Certara, Inc. has released its preliminary first quarter 2025 financial results, showing expected revenue of $106.0 million, compared to $96.7 million in the first quarter of 2024, indicating a growth of 10%. Software revenue was reported at $46.4 million, a growth of 18% from the first quarter of 2024, while services revenue totaled $59.6 million, representing a growth of 4% over the same period.
Bookings for the first quarter of 2025 stood at $118.0 million, compared to $105.8 million in the first quarter of 2024, reflecting a growth of 12%. Software bookings were $40.6 million, a 22% increase from the first quarter of 2024, and services bookings were $77.4 million, a 7% increase over the same period.
Adjusted EBITDA for the first quarter of 2025 is expected to be in the range of $33-$35 million, compared to $29.1 million in the first quarter of 2024, representing a growth of 13-20%.
Looking ahead, Certara is reiterating its guidance for the full year 2025, with revenue expected to be in the range of $415 million to $425 million and a full year adjusted EBITDA margin in the range of 30-32%. Additionally, the company expects full year adjusted diluted earnings per share to be in the range of $0.42 * $0.46, with fully diluted shares expected to be in the range of 162 million to 164 million.
The company also announced a stock repurchase program, with the board authorizing the repurchase of up to $100 million of its outstanding common stock.
Certara has continued to pursue a strategic evaluation of the regulatory services business and has engaged in discussions with several external parties regarding the regulatory services business, with these discussions remaining preliminary at this time.
Certara will host a conference call on May 5, 2025, at 5:00 p.m. ET to discuss its first quarter 2025 financial results. Following these announcements, the company's shares moved 9.2%, and are now trading at a price of $14.1. For the full picture, make sure to review Certara's 8-K report.
