Cerebras
No 10-K in SEC EDGAR yet: so far this company has filed only 10-Qs as periodic reports, so the text sections (description, thesis, risks) stay empty. Numbers below come from its SEC filings.
10-K, not in profile data
Source and method
Business
How does Cerebras make money?
No revenue split that adds up to total revenue.
Empty state, nothing estimated.
Where do customers sit?
No revenue-by-region breakdown in the latest annual report's XBRL data.
Thesis
Why do people invest?
No 10-K: this company files a different annual form, so 10-K text sections are not available.
KPIs
How fast is revenue growing?
Revenue grew 74% YoY to $180M.
Source & method
- Counted
- Total revenue, as filed in 10-K / 20-F / 10-Q XBRL.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How profitable is it?
−265.0% operating margin, down from −55.3%.
14.2% gross margin, down from 31.1%.
Operating income: −$477M in FY2026 Q2.
Net income: −$451M in FY2026 Q2.
R&D grew 427% YoY to $320M.
SG&A grew 541% YoY to $183M.
EPS diluted: −$2.98 in FY2026 Q2.
Source & method
- Counted
- Income statement items, as filed.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How much cash does it make, and where does it go?
Free cash flow: −$477M in FY2026 Q2.
Operating cash flow: −$59.8M in FY2026 Q2.
Capex grew 380% YoY to $417M.
Stock-based compensation grew 2739% YoY.
Source & method
- Counted
- Cash flow statement items, as filed; free cash flow = operating cash flow − capex (calculated).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How strong is the balance sheet?
Equity: −$579M in FY2025.
Cash and equivalents: $6.7B in FY2026 Q2.
Total debt: $918M in FY2026 Q2.
Total assets: $11.6B in FY2026 Q2.
Equity: $9.2B in FY2026 Q2.
Source & method
- Counted
- Balance sheet items at fiscal year end, as filed; total debt is derived from reported components (excl. operating leases).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Dependencies
How much revenue hangs on one customer?
One customer: 49% of revenue.
Source & method
- Counted
- Largest customers as disclosed in the annual report (share of revenue).
- Formulas
- One customer in dollars = disclosed share × total revenue of the same fiscal year (calculated), only where the filing text confirms the share is of total revenue.
- Guards
- Anonymous customers stay anonymous. Segment-based shares are never multiplied by total revenue.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Customers, suppliers, stakes and mentions ›
Only what filings state. Anonymous customers stay anonymous.
Largest customers (Cerebras annual report)
10-Q · 0001628280-26-056357 · filed Aug 12, 2026
Suppliers named by Cerebras
Cerebras holds stakes in
No stake in a covered company found in SEC filings.
Others name Cerebras
1 other mention (e.g. AMD) in covered companies’ filings. Mentions, not confirmed relationships.
Risks
What could go wrong?
No 10-K: this company files a different annual form, so 10-K text sections are not available.
Who’s invested
Who owns more than 5%?
Fmr LLC holds 25.7%.
Fmr LLC25.7%
13G/A · as of Jun 30, 2026 · filed Jul 8, 2026
Foundation Capital Management Co. VIII, L.L.C.12.2%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Atreides Management, LP10.7%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Feldman Andrew D.9.2%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Tiger Global Management LLC8.69%
13G · as of May 15, 2026 · filed May 22, 2026
Benchmark Capital Partners VIII, L.P.7.7%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Coatue Management LLC7.1%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Altimeter Capital Management, LP6.2%
13G · as of Jun 30, 2026 · filed Aug 14, 2026
Jane Street Group, LLC5.1%
13G · as of Jun 30, 2026 · filed Aug 13, 2026
Source and method
Holders above 5% from Schedule 13G/13D, SEC filings only.
2 filings reporting a stake below 5% (e.g. after selling) not listed.
13F holders and insider trades ›
Largest institutional holders, 13F, quarter ending Jun 30, 2026
Eclipse Operations, LLC12.9%
11.4M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Fmr LLC9.5%
8.4M shares · 13F filed Aug 13, 2026 · share of 13F-reported
Altimeter Capital Management, LP8.1%
7.2M shares · 13F filed Aug 14, 2026 · share of 13F-reported
Coatue Management LLC7.9%
7.0M shares · 13F filed Aug 14, 2026 · share of 13F-reported
Capital World Investors4.4%
3.9M shares · 13F filed Aug 12, 2026 · share of 13F-reported
414 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding. 1 large filing with inconsistent reported value per share left out.
Insiders, last 12 months (Form 4, open market)
0 purchases · 333 sales · $408M sold
Grants, gifts and tax withholding counted separately · window Oct 15, 2025 – Oct 15, 2026
All metrics
All metrics · 11 SEC metrics, FY2016–FY2025
Balance sheet 10
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Current liabilities | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Current portion of long-term debt | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Equity | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
| Equity incl. NCI | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
| Long-term debt | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Short-term debt (balance sheet line) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Total assets | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Total debt calc. | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Total liabilities & equity | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
Other 1
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total liabilities | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
Method
. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values