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Side-by-side financial comparison of Certara, Inc. (CERT) and Lulu's Fashion Lounge Holdings, Inc. (LVLU). Click either name above to swap in a different company.

Certara, Inc. is the larger business by last-quarter revenue ($103.6M vs $66.1M, roughly 1.6× Lulu's Fashion Lounge Holdings, Inc.). Certara, Inc. runs the higher net margin — -5.7% vs -48.2%, a 42.5% gap on every dollar of revenue. On growth, Certara, Inc. posted the faster year-over-year revenue change (3.3% vs -11.8%). Certara, Inc. produced more free cash flow last quarter ($27.8M vs $-2.6M). Over the past eight quarters, Certara, Inc.'s revenue compounded faster (3.6% CAGR vs -14.7%).

Certara is a global leader in biopharmaceutical software and consulting services, specializing in modeling, simulation, and regulatory science solutions. It serves pharmaceutical companies, biotech firms and healthcare stakeholders across all drug development stages, helping accelerate new therapy launches, lower R&D risks and cut overall development costs.

Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.

CERT vs LVLU — Head-to-Head

Bigger by revenue
CERT
CERT
1.6× larger
CERT
$103.6M
$66.1M
LVLU
Growing faster (revenue YoY)
CERT
CERT
+15.0% gap
CERT
3.3%
-11.8%
LVLU
Higher net margin
CERT
CERT
42.5% more per $
CERT
-5.7%
-48.2%
LVLU
More free cash flow
CERT
CERT
$30.4M more FCF
CERT
$27.8M
$-2.6M
LVLU
Faster 2-yr revenue CAGR
CERT
CERT
Annualised
CERT
3.6%
-14.7%
LVLU

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
CERT
CERT
LVLU
LVLU
Revenue
$103.6M
$66.1M
Net Profit
$-5.9M
$-31.9M
Gross Margin
37.9%
Operating Margin
0.8%
-52.8%
Net Margin
-5.7%
-48.2%
Revenue YoY
3.3%
-11.8%
Net Profit YoY
-189.6%
-340.9%
EPS (diluted)
$-0.04
$-13.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CERT
CERT
LVLU
LVLU
Q4 25
$103.6M
Q3 25
$104.6M
Q2 25
$104.6M
Q1 25
$106.0M
Q4 24
$100.4M
$66.1M
Q3 24
$94.8M
$80.5M
Q2 24
$93.3M
$92.0M
Q1 24
$96.7M
$77.3M
Net Profit
CERT
CERT
LVLU
LVLU
Q4 25
$-5.9M
Q3 25
$1.5M
Q2 25
$-2.0M
Q1 25
$4.7M
Q4 24
$6.6M
$-31.9M
Q3 24
$-1.4M
$-6.9M
Q2 24
$-12.6M
$-10.8M
Q1 24
$-4.7M
$-5.7M
Gross Margin
CERT
CERT
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
37.9%
Q3 24
38.1%
Q2 24
45.5%
Q1 24
42.3%
Operating Margin
CERT
CERT
LVLU
LVLU
Q4 25
0.8%
Q3 25
2.9%
Q2 25
9.1%
Q1 25
7.2%
Q4 24
6.0%
-52.8%
Q3 24
2.7%
-8.5%
Q2 24
-9.7%
-4.9%
Q1 24
-1.3%
-8.0%
Net Margin
CERT
CERT
LVLU
LVLU
Q4 25
-5.7%
Q3 25
1.5%
Q2 25
-1.9%
Q1 25
4.5%
Q4 24
6.6%
-48.2%
Q3 24
-1.4%
-8.5%
Q2 24
-13.5%
-11.7%
Q1 24
-4.8%
-7.4%
EPS (diluted)
CERT
CERT
LVLU
LVLU
Q4 25
$-0.04
Q3 25
$0.01
Q2 25
$-0.01
Q1 25
$0.03
Q4 24
$0.04
$-13.46
Q3 24
$-0.01
$-2.47
Q2 24
$-0.08
$-3.92
Q1 24
$-0.03
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CERT
CERT
LVLU
LVLU
Cash + ST InvestmentsLiquidity on hand
$189.4M
$4.5M
Total DebtLower is stronger
$293.1M
Stockholders' EquityBook value
$1.1B
$13.4M
Total Assets
$1.6B
$108.2M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CERT
CERT
LVLU
LVLU
Q4 25
$189.4M
Q3 25
$172.7M
Q2 25
$162.3M
Q1 25
$179.1M
Q4 24
$179.2M
$4.5M
Q3 24
$233.0M
$6.3M
Q2 24
$224.6M
$1.8M
Q1 24
$224.8M
$5.5M
Total Debt
CERT
CERT
LVLU
LVLU
Q4 25
$293.1M
Q3 25
$293.5M
Q2 25
$294.2M
Q1 25
$294.8M
Q4 24
$295.4M
Q3 24
$296.1M
Q2 24
$296.7M
Q1 24
$290.8M
Stockholders' Equity
CERT
CERT
LVLU
LVLU
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$13.4M
Q3 24
$1.1B
$43.8M
Q2 24
$1.0B
$48.7M
Q1 24
$1.1B
$57.7M
Total Assets
CERT
CERT
LVLU
LVLU
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.6B
$108.2M
Q3 24
$1.5B
$153.5M
Q2 24
$1.5B
$145.3M
Q1 24
$1.5B
$160.6M
Debt / Equity
CERT
CERT
LVLU
LVLU
Q4 25
0.28×
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.28×
Q3 24
0.28×
Q2 24
0.28×
Q1 24
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CERT
CERT
LVLU
LVLU
Operating Cash FlowLast quarter
$28.8M
$-2.5M
Free Cash FlowOCF − Capex
$27.8M
$-2.6M
FCF MarginFCF / Revenue
26.8%
-3.9%
Capex IntensityCapex / Revenue
1.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$94.4M
$1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CERT
CERT
LVLU
LVLU
Q4 25
$28.8M
Q3 25
$32.3M
Q2 25
$17.8M
Q1 25
$17.4M
Q4 24
$49.4M
$-2.5M
Q3 24
$17.0M
$-5.5M
Q2 24
$9.8M
$3.7M
Q1 24
$4.3M
$6.9M
Free Cash Flow
CERT
CERT
LVLU
LVLU
Q4 25
$27.8M
Q3 25
$32.1M
Q2 25
$17.8M
Q1 25
$16.8M
Q4 24
$49.0M
$-2.6M
Q3 24
$16.8M
$-5.9M
Q2 24
$9.4M
$3.4M
Q1 24
$3.7M
$6.4M
FCF Margin
CERT
CERT
LVLU
LVLU
Q4 25
26.8%
Q3 25
30.7%
Q2 25
17.0%
Q1 25
15.8%
Q4 24
48.8%
-3.9%
Q3 24
17.7%
-7.3%
Q2 24
10.1%
3.7%
Q1 24
3.8%
8.3%
Capex Intensity
CERT
CERT
LVLU
LVLU
Q4 25
1.0%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
0.6%
Q4 24
0.4%
0.0%
Q3 24
0.2%
0.5%
Q2 24
0.5%
0.4%
Q1 24
0.6%
0.7%
Cash Conversion
CERT
CERT
LVLU
LVLU
Q4 25
Q3 25
21.19×
Q2 25
Q1 25
3.66×
Q4 24
7.51×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CERT
CERT

Segment breakdown not available.

LVLU
LVLU

Single Reportable Segment$63.0M95%
Other$2.4M4%
Stored Value Cards$750.0K1%

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