CERUS CORP
CERS · Surgical & Medical Instruments & Apparatus · 200.4M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Reference price $2.60 · est. market cap ~$521M — last insider sale, 2026-06-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54Blood-safety (INTERCEPT) company near breakeven with growth but still unprofitable.
Strengths
- Growth — revenue +16%
- Roughly breakeven cash flow — FCF $1M, current ratio 1.7
Risks
- Operating/net losses — operating margin -4%, net margin -7%, ROE -24%
- Path-to-profitability execution — per 10-K
- Competition/adoption — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -6.7%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 6 notable fund(s): ARK Investment Management LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 18 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$3M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-3.7%
Net margin
-6.7%
Return on equity
-24.3%
Return on assets
-7.0%
Revenue growth (QoQ)
24.1%
Current ratio
1.7×
Free cash flow
$1M
EBITDA
-$7M
Tangible book value
$63M
Cash & investments
$83M
Stock comp / revenue
9.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | BJERKHOLT ERIC | Sell | 20K | $2.60 |
| 2026-06-02 | BJERKHOLT ERIC | Grant | 60K | — |
| 2026-06-02 | NACHTSHEIM JAMI K | Grant | 60K | — |
| 2026-06-02 | Lucena Ann | Grant | 60K | — |
| 2026-06-02 | Witney Frank | Grant | 60K | — |
| 2026-06-02 | Gregory Dean A. | Grant | 60K | — |
| 2026-06-02 | Shan Hua | Grant | 60K | — |
| 2026-05-29 | Jayaraman Vivek K | Sell | 17K | $3.00 |
| 2026-05-01 | Jayaraman Vivek K | Sell | 17K | $3.00 |
| 2026-04-01 | Green Kevin Dennis | Grant | 200K | — |
| 2026-04-01 | Jensen Chrystal | Grant | 200K | — |
| 2026-03-12 | Greenman William Mariner | Sell | 448K | $1.66 |
| 2026-03-12 | Jayaraman Vivek K | Sell | 165K | $1.66 |
| 2026-03-12 | Green Kevin Dennis | Sell | 128K | $1.66 |
| 2026-03-12 | Benjamin Richard J | Sell | 102K | $1.66 |
| 2026-03-09 | Benjamin Richard J | Sell | 40K | $1.88 |
| 2026-03-09 | Benjamin Richard J | Sell | 40K | $1.88 |
| 2026-03-06 | Benjamin Richard J | Sell | 24K | $2.01 |
| 2026-03-06 | Benjamin Richard J | Sell | 24K | $2.01 |
| 2026-03-06 | Jayaraman Vivek K | Sell | 34K | $2.01 |
| 2026-03-06 | Jensen Chrystal | Sell | 31K | $2.01 |
| 2026-03-06 | Green Kevin Dennis | Sell | 28K | $2.01 |
| 2026-03-06 | Greenman William Mariner | Sell | 78K | $2.01 |
| 2026-03-05 | Benjamin Richard J | Grant | 55K | — |
| 2026-03-05 | Green Kevin Dennis | Grant | 64K | — |
| 2026-03-05 | Green Kevin Dennis | Sell | 55K | $2.06 |
| 2026-03-05 | Benjamin Richard J | Sell | 61K | $2.06 |
| 2026-03-05 | Greenman William Mariner | Grant | 193K | — |
| 2026-03-05 | Benjamin Richard J | Sell | 61K | $2.06 |
| 2026-03-05 | Jayaraman Vivek K | Grant | 80K | — |
| 2026-03-05 | Benjamin Richard J | Grant | 55K | — |
| 2026-03-05 | Jensen Chrystal | Grant | 55K | — |
| 2026-03-02 | Greenman William Mariner | Grant | 1.2M | — |
| 2026-03-02 | Jayaraman Vivek K | Grant | 420K | — |
| 2026-03-02 | Jensen Chrystal | Grant | 300K | — |
| 2026-03-02 | Green Kevin Dennis | Grant | 300K | — |
| 2026-03-02 | Benjamin Richard J | Grant | 264K | — |
| 2025-11-24 | Jensen Chrystal | Sell | 55K | $1.70 |
| 2025-08-25 | Gregory Dean A. | Buy | 25K | $1.25 |
| 2025-06-03 | Swisher Daniel N JR | Grant | 60K | — |
| 2025-06-03 | Witney Frank | Grant | 60K | — |
| 2025-06-03 | MOORE TIMOTHY L. | Grant | 60K | — |
| 2025-06-03 | NACHTSHEIM JAMI K | Grant | 60K | — |
| 2025-06-03 | Lucena Ann | Grant | 60K | — |
| 2025-06-03 | Shan Hua | Grant | 60K | — |
