Cerebras Systems
3 storiesCerebras Systems is a company that builds Wafer‑Scale Engine and related specialized compute hardware and software. Recent coverage highlights its FY2025 results—$510.0M revenue, $237.8M net income (46.6% net margin) and -$392.8M free cash flow—notes it accounted for about 6% of $90B in 2026 US VC-backed IPO proceeds, and compares its rising revenue and reported large operating losses with peers like CoreWeave and BigBear.ai.
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Crunchbase reports about $90B in US venture-backed tech IPOs in 2026, but 83% came from SpaceX and 6% from Cerebras Systems; the other 21 listings raised under $10B collectively, with energy, defense and space prominent while enterprise software was largely absent.
The Motley Fool compares Cerebras Systems and CoreWeave, noting Cerebras's Wafer‑Scale Engine hardware focus. It reports Cerebras's FY2025 revenue of $510.0M, net income $237.8M, net margin 46.6%, and free cash flow of -$392.8M.
The comparison shows BigBear.ai's recent quarters have flat revenue, driven by AI predictive modeling and security consulting for government and enterprise, while Cerebras's revenue has been rising from selling specialized compute hardware and software. Both reported large operating losses (BigBear.ai -74%, Cerebras -265%).
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