Strata Critical Medical, Inc.
Strata Critical Medical operates a network for air transport and surgical services for transplant hospitals and Organ Procurement Organizations, providing an integrated solution for donor organ recovery.
Business. Strata Critical Medical, Inc. (SRTA) is a multiline insurance and broker company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. As segment and geographic breakdowns are not specified, the company is described at the industry level as a provider of insurance and brokerage services.
Analyst recommendations
4 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Strata Critical Medical, Inc. (SRTA) is a multiline insurance and broker company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. As segment and geographic breakdowns are not specified, the company is described at the industry level as a provider of insurance and brokerage services.
Strata Critical Medical maintains a conservative capital structure with zero debt-to-equity and a current ratio of 5.93, indicating strong short-term liquidity coverage. The company holds $58.7 million in cash and equivalents against total liabilities of $41.9 million. Despite positive operating cash flow of $3.9 million, free cash flow is negative at -$1.3 million due to $5.2 million in capital expenditures. The market values the company at a price-to-book ratio of 3.0 and an EV/Revenue of 2.0.
Profitability metrics show a return on equity of 14.47% and a return on assets of 12.62%, driven by a net income of $2.2 million on revenue of $67.4 million. However, the company reported an operating loss of -$3.0 million, suggesting that net income is supported by non-operating items or tax benefits rather than core operational efficiency. The gross profit of $14.1 million represents a gross margin of approximately 21%, which is typical for service-intensive logistics businesses but leaves limited room for operating leverage given the current operating loss.
The company’s revenue is derived from its integrated clinical and logistics offerings for transplant centers, hospitals, and Organ Procurement Organizations. There is no segment or geographic breakdown provided in the available data, implying a concentrated business model focused on the US transplant ecosystem. The reliance on contractual relationships with these medical entities creates a specialized but potentially concentrated revenue base.
Growth trajectory analysis is limited by the absence of historical period data in the input. The current quarter’s revenue of $67.4 million serves as the baseline for future projections. The company has recently completed the divestiture of its Passenger business and acquired Keystone, which may impact comparability of historical results and future growth rates.
Risk assessment indicates low liquidity risk but medium dilution risk, with source documents mentioning offering risk. Key operational risks include dependence on third-party aircraft operators, regulatory scrutiny of clinical services, and volatility in aircraft fuel costs. The company also faces risks related to the availability of donor organs and transplant volumes, which are external factors beyond its control.
Recent filing observations highlight the adoption of new FASB accounting standards, including ASU 2025-11 for interim reporting. IR data shows a mean analyst price target of $9.25, significantly above the current market price of $5.02, with a mean recommendation of 1.75 (buy). News events indicate an allocator coverage boost, suggesting increased institutional interest.
- Strong balance sheet with zero debt and a 5.93 current ratio provides financial flexibility.
- Operating loss of -$3.0 million contrasts with positive net income, indicating non-operating support.
- Medium dilution risk flagged in source documents requires monitoring of share count changes.
- Analyst consensus is bullish with a mean price target of $9.25 vs. current price of $5.02.
- Business model is highly specialized in organ transport, creating unique regulatory and operational risks.
- Recent strategic transactions (divestiture of Passenger business, acquisition of Keystone) may alter future growth dynamics.
Bull / Bear case
Generated · model-assistedNet margin of 21% ranks in the top quartile of the insurance cohort, significantly outperforming the 9% median.
The company maintains a low leverage band with a debt-to-equity ratio of 0.17, reducing financial risk.
Strong liquidity is evidenced by a current ratio of 6.38, providing ample buffer against short-term obligations.
Operating losses narrowed from $68 million in FY2023 to $22 million in FY2025, showing improved operational control.
Free cash flow deteriorated to -$58.5 million in FY2025, worsening from -$34.5 million in FY2023.
Cash conversion ratio of -1.18 ranks in the bottom quartile, indicating poor ability to generate cash from earnings.
The company faces medium dilution risk, which could negatively impact existing shareholder value and equity stakes.
In focus — financials by report
Revenue $67.4M; Operating income -$3.0M.
- ▍Revenue $67.4M
- ▍Operating income -$3.0M
- ▍Net margin 3.2%
Revenue $130.4M; Operating income -$15.9M.
- ▍Revenue $130.4M
- ▍Operating income -$15.9M
- ▍Net margin 38.5%
Revenue $125.1M; Operating income -$12.5M.
- ▍Revenue $125.1M
- ▍Operating income -$12.5M
- ▍Net margin -5.8%
Revenue $197.1M; Operating income -$22.4M.
- ▍Revenue $197.1M
- ▍Operating income -$22.4M
- ▍Net margin 21.0%
Revenue $248.7M; Operating income -$33.9M.
