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CeriBell, Inc.

CBLL NASDAQ Categories PDF
Healthcare · Medical - Devices
Sunnyvale, CA 94085, United States IPO 2024 ceribell.com Updated Jun 27, 10:02am
Price
$19.98
Market Cap
$758.1M
Employees
281
Beta
0.84
Avg Volume
303,919
CEO
Xingjuan Chao
Business Description

CeriBell, Inc. specializes in pioneering artificial intelligence (AI)-powered electroencephalography (EEG) solutions designed for the immediate diagnosis and treatment of neurological conditions directly at the patient's bedside. The company's primary offering is the Ceribell System, an innovative, on-site EEG platform engineered to fulfill crucial, previously unmet requirements for patients in urgent medical environments. Beyond the core system, CeriBell also provides single-use EEG headbands and compact, battery-powered recording devices. Originally established in 2014 as Brain Stethoscope, Inc., the company underwent a name change to CeriBell, Inc. in August 2015. Its headquarters are located in Sunnyvale, California.

Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)
$19.98
+0.25 (+1.27%)
Day Range
$19.60 – $20.76
52-Week Range
$10.85 – $24.33
50-Day MA
$18.99
200-Day MA
$17.67
Volume
1,128,598.00
Analyst Price Targets
Low $25.00
Consensus $25.00
High $25.00
(3 analysts)
Share Structure
Outstanding 37,942,700.00
Float 24,503,205.00
Free Float 64.6%
Normal free float — 64.6% of shares trade freely, ~35.4% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Last updated: Jun 27, 2026 7:24am (2h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 24, 2026 12:08am (3d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-13.68
Stock Price: $19.98
EPS (Diluted): -1.46
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
5.16
Stock Price: $19.98
Total Equity: $155.34M
Shares: 36,542,048
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-12.83
Market Cap: $758.10M
Total Debt: $19.81M
Cash: $40.48M
EBITDA: -$50.18M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$783.2M
Market Cap: $758.10M
Total Debt: $19.81M
Cash: $40.48M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
9.00
Stock Price: $19.98
Revenue: $89.06M
Shares: 36,542,048
EV/Sales (Total value vs revenue — works when P/E can't)
API
8.79
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
87.9%
Gross Profit: $78.27M
Revenue: $89.06M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-65.6%
Operating Income: -$58.40M
Revenue: $89.06M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-60.0%
Net Income: -$53.41M
Revenue: $89.06M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-38.2%
Net Income: -$53.41M
Total Equity: $155.34M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-39.8%
Operating Income: -$58.40M
Tax Rate: 0.0%
Equity: $155.34M
Total Debt: $19.81M
Cash: $40.48M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
9.73
Current Assets: $186.72M
Current Liabilities: $19.19M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.13
Short-Term Debt: $0.00
Long-Term Debt: $19.81M
Total Debt: $19.81M
Total Equity: $155.34M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$2.44
Revenue: $89.06M
Shares: 36,542,048
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$4.25
Total Equity: $155.34M
Shares: 36,542,048
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-1.14
Operating CF: -$40.81M
CapEx: -$767,000
Shares: 36,542,048
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $19.98
