Tearsheet

CeriBell (CBLL)


Market Price (6/23/2026): $18.16 | Market Cap: $684.0 MilSector: Health Care | Industry: Life Sciences Tools & Services

CeriBell (CBLL)


Market Price (6/23/2026): $18.16
Market Cap: $684.0 Mil
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

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33%

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 -65%, 3Y Excs Rtn is -98%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -65 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -68%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, 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 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33%
2 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Personalized Diagnostics, Targeted Therapies, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -98%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -65 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -68%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, 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%
ITOT0.00%
IWM0.01%
IWO0.03%
VTWO0.01%
SCHA0.01%
VHT0.01%
ONEQ0.00%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/17/2026

CeriBell (CBLL) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. CeriBell reported a wider-than-expected net loss for fiscal Q1 2026, which ended March 31, 2026, contributing to investor concern. The company posted a net loss of $19.7 million, or $0.52 per share, missing consensus EPS estimates of approximately -$0.39 by $0.13. This loss represented a significant deterioration from the net loss of $12.8 million, or $0.36 per share, reported in fiscal Q1 2025.

2. Increased operating expenses weighed on profitability in fiscal Q1 2026. Operating expenses for the quarter rose 36% to $43.9 million, compared to $32.2 million in fiscal Q1 2025. This increase was primarily driven by strategic investments in CeriBell's commercial organization, higher headcount to support business growth, and legal costs associated with intellectual property enforcement activities, including a patent infringement suit initiated in July 2025.

Show more
Updated on 6/17/2026

CeriBell (CBLL) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. CeriBell reported a wider-than-expected net loss for fiscal Q1 2026, which ended March 31, 2026, contributing to investor concern. The company posted a net loss of $19.7 million, or $0.52 per share, missing consensus EPS estimates of approximately -$0.39 by $0.13. This loss represented a significant deterioration from the net loss of $12.8 million, or $0.36 per share, reported in fiscal Q1 2025.

2. Increased operating expenses weighed on profitability in fiscal Q1 2026. Operating expenses for the quarter rose 36% to $43.9 million, compared to $32.2 million in fiscal Q1 2025. This increase was primarily driven by strategic investments in CeriBell's commercial organization, higher headcount to support business growth, and legal costs associated with intellectual property enforcement activities, including a patent infringement suit initiated in July 2025.

3. Analysts lowered fiscal year 2026 EPS estimates and price targets following the Q1 results. After the fiscal Q1 2026 earnings report, consensus EPS estimates for the full fiscal year 2026 were reduced by 17%, with the anticipated loss increasing from -$1.46 to -$1.71 per share. Concurrently, the average consensus price target for CBLL decreased from $27.57 to $26.86. As of June 12, 2026, CeriBell's valuation was considered "Ultra Expensive" based on AAII's Value Grade, further impacting investor sentiment.

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Stock Movement Drivers

Fundamental Drivers

The -2.6% change in CBLL stock from 2/28/2026 to 6/22/2026 was primarily driven by a -7.6% change in the company's P/S Multiple.
(LTM values as of)22820266222026Change
Stock Price ($)18.6718.18-2.6%
Change Contribution By: 
Total Revenues ($ Mil)89956.7%
P/S Multiple7.87.2-7.6%
Shares Outstanding (Mil)3738-1.3%
Cumulative Contribution-2.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
CBLL-2.6% 
Market (SPY)8.8%39.8%
Sector (XLV)-5.9%27.2%

Fundamental Drivers

The 7.1% change in CBLL stock from 11/30/2025 to 6/22/2026 was primarily driven by a 14.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020256222026Change
Stock Price ($)16.9718.187.1%
Change Contribution By: 
Total Revenues ($ Mil)839514.8%
P/S Multiple7.57.2-4.5%
Shares Outstanding (Mil)3738-2.3%
Cumulative Contribution7.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
CBLL7.1% 
Market (SPY)9.5%32.7%
Sector (XLV)-4.0%21.3%

Fundamental Drivers

The 8.1% change in CBLL stock from 5/31/2025 to 6/22/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256222026Change
Stock Price ($)16.8118.188.1%
Change Contribution By: 
Total Revenues ($ Mil)950.0%
P/S Multiple7.20.0%
Shares Outstanding (Mil)3438-9.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
CBLL8.1% 
Market (SPY)27.7%33.3%
Sector (XLV)15.2%33.8%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
CBLL  
Market (SPY)85.1%38.8%
Sector (XLV)23.4%36.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CBLL Return---4%-15%-18%-28%
Peers Return19%-20%-8%-19%37%-7%-10%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
CBLL Win Rate---67%42%17% 
Peers Win Rate60%50%48%42%54%47% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CBLL Max Drawdown-----58%-30% 
Peers Max Drawdown-29%-44%-49%-37%-37%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, TECH, ATEC, CERS, ALMR.
[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 6/22/2026 (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, TECH, ATEC, CERS, ALMR

