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Cerebras Systems 2025 Financial Performance
Revenue vs Net Income comparison for fiscal year 2025
Primary Sources
Cerebras Systems Files for US IPO Amid AI Chip Market Surge, ETEnterpriseai
Reuters Published On Apr 18, 2026 at 01:43 PM IST The listing adds to signs the IPO market is regaining momentum after a brief slowdown in March, when volatility driven by geopolitical tensions and a tech stocks selloff curbed investor appetite.AI chipmaker Cerebras Systems revealed its filing for a initial public offering on Friday, bringing the Nvidia rival closer to the public markets as it seeks to tap into growing optimism around a broad revival in the listings market. This is the company's second attempt to list after it withdrew a previous IPO filing in October, days after a more than $1 billion fundraise that valued it at about $8 billion. Cerebras aims to challenge Nvidia with a different kind of artificial intelligence chip that avoids dependence on high-bandwidth memory, one of the industry's biggest bottlenecks. It is focused on inference, the process by which AI systems respond to user queries, and has tied much of its growth to OpenAI, including a $20 billion multi-year deal under which the ChatGPT creator will deploy 750 megawatts of Cerebras chips. The listing adds to signs the IPO market is regaining momentum after a brief slowdown in March, when volatility driven by geopolitical tensions and a tech stocks selloff curbed investor appetite. A recent pickup in listings suggests companies are returning to the market as sentiment stabilises, with issuers and bankers betting that the recovery seen earlier this year can extend into the coming months. Analysts expect artificial intelligence-linked companies to spearhead tech sector listings on expectations of significant growth from wider generative AI adoption. Delay in initial offering Cerebras' revenue rose to $510 million in the year to December 31, from $290.3 million a year earlier. It posted a profit of $1.38 per share, compared with a $9.90-per-share loss a year ago. The company first filed paperwork with the Securities and Exchange Commission in 2024, before postponing and ultimately withdrawing its IPO last year. Reuters earlier reported that the previous delay followed a national security review of UAE-based tech conglomerate G42's minority investment in the AI chipmaker. G42, which had been both an investor and one of Cerebras' largest customers, drew increased scrutiny from authorities amid concerns that Middle Eastern companies could provide China access to advanced American AI technology, Reuters previously reported. The company announced in 2025 that it had obtained c...
AI chipmaker Cerebras files for IPO after scrapping paperwork in 2025
watch nowCerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol "CBRS."Cerebras reported a $87.9 million in net income on $510 million in revenue during 2025, according to Friday's filing. Revenue grew nearly 76% from 2024, when the company had a $485 million net loss. Cerebras said it had $24.6 billion in remaining performance obligations as of Dec. 31, with an expectation to recognize 15% of the sum in 2026 and 2027.When Cerebras sought to go public the first time around in 2024, it said one company, Microsoft-backed G42, based in the United Arab Emirates, contributed 87% of revenue for the first half of that year. In 2025, 24% of Cerebras' revenue came from G42, Friday's filing showed. But another customer, Mohamed bin Zayed University of Artificial Intelligence, a public institution based in the United Arab Emirates, provided 62% of revenue in 2025.For years, Cerebras sought to sell chips to companies, but it has begun operating the chips inside its own data centers as a cloud service on behalf of clients. The company now counts Amazon, Microsoft, Alphabet, Oracle and CoreWeave among its competitors.In January, Cerebras touted plans to provide up to 750 megawatts of computing power to OpenAI through 2028. The deal is valued at over $20 billion, Cerebras said. The contract calls for Cerebras making available 250 megawatts each year between 2026 and 2028. OpenAI can buy an additional 1.25 gigawatts worth of computing power through Cerebras through 2030, according to the filing.OpenAI's expanded relationship with Cerebras is worth over $20 billion, one person said. The Information previously reported on the arrangement.In December, Cerebras issued OpenAI warrants to purchase up to 33.4 million shares of non-voting Class N stock, and in January, Cerebras received a $1 billion loan from OpenAI, with a 6% annual interest rate, to build data center infrastructure and provide services as part of a broader agreement, according to the filing. Cerebras can repay the loan in cash or by delivering products or services as part of the deal. The warrant only vests in full if OpenAI buys 2 gigawatts worth of computing power from Cerebras.The OpenAI alliance "represents a substantial portion of our projected revenues over the next several years," Cerebras said. At the same time, OpenAI has the right to end part or all of its agreement with Cerebras if the chipmaker fails to provide computing ...
Cerebras Systems Files for $1.1B IPO, Challenging NVIDIA's AI Dominance
Cerebras Systems, a leading AI chip designer headquartered in Sunnyvale, California, filed for an initial public offering on April 15, 2026, seeking to capitalize on surging demand for specialized AI accelerators. The company, which builds wafer-scale engines optimized for large language model inference and training, aims to raise approximately $1.1 billion at a proposed valuation of $8.5 ...
AI chipmaker Cerebras Systems files for an estimated $2 billion IPO
Cerebras Systems, which designs and produces semiconductors and supercomputers, and provides AI services, filed on Friday with the SEC for an initial public offering we estimate could raise up to $2.0 billion.
