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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and FIRST NATIONAL CORP (FXNC). Click either name above to swap in a different company.

Ceribell, Inc. is the larger business by last-quarter revenue ($24.8M vs $24.0M, roughly 1.0× FIRST NATIONAL CORP). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs -54.6%, a 77.5% gap on every dollar of revenue. FIRST NATIONAL CORP produced more free cash flow last quarter ($20.9M 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.

VA Tech Wabag Ltd. is an Indian multinational company focussed on desalination and water treatment for municipal and industrial users. Founded in Breslau in 1924, the company is headquartered in Chennai.

CBLL vs FXNC — Head-to-Head

Bigger by revenue
CBLL
CBLL
1.0× larger
CBLL
$24.8M
$24.0M
FXNC
Higher net margin
FXNC
FXNC
77.5% more per $
FXNC
23.0%
-54.6%
CBLL
More free cash flow
FXNC
FXNC
$31.9M more FCF
FXNC
$20.9M
$-11.0M
CBLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBLL
CBLL
FXNC
FXNC
Revenue
$24.8M
$24.0M
Net Profit
$-13.5M
$5.5M
Gross Margin
87.3%
Operating Margin
-58.9%
28.8%
Net Margin
-54.6%
23.0%
Revenue YoY
-3.4%
Net Profit YoY
689.9%
EPS (diluted)
$-0.35
$0.60

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.

Revenue
CBLL
CBLL
FXNC
FXNC
Q4 25
$24.8M
$24.0M
Q3 25
$22.6M
$22.8M
Q2 25
$21.2M
$22.4M
Q1 25
$20.5M
$21.1M
Q4 24
$24.8M
Q3 24
$17.2M
$15.0M
Q2 24
$14.2M
Q1 24
$14.9M
Net Profit
CBLL
CBLL
FXNC
FXNC
Q4 25
$-13.5M
$5.5M
Q3 25
$-13.5M
$5.5M
Q2 25
$-13.6M
$5.1M
Q1 25
$-12.8M
$1.6M
Q4 24
$-933.0K
Q3 24
$-10.4M
$2.2M
Q2 24
$2.4M
Q1 24
$3.2M
Gross Margin
CBLL
CBLL
FXNC
FXNC
Q4 25
87.3%
Q3 25
88.3%
Q2 25
88.1%
Q1 25
87.9%
Q4 24
Q3 24
87.3%
Q2 24
Q1 24
Operating Margin
CBLL
CBLL
FXNC
FXNC
Q4 25
-58.9%
28.8%
Q3 25
-64.8%
29.9%
Q2 25
-70.5%
28.2%
Q1 25
-69.3%
9.0%
Q4 24
-29.0%
Q3 24
-57.8%
18.7%
Q2 24
22.0%
Q1 24
26.9%
Net Margin
CBLL
CBLL
FXNC
FXNC
Q4 25
-54.6%
23.0%
Q3 25
-59.6%
24.3%
Q2 25
-64.4%
22.5%
Q1 25
-62.4%
7.6%
Q4 24
-14.4%
Q3 24
-60.6%
15.0%
Q2 24
17.2%
Q1 24
21.5%
EPS (diluted)
CBLL
CBLL
FXNC
FXNC
Q4 25
$-0.35
$0.60
Q3 25
$-0.37
$0.62
Q2 25
$-0.38
$0.56
Q1 25
$-0.36
$0.18
Q4 24
$-0.26
Q3 24
$-1.85
$0.36
Q2 24
$0.39
Q1 24
$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBLL
CBLL
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$159.3M
$160.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$155.3M
$186.2M
Total Assets
$195.8M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBLL
CBLL
FXNC
FXNC
Q4 25
$159.3M
$160.9M
Q3 25
$168.5M
$189.3M
Q2 25
$177.4M
$194.3M
Q1 25
$182.7M
$206.0M
Q4 24
$162.9M
Q3 24
$14.1M
$126.5M
Q2 24
$135.6M
Q1 24
Stockholders' Equity
CBLL
CBLL
FXNC
FXNC
Q4 25
$155.3M
$186.2M
Q3 25
$164.1M
$181.2M
Q2 25
$172.2M
$173.5M
Q1 25
$180.9M
$168.7M
Q4 24
$166.5M
Q3 24
$-136.0M
$125.1M
Q2 24
$119.9M
Q1 24
$117.8M
Total Assets
CBLL
CBLL
FXNC
FXNC
Q4 25
$195.8M
$2.0B
Q3 25
$199.5M
$2.0B
Q2 25
$207.7M
$2.0B
Q1 25
$213.5M
$2.0B
Q4 24
$2.0B
Q3 24
$47.1M
$1.5B
Q2 24
$1.5B
Q1 24
$1.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBLL
CBLL
FXNC
FXNC
Operating Cash FlowLast quarter
$-10.8M
$25.1M
Free Cash FlowOCF − Capex
$-11.0M
$20.9M
FCF MarginFCF / Revenue
-44.2%
87.3%
Capex IntensityCapex / Revenue
0.7%
17.4%
Cash ConversionOCF / Net Profit
4.56×
TTM Free Cash FlowTrailing 4 quarters
$-41.6M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBLL
CBLL
FXNC
FXNC
Q4 25
$-10.8M
$25.1M
Q3 25
$-11.1M
$8.4M
Q2 25
$-7.5M
$4.7M
Q1 25
$-11.4M
$3.5M
Q4 24
$-22.2M
Q3 24
$6.1M
Q2 24
$3.6M
Q1 24
$4.7M
Free Cash Flow
CBLL
CBLL
FXNC
FXNC
Q4 25
$-11.0M
$20.9M
Q3 25
$-11.5M
$6.8M
Q2 25
$-7.6M
$4.1M
Q1 25
$-11.6M
$3.0M
Q4 24
$-25.5M
Q3 24
$4.9M
Q2 24
$3.0M
Q1 24
$4.4M
FCF Margin
CBLL
CBLL
FXNC
FXNC
Q4 25
-44.2%
87.3%
Q3 25
-50.8%
30.0%
Q2 25
-35.9%
18.3%
Q1 25
-56.4%
14.5%
Q4 24
-102.8%
Q3 24
33.0%
Q2 24
21.0%
Q1 24
29.5%
Capex Intensity
CBLL
CBLL
FXNC
FXNC
Q4 25
0.7%
17.4%
Q3 25
1.6%
7.0%
Q2 25
0.3%
2.6%
Q1 25
0.7%
2.3%
Q4 24
13.3%
Q3 24
8.1%
Q2 24
4.6%
Q1 24
2.0%
Cash Conversion
CBLL
CBLL
FXNC
FXNC
Q4 25
4.56×
Q3 25
1.52×
Q2 25
0.93×
Q1 25
2.21×
Q4 24
Q3 24
2.73×
Q2 24
1.49×
Q1 24
1.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBLL
CBLL

Products$18.8M76%
Subscription$6.0M24%

FXNC
FXNC

Segment breakdown not available.

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