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    CBRS

    Cerebras Systems Inc.

    Company overview

    Market capitalization
    —
    Employees
    340
    Latest publication
    2026-09-29
    About Cerebras Systems Inc.

    Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale. The company's pioneering wafer-scale engine, a chip encompassing a silicon wafer, designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI, and other AI applications. Its customers include hyperscalers, foundation model labs, AI-native and digital-native businesses, enterprises, and leaders of Sovereign AI initiatives. The company has operations in the United States, Europe, the Middle East, Africa, and internationally. Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue180,110,000USD193,406,000USD171,443,000USD135,714,000USD103,322,000USD99,512,000USD81,531,000USD72,319,000USD
    Cost Of Revenue154,551,000USD107,230,000USD101,210,000USD80,579,000USD71,223,000USD57,908,000USD46,819,000USD40,312,000USD
    Gross Profit25,559,000USD86,176,000USD70,233,000USD55,135,000USD32,098,999USD41,604,000USD34,712,000USD32,006,999USD
    Research Development320,151,000USD75,495,000USD——————
    Selling General Administrative95,672,000USD———————
    Selling And Marketing Expenses86,969,000USD14,701,000USD——————
    General And Administrative Expenses95,672,000USD11,017,000USD——————
    Total Operating Expenses502,792,000USD101,213,000USD103,974,000USD81,604,000USD89,281,000USD70,074,000USD74,962,000USD51,384,000USD
    Operating Income-477,233,000USD-15,037,000USD-33,741,000USD-26,469,000USD-57,182,000USD-28,470,000USD-40,250,000USD-19,377,000USD
    Total Other Income Expense Net26,979,000USD2,528,000USD8,124,000USD4,268,000USD366,694,000USD4,603,000USD-65,406,000USD-289,964,000USD
    Interest Income48,839,000USD———————
    Interest Expense19,653,000USD———————
    Depreciation And Amortization24,376,000USD———————
    Income Before Tax-450,254,000USD-12,509,000USD-25,617,000USD-22,201,000USD309,512,000USD-23,867,000USD-105,656,000USD-309,341,000USD
    Income Tax Expense274,000USD1,497,000USD——————
    Net Income-450,528,000USD-14,006,000USD-25,617,000USD-22,201,000USD309,512,000USD-23,867,000USD-105,656,000USD-309,341,000USD
    Net Income Applicable To Common Shares-450,528,000USD———————
    Unclassified Operating Expenses——103,974,000USD81,604,000USD89,281,000USD70,074,000USD74,962,000USD51,384,000USD
    Ebitda——-33,741,000USD-26,469,000USD-57,182,000USD-28,470,000USD-40,250,000USD-19,377,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue509,991,000USD290,252,000USD78,744,000USD24,619,000USD
    Cost Of Revenue310,920,000USD167,514,000USD52,386,000USD21,729,000USD
    Gross Profit199,071,000USD122,738,000USD26,358,000USD2,890,000USD
    Research Development243,319,000USD158,234,000USD140,057,000USD155,408,000USD
    Selling General Administrative30,969,000USD44,962,000USD10,593,000USD16,902,000USD
    Selling And Marketing Expenses70,645,000USD20,980,000USD9,642,000USD9,401,000USD
    Total Operating Expenses344,325,000USD224,377,000USD160,292,000USD181,711,000USD
    Operating Income-145,254,000USD-101,639,000USD-133,934,000USD-178,821,000USD
    Interest Income26,802,000USD23,228,000USD5,683,000USD1,076,000USD
    Net Interest Income26,802,000USD23,228,000USD5,683,000USD1,076,000USD
    Income Before Tax244,884,000USD-479,675,000USD-127,023,000USD-177,515,000USD
    Income Tax Expense7,057,000USD1,927,000USD132,000USD204,000USD
    Tax Provision7,057,000USD1,927,000USD132,000USD204,000USD
    Net Income237,827,000USD-481,602,000USD-127,155,000USD-177,719,000USD
    Net Income From Continuing Ops237,827,000USD-481,602,000USD-127,155,000USD-177,719,000USD
