Strata Critical Medical, Inc.
SRTA · Services-Health Services · 86.5M shares · +33%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$20M (gross $244K, SBC $20M)
Reference price $5.87 · est. market cap ~$508M — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Strata Critical Medical — mobile/critical-medical-services firm, mixed and cash-burning.
Strengths
- High ROA (94th pct); strong liquidity (current 6.4)
Risks
- Operating loss; negative free cash flow (10th pct); ~4.2q runway
- Distorted reported net margin; sub-scale
Notable findings
- Cash burnNegative free cash flow (-58.5M)
- Chronic dilutionShare count +33%/yr over 4y (dilution, book value/share -69%)
- Insider sellingInsider selling — 7 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$802,594, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
20.9%
Operating margin
-11.3%
Net margin
21.0%
Return on equity
14.8%
Return on assets
12.7%
Revenue growth (QoQ)
0.9%
Current ratio
6.4×
Free cash flow
-$59M
EBITDA
-$14M
Tangible book value
$143M
Cash & investments
$61M
Cash runway
4q
Stock comp / revenue
9.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Tomkiel Melissa M. | Tax withheld | 30K | $5.87 |
| 2026-06-08 | Heyburn William A. | Tax withheld | 32K | $5.87 |
| 2026-06-08 | Wunsch Scott M | Tax withheld | 5.5K | $5.87 |
| 2026-06-08 | Heyburn William A. | Sell | 32K | $5.87 |
| 2026-06-08 | Cohen Amir | Sell | 4.7K | $5.87 |
| 2026-06-08 | Tomkiel Melissa M. | Sell | 30K | $5.87 |
| 2026-06-08 | Wunsch Scott M | Sell | 5.5K | $5.87 |
| 2026-06-08 | Cohen Amir | Tax withheld | 4.7K | $5.87 |
| 2026-05-22 | Cohen Amir | Sell | 41K | $5.91 |
| 2026-05-21 | Cohen Amir | Sell | 10K | $5.79 |
| 2026-05-11 | Cohen Amir | Sell | 14K | $5.79 |
| 2026-04-24 | Heyburn William A. | Tax withheld | 302K | $4.92 |
| 2026-04-24 | Wunsch Scott M | Tax withheld | 14K | $4.92 |
| 2026-04-24 | Cohen Amir | Tax withheld | 41K | $4.92 |
| 2026-04-24 | Tomkiel Melissa M. | Tax withheld | 322K | $4.92 |
| 2026-04-23 | Heyburn William A. | Grant | 546K | — |
| 2026-04-23 | Tomkiel Melissa M. | Grant | 630K | — |
| 2026-04-23 | Wunsch Scott M | Grant | 57K | — |
| 2026-04-23 | Cohen Amir | Grant | 84K | — |
| 2026-03-16 | Wunsch Scott M | Grant | 18K | — |
| 2026-03-08 | Cohen Amir | Tax withheld | 2.4K | $4.54 |
| 2026-03-08 | Heyburn William A. | Tax withheld | 31K | $4.54 |
| 2026-03-08 | Wunsch Scott M | Tax withheld | 3.6K | $4.54 |
| 2026-03-08 | Tomkiel Melissa M. | Tax withheld | 29K | $4.54 |
| 2026-02-24 | Wunsch Scott M | Grant | 51K | — |
| 2026-02-24 | Cohen Amir | Grant | 64K | — |
| 2026-01-02 | Tomkiel Melissa M. | Option exercise | 277K | $0.18 |
| 2025-12-10 | Tomkiel Melissa M. | Tax withheld | 34K | $4.38 |
| 2025-12-10 | Wunsch Scott M | Tax withheld | 22K | $4.38 |
| 2025-12-10 | Cohen Amir | Tax withheld | 3.7K | $4.38 |
| 2025-12-10 | Heyburn William A. | Tax withheld | 35K | $4.38 |
| 2025-12-09 | Heyburn William A. | Buy | 17K | $4.47 |
