Cerebras Systems IPO: revenue, profit and offering terms from its S-1
Cerebras Systems priced its IPO at $185 a share on 14 May 2026 and raised $5.5 billion. Its shares trade on Nasdaq as CBRS. Revenue was $510 million in 2025, up 76% from 2024, with a net profit of $238 million.
Headlines
- Revenue, 2025
- $510M
- Up 76% on the year before
- Net income, 2025
- $238M
- IPO price
- $185
- $5.5B raised
Cerebras Systems IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Global Select Market
- Ticker
- CBRS
- IPO price
- $185
- Shares offered
- 30,000,000
- Raised
- $5.5B
- Registered
- $5.5B, the amount the filing fee is paid on
- Underwriters
- Morgan Stanley, Citigroup and Barclays
- First filed
- 17 Apr 2026
Cerebras Systems revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $290M | - | -$482M |
| 2025 | $510M | -$146M | $238M |
Cerebras Systems share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 20 votes, Class N: non-voting
- Employees
- 708
- Headquarters
- Sunnyvale, California
Cerebras Systems shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $185
- Priced 14 May 2026
- First close
- $311.07
- +68% on the IPO price
- Latest close
- $108.37
- -41% on the IPO price
Cerebras Systems' IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Cerebras Systems' newest prospectus (424B4 filed 14 May 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.