CeriBell (CBLL)


Market Price (11/6/2026): $26.01 | Market Cap: $1.0 BilSector: Health Care | Industry: Life Sciences Tools & Services

CeriBell (CBLL)


Market Price (11/6/2026): $26.01
Market Cap: $1.0 Bil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Personalized Diagnostics, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -79%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -76 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -70%

Stock price has recently run up significantly
12M Rtn12 month market price return is 121%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%

Key risks
CBLL key risks include [1] a history of significant net losses with an unclear timeline to profitability, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Personalized Diagnostics, Targeted Therapies, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -79%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -76 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -70%
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 121%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%
8 Key risks
CBLL key risks include [1] a history of significant net losses with an unclear timeline to profitability, Show more.

CBLL in ETFs

Weight = CBLL's share of each fund

VTI0.00%
IWM0.03%
IWO0.05%
VTWO0.02%
SCHA0.02%
VHT0.01%
ONEQ0.01%
DFAS0.00%
+2 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

CeriBell (CBLL) stock has gained about 45% since 7/31/2026 because of the following key factors:

1. Robust Revenue Growth and Market Penetration: CeriBell reported a 30% year-over-year increase in revenue, reaching $29.3 million for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst estimates. This growth was fueled by a record addition of 35 new hospital accounts, bringing the total to 747 active accounts, and a double-digit year-over-year increase in utilization within its existing customer base.

2. Upward Revision of Fiscal 2026 Revenue Guidance: On November 3, 2026, CeriBell raised the low end of its full fiscal year 2026 revenue guidance to a range of $115 million to $117 million. This revised outlook projects a year-over-year growth of approximately 29% to 31%, signaling strong confidence in the company's sustained business momentum.

Show more
Updated on 11/5/2026

CeriBell (CBLL) stock has gained about 45% since 7/31/2026 because of the following key factors:

1. Robust Revenue Growth and Market Penetration: CeriBell reported a 30% year-over-year increase in revenue, reaching $29.3 million for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst estimates. This growth was fueled by a record addition of 35 new hospital accounts, bringing the total to 747 active accounts, and a double-digit year-over-year increase in utilization within its existing customer base.

2. Upward Revision of Fiscal 2026 Revenue Guidance: On November 3, 2026, CeriBell raised the low end of its full fiscal year 2026 revenue guidance to a range of $115 million to $117 million. This revised outlook projects a year-over-year growth of approximately 29% to 31%, signaling strong confidence in the company's sustained business momentum.

3. Expansion of Product Portfolio with Delirium Monitoring Solution Launch and Regulatory Clearances: CeriBell fully launched its Delirium Monitoring Solution, which became eligible for a New Technology Add-on Payment (NTAP) of up to $2,171 per eligible Medicare patient case, effective October 1, 2026. Additionally, the company received FDA 510(k) clearance on September 30, 2026, for Quantitative EEG Trending and Amplitude-Integrated EEG Analysis, expanding the capabilities of its point-of-care EEG platform.

4. Positive Analyst Sentiment and Price Target Increases: Following these positive developments, Wall Street analysts maintained a "Moderate Buy" to "Strong Buy" consensus rating for CeriBell. Several firms, including TD Cowen and BTIG Research, either reiterated or increased their price targets for the stock, with some reaching as high as $33.00 during September and October 2026.

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Stock Movement Drivers

Fundamental Drivers

The 47.0% change in CBLL stock from 7/31/2026 to 11/5/2026 was primarily driven by a 31.4% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)17.6926.0147.0%
Change Contribution By: 
Total Revenues ($ Mil)9510914.4%
P/S Multiple7.09.231.4%
Shares Outstanding (Mil)3839-2.2%
Cumulative Contribution47.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
CBLL47.0% 
Market (SPY)-1.9%28.0%
Sector (XLV)13.8%28.2%

