CBRS
Cerebras Systems Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Neutral
-18/100
Last price
177.29
▼ 4.26 (2.35%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
182.62
Prev close
181.55
Day high
184.66
Day low
175.17
Volume
9.43M
Market cap
$42.07B
P/E (TTM)
—
52W range
160.81 – 386.34
Day trading desk
Gap from prior close
+0.59%
Prior close 181.55
VWAP
177.98
-0.39% from price
Relative volume
2.78×
Unusually busy
Session range
11.10%
166.20 – 184.65
Position in range
60%
Mid range
ATR (14D)
12.76
7.20% of price
Prior day high
185.29
PDH
Prior day low
174.50
PDL
Bid / ask spread
—
Quote not published
Session volume
19.10M
Avg 6.88M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-9.16%
-11.1%
1M
-15.69%
-16.8%
3M
-2.54%
-7.1%
6M
—
-18.2%
YTD
-43.07%
-57.3%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CBRS open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+73.31M
Net buying
Buy transactions
35
75.29M shares
Sell transactions
22
1.98M shares
Net transactions
+57
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
22.66M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 29, 26 | KOMIN ROBERT PATRICK JR Chief Financial Officer |
SELL | 32.50K | $6.61M | Direct |
| Sep 29, 26 | MALLICK DHIRAJ Chief Operating Officer |
SELL | 396.00K | $80.80M | Direct |
| Sep 29, 26 | MALLICK DHIRAJ Chief Operating Officer |
— | 276.00K | — | Direct |
| Sep 28, 26 | PATEL YAGNESH Officer |
SELL | 1.32K | $269.94K | Direct |
| Sep 25, 26 | LIE SEAN Chief Technology Officer |
STOCK | 36.00K | $0 | Direct |
| Sep 25, 26 | LIE SEAN Chief Technology Officer |
SELL | 120.00K | $25.08M | Direct |
| Sep 25, 26 | LIE SEAN Chief Technology Officer |
— | 120.00K | — | Direct |
| Sep 4, 26 | VASSALLO STEVEN Director |
SELL | 50.00K | $10.52M | Indirect |
| Sep 4, 26 | LIE SEAN Chief Technology Officer |
STOCK | 16.04K | $0 | Direct |
| Sep 4, 26 | LIE SEAN Chief Technology Officer |
SELL | 53.46K | $11.24M | Direct |
| Sep 4, 26 | LIE SEAN Chief Technology Officer |
— | 46.14K | — | Direct |
| Sep 4, 26 | FELDMAN ANDREW D Chief Executive Officer |
SELL | 37.44K | $7.88M | Direct |
| Sep 4, 26 | FELDMAN ANDREW D Chief Executive Officer |
— | 37.44K | — | Direct |
| Aug 24, 26 | BENCHMARK CAPITAL MANAGEMENT CO. VIII, L.L.C. Beneficial Owner of more than 10% of a Class of Security |
— | 963.82K | — | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BENCHMARK CAPITAL MANAGEMENT CO. VIII, L.L.C. |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
FELDMAN ANDREW D |
Chief Executive Officer | 17.66K | Sale |
FOUNDATION CAPITAL MANAGEMENT CO. VIII, L.L.C |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
KOMIN ROBERT PATRICK JR |
Chief Financial Officer | 0 | Sale |
LIE SEAN |
Chief Technology Officer | 309.57K | Stock Gift |
MALLICK DHIRAJ |
Chief Operating Officer | 0 | Sale |
PATEL YAGNESH |
Officer | 15.36K | Sale |
SUSAN LIOR |
Director | — | Conversion of Exercise of derivative security |
VASSALLO STEVEN |
Director | — | Sale |
VISHRIA ERIC |
Director | — | Sale |
Fundamentals
Market cap$42.07B
Enterprise value$35.64B
Revenue (TTM)$680.67M
Gross profit$237.57M
EBITDA$-484.79M
Net income$-487.24M
EPS (TTM)$-5.02
Free cash flow—
Total cash$7.92B
Total debt$1.49B
Book value / share$40.27
Shares outstanding112.25M
Float109.96M
Short % of float11.41%
