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Companies / Industrials / Strata Critical Medical, Inc.
SRTA

Strata Critical Medical, Inc.

IndustrialsHealth Services
Ticker SRTANEW YORK, NYFiscal year ends DecemberBook value per share $3.26Diluted shares 85.8M

Strata Critical Medical, Inc. operates as a time-critical logistics and medical services provider serving the United States healthcare industry. The company maintains its corporate presence at www.stratacritical.com and provides an integrated "one call" solution for donor organ recovery and transplant support services. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$197.14M
−20.7% year over year
Last 12 mo $211.92M
-11.34%
+2.3 percentage points
Last 12 mo -8.59%
$41.35M
+251.4% year over year
Last 12 mo $40.22M
14.82%
+27.1 percentage points
Last 12 mo 14.40%
Cash & financing
$-48.91M
−1841.8% year over year
Last 12 mo $-36.03M
$-59.92M
−68.7% year over year
Last 12 mo $-49.45M
—
82.1M
+5.9% year over year
Last 12 mo 85.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Strata Critical Medical, Inc. does

In the company’s own words

Strata Critical Medical, Inc. operates as a time-critical logistics and medical services provider serving the United States healthcare industry. The company maintains its corporate presence at www.stratacritical.com and provides an integrated "one call" solution for donor organ recovery and transplant support services.

The company operates through two primary segments: Logistics and Clinical. The Logistics segment, marketed under the Trinity brand, encompasses air transportation of human organs and related materials via fixed-wing aircraft, ground transportation services, and organ placement administrative coordination through its Trinity Organ Placement Services (TOPS) platform. The Clinical segment, operated under the Keystone brand following the September 2025 acquisition of Keystone Perfusion Services LLC, includes surgical organ recovery, normothermic regional perfusion services, organ preservation device operation, cardiac perfusion and blood management services for open-heart surgery, and perfusion staffing solutions.

Strata employs 601 employees across the United States as of December 31, 2025, comprising 327 full-time and 274 part-time staff distributed across logistics, clinical, and headquarters functions. The company operates an asset-light air logistics model, primarily utilizing third-party aircraft operators under capacity purchase agreements while maintaining a limited owned fleet of ten fixed-wing aircraft positioned in high-volume geographies. Ground logistics combine company-owned vehicles with third-party providers, and the company employs perfusionists and transplant surgeons dedicated to specific customer geographies.

The company's business model centers on contractual relationships with transplant centers, organ procurement organizations, and hospitals, with air logistics pricing based on fixed hourly rates plus fuel surcharges. Clinical services typically combine retainer and per-case fee structures. Strata leverages proprietary technology for staffing management, training, chain of custody tracking, and organ evaluation coordination.

In August 2025, Strata completed the divestiture of its legacy Passenger mobility business to Joby Aero, Inc., enabling the company to focus exclusively on medical logistics and clinical services. This strategic repositioning followed the company's 2021 acquisition by Experience Investment Corp., which subsequently rebranded from Blade Air Mobility, Inc. to Strata Critical Medical, Inc.

Company details
Sector
Industrials
Industry (SIC)
Health Services
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1779128
SIC
8000

Financial performance, year by year

Fiscal 2019–2025 · USD
$-86.55M$4.88M$96.31M$187.74M$279.17M20192020202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Strata Critical Medical, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

125
funds hold it
1 of 35
superinvestors hold it
$117.18M
held by funds, at market
25.4%
of shares held by funds

Superinvestors in Strata Critical Medical, Inc. · what they did last quarter

Daniel LoebUNCHANGED
Third Point
0.6%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Strata Critical Medical, Inc.’s weight in each

0.88%of fund net assets
1.52%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
First Eagle Small Cap Opportunity Fund
FESRX · First Eagle Funds
0.44%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Strata Critical Medical, Inc. and its peers compare on margins and cash generation over ten years?”
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