Fundamental Drivers

The 29.0% change in CBLL stock from 4/30/2026 to 11/5/2026 was primarily driven by a 22.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611052026Change
Stock Price ($)20.1626.0129.0%
Change Contribution By: 
Total Revenues ($ Mil)8910922.1%
P/S Multiple8.49.29.4%
Shares Outstanding (Mil)3739-3.4%
Cumulative Contribution29.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
CBLL29.0% 
Market (SPY)2.3%21.1%
Sector (XLV)27.2%20.4%

Fundamental Drivers

The 128.2% change in CBLL stock from 10/31/2025 to 11/5/2026 was primarily driven by a 72.4% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)11.4026.01128.2%
Change Contribution By: 
Total Revenues ($ Mil)7710940.4%
P/S Multiple5.39.272.4%
Shares Outstanding (Mil)3639-5.7%
Cumulative Contribution128.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
CBLL128.2% 
Market (SPY)8.4%30.2%
Sector (XLV)29.8%27.8%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
CBLL  
Market (SPY)81.3%36.8%
Sector (XLV)55.5%34.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CBLL Return---4%-15%19%4%
Peers Return4%-15%-8%-24%55%-9%-12%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
CBLL Win Rate---67%42%45% 
Peers Win Rate56%53%47%42%56%55% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
CBLL Max Drawdown-----58%-31% 
Peers Max Drawdown-33%-44%-52%-42%-36%-44% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, ATEC, CERS, COCH, FRNM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventCBLLS&P 500
2025 US Tariff Shock
  % Loss-49.7%-18.8%
  % Gain to Breakeven98.7%23.1%
  Time to Breakeven272 days79 days

Compare to A, ATEC, CERS, FRNM, HSCS

In The Past

CeriBell's stock fell -49.7% during the 2025 US Tariff Shock. Such a loss loss requires a 98.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCBLLS&P 500
2025 US Tariff Shock
  % Loss-49.7%-18.8%
  % Gain to Breakeven98.7%23.1%
  Time to Breakeven272 days79 days

Compare to A, ATEC, CERS, FRNM, HSCS

In The Past

CeriBell's stock fell -49.7% during the 2025 US Tariff Shock. Such a loss loss requires a 98.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CeriBell (CBLL)

CeriBell (CBLL) is a commercial-stage medical technology company dedicated to transforming the diagnosis and management of patients with serious neurological conditions. The company's primary focus is addressing the significant limitations of conventional electroencephalography (EEG) in acute care settings, where traditional systems are often slow, require specialized personnel, and cannot provide the continuous monitoring essential for critically ill patients at risk of seizures. CeriBell's innovative approach aims to deliver rapid, point-of-care EEG solutions that lead to earlier seizure detection, improved patient outcomes, and enhanced hospital and payer economics.

The core of CeriBell's offering is the Ceribell System, a novel, portable EEG platform. This system integrates proprietary hardware, consisting of a disposable headband and a pocket-sized, battery-operated recorder, designed for rapid deployment—within minutes—by any non-specialized healthcare professional. A critical component is its AI-powered "Clarity" algorithm, which continuously monitors the patient's EEG signal to support real-time assessment of seizure activity. Clarity has received 510(k) clearance from the FDA for diagnosing electrographic status epilepticus and has been awarded a New Technology Add-on Payment (NTAP) from CMS, underscoring its unique diagnostic capabilities. CeriBell generates recurring revenue through the sale of its disposable headbands and monthly subscription fees for the use of Clarity, recorders, and its associated portal.

CeriBell primarily serves acute care facilities across the United States, including major academic centers and community hospitals, with over 500 active accounts as of September 2024. The company targets an estimated $2 billion annual market opportunity by expanding the use of EEG for the approximately three million acute care patients at risk of non-convulsive seizures. While its current commercial efforts are focused on the U.S., CeriBell holds a CE Mark for Europe and plans for future international expansion. The company also intends to leverage its AI and data science capabilities to expand into additional indications beyond seizures, such as delirium, for which it has received an FDA Breakthrough Device Designation, representing further market opportunities.