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, TECH, ATEC, CERS, ALMR

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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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CBLLATECHATECCERSALMRMedian
NameCeriBell Agilent .Bio-Tech.Alphatec Cerus Alamar B. 
Mkt Price18.18126.4955.618.552.6022.7820.48
Mkt Cap0.735.78.71.30.5-1.3
Rev LTM957,2321,211787217-787
Op Inc LTM-651,555294-48-3--3
FCF LTM-501,087270-1-1--1
FCF 3Y Avg-1,271247-95-10-118
CFO LTM-491,452295523-52
CFO 3Y Avg-1,644289-19-7-141

Growth & Margins

CBLLATECHATECCERSALMRMedian
NameCeriBell Agilent .Bio-Tech.Alphatec Cerus Alamar B. 
Rev Chg LTM32.9%9.1%0.2%22.5%17.0%-17.0%
Rev Chg 3Y Avg-1.1%2.5%26.5%11.8%-7.2%
Rev Chg Q29.3%10.0%-1.5%13.6%24.1%-13.6%
QoQ Delta Rev Chg LTM6.7%2.4%-0.4%3.0%5.1%-3.0%
Op Inc Chg LTM-42.8%9.7%39.1%58.5%73.7%-39.1%
Op Inc Chg 3Y Avg--1.4%3.9%20.6%53.7%-12.2%
Op Mgn LTM-68.3%21.5%24.3%-6.1%-1.5%--1.5%
Op Mgn 3Y Avg-20.8%21.1%-17.8%-6.8%-7.0%
QoQ Delta Op Mgn LTM-2.7%0.9%3.1%1.4%2.7%-1.4%
CFO/Rev LTM-51.2%20.1%24.4%6.6%1.2%-6.6%
CFO/Rev 3Y Avg-24.3%24.3%-4.8%-4.7%-9.8%
FCF/Rev LTM-52.7%15.0%22.3%-0.1%-0.6%--0.1%
FCF/Rev 3Y Avg-18.8%20.8%-17.5%-6.5%-6.1%

Valuation

CBLLATECHATECCERSALMRMedian
NameCeriBell Agilent .Bio-Tech.Alphatec Cerus Alamar B. 
Mkt Cap0.735.78.71.30.5-1.3
P/S7.24.97.21.72.3-4.9
P/Op Inc-10.522.929.5-27.3-158.6--10.5
P/EBIT-11.721.255.4-17.4-462.7--11.7
P/E-11.325.279.3-10.5-52.9--10.5
P/CFO-14.124.629.525.5191.8-25.5
Total Yield-8.8%4.8%1.8%-9.5%-1.9%--1.9%
Dividend Yield0.0%0.8%0.6%0.0%0.0%-0.0%
FCF Yield 3Y Avg-3.5%2.7%-5.3%-2.8%--0.1%
D/E0.00.10.00.50.2-0.1
Net D/E-0.20.00.00.40.0-0.0

Returns

CBLLATECHATECCERSALMRMedian
NameCeriBell Agilent .Bio-Tech.Alphatec Cerus Alamar B. 
1M Rtn-3.1%10.0%15.3%3.4%-4.1%13.6%6.7%
3M Rtn-4.3%13.2%7.1%-29.6%42.9%3.5%5.3%
6M Rtn-13.8%-8.3%-5.4%-58.7%22.6%3.5%-6.8%
12M Rtn1.5%10.4%12.1%-21.8%94.0%3.5%7.0%
3Y Rtn-27.3%8.4%-26.3%-47.4%8.3%3.5%-11.4%
1M Excs Rtn-0.1%10.6%18.5%3.2%-3.9%12.5%6.9%
3M Excs Rtn-16.6%-0.9%-6.6%-45.7%36.3%-11.3%-9.0%
6M Excs Rtn-27.0%-18.2%-13.3%-67.5%7.5%-7.6%-15.8%
12M Excs Rtn-22.8%-14.5%-13.3%-46.4%69.1%-21.4%-18.0%
3Y Excs Rtn-98.2%-62.5%-95.5%-118.5%-71.3%-67.4%-83.4%

