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Axogen vs Ceribell: AXGN and CBLL compared
Axogen is the larger company: $75.8M of revenue in its latest quarter (Q3 2026) against $29.3M for Ceribell (Q3 2026). Ceribell is growing faster (+30% against +26% a year earlier). Axogen is more profitable, with an operating margin of 1.3% against -70.0%.
Where the money goes: AXGN and CBLL
Axogen (AXGN) · Q3 2026
Axogen, Q3 2026: revenue $75.8M (+26% year over year), operating margin 1.3%, net earnings $2.3M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
Ceribell (CBLL) · Q3 2026
Ceribell, Q3 2026: revenue $29.3M (+30% year over year), operating margin -70.0%, net loss $21.4M, operating cash flow −$13.1M. The chart follows the revenue to costs, profit and cash.
| Axogen (AXGN) | Ceribell (CBLL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $75.8M | $29.3M |
| Revenue growth, Y/Y | +26% | +30% |
| Gross margin | 74.8% | — |
| Operating margin | 1.3% | -70.0% |
| Net earnings | $2.3M | −$21.4M |
| Net margin | 3.1% | -72.8% |
| Operating cash flow | $16.5M | −$13.1M |
| Free cash flow | $15.1M | — |
Where the revenue comes from
Ceribell
- Product: $22.2M (76%)
- Subscription: $7.1M (24%)
Questions
Which is bigger, Axogen or Ceribell?
Axogen is the larger company: $75.8M of revenue in its latest quarter (Q3 2026) against $29.3M for Ceribell (Q3 2026).
Is Axogen or Ceribell growing faster?
Ceribell is growing faster (+30% against +26% a year earlier).
Which is more profitable, Axogen or Ceribell?
Axogen is more profitable, with an operating margin of 1.3% against -70.0%.
More: Axogen earnings · how Axogen makes money · Ceribell earnings · how Ceribell makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.