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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $24.8M, roughly 1.3× Ceribell, Inc.). Ceribell, Inc. runs the higher net margin — -54.6% vs -110.7%, a 56.2% gap on every dollar of revenue. FTC Solar, Inc. produced more free cash flow last quarter ($-8.4M 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.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
CBLL vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $32.9M |
| Net Profit | $-13.5M | $-36.4M |
| Gross Margin | 87.3% | 14.9% |
| Operating Margin | -58.9% | -17.2% |
| Net Margin | -54.6% | -110.7% |
| Revenue YoY | — | 148.9% |
| Net Profit YoY | — | -197.4% |
| EPS (diluted) | $-0.35 | $-2.31 |
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 | $32.9M | ||
| Q3 25 | $22.6M | $26.0M | ||
| Q2 25 | $21.2M | $20.0M | ||
| Q1 25 | $20.5M | $20.8M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $17.2M | $10.1M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $12.6M |
| Q4 25 | $-13.5M | $-36.4M | ||
| Q3 25 | $-13.5M | $-23.9M | ||
| Q2 25 | $-13.6M | $-15.4M | ||
| Q1 25 | $-12.8M | $-3.8M | ||
| Q4 24 | — | $-12.2M | ||
| Q3 24 | $-10.4M | $-15.4M | ||
| Q2 24 | — | $-12.2M | ||
| Q1 24 | — | $-8.8M |
| Q4 25 | 87.3% | 14.9% | ||
| Q3 25 | 88.3% | 6.1% | ||
| Q2 25 | 88.1% | -19.6% | ||
| Q1 25 | 87.9% | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | 87.3% | -42.5% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | -58.9% | -17.2% | ||
| Q3 25 | -64.8% | -29.6% | ||
| Q2 25 | -70.5% | -57.5% | ||
| Q1 25 | -69.3% | -50.8% | ||
| Q4 24 | — | -101.7% | ||
| Q3 24 | -57.8% | -147.8% | ||
| Q2 24 | — | -104.3% | ||
| Q1 24 | — | -99.3% |
| Q4 25 | -54.6% | -110.7% | ||
| Q3 25 | -59.6% | -92.0% | ||
| Q2 25 | -64.4% | -77.2% | ||
| Q1 25 | -62.4% | -18.4% | ||
| Q4 24 | — | -92.7% | ||
| Q3 24 | -60.6% | -151.5% | ||
| Q2 24 | — | -107.1% | ||
| Q1 24 | — | -69.7% |
| Q4 25 | $-0.35 | $-2.31 | ||
| Q3 25 | $-0.37 | $-1.61 | ||
| Q2 25 | $-0.38 | $-1.18 | ||
| Q1 25 | $-0.36 | $-0.58 | ||
| Q4 24 | — | $-0.95 | ||
| Q3 24 | $-1.85 | $-1.21 | ||
| Q2 24 | — | $-0.97 | ||
| Q1 24 | — | $-0.70 |
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 | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $155.3M | $-43.0M |
| Total Assets | $195.8M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.3M | $21.1M | ||
| Q3 25 | $168.5M | $24.4M | ||
| Q2 25 | $177.4M | $3.5M | ||
| Q1 25 | $182.7M | $5.9M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | $14.1M | $8.3M | ||
| Q2 24 | — | $10.8M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $155.3M | $-43.0M | ||
| Q3 25 | $164.1M | $-13.7M | ||
| Q2 25 | $172.2M | $9.0M | ||
| Q1 25 | $180.9M | $15.5M | ||
| Q4 24 | — | $19.0M | ||
| Q3 24 | $-136.0M | $30.4M | ||
| Q2 24 | — | $44.2M | ||
| Q1 24 | — | $55.2M |
| Q4 25 | $195.8M | $111.8M | ||
| Q3 25 | $199.5M | $111.5M | ||
| Q2 25 | $207.7M | $83.0M | ||
| Q1 25 | $213.5M | $84.1M | ||
| Q4 24 | — | $89.9M | ||
| Q3 24 | $47.1M | $91.7M | ||
| Q2 24 | — | $100.3M | ||
| Q1 24 | — | $115.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-8.0M |
| Free Cash FlowOCF − Capex | $-11.0M | $-8.4M |
| FCF MarginFCF / Revenue | -44.2% | -25.7% |
| Capex IntensityCapex / Revenue | 0.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.8M | $-8.0M | ||
| Q3 25 | $-11.1M | $-14.6M | ||
| Q2 25 | $-7.5M | $-2.3M | ||
| Q1 25 | $-11.4M | $-8.5M | ||
| Q4 24 | — | $-16.7M | ||
| Q3 24 | — | $-2.4M | ||
| Q2 24 | — | $-3.8M | ||
| Q1 24 | — | $-11.9M |
| Q4 25 | $-11.0M | $-8.4M | ||
| Q3 25 | $-11.5M | $-15.1M | ||
| Q2 25 | $-7.6M | $-2.5M | ||
| Q1 25 | $-11.6M | $-8.6M | ||
| Q4 24 | — | $-17.0M | ||
| Q3 24 | — | $-2.6M | ||
| Q2 24 | — | $-4.5M | ||
| Q1 24 | — | $-12.3M |
| Q4 25 | -44.2% | -25.7% | ||
| Q3 25 | -50.8% | -57.9% | ||
| Q2 25 | -35.9% | -12.4% | ||
| Q1 25 | -56.4% | -41.2% | ||
| Q4 24 | — | -128.6% | ||
| Q3 24 | — | -25.6% | ||
| Q2 24 | — | -39.2% | ||
| Q1 24 | — | -97.6% |
| Q4 25 | 0.7% | 1.3% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 3.4% |
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% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
