Certara, Inc. (CERT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 49.72% of current shares
Recent Dilution: 0.68% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
160M
Potential Supply
78M
Additional shares possible
Splits
None
Past 2 years

Summary

CERT currently has 158M outstanding shares. with moderate dilution risk from 78.4M authorized shares representing 49.7% potential dilution. The company has minimally diluted shareholders by 0.68% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 157.8M shares outstanding

160M 78M
Nov 06, 2025

10-Q filing | 160.4M shares outstanding

160M 78M
Aug 06, 2025

10-Q filing | 160.9M shares outstanding

160M 78M
May 05, 2025

10-Q filing | 161.4M shares outstanding

160M 78M
Feb 26, 2025

10-K filing | 160.4M shares outstanding

160M 78M
Nov 06, 2024

10-Q filing | 160.6M shares outstanding

160M 78M
Aug 06, 2024

10-Q filing | 160.5M shares outstanding

160M 78M
May 07, 2024

10-Q filing | 159.5M shares outstanding

160M 78M
Feb 29, 2024

10-K filing | 158.9M shares outstanding

160M 78M
Nov 08, 2023

10-Q filing | 159.2M shares outstanding

160M 78M
Aug 09, 2023

10-Q filing | 159.9M shares outstanding

160M 78M
May 08, 2023

10-Q filing | 159.7M shares outstanding

160M 78M
Mar 01, 2023

10-K filing | 159.4M shares outstanding

160M 78M
Nov 07, 2022

10-Q filing | 159.6M shares outstanding

160M 78M
Nov 07, 2022

8-K filing: An institutional shareholder affiliated with EQT AB agreed to sell 29,954,521 shares of Certara, Inc.'s common stock to an affiliate of Arsenal Capital Partners at a price of $15.00 per share, subject to customary closing conditions; in connection with this transaction, Certara entered into a letter agreement, a stockholders agreement and a registration rights agreement with Arsenal. ($449.32M proceeds)

160M 78M
Aug 15, 2022

8-K filing: Certara, Inc. entered into an underwriting agreement for an underwritten offering of 7,000,000 shares of the Company's common stock by the selling stockholders, with an option for the underwriter to purchase up to 1,050,000 additional shares; the Company will not receive any proceeds from the offering.

160M 78M
Aug 09, 2022

10-Q filing | 156.5M shares outstanding

160M 78M
May 05, 2022

10-Q filing | 159.2M shares outstanding

160M 78M
Mar 01, 2022

10-K filing | 149.8M shares outstanding

150M 78M
Nov 15, 2021

S-1 filing: Certara, Inc. is offering 10,000,000 shares of common stock, which are being sold by selling stockholders; the company will not receive any proceeds. Underwriters have an option to purchase up to 1,500,000 additional shares.

150M 78M
Nov 09, 2021

10-Q filing | 149.0M shares outstanding

150M 67M
Oct 04, 2021

8-K filing: The Company completed the acquisition of Pinnacle 21, LLC on October 1, 2021, with transaction proceeds including $250 million in cash and 2,239,717 shares of restricted common stock of the Company issued to certain equityholders of Pinnacle.

150M 67M
Sep 03, 2021

S-1 filing: Certara, Inc. is conducting a public offering of common stock, with the company selling 4,500,000 shares and selling stockholders offering 15,500,000 shares. The underwriters also have an option to purchase an additional 3,000,000 shares from the selling stockholders.

150M 67M
Aug 06, 2021

10-Q filing | 147.5M shares outstanding

150M 44M
May 07, 2021

10-Q filing | 152.1M shares outstanding

150M 44M
Mar 22, 2021

S-1 filing: This is an S-1 filing for a public offering of common stock of Certara, Inc. The selling stockholders are offering 17,000,000 shares, with an additional underwriter option to purchase up to 2,550,000 shares. The company will not receive any proceeds from the sale of shares.

N/A 44M
Dec 03, 2020

S-1/A filing: Certara, Inc. is offering 14,630,000 shares of common stock in its initial public offering, with selling stockholders offering 9,760,000 shares. The underwriters may also exercise their option to purchase up to an additional 3,658,500 shares from the selling stockholders.

N/A 24M
Nov 18, 2020

S-1 filing: Certara, Inc. is conducting an initial public offering, selling shares of common stock along with sales by selling stockholders, with shares expected to trade on The Nasdaq Global Select Market under the symbol CERT.

N/A 0
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