Certara(US:CERT)2025-11-06 21:23Revenue Performance - Total revenue for Q3 2025 was $104.6 million, a 10% increase year-over-year from $94.8 million in Q3 2024[6] - Software revenue reached $43.8 million, reflecting a 22% growth compared to $35.9 million in Q3 2024[6] - Services revenue was $60.8 million, showing a 3% increase from $58.9 million in Q3 2024[8] - Total revenue for the three months ended September 30, 2025, was $104,616,000, reflecting a 10% increase from $94,820,000 in the same period of 2024[47] - Total revenue for the nine months ended September 30, 2025, was $315,190,000, an increase of 11% from $284,787,000 in the same period of 2024[47] Profitability - Net income for Q3 2025 was $1.5 million, a significant turnaround from a net loss of $1.4 million in Q3 2024, representing a 211% improvement[14] - Net income attributable to common stockholders for Q3 2025 was $1.5 million, compared to a net loss of $1.4 million in Q3 2024[38] - For the three months ended September 30, 2025, the company reported a net income of $1,525,000 compared to a net loss of $1,371,000 for the same period in 2024[44] - Adjusted net income for the nine months ended September 30, 2025, was $56,050,000, compared to $48,193,000 for the same period in 2024, marking a 16.1% increase[45] - Diluted earnings per share for the three months ended September 30, 2025, was $0.01, compared to a loss of $0.01 in the same period of 2024[46] Adjusted Metrics - Adjusted EBITDA for Q3 2025 was $35.2 million, up 7% from $33.1 million in Q3 2024[13] - Adjusted EBITDA for the nine months ended September 30, 2025, was $102,026,000, an increase from $88,522,000 in the same period of 2024, representing a growth of 15.3%[44] Bookings - Total bookings for Q3 2025 were $96.6 million, a slight increase of 1% year-over-year[8] - Software bookings were $40.8 million, marking a 17% increase compared to $34.8 million in Q3 2024[9] - Services bookings decreased by 9% year-over-year to $55.8 million, influenced by softer trends among tier-one customers[10] Guidance and Expectations - Full year 2025 revenue guidance is updated to a range of $415 million to $420 million[18] - Adjusted diluted earnings per share for full year 2025 is expected to be in the range of $0.45 to $0.47[18] Cash and Expenses - Cash and cash equivalents at the end of Q3 2025 were $172.7 million, down from $179.2 million at the end of Q4 2024[40] - Total operating expenses for Q3 2025 were $61.9 million, an increase from $55.0 million in Q3 2024[38] - The company incurred $24.9 million in equity-based compensation expense for the nine months ended September 30, 2025[42] - The company incurred equity-based compensation expenses of $9,574,000 for the three months ended September 30, 2025, compared to $8,187,000 in the same period of 2024[45] Balance Sheet - Total liabilities decreased to $471.0 million as of September 30, 2025, from $516.4 million at the end of Q4 2024[40] - The company’s accumulated deficit as of September 30, 2025, was $(123.9) million, an improvement from $(128.3) million at the end of Q4 2024[40] - The company’s total stockholders' equity increased to $1,064.8 million as of September 30, 2025, from $1,058.7 million at the end of Q4 2024[40] Other Financial Metrics - The company reported a net cash provided by operating activities of $67.5 million for the nine months ended September 30, 2025, compared to $31.1 million in 2024[42] - The change in fair value of contingent consideration for the nine months ended September 30, 2025, was $(3,212,000), compared to $8,092,000 in the same period of 2024[45] - The company reported a currency loss of $534,000 for the three months ended September 30, 2025, compared to a gain of $1,546,000 in the same period of 2024[45]