Filing Flows › Ceribell (CBLL) › Q4 2025
Ceribell (CBLL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Ceribell (CBLL) reported revenue of $24.8M for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +10% from the quarter before. Operating margin was -58.9%, net loss $13.5M (54.6% of revenue).
Ceribell, Q4 2025: revenue $24.8M (+34% year over year), operating margin -58.9%, net loss $13.5M, operating cash flow −$10.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.8M | +10% | +34% |
| Operating profit | −$14.6M | — | — |
| Net earnings | −$13.5M | — | — |
| Operating cash flow | −$10.8M | — | — |
What changed
Revenue was $24.8M in Q4 2025, up 34% year over year and up 10% from the previous quarter. Product was the largest line at 76% of revenue.
Gross margin was 87.3%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $14.6M, an operating margin of -58.9%. Operating expenses grew 24% against revenue growth of 34%. The fastest-growing cost line was Research & development (+29%). The quarter ended with a net loss of $13.5M, wider than the previous quarter's $13.5M loss.
Operating cash flow was −$10.8M. Non-cash charges added back $291K of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $897K. Capital expenditures of $179K exceeded it, leaving free cash flow of −$11.0M.
Questions
What was Ceribell's revenue in the fourth quarter 2025?
Ceribell (CBLL) reported revenue of $24.8M for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +10% from the quarter before.
Was Ceribell profitable in the fourth quarter 2025?
Operating loss was $14.6M (-58.9% of revenue) and net loss $13.5M.
Source: Ceribell 10-K on SEC EDGAR.