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Cerebras Systems (CBRS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cerebras Systems
NasdaqGS•Technology•Semiconductors
$190.47+6.44(0.03%)Pre-market
Market Cap
$29.95B
P/B
3.3x

Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale. The company's pioneering wafer-scale engine, a chip encompassing a silicon wafer, designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI, and other AI applications. Its customers include hyperscalers, foundation model labs, AI-native and digital-native businesses, enterprises, and leaders of Sovereign AI initiatives. The company has operations in the United States, Europe, the Middle East, Africa, and internationally. Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/B · 3.3x5y range 3.3x – 3.3x
P/B 3.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 2 quarters — occasional cash consumption.

Price & Volume
Market Cap $29.95B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$180.11M
TTM EBITDA
$0
TTM Op. Income
$0
Q. Op. Income
$-477.23M
TTM Net Income
$0
Q. Net Income
$-450.53M
EPS
$-2.98
Shares Out.
$150.97M

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
14.2%
EBITDA Margin
-251.4%
Op. Margin
-265.0%
Net Margin
-250.1%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
3.3x
P/S of 0.0x and P/B of 3.3x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$11.63B
Cash
$6.74B
Long-Term Debt
$182.21M
Book Value
$9.15B
D/E Ratio
0.0
Debt/EBITDA
N/A
With $11.63B in assets and $182.21M in long-term debt, D/E is 0.0and book value is $9.15B — a conservative capital structure with a cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-59.82M
TTM Free Cash Flow
$0
FCF Margin
N/A
FCF / Net Income
N/A

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