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$18.18 
Market Cap ($ Bil)0.7 
First Trading Date10/11/2024 
Distance from 52W High-22.4% 
   50 Days200 Days
DMA Price$19.01$18.12
DMA Trendupdown
Distance from DMA-4.4%0.3%
 3M1YR
Volatility59.1%55.1%
Downside Capture278.71165.88
Upside Capture141.83122.54
Correlation (SPY)37.1%33.6%
CBLL Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.992.091.581.281.52-0.07
Up Beta-0.871.871.711.461.55-0.40
Down Beta-3.32-3.990.020.761.60-0.67
Up Capture84%163%166%141%147%38%
Bmk +ve Days13283667141432
Stock +ve Days10213262123191
Down Capture524%570%223%138%142%101%
Bmk -ve Days7132757109318
Stock -ve Days10203162125214

[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
CBLL10.7%54.5%0.38-
Sector ETF (XLV)14.7%15.0%0.7034.1%
Equity (SPY)26.1%12.4%1.5933.1%
Gold (GLD)24.1%27.5%0.774.0%
Commodities (DBC)18.5%18.8%0.77-21.2%
Real Estate (VNQ)11.8%13.8%0.5731.7%
Bitcoin (BTCUSD)-40.2%42.5%-1.0914.6%

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
CBLL-4.7%68.4%0.09-
Sector ETF (XLV)5.5%14.7%0.1936.0%
Equity (SPY)13.4%17.1%0.6138.7%
Gold (GLD)17.1%18.3%0.761.4%
Commodities (DBC)7.5%19.4%0.28-3.7%
Real Estate (VNQ)2.1%18.9%0.0132.2%
Bitcoin (BTCUSD)9.4%54.1%0.3718.0%

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
CBLL-2.4%68.4%0.09-
Sector ETF (XLV)9.5%16.6%0.4636.0%
Equity (SPY)15.4%18.0%0.7338.7%
Gold (GLD)12.2%16.1%0.621.4%
Commodities (DBC)6.0%18.0%0.26-3.7%
Real Estate (VNQ)5.4%20.7%0.2332.2%
Bitcoin (BTCUSD)59.9%66.8%1.0018.0%

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

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 5152026-2.1%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest7.3 days
Basic Shares Quantity37.7 Mil
Short % of Basic Shares5.1%

Earnings Returns History

Updated 6/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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   
# Positive123
# Negative654
Median Positive7.9%8.8%4.2%
Median Negative-5.7%-11.9%-13.3%
Max Positive7.9%14.7%80.6%
Max Negative-16.5%-22.4%-23.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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   
# Positive123
# Negative654
Median Positive7.9%8.8%4.2%
Median Negative-5.7%-11.9%-13.3%
Max Positive7.9%14.7%80.6%
Max Negative-16.5%-22.4%-23.4%

SEC Filings

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Report DateFiling DateFiling
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
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 5/31/2026

Latest: Q1 2026 Earnings Reported 5/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue112.00 Mil114.00 Mil116.00 Mil0.9% RaisedGuidance: 113.00 Mil for 2026
2026 Revenue Growth26.0%28.0%30.0%3.7%1.0%RaisedGuidance: 27.0% for 2026

Prior: Q4 2025 Earnings Reported 2/24/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue111.00 Mil113.00 Mil115.00 Mil28.4% Higher NewGuidance: 88.00 Mil for 2025
2026 Revenue Growth25.0%27.0%29.0%-21.7%-7.5%Lower NewGuidance: 34.5% for 2025

