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Stocks · Health care · Surgical & Medical Instruments & Apparatus

CERUS CORP

CERS Clue Score36
United States Fiscal year ends December CIK 0001020214
$2.30 +0.88% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.30 −61.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue39.3Operating income−61.4Net income−62.9EPS, diluted−0.62Fiscal year 2017Revenue51.3 +30.7%Operating income−57.5Net income−60.6EPS, diluted−0.56Fiscal year 2018Revenue76.1 +48.2%Operating income−55.0Net income−57.6EPS, diluted−0.44Fiscal year 2019Revenue93.8 +23.3%Operating income−66.2Net income−71.2Fiscal year 2020Revenue114.2 +21.8%Operating income−58.3Net income−59.9EPS, diluted−0.37Fiscal year 2021Revenue159.5 +39.6%Operating income−48.9Net income−54.4EPS, diluted−0.32Fiscal year 2022Revenue188.3 +18.1%Operating income−34.1Net income−42.8EPS, diluted−0.24Fiscal year 2023Revenue186.8 −0.8%Operating income−30.1Net income−37.5EPS, diluted−0.21Fiscal year 2024Revenue201.3 +7.8%Operating income−14.2Net income−20.9EPS, diluted−0.11Fiscal year 2025Revenue233.8 +16.1%Operating income−8.7Net income−15.6EPS, diluted−0.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 39.3 51.3 76.1 93.8 114.2 159.5 188.3 186.8 201.3 233.8
Growth +30.7% +48.2% +23.3% +21.8% +39.6% +18.1% −0.8% +7.8% +16.1%
Operating income −61.4 −57.5 −55.0 −66.2 −58.3 −48.9 −34.1 −30.1 −14.2 −8.7
Net income −62.9 −60.6 −57.6 −71.2 −59.9 −54.4 −42.8 −37.5 −20.9 −15.6
Growth
EPS, diluted −0.62 −0.56 −0.44 n/a −0.37 −0.32 −0.24 −0.21 −0.11 −0.08
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin43.0%Operating margin−156.5%Net margin−160.2%Free cash flow margin−137.7%Fiscal year 2017Operating margin−112.1%Net margin−118.0%Free cash flow margin−102.5%Fiscal year 2018Operating margin−72.3%Net margin−75.7%Free cash flow margin−42.6%Fiscal year 2019Operating margin−70.6%Net margin−76.0%Free cash flow margin−79.4%Fiscal year 2020Operating margin−51.1%Net margin−52.4%Free cash flow margin−38.0%Fiscal year 2021Operating margin−30.7%Net margin−34.1%Free cash flow margin−21.8%Fiscal year 2022Operating margin−18.1%Net margin−22.7%Free cash flow margin−14.7%Fiscal year 2023Operating margin−16.1%Net margin−20.1%Free cash flow margin−25.6%Fiscal year 2024Operating margin−7.1%Net margin−10.4%Free cash flow margin4.2%Fiscal year 2025Operating margin−3.7%Net margin−6.7%Free cash flow margin0.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 43.0% n/a n/a n/a n/a n/a n/a n/a n/a n/a
Operating margin −156.5% −112.1% −72.3% −70.6% −51.1% −30.7% −18.1% −16.1% −7.1% −3.7%
Net margin −160.2% −118.0% −75.7% −76.0% −52.4% −34.1% −22.7% −20.1% −10.4% −6.7%
Free cash flow margin −137.7% −102.5% −42.6% −79.4% −38.0% −21.8% −14.7% −25.6% 4.2% 0.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−53.5Capital expenditure−0.6Free cash flow−54.1Fiscal year 2017Operating cash flow−52.2Capital expenditure−0.4Free cash flow−52.6Fiscal year 2018Operating cash flow−31.2Capital expenditure−1.1Free cash flow−32.4Fiscal year 2019Operating cash flow−65.5Capital expenditure−8.9Free cash flow−74.4Fiscal year 2020Operating cash flow−41.8Capital expenditure−1.6Free cash flow−43.4Fiscal year 2021Operating cash flow−33.9Capital expenditure−0.9Free cash flow−34.8Fiscal year 2022Operating cash flow−25.6Capital expenditure−2.0Free cash flow−27.6Fiscal year 2023Operating cash flow−43.2Capital expenditure−4.6Free cash flow−47.8Fiscal year 2024Operating cash flow11.4Capital expenditure−2.8Free cash flow8.5Fiscal year 2025Operating cash flow4.8Capital expenditure−3.7Free cash flow1.1 −87.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −53.5 −52.2 −31.2 −65.5 −41.8 −33.9 −25.6 −43.2 11.4 4.8
Capital expenditure −0.6 −0.4 −1.1 −8.9 −1.6 −0.9 −2.0 −4.6 −2.8 −3.7
Free cash flow −54.1 −52.6 −32.4 −74.4 −43.4 −34.8 −27.6 −47.8 8.5 1.1
Growth −87.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash22.6Shareholders’ equity57.8Fiscal year 2017Cash13.7Shareholders’ equity38.9Fiscal year 2018Cash28.9Shareholders’ equity84.5Fiscal year 2019Cash35.0Shareholders’ equity57.1Fiscal year 2020Cash36.6Shareholders’ equity103.8Fiscal year 2021Cash48.8Shareholders’ equity84.6Fiscal year 2022Cash35.6Shareholders’ equity67.6Fiscal year 2023Cash11.6Shareholders’ equity52.7Fiscal year 2024Cash20.3Shareholders’ equity56.1Fiscal year 2025Cash20.0Shareholders’ equity64.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 22.6 13.7 28.9 35.0 36.6 48.8 35.6 11.6 20.3 20.0
Shareholders’ equity 57.8 38.9 84.5 57.1 103.8 84.6 67.6 52.7 56.1 64.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
39.3 51.3 76.1 93.8 114.2 159.5 188.3 186.8 201.3 233.8
Growth +30.7% +48.2% +23.3% +21.8% +39.6% +18.1% −0.8% +7.8% +16.1%
20.3 22.5 31.6 33.4 41.2 n/a n/a n/a n/a n/a
16.9 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Growth
49.0 52.6 56.8 66.2 67.0 81.3 83.3 75.5 75.9 80.9
−61.4 −57.5 −55.0 −66.2 −58.3 −48.9 −34.1 −30.1 −14.2 −8.7
Growth
−62.7 −56.7 −57.3 −71.0 −59.6 −54.1 −42.3 −37.3 −20.8 −15.3
0.2 3.9 0.2 0.3 0.3 0.3 0.5 0.3 0.2 0.4
−62.9 −60.6 −57.6 −71.2 −59.9 −54.4 −42.8 −37.5 −20.9 −15.6
Growth
Per share
−0.62 −0.56 −0.44 n/a −0.37 −0.32 −0.24 −0.21 −0.11 −0.08
−0.62 −0.56 −0.44 n/a −0.37 −0.32 −0.24 −0.21 −0.11 −0.08
Growth
101.8 108.2 131.7 139.8 163.9 171.3 176.5 180.3 184.6 190.6
101.8 108.2 131.7 139.8 163.9 171.3 176.5 180.3 184.6 190.6
Growth +6.3% +21.7% +6.2% +17.2% +4.5% +3.1% +2.1% +2.4% +3.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 15.4% a year over five years.
  • The diluted share count rose 16.3% in five years, which is dilution.
  • Operating margin is up 47.3 points on five years ago, at -3.7%.
  • A net loss in 10 of 10 years on file.