Cerebras Systems Inc.
For the period ended Mar 31, 2026. Filed Jun 24, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Jun 24, 2026
CBRS$89.68+9.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except per share and share amounts)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,716,016 | $701,706 |
| Restricted cash | 1,029,098 | 228,672 |
| Investments | 515,605 | 406,531 |
| Accounts receivable, net | 62,631 | 50,423 |
| Inventories | 89,040 | 63,626 |
| Customer warrants | 90,701 | 60,906 |
| Prepaid expenses and other current assets | 77,870 | 31,782 |
| Total current assets | 3,580,961 | 1,543,646 |
| Property and equipment, net | 572,439 | 437,396 |
| Customer warrants, net of current portion | 425,355 | 91,447 |
| Operating lease right-of-use assets | 353,303 | 248,950 |
| Other non-current assets | 16,320 | 4,598 |
| Total assets | $4,948,378 | $2,326,037 |
| LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $50,336 | $48,630 |
| Deferred revenue | 149,918 | 131,049 |
| Operating lease liability | 66,218 | 45,865 |
| Customer deposits | 368,426 | 354,460 |
| Working capital loan | 621,306 | — |
| Accrued and other current liabilities | 171,042 | 139,536 |
| Total current liabilities | 1,427,246 | 719,540 |
| Deferred revenue, net of current portion | 94,344 | 35,847 |
| Operating lease liability, net of current portion | 312,474 | 215,957 |
| Working capital loan, net of current portion | 361,617 | — |
| Total liabilities | 2,195,681 | 971,344 |
| Commitments and contingencies (Note 16) | ||
| Redeemable convertible preferred stock, $0.00001 par value per share: 124,652,775 shares and 113,258,719 shares authorized, at March 31, 2026 and December 31, 2025, respectively; 124,652,775 and 113,258,716 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 2,947,379 | 1,933,348 |
| Stockholders’ deficit | ||
| Class A common stock, $0.00001 par value; 287,000,000 and 271,800,000 shares authorized at March 31, 2026 and December 31, 2025, respectively; 58,991,587 and 57,907,093 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 1 | 1 |
| Class N common stock, $0.00001 par value; 40,000,000 and 37,100,000 shares authorized at March 31, 2026 and December 31, 2025, respectively; 2,026,025 and nil shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | — | — |
| Treasury stock, at cost, 889,890 shares as of March 31, 2026 and December 31, 2025 | (21,456) | (21,456) |
| Additional paid-in capital | 742,713 | 346,829 |
| Accumulated other comprehensive income | 3,396 | 1,301 |
| Accumulated deficit | (919,336) | (905,330) |
| Total stockholders’ deficit | (194,682) | (578,655) |
| Total liabilities, redeemable convertible preferred stock, and stockholders’ deficit | $4,948,378 | $2,326,037 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.