Insider Activity

Updated 6/15/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Taylor, Joseph Michael DirectSell615202618.415,500101,2551,133,559Form
2Chao, XingjuanPresident and CEODirectSell610202618.3339,000714,87014,963,091Form
3Foehr, DavidSenior VP, Finance and PAODirectSell526202618.8086216,206709,719Form
4Manni, Joseph SChief Revenue OfficerDirectSell526202618.001,37824,8041,013,238Form
5Foehr, DavidSenior VP, Finance and PAODirectSell526202618.0098717,766695,034Form
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Taylor, Joseph Michael DirectSell615202618.415,500101,2551,133,559Form
2Chao, XingjuanPresident and CEODirectSell610202618.3339,000714,87014,963,091Form
3Foehr, DavidSenior VP, Finance and PAODirectSell526202618.8086216,206709,719Form
4Manni, Joseph SChief Revenue OfficerDirectSell526202618.001,37824,8041,013,238Form
5Foehr, DavidSenior VP, Finance and PAODirectSell526202618.0098717,766695,034Form
6Woo, RaymondChief Technology OfficerDirectSell526202618.001,96635,3883,522,276Form
7Blumberg, ScottChief Financial OfficerDirectSell526202618.001,38724,9662,658,294Form
8Chao, XingjuanPresident and CEODirectSell526202618.006,030108,54014,945,706Form
9Chao, XingjuanPresident and CEODirectSell507202620.1039,000783,97316,812,148Form
10Woo, RaymondChief Technology OfficerDirectSell504202620.4411,104226,9284,039,256Form
11Chao, XingjuanPresident and CEODirectSell408202618.4039,000717,60015,646,385Form
12Woo, RaymondChief Technology OfficerDirectSell403202618.5611,112206,2443,097,959Form
13Woo, RaymondChief Technology OfficerDirectSell304202618.2511,112202,8393,046,819Form
14Foehr, DavidSenior VP, Finance and PAODirectSell225202619.9878115,604350,649Form
15Foehr, DavidSenior VP, Finance and PAODirectSell225202619.7956911,261362,770Form
16Manni, Joseph SChief Revenue OfficerDirectSell225202619.7976815,199533,004Form
17Woo, RaymondChief Technology OfficerDirectSell225202619.7970513,9523,303,188Form
18Blumberg, ScottChief Financial OfficerDirectSell225202619.7980815,9902,341,830Form
19Chao, XingjuanPresident and CEODirectSell225202619.792,08441,24214,350,996Form
20Parvizi, Josef Josef Parvizi TrustSell223202620.2716,714338,79314,648,156Form
21Parvizi, Josef Josef Parvizi TrustSell219202620.006,986139,72014,787,320Form
22Parvizi, Josef Josef Parvizi TrustSell219202620.001,30026,00014,927,040Form
23Chao, XingjuanPresident and CEODirectSell206202620.1639,000786,24014,661,320Form
24Woo, RaymondChief Technology OfficerDirectSell204202620.5511,112228,3753,444,888Form
25Parvizi, Josef Josef Parvizi TrustSell120202622.9425,000573,50017,151,137Form
26Woo, RaymondChief Technology OfficerDirectSell106202621.1811,112235,3823,544,220Form
27Robertson, Rebecca B DirectSell106202621.892,50054,725428,519Form
28Blumberg, ScottChief Financial OfficerDirectSell1229202521.0036,000756,0002,495,682Form
29Parvizi, Josef Josef Parvizi TrustSell1217202521.4925,000537,25016,604,291Form
30Burke, William W DirectSell1211202522.0232,728720,671382,950Form
31Parvizi, Josef Josef Parvizi TrustSell1210202520.2625,000506,50016,160,430Form
32Robertson, Rebecca B DirectSell1210202520.005,000100,000167,760Form
33Chao, XingjuanPresident and CEODirectSell1208202518.8225,000470,50015,020,901Form
34Foehr, DavidSenior VP, Finance and PAODirectSell1205202516.835,26588,610326,233Form
35Robertson, Rebecca B DirectSell1204202516.6782713,786139,828Form
36Woo, RaymondChief Technology OfficerDirectSell1203202512.2811,112136,4552,059,405Form
37Chao, XingjuanPresident and CEODirectSell1203202516.5925,000414,75013,241,060Form
38Chao, XingjuanPresident and CEODirectSell1125202515.1350,000756,50012,075,783Form
39Woo, RaymondChief Technology OfficerDirectSell1113202512.2811,112136,4552,059,405Form
40Woo, RaymondChief Technology OfficerDirectSell1007202512.5411,112139,3442,103,008Form
41Woo, RaymondChief Technology OfficerDirectSell908202512.1111,112134,5662,030,895Form
42Robertson, Rebecca B DirectSell905202511.368279,395104,682Form
43Foehr, DavidSenior VP, Finance and PAODirectSell829202511.7186610,141237,128Form
44Taylor, Joseph Michael DirectSell821202511.767,03282,696696,604Form
45Chao, XingjuanPresident and CEODirectSell709202517.7025,000442,50013,735,589Form
46Robertson, Rebecca B DirectSell620202517.8511,188199,706179,250Form
47Robertson, Rebecca B DirectSell620202517.637,445131,255374,285Form
48Robertson, Rebecca B DirectSell617202517.1420,000342,800491,490Form
49Chao, XingjuanPresident and CEODirectSell605202517.0025,000425,00013,192,374Form
Core Cache Last Updated: 6/22/2026