Certara reported higher third-quarter revenue and adjusted EBITDA, led by double-digit software growth, while services revenue declined. The company also narrowed its 2026 revenue-growth outlook and appointed Grant Peterson, a longtime enterprise-software executive, as chief product officer.
The results cover continuing operations and exclude Certara’s Regulatory and Medical Writing business, which is reported as discontinued operations.
Key details
- Revenue rose 4% to $94.9 million from $90.9 million a year earlier.
- Software revenue increased 11% to $48.8 million, up from $43.8 million. Chief Executive Jon Resnick said software revenue grew 11% organically, marking the company’s first double-digit software-growth quarter in two years.
- Services revenue fell 2% to $46.1 million, compared with $47.1 million a year earlier.
- The net loss from continuing operations narrowed to $3.6 million from $4.8 million in the third quarter of 2025.
- Adjusted EBITDA rose 6% to $30.2 million. Its margin was 31.8%, compared with 31.5% a year earlier. The company said the margin improved by more than 370 basis points from the second quarter.
- Cash from continuing operations was $30.7 million for the quarter, and Certara ended the period with $214.9 million in cash.
- Certara narrowed its 2026 full-year revenue-growth outlook to 2%–3%. The announcement did not provide the previous range.
- Grant Peterson became chief product officer on November 2. He previously held product leadership roles at Conga and spent 12 years as chief technology officer at DocuSign. At Certara, he will guide product investment across existing and new offerings, with an emphasis on customer input and the broader technology ecosystem.
The quarter’s growth was driven by software, while services revenue contracted. The reported full-year growth outlook applies to continuing operations, excluding the Regulatory and Medical Writing business.