    Ebit-145,254,000USD-101,639,000USD-133,934,000USD-178,821,000USD
    Ebitda-110,800,000USD-90,102,000USD-123,351,000USD-166,880,000USD
    Depreciation And Amortization34,454,000USD11,537,000USD10,583,000USD11,941,000USD
    Reconciled Depreciation34,454,000USD11,537,000USD10,583,000USD11,941,000USD
    Total Other Income Expense Net390,138,000USD-378,036,000USD6,911,000USD1,306,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets11,627,872,000USD4,948,378,000USD2,326,037,000USD———1,112,738,000USD—
    Cash And Equivalents6,742,157,000USD1,716,016,000USD——————
    Cash And Short Term Investments7,921,547,000USD—1,336,909,000USD———337,151,000USD—
    Short Term Investments1,179,390,000USD—406,531,000USD———116,943,000USD—
    Total Current Assets9,121,714,000USD3,580,961,000USD1,543,646,000USD———1,030,479,000USD—
    Other Current Assets191,698,000USD77,870,000USD71,649,000USD———368,218,000USD—
    Other Non Current Assets30,440,000USD16,320,000USD——————
    Total Liabilities2,473,230,000USD2,195,681,000USD——————
    Total Current Liabilities1,566,088,000USD1,427,246,000USD719,540,000USD———1,178,135,000USD—
    Other Current Liabilities236,910,000USD171,042,000USD——————
    Total Stockholder Equity9,154,642,000USD-194,682,000USD1,354,693,000USD———-966,791,000USD—
    Total Equity Including Noncontrolling Interest9,154,642,000USD2,752,697,000USD——————
    Short Long Term Debt736,036,000USD———————
    Long Term Debt182,208,000USD361,617,000USD——————
    Deferred Revenue173,735,000USD149,918,000USD——————
    Deferred Revenue Non Current244,529,000USD94,344,000USD——————
    Net Receivables123,361,000USD62,631,000USD71,462,000USD———150,618,000USD—
    Inventory32,666,000USD89,040,000USD63,626,000USD———174,492,000USD—
    Property Plant Equipment Net1,515,083,000USD925,742,000USD686,346,000USD———79,745,000USD—
    Accounts Payable88,313,000USD50,336,000USD48,630,000USD———25,630,000USD—
    Short Term Debt736,036,000USD621,306,000USD45,865,000USD———13,303,000USD—
    Common Stock2,000USD—1,000USD———1,000USD—
    Retained Earnings-1,369,864,000USD-919,336,000USD-905,330,000USD———-1,143,157,000USD—
    Accumulated Other Comprehensive Income5,767,000USD3,396,000USD1,301,000USD———220,000USD—
    Total Liab——971,344,000USD———2,079,529,000USD—
    Other Current Liab——493,996,000USD———458,398,000USD—
    Cash——930,378,000USD———220,208,000USD—
    Current Deferred Revenue——131,049,000USD———678,854,000USD—
    Net Debt——-668,556,000USD———-179,535,000USD—
    Short Long Term Debt Total——261,822,000USD———40,673,000USD—
    Common Stock Shares Outstanding——215,228,541shares215,228,541shares215,228,541shares215,228,541shares215,228,541shares215,228,541shares
    Non Current Assets Total——782,390,999USD———82,259,000USD—
    Non Current Liabilities Total——251,804,000USD———901,394,000USD—
    Non Currrent Assets Other——96,044,999USD———2,514,000USD—
    Unclassified Non Current Liabilities——251,804,000USD———896,321,000USD—
    Unclassified Equity——2,258,721,000USD———176,144,000USD—
    Capital Stock——————1,000USD—
    Property Plant Equipment Gross——————102,960,000USD—
    Non Current Liabilities Other——————5,073,000USD—
    Net Working Capital——————-147,656,000USD—
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets2,326,037,000USD1,112,738,000USD225,497,000USD281,491,000USD
    Other Current Assets297,774,000USD368,218,000USD4,056,000USD3,218,000USD
    Total Liab2,904,692,000USD2,079,529,000USD784,459,000USD747,825,000USD
    Total Stockholder Equity-578,655,000USD-966,791,000USD-558,962,000USD-466,334,000USD
    Other Current Liab103,959,000USD458,398,000USD24,321,000USD13,133,000USD
    Common Stock1,000USD1,000USD——
    Capital Stock1,000USD1,000USD0USD0USD
    Retained Earnings-905,330,000USD-1,143,157,000USD-661,555,000USD-534,400,000USD
