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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and INNEOVA Holdings Ltd (INEO). Click either name above to swap in a different company.

INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $24.8M, roughly 1.2× Ceribell, Inc.). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -54.6%, a 55.4% gap on every dollar of revenue. INNEOVA Holdings Ltd produced more free cash flow last quarter ($-1.5M 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.

CBLL vs INEO — Head-to-Head

Bigger by revenue
INEO
INEO
1.2× larger
INEO
$30.8M
$24.8M
CBLL
Higher net margin
INEO
INEO
55.4% more per $
INEO
0.8%
-54.6%
CBLL
More free cash flow
INEO
INEO
$9.5M more FCF
INEO
$-1.5M
$-11.0M
CBLL

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CBLL
CBLL
INEO
INEO
Revenue
$24.8M
$30.8M
Net Profit
$-13.5M
$243.0K
Gross Margin
87.3%
19.3%
Operating Margin
-58.9%
3.6%
Net Margin
-54.6%
0.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.35
$0.02

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
INEO
INEO
Q4 25
$24.8M
Q3 25
$22.6M
Q2 25
$21.2M
$30.8M
Q1 25
$20.5M
Q3 24
$17.2M
Net Profit
CBLL
CBLL
INEO
INEO
Q4 25
$-13.5M
Q3 25
$-13.5M
Q2 25
$-13.6M
$243.0K
Q1 25
$-12.8M
Q3 24
$-10.4M
Gross Margin
CBLL
CBLL
INEO
INEO
Q4 25
87.3%
Q3 25
88.3%
Q2 25
88.1%
19.3%
Q1 25
87.9%
Q3 24
87.3%
Operating Margin
CBLL
CBLL
INEO
INEO
Q4 25
-58.9%
Q3 25
-64.8%
Q2 25
-70.5%
3.6%
Q1 25
-69.3%
Q3 24
-57.8%
Net Margin
CBLL
CBLL
INEO
INEO
Q4 25
-54.6%
Q3 25
-59.6%
Q2 25
-64.4%
0.8%
Q1 25
-62.4%
Q3 24
-60.6%
EPS (diluted)
CBLL
CBLL
INEO
INEO
Q4 25
$-0.35
Q3 25
$-0.37
Q2 25
$-0.38
$0.02
Q1 25
$-0.36
Q3 24
$-1.85

Balance Sheet & Financial Strength

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

Metric
CBLL
CBLL
INEO
INEO
Cash + ST InvestmentsLiquidity on hand
$159.3M
$2.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$155.3M
$11.2M
Total Assets
$195.8M
$52.6M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBLL
CBLL
INEO
INEO
Q4 25
$159.3M
Q3 25
$168.5M
Q2 25
$177.4M
$2.1M
Q1 25
$182.7M
Q3 24
$14.1M
Total Debt
CBLL
CBLL
INEO
INEO
Q4 25
Q3 25
Q2 25
$2.9M
Q1 25
Q3 24
Stockholders' Equity
CBLL
CBLL
INEO
INEO
Q4 25
$155.3M
Q3 25
$164.1M
Q2 25
$172.2M
$11.2M
Q1 25
$180.9M
Q3 24
$-136.0M
Total Assets
CBLL
CBLL
INEO
INEO
Q4 25
$195.8M
Q3 25
$199.5M
Q2 25
$207.7M
$52.6M
Q1 25
$213.5M
Q3 24
$47.1M
Debt / Equity
CBLL
CBLL
INEO
INEO
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q3 24

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
INEO
INEO
Operating Cash FlowLast quarter
$-10.8M
$-301.0K
Free Cash FlowOCF − Capex
$-11.0M
$-1.5M
FCF MarginFCF / Revenue
-44.2%
-4.8%
Capex IntensityCapex / Revenue
0.7%
3.8%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters
$-41.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBLL
CBLL
INEO
INEO
Q4 25
$-10.8M
Q3 25
$-11.1M
Q2 25
$-7.5M
$-301.0K
Q1 25
$-11.4M
Q3 24
Free Cash Flow
CBLL
CBLL
INEO
INEO
Q4 25
$-11.0M
Q3 25
$-11.5M
Q2 25
$-7.6M
$-1.5M
Q1 25
$-11.6M
Q3 24
FCF Margin
CBLL
CBLL
INEO
INEO
Q4 25
-44.2%
Q3 25
-50.8%
Q2 25
-35.9%
-4.8%
Q1 25
-56.4%
Q3 24
Capex Intensity
CBLL
CBLL
INEO
INEO
Q4 25
0.7%
Q3 25
1.6%
Q2 25
0.3%
3.8%
Q1 25
0.7%
Q3 24
Cash Conversion
CBLL
CBLL
INEO
INEO
Q4 25
Q3 25
Q2 25
-1.24×
Q1 25
Q3 24

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%

INEO
INEO

Segment breakdown not available.

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