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Corvex Q1 FY26 net loss narrows to $5.1 million; revenue more than doubled to $510,000

PUBT·05/19/2026 20:18:06
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Corvex Q1 FY26 net loss narrows to $5.1 million; revenue more than doubled to $510,000
  • Corvex posted Q1 2026 revenue of USD 510,000, more than doubled from a year earlier, while net loss attributable to common stockholders narrowed to USD 5.1 million, or USD 3.13 per share.
  • Adjusted EBITDA loss improved 67% to USD 1.6 million.
  • Deferred revenue climbed to USD 4.4 million at March 31 from USD 12,000 at year-end, reflecting contracted AI compute capacity not yet recognized.
  • Cash and cash equivalents totaled USD 29.3 million at quarter-end.
  • The quarter included 12 days of Corvex OpCo operations following the March 19 acquisition, which shifted the company’s primary business to AI cloud computing; CEO Jay Crystal said the transition positions the platform to combine scalable AI infrastructure, inference software, and confidential computing for industrial-scale deployments.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corvex Inc. published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.