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Side-by-side financial comparison of Ceribell, Inc. (CBLL) and Zevia PBC (ZVIA). Click either name above to swap in a different company.
Zevia PBC is the larger business by last-quarter revenue ($37.9M vs $24.8M, roughly 1.5× Ceribell, Inc.). Zevia PBC runs the higher net margin — -3.4% vs -54.6%, a 51.2% 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.
Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.
CBLL vs ZVIA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.8M | $37.9M |
| Net Profit | $-13.5M | $-1.3M |
| Gross Margin | 87.3% | 47.7% |
| Operating Margin | -58.9% | -4.0% |
| Net Margin | -54.6% | -3.4% |
| Revenue YoY | — | -4.0% |
| Net Profit YoY | — | 80.9% |
| EPS (diluted) | $-0.35 | $-0.02 |
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 | $37.9M | ||
| Q3 25 | $22.6M | $40.8M | ||
| Q2 25 | $21.2M | $44.5M | ||
| Q1 25 | $20.5M | $38.0M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $17.2M | $36.4M | ||
| Q2 24 | — | $40.4M | ||
| Q1 24 | — | $38.8M |
| Q4 25 | $-13.5M | $-1.3M | ||
| Q3 25 | $-13.5M | $-2.7M | ||
| Q2 25 | $-13.6M | $-651.0K | ||
| Q1 25 | $-12.8M | $-6.4M | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-10.4M | $-2.5M | ||
| Q2 24 | — | $-7.0M | ||
| Q1 24 | — | $-7.2M |
| Q4 25 | 87.3% | 47.7% | ||
| Q3 25 | 88.3% | 45.6% | ||
| Q2 25 | 88.1% | 48.7% | ||
| Q1 25 | 87.9% | 50.1% | ||
| Q4 24 | — | 49.2% | ||
| Q3 24 | 87.3% | 49.1% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 45.7% |
| Q4 25 | -58.9% | -4.0% | ||
| Q3 25 | -64.8% | -7.0% | ||
| Q2 25 | -70.5% | -2.3% | ||
| Q1 25 | -69.3% | -16.8% | ||
| Q4 24 | — | -16.1% | ||
| Q3 24 | -57.8% | -8.2% | ||
| Q2 24 | — | -17.5% | ||
| Q1 24 | — | -18.8% |
| Q4 25 | -54.6% | -3.4% | ||
| Q3 25 | -59.6% | -6.6% | ||
| Q2 25 | -64.4% | -1.5% | ||
| Q1 25 | -62.4% | -16.8% | ||
| Q4 24 | — | -17.2% | ||
| Q3 24 | -60.6% | -6.9% | ||
| Q2 24 | — | -17.2% | ||
| Q1 24 | — | -18.6% |
| Q4 25 | $-0.35 | $-0.02 | ||
| Q3 25 | $-0.37 | $-0.04 | ||
| Q2 25 | $-0.38 | $-0.01 | ||
| Q1 25 | $-0.36 | $-0.08 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | $-1.85 | $-0.04 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.10 |
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 | $25.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $155.3M | $51.0M |
| Total Assets | $195.8M | $63.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.3M | $25.4M | ||
| Q3 25 | $168.5M | $26.0M | ||
| Q2 25 | $177.4M | — | ||
| Q1 25 | $182.7M | — | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | $14.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $155.3M | $51.0M | ||
| Q3 25 | $164.1M | $51.3M | ||
| Q2 25 | $172.2M | $53.0M | ||
| Q1 25 | $180.9M | $53.7M | ||
| Q4 24 | — | $64.9M | ||
| Q3 24 | $-136.0M | $72.5M | ||
| Q2 24 | — | $75.0M | ||
| Q1 24 | — | $80.3M |
| Q4 25 | $195.8M | $63.6M | ||
| Q3 25 | $199.5M | $60.0M | ||
| Q2 25 | $207.7M | $62.5M | ||
| Q1 25 | $213.5M | $62.0M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | $47.1M | $72.9M | ||
| Q2 24 | — | $72.8M | ||
| Q1 24 | — | $85.1M |
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 | $-507.0K |
| 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.
| Q4 25 | $-10.8M | $-507.0K | ||
| Q3 25 | $-11.1M | $116.0K | ||
| Q2 25 | $-7.5M | $-1.4M | ||
| Q1 25 | $-11.4M | $-2.9M | ||
| Q4 24 | — | $-2.0M | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $282.0K | ||
| Q1 24 | — | $-3.2M |
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $-11.5M | — | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-11.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -44.2% | — | ||
| Q3 25 | -50.8% | — | ||
| Q2 25 | -35.9% | — | ||
| Q1 25 | -56.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.7% | — | ||
| 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% |
ZVIA
Segment breakdown not available.
