Forensic Analysis · Technology / Software · as of Sep 26, 2026
Certara, Inc. (CERT)
A forensic read on Certara, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
3.3
Distress distance
Clean
Earnings quality
2
Forensic signals
-19.0
P / E (ttm)
-0.2%
ROE
$1.3B
Market cap
0.00%
Dividend yield
8.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Certara, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.3, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1.1%
FY2025
Return on invested capital.Return on invested capital is 1.1% in the latest fiscal year and rising across FY2023–FY2025 from -2.7%. After-tax operating profit was ($32M) in FY2023 and $14M in FY2025, with operating income at -11.5% of revenue in FY2023, -0.4% in FY2024 and 5.0% in FY2025. The capital base behind it went from $1.2B in FY2023 to $1.2B in FY2025 (+1%), while the revenue it carried went from $354M to $419M. Across FY2024–FY2025, $139M went into capital expenditure and acquisitions against $4M of depreciation excluding $139M of intangible-asset amortisation. The base is struck net of amortisation, write-downs and the current liabilities that fund it, so it moved by less than that spending net of the wear, and this row does not say which of those absorbed the difference. FY2023's operating profit carried a $47M goodwill write-off that alone took about 3.1 points off that year's return, so about 3.1 of the 3.8-point rise across FY2023–FY2025 is that charge leaving the base year rather than the capital earning more.
$47M
FY2023–FY2023
Goodwill impairments.Took $47M of goodwill writedowns across 1 year (FY2023 ($47M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$418.8M
Revenue Growth YoY+8.7%
Revenue CAGR (2yr)+8.7%
Net Margin-0.4%
Free Cash Flow$69.8M
Return on Equity-0.2%
Debt / Equity0.28x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Certara, Inc.'s actual 10-K/10-Q/8-K filings?