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Cerus Corporation

Cerus Corporation

NASDAQ•CERS
CEO: Mr. William M. Greenman
Sector: Healthcare
Industry: Medical - Devices
Listing Date: 1997-01-31
Cerus Corporation operates as a biomedical products company. The company focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System, a proprietary technology for controlling biological replication that is designed to reduce blood-borne pathogens in donated blood components intended for transfusion. The company offers INTERCEPT Blood Systems for platelets and plasma, which is designed to inactivate blood-borne pathogens in platelets and plasma donated for transfusion; INTERCEPT Blood System for red blood cells to inactivate blood-borne pathogens in red blood cells donated for transfusion; and INTERCEPT Blood System for Cryoprecipitation that uses its plasma system to produce pathogen reduced cryoprecipitated fibrinogen complex for the treatment and control of bleeding, including massive hemorrhage associated with fibrinogen deficiency, as well as pathogen reduced plasma, cryoprecipitate reduced. It sells platelet and plasma systems through its direct sales force and distributors in the United States, Europe, the Commonwealth of Independent States, the Middle East, Latin America, and internationally. Cerus Corporation was incorporated in 1991 and is headquartered in Concord, California.
Contact Information
1220 Concord Avenue, Suite 600, Concord, CA, 94520, United States
925-288-6000
www.cerus.com
Market Cap
$478.30M
P/E (TTM)
-29.9
33.6
Dividend Yield
--
52W High
$2.96
52W Low
$1.12
52W Range
74%
Rank70Top 99.2%
1.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$52.70M+14.52%
4-Quarter Trend

EPS

-$0.00-99.37%
4-Quarter Trend

FCF

$94.00K-97.19%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Increased 17% Nine-month total revenue reached $169.22M, driven by 15% product revenue growth and 38% government contract revenue increase.
Product Revenue Grew 15% Nine-month product revenue totaled $148.38M, primarily due to disposable kit volume growth in Europe and the U.S. markets.
Net Loss Significantly Narrowed Nine-month net loss attributable to Cerus Corporation improved to $(13.44M) from $(18.40M) in the prior period.
Equity Position Strengthened Total stockholders' equity increased to $61.46M as of September 30, 2025, up from $56.15M at year-end 2024.

Risk Factors

Red Blood Cell System Uncertainty Red blood cell system development remains ongoing; success is uncertain, facing regulatory hurdles and potential need for additional funding.
Supply Chain Sole Source Risk Reliance on Fresenius as sole supplier for key kits exposes operations to delays, cost increases, and potential obsolescence issues.
Operating Cash Flow Deterioration Nine-month net cash used in operations was $(1.36M), contrasting sharply with $6.43M provided in the prior nine months.
U.S. Market Adoption Slow Inability to achieve broad U.S. market adoption for INTERCEPT platelet/plasma systems materially threatens financial condition and growth.

Outlook

Government Contract Revenue Growth Anticipate government contract revenue will increase through fiscal year 2026 as multiple active contracts ramp up activities supporting development.
Continued R&D Investment Expected Expect ongoing R&D costs for new LED illuminator PMAs, in vitro studies, and red blood cell system development activities.
Debt Amortization Schedule Term Loan principal amortization begins April 1, 2026, requiring cash payments that will negatively impact working capital beyond 12 months.
Focus on U.S. Commercialization Strategy focuses on achieving market acceptance and executing sales agreements for INTERCEPT products within the highly concentrated U.S. market.

Peer Comparison

Revenue (TTM)

TruBridge, Inc.TBRG
$349.88M
+3.6%
Tactile Systems Technology, Inc.TCMD
$311.51M
+9.3%
LifeMD, Inc.LFMD
$252.34M
+40.2%

Gross Margin (Latest Quarter)

LifeMD, Inc.LFMD
87.7%
-32.4pp
RxSight, Inc.RXST
79.9%
+24.3pp
NeuroPace, Inc.NPCE
77.4%
+4.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TCMD$647.29M36.48.8%6.5%
NPCE$556.57M-23.1-136.6%66.4%
CERS$478.30M-29.9-27.9%45.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 19, 2026
|
EPS:-$0.01
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $52.70M+14.5%
    |
    EPS: $-0.00-99.4%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $52.45M+16.3%
    |
    EPS: $-0.03-4.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $43.24M+12.7%
    |
    EPS: $-0.04-24.8%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $180.27M+15.3%
    |
    EPS: $-0.11+47.6%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $46.02M+15.7%
    |
    EPS: $-0.02-60.7%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $45.08M+16.0%
    |
    EPS: $-0.03-57.6%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $38.37M+23.9%
    |
    EPS: $-0.05-39.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 5, 2024|
    Revenue: $156.37M-3.5%
    |
    EPS: $-0.21+12.5%
    Miss