Cerebras Systems Inc. is a leading innovator in artificial intelligence infrastructure. The company develops and manufactures an advanced AI compute platform, integrating proprietary hardware systems and software. This platform is delivered in rack-mountable units, suitable for deployment in data centers, scaling all the way up to supercomputer-level capabilities. At its core is the groundbreaking Wafer-Scale Engine (WSE), a unique chip that encompasses an entire silicon wafer. This innovation is specifically engineered to deliver superior performance and speed compared to conventional GPUs, addressing the intensive computational demands of inference, Generative AI, and a broad spectrum of other AI applications. Cerebras serves a diverse clientele, including leading hyperscalers, advanced foundation model laboratories, AI-native and digital-first businesses, large enterprises, and key players in Sovereign AI initiatives. With operations spanning the United States, Europe, the Middle East, Africa, and other international markets, Cerebras maintains a significant global footprint. The company was established in 2015 and is headquartered in Sunnyvale, California.
CBRSdoesn't report a product-segment revenue breakdown.
| $ billions | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Cash & equivalents | 0.7 | 0.2 | 0.0 | 0.0 |
| Short-term investments | 0.4 | 0.1 | 0.1 | 0.2 |
| Receivables | 0.1 | 0.2 | 0.0 | 0.0 |
| Inventory | 0.1 | 0.2 | 0.0 | 0.0 |
| $ billions | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 0.0 | 0.5 | −0.1 | −0.2 |
| Capital expenditure | −0.4 | 0.0 | 0.0 | 0.0 |
| Free cash flow | −0.4 | 0.4 | −0.1 | −0.2 |
| Investing cash flow | −0.7 | 0.0 |
P/E vs EPS growth · below the channel = cheaper for its growth
P/S vs revenue growth · below the channel = cheaper for its growth
| Ticker | P/E | Fwd P/E | PEG | P/S | Fwd P/S | PSG | EPS gr | Rev gr |
|---|---|---|---|---|---|---|---|---|
| CBRS | 176.9 | -198.7 | -1.59 | 66.4 | 46.5 | 0.33 | 125% | 141% |
| ALAB | 194.4 | 102.4 | 1.55 | 52.9 | 34.2 | 0.68 | 66% | 50% |
| FRVO | -102.0 | -119.1 | — | 52985.9 | 1151.3 | 1.06 | 0% | 1091% |
| VOYG | -11.4 | -8.2 | — | 8.8 | 6.1 | 0.09 | 0% | 66% |
Dots = reported EPS vs consensus · gap = surprise · dashed = estimate ($)
Last 12M · $0M bought · $7M sold · net −$7M
| Total current assets |
| 1.5 |
| 1.0 |
| 0.2 |
| 0.3 |
| Property, plant & equipment | 0.7 | 0.1 | 0.0 | 0.0 |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 |
| Other non-current assets | 0.1 | 0.0 | 0.0 | 0.0 |
| Total assets | 2.3 | 1.1 | 0.2 | 0.3 |
| Accounts payable | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 |
| Total current liabilities | 0.7 | 1.2 | 0.1 | 0.0 |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 |
| Total liabilities | 2.9 | 2.1 | 0.8 | 0.7 |
| Shareholders’ equity | −0.6 | −1.0 | −0.6 | −0.5 |
Figures in $ billions · fiscal year · latest five reported years
| 0.1 |
| 0.1 |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 |
| Net debt issued / (repaid) | 0.0 | 0.0 | 0.0 | 0.0 |
| Financing cash flow | 1.0 | 0.1 | 0.0 | 0.0 |
| Net change in cash | 0.3 | 0.5 | 0.0 | 0.0 |
Figures in $ billions · fiscal year · outflows shown negative
Solid = reported · dashed = forward consensus · shaded = analyst low–high ($B)