Cerebras Systems Inc. (CBRS) Key Metrics
CBRS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $30.22B
- Enterprise value
- $42.32B
- P/E (TTM)
- —
- Forward P/E
- 217.4
- PEG ratio
- —
- Price / sales
- 44.4
- Price / book
- 5.3
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
CBRS key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCBRS returns How much profit the business earns on the capital it uses.
CBRS per-share figures Results divided by the shares outstanding at year-end.
CBRS financial health Debt, liquidity and how easily interest is covered.
CBRS efficiency & capital use Working capital cycle and where the cash goes.
CBRS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CBRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CBRS cash returned to shareholders
CBRS key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Per share | ||||
| Revenue per share | $2.37 | $1.35 | $0.37 | $0.11 |
| Earnings per share | $1.10 | −$2.24 | −$0.59 | −$0.83 |
| Operating cash flow per share | −$0.05 | $2.10 | −$0.37 | −$0.76 |
| Free cash flow per share | −$1.82 | $1.99 | −$0.40 | −$0.81 |
| Cash per share | $5.15 | $1.57 | $0.71 | $1.05 |
| Book value per share | −$2.69 | −$4.49 | −$2.60 | −$2.17 |
| Tangible book value per share | −$2.69 | −$4.49 | −$2.60 | −$2.17 |
| Capex per share | $1.78 | $0.11 | $0.03 | $0.05 |
| Debt per share | $1.22 | $0.19 | $0.00 | $0.01 |
| Shares outstanding | 215.2M | 215.2M | 215.2M | 215.2M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | — |
| Returns & profitability | ||||
| Return on assets (ROA) | 13.8% | −72.0% | −50.2% | −63.1% |
| Return on tangible assets | 10.2% | −43.3% | −56.4% | −63.1% |
| Free cash flow margin | −77.0% | 147.6% | −108.7% | −710.3% |
| Income quality (OCF / net income) | −0.04 | — | — | — |
| Financial health | ||||
| Total debt | $261.8M | $40.7M | $560,000 | $1.3M |
| Cash & short-term investments | $1.11B | $337.2M | $152.4M | $225.3M |
| Net debt | −$846.4M | −$296.5M | −$151.8M | −$224.0M |
| Debt / assets | 0.11 | 0.04 | 0.00 | 0.00 |
| Net debt / EBITDA | −3.03 | — | — | — |
| Current ratio | 2.15 | 0.87 | 3.89 | 11.61 |
| Quick ratio | 2.06 | 0.73 | 2.99 | 10.72 |
| Working capital | $824.1M | −$147.7M | $157.7M | $231.4M |
| Invested capital | −$1.43B | −$1.26B | −$710.8M | −$690.4M |
| Tangible asset value | −$578.7M | −$966.8M | −$559.0M | −$466.3M |
| Net current asset value | −$1.36B | −$1.05B | −$572.2M | −$494.7M |
| Graham net-net per share | −$7.94 | −$7.17 | −$2.80 | −$2.36 |
| Capital allocation | ||||
| Share buybacks (net) | $38.1M | $102,000 | $63,000 | $3.9M |
| Dividends + buybacks / free cash flow | — | 0.0% | — | — |
| Capex / revenue | 75.0% | 8.1% | 8.4% | 42.5% |
| Capex / operating cash flow | — | 5.2% | — | — |
| Capex / depreciation | 11.11 | 2.03 | 0.62 | 0.88 |
| Stock-based compensation / revenue | 9.8% | 20.2% | 33.8% | 68.5% |
| R&D / revenue | 47.7% | 54.5% | 177.9% | 631.3% |
| SG&A / revenue | 19.9% | 22.7% | 25.7% | 106.8% |
| Efficiency | ||||
| Days sales outstanding | 80.4 | 99.0 | 27.5 | 75.3 |
| Days of inventory on hand | 139.8 | 243.6 | 239.0 | 328.2 |
| Days payables outstanding | 43.6 | 43.9 | 68.8 | 84.8 |
| Cash conversion cycle (days) | 176.6 | 298.6 | 197.7 | 318.6 |
| Receivables turnover | 4.54 | 3.69 | 13.29 | 4.85 |
| Payables turnover | 8.37 | 8.31 | 5.31 | 4.30 |
| Inventory turnover | 2.61 | 1.50 | 1.53 | 1.11 |
| Asset turnover | 0.30 | 0.43 | 0.31 | 0.09 |
| Average receivables | $112.3M | $78.7M | $5.9M | $5.1M |
| Average payables | $37.1M | $20.2M | $9.9M | $5.0M |
| Average inventory | $119.1M | $111.8M | $34.3M | $19.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from CBRS's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CBRS valuation and financial ratios
It ended the year with $261.8 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $846.4 million. It returned $38.1 million to shareholders: $0 in dividends and $38.1 million in share buybacks.
See the CBRS income statement, the CBRS chart for price history, or the CBRS stock overview for the latest quote and news.
CBRS key metrics FAQ
How much debt does Cerebras Systems have?
Cerebras Systems had total debt of $261.8 million at the end of fiscal 2025 and more cash than debt.
Does Cerebras Systems buy back its shares?
Yes. Cerebras Systems spent $38.1 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 215.2M..
What is Cerebras Systems's current ratio?
Cerebras Systems's current ratio was 2.15 at the end of fiscal 2025: current assets were 2.15 times current liabilities.