Certara, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $2.6m $2.4m $2.1m $1.7m $1.6m $2.0m $75.2m
Amortization of debt issuance costs $1.5m $1.5m $1.5m $1.5m $1.5m $1.0m $568k
Goodwill impairment $0 $0 $47.0m $0 $0
Net loss ($8.9m) ($49.4m) ($13.3m) $14.7m ($55.4m) ($12.1m) ($1.6m)
Provision for credit losses $10k ($53k) $130k $1.1m $684k $1.5m $1.1m
Equity-based compensation expense $1.7m $64.5m $29.5m $30.3m $28.3m $34.8m $33.1m
Change in fair value of contingent considerations $0 $0 $24.1m $8.1m ($3.6m)
Accounts receivable ($1.5m) ($3.9m) ($10.1m) ($15.0m) $152k ($16.2m) $428k
Prepaid and other assets ($1.8m) ($8.3m) $585k $126k $711k ($2.9m) ($902k)
Accounts payable and accrued expenses, and other liabilities $10.0m $2.4m $1.1m $5.3m ($5.6m) ($4.8m) $4.4m
Deferred revenue $2.1m $3.1m $5.4m $9.5m $28k $13.8m ($3.0m)
Other operating activities, net $169k $1.7m $1.8m ($1.0m)
Capitalized software development costs ($7.4m) ($7.1m) ($7.8m) ($11.1m) ($13.5m) ($19.4m) ($24.8m)
Investment in intangible assets $0 $0 ($54k) $0 $0
Payments for business acquisition related contingent consideration $0 $0 ($15.2m) ($13.2m)
Payment of taxes on shares and units withheld for employee taxes ($272k) ($3.0m) ($6.4m) ($8.7m) ($5.2m)
Contingent liabilities established in connection with business acquisition $0 $19.8m $11.3m $0 $0
Stock issuance or establish liabilities related to business acquisition contingent consideration $0 $0 $3.7m $5.7m
Total deferred ($6.7m) ($7.8m) ($1.2m) ($11.5m) ($16.5m) ($12.7m) ($8.3m)
Net cash provided by operating activities $38.0m $44.8m $60.4m $92.5m $82.8m $80.5m $96.3m
Capital expenditures ($2.1m) ($863k) ($1.1m) ($1.4m) ($1.8m) ($1.6m) ($1.8m)
Business acquisitions, net of cash acquired ($675k) ($261.0m) ($15.3m) ($64.2m) ($91.3m) $0
Net cash used in investing activities ($9.5m) ($8.6m) ($269.9m) ($27.8m) ($79.5m) ($112.4m) ($26.6m)
Proceeds from borrowings on term loan debt $0 $0 $6.3m $0
Payment of debt issuance costs ($2.9m) $0 $0 ($1.2m) $0
Payments on long-term debt obligations ($3.3m) ($3.0m) ($2.3m) ($3.0m)
Common stock repurchase program ($703k) ($1.1m) $0 $0 ($42.6m)
Net cash used in financing activities ($8.5m) $208.2m $123.4m ($7.4m) ($9.4m) ($21.0m) ($64.0m)
Effect of foreign exchange rate changes on cash and cash equivalents ($2.4m) ($883k) ($524k) ($4.3m) $1.5m ($2.9m) $4.4m
Net increase (decrease) in cash, cash equivalents $17.6m $243.5m ($86.7m) $53.1m ($4.7m) ($55.8m) $10.2m
Cash and cash equivalents at beginning of year $29.8m $273.3m $186.6m $239.7m $235.0m $179.2m $189.4m
Cash paid for interest $26.4m $27.6m $14.2m $17.3m $19.1m $22.7m $19.1m
Cash paid for taxes $4.1m $12.3m $8.6m $10.1m $19.3m $14.7m $12.2m