CBLL on Nasdaq
Ceribell, Inc.
A seizure is an abnormal burst of uncontrolled electrical activity in the brain which, if left untreated, can result in permanent disability or death.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerCBLL on Nasdaq2
- IndustryElectromedical & Electrotherapeutic Apparatus2
- HeadquartersSunnyvale, United States2
- Incorporated inDE3
- Business address360 N. Pastoria Avenue, Sunnyvale, Ca 940853
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formCorporation2
- LEI254900XFP5492GQXKO052
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 55952442
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A seizure is an abnormal burst of uncontrolled electrical activity in the brain which, if left untreated, can result in permanent disability or death. Seizures are often associated with epilepsy, a chronic condition that causes recurring seizures throughout an individual’s life. However, seizures in the acute care setting are also commonly triggered by serious conditions such as brain tumors, traumatic brain injury, stroke, cardiac arrest, and sepsis, among others. In contrast to epileptic seizures which are short in duration and typically involve convulsions, seizures occurring in the acute care setting tend to be longer in duration and are most often non-convulsive, meaning they lack the physical symptoms that are often used to identify seizure activity, which makes empirical diagnosis extremely challenging. This creates a significant unmet need, and it is estimated that up to 92% of a…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 76% of the revenue Ceribell, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $50.1M | $67.3M |
| Subscription | $15.4M | $21.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue12¢$10.8M
- Research and development21¢$19.1M
- Other costs66¢$59.1M
Out of $89.1M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total Revenue | $89.1M | $65.4M |
| Total cost of revenue | $10.8M | $8.7M |
| Gross profit | $78.3M | $56.8M |
| Research and development | $19.1M | $13.6M |
| Sales and marketing | $73.1M | $49.1M |
| General and administrative | $44.5M | $33.8M |
| Total operating expenses | $136.7M | $96.5M |
| Loss from operations | -$58.4M | -$39.7M |
| Interest expense | -$1.9M | -$2.0M |
| Change in fair value of warrant liability | $0 | -$1.5M |
| Other income, net | $6.9M | $2.7M |
| Loss, before provision for income taxes | -$53.4M | -$40.5M |
| Provision for income tax expense | $0 | $0 |
| Net loss | -$53.4M | -$40.5M |
| Basic | -$1.46 | -$3.39 |
| Diluted | -$1.46 | -$3.39 |
| Basic | 36.5M shares | 11.9M shares |
| Diluted | 36.5M shares | 11.9M shares |
| Unrealized gain on marketable securities | $159.0K | $0 |
| Comprehensive loss | -$53.3M | -$40.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $40.5M | $194.4M | |
| Marketable securities | $118.8M | ||
| Accounts receivable, net | $15.1M | $10.9M | |
| Inventory | $7.3M | $6.9M | |
| Contract costs, current | $2.2M | $1.8M | |
| Prepaid expenses and other current assets | $2.9M | $3.2M | |
| Total current assets | $186.7M | $217.3M | |
| Property and equipment, net | $2.0M | $2.3M | |
| Operating lease right-of-use assets | $2.3M | $2.1M | |
| Contract costs, long-term | $1.8M | $1.5M | |
| Other non-current assets | $2.9M | $2.2M | |
| Total assets | $195.8M | $225.4M | |
| Accounts payable | $2.8M | $1.1M | |
| Accrued liabilities | $14.3M | $10.1M | |
| Contract liabilities, current | $101.0K | $97.0K | |
| Operating lease liability, current | $1.1M | $1.1M | |
| Other current liabilities | $818.0K | $609.0K | |
| Total current liabilities | $19.2M | $13.0M | |
| Notes payable, long-term | $19.8M | $19.6M | |
| Contract liabilities, long-term | $0 | $30.0K | |
| Other liabilities, long-term | $106.0K | $356.0K | |
| Operating lease liability, long-term | $1.4M | $1.3M | |
| Total long-term liabilities | $21.3M | $21.3M | |
| Total liabilities | $40.5M | $34.2M | |
| Common stock, $0.001 par value; Authorized shares: 500,000,000 as of December 31, 2025 and December 31, 2024, respectively Issued and outstanding shares: 37,485,124 and 35,850,60 as of December 31, 2025 and December 31, 2024, respectively. | $38.0K | $36.0K | |
| Additional paid-in capital | $375.5M | $358.1M | |
| Accumulated other comprehensive income | $159.0K | ||
| Accumulated deficit | -$220.4M | -$166.9M | |
