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Financials · CERS

Cerus Corporation (CERS) financials

For the twelve months ended Sep 30, 2026, Cerus Corporation reported $254.23M of revenue and -$7.36M of net income.

Revenue, TTM
$254.23M
Net income, TTM
-$7.36M
Net margin
-2.9%
Free cash flow, TTM
$494.0K
EPS, diluted, TTM
-$0.03
Cash
$16.35M
P/S
1.64
Market cap
$418.0M
Annual revenue$233.80M
FY2016FY2025
Annual net income-$15.63M
FY2016FY2025
Annual free cash flow$1.11M
FY2016FY2025

CERS revenue and earnings growth

CERS revenueQ3 2026$57.71M

Quarter YoY
+9.5%
QoQ
+0.5%
FY YoY
+16.1%
5Y CAGR
+15.4%
10Y CAGR
+21.2%

CERS revenue was $57.71M in fiscal Q3 2026 (ended Sep 30, 2026), up 9.5% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $233.80M, up 16.1% from fiscal 2024. Compound annual growth was +15.4% over 5 years and +21.2% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CERS net incomeQ3 2026-$550.0K

CERS net income was -$550.0K in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$19.0K a year earlier. For the full fiscal 2025 it was -$15.63M, compared with -$20.92M in fiscal 2024.

CERS EPSQ3 2026$0.00

CERS diluted EPS was $0.00 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.00 a year earlier. For the full fiscal 2025 it was -$0.08, compared with -$0.11 in fiscal 2024.

CERS free cash flowQ3 2026$2.42M

Quarter YoY
26x
FY YoY
-87.0%

CERS free cash flow was $2.42M in fiscal Q3 2026 (ended Sep 30, 2026), up about 26-fold from a year earlier. For the full fiscal 2025 it was $1.11M, down 87.0% from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$233.80M$201.32M$186.80M$188.31M$159.52M$114.25M$93.77M$76.05M$51.33M$39.27M
Cost of revenue-----$41.16M$33.42M$31.63M$22.53M$20.30M
Gross profit-----$73.09M$60.35M$44.42M$28.80M$16.89M
Research and development$67.72M$58.91M$67.64M$64.11M$63.69M$64.41M$60.38M$42.56M$33.71M$31.32M
Selling, general and admin$80.91M$75.89M$75.52M$83.33M$81.29M$67.02M$66.20M$56.84M$52.62M$48.95M
Operating income-$8.68M-$14.22M-$30.05M-$34.08M-$48.94M-$58.33M-$66.23M-$54.99M-$57.53M-$61.45M
Interest expense$8.34M$8.88M$8.39M$5.83M$4.92M$3.75M$6.07M$4.01M$3.02M$2.44M
Pre-tax income-$15.28M-$20.76M-$37.32M-$42.34M-$54.06M-$59.57M-$70.98M-$57.34M-$56.70M-$62.73M
Income tax$354.0K$205.0K$325.0K$488.0K$319.0K$284.0K$263.0K$229.0K$3.89M$175.0K
Net income-$15.63M-$20.92M-$37.49M-$42.78M-$54.37M-$59.86M-$71.24M-$57.56M-$60.59M-$62.91M
EPS, basic-$0.08-$0.11-$0.21-$0.24-$0.32-$0.37-$0.51-$0.44-$0.56-$0.62
EPS, diluted-$0.08-$0.11-$0.21-$0.24-$0.32-$0.37-$0.51-$0.44-$0.56-$0.62
Diluted shares190.6M184.6M180.3M176.5M171.3M163.9M139.8M131.7M108.2M101.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$19.96M$21.36M$13.36M$37.36M$51.04M$38.90M$37.42M$31.59M$13.93M$22.74M
Receivables$30.37M$29.78M$35.50M$34.43M$25.13M$21.17M$16.88M$8.75M$12.41M$6.87M
Inventory$56.10M$38.15M$39.87M$29.00M$26.79M$23.25M$19.49M$13.54M$14.46M$12.53M
Current assets$174.38M$152.02M$144.44M$170.14M$187.10M$183.43M$128.11M$146.90M$89.90M$94.11M
Goodwill$1.32M$1.32M$1.32M$1.32M$1.32M$1.32M$1.32M$1.32M$1.32M$1.32M
Total assets$221.86M$200.92M$197.75M$218.09M$237.50M$221.41M$165.53M$163.46M$98.24M$103.48M
Current liabilities$100.80M$63.61M$67.52M$117.06M$78.56M$59.97M$50.34M$52.68M$23.13M$26.89M
Total liabilities$156.89M$144.02M$144.30M$149.53M$151.88M$117.61M$108.48M$78.94M$59.30M$45.69M
Shareholders' equity$64.22M$56.90M$53.44M$68.56M$85.62M$103.81M$57.05M$84.52M$38.94M$57.79M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$4.84M$11.36M-$43.17M-$25.61M-$33.92M-$41.81M-$65.50M-$31.25M-$52.23M-$53.53M
Capital expenditures$3.73M$2.84M$4.60M$2.00M$910.0K$1.61M$8.94M$1.14M$353.0K$563.0K
Free cash flow$1.11M$8.52M-$47.77M-$27.61M-$34.83M-$43.43M-$74.43M-$32.39M-$52.59M-$54.09M
Investing cash flow-$6.17M-$8.13M$8.62M$8.46M$12.69M-$49.56M$28.18M-$43.85M$421.0K-$19.92M
Financing cash flow$231.0K$4.96M$10.67M$4.19M$34.29M$91.78M$43.49M$92.75M$43.00M$24.57M
Stock-based compensation$22.87M$22.87M$20.27M$24.46M$23.57M$18.03M$13.31M$10.39M$9.36M$8.06M
Depreciation and amortization$1.43M$1.85M$2.60M$2.98M$3.15M$3.11M$2.40M$1.45M$1.81M$1.82M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY16.1%7.8%-0.8%18.1%39.6%21.8%23.3%48.2%30.7%14.8%
Gross margin-----64.0%64.4%58.4%56.1%43.0%
Operating margin-3.7%-7.1%-16.1%-18.1%-30.7%-51.1%-70.6%-72.3%-112.1%-156.5%
Net margin-6.7%-10.4%-20.1%-22.7%-34.1%-52.4%-76.0%-75.7%-118.0%-160.2%
Free cash flow margin0.5%4.2%-25.6%-14.7%-21.8%-38.0%-79.4%-42.6%-102.5%-137.7%
Return on equity-24.3%-36.8%-70.1%-62.4%-63.5%-57.7%-124.9%-68.1%-155.6%-108.9%
Return on assets-7.0%-10.4%-19.0%-19.6%-22.9%-27.0%-43.0%-35.2%-61.7%-60.8%
Current ratio1.732.392.141.452.383.062.552.793.893.50

