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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
Ceribell, Inc. is the larger business by last-quarter revenue ($24.8M vs $17.1M, roughly 1.4× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -54.6%, a 65.1% gap on every dollar of revenue. FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-11.0M).
Ceribell, Inc. develops and commercializes innovative portable neurodiagnostic medical devices, focused on rapid non-invasive electroencephalogram (EEG) solutions for seizure detection. Its core products serve hospital emergency departments, intensive care units, and long-term care facilities, with primary markets across North America and ongoing global expansion efforts.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
CBLL vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $17.1M |
| Net Profit | $-13.5M | $1.8M |
| Gross Margin | 87.3% | 38.2% |
| Operating Margin | -58.9% | 10.0% |
| Net Margin | -54.6% | 10.5% |
| Revenue YoY | — | 8.3% |
| Net Profit YoY | — | -32.1% |
| EPS (diluted) | $-0.35 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $24.8M | $17.1M | ||
| Q3 25 | $22.6M | $13.8M | ||
| Q2 25 | $21.2M | $20.0M | ||
| Q1 25 | $20.5M | $18.9M | ||
| Q4 24 | — | $15.8M | ||
| Q3 24 | $17.2M | $15.1M | ||
| Q2 24 | — | $15.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | $-13.5M | $1.8M | ||
| Q3 25 | $-13.5M | $634.0K | ||
| Q2 25 | $-13.6M | $3.2M | ||
| Q1 25 | $-12.8M | $15.4M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $-10.4M | $2.4M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $130.0K |
| Q4 25 | 87.3% | 38.2% | ||
| Q3 25 | 88.3% | 36.8% | ||
| Q2 25 | 88.1% | 37.5% | ||
| Q1 25 | 87.9% | 43.8% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | 87.3% | 44.4% | ||
| Q2 24 | — | 40.3% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | -58.9% | 10.0% | ||
| Q3 25 | -64.8% | 2.6% | ||
| Q2 25 | -70.5% | 16.4% | ||
| Q1 25 | -69.3% | 18.3% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | -57.8% | 15.7% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | -3.4% |
| Q4 25 | -54.6% | 10.5% | ||
| Q3 25 | -59.6% | 4.6% | ||
| Q2 25 | -64.4% | 16.0% | ||
| Q1 25 | -62.4% | 81.4% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | -60.6% | 16.1% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | $-0.35 | $0.18 | ||
| Q3 25 | $-0.37 | $0.07 | ||
| Q2 25 | $-0.38 | $0.33 | ||
| Q1 25 | $-0.36 | $1.60 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $-1.85 | $0.25 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $159.3M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $155.3M | $58.5M |
| Total Assets | $195.8M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.3M | $3.0M | ||
| Q3 25 | $168.5M | $4.5M | ||
| Q2 25 | $177.4M | $4.7M | ||
| Q1 25 | $182.7M | $5.5M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | $14.1M | $16.2M | ||
| Q2 24 | — | $18.3M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | $155.3M | $58.5M | ||
| Q3 25 | $164.1M | $56.3M | ||
| Q2 25 | $172.2M | $55.6M | ||
| Q1 25 | $180.9M | $51.8M | ||
| Q4 24 | — | $36.2M | ||
| Q3 24 | $-136.0M | $33.2M | ||
| Q2 24 | — | $39.8M | ||
| Q1 24 | — | $36.7M |
| Q4 25 | $195.8M | $92.3M | ||
| Q3 25 | $199.5M | $93.2M | ||
| Q2 25 | $207.7M | $93.7M | ||
| Q1 25 | $213.5M | $86.4M | ||
| Q4 24 | — | $77.8M | ||
| Q3 24 | $47.1M | $84.3M | ||
| Q2 24 | — | $83.3M | ||
| Q1 24 | — | $77.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.8M | $-523.0K |
| Free Cash FlowOCF − Capex | $-11.0M | $-1.1M |
| FCF MarginFCF / Revenue | -44.2% | -6.6% |
| Capex IntensityCapex / Revenue | 0.7% | 3.6% |
| Cash ConversionOCF / Net Profit | — | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.8M | $-523.0K | ||
| Q3 25 | $-11.1M | $1.2M | ||
| Q2 25 | $-7.5M | $-155.0K | ||
| Q1 25 | $-11.4M | $-3.6M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | $-11.0M | $-1.1M | ||
| Q3 25 | $-11.5M | $385.0K | ||
| Q2 25 | $-7.6M | $-786.0K | ||
| Q1 25 | $-11.6M | $-4.0M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | — | $6.7M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | -44.2% | -6.6% | ||
| Q3 25 | -50.8% | 2.8% | ||
| Q2 25 | -35.9% | -3.9% | ||
| Q1 25 | -56.4% | -20.9% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 28.4% |
| Q4 25 | 0.7% | 3.6% | ||
| Q3 25 | 1.6% | 5.6% | ||
| Q2 25 | 0.3% | 3.2% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | -0.60× | ||
| Q2 24 | — | 2.85× | ||
| Q1 24 | — | 32.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
