Certara, Inc.

Certara, Inc.

CERTVertical SaaS

Certara is a biosimulation and regulatory science technology company for the pharmaceutical, biotech, and academic research industries.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
3.9x
+1.2x
ARR
$373M
-12.8%
YoY Growth
-10.8%
-11.7pp
Market Cap
$1.5B
+46.6%
Revenue (Q)
$93M
-12.8%
Gross Margin
—
Op. Margin
-0.2%
+3.8pp
Rule of 40
-11.0
-62.8
Magic Number
-4.09
-5.02

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (2.7x).

Valuation by quarter

Current ARR Multiple: 2.7x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact
No recommendations for this company.
AI Replacement RiskLOW
12/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
Data analyticsCategory baseline
mid base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryHealthcare
-10 risk
Own AI integration3/5
-1.6 risk

Company overview

Certara is a biosimulation and regulatory science technology company for the pharmaceutical, biotech, and academic research industries. Founded in 2008 in Princeton, New Jersey (building on capabilities developed over 20+ years by predecessor organizations), Certara uses mathematical modeling and simulation to predict drug behavior, optimize clinical trial design, and support regulatory submissions to agencies like the FDA and EMA.

The flagship software, Simcyp, is a population-based pharmacokinetic/pharmacodynamic modeling and simulation tool. It predicts how drugs will behave in diverse patient populations before clinical trials even start. Phoenix WinNonlin is the industry standard for pharmacokinetic analysis. D360 is a cloud analytics platform for drug development decisions. Together, these tools help pharma companies reduce the time, cost, and failure rate of drug development by supplementing physical experiments with virtual simulations. Instead of running another expensive clinical trial, a company can simulate the outcomes first and design a better study.

The regulatory science consulting division provides model-informed drug development services. That includes submission-ready analyses, clinical pharmacology strategies, market access analytics, and real-world evidence studies. Regulatory agencies themselves increasingly recognize this approach. The FDA uses Certara's Simcyp simulator internally, and model-informed methods are now encouraged in regulatory guidance.

About 2,100 customers use the platform, including all of the top 35 pharma companies by R&D spending, along with hundreds of biotech firms, CROs, and academic institutions. Annual revenue is roughly $400 million. Revenue mixes software subscriptions with technology-driven consulting. Software gross margins top 80%. About 1,600 employees work across offices in the US, Europe, and Asia.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(415) 237-8272
Address4 RADNOR CORPORATE CENTER, SUITE 350, RADNOR, PA, 19087
Mailing address4 RADNOR CORPORATE CENTER, SUITE 350, RADNOR, PA, 19087
EIN00-0000000
Entity typeoperating
SEC industry framework06 Technology

SaaS KPIs

Reported in at least 3 quarters

Renewal Rate

9 quarters
85%
Q4 FY2023-1.0pp

Services Bookings

9 quarters
$47.6M
Q2 FY2026-28.5%

Software Bookings

9 quarters
$50.7M
Q2 FY2026+4.1%

Bookings

8 quarters
$118.2M
Q1 FY2025-18.2%

Total Bookings

8 quarters
$98.3M
Q2 FY2026-14.7%

Total customers

8 quarters
~2,600
Q1 FY2026+0.0%

Management outlook

Given with Q2 FY2026 results (Jun 2026)
Full Year 2026
Revenue growth (Continuing Operations)0% to 4%
Revenue (Continuing Operations)$367 million to $382 million
Adjusted EBITDA margin (Continuing Operations)approximately 29% to 31%
Adjusted diluted earnings per share (Continuing Operations)$0.31 to $0.36
Fully diluted shares155 million to 157 million

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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