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Nasdaq · Healthcare

Ceribell, Inc. (CBLL)

As-reported financials and SEC filings for Ceribell, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Ceribell, Inc.

Ceribell, Inc. develops and sells the Ceribell System, a portable EEG platform designed for rapid diagnosis and continuous monitoring of seizures in acute care settings. The system combines wearable hardware with AI-powered algorithms to help healthcare professionals detect and manage seizures more quickly and accurately. Ceribell serves hospitals and clinicians, aiming to improve patient outcomes and reduce healthcare costs associated with neurological conditions.

Snapshot

Revenue
$89.1M
Revenue growth (YoY)
36.1%
Net income
$-53.4M
Diluted EPS
$-1.46
Gross margin
87.9%
Operating margin
-65.6%
Net margin
-60.0%
FCF margin
-46.7%
ROE
-34.4%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$900.0M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ceribell

  • Revenue grew 36.1% to $89M in FY2025, slower than the 44.7% the year before.
  • Operating margin is -65.6% in FY2025, +0.9 pp against -66.4% in FY2023.
  • Most recent quarter Q2 FY2026: revenue $28M, up 32.5% from Q2 FY2025.
  • Free cash flow was negative $42M in FY2025.
  • Net loss widened to $53M in FY2025, from $40M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ceribell’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin87.9%
98th percentile of 282
Operating margin-65.6%
7th percentile of 399
Net margin-60.0%
8th percentile of 418
FCF margin-46.7%
7th percentile of 372
Revenue growth (YoY)+36.1%
78th percentile of 538
ROE-34.4%
32nd percentile of 473
Short interest4.19d
47th percentile of 557

Ceribell’s gross margin of 87.9% ranks in the 98th percentile of the 282 Healthcare companies reporting it. Ceribell’s operating margin of -65.6% ranks in the 7th percentile of the 399 Healthcare companies reporting it. Ceribell’s FCF margin of -46.7% ranks in the 7th percentile of the 372 Healthcare companies reporting it.

No reported insider purchases (code P) in the last 90 days; 21 insider sales totaling $8.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$26.7M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$14.1M727.2KAdded
Citadel AdvisorsquantQ2 2026$3.8M194.7KReduced
D. E. ShawquantQ2 2026$2.9M149.0KAdded
Two Sigma InvestmentsquantQ2 2026$2.1M109.9KReduced
Point72 Asset ManagementquantQ2 2026$1.9M96.3KAdded
AQR Capital ManagementquantQ2 2026$1.9M95.7KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
21
$8.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-24
filed 2026-08-25
Foehr DavidSenior VP, Finance and PAOSell859$23.95$21K
2026-08-21
filed 2026-08-25
Chao XingjuanPresident and CEOSell6.1K$24.02$146K
2026-08-21
filed 2026-08-25
Woo RaymondChief Technology OfficerSell2.0K$24.02$48K
2026-08-21
filed 2026-08-25
Blumberg ScottChief Financial OfficerSell1.5K$24.02$37K
2026-08-21
filed 2026-08-25
Manni Joseph S.Chief Revenue OfficerSell1.4K$24.02$33K
2026-08-21
filed 2026-08-25
Foehr DavidSenior VP, Finance and PAOSell993$24.02$24K
2026-08-19
filed 2026-08-20
Blumberg ScottChief Financial OfficerSell33.5K$25.03$839K
2026-08-19
filed 2026-08-20
Chao XingjuanPresident and CEOSell31.4K$25.03$786K
2026-08-18
filed 2026-08-20
Chao XingjuanPresident and CEOSell2.2K$25.00$55K
2026-08-18
filed 2026-08-20
Blumberg ScottChief Financial OfficerSell990$25.00$25K
2026-08-13
filed 2026-08-14
Taylor Joseph MichaelDirectorSell13.1K$23.40$306K
2026-08-03
filed 2026-08-05
Chao XingjuanPresident and CEOSell39.0K$18.32$714K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.1M
settled 2026-08-14
Change vs prior
+4.2%
vs previous settlement
Days to cover
4.19
at avg daily volume
Avg daily volume
502.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.1M+4.2%4.19
2026-07-312.0M+9.2%5.46
2026-07-151.8M-6.5%5.46
2026-06-302.0M-1.8%4.39
2026-06-152.0M+4.7%7.00
2026-05-291.9M-2.1%7.28
2026-05-152.0M+4.1%4.88
2026-04-301.9M+23.1%8.05

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023
Revenue$89.1M$65.4M$45.2M
Gross profit$78.3M$56.8M$38.2M
Operating income$-58.4M$-39.7M$-30.0M
Net income$-53.4M$-40.5M$-29.5M
Diluted EPS$-1.46$-1.13$-1.85

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023
Cash and equivalents$40.5M$194.4M$34.5M
Current assets$186.7M$217.3M$52.0M
Total assets$195.8M$225.4M$58.9M
Current liabilities$19.2M$13.0M$21.6M
Long-term debt
Total liabilities$40.5M$34.2M$23.8M
Total equity$155.3M$191.2M$-112.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023
Operating cash flow$-40.8M$-35.0M$-29.2M
Capital expenditure$767,000$1.3M$983,000
Free cash flow$-41.6M$-36.4M$-30.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$28.1M32.5%$-19.3M$-0.51
Q1 FY2026$26.5M29.3%$-19.7M$-0.52
Q4 FY2025$24.8M33.7%$-13.5M$-0.36
Q3 FY2025$22.6M31.4%$-13.5M$-0.37
Q2 FY2025$21.2M38.4%$-13.6M$-0.38
Q1 FY2025$20.5M42.3%$-12.8M$-0.36
Q4 FY2024$18.5M41.1%$-12.6M$-0.41
Q3 FY2024$17.2M48.1%$-10.4M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryElectromedical & Electrotherapeutic Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1861107

Selected SEC filings

10-Q2026-08-10
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-02
View on EDGAR →
8-K2026-05-11
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.