Cerebras files public S-1: 2025 revenue $510.0 million, net income $237.8 million

Cerebras publicly filed its registration statement for a Nasdaq listing under the ticker CBRS. The filing shows 2025 revenue of $510.0 million, split about $358.4 million hardware and $151.6 million cloud and other services, and net income of $237.8 million. It names OpenAI's 750 MW commitment, valued at more than $20 billion, as the main driver of backlog, and says the two large customers G42 and MBZUAI are significant.

• 2025 revenue: $510.0 million (hardware $358.4 million, cloud and other services $151.6 million)
• 2025 net income: $237.8 million
• OpenAI agreement: 750 MW, described as valued at more than $20 billion
• Application to list Class A shares on Nasdaq Global Select Market as CBRS