AI Analysis | Feedback

Here are 1-3 brief analogies for CeriBell:

  • CeriBell is like the Dexcom for brain activity, providing continuous, real-time seizure monitoring for critically ill hospital patients.
  • It's the 'Uber' for electroencephalography (EEG) in hospitals, making a critical brain activity diagnostic available quickly and easily at the patient's bedside with AI.
  • Think of it as an AI-powered 'Apple Watch for the brain' for acute care patients, enabling rapid and continuous seizure detection.

AI Analysis | Feedback

  • Disposable Headbands: Single-use hardware components for the Ceribell System, designed to rapidly capture patient EEG signals.
  • Clarity AI-powered Seizure Detection Algorithm: A subscription-based artificial intelligence algorithm that continuously monitors EEG signals to aid clinicians in real-time seizure detection and diagnosis.
  • EEG Recorders and Portal Access: A subscription service providing use of portable, battery-operated EEG recorders and access to an online portal for data management and system interface.

AI Analysis | Feedback

CeriBell (CBLL) sells its products and services primarily to other companies, specifically hospitals and acute care facilities. The company's customer base includes a range of institutions, from top academic centers to small community hospitals.

As of September 30, 2024, CeriBell had over 500 active accounts. However, the provided background information does not name specific customer companies or their public symbols, as these are typically healthcare providers and not publicly traded companies in the traditional sense.

AI Analysis | Feedback

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AI Analysis | Feedback

Jane Chao, PhD - President, Chief Executive Officer, Co-Founder, and Director

Jane Chao is a co-founder of CeriBell and has served as its CEO since October 2015. Prior to joining CeriBell, Dr. Chao held positions as Principal Manager of Portfolio Management Strategy at Genentech, Inc. and Senior Strategy Manager at Novartis AG. She also worked as a management consultant at McKinsey & Company. She holds a Ph.D. in biophysics from Cornell University.

Scott Blumberg - Chief Financial Officer

Scott Blumberg has served as CeriBell's CFO since April 2020. He founded Venture Forward Advisory Services, a financial and strategic consulting agency, where he acted as an outsourced CFO and trusted advisor to over 20 venture-backed startups. Earlier in his career, he was Director of Business Development for IDEV Technologies, a venture-backed medical device company, and led the M&A process that resulted in its sale to Abbott for $310 million. Mr. Blumberg also worked as an investment professional at Bay City Capital, a life sciences venture capital firm, and an investment banking analyst at Bank of America.

Raymond Woo, PhD - Chief Technology Officer

Raymond Woo joined CeriBell in 2016 and leads its product research and development efforts. Before CeriBell, Dr. Woo was Global Head of Femtosecond Laser R&D at Abbott Medical Optics (now part of J&J Vision). He also contributed to the development of the Catalys laser cataract surgery system at Optimedica, which was subsequently acquired by Abbott Medical Optics. He holds a Ph.D. and Master's degree in Electrical Engineering from Stanford University.

Sean Manni - Chief Revenue Officer

Sean Manni brings over 25 years of experience in the healthcare industry to CeriBell.

Diku Mandavia, MD - Chief Medical Officer

Dr. Diku Mandavia is a recognized expert in emergency medicine with more than 25 years of clinical experience and nearly 15 years in the commercial medical device sector. He is focused on advancing CeriBell's mission to establish a new standard of care through non-invasive brain monitoring.

AI Analysis | Feedback

  • Market Adoption and Resistance to Changing Established Clinical Practices: CeriBell aims to transform the diagnosis and management of neurological conditions and expand the use of EEG in acute care settings, a market they believe is significantly underutilized. Despite the demonstrated benefits of the Ceribell System, there is a substantial risk that healthcare facilities and clinicians may be slow to adopt new technologies and change established practices, which could hinder the company's ability to achieve its goal of becoming the standard of care and fully realize its estimated $2 billion market opportunity.
  • Reliance on Regulatory Clearances and Favorable Reimbursement Policies: The company's current success and future growth are heavily dependent on obtaining and maintaining regulatory approvals, such as the FDA 510(k) clearance for seizure diagnosis and FDA Breakthrough Device Designation for delirium detection. Future expansion into new indications and international markets will require additional regulatory clearances, which can be time-consuming and uncertain. Furthermore, CeriBell's revenue generation relies on favorable reimbursement policies, including the New Technology Add-on Payment (NTAP) from CMS. Any adverse changes in regulatory requirements or reimbursement policies could significantly impact the company's ability to market its product and generate revenue.
  • Dependence on Expansion and Effectiveness of Direct Sales Organization: CeriBell plans to expand the size of its direct sales organization in the United States to drive further adoption and utilization of the Ceribell System. There is a risk that the company may not be able to effectively scale its sales force, recruit and retain qualified personnel, or ensure the productivity of its sales team. Failure to successfully expand and manage its sales organization could impede market penetration, limit customer acquisition, and consequently hinder revenue growth.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for CeriBell's main products and services is estimated to be over $2 billion for the detection and management of seizures in the acute care setting in the United States.