    Cash701,706,000USD220,208,000USD34,761,000USD26,077,000USD
    Cash And Short Term Investments1,108,237,000USD337,151,000USD152,388,000USD225,334,000USD
    Total Current Assets1,543,646,000USD1,030,479,000USD212,292,000USD253,168,000USD
    Total Current Liabilities719,540,000USD1,178,135,000USD54,641,000USD21,800,000USD
    Current Deferred Revenue485,509,000USD678,854,000USD13,675,000USD2,562,000USD
    Net Debt-439,884,000USD-179,535,000USD-34,201,000USD-24,779,000USD
    Short Term Debt45,865,000USD13,303,000USD318,000USD736,000USD
    Short Long Term Debt Total261,822,000USD40,673,000USD560,000USD1,298,000USD
    Short Term Investments406,531,000USD116,943,000USD117,627,000USD199,257,000USD
    Net Receivables74,009,000USD150,618,000USD6,766,000USD5,080,000USD
    Inventory63,626,000USD174,492,000USD49,082,000USD19,536,000USD
    Accounts Payable48,630,000USD25,630,000USD14,694,000USD5,050,000USD
    Property Plant Equipment Net686,346,000USD79,745,000USD13,032,000USD28,073,000USD
    Property Plant Equipment Gross737,540,000USD102,960,000USD31,244,000USD42,936,000USD
    Accumulated Other Comprehensive Income1,301,000USD220,000USD1,103,000USD-319,000USD
    Common Stock Shares Outstanding215,228,541shares48,972,000shares207,533,000shares207,533,000shares
    Non Current Assets Total782,391,000USD82,259,000USD13,205,000USD28,323,000USD
    Non Current Liabilities Total2,185,152,000USD901,394,000USD729,818,000USD726,025,000USD
    Non Currrent Assets Other96,045,000USD2,514,000USD173,000USD250,000USD
    Net Working Capital824,106,000USD-147,656,000USD157,651,000USD231,368,000USD
    Unclassified Current Liabilities35,577,000USD—1,633,000USD—
    Unclassified Non Current Liabilities2,185,152,000USD896,321,000USD729,818,000USD726,025,000USD
    Unclassified Equity325,372,000USD176,144,000USD101,490,000USD68,385,000USD
    Non Current Liabilities Other—5,073,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ2 20232023-06-30 · USDQ1 20232023-03-31 · USD
    Net Income-450,528,000USD-14,006,000USD-33,302,500USD-33,302,500USD-38,910,000USD-38,910,000USD
    Depreciation24,376,000USD18,175,000USD2,092,499USD2,092,499USD2,837,000USD2,837,000USD
    Stock Based Compensation377,008,000USD9,593,000USD16,164,500USD16,164,500USD4,630,000USD4,630,000USD
    Other Non Cash Items89,933,000USD—183,072,000USD183,072,000USD267,000USD267,000USD
    Change To Account Receivables-60,730,000USD-12,208,000USD462,000USD462,000USD-453,500USD-453,500USD
    Change To Inventory52,800,000USD-21,684,000USD-16,947,500USD-16,947,500USD-4,503,500USD-4,503,500USD
    Change To Liabilities32,026,000USD-1,075,000USD————
    Change In Working Capital-100,612,000USD-92,570,000USD-12,120,000USD-12,120,000USD-3,916,500USD-3,916,500USD
    Operating Cash Flow-59,823,000USD12,335,000USD————
    Capital Expenditures-416,903,000USD-131,970,000USD-5,894,000USD-5,894,000USD-227,000USD-227,000USD
    Net Investments-656,414,000USD-104,646,000USD————
    Investing Cash Flow-1,073,317,000USD-236,616,000USD————
    Net Debt Issuance0USD1,004,571,000USD————
    Common Stock Issuance6,247,434,000USD—————
    Net Common Stock Issuance5,831,397,000USD-623,000USD————
    Unclassified Financing Cash Flow-16,261,000USD1,034,158,000USD————
    Financing Cash Flow5,815,136,000USD2,038,106,000USD————
    Effect Of Forex Changes On Cash-273,000USD911,000USD————
    Change In Cash4,681,723,000USD1,814,736,000USD——13,899,000USD—
    End Cash Flow7,426,837,000USD2,745,114,000USD————
    Unclassified Operating Cash Flow—91,143,000USD————
    Total Cash From Operating Activities——155,906,500USD155,906,500USD-35,092,500USD-35,092,500USD
    Free Cash Flow——150,012,500USD150,012,500USD-35,319,500USD-35,319,500USD
