Filing Flows › Ceribell (CBLL) › Q3 2025
Ceribell (CBLL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Ceribell (CBLL) reported revenue of $22.6M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +7% from the quarter before. Operating margin was -64.8%, net loss $13.5M (59.6% of revenue).
Ceribell, Q3 2025: revenue $22.6M (+31% year over year), operating margin -64.8%, net loss $13.5M, operating cash flow −$11.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.6M | +7% | +31% |
| Operating profit | −$14.6M | — | — |
| Net earnings | −$13.5M | — | — |
| Operating cash flow | −$11.1M | — | — |
What changed
Revenue was $22.6M in Q3 2025, up 31% year over year and up 7% from the previous quarter. Product was the largest line at 75% of revenue. Product added $3.7M year over year (up 28%), 69% of the total change.
Gross margin was 88.3%, up 1.0 points from a year earlier. Operating costs exceeded revenue by $14.6M, an operating margin of -64.8%. Operating expenses grew 39% against revenue growth of 31%. The fastest-growing cost line was Sales & marketing (+48%). The quarter ended with a net loss of $13.5M, narrower than the previous quarter's $13.6M loss.
Operating cash flow was −$11.1M. Non-cash charges added back $391K of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $369K exceeded it, leaving free cash flow of −$11.5M.
Questions
What was Ceribell's revenue in the third quarter 2025?
Ceribell (CBLL) reported revenue of $22.6M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +7% from the quarter before.
Was Ceribell profitable in the third quarter 2025?
Operating loss was $14.6M (-64.8% of revenue) and net loss $13.5M.
Source: Ceribell 10-Q on SEC EDGAR.