CeriBell sees 8-10 ppt gross margin drag from 145% China tariffs after Q3 2025

Ceribell, Inc.

FY2024 gross margin 87%; tariffs on Chinese-sourced goods expected to reduce margin by 8-10 percentage points.
Effective tariff rate of 145% on goods from China; no material impact until Q4 2025 due to FIFO inventory accounting.
Inventory on hand as of April 11, 2025 sufficient to supply headband products through Q3 2025.
Subscription product cost of revenue not affected by tariffs.
Both contract manufacturers for headband product located in China.

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