AI Analysis | Feedback

CeriBell (CBLL) anticipates several key drivers for future revenue growth over the next 2-3 years:

  • Growth in Active Accounts and Utilization: The company plans to expand its direct sales organization in the United States to drive further adoption of the Ceribell System by acquiring new customers and increasing the utilization of the system within existing active accounts. This strategy focuses on increasing both the number of hospitals using the system and the frequency of its use for patient monitoring.
  • Expansion to New Indications: CeriBell intends to leverage its proprietary database of EEG recordings and AI capabilities to expand the use of its system beyond seizure detection. This includes pursuing additional indications, such as the detection and monitoring of delirium, for which it has already received an FDA Breakthrough Device Designation. This expansion into new applications for the Ceribell System is expected to open up significant new market opportunities.
  • International Market Expansion: While currently focused on the United States, CeriBell has received a CE Mark for the Ceribell System in Europe and plans to pursue additional regulatory clearances there within two to four years. The company also intends to engage in market access initiatives in other attractive international regions, signaling a strategic move to broaden its geographic reach and revenue streams outside of the U.S.
  • Increased Sales Force: CeriBell intends to expand the size of its direct sales organization in the United States, including Territory Managers for new customer acquisition and Clinical Account Managers for ongoing account coverage and increased utilization. This investment in its sales team is expected to directly support the growth in its active account base and overall system utilization.

AI Analysis | Feedback

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Peer Outperformance in Life Sciences Tools & Services

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Share of Life Sciences Tools & Services constituents that CBLL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
95%
of 124 industry peers · 120.8% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is CBLL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 7.6%56.6%93.6% CAH 498% · MCK 396% · COR 181%
Health Care Services 20 33.8%28.8%6.1% HIMS 189% · RDNT 125% · DGX 100%
Health Care Facilities 25 13.9%27.4%-1.4% THC 280% · NHC 210% · EHC 186%
Managed Health Care 8 47.9%1.6%-2.2% OSCR 95% · HQY 52% · ELV 10%
Health Care Equipment 50 11.0%17.8%-17.6% UFPT 355% · GKOS 286% · PLSE 127%
Pharmaceuticals 61 -12.9%10.6%-37.3% LQDA 977% · XERS 571% · KNSA 500%
Health Care Supplies 11 23.9%17.0%-40.1% LNTH 248% · HAE 66% · MMSI 29%
Life Sciences Tools & Services ← 108 -8.1%-18.9%-74.5% AXGN 255% · NTRA 214% · MEDP 181%
Biotechnology 364 -25.8%-36.1%-82.0% ELVN 1073% · TRVI 995% · DNTH 956%
Health Care Technology 21 -21.4%-50.4%-82.8% VEEV -3% · DOCS -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CBLLAATECCERSCOCHFRNMMedian
NameCeriBell Agilent .Alphatec Cerus Envoy Me.Freenome  
Mkt Price26.01171.787.622.097.0910.389.00
Mkt Cap1.048.41.20.4--1.1
Rev LTM1097,3728402270-227
Op Inc LTM-761,639-26-2-24--24
FCF LTM-571,267-100-22--10
FCF 3Y Avg-441,257-71-3-22--22
CFO LTM-561,609613-22-3
CFO 3Y Avg-431,6305-1-21--1

