Filing Flows › Ceribell (CBLL) › Q2 2025
Ceribell (CBLL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ceribell (CBLL) reported revenue of $21.2M for the second quarter 2025 (Q2 2025), +38% from a year earlier and +3% from the quarter before. Operating margin was -70.5%, net loss $13.6M (64.4% of revenue).
Ceribell, Q2 2025: revenue $21.2M (+38% year over year), operating margin -70.5%, net loss $13.6M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2M | +3% | +38% |
| Operating profit | −$15.0M | — | — |
| Net earnings | −$13.6M | — | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $21.2M in Q2 2025, up 38% year over year and up 3% from the previous quarter. Product was the largest line at 75% of revenue. Product added $4.3M year over year (up 38%), 74% of the total change.
Gross margin was 88.1%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $15.0M, an operating margin of -70.5%. Operating expenses grew 56% against revenue growth of 38%. The fastest-growing cost line was Sales & marketing (+63%). The quarter ended with a net loss of $13.6M, wider than the previous quarter's $12.8M loss.
Operating cash flow was −$7.5M. Non-cash charges added back $324K of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $2.6M. Capital expenditures of $71K exceeded it, leaving free cash flow of −$7.6M.
Questions
What was Ceribell's revenue in the second quarter 2025?
Ceribell (CBLL) reported revenue of $21.2M for the second quarter 2025 (Q2 2025), +38% from a year earlier and +3% from the quarter before.
Was Ceribell profitable in the second quarter 2025?
Operating loss was $15.0M (-70.5% of revenue) and net loss $13.6M.
Source: Ceribell 10-Q on SEC EDGAR.