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Ceribell (CBLL) Q3 FY2026 earnings: revenue $29 million, up 29.9% on the year

Ceribell, Inc. (CBLL) reported revenue of $29 million for Q3 FY2026, the quarter ended 30 September 2026, up 29.9% on the same quarter a year earlier. Net income was -$21 million, and diluted earnings per share $-0.55. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue
$29 million
+29.9% on the year · +4.4% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-70.0%
-64.8% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$21 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.55
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 narrowed.

  • Revenue rose 30% year over year: Total revenue was $29.3 million, up 30% from $22.6 million in the third quarter of 2025.
  • Active accounts reached 747: Active accounts ended the quarter at 747, with 35 net new customers added in the quarter, which the release describes as a record. The second-quarter release reported 712 accounts.
  • Operating expenses rose 36%: Operating expenses were $46.9 million, up 36% from $34.6 million. Management cited commercial organization investment, including infrastructure ahead of the delirium launch, along with research and development, stock-based compensation, and legal costs.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue29.328.122.6+4.4%+29.9%
Cost of revenue3.02.22.6+39.0%+13.4%
Gross profit26.325.919.9+1.5%+32.1%
Gross margin89.8%92.3%88.3%
Research and development7.46.75.0+9.7%+48.6%
Operating income-20.5-20.0-14.6
Operating margin-70.0%-71.1%-64.8%
Interest expense0.30.40.5-39.0%-44.4%
Pre-tax income-21.4-19.3-13.5
Income tax0.00.00.0
Net income-21.4-19.3-13.5
Net margin-72.8%-68.6%-59.6%
Diluted EPS-$0.55-$0.51-$0.37
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow-13.1-12.9-11.1
Capital expenditure0.10.00.4+488.2%-72.9%
Free cash flow-13.2-12.9-11.5
Free cash flow margin-44.9%-45.8%-50.8%
Cash from investing20.8-0.6-6.9
Cash from financing1.60.91.6+79.5%-3.7%
Depreciation and amortisation0.20.20.30.0%-33.3%
Share-based compensation7.16.03.3+18.4%+112.0%
Diluted shares, weighted39m38m37m+1.2%+4.6%
Shares outstanding at period end39m38m37m+1.6%+4.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity118128164-8.4%-28.4%
Debt20.020.019.7+0.1%+1.3%
Operating lease liabilities0.40.70.4-42.2%+2.4%
Other liabilities18.417.315.3+6.3%+20.4%
Total liabilities and equity156166200-6.0%-21.6%
Fixed assets1.81.82.1+0.8%-13.7%
Investments75.596.6145-21.9%-47.9%
Cash and equivalents42.032.723.7+28.6%+76.9%
Receivables17.816.012.2+11.2%+45.4%
Inventory7.06.76.0+3.2%+15.5%
Other assets12.412.610.7-1.7%+16.0%
Total assets156166200-6.0%-21.6%

Questions

What was Ceribell's revenue in Q3 FY2026?

Ceribell (CBLL) reported revenue of $29 million for Q3 FY2026, the quarter ended 30 September 2026, up 29.9% on the same quarter a year earlier.

How much did Ceribell earn in Q3 FY2026?

Net loss for Q3 FY2026 was $21 million, and the diluted loss per share $0.55.

When did Ceribell report Q3 FY2026 results?

Ceribell filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 12 quarters

Q3 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue11.614.415.317.218.520.521.222.624.826.528.129.3
Cost of revenue1.92.12.22.22.32.52.52.63.13.42.23.0
Gross profit9.712.313.215.016.218.018.719.921.623.125.926.3
Gross margin84%86%86%87%88%88%88%88%87%87%92%90%
R&D2.33.03.33.43.94.24.95.05.16.26.77.4
Operating income-7.2-8.5-8.4-9.9-12.9-14.2-15.0-14.6-14.6-20.7-20.0-20.5
Operating margin-62%-59%-55%-58%-70%-69%-71%-65%-59%-78%-71%-70%
Interest expense0.50.40.50.50.50.50.50.50.50.40.40.3
Pre-tax income-7.1-8.5-8.9-10.4-12.6-12.8-13.6-13.5-13.5-19.7-19.3-21.4
Net income-7.1-8.5-8.9-10.4-12.6-12.8-13.6-13.5-13.5-19.7-19.3-21.4
Net margin-61%-59%-58%-61%-68%-62%-64%-60%-55%-74%-69%-73%
Diluted EPS-$1.32-$1.56-$1.61-$1.85-$0.40-$0.36-$0.38-$0.37-$0.36-$0.52-$0.51-$0.55
Operating cash flown/a-9.6-7.0-8.5-10.0-11.4-7.5-11.1-10.8-19.3-12.9-13.1
Capital expendituren/a0.10.30.60.40.10.10.40.20.10.00.1
Free cash flown/a-9.6-7.3-9.1-10.3-11.6-7.6-11.5-11.0-19.4-12.9-13.2
Shares outstanding36m36m37m6m36m36m37m37m37m38m38m39m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.