The Ledger ResearchPrivate

The Front Office

Scouting report · CBRS

Robert P. Komin Jr.

  • Chief Financial Officer & Treasurer, CBRS since 2024-03src

Cerebras CFO since March 2024; Sunrun's CFO from 2015 to 2020

A+91 / 100

Ranked #1 of 23

Scouting sheet

as of 24 Sep 2026
Delivers guidance904 beat · 4 met · 0 missed · 0 withdrawn
Answers the question930 dodges in 4 answers on 2 calls
Capital allocation—company five-year record: neutral — inherited: the five-year record is mostly a predecessor's
Pay design—no proxy read yet
Skin in the game—no holding or price on file
Age
63src
In the role
3 yr
Promises scored
8
Hit rate
100%
Dodges / 100 answers
0.0
Airtime on calls
27%
Every promise, oldest firstBBBMMBMM

What to weigh

Watch 4

  • Audit chair at Bird Global during its collapse. The 2023 proxy says the auditor's FY2021 report flagged a restatement of the 2021 and 2020 statements and its FY2022 report carried a going-concern paragraph. Bird filed for Chapter 11 on 2023-12-20 while he was still a directorsrc
  • As CFO he concluded that disclosure controls were not effective at 2026-06-30. The material weaknesses cover IT general controls, segregation of duties, and too few qualified accounting staff, across revenue, inventory, data-centre assets and equity administrationsrc
  • Introduced the 'core' non-GAAP metric set on the first call and discussed only those. Every guide he has given is on that basis, which excludes pass-through revenue, the customer-warrant contra-revenue and SBCsrc
  • His pay is undisclosed: he was not a named executive officer for 2025 under the EGC scaled rules, so no salary, bonus or grant figures are publicsrc

In their favour 1

  • No open-market sales since the IPO. He adopted a 10b5-1 plan for up to 128,000 shares on 2026-06-30, and no Form 4 sale has followed it through 2026-09-23src

Career

  1. 2024-03 – now
    Cerebras Systemssrc
    Chief Financial Officer & Treasurer
    Succeeded Anthony Maslowski, who stopped being CFO on 2024-03-15 per the 2024 S-1. Company announced the appointment publicly in August 2024 (WS-cbrs-cfo)
  2. 2021-06 – 2024-04
    Bird Global, Inc.src
    Director and audit committee chair (non-executive)
    Bird Rides director from June 2021, Bird Global director from the SPAC close on 2021-11-04 (BIRD-DEF14A-2023)
  3. 2020-05 – 2021-01
    Sunrun Inc.src
    Consultant
  4. 2015-03 – 2020-05
    Sunrun Inc.src
    Chief Financial Officer
    CFO before and through Sunrun's 2015 IPO (SUNRUN-DRSA-2015)
  5. 2013-09 – 2015-01
    Flurry, Inc.src
    Chief Financial Officer
    Flurry was bought by Yahoo (WS-sunrun-pr)
  6. 2012-08 – 2013-08
    Ticketfly, Inc.src
    Chief Financial Officer
    Ticketfly was later bought by Pandora (WS-cbrs-cfo)
  7. 2010-01 – 2012-07
    Linden Research, Inc. (Linden Lab / Second Life)src
    COO & CFO
    A search summary adds a stint as interim CEO (WS-cbrs-cfo); no filing confirms it

Not located: January 2021 to March 2024 has no executive role in any source; he was a Bird Global director over that period. Roles before 2010 (CFO of Solexel, Tellme Networks and XOR; finance posts at Cincinnati Bell and Convergys; KPMG) are listed without dates in the sources, so they are in background, not career

Achievements

  • Sunrun's CFO from March 2015 to May 2020, through its 2015 IPO; a search summary credits his tenure with growth from about 100,000 to 500,000+ customerssrc
  • Cerebras's CFO through the first S-1 (2024), its withdrawal, and the May 2026 IPO; principal financial officer on both 10-Qs sincesrc
  • Four earlier CFO jobs at venture-backed companies, two of them later sold (Flurry to Yahoo, Ticketfly to Pandora)src
  • Holds about 1.03m Cerebras shares including unvested RSUs, plus 18,248 options, per his Form 4 of 2026-08-20src