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E139.05
PEG ratio—
Price / sales—
Price / book4.40
EV / revenue52.36
EV / EBITDA-73.51
Gross margin34.90%
Operating margin-264.97%
Profit margin-75.27%
Return on equity—
Return on assets—
Debt / equity16.24
Current ratio5.83
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $509.99M | $290.25M | $78.74M | $24.62M | +75.7% |
| Operating revenue | $509.99M | $290.25M | $78.74M | $24.62M | +75.7% |
| Cost of revenue | $310.92M | $167.51M | $52.39M | $21.73M | +85.6% |
| Gross profit | $199.07M | $122.74M | $26.36M | $2.89M | +62.2% |
| Research & development | $243.32M | $158.23M | $140.06M | $155.41M | +53.8% |
| Selling, general & admin | $101.61M | $65.94M | $20.23M | $26.30M | +54.1% |
| Total operating expense | $344.93M | $224.18M | $160.29M | $181.71M | +53.9% |
| Operating income | -$145.86M | -$101.44M | -$133.93M | -$178.82M | -43.8% |
| Net interest income | $26.80M | $23.23M | $5.68M | $1.08M | +15.4% |
| Pre-tax income | $244.88M | -$479.68M | -$127.02M | -$177.51M | +151.1% |
| Tax provision | $7.06M | $1.93M | $132.00K | $204.00K | +266.2% |
| Net income | $237.83M | -$481.60M | -$127.16M | -$177.72M | +149.4% |
| Net income to common | $87.88M | -$484.78M | -$127.16M | -$177.72M | +118.1% |
| Basic EPS | 0.48 | -2.68 | -0.70 | -0.98 | +117.9% |
| Diluted EPS | 0.42 | -2.68 | -0.70 | -0.98 | +115.7% |
| EBIT | -$145.86M | -$101.44M | -$133.93M | -$178.82M | -43.8% |
| EBITDA | -$111.41M | -$89.90M | -$123.35M | -$166.88M | -23.9% |
| Basic shares | 180.82M | 180.82M | 180.82M | 180.82M | 0.0% |
| Diluted shares | 207.53M | 207.53M | 207.53M | 207.53M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $701.71M | $220.21M | $34.76M | $26.08M | +218.7% |
| Cash & short-term investments | $1.11B | $337.15M | $152.39M | $225.33M | +228.7% |
| Accounts receivable | $50.42M | $137.44M | $6.76M | $3.73M | -63.3% |
| Inventory | $63.63M | $174.49M | $49.08M | $19.54M | -63.5% |
| Total current assets | $1.54B | $1.03B | $212.29M | $253.17M | +49.8% |
| Property, plant & equipment | $686.35M | $79.75M | $13.03M | $28.07M | +760.7% |
| Total assets | $2.33B | $1.11B | $225.50M | $281.49M | +109.0% |
| Total current liabilities | $719.54M | $1.18B | $54.64M | $21.80M | -38.9% |
| Total debt | $261.82M | $40.67M | $560.00K | $1.30M | +543.7% |
| Total liabilities | $2.90B | $2.08B | $784.46M | $747.83M | +39.7% |
| Retained earnings | -$905.33M | -$1.14B | -$661.55M | -$534.40M | +20.8% |
| Shareholder equity | -$578.65M | -$966.79M | -$558.96M | -$466.33M | +40.1% |
| Working capital | $824.11M | -$147.66M | $157.65M | $231.37M | +658.1% |
| Net tangible assets | -$578.65M | -$966.79M | -$558.96M | -$466.33M | +40.1% |
| Shares issued | 215.11M | 215.11M | 215.11M | 215.11M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $237.83M | -$481.60M | -$127.16M | -$177.72M | +149.4% |
| Depreciation & amortisation | $34.45M | $11.54M | $10.58M | $11.94M | +198.6% |
| Stock-based compensation | $49.77M | $58.56M | $26.63M | $16.88M | -15.0% |
| Change in working capital | -$15.64M | $443.47M | $6.71M | -$36.63M | -103.5% |
| Operating cash flow | -$10.05M | $451.98M | -$78.98M | -$164.40M | -102.2% |
| Capital expenditure | -$382.74M | -$23.43M | -$6.59M | -$10.46M | -1,533.2% |
