“Interest Expense Interest expense decreased during the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily due to a decrease in interest rates on our Term Loan.”10-Q · Apr 30, 2026 ↗
Cerus Corporation
CERS
Market read
Cerus Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
- CERS's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CERS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- CERS's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +16.1% year over year.
- Operating margin changed +3.4 percentage points in the latest annual period.
- Net margin changed +3.7 percentage points in the latest annual period.
- Product pipeline and R&D has repeated favorable evidence across 4 filings.
- Diluted shares increased 3.3% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
2.46Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“While our contracts with BARDA are not currently impacted by these orders, should the U.S.”10-Q · Apr 30, 2026 ↗
“Months Ended March 31, (in thousands, except percentages) 2026 2025 Change Research and development $ 14,532 $ 16,605 $ (2,073 ) (12 %) Research and development expenses decreased during the three months ended March 31, 2026 compared to the three months ended…”10-Q · Apr 30, 2026 ↗
“We expect to incur additional selling, general and administrative costs associated with inflationary pressures on labor and vendor costs, and due to escalating trade tensions and tariffs.”10-Q · Apr 30, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CERS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CERS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CERS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MFICMidCap Financial Investment CorporationlenderApr 30, 2026 ▾
“15 The Company also maintained a Credit, Security and Guaranty Agreement (Revolving Loan) (the “Prior Revolving Loan Credit Agreement”) with MidCap.”
RSReliance, Inc.partnerApr 30, 2026 ▾
“Risks Related to Our Reliance on Third Parties We rely on third parties to market, sell, distribute and maintain our products and to maintain customer relationships in certain countries.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CERS is currently a Follower in the organic co-movement group Consumer Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CERS; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.