Cerebras Systems Inc. (CBRS) income statement
NASDAQ · Technology · Semiconductors · 708 employees · CEO Andrew D. Feldman
- Price
- $109.18 -5.19%
- Market cap
- $24.7B
- Enterprise value
- $18.8B
- Last report
- Q2 '26 filed 2026-08-12
- Next report
- 2026-11-12
Cerebras Systems Inc. (CBRS) reported revenue of $180M for Q2 '26 (+74.3% year on year), operating income of -$477M (-265.0% of revenue) and net income of -$451M. Over the last four quarters revenue was $681M.
Income statement
| Income statement | Trend | Q1 '23 | Q2 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.33M | $4.33M | $68.2M | $68.2M | $72.3M | $81.5M | $99.5M | $103M | $136M | $171M | $193M | $180M | |
| Cost of revenue | $2.14M | $2.14M | $40.2M | $40.2M | $40.3M | $46.8M | $57.9M | $71.2M | $80.6M | $101M | $107M | $155M | |
| Gross profit | $2.19M | $2.19M | $28M | $28M | $32M | $34.7M | $41.6M | $32.1M | $55.1M | $70.2M | $86.2M | $25.6M | |
| Research & development | $38.1M | $38.1M | $38.9M | $38.9M | $0 | $0 | $0 | $0 | $0 | $0 | $75.5M | $320M | |
| Sales & marketing | $2.09M | $2.09M | $3.62M | $3.62M | $0 | $0 | $0 | $0 | $0 | $0 | $14.7M | $87M | |
| General & administrative | $2.46M | $2.46M | $6.43M | $6.43M | $0 | $0 | $0 | $0 | $0 | $0 | $11M | $95.7M | |
| Operating expenses | $42.7M | $42.7M | $48.9M | $48.9M | $51.4M | $75M | $70.1M | $89.3M | $81.6M | $104M | $101M | $503M | |
| Operating income | -$40.5M | -$40.5M | -$20.9M | -$20.9M | -$19.4M | -$40.3M | -$28.5M | -$57.2M | -$26.5M | -$33.7M | -$15M | -$477M | |
| Interest income | $1.17M | $1.17M | $1.9M | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $22.7M | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.9M | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$1.63M | -$1.63M | $12.2M | $12.2M | $290M | $65.4M | -$4.6M | -$367M | -$4.27M | -$8.12M | $0 | -$27M | |
| Total non-operating income | $1.63M | $1.63M | -$12.2M | -$12.2M | -$290M | -$65.4M | $4.6M | $367M | $4.27M | $8.12M | $2.53M | $27M | |
| Income before tax | -$38.9M | -$38.9M | -$33.1M | -$33.1M | -$309M | -$106M | -$23.9M | $310M | -$22.2M | -$25.6M | -$12.5M | -$450M | |
| Income tax | $36K | $36K | $160K | $160K | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $274K | |
| Net income | -$38.9M | -$38.9M | -$33.3M | -$33.3M | -$309M | -$106M | -$23.9M | $310M | -$22.2M | -$25.6M | -$14M | -$451M | |
| EPS (basic) | -$0.18 | -$0.18 | -$0.15 | -$0.15 | -$1.44 | -$0.49 | -$0.11 | $1.44 | -$0.10 | -$0.12 | -$0.06 | -$2.98 | |
| EPS (diluted) | -$0.18 | -$0.18 | -$0.15 | -$0.15 | -$1.44 | -$0.49 | -$0.11 | $1.44 | -$0.10 | -$0.12 | -$0.06 | -$2.98 | |
| Shares (basic, weighted) | 215M | 215M | 215M | 215M | 215M | 215M | 227M | 215M | 215M | 215M | 227M | 151M | |
| Shares (diluted, weighted) | 215M | 215M | 215M | 215M | 215M | 215M | 227M | 215M | 215M | 215M | 227M | 151M | |
| Depreciation & amortization | $2.84M | $2.84M | $2.09M | $2.09M | $0 | $0 | $3.91M | $5.4M | $0 | $0 | $18.2M | $24.4M | |
| EBITDA | -$36M | -$36M | -$31.1M | -$31.1M | -$309M | -$106M | -$20M | $315M | -$22.2M | -$25.6M | $3.14M | -$426M |
| Income statement | Trend | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $24.6M | $78.7M | $290M | $510M | |
| Cost of revenue | $21.7M | $52.4M | $168M | $311M | |
| Gross profit | $2.89M | $26.4M | $123M | $199M | |
| Research & development | $155M | $140M | $158M | $243M | |
| Sales & marketing | $9.4M | $9.64M | $21M | $70.6M | |
| General & administrative | $16.9M | $10.6M | $45M | $31M | |
| Other operating expenses | $0 | $0 | $201K | -$608K | |
| Operating expenses | $182M | $160M | $224M | $344M | |
| Operating income | -$179M | -$134M | -$102M | -$145M | |
| Interest income | $1.08M | $5.68M | $23.2M | $26.8M | |
| Other non-operating income (gains on investments, FX ...) | -$1.31M | -$6.91M | $378M | -$390M | |
| Total non-operating income | $1.31M | $6.91M | -$378M | $390M | |
| Income before tax | -$178M | -$127M | -$480M | $245M | |
| Income tax | $204K | $132K | $1.93M | $7.06M | |
| Net income | -$178M | -$127M | -$482M | $238M | |
| EPS (basic) | -$0.83 | -$0.59 | -$2.25 | $0.41 | |
| EPS (diluted) | -$0.83 | -$0.59 | -$2.25 | $0.41 | |
| Shares (basic, weighted) | 215M | 215M | 215M | 215M | |
| Shares (diluted, weighted) | 215M | 215M | 215M | 215M | |
| Depreciation & amortization | $11.9M | $10.6M | $11.5M | $34.5M | |
| EBITDA | -$166M | -$116M | -$468M | $279M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31
Data as of 2026-11-02