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

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $24.8M, roughly 1.0× Ceribell, Inc.). TRX GOLD Corp runs the higher net margin — -2.0% vs -54.6%, a 52.6% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

CBLL vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.0× larger
TRX
$25.1M
$24.8M
CBLL
Higher net margin
TRX
TRX
52.6% more per $
TRX
-2.0%
-54.6%
CBLL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CBLL
CBLL
TRX
TRX
Revenue
$24.8M
$25.1M
Net Profit
$-13.5M
$-496.0K
Gross Margin
87.3%
56.6%
Operating Margin
-58.9%
Net Margin
-54.6%
-2.0%
Revenue YoY
100.5%
Net Profit YoY
-123.2%
EPS (diluted)
$-0.35
$-0.01

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
TRX
TRX
Q4 25
$24.8M
$25.1M
Q3 25
$22.6M
Q2 25
$21.2M
$12.5M
Q1 25
$20.5M
$9.1M
Q4 24
$12.5M
Q3 24
$17.2M
Q2 24
$10.1M
Q1 24
$8.0M
Net Profit
CBLL
CBLL
TRX
TRX
Q4 25
$-13.5M
$-496.0K
Q3 25
$-13.5M
Q2 25
$-13.6M
$1.1M
Q1 25
$-12.8M
$-1.9M
Q4 24
$2.1M
Q3 24
$-10.4M
Q2 24
$-1.7M
Q1 24
$1.9M
Gross Margin
CBLL
CBLL
TRX
TRX
Q4 25
87.3%
56.6%
Q3 25
88.3%
Q2 25
88.1%
35.1%
Q1 25
87.9%
23.5%
Q4 24
38.6%
Q3 24
87.3%
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
CBLL
CBLL
TRX
TRX
Q4 25
-58.9%
Q3 25
-64.8%
Q2 25
-70.5%
Q1 25
-69.3%
Q4 24
Q3 24
-57.8%
Q2 24
Q1 24
Net Margin
CBLL
CBLL
TRX
TRX
Q4 25
-54.6%
-2.0%
Q3 25
-59.6%
Q2 25
-64.4%
8.9%
Q1 25
-62.4%
-21.3%
Q4 24
17.1%
Q3 24
-60.6%
Q2 24
-16.3%
Q1 24
24.1%
EPS (diluted)
CBLL
CBLL
TRX
TRX
Q4 25
$-0.35
$-0.01
Q3 25
$-0.37
Q2 25
$-0.38
$0.00
Q1 25
$-0.36
$-0.01
Q4 24
$0.00
Q3 24
$-1.85
Q2 24
$-0.01
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
CBLL
CBLL
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$159.3M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$155.3M
$74.5M
Total Assets
$195.8M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBLL
CBLL
TRX
TRX
Q4 25
$159.3M
$9.2M
Q3 25
$168.5M
Q2 25
$177.4M
$3.6M
Q1 25
$182.7M
$6.0M
Q4 24
$6.8M
Q3 24
$14.1M
Q2 24
$7.7M
Q1 24
$8.0M
Stockholders' Equity
CBLL
CBLL
TRX
TRX
Q4 25
$155.3M
$74.5M
Q3 25
$164.1M
Q2 25
$172.2M
$69.0M
Q1 25
$180.9M
$67.5M
Q4 24
$68.4M
Q3 24
$-136.0M
Q2 24
$62.5M
Q1 24
$63.9M
Total Assets
CBLL
CBLL
TRX
TRX
Q4 25
$195.8M
$129.6M
Q3 25
$199.5M
Q2 25
$207.7M
$112.3M
Q1 25
$213.5M
$106.7M
Q4 24
$102.6M
Q3 24
$47.1M
Q2 24
$92.6M
Q1 24
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$-10.8M
$4.0M
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
TRX
TRX
Q4 25
$-10.8M
$4.0M
Q3 25
$-11.1M
Q2 25
$-7.5M
$3.4M
Q1 25
$-11.4M
$2.0M
Q4 24
$2.4M
Q3 24
Q2 24
$3.1M
Q1 24
$1.0M
Free Cash Flow
CBLL
CBLL
TRX
TRX
Q4 25
$-11.0M
Q3 25
$-11.5M
Q2 25
$-7.6M
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CBLL
CBLL
TRX
TRX
Q4 25
-44.2%
Q3 25
-50.8%
Q2 25
-35.9%
Q1 25
-56.4%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CBLL
CBLL
TRX
TRX
Q4 25
0.7%
Q3 25
1.6%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CBLL
CBLL
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

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%

TRX
TRX

Segment breakdown not available.

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