| 2025-12-05 | LAUCK ANDREW | Buy | 5.0K | $4.37 |
| 2025-12-02 | Verdetto Louis R. | Grant | 64K | — |
| 2025-12-02 | Cook William L. III | Grant | 33K | — |
| 2025-12-02 | Wunsch Scott M | Grant | 13K | — |
| 2025-12-02 | Cook William L. III | Grant | 20K | — |
| 2025-11-20 | Love Reginald | Sell | 11K | $4.37 |
| 2025-11-19 | Love Reginald | Sell | 11K | $4.31 |
| 2025-11-07 | Tomkiel Melissa M. | Option exercise | 28K | $0.18 |
| 2025-11-03 | Heyburn William A. | Tax withheld | 100K | $5.03 |
| 2025-11-03 | Cohen Amir | Tax withheld | 20K | $5.03 |
| 2025-11-03 | Tomkiel Melissa M. | Tax withheld | 107K | $5.03 |
| 2025-10-31 | Heyburn William A. | Grant | 181K | — |
| 2025-10-31 | Tomkiel Melissa M. | Grant | 209K | — |
| 2025-10-31 | Cohen Amir | Grant | 42K | — |
| 2025-10-22 | Tomkiel Melissa M. | Option exercise | 56K | $0.18 |
| 2025-10-10 | Tomkiel Melissa M. | Option exercise | 56K | $0.18 |
| 2025-09-10 | Cohen Amir | Tax withheld | 3.7K | $4.00 |
| 2025-09-10 | Cohen Amir | Tax withheld | 3.7K | $4.00 |
| 2025-09-10 | Wunsch Scott M | Tax withheld | 2.4K | $4.00 |
| 2025-09-10 | Heyburn William A. | Tax withheld | 35K | $4.00 |
| 2025-09-10 | Tomkiel Melissa M. | Tax withheld | 34K | $4.00 |
| 2025-09-04 | Cohen Amir | Tax withheld | 5.5K | $4.37 |
| 2025-08-29 | LAUCK ANDREW | Grant | 12K | — |
| 2025-08-29 | WIESENTHAL ROBERT S | Grant | 41K | — |
| 2025-08-29 | Cohen Amir | Grant | 12K | — |
| 2025-08-14 | Wunsch Scott M | Grant | 22K | — |
| 2025-08-07 | Tomkiel Melissa M. | Option exercise | 24K | $0.18 |
| 2025-08-06 | Tomkiel Melissa M. | Option exercise | 20K | $0.18 |
| 2025-08-06 | WIESENTHAL ROBERT S | Option exercise | 282K | $0.18 |
| 2025-08-04 | Heyburn William A. | Sell | 47K | $4.94 |
| 2025-08-04 | Tomkiel Melissa M. | Sell | 48K | $4.94 |
| 2025-08-01 | WIESENTHAL ROBERT S | Grant | 246K | — |
| 2025-08-01 | WIESENTHAL ROBERT S | Tax withheld | 136K | $3.99 |
| 2025-08-01 | Tomkiel Melissa M. | Grant | 161K | — |
| 2025-08-01 | Tomkiel Melissa M. | Tax withheld | 81K | $3.99 |
| 2025-08-01 | Heyburn William A. | Grant | 139K | — |
| 2025-08-01 | Heyburn William A. | Tax withheld | 76K | $3.99 |
| 2025-08-01 | Lyne Susan M | Grant | 36K | — |
| 2025-08-01 | LERER KENNETH B | Grant | 36K | — |
| 2025-08-01 | Love Reginald | Grant | 36K | — |
| 2025-08-01 | Borthwick John | Grant | 36K | — |
| 2025-08-01 | LAUCK ANDREW | Grant | 36K | — |
| 2025-08-01 | PHILIP EDWARD M | Grant | 36K | — |
| 2025-08-01 | Cohen Amir | Grant | 32K | — |
| 2025-08-01 | Cohen Amir | Tax withheld | 15K | $3.99 |
| 2025-08-01 | Affeldt Eric | Grant | 36K | — |
| 2025-06-10 | Wunsch Scott M | Tax withheld | 2.2K | $3.80 |
| 2025-06-10 | Heyburn William A. | Tax withheld | 35K | $3.80 |
| 2025-06-10 | Cohen Amir | Tax withheld | 3.7K | $3.80 |
| 2025-06-10 | WIESENTHAL ROBERT S | Tax withheld | 91K | $3.80 |
| 2025-06-10 | Tomkiel Melissa M. | Tax withheld | 34K | $3.80 |
| 2025-06-09 | Tomkiel Melissa M. | Sell | 100K | $4.08 |
| 2025-06-09 | Heyburn William A. | Sell | 100K | $4.07 |
