CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 149,484	$ 189,392
Accounts receivable, net of allowance for credit losses of $2,300 and $2,235, respectively	96,072	103,525
Prepaid expenses and other current assets	25,004	22,202
Total current assets	270,560	315,119
Other assets:
Property and equipment, net	1,768	1,853
Operating lease right-of-use assets	11,305	11,939
Goodwill	770,761	773,311
Intangible assets, net of accumulated amortization of $433,365 and $415,804, respectively	433,255	447,476
Deferred income taxes	11,115	5,242
Other long-term assets	1,604	1,642
Total assets	1,500,368	1,556,582
Current liabilities:
Accounts payable	3,691	3,426
Accrued expenses	57,286	67,131
Current portion of deferred revenue	76,480	75,412
Current portion of long-term debt	2,963	2,963
Other current liabilities	3,703	4,453
Total current liabilities	144,123	153,385
Long-term liabilities:
Deferred revenue, net of current portion	3,100	2,350
Deferred income taxes	34,746	34,366
Operating lease liabilities, net of current portion	7,789	8,438
Long-term debt, net of current portion and debt discount	289,504	290,131
Other long-term liabilities	4,062	5,117
Total liabilities	483,324	493,787
Commitments and contingencies (refer to note 9)
Stockholders' equity
Preferred shares, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	0	0
Common shares, $0.01 par value, 600,000,000 shares authorized, 164,005,450 shares issued as of both March 31, 2026 and December 31, 2025; 153,325,078 and 159,139,562 shares outstanding as of March 31, 2026 and December 31, 2025, respectively	1,641	1,641
Additional paid-in capital	1,262,973	1,255,653
Accumulated deficit	(138,639)	(129,876)
Accumulated other comprehensive income (loss)	(1,869)	2,040
Treasury stock at cost, 10,680,372 and 4,865,888 shares at March 31, 2026 and December 31, 2025, respectively	(107,062)	(66,663)
Total stockholders' equity	1,017,044	1,062,795
Total liabilities and stockholders' equity	$ 1,500,368	$ 1,556,582

Certara, Inc. 10-Q