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$53.41M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CBLL against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 12:08am (3d ago)
Metric 2022 2023 2024 2025
Revenue $25.9M $45.2M $65.4M $89.1M
Cost of Revenue $4.4M $7.1M $8.7M $10.8M
Gross Profit $21.5M $38.2M $56.8M $78.3M
Operating Expenses $57.5M $68.2M $96.5M $136.7M
Operating Income -$36.0M -$30.0M -$39.7M -$58.4M
Net Income -$37.2M -$29.5M -$40.5M -$53.4M
EBITDA -$35.1M -$26.5M -$37.3M -$50.2M
EPS $-1.59 $-1.26 $-3.39 $-1.46
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 24, 2026 12:08am (3d ago)
Metric 2022 2023 2024 2025
Cash & Equivalents $68.2M $34.5M $194.4M $40.5M
Total Current Assets $79.8M $52.0M $217.3M $186.7M
Total Assets $86.5M $58.9M $225.4M $195.8M
Current Liabilities $9.9M $21.6M $13.0M $19.2M
Long-Term Debt $12.7M $0 $19.6M $19.8M
Total Liabilities $172.9M $171.2M $34.2M $40.5M
Total Equity -$86.4M -$112.3M $191.2M $155.3M
Retained Earnings -$97.0M -$126.5M -$166.9M -$220.4M
Cash Flow (Annual)
Last updated: Jun 24, 2026 12:08am (3d ago)
Metric 2022 2023 2024 2025
Operating Cash Flow -$32.0M -$29.2M -$35.0M -$40.8M
Capital Expenditure $-516,000 $-983,000 -$1.3M $-767,000
Free Cash Flow -$32.5M -$30.1M -$36.4M -$41.6M
Acquisitions (net) $0 $0 $0 $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0
Net Change in Cash $16.4M -$33.7M $159.9M -$153.9M
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:02am (just now)
Metric 2027 2028 2029 2030
Revenue $145.9M
$143.5M – $147.2M
$186.9M
$186.9M – $187.0M
$228.5M
$225.7M – $231.0M
$278.5M
$275.1M – $281.5M
EBITDA -$99.2M
-$100.1M – -$97.6M
-$127.1M
-$127.1M – -$127.1M
-$155.4M
-$157.1M – -$153.5M
-$189.4M
-$191.4M – -$187.0M
Net Income -$44.3M
-$47.0M – -$32.9M
-$34.8M
-$37.6M – -$23.7M
-$22.0M
-$22.3M – -$21.6M
-$20.1M
-$20.4M – -$19.8M
EPS
Growth Trends (YoY %)
Last updated: Jun 24, 2026 12:08am (3d ago)
Metric 2023 2024 2025
Revenue Growth +74.5% +44.7% +36.1%
Gross Profit Growth +77.6% +48.7% +37.9%
Operating Income Growth +16.6% -32.2% -47.1%
Net Income Growth +20.7% -37.3% -32.0%
EBITDA Growth +24.4% -40.8% -34.5%
Insider Trading (Recent)
Last updated: Jun 27, 2026 7:24am (2h ago)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-06-11 Taylor Joseph Michael S-Sale 5,500.00 $18.41 $101,255
2026-06-08 Chao Xingjuan M-Exempt 23,554.00 $4.70 $110,704
2026-06-08 Chao Xingjuan M-Exempt 1,446.00 $4.70 $6,796
2026-06-08 Chao Xingjuan S-Sale 23,554.00 $18.33 $431,745
2026-06-08 Chao Xingjuan M-Exempt 1,446.00 $4.70 $6,796
2026-06-08 Chao Xingjuan M-Exempt 23,554.00 $4.70 $110,704
2026-06-02 Tammenoms Bakker Juliet A-Award 7,838.00 $0.00 $0
2026-06-02 Parvizi Josef A-Award 7,838.00 $0.00 $0
2026-06-02 Rogers Erica J. A-Award 7,838.00 $0.00 $0
2026-06-02 BURKE WILLIAM W A-Award 7,838.00 $0.00 $0
2026-06-02 Taylor Joseph Michael A-Award 7,838.00 $0.00 $0
2026-06-02 ROBERTSON REBECCA B A-Award 7,838.00 $0.00 $0
2026-05-21 Manni Joseph S. S-Sale 1,378.00 $18.00 $24,804
2026-03-10 Manni Joseph S. A-Award 3,500.00 $9.41 $32,935
2026-05-21 Foehr David S-Sale 987.00 $18.00 $17,766
2026-05-22 Foehr David S-Sale 862.00 $18.80 $16,206
2026-05-21 Woo Raymond S-Sale 1,966.00 $18.00 $35,388
2026-05-21 Blumberg Scott S-Sale 1,387.00 $18.00 $24,966
2026-05-21 Chao Xingjuan S-Sale 6,030.00 $18.00 $108,540
2026-05-05 Chao Xingjuan M-Exempt 23,554.00 $4.70 $110,704
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CBLL — it's generated by the pipeline (market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30