Cerebras Systems Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 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.
Jun 30, 2026 · Filed Aug 12, 2026
CBRS$96.70+7.8%Stored close · as of Nov 9, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Hardware | $54,119 | $70,295 | $164,712 | $139,969 |
| Cloud and other services | 125,991 | 33,027 | 208,804 | 62,865 |
| Total revenue | 180,110 | 103,322 | 373,516 | 202,834 |
| Cost of revenue | ||||
| Hardware | 53,141 | 46,649 | 118,072 | 95,059 |
| Cloud and other services | 101,410 | 24,574 | 143,709 | 34,072 |
| Total cost of revenue | 154,551 | 71,223 | 261,781 | 129,131 |
| Gross profit | 25,559 | 32,099 | 111,735 | 73,703 |
| Operating expenses | ||||
| Research and development | 320,151 | 60,768 | 395,646 | 113,519 |
| Sales and marketing | 86,969 | 18,228 | 101,670 | 28,554 |
| General and administrative | 95,672 | 10,285 | 106,689 | 17,282 |
| Total operating expenses | 502,792 | 89,281 | 604,005 | 159,355 |
| Loss from operations | (477,233) | (57,182) | (492,270) | (85,652) |
| Other income, net | 26,979 | 368,358 | 29,507 | 374,644 |
| Income (loss) before income taxes | (450,254) | 311,176 | (462,763) | 288,992 |
| Income tax expense | 274 | 1,664 | 1,771 | 3,347 |
| Net income (loss) | $(450,528) | $309,512 | $(464,534) | $285,645 |
| Net income (loss) attributable to common shareholders | ||||
| Basic | $(450,528) | $120,318 | $(464,534) | $110,580 |
| Diluted | $(450,528) | $309,512 | $(464,534) | $285,645 |
| Net income (loss) per share attributable to common shareholders | ||||
| Basic | $(2.98) | $2.28 | $(4.34) | $2.11 |
| Diluted | $(2.98) | $1.91 | $(4.34) | $1.76 |
| Weighted average shares outstanding | ||||
| Basic | 150,968 | 52,720 | 107,132 | 52,363 |
| Diluted | 150,968 | 161,822 | 107,132 | 162,276 |
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