Cerebras Systems Balance Sheet Health
Financial Health criteria checks 3/6
Cerebras Systems has a total shareholder equity of $2.8B and total debt of $982.9M, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are $4.9B and $2.2B respectively.
Key information
35.71%
Debt to equity ratio
US$982.92m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.23b |
| Equity | US$2.75b |
| Total liabilities | US$2.20b |
| Total assets | US$4.95b |
Recent financial health updates
Recent updates
Cerebras: The Technology Is Real, But So Are The Risks
Summary Cerebras Systems is rated Hold due to high valuation, customer concentration, and ongoing losses despite rapid revenue growth and unique AI hardware. FY26 revenue guidance is $855M–$865M (up 69% YoY), but gross margins are expected to tighten to 38–41% from 47% in Q1 FY26. Cloud revenue is surging (178% YoY), but hardware revenue is set to decline short-term as the business mix shifts and major contracts ramp. Heavy spending, negative free cash flow, and reliance on a few customers heighten risk, while competition from larger players remains intense. Read the full article on Seeking Alpha
Fast AI Inference And Data Center Expansion Will Support Long Term Earnings Power
Catalysts About Cerebras Systems Cerebras Systems builds wafer scale AI accelerators and operates an AI inference cloud focused on high speed token generation. What are the underlying business or industry changes driving this perspective?
The Wafer Giant Threatening NVIDIA's GPU Hegemony
Summary The Blockbuster Debut: Cerebras went public on May 14, 2026, pricing at $185 per share (well above expectations) and raising $5.55 billion in a heavily oversubscribed IPO. The Hardware Revolution: Its flagship Wafer-Scale Engine 3 (WSE-3) is a single, massive silicon wafer that destroys the traditional "memory wall" throttling standard GPU clusters.Financial Position Analysis
Short Term Liabilities: CBRS's short term assets ($3.6B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: CBRS's short term assets ($3.6B) exceed its long term liabilities ($768.4M).
Debt to Equity History and Analysis
Debt Level: CBRS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CBRS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CBRS's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: Insufficient data to determine if CBRS's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 22:15 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cerebras Systems Inc. is covered by 11 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas O'Malley | Barclays |
| Atif Malik | Citigroup Inc |
| Richard Shannon | Craig-Hallum Capital Group LLC |