Cerebras Systems (CBRS) Income Statement

Cerebras Systems reported revenue of $509.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 75.7% from $290.25M a year earlier. Net income was $237.83M, a net margin of 46.6%. Gross margin was 39.0% and operating margin -28.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $180.11M, up 74.3% from the same quarter a year earlier.

Cerebras Systems Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cerebras Systems Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	509.99	290.25	78.74	24.62
Cost of Revenue	310.92	167.51	52.39	21.73
Gross Profit	199.07	122.74	26.36	2.89
Operating Expenses
Research & Development	243.32	158.23	140.06	155.41
Selling, General & Administrative	101.61	65.94	20.24	26.30
Operating Expenses	344.93	224.38	160.29	181.71
Operating Income	-145.86	-101.64	-133.93	-178.82
Other Income/Expense
Interest Income	26.80	23.23	5.68	1.08
Interest Expense	0.00	0.00	0.00	0.00
Other Income/Expense	363.94	-378.04	1.23	0.23
Income
Income Before Tax	244.88	-479.68	-127.02	-177.52
Income Tax Expense	7.06	1.93	0.13	0.20
Net Income	237.83	-481.60	-127.16	-177.72
Net Income - Continuous Operations	237.83	-481.60	-127.16	-177.72
Net Income - Discontinued Operations	-	-	-	-
EBITDA	-111.41	-468.14	-123.35	-166.88
EBIT	-145.86	-101.44	-133.93	-178.82
Depreciation & Amortization	34.45	11.54	10.58	11.94
Earnings Per Share
Basic EPS	-	-2.00	-1.00	-1.00
Diluted EPS	-	-2.00	-1.00	-1.00
Basic Shares Outstanding	180.82	215.23	180.82	180.82
Diluted Shares Outstanding	207.53	215.23	207.53	207.53

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cerebras Systems Financial Statements

What was Cerebras Systems's revenue in fiscal 2025?

Cerebras Systems reported revenue of $509.99M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 75.7% from $290.25M a year earlier.

Is Cerebras Systems profitable?

Yes. Cerebras Systems earned net income of $237.83M in fiscal 2025, a net margin of 46.6%. In fiscal 2024 it lost $481.60M.

What is Cerebras Systems's operating margin?

Cerebras Systems's operating income was −$145.86M on revenue of $509.99M in fiscal 2025, an operating margin of -28.6%, compared with -35.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition