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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
Orion Properties Inc. is the larger business by last-quarter revenue ($36.3M vs $24.8M, roughly 1.5× Ceribell, Inc.). Orion Properties Inc. runs the higher net margin — -37.4% vs -54.6%, a 17.2% gap on every dollar of revenue.
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 ONL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $36.3M |
| Net Profit | $-13.5M | $-13.6M |
| Gross Margin | 87.3% | — |
| Operating Margin | -58.9% | -9.3% |
| Net Margin | -54.6% | -37.4% |
| Revenue YoY | — | -4.6% |
| Net Profit YoY | — | -45.0% |
| EPS (diluted) | $-0.35 | $-0.24 |
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.
| Q1 26 | — | $36.3M | ||
| Q4 25 | $24.8M | $35.2M | ||
| Q3 25 | $22.6M | $37.1M | ||
| Q2 25 | $21.2M | $37.3M | ||
| Q1 25 | $20.5M | $38.0M | ||
| Q4 24 | — | $38.4M | ||
| Q3 24 | $17.2M | $39.2M | ||
| Q2 24 | — | $40.1M |
| Q1 26 | — | $-13.6M | ||
| Q4 25 | $-13.5M | $-35.8M | ||
| Q3 25 | $-13.5M | $-69.0M | ||
| Q2 25 | $-13.6M | $-25.1M | ||
| Q1 25 | $-12.8M | $-9.4M | ||
| Q4 24 | — | $-32.8M | ||
| Q3 24 | $-10.4M | $-10.2M | ||
| Q2 24 | — | $-33.8M |
| Q1 26 | — | — | ||
| 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 26 | — | -9.3% | ||
| Q4 25 | -58.9% | -101.5% | ||
| Q3 25 | -64.8% | -185.8% | ||
| Q2 25 | -70.5% | -67.1% | ||
| Q1 25 | -69.3% | -24.4% | ||
| Q4 24 | — | -85.4% | ||
| Q3 24 | -57.8% | -25.9% | ||
| Q2 24 | — | -84.1% |
| Q1 26 | — | -37.4% | ||
| Q4 25 | -54.6% | -101.7% | ||
| Q3 25 | -59.6% | -186.0% | ||
| Q2 25 | -64.4% | -67.3% | ||
| Q1 25 | -62.4% | -24.6% | ||
| Q4 24 | — | -85.4% | ||
| Q3 24 | -60.6% | -26.1% | ||
| Q2 24 | — | -84.2% |
| Q1 26 | — | $-0.24 | ||
| Q4 25 | $-0.35 | $-0.63 | ||
| Q3 25 | $-0.37 | $-1.23 | ||
| Q2 25 | $-0.38 | $-0.45 | ||
| Q1 25 | $-0.36 | $-0.17 | ||
| Q4 24 | — | $-0.59 | ||
| Q3 24 | $-1.85 | $-0.18 | ||
| Q2 24 | — | $-0.60 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $155.3M | $608.5M |
| Total Assets | $195.8M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $10.3M | ||
| Q4 25 | $159.3M | $22.4M | ||
| Q3 25 | $168.5M | $32.6M | ||
| Q2 25 | $177.4M | $17.4M | ||
| Q1 25 | $182.7M | $9.4M | ||
| Q4 24 | — | $15.6M | ||
| Q3 24 | $14.1M | $16.6M | ||
| Q2 24 | — | $24.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $465.0M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $483.0M | ||
| Q1 25 | — | $505.0M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $462.0M |
| Q1 26 | — | $608.5M | ||
| Q4 25 | $155.3M | $623.2M | ||
| Q3 25 | $164.1M | $658.8M | ||
| Q2 25 | $172.2M | $728.0M | ||
| Q1 25 | $180.9M | $753.5M | ||
| Q4 24 | — | $763.9M | ||
| Q3 24 | $-136.0M | $800.9M | ||
| Q2 24 | — | $816.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $195.8M | $1.2B | ||
| Q3 25 | $199.5M | $1.2B | ||
| Q2 25 | $207.7M | $1.3B | ||
| Q1 25 | $213.5M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $47.1M | $1.4B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.57× |
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 | — |
| Free Cash FlowOCF − Capex | $-11.0M | — |
| FCF MarginFCF / Revenue | -44.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | 51.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-10.8M | $23.6M | ||
| Q3 25 | $-11.1M | $5.7M | ||
| Q2 25 | $-7.5M | $11.6M | ||
| Q1 25 | $-11.4M | $-2.2M | ||
| Q4 24 | — | $54.3M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | — | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $-11.5M | — | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-11.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -44.2% | — | ||
| Q3 25 | -50.8% | — | ||
| Q2 25 | -35.9% | — | ||
| Q1 25 | -56.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 51.4% | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
