CeriBell, Inc. Common Stock 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Ceribell reported Q2 2026 revenue of $28.1 million, a 33% year-over-year increase and a 6% sequential increase from Q1 2026.
- The company grew its active account base by 32 to 712 accounts, with less reliance on VA accounts compared to previous quarters.
- Gross margin reached a record 92% in Q2 2026, including a $1.6 million tariff refund; excluding the refund, gross margin was 89%.
- Operating expenses increased 37% year over year to $45.9 million, driven by stock-based compensation, sales and marketing expansion, and ongoing IP litigation costs.
- Net loss was $19.3 million or $0.51 per share, compared to a loss of $13.6 million or $0.38 per share in Q2 2025.
- Adjusted EBITDA loss was $9.8 million, slightly improved from $10.0 million loss in Q2 2025.
- Cash, cash equivalents, and marketable securities totaled $129.3 million as of June 30, 2026.
- Ceribell refinanced its credit facility post-quarter, securing up to $60 million in committed capital and extending repayment to 2031.
- Ceribell received FDA clearances for two new algorithms: artifact rejection and epileptiform abnormality detection, both to launch later in 2026.
- The company also obtained FDA clearances for a new hardware platform including a recorder with video and ECG capability and two new headband designs for extended monitoring, targeting a 2027 launch.
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Transcript
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Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to Ceribell Q2 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to question during this time, simply press star followed by the number on your telephone keypad. If you would like to withdraw your question, press the star one. I would now like to turn the call over to Brian Johnston of Gilmartin Group.
You may begin. Good afternoon, and thank you all for participating in today's call.
Joining me from Ceribell are Jane Chao, Co-founder and Chief Executive Officer, and Scott Blumberg, Chief Financial Officer. Earlier today, Ceribell issued a press release announcing financial results for the quarter ended June 30, 2026. A copy of the press release is available on the investor relations section of the company's website. Before we begin, I would like to remind you that management will make remarks during this call that include forward-looking statements within the meaning of federal securities laws, and that these are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results, or performance are forward-looking statements.
These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these statements. For a list and description of the risks and uncertainties associated with our business, please refer to the risk factors section of our public filings with the SEC, including our annual report on Form 10-K filed with the SEC on February 24, 2026, and quarterly report on Form 10-Q for the quarter ended June 30, 2026. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, August 10, 2026. Ceribell disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events, or otherwise.
With that, I will turn the call over to Jane.
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