| Total stockholders' deficit | $155.3M | $191.2M | -$112.3M |
| Total liabilities and stockholders' equity | $195.8M | $225.4M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 37.5M shares | 35.9M shares | |
| Common stock, shares outstanding | 37.5M shares | 35.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $40.5M | $194.4M | |
| Marketable securities | $118.8M | ||
| Accounts receivable, net | $15.1M | $10.9M | |
| Inventory | $7.3M | $6.9M | |
| Contract costs, current | $2.2M | $1.8M | |
| Prepaid expenses and other current assets | $2.9M | $3.2M | |
| Total current assets | $186.7M | $217.3M | |
| Property and equipment, net | $2.0M | $2.3M | |
| Operating lease right-of-use assets | $2.3M | $2.1M | |
| Contract costs, long-term | $1.8M | $1.5M | |
| Other non-current assets | $2.9M | $2.2M | |
| Total assets | $195.8M | $225.4M | |
| Accounts payable | $2.8M | $1.1M | |
| Accrued liabilities | $14.3M | $10.1M | |
| Contract liabilities, current | $101.0K | $97.0K | |
| Operating lease liability, current | $1.1M | $1.1M | |
| Other current liabilities | $818.0K | $609.0K | |
| Total current liabilities | $19.2M | $13.0M | |
| Notes payable, long-term | $19.8M | $19.6M | |
| Contract liabilities, long-term | $0 | $30.0K | |
| Other liabilities, long-term | $106.0K | $356.0K | |
| Operating lease liability, long-term | $1.4M | $1.3M | |
| Total long-term liabilities | $21.3M | $21.3M | |
| Total liabilities | $40.5M | $34.2M | |
| Common stock, $0.001 par value; Authorized shares: 500,000,000 as of December 31, 2025 and December 31, 2024, respectively Issued and outstanding shares: 37,485,124 and 35,850,60 as of December 31, 2025 and December 31, 2024, respectively. | $38.0K | $36.0K | |
| Additional paid-in capital | $375.5M | $358.1M | |
| Accumulated other comprehensive income | $159.0K | ||
| Accumulated deficit | -$220.4M | -$166.9M | |
| Total stockholders' deficit | $155.3M | $191.2M | -$112.3M |
| Total liabilities and stockholders' equity | $195.8M | $225.4M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 37.5M shares | 35.9M shares | |
| Common stock, shares outstanding | 37.5M shares | 35.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$53.4M | -$40.5M |
| Depreciation and amortization expense | $1.3M | $1.1M |
| Noncash lease expense | -$101.0K | $59.0K |
| Stock-based compensation expense | $12.2M | $5.4M |
| Amortization of debt discount and accretion of premium on term loans | $415.0K | $382.0K |
| Accretion (amortization) of discount and premium on marketable securities | -$2.0M | $0 |
| Change in fair value of warrant liability | $0 | $1.5M |
| Loss on disposal of property and equipment and recorders | $104.0K | $95.0K |
| Accounts receivable, net | -$4.2M | -$2.9M |
| Inventory | -$351.0K | -$1.1M |
| Prepaid expenses and other current assets | $345.0K | -$1.1M |
| Contract costs | -$713.0K | -$591.0K |
| Other non-current asset | -$415.0K | -$65.0K |
| Accounts payable | $1.7M | $250.0K |
| Accrued liabilities and other current liabilities | $4.2M | $2.5M |
| Contract liabilities | -$26.0K | -$123.0K |
| Net cash used in operating activities | -$40.8M | -$35.0M |
| Purchases of recorder components and recorders | -$755.0K | -$258.0K |
| Purchases of property and equipment | -$767.0K | -$1.3M |
| Purchases of marketable securities | -$210.8M | $0 |
| Proceeds from maturities of marketable securities | $94.2M | $0 |
| Net cash used in investing activities | -$118.1M | -$1.6M |
| Proceeds related to employee stock plans | $5.4M | $1.1M |
| Taxes withheld and paid related to settlement or vesting of equity awards | -$236.0K | $0 |
| Proceeds from debt issuance | $0 | $7.9M |
| Debt issuance cost | -$150.0K | -$304.0K |
| Payment of deferred IPO offering costs | $0 | -$5.0M |
| Proceeds from IPO, net of commissions | $0 | $192.8M |
| Net cash provided by financing activities | $5.1M | $196.5M |
| Net increase (decrease) in cash and cash equivalents | -$153.9M | $159.9M |
| Cash paid for interest | $1.9M | $2.0M |
| Right-of-use asset obtained in exchange for operating lease obligation | $1.1M | $778.0K |
| Property and equipment included in accounts payable and accrued expenses | $63.0K | $99.0K |
| Recorder components included in accounts payable and accrued expenses | $67.0K | $69.0K |
| Conversion of redeemable convertible preferred stock into common stock on completion of IPO | $0 | $147.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Ceribell, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerXingjuan Chao Oct 10, 2024 to now9
