Filing Flows › Ceribell (CBLL) › Q1 2025
Ceribell (CBLL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Ceribell (CBLL) reported revenue of $20.5M for the first quarter 2025 (Q1 2025), +42% from a year earlier and +11% from the quarter before. Operating margin was -69.3%, net loss $12.8M (62.4% of revenue).
Ceribell, Q1 2025: revenue $20.5M (+42% year over year), operating margin -69.3%, net loss $12.8M, operating cash flow −$11.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.5M | +11% | +42% |
| Operating profit | −$14.2M | — | — |
| Net earnings | −$12.8M | — | — |
| Operating cash flow | −$11.4M | — | — |
What changed
Revenue was $20.5M in Q1 2025, up 42% year over year and up 11% from the previous quarter. Product was the largest line at 76% of revenue. Product added $4.6M year over year (up 41%), 75% of the total change.
Gross margin was 87.9%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $14.2M, an operating margin of -69.3%. Operating expenses grew 55% against revenue growth of 42%. The fastest-growing cost line was Sales & marketing (+71%). The quarter ended with a net loss of $12.8M, wider than the previous quarter's $12.6M loss.
Operating cash flow was −$11.4M. Non-cash charges added back $335K of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $148K exceeded it, leaving free cash flow of −$11.6M.
Questions
What was Ceribell's revenue in the first quarter 2025?
Ceribell (CBLL) reported revenue of $20.5M for the first quarter 2025 (Q1 2025), +42% from a year earlier and +11% from the quarter before.
Was Ceribell profitable in the first quarter 2025?
Operating loss was $14.2M (-69.3% of revenue) and net loss $12.8M.
Source: Ceribell 10-Q on SEC EDGAR.