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Certara cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$29.9M in Q3 2026 · $78.2M over twelve months

Operating cash flow$30.7M
Capital spending−$770K
Free cash flow+$29.9M
Cash / net income5.5×
Cash conversion cycle66 days

Analysis

In Q3 2026, Certara generated $30.7M of operating cash flow and spent $770K on capital projects, leaving free cash flow of $29.9M. That is $2.2M less than in Q3 2025 ($32.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $81.2M; the largest uses were buybacks ($61.3M), other financing ($20.1M), taxes on employees’ shares ($3.7M); besides operations, cash came from other investing ($51.5M); the cash balance rose by $42.2M.

Operating cash flow was $30.7M against net income of $5.6M — 5.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$16.3M, payables +$12.9M, deferred taxes −$7.0M.

Its cash conversion cycle was 66 days (receivables 77 + inventory 0 − payables 10).

Free cash flow

Certara: free cash flow by quarterCertara: free cash flow by quarter$49.0MQ4 2024$16.8MQ1 2025$17.9MQ2 2025$32.1MQ3 2025$27.8MQ4 2025$11.1MQ1 2026$9.4MQ2 2026$29.9MQ3 2026
Operating cash flow less capital spending.
Certara: operating cash flow against capital spendingCertara: operating cash flow against capital spendingOperating cash flowCapital spending$49.4M$415KQ4 2024$17.4M$600KQ1 2025$17.8M−$64KQ2 2025$32.3M$221KQ3 2025$28.8M$1.0MQ4 2025$11.7M$631KQ1 2026$10.0M$621KQ2 2026$30.7M$770KQ3 2026
Latest (Q3 2026): Operating cash flow $30.7M, Capital spending $770K.

Capital allocation, year by year

Certara: where the cash came from (up) and went (down), by fiscal yearCertara: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $60.4MFY2021: Net borrowing −$4.2MFY2021: Shares issued $133MFY2021: Capital spending −$1.1MFY2021: Acquisitions −$261M$194MFY2021FY2022: Operating cash flow $92.5MFY2022: Net borrowing −$3.6MFY2022: Capital spending −$1.4MFY2022: Acquisitions −$15.3M$92.5MFY2022FY2023: Operating cash flow $82.8MFY2023: Net borrowing −$3.1MFY2023: Capital spending −$1.8MFY2023: Acquisitions −$64.2M$82.8MFY2023FY2024: Operating cash flow $80.5MFY2024: Net borrowing $4.0MFY2024: Capital spending −$1.6MFY2024: Acquisitions −$91.3M$84.5MFY2024FY2025: Operating cash flow $96.3MFY2025: Net borrowing −$3.0MFY2025: Capital spending −$1.8MFY2025: Buybacks −$42.6M$96.3MFY2025
Over these 5 years operating cash flow totalled $412M; the largest uses were acquisitions ($432M) and buybacks ($42.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$215M
Debt$291M
Net debt$76.3M
Due within a year$3.0M

Certara funds itself: free cash flow was $78.2M over the last twelve months, and $215M of cash and investments stands against $291M of debt ($3.0M due within a year, 72.5× covered by cash).

Certara: debt maturities by year (FY2025)Certara: debt maturities by year (FY2025)$3.0MYear 1$3.0MYear 2$3.0MYear 3$3.0MYear 4$3.0MYear 5$281MAfter year 5
Principal due in each year as disclosed in the annual report, against $215M of cash and investments now.

Where the cash came from and went

Certara: sources (+) and uses (−) of cash, Q3 2026Certara: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$30.8MOperating cash flow$30.7MOther investing$1.3MCapital spending−$770KNet borrowing (+) / repaid (−)−$741KExchange rates$479KTaxes on employees’ shares−$181K
Certara: sources (+) and uses (−) of cash, TTM to Q3 2026Certara: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$81.2MBuybacks−$61.3MOther investing$51.5MCash drawn (+) / kept (−)−$42.2MOther financing−$20.1MTaxes on employees’ shares−$3.7MCapital spending−$3.0MNet borrowing (+) / repaid (−)−$3.0MExchange rates$569K

From profit to cash

Certara: net income to operating cash flow, Q3 2026Certara: net income to operating cash flow, Q3 2026Net income$5.6MDepreciation & amortization$16.3MStock-based pay$6.0MDeferred taxes−$7.0MReceivables$5.5MPayables$12.9MDeferred revenue−$1.5MPrepaid and other assets$1.8MOperating cash flow$30.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202677—1066
Q2 202680—872
Q1 202675—768
Q4 202555—550
Q3 202581—1269
Q2 202579—1465
Q1 202572—962
Q4 202491—784

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$30.7M−$770K——−$741K−$30.8M$29.9M
Q2 2026$10.0M−$621K—−$17.4M−$740K−$34.7M$9.4M
Q1 2026$11.7M−$631K—−$40.0M−$741K$39.9M$11.1M
Q4 2025$28.8M−$1.0M—−$3.9M−$741K−$16.7M$27.8M
Q3 2025$32.3M−$221K—−$13.7M−$750K−$10.4M$32.1M
Q2 2025$17.8M$64K—−$25.0M−$750K$16.8M$17.9M
Q1 2025$17.4M−$600K——−$750K$97K$16.8M
Q4 2024$49.4M−$415K−$91.3M—−$750K$53.8M$49.0M

Certara: income statement and cash flow

Certara, Q3 2026: revenue $94.9M (+4% year over year), operating margin 2.4%. The chart follows the revenue to costs, profit and cash.

Certara: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.