- PresidentXingjuan Chao Oct 10, 2024 to now9
- Chief financial officerScott Blumberg Oct 10, 2024 to now10
Board members and other officers (13)
- Chief Revenue OfficerJoseph S. Manni Apr 1, 2025 to now11
- Senior VP, Finance and PAODavid Foehr Oct 10, 2024 to now12
- Chief Business OfficerJoshua Copp Oct 10, 2024 to Oct 10, 202413
- Chief Technology OfficerRaymond Woo Oct 10, 2024 to now14
- Board memberSharon O'Keefe Jul 30, 2026 to now15
- Board memberThomas A. West Jul 30, 2026 to now16
- Board memberErica J. Rogers Sep 19, 2025 to now17
- Board memberBakker Juliet Tammenoms Oct 10, 2024 to now18
- Board memberJosef Parvizi Oct 10, 2024 to now19
- Board memberLucian Iancovici Oct 10, 2024 to Oct 10, 202420
- Board memberRebecca B. Robertson Oct 10, 2024 to now21
- Board memberWilliam W. Burke Oct 10, 2024 to now22
- Board memberXingjuan Chao Oct 10, 2024 to now9
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
Filings
301 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 24 major events, 132 insider forms, 17 large holders, 1 private raises, 119 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 1, 2026144 EDGAR
- Sep 17, 20264 EDGAR
- Sep 17, 20264 EDGAR
- Sep 15, 2026144 EDGAR
- Sep 15, 2026144 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 8, 2026144 EDGAR
- Sep 8, 2026144 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Sep 2, 2026144 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 24, 2026144 EDGAR
The 301 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
84 open-market trades by officers, directors and large owners since October 2021: 2 buys and 82 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Chao XingjuanPresident and CEO | Sale | 20,846 | $25.03 | $521.8K | Form 4 |
| Sep 15, 2026 | Blumberg ScottChief Financial Officer | Sale | 846 | $25.00 | $21.1K | Form 4 |
| Sep 8, 2026 | Foehr DavidSenior VP, Finance and PAO | Sale | 9,255 | $24.25 | $224.5K | Form 4 |
| Sep 8, 2026 | Woo RaymondChief Technology Officer | Sale | 4,887 | $24.33 | $118.9K | Form 4 |
| Sep 2, 2026 | Chao XingjuanPresident and CEO | Sale | 39,540 | $24.61 | $973.1K | Form 4 |
| Sep 2, 2026 | Blumberg ScottChief Financial Officer | Sale | 652 | $25.00 | $16.3K | Form 4 |
| Aug 24, 2026 | Foehr DavidSenior VP, Finance and PAO | Sale | 859 | $23.95 | $20.6K | Form 4 |
| Aug 21, 2026 | Manni Joseph S.Chief Revenue Officer | Sale | 1,361 | $24.02 | $32.7K | Form 4 |
| Aug 21, 2026 | Foehr DavidSenior VP, Finance and PAO | Sale | 993 | $24.02 | $23.9K | Form 4 |
| Aug 21, 2026 | Woo RaymondChief Technology Officer | Sale | 1,979 | $24.02 | $47.5K | Form 4 |
| Aug 21, 2026 | Blumberg ScottChief Financial Officer | Sale | 1,521 | $24.02 | $36.5K | Form 4 |
| Aug 21, 2026 | Chao XingjuanPresident and CEO | Sale | 6,068 | $24.02 | $145.8K | Form 4 |
| Aug 19, 2026 | Blumberg ScottChief Financial Officer | Sale | 33,512 | $25.03 | $838.8K | Form 4 |
| Aug 19, 2026 | Chao XingjuanPresident and CEO | Sale | 31,415 | $25.03 | $786.3K | Form 4 |
| Aug 18, 2026 | Blumberg ScottChief Financial Officer | Sale | 990 | $25.00 | $24.8K | Form 4 |
| Aug 18, 2026 | Chao XingjuanPresident and CEO | Sale | 2,199 | $25.00 | $55.0K | Form 4 |
| Aug 13, 2026 | Taylor Joseph MichaelDirector | Sale | 13,095 | $23.40 | $306.4K | Form 4 |
| Aug 3, 2026 | Chao XingjuanPresident and CEO | Sale | 39,000 | $18.32 | $714.5K | Form 4 |
| Jul 7, 2026 | Chao XingjuanPresident and CEO | Sale | 39,000 | $19.90 | $776.1K | Form 4 |
| Jun 30, 2026 | BURKE WILLIAM WDirector | Sale | 2,207 | $19.84 | $43.8K | Form 4 |
All 84 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- TPG GP A, LLCSCHEDULE 13G/A, 2 filings Feb 13, 2025 to Aug 14, 202624
- FMR LLCSCHEDULE 13G/A, 5 filings Nov 7, 2024 to Aug 6, 202625
- BlackRockSCHEDULE 13G, 1 filing Jul 27, 202626
- Global Value Investment Portfolio Management Pte LtdSCHEDULE 13G/A, 2 filings Feb 20, 2025 to May 14, 202627
- Xingjuan ChaoSCHEDULE 13G/A, 2 filings Feb 12, 2025 to May 12, 202628
- ABG Management Ltd.SCHEDULE 13G/A, 2 filings May 2, 2025 to Dec 11, 202529
- Red Tree GP, LLCSCHEDULE 13G, 1 filing Feb 14, 202530
- Josef ParviziSCHEDULE 13G, 1 filing Feb 12, 202531
- Longitude Capital Partners IV, LLCSC 13D, 1 filing Oct 22, 202432
Money raised
Private offerings the company reported to the SEC on Form D.
