Strata Critical Medical, Inc. (SRTA)

Strata Critical Medical, Inc. provides time-critical logistics and medical services to the healthcare industry in the United States. It operates in two segments, Logistics and Clinical. The company offers logistics services, such as air and ground transportation for human organs, transplant teams, and related medical materials and organ placement services; transplant clinical services, including organ recovery procedures, normothermic regional perfusion, and preservation services. It also provides other clinical services comprising cardiac perfusion services, blood management and autotransfusion services, extracorporeal membrane oxygenation services, perfusion staffing, and equipment rentals. The company was formerly known as Blade Air Mobility, Inc. and changed its name to Strata Critical Medical, Inc. in August 2025. The company was founded in 2014 and is headquartered in New York, New York.

Symbol
SRTA
Exchange
Nasdaq
Sector
Healthcare
Industry
Medical Care Facilities
Market cap
$462.11M
52 week range
3.95 - 6.5

Valuation

Share price
$5.38 (close of 2026-09-23)
P/E (TTM)
10.72x
Price to book
1.65x
Price to free cash flow
-9.54x
Enterprise value
$450.04M
Book value per share
$3.24

Price performance

PeriodChange
1 day-0.37%
5 days+1.70%
1 month-13.78%
3 months-3.41%
6 months+24.25%
Year to date+11.85%
1 year-3.24%
3 years+101.50%
5 years-52.56%
All time-44.82%

Profitability and growth

Return on equity
14.82%
Return on invested capital
-8.89%
Return on assets
12.70%
Return on capital employed
-7.31%
Gross margin
20.86%
Net margin
20.97%
EBITDA margin
-7.19%
Revenue growth
34.28%
Net income growth
251.42%
Free cash flow growth
-75.28%

Cash flow and balance sheet

Free cash flow yield (TTM)
-10.48%
Current ratio
2.64x
Net debt to EBITDA
2.93x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$197.14M
Cost of revenue
$156.01M
Gross profit
$41.13M
EBITDA
$-14.17M
Net income
$41.35M
Earnings per share
$0.50
Shares outstanding
82.09M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$197.14M$41.13M$41.35M$0.50
2024-12-31$146.82M$29.59M$-27.31M$-0.35
2023-12-31$225.18M$42.12M$-56.08M$-0.76
2022-12-31$146.12M$22.27M$-27.26M$-0.38
2021-09-30$50.53M$10.52M$-40.05M$-0.93
2020-12-31--$-20.52M$-2.17
2020-09-30$23.43M$2.33M$-10.16M$-0.40
2019-12-31--$2.33M$0.19
2019-09-30$31.20M$4.70M$-10.84M$-0.43

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3120.86%20.97%14.82%-8.89%
2024-12-3120.15%-18.60%-12.30%-10.90%
2023-12-3118.71%-24.90%-23.93%-28.86%
2022-12-3115.24%-18.66%-9.93%-20.98%
2021-09-3020.82%-79.27%-13.75%-7.18%
2020-12-31---410.44%-16.33%
2020-09-309.93%-43.36%-91.70%-
2019-12-31--46.63%-
2019-09-3015.06%-34.74%-52.27%-

Cash and debt by year

Period endCash
2025-12-31$30.97M
2024-12-31$18.38M
2023-12-31$27.87M
2022-12-31$41.34M
2021-09-30$6.95M
2020-12-31$846.07K
2020-09-30$12.16M
2019-12-31$1.31M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-58.51M$17.83M
2024-12-31$-33.38M$19.89M
2023-12-31$-34.46M$12.50M
2022-12-31$-37.86M$8.28M
2021-09-30$-15.91M$9.62M
2020-12-31$-794.47K-
2020-09-30$-11.20M$490.00K
2019-09-30$-10.91M$317.00K

Investor relations

Next earnings report

Next confirmed report
2026-11-09
Consensus EPS estimate
$0.01

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-04Jun/2026-
2026-05-06--
2026-03-03--
2025-11-10--
2025-08-05--
2025-05-12--
2025-03-13--
2024-11-12--

Filings and sources

Company website
stratacritical.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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