Education

  • Harvard Business School, MBAsrc
  • University of Oregon, BS Accounting and General Sciencesrc

Background

  • Family The prospectus states there are no family relationships among any executive officers or directorssrc
  • Boards Bird Global director June 2021 to April 2024: audit committee chair and designated audit committee financial expert per the 2023 proxysrc
  • Other Earlier career per the 2015 Sunrun filing: CFO of Solexel (thin-silicon solar), Tellme Networks and XOR. A search summary adds KPMG (CPA), VP finance and treasurer at Cincinnati Bell, and a founding executive role at Convergyssrc
  • Other Has worked alongside a current Cerebras director before: Steve Vassallo sat on Sunrun's board when Komin was its CFO. Vassallo is a Cerebras director and compensation committee member (424B4-2026)src
  • Other Sold 27,599 Class B shares back to the company in the December 2025 employee tender offer at $36.2324, about $1.0msrc

The promise ledger

8 scored · 0 open
ResultWhat was promisedWhere it is scoredHow
B BeatQ2 2026 core revenue ~$194.0m — "In our core business in Q2, we expect core revenue of approximately $194 million, representing year-over-year growth of 88%."CBRS row 1said it
B BeatQ2 2026 core gross margin 36–38%CBRS row 2said it
B BeatQ2 2026 core operating margin (30)–(32)%CBRS row 3said it
M MetCore hardware revenue to fall — "We plan to see decreasing hardware revenue for the next few quarters"CBRS row 4said it
M MetCore cloud margin to fall on rented capacity — "We expect the impact to be a decrease of 10 to 15 margin points" from Q1's 52.9%CBRS row 5said it
B BeatCore hardware margin to "return to the low 30s as this contract pricing normalizes"CBRS row 6said it
M Met"G&A expense was $9.9 million and will continue to step up significantly next quarter"CBRS row 7said it
M MetIPO: net proceeds ~$5,408.5m ($6,221.4m with the over-allotment) and "we will use approximately $416.1 million to satisfy our tax withholding and remittance obligations related to the vesting of such RSUs."CBRS row 8written outlook

Questions dodged

0.0 per 100 answers

None logged on the calls reviewed.

Calls reviewed

  • FY2026-Q1.roic.json — 3 answers, 28% of the words
  • FY2026-Q2.roic.json — 1 answers, 26% of the words

Sources

11
  1. Filing Cerebras Systems IPO prospectus, 424B4 (0001628280-26-035214) · 2026-05-14
  2. Filing Cerebras Systems 10-Q for the quarter ended 2026-06-30 (0001628280-26-056357) · 2026-08-12
  3. Filing Form 3, Robert Patrick Komin Jr. (reporting CIK 1648800), initial holdings (0001628280-26-034698) · 2026-05-13
  4. Filing Form 4, Robert Patrick Komin Jr., Class B to Class A conversion of 2026-08-18 (0001628280-26-058316) · 2026-08-20
  5. Filing Sunrun Inc. draft registration statement, DRS/A (0000950123-15-006851), Management section · 2015-06-12
  6. Filing Bird Global, Inc. DEF 14A for the 2023 annual meeting (0001861449-23-000213) · 2023-11-30
  7. Filing Bird Global, Inc. 8-K Item 1.03, Chapter 11 petitions (0001861449-23-000220) · 2023-12-20
  8. Web search result WebSearch: Cerebras press release 'Cerebras Announces New Board Members and Chief Financial Officer' (Aug 2024), search summary; the page itself was blocked by the egress proxy · 2026-09-24
  9. Web search result WebSearch: Sunrun press release 'Sunrun Appoints Bob Komin Chief Financial Officer' (2015), search summary; page not opened · 2026-09-24
  10. Call transcript CBRS Q1 2026 earnings call (2026-06-23), ROIC.ai
  11. Call transcript CBRS Q2 2026 earnings call (2026-08-12), ROIC.ai