| Investing cash flow | -$667.58M | -$16.79M | $81.70M | $137.39M | -3,877.2% |
| Share buybacks | -$38.09M | -$102.00K | $0 | -$3.88M | -37,239.2% |
| Financing cash flow | $1.03B | $112.30M | $5.93M | $9.10M | +814.2% |
| Free cash flow | -$392.79M | $428.54M | -$85.57M | -$174.87M | -191.7% |
| End cash position | $930.38M | $581.97M | $34.78M | $26.20M | +59.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Total revenue | $180.11M | $193.41M | $103.32M | $99.51M | -6.9% |
| Operating revenue | $180.11M | $193.41M | $103.32M | $99.51M | -6.9% |
| Cost of revenue | $154.55M | $107.23M | $71.22M | $57.91M | +44.1% |
| Gross profit | $25.56M | $86.18M | $32.10M | $41.60M | -70.3% |
| Research & development | $320.15M | $75.50M | $60.77M | $52.75M | +324.1% |
| Selling, general & admin | $182.64M | $25.72M | $28.51M | $17.32M | +610.2% |
| Total operating expense | $502.79M | $101.21M | $89.28M | $70.07M | +396.8% |
| Operating income | -$477.23M | -$15.04M | -$57.18M | -$28.47M | -3,073.7% |
| Net interest income | $29.19M | $3.78M | $5.34M | $6.50M | +671.5% |
| Pre-tax income | -$450.25M | -$12.51M | $311.18M | -$22.18M | -3,499.4% |
| Tax provision | $274.00K | $1.50M | $1.66M | $1.68M | -81.7% |
| Net income | -$450.53M | -$14.01M | $309.51M | -$23.87M | -3,116.7% |
| Net income to common | -$901.06M | -$14.01M | $240.64M | -$23.87M | -6,333.4% |
| Basic EPS | -2.98 | -0.07 | 1.33 | -0.13 | -4,476.8% |
| Diluted EPS | -2.98 | -0.07 | 1.16 | -0.13 | -4,476.8% |
| EBIT | -$430.60M | $6.44M | $311.18M | -$22.18M | -6,786.4% |
| EBITDA | -$406.23M | $24.61M | $316.58M | -$18.27M | -1,750.3% |
| Basic shares | 150.97M | 215.11M | 180.82M | 180.82M | -29.8% |
| Diluted shares | 150.97M | 215.11M | 207.53M | 207.53M | -29.8% |
| Line item | 2026-06-30 | 2026-03-31 | YoY |
|---|---|---|---|
| Cash & equivalents | $6.74B | $1.72B | +292.9% |
| Cash & short-term investments | $7.92B | $2.23B | +255.0% |
| Accounts receivable | $123.36M | $62.63M | +97.0% |
| Inventory | $32.67M | $89.04M | -63.3% |
| Total current assets | $9.12B | $3.58B | +154.7% |
| Property, plant & equipment | $1.52B | $925.74M | +63.7% |
| Total assets | $11.63B | $4.95B | +135.0% |
| Total current liabilities | $1.57B | $1.43B | +9.7% |
| Current debt | $736.04M | $621.31M | +18.5% |
| Long-term debt | $182.21M | $361.62M | -49.6% |
| Total debt | $1.49B | $1.36B | +9.2% |
| Total liabilities | $2.47B | $5.14B | -51.9% |
| Retained earnings | -$1.37B | -$919.34M | -49.0% |
| Shareholder equity | $9.15B | -$194.68M | +4,802.4% |
| Working capital | $7.56B | $2.15B | +250.8% |
| Net tangible assets | $9.15B | -$194.68M | +4,802.4% |
| Shares issued | 228.20M | 215.11M | +6.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Net income | -$450.53M | -$14.01M | $309.51M | -$23.87M | -3,116.7% |
| Depreciation & amortisation | $24.38M | $18.18M | $5.40M | $3.91M | +34.1% |
| Stock-based compensation | $377.01M | $9.59M | $13.28M | $9.15M | +3,830.0% |
| Change in working capital | -$100.61M | -$41.84M | -$40.65M | -$51.29M | -140.5% |
| Operating cash flow | -$59.82M | $12.34M | -$68.91M | -$54.94M | -585.0% |
| Capital expenditure | -$416.90M | -$131.97M | -$86.85M | -$98.24M | -215.9% |
| Investing cash flow | -$1.07B | -$236.62M | -$30.55M | -$56.75M | -353.6% |
| Share buybacks | $0 | -$218.00K | $0 | $0 | +100.0% |
