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Dec 31, 2025
Strata Critical Medical Q4 2025 Earnings Report
Strata Critical Medical Q4 2025 Earnings Report
Key Takeaways
Strata Critical Medical delivered a strong fourth quarter with revenue increasing 83.5% year-over-year to $66.8 million, driven by the integration of the Keystone acquisition and 35.3% organic growth in its Logistics segment. While the company reported a net loss from continuing operations of $5.4 million, Adjusted EBITDA grew significantly to $7.0 million. Management raised its full-year 2026 guidance, citing a robust M&A pipeline and favorable regulatory shifts in the transplant industry.
Total revenue grew 83.5% year-over-year to $66.8 million, significantly boosted by the Keystone acquisition and organic logistics growth.
Logistics segment revenue increased 35.3% to $49.2 million, reflecting strong organic demand from new and existing transplant customers.
Adjusted EBITDA reached $7.0 million in Q4 2025, a 547% increase compared to $1.1 million in the prior year period.
The company raised its FY 2026 revenue guidance to $260-$275 million and Adjusted EBITDA guidance to $29-$33 million.
Revenue by Segment
Forward Guidance
Strata raised its full-year 2026 outlook across revenue and Adjusted EBITDA, expecting continued momentum from M&A and organic growth.
Positive Outlook
- Raised FY 2026 revenue guidance to $260 million - $275 million.
- Raised FY 2026 Adjusted EBITDA guidance to $29 million - $33 million.
- Projected Free Cash Flow before aircraft acquisitions of $15 million - $22 million.
- Strong acquisition pipeline with multiple opportunities under exclusivity.
- Favorable regulatory environment prioritizing efficient organ utilization.
Challenges Ahead
- Potential variability in incentive and stock-based compensation costs.
- Unpredictable impact of transaction-related expenses on GAAP results.
- Risks associated with the integration of future acquisitions.
- Dependence on organ donor availability and transplant volumes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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