M | −$2.1M | $65,000 | −$5.6M | −$7.6M | −$2.5M | −$2.9M | −$5.8M | −$9.6M | −$1.3M | −$7.2M |
| Income taxes | $95,000 | $91,000 | $119,000 | $85,000 | $76,000 | $74,000 | $111,000 | $76,000 | −$56,000 | $74,000 | $72,000 | $78,000 |
| Net income | −$2.9M | −$1.6M | −$2.2M | −$19,000 | −$5.7M | −$7.7M | −$2.5M | −$2.9M | −$5.8M | −$9.7M | −$1.3M | −$7.3M |
| EBITDA | −$712,000 | $762,000 | $292,000 | $2.6M | −$3.1M | −$5.2M | −$66,000 | −$186,000 | −$3.0M | −$6.8M | $1.6M | −$4.2M |
| EPS (diluted) | −$0.01 | −$0.01 | −$0.01 | −$0.00 | −$0.03 | −$0.04 | −$0.01 | −$0.02 | −$0.03 | −$0.05 | −$0.01 | −$0.03 |
| Gross margin | 51.4% | 52.0% | 51.5% | 53.4% | 55.2% | 58.8% | 53.9% | 56.9% | 54.7% | 55.4% | 55.5% | 54.9% |
| Operating margin | −3.2% | −0.7% | −1.1% | 2.3% | −6.5% | −13.5% | −2.9% | −2.1% | −8.5% | −20.8% | 2.1% | −13.2% |
| Net margin | −5.1% | −3.1% | −3.8% | −0.0% | −10.9% | −17.8% | −5.0% | −6.4% | −12.8% | −25.3% | −2.8% | −18.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CERS's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CERS financial results
In fiscal year 2025 (ended December 31, 2025), Cerus reported revenue of $206.1 million, up 14.3% from the year before. It had a net loss of $15.6 million, a net profit margin of −7.6%. Diluted earnings per share came to −$0.08. Over five years revenue grew at an average rate of 17.5% a year.
See the CERS stock overview for the latest quote and news, or the CERS chart for price history and technical indicators.
CERS income statement FAQ
What is Cerus's annual revenue?
Cerus reported total revenue of $206.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 14.3% from $180.3 million the previous year.
Is Cerus profitable?
No. Cerus reported a net loss of $15.6 million in fiscal 2025, a net profit margin of −7.6%; its operating margin was −4.2%.
What is Cerus's gross margin?
Cerus's gross margin was 54.5% in fiscal 2025: for every $100 of revenue, Cerus kept $54 after the direct cost of its products and services.
How much does Cerus spend on research and development?
Cerus spent $67.7 million on research and development in fiscal 2025, 32.9% of revenue.
How fast is Cerus growing?
Revenue grew 17.5% a year on average over the last five fiscal years, from $91.9 million to $206.1 million.
What are Cerus's earnings per share?
Cerus earned $-0.08 per diluted share in fiscal 2025, compared with $-0.11 a year earlier.
When will Cerus report its next earnings?
Cerus is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Cerus's fiscal year end?
Cerus's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.