Certara, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
CERT$12.13-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| (IN THOUSANDS) | 2025 | 2024 | 2023 |
| Cash flows from operating activities: | |||
| Net loss | $(1,595) | $(12,051) | $(55,357) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 75,162 | 68,033 | 56,071 |
| Amortization of debt issuance costs | 568 | 1,035 | 1,527 |
| Provision for credit losses | 1,144 | 1,464 | 684 |
| Equity-based compensation expense | 33,079 | 34,774 | 28,300 |
| Change in fair value of contingent considerations | (3,597) | 8,089 | 24,118 |
| Goodwill impairment | — | — | 46,984 |
| Deferred income taxes | (8,321) | (12,695) | (16,523) |
| Changes in assets and liabilities | |||
| Accounts receivable | 428 | (16,225) | 152 |
| Prepaid and other assets | (902) | (2,873) | 711 |
| Accounts payable and accrued expenses, and other liabilities | 4,403 | (4,765) | (5,607) |
| Deferred revenue | (3,018) | 13,834 | 28 |
| Other operating activities, net | (1,026) | 1,846 | 1,667 |
| Net cash provided by operating activities | 96,325 | 80,466 | 82,755 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,760) | (1,625) | (1,777) |
| Capitalized software development costs | (24,796) | (19,416) | (13,491) |
| Investment in intangible assets | — | — | (54) |
| Business acquisitions, net of cash acquired | — | (91,327) | (64,228) |
| Net cash used in investing activities | (26,556) | (112,368) | (79,550) |
| Cash flows from financing activities: | |||
| Common stock repurchase program | (42,610) | — | — |
| Proceeds from borrowings on term loan debt | — | 6,305 | — |
| Payment of debt issuance costs | — | (1,216) | — |
| Payments on long-term debt obligations | (2,991) | (2,255) | (3,045) |
| Payments for business acquisition related contingent consideration | (13,230) | (15,156) | — |
| Payment of taxes on shares and units withheld for employee taxes | (5,155) | (8,688) | (6,402) |
| Net cash used in financing activities | (63,986) | (21,010) | (9,447) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 4,426 | (2,856) | 1,505 |
| Net increase (decrease) in cash, cash equivalents | 10,209 | (55,768) | (4,737) |
| Cash and cash equivalents at beginning of year | 179,183 | 234,951 | 239,688 |
| Cash and cash equivalents at end of year | $189,392 | $179,183 | $234,951 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $19,133 | $22,737 | $19,089 |
| Cash paid for taxes | $12,219 | $14,658 | $19,320 |
| Supplemental schedule of noncash investing and financing activities | |||
| Contingent liabilities established in connection with business acquisition | $— | $— | $11,308 |
| Stock issuance or establish liabilities related to business acquisition contingent consideration | $5,670 | $3,707 | $— |
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