    Total Cashflows From Investing Activities——-4,875,000USD-4,875,000USD27,745,000USD27,745,000USD
    Total Cash From Financing Activities——8,612,500USD8,612,500USD1,188,000USD1,188,000USD
    Other Cashflows From Investing Activities——1,019,000USD1,019,000USD27,972,000USD27,972,000USD
    Other Cashflows From Financing Activities——8,612,500USD8,612,500USD1,188,000USD1,188,000USD
    Begin Period Cash Flow———13,899,000USD——
    End Period Cash Flow————13,899,000USD—
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income-464,534,000USD
    Depreciation42,551,000USD
    Stock Based Compensation386,601,000USD
    Other Non Cash Items130,341,000USD
    Change To Account Receivables-72,938,000USD
    Change To Inventory31,116,000USD
    Change To Liabilities81,686,000USD
    Change In Working Capital-142,447,000USD
    Operating Cash Flow-47,488,000USD
    Capital Expenditures-548,873,000USD
    Net Investments-761,060,000USD
    Investing Cash Flow-1,309,933,000USD
    Net Debt Issuance1,004,571,000USD
    Common Stock Issuance6,267,768,000USD
    Net Common Stock Issuance5,851,108,000USD
    Unclassified Financing Cash Flow997,563,000USD
    Financing Cash Flow7,853,242,000USD
    Effect Of Forex Changes On Cash638,000USD
    Change In Cash6,496,459,000USD
    End Cash Flow7,426,837,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income237,827,000USD-481,602,000USD-127,155,000USD-177,719,000USD
    Depreciation34,454,000USD11,537,000USD10,583,000USD11,941,000USD
    Stock Based Compensation49,767,000USD58,564,000USD26,631,000USD16,876,000USD
    Other Non Cash Items-316,459,000USD420,008,000USD4,231,000USD21,017,000USD
    Change To Account Receivables87,012,000USD-130,672,000USD-3,039,000USD4,244,000USD
    Change To Inventory63,307,000USD-144,969,000USD-25,191,000USD-37,502,000USD
    Change In Working Capital-15,639,000USD443,471,000USD6,715,000USD-36,631,000USD
    Total Cash From Operating Activities-10,050,000USD451,978,000USD-78,977,000USD-164,402,000USD
    Capital Expenditures-382,739,000USD-23,435,000USD-6,593,000USD-10,463,000USD
    Free Cash Flow-392,789,000USD428,543,000USD-85,570,000USD-174,865,000USD
    Investments-284,837,000USD6,650,000USD88,294,000USD147,832,000USD
    Total Cashflows From Investing Activities-667,576,000USD-16,785,000USD81,701,000USD137,393,000USD
    Total Cash From Financing Activities1,026,560,000USD112,296,000USD5,933,000USD9,104,000USD
    Sale Purchase Of Stock-38,086,000USD-102,000USD0USD-3,881,000USD
    Issuance Of Capital Stock1,100,000,000USD85,000,000USD0USD10,049,000USD
    Change In Cash348,413,000USD547,185,000USD8,584,000USD-18,236,000USD
    Begin Period Cash Flow581,965,000USD34,780,000USD26,196,000USD44,432,000USD
    End Period Cash Flow930,378,000USD581,965,000USD34,780,000USD26,196,000USD
    Other Cashflows From Financing Activities1,096,695,000USD84,674,000USD——
    Unclassified Financing Cash Flow-32,049,000USD27,724,000USD5,933,000USD12,985,000USD
    Other Cashflows From Investing Activities———24,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    OpenAI Committed AI Inference Compute Capacity

    Period endPeriodValueUnitSource
    2026-06-30instant750MWDisclosure

    Remaining Performance Obligations

    Period endPeriodValueUnitSource
    2026-06-30instant25.4USD_billionsDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31GeographyEMEA123,166,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyInternational143,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyUnited States70,097,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductProduct110,593,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductServices82,813,000USDDisclosure

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.