- ▍Revenue $248.7M
- ▍Operating income -$33.9M
- ▍Net margin -11.0%
Revenue $146.8M; Operating income -$22.5M.
- ▍Revenue $146.8M
- ▍Operating income -$22.5M
- ▍Net margin -18.6%
Revenue $225.2M; Operating income -$68.1M.
- ▍Revenue $225.2M
- ▍Operating income -$68.1M
- ▍Net margin -24.9%
Revenue $225.2M; Operating income -$68.1M.
- ▍Revenue $225.2M
- ▍Operating income -$68.1M
- ▍Net margin -24.9%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,07 |
| Revenue | —no estimate | —no estimate | 275,7M USD |
| Operating income | —no estimate | —no estimate | -8,9M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- 10% owner · Warrants to purchase Class A Common Stock → Class A Common StockDisposed 1 577 500 @ $11,50expire · 2026-05-07
- Director, Co-CEO and General Counsel · Stock Option (right to buy) → Class A common stock, $0.0001 par value per shareDisposed 276 960 @ $0,18exercise · 2026-01-02
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Strata Critical Medical, Inc. company facts · 2026-08-03
- Strata Critical Medical, Inc. 10-Q 2026-05-06 · 2026-08-03
- Strata Critical Medical, Inc. 10-K 2026-03-03 · 2026-08-03
- Strata Critical Medical, Inc. 10-Q 2025-11-10 · 2026-08-03
- Strata Critical Medical, Inc. 10-Q 2025-08-05 · 2026-08-03
- allocator_boost (allocator) on SRTA · 2026-08-03
- Strata Critical Medical Inc Market data — analyst estimates · 2026-08-03
- Strata Critical Medical Inc Market data — ESG · 2026-08-03
- Strata Critical Medical, Inc. HA canonical relationships · 2026-08-03
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2024-12-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2024-06-300,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$17M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Director, Co-CEO and General Counsel · Class A common stock, $0.0001 par value per shareOther 212 309 @ $5,09$1,1M · 2026-07-31
- CEO, Logistics · Class A common stock, $0.0001 par value per shareOther 13 992 @ $5,09$71K · 2026-07-31
- Director, Co-CEO and CFO · Class A common stock, $0.0001 par value per shareOther 199 209 @ $5,09$1,0M · 2026-07-31
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareOther 34 015 @ $5,09$173K · 2026-07-31
- Director · Class A common stock, $0.0001 par value per shareOther 44 438 · 2026-07-30
- Director · Class A common stock, $0.0001 par value per shareOther 35 260 · 2026-07-30
- CEO, Logistics · Class A common stock, $0.0001 par value per shareOther 57 172 · 2026-07-30
- Director, Co-CEO and General Counsel · Class A common stock, $0.0001 par value per shareOther 206 953 · 2026-07-30
- Director, Co-CEO and CFO · Class A common stock, $0.0001 par value per shareOther 181 071 · 2026-07-30
- Director, Co-CEO and CFO · Class A common stock, $0.0001 par value per shareOther 179 160 · 2026-07-30
- Director, Co-CEO and General Counsel · Class A common stock, $0.0001 par value per shareOther 208 929 · 2026-07-30
- Director · Class A common stock, $0.0001 par value per shareOther 50 234 · 2026-07-30
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareOther 41 786 · 2026-07-30
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareOther 27 420 · 2026-07-30
- Director · Class A common stock, $0.0001 par value per shareOther 30 913 · 2026-07-30
- Director · Class A common stock, $0.0001 par value per shareOther 37 675 · 2026-07-30
- Director, Co-CEO and CFO · Class A common stock, $0.0001 par value per shareSold 31 671 @ $5,87$186K · 2026-06-08
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareSold 4 655 @ $5,87$27K · 2026-06-08
- Director, Co-CEO and General Counsel · Class A common stock, $0.0001 par value per shareSold 29 730 @ $5,87$175K · 2026-06-08
- CEO, Logistics · Class A common stock, $0.0001 par value per shareSold 5 550 @ $5,87$33K · 2026-06-08
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareSold 40 575 @ $5,91$240K · 2026-05-22
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareSold 10 300 @ $5,79$60K · 2026-05-21
- Chief Accounting Officer · Class A common stock, $0.0001 par value per shareSold 14 306 @ $5,79$83K · 2026-05-11
- Director, Co-CEO and General Counsel · Class A common stock, $0.0001 par value per shareOther 321 750 @ $4,92$1,6M · 2026-04-24
- CEO, Logistics · Class A common stock, $0.0001 par value per shareOther 13 922 @ $4,92$68K · 2026-04-24