| Financing cash flow | $5.82B | $2.04B | $3.60M | $1.55M | +185.3% |
| Free cash flow | -$476.73M | -$119.64M | -$155.76M | -$153.18M | -298.5% |
| End cash position | $7.43B | $2.75B | $376.89M | $472.01M | +170.5% |
Options analytics
Put / call volume
0.39
Call-heavy session
Put / call open interest
0.53
Positioning, not flow
Max pain
177.50
+0.2% from spot
ATM implied vol
71.7%
Nearest strike to spot
Skew (10% OTM)
-8.3%
Calls bid over puts
Call volume
13.50K
Contracts, this expiry
Put volume
5.23K
Contracts, this expiry
Heaviest call OI
200.00
2.96K contracts
Heaviest put OI
165.00
1.45K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.18 | -0.05 | +74.6% |
| Mar 2026 | -0.15 | -0.04 | +74.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.14 | 10 | $214.70M | — |
| Next quarter | -0.23 | 10 | $274.41M | — |
| Current year | -0.47 | 11 | $887.08M | — |
| Next year | 1.27 | 11 | $2.95B | +232.7% |
Analyst targets & ownership
Mean target$291.64
High target$330.00
Low target$209.00
Implied upside64.50%
Analyst count11
ConsensusSTRONG BUY
Strong buy / Buy3 / 8
Hold0
Sell / Strong sell0 / 0
Held by insiders9.54%
Held by institutions79.42%
Institutions holding517
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
188.23
-5.81% from price
SMA 20
191.55
-7.54% from price
SMA 50
200.47
-11.66% from price
SMA 100
210.94
-15.95% from price
SMA 200
—
—
EMA 12
185.56
-4.46% from price
EMA 26
191.41
-7.38% from price
EMA 50
198.57
-10.72% from price
RSI (14)
42.7
Neutral
MACD (12,26,9)
-5.85
Hist -2.37
ATR (14)
12.76
7.21% of price
Realised vol 30D
69.5%
Annualised
Bollinger upper
217.07
20, 2σ
Bollinger lower
166.02
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.88
More volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
69.5%
Annualised
Market vol 1Y
12.4%
SPY, annualised
Max drawdown 1Y
-46.5%
Peak to trough
Max drawdown 5Y
-46.5%
Peak to trough
ATR 14
12.76
7.21% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
12.80M
Prior 15.84M
Change vs prior
-19.2%
Shorts covering
% of float
11.41%
Elevated
% of shares out
5.39%
Against total outstanding
Days to cover
1.8
Liquid
Float
109.96M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Freedom Capital Markets | UPGRADE | Hold | Buy |
| Sep 14, 26 | Freedom Capital Markets | MAINTAINED | Hold | Hold |
| Aug 19, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Aug 19, 26 | Needham | MAINTAINED | Buy | Buy |
| Aug 13, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 13, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 13, 26 | Wedbush | MAINTAINED | Outperform | Outperform |
| Aug 13, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Aug 13, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Aug 13, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Aug 13, 26 | Needham | MAINTAINED | Buy | Buy |
| Jul 27, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Offering Registrations
S-8 POS · 2026-08-12
Periodic Financial Reports
10-Q · 2026-06-24
Corporate Changes & Voting Matters
8-K · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-05-15
Offering Registrations
S-8 · 2026-05-14
Trading Registrations
8-A12B · 2026-05-11
Offering Registrations
S-1/A · 2026-05-04
Offering Registrations
S-1 · 2026-04-17
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.