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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Ceribell, Inc. is the larger business by last-quarter revenue ($24.8M vs $15.8M, roughly 1.6× Spire Global, Inc.). Ceribell, Inc. runs the higher net margin — -54.6% vs -176.6%, a 122.1% gap on every dollar of revenue. Ceribell, Inc. produced more free cash flow last quarter ($-11.0M vs $-16.2M).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
CBLL vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $15.8M |
| Net Profit | $-13.5M | $-28.0M |
| Gross Margin | 87.3% | 40.2% |
| Operating Margin | -58.9% | -164.1% |
| Net Margin | -54.6% | -176.6% |
| Revenue YoY | — | -26.9% |
| Net Profit YoY | — | 42.7% |
| EPS (diluted) | $-0.35 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $22.6M | $12.7M | ||
| Q2 25 | $21.2M | $19.2M | ||
| Q1 25 | $20.5M | $23.9M | ||
| Q4 24 | — | $21.7M | ||
| Q3 24 | $17.2M | $28.6M | ||
| Q2 24 | — | $25.4M | ||
| Q1 24 | — | $34.8M |
| Q4 25 | $-13.5M | $-28.0M | ||
| Q3 25 | $-13.5M | $-19.7M | ||
| Q2 25 | $-13.6M | $119.6M | ||
| Q1 25 | $-12.8M | $-20.7M | ||
| Q4 24 | — | $-48.8M | ||
| Q3 24 | $-10.4M | $-12.5M | ||
| Q2 24 | — | $-16.6M | ||
| Q1 24 | — | $-25.5M |
| Q4 25 | 87.3% | 40.2% | ||
| Q3 25 | 88.3% | 36.6% | ||
| Q2 25 | 88.1% | 48.9% | ||
| Q1 25 | 87.9% | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | 87.3% | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | -58.9% | -164.1% | ||
| Q3 25 | -64.8% | -166.1% | ||
| Q2 25 | -70.5% | -122.7% | ||
| Q1 25 | -69.3% | -106.5% | ||
| Q4 24 | — | -144.1% | ||
| Q3 24 | -57.8% | -48.0% | ||
| Q2 24 | — | -48.6% | ||
| Q1 24 | — | -34.4% |
| Q4 25 | -54.6% | -176.6% | ||
| Q3 25 | -59.6% | -155.3% | ||
| Q2 25 | -64.4% | 623.4% | ||
| Q1 25 | -62.4% | -86.5% | ||
| Q4 24 | — | -225.2% | ||
| Q3 24 | -60.6% | -43.7% | ||
| Q2 24 | — | -65.2% | ||
| Q1 24 | — | -73.3% |
| Q4 25 | $-0.35 | $-0.85 | ||
| Q3 25 | $-0.37 | $-0.61 | ||
| Q2 25 | $-0.38 | $3.72 | ||
| Q1 25 | $-0.36 | $-0.77 | ||
| Q4 24 | — | $-1.93 | ||
| Q3 24 | $-1.85 | $-0.50 | ||
| Q2 24 | — | $-0.68 | ||
| Q1 24 | — | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $155.3M | $112.9M |
| Total Assets | $195.8M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.3M | $81.8M | ||
| Q3 25 | $168.5M | $96.8M | ||
| Q2 25 | $177.4M | $117.6M | ||
| Q1 25 | $182.7M | $35.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | $14.1M | $36.6M | ||
| Q2 24 | — | $45.8M | ||
| Q1 24 | — | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $155.3M | $112.9M | ||
| Q3 25 | $164.1M | $133.1M | ||
| Q2 25 | $172.2M | $149.2M | ||
| Q1 25 | $180.9M | $3.7M | ||
| Q4 24 | — | $-11.7M | ||
| Q3 24 | $-136.0M | $30.8M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $52.5M |
| Q4 25 | $195.8M | $211.0M | ||
| Q3 25 | $199.5M | $224.3M | ||
| Q2 25 | $207.7M | $239.5M | ||
| Q1 25 | $213.5M | $208.8M | ||
| Q4 24 | — | $193.6M | ||
| Q3 24 | $47.1M | $224.2M | ||
| Q2 24 | — | $230.8M | ||
| Q1 24 | — | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $-11.0M | $-16.2M |
| FCF MarginFCF / Revenue | -44.2% | -102.1% |
| Capex IntensityCapex / Revenue | 0.7% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.8M | $-4.3M | ||
| Q3 25 | $-11.1M | $-12.0M | ||
| Q2 25 | $-7.5M | $-35.1M | ||
| Q1 25 | $-11.4M | $-8.4M | ||
| Q4 24 | — | $-19.2M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $-4.4M | ||
| Q1 24 | — | $-8.8M |
| Q4 25 | $-11.0M | $-16.2M | ||
| Q3 25 | $-11.5M | $-20.4M | ||
| Q2 25 | $-7.6M | $-38.7M | ||
| Q1 25 | $-11.6M | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | -44.2% | -102.1% | ||
| Q3 25 | -50.8% | -161.3% | ||
| Q2 25 | -35.9% | -201.7% | ||
| Q1 25 | -56.4% | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | 0.7% | 75.1% | ||
| Q3 25 | 1.6% | 66.2% | ||
| Q2 25 | 0.3% | 18.8% | ||
| Q1 25 | 0.7% | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
SPIR
Segment breakdown not available.