Growth & Margins

CBLLAATECCERSCOCHFRNMMedian
NameCeriBell Agilent .Alphatec Cerus Envoy Me.Freenome  
Rev Chg LTM31.3%8.6%15.3%13.7%11.1%-13.7%
Rev Chg 3Y Avg-2.0%23.2%13.8%0.4%-7.9%
Rev Chg Q29.9%8.1%12.6%9.5%57.1%-12.6%
QoQ Delta Rev Chg LTM6.6%1.9%3.0%2.3%11.6%-3.0%
Op Inc Chg LTM-33.8%13.5%65.3%74.0%-19.5%-13.5%
Op Inc Chg 3Y Avg-5.3%38.1%54.0%-20.1%-21.7%
Op Mgn LTM-69.8%22.2%-3.0%-1.1%-10,343.3%--3.0%
Op Mgn 3Y Avg-65.6%22.1%-12.4%-4.2%-9,221.1%--12.4%
QoQ Delta Op Mgn LTM-1.2%0.7%1.7%-0.4%1,067.8%-0.7%
CFO/Rev LTM-51.5%21.8%7.3%1.5%-9,624.2%-1.5%
CFO/Rev 3Y Avg-50.9%23.8%-0.6%-0.5%-8,907.8%--0.6%
FCF/Rev LTM-52.5%17.2%-1.2%0.2%-9,710.4%--1.2%
FCF/Rev 3Y Avg-52.5%18.3%-12.1%-1.9%-9,121.7%--12.1%

Valuation

CBLLAATECCERSCOCHFRNMMedian
NameCeriBell Agilent .Alphatec Cerus Envoy Me.Freenome  
Mkt Cap1.048.41.20.4--1.1
P/S9.26.61.41.9--4.2
P/Op Inc-13.229.6-46.9-170.6---30.0
P/EBIT-13.927.5-28.2-1,785.8---21.0
P/E-13.633.6-13.8-57.6---13.7
P/CFO-17.930.119.5120.5--24.8
Total Yield-7.4%3.6%-7.1%-1.7%---4.4%
Dividend Yield0.0%0.6%0.0%0.0%--0.0%
FCF Yield 3Y Avg-3.0%-8.5%-1.0%---1.0%
D/E0.00.10.50.2--0.1
Net D/E-0.10.00.40.0--0.0

Returns

CBLLAATECCERSCOCHFRNMMedian
NameCeriBell Agilent .Alphatec Cerus Envoy Me.Freenome  
1M Rtn6.9%1.4%-27.7%-10.7%9.1%-36.6%-4.6%
3M Rtn42.5%21.7%-17.3%-9.9%9.1%-4.9%2.1%
6M Rtn27.6%45.3%-1.7%-19.9%9.1%-20.2%3.7%
12M Rtn120.8%17.9%-61.4%44.1%9.1%-20.2%13.5%
3Y Rtn4.0%63.4%-26.1%22.9%9.1%-20.2%6.6%
1M Excs Rtn12.2%3.0%-24.2%-7.3%10.5%-33.8%-2.1%
3M Excs Rtn39.2%18.7%-17.3%-10.2%10.0%-6.0%2.0%
6M Excs Rtn22.8%40.5%-6.4%-24.6%4.3%-25.0%-1.0%
12M Excs Rtn124.6%4.9%-74.0%30.8%-4.4%-33.6%0.2%
3Y Excs Rtn-79.3%-13.4%-98.4%-32.5%-74.1%-102.8%-76.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Electroencephalography (EEG) headbands67503521
Electroencephalography (EEG) portal and Clarity subscriptions2215115
Total89654526


Price Behavior

Price Behavior
Market Price$26.01 
Market Cap ($ Bil)1.0 
First Trading Date10/11/2024 
Distance from 52W High-8.0% 
   50 Days200 Days
DMA Price$25.18$20.88
DMA Trendupup
Distance from DMA3.3%24.6%
 3M1YR
Volatility51.9%51.7%
Downside Capture-65.5673.57
Upside Capture164.83171.55
Correlation (S&P 500)14.9%28.0%
CBLL Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.271.251.130.841.190.09
Up Beta-0.87-1.21-0.21-0.910.48-0.24
Down Beta4.433.173.441.381.34-0.08
Up Capture265%150%200%153%272%67%
Bmk +ve Days12182862130427
Stock +ve Days12233663128245
Down Capture93%51%-53%89%94%102%
Bmk -ve Days10253664121325
Stock -ve Days9182661121265

