Stock Analysis
Cerebras Systems Inc. Class A Common StockCBRS
Sector: Technology · Industry: Semiconductors & Related Devices
AnalystsStrong Buy18 analystsCash covers 533% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Financial Health100
Risks
- Profitability0
- Quality10
Cheap for a reason — fundamentals remain weak.
Market context
-10.5% today· Z 2.3σ
Bull Case
- ✓Altman Z 7.1 — safe-zone balance sheet
- ✓Revenue CAGR 174.6% — durable top-line growth
What's happening with CBRS
Profile
Strong financial health; profitability, earnings quality, moat, valuation and growth lag behind.
How is each axis scored?
- Valuation20/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-2.3%)0/25
- P/S (44.0x)0/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (174.6%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-16.0%)0/25
- ROE (-5.3%)0/25
- Net margin (-71.6%)0/25
- Operating margin (-81.2%)0/25
- Financial Health100/100 · Strong
- Altman Z (7.07)25/25
- Current ratio (5.82)25/25
- Interest coverage (no interest expense)25/25
- Net cash / debt (Net cash)25/25
- Quality10/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (1.28)0/25
- FCF conversion (n/a)0/25
- Margin stability (σ 356.8%)0/25
- Moat13/100 · Weak
- ROIC >12% years (0/3 yrs)0/25
- Median gross margin (36.3%)13/25
- FCF-positive years (1/4 yrs)0/25
- Worst-year net margin (worst -721.9%)0/25
Risk Flags
- ⚠Beneish M 1.28 — earnings-manipulation flag
- ⚠Negative FCF margin (-1.0%) — burning cash
- ⚠SBC 60.8% of revenue — real dilution cost
- ⚠3 loss-making years in recent history
About Cerebras Systems Inc. Class A Common Stock
Cerebras Systems Inc is an AI company. Show more
It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA.
Headquarters: SUNNYVALE, CA · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
20EP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-2.3%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own hist. history: -2.3%–-0.2% · lowest in history · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)44.03xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own hist. history: 44.4x–404.1x · lowest in history
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales—
Enterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E268.1xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.27xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-0.23A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
0EROIC-16.0%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-5.3%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA—
Return on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-71.6%D
Grade D: LowNet Income / Revenue
Operating Margin-81.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin34.8%C
Grade C: AverageGross Profit / Revenue
FCF Margin-99.9%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-160.7%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
25ERevenue CAGR174.6%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue60.8%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
100A+Altman Z-Score7.07A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio5.82xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio5.71xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage—
EBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBIT11.6xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.16xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt5.33xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
10EPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score1.28D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income · CapEx exceeds operating cash flow (1126% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability356.8%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue109.7%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.22xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Vishria Eric Filed | Vishria Eric | BuyJ | +59.1K | |
Feldman Andrew D. Filed | Feldman Andrew D. | BuyJ | +159 | |
Susan Lior Filed | Susan Lior | BuyJ | +63.1K | |
Susan Lior Filed | Susan Lior | BuyJ | +68.4K | |
Susan Lior Filed | Susan Lior | SellJ | -1198489 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Lie Sean Filed | Lie Sean | SellC | -120000 | |
Lie Sean Filed | Lie Sean | Option exercise | +120.0K | |
Lie Sean Filed | Lie Sean | Option exercise | -3125 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
13EROIC >12% Years0/3 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)36.3%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years1/4 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-721.9%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$34.71
Cash & short-term investments per share (Finnhub)
Book Value / Share$40.12
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$1.49B
Total debt obligations (short + long term)
Cash & Equiv.$7.92B
Cash and short-term investments
Net Debt$-6.43BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$9.15B
Shareholders' equity (book value)
Asset / Liability4.70xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$29.97B
Current Market Capitalization
Beta5.32D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Cerebras Systems Inc. Class A Common Stock (CBRS)
CBRS is down 10.52% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Cerebras Systems Inc. Class A Common Stock. Altman Z-Score of 7.07 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of 1.28 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 175% annually — a strong growth profile.
- Free-cash-flow margin is negative (-100%) — the business currently burns cash.
- Company is effectively debt-free after netting cash.
- Cerebras Systems Inc. Class A Common Stock posted a net loss in 3 of 4 available completed fiscal years (2022–2025).
- At a valuation score of 20/100, CBRS trades at a premium to its historical multiples.
See how CBRS ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all CBRS moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 127.07 | -10.62% | -2.16 |
| Oct 16 | After-hours | 126.16 | -11.26% | -2.33 |
| Oct 12 | Regular | 148.00 | -9.85% | -2.50 |
| Oct 12 | After-hours | 145.97 | -11.09% | -2.85 |
| Oct 5 | Regular | 182.28 | +9.52% | 2.94 |
Frequently Asked Questions about CBRS
What is the current Cerebras Systems Inc. Class A Common Stock (CBRS) stock price?
CBRS is trading at $127.21 at the last market close, down 10.52% on the session. PreMarketPrice tracks CBRS pre-market, intraday and after-hours prices.
Is CBRS stock a buy right now?
PreMarketPrice's quantitative model rates Cerebras Systems Inc. Class A Common Stock's financial health at 100/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is CBRS stock overvalued?
Cerebras Systems Inc. Class A Common Stock trades at a trailing P/E of n/a and our valuation score rates it 20/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Cerebras Systems Inc. Class A Common Stock report earnings?
No confirmed earnings date is currently scheduled for CBRS. The Earnings section lists recent reports and updates as dates are announced.
What sector does Cerebras Systems Inc. Class A Common Stock operate in?
Cerebras Systems Inc. Class A Common Stock operates in the Technology sector, within the Semiconductors & Related Devices industry. The Related Stocks section lists sector peers for comparison.
What does Cerebras Systems Inc. Class A Common Stock do?
Cerebras Systems Inc is an AI company.
About Cerebras Systems Inc. Class A Common Stock (CBRS) Stock
Cerebras Systems Inc. Class A Common Stock (CBRS) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry. As of the latest update, Cerebras Systems Inc. Class A Common Stock is trading at $127.21, down 10.52% on the day with a market capitalization of $30.0 billion. The financial health score for CBRS is 100/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for CBRS stock.
CBRS Stock Analysis & Key Metrics
On PreMarketPrice, you can track Cerebras Systems Inc. Class A Common Stock (CBRS) across multiple dimensions:
- Pre-market price & movement: Real-time CBRS stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for CBRS with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Cerebras Systems Inc. Class A Common Stock across multiple reporting periods.
- Financial health score: A composite score of 100/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for CBRS.
- Sector peers: Compare CBRS against 6 other technology stocks on key financial metrics.
Is CBRS a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Cerebras Systems Inc. Class A Common Stock (CBRS) as an investment. The financial health score of 100/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Cerebras Systems Inc. Class A Common Stock (CBRS) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.