Cerebras Systems and Innodata occupy different parts of the AI ecosystem, with Cerebras making wafer-scale chips for AI training and inference and Innodata providing data engineering and evaluation frameworks for generative AI systems. On a trailing-12-month basis through the June quarter, Cerebras revenue reached nearly $681 million, a 91% increase, while it reported a net loss of $512 million; its June 2026 balance sheet showed a current ratio of 5.8x and a debt-to-equity ratio of 0.2x, and TTM free cash flow was negative $680 million. Innodata’s TTM revenue reached $317 million as of the June quarter, up 39% year over year, and it counts five of the “Magnificent Seven” firms as major clients, though one customer accounted for nearly 58% of total revenue in 2025.