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBLL
CBLL139.0%51.7%1.85-
Sector ETF (XLV)29.2%16.9%1.3328.0%
Equity (SPY)9.5%13.6%0.4129.8%
Gold (GLD)3.6%28.7%0.119.2%
Commodities (DBC)37.7%21.2%1.40-20.6%
Real Estate (VNQ)12.0%14.2%0.5527.0%
Bitcoin (BTCUSD)-20.8%43.3%-0.426.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBLL
CBLL2.4%65.2%0.37-
Sector ETF (XLV)8.6%15.4%0.3633.8%
Equity (SPY)11.3%17.3%0.4836.7%
Gold (GLD)17.5%19.1%0.741.5%
Commodities (DBC)8.0%19.6%0.29-5.3%
Real Estate (VNQ)1.2%18.9%-0.0530.3%
Bitcoin (BTCUSD)5.9%51.5%0.2915.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBLL
CBLL1.2%65.2%0.37-
Sector ETF (XLV)12.2%16.8%0.6033.8%
Equity (SPY)14.9%18.0%0.7036.7%
Gold (GLD)12.0%16.5%0.591.5%
Commodities (DBC)7.6%18.1%0.33-5.3%
Real Estate (VNQ)5.7%20.7%0.2330.3%
Bitcoin (BTCUSD)61.3%66.2%1.0115.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 93020266.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest4.8 days
Basic Shares Quantity38.5 Mil
Short % of Basic Shares5.6%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-3.1%  
8/10/202610.4%26.4%26.5%
5/11/2026-16.5%-17.3%-8.4%
2/24/2026-4.8%-11.9%-5.7%
11/4/20257.9%14.7%80.6%
8/5/2025-15.3%-22.4%-18.2%
5/8/2025-6.6%2.9%4.2%
2/25/2025-1.3%-7.0%-23.4%
...
SUMMARY STATS   
# Positive234
# Negative754
Median Positive9.1%14.7%15.3%
Median Negative-4.8%-11.9%-13.3%
Max Positive10.4%26.4%80.6%
Max Negative-16.5%-22.4%-23.4%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-3.1%  
8/10/202610.4%26.4%26.5%
5/11/2026-16.5%-17.3%-8.4%
2/24/2026-4.8%-11.9%-5.7%
11/4/20257.9%14.7%80.6%
8/5/2025-15.3%-22.4%-18.2%
5/8/2025-6.6%2.9%4.2%
2/25/2025-1.3%-7.0%-23.4%
11/12/2024-3.4%-11.4%1.2%
SUMMARY STATS   
# Positive234
# Negative754
Median Positive9.1%14.7%15.3%
Median Negative-4.8%-11.9%-13.3%
Max Positive10.4%26.4%80.6%
Max Negative-16.5%-22.4%-23.4%

SEC Filings

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Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/08/202510-Q
12/31/202402/25/202510-K
09/30/202411/12/202410-Q
06/30/202410/11/2024424B4
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Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/08/202510-Q
12/31/202402/25/202510-K
09/30/202411/12/202410-Q
06/30/202410/11/2024424B4

Recent Forward Guidance

Updated 11/4/2026

Latest: Q3 2026 Earnings Reported 11/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported115.00 Mil116.00 Mil117.00 Mil0.4% RaisedGuidance: 115.50 Mil for 2026
2026 Revenue GrowthReported29.0%30.0%31.0% 0.5%RaisedGuidance: 29.5% for 2026


Prior: Q2 2026 Earnings Reported 8/10/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported114.00 Mil115.50 Mil117.00 Mil  RaisedGuidance: 114.00 Mil for 2026
2026 Revenue GrowthReported28.0%29.5%31.0% 1.5%RaisedGuidance: 28.0% for 2026

