--- title: "Turning losses into profits + Securing major contracts with Amazon and OpenAI, Cerebras is once again sprinting towards a U.S. IPO" type: "News" locale: "en" url: "https://longbridge.com/en/news/283213994.md" description: "Cerebras Systems has officially submitted its initial public offering (IPO) application, planning to list on NASDAQ under the stock code \"CBRS.\" The company expects to generate revenue of $510 million and a net profit of $87.9 million in fiscal year 2025, showing improvement compared to last year. After withdrawing its previous IPO application, Cerebras has resubmitted its application, expecting to raise approximately $2 billion. The company's gross margin is expected to decline, primarily affected by customer stock option grants and data center costs. Cerebras had previously relied on business from Abu Dhabi's G42, which has now been significantly reduced" datetime: "2026-04-18T06:41:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283213994.md) - [en](https://longbridge.com/en/news/283213994.md) - [zh-HK](https://longbridge.com/zh-HK/news/283213994.md) --- # Turning losses into profits + Securing major contracts with Amazon and OpenAI, Cerebras is once again sprinting towards a U.S. IPO According to Zhitong Finance APP, artificial intelligence chip manufacturer and data center operator Cerebras Systems has officially submitted its initial public offering (IPO) application months after withdrawing its previous listing application. The company plans to list on NASDAQ under the stock code "CBRS." Documents disclosed by the U.S. Securities and Exchange Commission on Friday show that the California-based company expects to generate $510 million in revenue and achieve a net profit of $87.9 million in fiscal year 2025; in the previous year, the company's revenue was $290.3 million, with a net loss of $484.8 million. According to insiders, Cerebras secretly submitted its IPO application in March, expecting to raise about $2 billion, after withdrawing its previous IPO application about six months prior. During this period, investors and tech giants have been ramping up investments in artificial intelligence infrastructure, hoping that AI can reshape the global economic landscape. Cerebras is one of many emerging companies attempting to challenge market leader NVIDIA. CEO Andrew Feldman has stated that Cerebras's hardware runs AI models much faster than NVIDIA. The company also operates its own data centers. The prospectus shows that Cerebras's gross margin for 2025 is expected to be 39%, down from 42% the previous year. The document also notes that due to factors such as stock options granted to customers and data center cost-sharing arrangements, the company expects its gross margin to decline further in the short term. The documents reveal that Cerebras previously relied heavily on business from Abu Dhabi-based AI company G42: G42 contributed 24% of its revenue in 2025, a significant drop from 85% the previous year. The partnership had previously drawn scrutiny from the U.S. Committee on Foreign Investment (CFIUS). Cerebras stated in March of last year that all pending issues with CFIUS had been resolved. G42 is not listed as a shareholder with a 5% stake in the current documents. Earlier this year, Cerebras secured a major client: Amazon announced plans to use the startup's chips in conjunction with its self-developed Trainium processors to optimize AI software performance. This collaboration has been in preparation for several years and is the first commitment from a major tech giant to use Cerebras products. Amazon AWS will launch a new service based on this collaboration in the second half of 2026. According to an announcement in January, Cerebras also signed a multi-year agreement with OpenAI, which will use its hardware to deploy 750 megawatts of computing power. The following month, OpenAI released its first AI model running on Cerebras hardware. The prospectus discloses that the agreement is valued at over $20 billion, and both parties will jointly develop future next-generation models based on Cerebras hardware; additionally, OpenAI has provided Cerebras with a $1 billion operational funding loan. In February of this year, Cerebras completed a round of financing of approximately $1 billion, bringing the company's valuation to $23 billion. This round of financing was led by Tiger Global Management, with participation from Benchmark, Fidelity Investments, and AMD among others This valuation has significantly increased from the $8.1 billion valuation in September last year. According to the disclosed documents, Morgan Stanley, Citigroup, Barclays, UBS Investment Bank, and Mizuho Bank are the underwriters for Cerebras' initial public offering ### Related Stocks - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [XBI.US](https://longbridge.com/en/quote/XBI.US.md) - [VHT.US](https://longbridge.com/en/quote/VHT.US.md) - [IXJ.US](https://longbridge.com/en/quote/IXJ.US.md) - [PBE.US](https://longbridge.com/en/quote/PBE.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [IBB.US](https://longbridge.com/en/quote/IBB.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [BBH.US](https://longbridge.com/en/quote/BBH.US.md) - [LABU.US](https://longbridge.com/en/quote/LABU.US.md) - [IHE.US](https://longbridge.com/en/quote/IHE.US.md) - [SBIO.US](https://longbridge.com/en/quote/SBIO.US.md) - [XLV.US](https://longbridge.com/en/quote/XLV.US.md) ## Related News & Research - [Microsoft vs. Amazon: 1 AI Giant Is the Better Buy Ahead of Earnings](https://longbridge.com/en/news/293334990.md) - [Watch Flock Safety CEO Garrett Langley discuss the future of surveillance at TechCrunch Disrupt 2026](https://longbridge.com/en/news/293229296.md) - [Has the bull market shifted to biotech stocks?](https://longbridge.com/en/news/293077044.md) - [Amazon will launch its satellite internet in South Africa, seemingly beating Musk in his homeland](https://longbridge.com/en/news/292801731.md) - [Meta in talks to rent some of its billions in AI infrastructure to Anthropic | CNN Business](https://longbridge.com/en/news/293075239.md)