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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $24.8M, roughly 1.4× Ceribell, Inc.). ON24 INC. runs the higher net margin — -18.8% vs -54.6%, a 35.8% gap on every dollar of revenue. ON24 INC. produced more free cash flow last quarter ($-2.2M 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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
CBLL vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $34.6M |
| Net Profit | $-13.5M | $-6.5M |
| Gross Margin | 87.3% | 74.9% |
| Operating Margin | -58.9% | -23.5% |
| Net Margin | -54.6% | -18.8% |
| Revenue YoY | — | -5.6% |
| Net Profit YoY | — | 26.8% |
| EPS (diluted) | $-0.35 | $-0.15 |
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 | $34.6M | ||
| Q3 25 | $22.6M | $34.6M | ||
| Q2 25 | $21.2M | $35.3M | ||
| Q1 25 | $20.5M | $34.7M | ||
| Q4 24 | — | $36.7M | ||
| Q3 24 | $17.2M | $36.3M | ||
| Q2 24 | — | $37.3M | ||
| Q1 24 | — | $37.7M |
| Q4 25 | $-13.5M | $-6.5M | ||
| Q3 25 | $-13.5M | $-6.4M | ||
| Q2 25 | $-13.6M | $-7.3M | ||
| Q1 25 | $-12.8M | $-8.7M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $-10.4M | $-11.4M | ||
| Q2 24 | — | $-11.2M | ||
| Q1 24 | — | $-10.7M |
| Q4 25 | 87.3% | 74.9% | ||
| Q3 25 | 88.3% | 74.7% | ||
| Q2 25 | 88.1% | 75.1% | ||
| Q1 25 | 87.9% | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | 87.3% | 74.3% | ||
| Q2 24 | — | 74.5% | ||
| Q1 24 | — | 74.1% |
| Q4 25 | -58.9% | -23.5% | ||
| Q3 25 | -64.8% | -23.1% | ||
| Q2 25 | -70.5% | -26.0% | ||
| Q1 25 | -69.3% | -30.1% | ||
| Q4 24 | — | -32.1% | ||
| Q3 24 | -57.8% | -36.7% | ||
| Q2 24 | — | -35.0% | ||
| Q1 24 | — | -33.1% |
| Q4 25 | -54.6% | -18.8% | ||
| Q3 25 | -59.6% | -18.4% | ||
| Q2 25 | -64.4% | -20.6% | ||
| Q1 25 | -62.4% | -25.1% | ||
| Q4 24 | — | -24.2% | ||
| Q3 24 | -60.6% | -31.4% | ||
| Q2 24 | — | -29.9% | ||
| Q1 24 | — | -28.4% |
| Q4 25 | $-0.35 | $-0.15 | ||
| Q3 25 | $-0.37 | $-0.15 | ||
| Q2 25 | $-0.38 | $-0.17 | ||
| Q1 25 | $-0.36 | $-0.21 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | $-1.85 | $-0.27 | ||
| Q2 24 | — | $-0.27 | ||
| Q1 24 | — | $-0.26 |
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 | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $155.3M | $139.4M |
| Total Assets | $195.8M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.3M | $37.0M | ||
| Q3 25 | $168.5M | $47.2M | ||
| Q2 25 | $177.4M | $37.7M | ||
| Q1 25 | $182.7M | $26.8M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | $14.1M | $11.0M | ||
| Q2 24 | — | $15.5M | ||
| Q1 24 | — | $18.3M |
| Q4 25 | $155.3M | $139.4M | ||
| Q3 25 | $164.1M | $144.3M | ||
| Q2 25 | $172.2M | $150.0M | ||
| Q1 25 | $180.9M | $153.7M | ||
| Q4 24 | — | $159.4M | ||
| Q3 24 | $-136.0M | $164.9M | ||
| Q2 24 | — | $170.8M | ||
| Q1 24 | — | $174.4M |
| Q4 25 | $195.8M | $228.4M | ||
| Q3 25 | $199.5M | $224.8M | ||
| Q2 25 | $207.7M | $235.1M | ||
| Q1 25 | $213.5M | $245.8M | ||
| Q4 24 | — | $251.0M | ||
| Q3 24 | $47.1M | $250.9M | ||
| Q2 24 | — | $259.0M | ||
| Q1 24 | — | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $-11.0M | $-2.2M |
| FCF MarginFCF / Revenue | -44.2% | -6.4% |
| Capex IntensityCapex / Revenue | 0.7% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.8M | $-1.1M | ||
| Q3 25 | $-11.1M | $2.5M | ||
| Q2 25 | $-7.5M | $2.6M | ||
| Q1 25 | $-11.4M | $3.4M | ||
| Q4 24 | — | $985.0K | ||
| Q3 24 | — | $295.0K | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $-11.0M | $-2.2M | ||
| Q3 25 | $-11.5M | $2.2M | ||
| Q2 25 | $-7.6M | $2.1M | ||
| Q1 25 | $-11.6M | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | — | $143.0K | ||
| Q2 24 | — | $898.0K | ||
| Q1 24 | — | $1.1M |
| Q4 25 | -44.2% | -6.4% | ||
| Q3 25 | -50.8% | 6.2% | ||
| Q2 25 | -35.9% | 5.9% | ||
| Q1 25 | -56.4% | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 0.7% | 3.3% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.7% | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.8% |
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% |
ONTF
Segment breakdown not available.