Source: XBRL data Cerus Corporation files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CERS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CERS$254.23M--$7.36M-2.9%$418.0M
SYK$26.30B+7.9%$3.62B13.8%$124.00B
MMM$25.25B+1.7%$3.54B14.0%$97.47B
BSX$21.07B+8.9%$3.50B16.6%$63.81B
BDX$23.25B+17.4%$941.00M4.0%$58.63B
MDLN$30.68B-$683.00M2.2%$53.55B
RMD$5.73B+9.0%$1.59B27.8%$33.16B
DXCM$5.10B+13.0%$991.00M19.4%$30.24B
WST$3.40B+12.6%$638.90M18.8%$28.78B

CERS FAQ

8 questions
  • What is CERS revenue?
    Cerus Corporation (CERS) reported $254.23M of revenue for the twelve months ended Sep 30, 2026. Revenue for fiscal 2025 was $233.80M.
  • Is CERS profitable?
    No. Cerus Corporation reported a net loss of $7.36M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CERS have?
    Cerus Corporation reported $16.35M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is CERS revenue growing?
    Cerus Corporation's revenue changed +16.1% in fiscal 2025, to $233.80M. Its compound annual growth rate was +15.4% over 5 years and +21.2% over 10 years.
  • What is CERS free cash flow?
    Cerus Corporation generated $494.0K of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $3.50M less capital expenditures.
  • What is CERS earnings per share?
    Diluted earnings per share were -$0.03 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CERS last report financial results?
    The latest statements here come from Cerus Corporation's 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this CERS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Cerus Corporation files with the SEC. It is provided for information only and is not investment advice.