Q1 2026 Earnings Reported 5/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported112.00 Mil114.00 Mil116.00 Mil0.9% RaisedGuidance: 113.00 Mil for 2026
2026 Revenue GrowthReported26.0%28.0%30.0% 1.0%RaisedGuidance: 27.0% for 2026

Q4 2025 Earnings Reported 2/24/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported111.00 Mil113.00 Mil115.00 Mil28.4% Higher NewGuidance: 88.00 Mil for 2025
2026 Revenue GrowthReported25.0%27.0%29.0% -7.5%Lower NewGuidance: 34.5% for 2025

Insider Activity

Updated 11/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Woo, RaymondChief Technology OfficerDirectSell1104202626.964,887131,7545,476,061Form
2Woo, RaymondChief Technology OfficerDirectSell1002202624.384,887119,1454,952,017Form
3Chao, XingjuanPresident and CEODirectSell917202625.0320,846521,77518,681,015Form
4Blumberg, ScottChief Financial OfficerDirectSell917202625.0084621,1503,665,000Form
5Foehr, DavidSenior VP, Finance and PAODirectSell910202624.259,255224,451828,057Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Woo, RaymondChief Technology OfficerDirectSell1104202626.964,887131,7545,476,061Form
2Woo, RaymondChief Technology OfficerDirectSell1002202624.384,887119,1454,952,017Form
3Chao, XingjuanPresident and CEODirectSell917202625.0320,846521,77518,681,015Form
4Blumberg, ScottChief Financial OfficerDirectSell917202625.0084621,1503,665,000Form
5Foehr, DavidSenior VP, Finance and PAODirectSell910202624.259,255224,451828,057Form
6Woo, RaymondChief Technology OfficerDirectSell910202624.334,887118,9014,941,861Form
7Chao, XingjuanPresident and CEODirectSell904202624.6139,540973,07918,880,571Form
8Blumberg, ScottChief Financial OfficerDirectSell904202625.0065216,3003,665,000Form
9Foehr, DavidSenior VP, Finance and PAODirectSell825202623.9585920,573859,781Form
10Manni, Joseph SChief Revenue OfficerDirectSell825202624.021,36132,6911,344,063Form
11Foehr, DavidSenior VP, Finance and PAODirectSell825202624.0299323,852882,927Form
12Woo, RaymondChief Technology OfficerDirectSell825202624.021,97947,5364,677,391Form
13Blumberg, ScottChief Financial OfficerDirectSell825202624.021,52136,5343,521,332Form
14Chao, XingjuanPresident and CEODirectSell825202624.026,068145,75318,777,179Form
15Blumberg, ScottChief Financial OfficerDirectSell820202625.0333,512838,8053,707,469Form
16Chao, XingjuanPresident and CEODirectSell820202625.0331,415786,31719,718,609Form
17Blumberg, ScottChief Financial OfficerDirectSell820202625.0099024,7503,703,025Form
18Chao, XingjuanPresident and CEODirectSell820202625.002,19954,97520,480,350Form
19Taylor, Joseph Michael DirectSell814202623.4013,095306,4231,134,385Form
20Chao, XingjuanPresident and CEODirectSell805202618.3239,000714,48014,441,967Form
21Chao, XingjuanPresident and CEODirectSell709202619.9039,000776,10015,966,108Form
22Burke, William W DirectSell702202619.842,20743,787456,756Form
23Tpg, Gp A, LlcSee Explanation of ResponsesSell630202620.12202,3684,071,70575,754,016Form
24Taylor, Joseph Michael DirectSell615202618.415,500101,2551,133,559Form
25Chao, XingjuanPresident and CEODirectSell610202618.3339,000714,87014,963,091Form
26Foehr, DavidSenior VP, Finance and PAODirectSell526202618.8086216,206709,719Form
27Manni, Joseph SChief Revenue OfficerDirectSell526202618.001,37824,8041,013,238Form
28Foehr, DavidSenior VP, Finance and PAODirectSell526202618.0098717,766695,034Form
