Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference.
It is a $39.0B technology company. Revenue grew 101.1% over the last year, it currently loses money, and it holds more cash than debt.
- Website
- cerebras.ai
- Location
- Sunnyvale, CA
- Sector
- Technology
- Founded
- 2015
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health; Valuation, Growth, Profitability, Quality and Moat lag behind.
Valuation22
- P/E vs own history50th pct · 12/25
- FCF yield-2.1% · 0/25
- P/S72.1x · 0/25
- EV/EBITDAn/a · 10/25
Growth25
- Revenue CAGR174.6% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-42.4% · 0/25
Profitability20
- ROIC17.3% · 20/25
- ROEn/a · 0/25
- Net margin-46.8% · 0/25
- Operating margin-28.6% · 0/25
Health100
- Altman Z9.04 · 25/25
- Current ratio5.82 · 25/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality10
- Piotroski F4/9 · 10/25
- Beneish M1.28 · 0/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 356.8% · 0/25
Moat13
- ROIC >12% years0/3 yrs · 0/25
- Median gross margin36.3% · 13/25
- FCF-positive years1/4 yrs · 0/25
- Worst-year net marginworst -721.9% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026MilestoneCerebras signed a deal with OpenAI to deliver 750 megawatts of computing power through 2028 for $10…
- May 14, 2026IPOThe company became a public company via the largest U.S
- FY2025FinancialTurned profitable$87.9M net income after a loss year
- FY2025FinancialBest year on record$87.9M net income
- 2025ProductCerebras announced support for DeepSeek's R1 70B reasoning model at 1,600 tokens/second
- 2025MilestoneMistral AI began using Cerebras products to power its Le Chat service and reached a speed record
- 2024ProductCerebras introduced Wafer Scale Engine (WSE-3) architecture, a 5nm-based chip hosting 4 trillion…
- 2022MilestoneCerebras set a record for the largest AI models ever trained on one device—a single CS-2 system with…
- 2022ProductCerebras unveiled the Andromeda supercomputer
- 2021ProductThe company released its CS-2 system, based on the company's Wafer Scale Engine Two (WSE-2)
- 2019MilestoneCerebras announced WSE-1, its first-generation Wafer-Scale Engine (WSE) semiconductors and its CS-1…
- 2015FoundedCerebras Systems was founded in 2015 by Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 101.1% year over year
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 17.3%)
- Altman Z-Score 9.04 — low bankruptcy-risk zone
Watch-outs
- Not profitable — 46.8% net margin
- Negative free cash flow (-$836.0M)
- Loss-making in 3 of the recent years
- Short reporting history — trends are less reliable
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+101.1% YoY
- Profitable — makes more than it spends-$367M TTM
- Profit growing — earnings are higher than last year+118.1% YoY
- Generates cash — cash left after running and investing-$836M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$39.0B market cap
- Not printing shares — share count not ballooning — you keep your slice+53.0% shares over ~5y
- Proven track record — years of profitability behind it1/4 profitable years
- Financially stable — balance sheet not near distressAltman Z 9.0 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 154.5
Peer comparisonCerebras Systems Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CBRS this company | $39.0B | 154.5 | +101.1% | -46.8% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: CBRS vs NVDA · CBRS vs AAPL · CBRS vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2022–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CBRS
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CBRS on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $164.16 · market cap $39.0B.