Cerebras Systems Inc. most recently reported annual revenue of $510.0M, net profit of $238.0M. Revenue grew at an average annual rate of 173.2% over the last 3 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Cerebras Systems Inc.: Revenue rose from $25.0M in 2022 to $510.0M in 2025, a change of +1940.0% over 3 years; net profit was positive in 1 of 4 reported years; operating margin moved from -726.4% to -28.5%, a shift of +697.9 percentage points; the most recent year shows net profit of $238.0M.
Income Statement — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Revenue
$25.0M
$79.0M
$290.0M
$510.0M
Operating Expenses
$203.0M
$213.0M
$392.0M
$655.0M
Operating Profit
$-179.0M
$-134.0M
$-102.0M
$-145.0M
Operating Margin
-726.4%
-170.1%
-35.0%
-28.5%
Other Income
$1.0M
$7.0M
$-378.0M
$390.0M
Interest
$0
$0
$0
$0
Depreciation
$12.0M
$11.0M
$12.0M
$34.0M
Profit Before Tax
$-178.0M
$-127.0M
$-480.0M
$245.0M
Tax
$-110,000
$-100,000
$-400,000
$2.9M
Net Profit
$-178.0M
$-127.0M
$-482.0M
$238.0M
EPS
$-0.83
$-0.59
$-2.25
$0.41
Dividend Payout
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
Metric
Mar '23
Jun '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$4.0M
$4.0M
$68.0M
$68.0M
$72.0M
$82.0M
$100.0M
$103.0M
$136.0M
$171.0M
$193.0M
$180.0M
Operating Expenses
$45.0M
$45.0M
$89.0M
$89.0M
$92.0M
$122.0M
$128.0M
$161.0M
$162.0M
$205.0M
$208.0M
$657.0M
Operating Profit
$-41.0M
$-41.0M
$-21.0M
$-21.0M
$-19.0M
$-40.0M
$-28.0M
$-57.0M
$-26.0M
$-34.0M
$-15.0M
$-477.0M
Operating Margin
-935.1%
-935.1%
-30.6%
-30.6%
-26.8%
-49.4%
-28.6%
-55.3%
-19.5%
-19.7%
-7.8%
-265.0%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$19.0M
$0
Profit Before Tax
$-39.0M
$-39.0M
$-33.0M
$-33.0M
$-309.0M
$-106.0M
$-24.0M
$310.0M
$-22.0M
$-26.0M
$-13.0M
$-450.0M
Tax
$-90,000
$-90,000
$-480,000
$-480,000
$0
$0
$0
$0
$0
$0
$-12.0M
$-60,000
Net Profit
$-39.0M
$-39.0M
$-33.0M
$-33.0M
$-309.0M
$-106.0M
$-24.0M
$310.0M
$-22.0M
$-26.0M
$-14.0M
$-451.0M
EPS
$-0.18
$-0.18
$-0.15
$-0.15
$-1.44
$-0.49
$-0.11
$1.44
$-0.10
$-0.12
$-0.06
$-2.98
Over the 4 years reported for Cerebras Systems Inc., borrowings increased from $1.0M in 2022 to $262.0M in 2025, cash stood at $702.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.14 times.
Balance Sheet — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Total Assets
$281.0M
$225.0M
$1.1B
$2.3B
Current Assets
$253.0M
$212.0M
$1.0B
$1.5B
Cash
$26.0M
$35.0M
$220.0M
$702.0M
Inventory
$20.0M
$49.0M
$174.0M
$64.0M
Receivables
$5.0M
$7.0M
$151.0M
$74.0M
Fixed Assets
$28.0M
$13.0M
$80.0M
$686.0M
Capital Work in Progress
$0
$0
$0
$0
Investments
$199.0M
$118.0M
$117.0M
$407.0M
Other Assets
$0
$0
$0
$0
Total Liabilities
$748.0M
$784.0M
$2.1B
$2.9B
Current Liabilities
$22.0M
$55.0M
$1.2B
$720.0M
Borrowings
$1.0M
$1.0M
$41.0M
$262.0M
Other Liabilities
$747.0M
$784.0M
$2.0B
$2.6B
Equity
$0
$0
$0
$0
Reserves
$-466.0M
$-559.0M
$-967.0M
$-579.0M
For Cerebras Systems Inc., operating cash flow was positive in 1 of 4 reported years; free cash flow in the latest year was negative at $393.0M; free cash flow was positive in 1 of 4 years; financing activities used $25.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Operating Cash Flow
$-164.0M
$-79.0M
$452.0M
$-10.0M
Investing Cash Flow
$127.0M
$75.0M
$-40.0M
$-1.1B
Financing Cash Flow
$-4.0M
$0
$0
$-25.0M
Net Cash Flow
$-18.0M
$9.0M
$547.0M
$348.0M
Free Cash Flow
$-175.0M
$-86.0M
$429.0M
$-393.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.04
EV / EBITDA
-75.14
FCF Yield
-1.74%
Quick Ratio
5.80
Interest Coverage
-29.16
Return 1Y
—
Return 3Y
—
Return 5Y
—
Cerebras Systems Inc. (CBRS) financials — frequently asked questions
What is Cerebras Systems Inc.'s annual revenue?
Cerebras Systems Inc. (CBRS) reported annual revenue of $510.0M in its most recent fiscal year.
What is Cerebras Systems Inc.'s net profit?
Cerebras Systems Inc. (CBRS) reported net profit of $238.0M in its most recent fiscal year.
What is CBRS EV/EBITDA?
Cerebras Systems Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -75.14. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.