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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and Marti Technologies, Inc. (MRT). Click either name above to swap in a different company.

Ceribell, Inc. is the larger business by last-quarter revenue ($24.8M vs $14.6M, roughly 1.7× Marti Technologies, Inc.).

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.

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

CBLL vs MRT — Head-to-Head

Bigger by revenue
CBLL
CBLL
1.7× larger
CBLL
$24.8M
$14.6M
MRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CBLL
CBLL
MRT
MRT
Revenue
$24.8M
$14.6M
Net Profit
$-13.5M
Gross Margin
87.3%
49.4%
Operating Margin
-58.9%
-86.1%
Net Margin
-54.6%
Revenue YoY
63.1%
Net Profit YoY
EPS (diluted)
$-0.35
$-0.26

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
MRT
MRT
Q4 25
$24.8M
Q3 25
$22.6M
Q2 25
$21.2M
$14.6M
Q1 25
$20.5M
Q3 24
$17.2M
Q2 24
$8.9M
Net Profit
CBLL
CBLL
MRT
MRT
Q4 25
$-13.5M
Q3 25
$-13.5M
Q2 25
$-13.6M
Q1 25
$-12.8M
Q3 24
$-10.4M
Q2 24
Gross Margin
CBLL
CBLL
MRT
MRT
Q4 25
87.3%
Q3 25
88.3%
Q2 25
88.1%
49.4%
Q1 25
87.9%
Q3 24
87.3%
Q2 24
Operating Margin
CBLL
CBLL
MRT
MRT
Q4 25
-58.9%
Q3 25
-64.8%
Q2 25
-70.5%
-86.1%
Q1 25
-69.3%
Q3 24
-57.8%
Q2 24
-204.1%
Net Margin
CBLL
CBLL
MRT
MRT
Q4 25
-54.6%
Q3 25
-59.6%
Q2 25
-64.4%
Q1 25
-62.4%
Q3 24
-60.6%
Q2 24
EPS (diluted)
CBLL
CBLL
MRT
MRT
Q4 25
$-0.35
Q3 25
$-0.37
Q2 25
$-0.38
$-0.26
Q1 25
$-0.36
Q3 24
$-1.85
Q2 24
$-0.38

Balance Sheet & Financial Strength

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

Metric
CBLL
CBLL
MRT
MRT
Cash + ST InvestmentsLiquidity on hand
$159.3M
$4.2M
Total DebtLower is stronger
$83.0M
Stockholders' EquityBook value
$155.3M
$-73.2M
Total Assets
$195.8M
$17.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBLL
CBLL
MRT
MRT
Q4 25
$159.3M
Q3 25
$168.5M
Q2 25
$177.4M
$4.2M
Q1 25
$182.7M
Q3 24
$14.1M
Q2 24
$9.0M
Total Debt
CBLL
CBLL
MRT
MRT
Q4 25
Q3 25
Q2 25
$83.0M
Q1 25
Q3 24
Q2 24
$60.2M
Stockholders' Equity
CBLL
CBLL
MRT
MRT
Q4 25
$155.3M
Q3 25
$164.1M
Q2 25
$172.2M
$-73.2M
Q1 25
$180.9M
Q3 24
$-136.0M
Q2 24
$-51.2M
Total Assets
CBLL
CBLL
MRT
MRT
Q4 25
$195.8M
Q3 25
$199.5M
Q2 25
$207.7M
$17.2M
Q1 25
$213.5M
Q3 24
$47.1M
Q2 24
$25.0M

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
MRT
MRT
Operating Cash FlowLast quarter
$-10.8M
Free Cash FlowOCF − Capex
$-11.0M
FCF MarginFCF / Revenue
-44.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBLL
CBLL
MRT
MRT
Q4 25
$-10.8M
Q3 25
$-11.1M
Q2 25
$-7.5M
Q1 25
$-11.4M
Q3 24
Q2 24
Free Cash Flow
CBLL
CBLL
MRT
MRT
Q4 25
$-11.0M
Q3 25
$-11.5M
Q2 25
$-7.6M
Q1 25
$-11.6M
Q3 24
Q2 24
FCF Margin
CBLL
CBLL
MRT
MRT
Q4 25
-44.2%
Q3 25
-50.8%
Q2 25
-35.9%
Q1 25
-56.4%
Q3 24
Q2 24
Capex Intensity
CBLL
CBLL
MRT
MRT
Q4 25
0.7%
Q3 25
1.6%
Q2 25
0.3%
Q1 25
0.7%
Q3 24
Q2 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%

MRT
MRT

Segment breakdown not available.

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