29Woo, RaymondChief Technology OfficerDirectSell526202618.001,96635,3883,522,276Form
30Blumberg, ScottChief Financial OfficerDirectSell526202618.001,38724,9662,658,294Form
31Chao, XingjuanPresident and CEODirectSell526202618.006,030108,54014,945,706Form
32Chao, XingjuanPresident and CEODirectSell507202620.1039,000783,97316,812,148Form
33Woo, RaymondChief Technology OfficerDirectSell504202620.4411,104226,9284,039,256Form
34Chao, XingjuanPresident and CEODirectSell408202618.4039,000717,60015,646,385Form
35Woo, RaymondChief Technology OfficerDirectSell403202618.5611,112206,2443,097,959Form
36Woo, RaymondChief Technology OfficerDirectSell304202618.2511,112202,8393,046,819Form
37Foehr, DavidSenior VP, Finance and PAODirectSell225202619.9878115,604350,649Form
38Foehr, DavidSenior VP, Finance and PAODirectSell225202619.7956911,261362,770Form
39Manni, Joseph SChief Revenue OfficerDirectSell225202619.7976815,199533,004Form
40Woo, RaymondChief Technology OfficerDirectSell225202619.7970513,9523,303,188Form
41Blumberg, ScottChief Financial OfficerDirectSell225202619.7980815,9902,341,830Form
42Chao, XingjuanPresident and CEODirectSell225202619.792,08441,24214,350,996Form
43Parvizi, Josef Josef Parvizi TrustSell223202620.2716,714338,79314,648,156Form
44Parvizi, Josef Josef Parvizi TrustSell219202620.006,986139,72014,787,320Form
45Parvizi, Josef Josef Parvizi TrustSell219202620.001,30026,00014,927,040Form
46Chao, XingjuanPresident and CEODirectSell206202620.1639,000786,24014,661,320Form
47Woo, RaymondChief Technology OfficerDirectSell204202620.5511,112228,3753,444,888Form
48Parvizi, Josef Josef Parvizi TrustSell120202622.9425,000573,50017,151,137Form
49Woo, RaymondChief Technology OfficerDirectSell106202621.1811,112235,3823,544,220Form
50Robertson, Rebecca B DirectSell106202621.892,50054,725428,519Form
51Blumberg, ScottChief Financial OfficerDirectSell1229202521.0036,000756,0002,495,682Form
52Parvizi, Josef Josef Parvizi TrustSell1217202521.4925,000537,25016,604,291Form
53Burke, William W DirectSell1211202522.0232,728720,671382,950Form
54Parvizi, Josef Josef Parvizi TrustSell1210202520.2625,000506,50016,160,430Form
55Robertson, Rebecca B DirectSell1210202520.005,000100,000167,760Form
56Chao, XingjuanPresident and CEODirectSell1208202518.8225,000470,50015,020,901Form
57Foehr, DavidSenior VP, Finance and PAODirectSell1205202516.835,26588,610326,233Form
58Robertson, Rebecca B DirectSell1204202516.6782713,786139,828Form
59Woo, RaymondChief Technology OfficerDirectSell1203202512.2811,112136,4552,059,405Form
60Chao, XingjuanPresident and CEODirectSell1203202516.5925,000414,75013,241,060Form
61Chao, XingjuanPresident and CEODirectSell1125202515.1350,000756,50012,075,783Form
62Woo, RaymondChief Technology OfficerDirectSell1113202512.2811,112136,4552,059,405Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
KCM Capital Inc$25.7 Mil4.8%31ADD +40.0%13F
Redmile Group, LLC$7.1 Mil0.5%35TRIM -11.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
KCM Capital Inc$25.7 Mil4.8%31ADD +40.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Redmile Group, LLC$7.1 Mil0.5%35TRIM -11.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
KCM Capital Inc$25.7 Mil4.8%31ADD +40.0%13F
Redmile Group, LLC$7.1 Mil0.5%35TRIM -11.1%13F
Core Cache Last Updated: 11/5/2026