Cerebras Systems Inc.
For the period ended Mar 31, 2026. Filed Jun 24, 2026.
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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.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | ||
| Hardware | $110,593 | $69,674 |
| Cloud and other services | 82,813 | 29,838 |
| Total revenue | 193,406 | 99,512 |
| Cost of revenue | ||
| Hardware | 64,931 | 48,410 |
| Cloud and other services | 42,299 | 9,498 |
| Total cost of revenue | 107,230 | 57,908 |
| Gross profit | 86,176 | 41,604 |
| Operating expenses | ||
| Research and development | 75,495 | 52,751 |
| Sales and marketing | 14,701 | 10,326 |
| General and administrative | 11,017 | 6,997 |
| Total operating expenses | 101,213 | 70,074 |
| Loss from operations | (15,037) | (28,470) |
| Other income, net | 2,528 | 6,286 |
| Loss before income taxes | (12,509) | (22,184) |
| Income tax expense | 1,497 | 1,683 |
| Net loss | $(14,006) | $(23,867) |
| Net loss per share, basic and diluted | $(0.22) | $(0.46) |
| Weighted average shares outstanding, basic and diluted | 62,806 | 52,003 |
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