| 2025-06-03 | BJERKHOLT ERIC | Grant | 60K | — |
| 2025-03-14 | Benjamin Richard J | Sell | 30K | $1.45 |
| 2025-03-14 | Greenman William Mariner | Sell | 123K | $1.45 |
| 2025-03-14 | Jensen Chrystal | Sell | 30K | $1.45 |
| 2025-03-14 | Green Kevin Dennis | Sell | 37K | $1.45 |
| 2025-03-14 | Jayaraman Vivek K | Sell | 46K | $1.45 |
| 2025-03-13 | Greenman William Mariner | Sell | 71K | $1.45 |
| 2025-03-13 | Jensen Chrystal | Sell | 19K | $1.45 |
| 2025-03-13 | Jayaraman Vivek K | Sell | 30K | $1.45 |
| 2025-03-13 | Green Kevin Dennis | Sell | 23K | $1.45 |
| 2025-03-13 | Benjamin Richard J | Sell | 19K | $1.45 |
| 2025-03-12 | Jensen Chrystal | Sell | 113K | $1.66 |
| 2025-03-07 | Benjamin Richard J | Sell | 26K | $1.50 |
| 2025-03-07 | Jensen Chrystal | Sell | 27K | $1.50 |
| 2025-03-07 | Jayaraman Vivek K | Sell | 34K | $1.50 |
| 2025-03-07 | Greenman William Mariner | Sell | 61K | $1.50 |
| 2025-03-07 | Green Kevin Dennis | Sell | 31K | $1.50 |
| 2025-03-06 | Benjamin Richard J | Grant | 300K | — |
| 2025-03-06 | Greenman William Mariner | Grant | 975K | — |
| 2025-03-06 | Greenman William Mariner | Grant | 166K | — |
| 2025-03-06 | Benjamin Richard J | Grant | 67K | — |
| 2025-03-06 | Green Kevin Dennis | Grant | 392K | — |
| 2025-03-06 | Green Kevin Dennis | Grant | 81K | — |
| 2025-03-06 | Jensen Chrystal | Grant | 70K | — |
| 2025-03-06 | Jensen Chrystal | Grant | 385K | — |
| 2025-03-06 | Jayaraman Vivek K | Grant | 545K | — |
| 2025-03-06 | Jayaraman Vivek K | Grant | 90K | — |
| 2025-03-04 | Benjamin Richard J | Sell | 6.3K | $1.55 |
| 2025-03-04 | Jensen Chrystal | Sell | 6.3K | $1.55 |
| 2025-03-04 | Jensen Chrystal | Sell | 60K | $1.59 |
| 2025-03-04 | Jayaraman Vivek K | Sell | 11K | $1.55 |
| 2025-03-04 | Greenman William Mariner | Sell | 23K | $1.55 |
| 2025-03-04 | Green Kevin Dennis | Sell | 8.4K | $1.55 |
| 2025-03-03 | Benjamin Richard J | Option exercise | 14K | — |
| 2025-03-03 | Green Kevin Dennis | Option exercise | 19K | — |
| 2025-03-03 | Benjamin Richard J | Sell | 51K | $1.58 |
| 2025-03-03 | Jensen Chrystal | Option exercise | 14K | — |
| 2025-03-03 | Jayaraman Vivek K | Option exercise | 24K | — |
| 2025-03-03 | Green Kevin Dennis | Sell | 61K | $1.58 |
| 2025-03-03 | Greenman William Mariner | Option exercise | 58K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- BARDA
- DoD (U.S. Department of Defense)
Suppliers (1)
- TÜV-SÜD
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Material agreement1.02Debt obligation | filing ↗ |
| 2026-06-03 | Exec/director changeShareholder vote | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-04-21 | Exec/director change | filing ↗ |
| 2026-03-16 | Exec/director changeExhibits | filing ↗ |
| 2026-03-02 | ResultsExhibits | filing ↗ |
| 2026-01-23 | Exec/director change | filing ↗ |
| 2026-01-12 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-05 | 0001193125-26-261794 ↗ |
| 8-K | 2026-06-03 | 2026-06-02 | 0001193125-26-255488 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001193125-26-197129 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197777 ↗ |
| 8-K | 2026-04-21 | 2026-04-17 | 0001020214-26-000007 ↗ |
| 8-K | 2026-03-16 | 2026-03-11 | 0001193125-26-108629 ↗ |
| 10-K | 2026-03-02 | 2025-12-31 | 0001193125-26-085678 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-085350 ↗ |
| 8-K | 2026-01-23 | 2026-01-19 | 0001193125-26-021085 ↗ |
| 8-K | 2026-01-12 | 2026-01-11 | 0001193125-26-009824 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-269451 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-270039 ↗ |