Filing Flows › Companies › Cerebras Systems › Cash flow
Cerebras Systems cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$477M in Q2 2026
Analysis
In Q2 2026, Cerebras Systems generated −$59.8M of operating cash flow and spent $417M on capital projects, leaving free cash flow of −$477M. That is $321M less than in Q2 2025 (−$156M).
Operating cash flow was −$59.8M against net income of −$451M. The largest differences: stock-based pay +$377M, prepaid and other assets −$125M, deferred revenue +$89.7M.
Its cash conversion cycle was 42 days (receivables 47 + inventory 36 − payables 41).
Free cash flow
Where the cash came from and went
From profit to cash
| Quarter | Receivable days | Inventory days | Payable days | Cash conversion cycle |
|---|---|---|---|---|
| Q2 2026 | 47 | 36 | 41 | 42 |
| Q1 2026 | 26 | 64 | 42 | 49 |
Every quarter
| Quarter | Operating cash flow | Capital spending | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|
| Q2 2026 | −$59.8M | −$417M | — | $14.9M | −$4.7B | −$477M |
| Q1 2026 | $12.3M | −$132M | $1.0B | $20.3M | −$1.8B | −$120M |
| Q2 2025 | −$68.9M | −$86.8M | — | $3.6M | $95.1M | −$156M |
| Q1 2025 | −$54.9M | −$98.2M | — | $1.6M | $110M | −$153M |
Cerebras Systems: income statement and cash flow
Cerebras Systems, Q2 2026: revenue $180M (+74% year over year), operating margin -265.0%. The chart follows the revenue to costs, profit and cash.
Cerebras Systems: every quarter, Q/Q and Y/Y → Open in the app
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.