- Apr 22, 2021Raised $102.5 million in a private offering of equity Form D: 17 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 5,691,393 | $110.7M | 0.0% | +840,962 |
| Tpg Gp A, LLC | 3,761,154 | $73.2M | 1.5% | −206,268 |
| Red Tree Management, LLC | 2,205,661 | $42.9M | 29.1% | No change |
| BlackRock, Inc. | 1,936,093 | $37.7M | 0.0% | +122,938 |
| Vanguard Capital Management LLC | 1,130,346 | $22.0M | 0.0% | −6,786 |
| KCM Capital Inc | 1,125,000 | $21.9M | 3.6% | −275,000 |
| Federated Hermes, Inc. | 939,600 | $18.3M | 0.0% | +136 |
| Franklin Resources Inc | 918,349 | $17.9M | 0.0% | +108,835 |
| Adage Capital Partners Gp, L.l.c. | 900,000 | $17.5M | 0.0% | +143,249 |
| Bank of New York Mellon Corp | 896,488 | $17.4M | 0.0% | −264,279 |
| TimesSquare Capital Management, LLC | 780,552 | $15.2M | 0.2% | +64,084 |
| Millennium Management LLC | 727,225 | $14.1M | 0.0% | +175,204 |
| Geode Capital Management, LLC | 668,134 | $13.0M | 0.0% | +56,157 |
| Royce & Associates LP | 605,010 | $11.8M | 0.1% | +89,290 |
| State Street Corp | 547,035 | $10.6M | 0.0% | +21,603 |
| Silvercrest Asset Management Group LLC | 468,806 | $9.1M | 0.1% | −20,936 |
| Massachusetts Financial Services Co /ma/ | 389,675 | $7.6M | 0.0% | −118,815 |
| Redmile Group, LLC | 386,786 | $7.5M | 0.5% | No change |
| Jpmorgan Chase & Co | 345,152 | $6.9M | 0.0% | +57,946 |
| Yu Fan | 342,398 | $6.7M | 6.2% | −207,050 |
| Peregrine Capital Management LLC | 331,413 | $6.4M | 0.2% | −16,806 |
| Creek Drive Management Group LLC | 300,881 | $5.9M | 3.6% | −22,119 |
| Morgan Stanley | 285,661 | $5.6M | 0.0% | +54,743 |
| Goldman Sachs Group Inc | 280,309 | $5.5M | 0.0% | −130,722 |
| ABG-WTT Global Life Science Capital Partners GP Ltd | 275,328 | $5.4M | 62.6% | −166,492 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCeribell, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARCeribell, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARCeribell, Inc. 10-K for fiscal 2025
- 6SEC EDGARCeribell, Inc. 10-K for fiscal 2023
- 7SEC EDGARCeribell, Inc. 10-Q for fiscal 2026
- 8SEC EDGARCeribell, Inc. 10-Q for fiscal 2026
- 9
- 10
- 11
- 12
- 13SEC EDGARJoshua Copp, Chief Business Officer
- 14
- 15SEC EDGARSharon O'Keefe, Board member
- 16SEC EDGARThomas A. West, Board member
- 17SEC EDGARErica J. Rogers, Board member
- 18
- 19SEC EDGARJosef Parvizi, Board member
- 20SEC EDGARLucian Iancovici, Board member
- 21SEC EDGARRebecca B. Robertson, Board member
- 22SEC EDGARWilliam W. Burke, Board member
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32