| 2025-05-06 | Wunsch Scott M | Grant | 8.3K | — |
| 2025-05-06 | LAUCK ANDREW | Grant | 56K | — |
| 2025-05-06 | LAUCK ANDREW | Grant | 27K | — |
| 2025-03-28 | Tomkiel Melissa M. | Option exercise | 28K | $0.18 |
| 2025-03-27 | WIESENTHAL ROBERT S | Option exercise | 1.2M | $0.18 |
| 2025-03-27 | WIESENTHAL ROBERT S | Tax withheld | 718K | $2.98 |
| 2025-03-26 | Tomkiel Melissa M. | Option exercise | 28K | $0.18 |
| 2025-03-13 | Cohen Amir | Grant | 51K | — |
| 2025-03-13 | Cohen Amir | Tax withheld | 27K | $3.12 |
| 2025-03-13 | Cohen Amir | Tax withheld | 5.2K | $3.12 |
| 2025-03-13 | Tomkiel Melissa M. | Grant | 257K | — |
| 2025-03-13 | Tomkiel Melissa M. | Tax withheld | 132K | $3.12 |
| 2025-03-13 | Heyburn William A. | Grant | 223K | — |
| 2025-03-13 | Heyburn William A. | Tax withheld | 124K | $3.12 |
| 2025-03-13 | Heyburn William A. | Tax withheld | 36K | $3.12 |
| 2025-03-13 | Tomkiel Melissa M. | Tax withheld | 34K | $3.12 |
| 2025-03-13 | WIESENTHAL ROBERT S | Grant | 394K | — |
| 2025-03-13 | WIESENTHAL ROBERT S | Tax withheld | 218K | $3.12 |
| 2025-03-13 | WIESENTHAL ROBERT S | Tax withheld | 91K | $3.12 |
| 2025-03-13 | Wunsch Scott M | Tax withheld | 2.6K | $3.12 |
| 2025-02-07 | Wunsch Scott M | Grant | 7.0K | — |
| 2025-01-10 | Tomkiel Melissa M. | Option exercise | 50K | $0.18 |
| 2025-01-08 | Tomkiel Melissa M. | Option exercise | 16K | $0.18 |
| 2025-01-08 | Tomkiel Melissa M. | Option exercise | 28K | $0.18 |
| 2025-01-08 | Heyburn William A. | Option exercise | 175K | $0.18 |
| 2025-01-08 | Tomkiel Melissa M. | Option exercise | 6.3K | $0.18 |
| 2025-01-07 | Heyburn William A. | Sell | 900 | $5.00 |
| 2025-01-06 | Heyburn William A. | Sell | 104K | $5.02 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Shareholder vote | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-03-03 | ResultsExhibits | filing ↗ |
| 2026-02-05 | Material agreementReg FDExhibits | filing ↗ |
| 2025-12-03 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-02 | Acquisition/dispositionExhibits | filing ↗ |
| 2025-11-10 | ResultsExhibits | filing ↗ |
| 2025-09-16 | Material agreementAcquisition/disposition3.02Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-05-28 | 0001628280-26-040342 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001628280-26-031032 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001628280-26-030898 ↗ |
| 10-K | 2026-03-03 | 2025-12-31 | 0001628280-26-013628 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001628280-26-013553 ↗ |
| 8-K | 2026-02-05 | 2026-01-30 | 0001104659-26-010689 ↗ |
| 8-K | 2025-12-03 | 2025-12-02 | 0001104659-25-118180 ↗ |
| 8-K/A | 2025-12-02 | 2025-09-16 | 0001628280-25-054709 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001628280-25-050785 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001628280-25-050870 ↗ |
| 8-K | 2025-09-16 | 2025-09-16 | 0001779128-25-000114 ↗ |
| 8-K/A | 2025-09-12 | 2025-05-08 | 0001779128-25-000102 ↗ |