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Nasdaq · Healthcare

Strata Critical Medical, Inc. (SRTA)

As-reported financials and SEC filings for Strata Critical Medical, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Strata Critical Medical, Inc.

Strata Critical Medical, Inc. provides time-critical logistics and medical services to the U.S. healthcare industry, focusing on organ transplant support. The company offers air and ground transportation of donor organs, organ placement coordination, surgical organ recovery, and preservation services, serving transplant centers, organ procurement organizations, and hospitals. Strata operates under the Trinity and Keystone brands, delivering integrated logistics and clinical solutions including perfusion staffing and equipment for cardiovascular surgery centers.

Snapshot

Revenue
$197.1M
Revenue growth (YoY)
34.3%
Net income
$41.3M
Diluted EPS
$0.50
Gross margin
20.9%
Operating margin
-11.3%
Net margin
21.0%
FCF margin
-29.7%
ROE
14.8%
net income / fiscal-year-end equity
P/E
11.9×
trailing when available, otherwise FY EPS
Market cap
$528.1M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Strata Critical Medical

  • Revenue grew 34.3% to $197M in FY2025, after a 34.8% decline the year before.
  • Operating margin is -11.3% in FY2025, +36.3 pp against -47.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $73M, up 60.7% from Q2 FY2025.
  • Free cash flow was negative $59M in FY2025.
  • Net income turned positive at $41M in FY2025, from a $27M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Strata Critical Medical’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin20.9%
6th percentile of 282
Operating margin-11.3%
32nd percentile of 399
Net margin21.0%
88th percentile of 418
FCF margin-29.7%
14th percentile of 372
Revenue growth (YoY)+34.3%
78th percentile of 538
ROE14.8%
81st percentile of 473
P/E11.9×
20th percentile of 201
Short interest3.25d
36th percentile of 557

Strata Critical Medical’s gross margin of 20.9% ranks in the 6th percentile of the 282 Healthcare companies reporting it. Strata Critical Medical’s net margin of 21.0% ranks in the 88th percentile of the 418 Healthcare companies reporting it. Strata Critical Medical’s FCF margin of -29.7% ranks in the 14th percentile of the 372 Healthcare companies reporting it.

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $449,601. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+3 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$56.8M
reported long value
InvestorAs ofPosition valueSharesChange
Third PointQ2 2026$26.4M5.0MHeld
ARK Investment ManagementQ2 2026$14.4M2.7MReduced
First Eagle Investment ManagementQ2 2026$12.2M2.3MAdded
Renaissance TechnologiesquantQ2 2026$2.6M492.4KAdded
AQR Capital ManagementquantQ2 2026$735,808139.6KAdded
Point72 Asset ManagementquantQ2 2026$492,02393.4KAdded

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
5
$450K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-10
filed 2026-08-13
Love ReginaldDirectorSell5.1K$5.75$29K
2026-06-08
filed 2026-06-10
Heyburn William A.Co-CEO and CFOSell31.7K$5.87$186K
2026-06-08
filed 2026-06-10
Tomkiel Melissa M.Co-CEO and General CounselSell29.7K$5.87$175K
2026-06-08
filed 2026-06-10
Wunsch Scott MCEO, LogisticsSell5.5K$5.87$33K
2026-06-08
filed 2026-06-10
Cohen AmirChief Accounting OfficerSell4.7K$5.87$27K
2026-05-22
filed 2026-05-26
Cohen AmirChief Accounting OfficerSell40.6K$5.91$240K
2026-05-21
filed 2026-05-26
Cohen AmirChief Accounting OfficerSell10.3K$5.79$60K
2026-05-11
filed 2026-05-13
Cohen AmirChief Accounting OfficerSell14.3K$5.79$83K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.2M
settled 2026-08-14
Change vs prior
-0.2%
vs previous settlement
Days to cover
3.25
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.2M-0.2%3.25
2026-07-314.2M-2.9%4.32
2026-07-154.3M+6.2%4.49
2026-06-304.1M-47.9%2.51
2026-06-157.8M+56.8%7.20
2026-05-295.0M-27.4%4.78
2026-05-156.9M+7.5%5.95
2026-04-306.4M+8.3%9.45

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$197.1M$146.8M$225.2M$146.1M$50.5M
Gross profit$41.1M$29.6M$42.1M$22.3M$10.5M
Operating income$-22.4M$-22.5M$-68.1M$-53.5M$-24.1M
Net income$41.3M$-27.3M$-56.1M$-27.3M$-40.1M
Diluted EPS$0.50$-0.35$-0.76$-0.38$-0.93

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$31.0M$18.4M$27.9M$41.3M$7.0M
Current assets$126.2M$160.7M$206.3M$218.1M$314.4M
Total assets$325.5M$256.7M$294.9M$325.0M$343.4M
Current liabilities$19.8M$22.7M$35.5M$26.6M$9.5M
Long-term debt$0
Total liabilities$46.4M$34.7M$60.6M$50.5M$52.2M
Total equity$279.1M$221.9M$234.3M$274.5M$291.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-48.9M$-2.5M$-32.3M$-37.1M$-15.6M
Capital expenditure$9.6M$30.9M$2.1M$730,000$297,000
Free cash flow$-58.5M$-33.4M$-34.5M$-37.9M$-15.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$72.5M60.7%$-10.5M$-0.12
Q1 FY2026$67.4M87.4%$2.2M$0.03
Q4 FY2025$66.8M83.5%$-8.8M$-0.10
Q3 FY2025$49.3M36.7%$57.4M$0.70
Q2 FY2025$45.1M-33.6%$-3.7M$-0.05
Q1 FY2025$35.9M-30.2%$-3.5M$-0.04
Q4 FY2024$36.4M-23.4%$-9.8M$-0.12
Q3 FY2024$36.1M-49.5%$-2.0M$-0.03

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryServices-Health Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1779128

Selected SEC filings

10-K2026-03-03
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-06
View on EDGAR →
8-K2026-03-03
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.