Corvex Reports Second Quarter 2026 Results and Provides Business Update
Corvex reported its first full quarter as an AI infrastructure company, posting $3.8 million in revenue while highlighting $22 million in contracted annualized recurring revenue on live compute. The company recorded a net loss of $(12.8) million, driven partly by $9.4 million in stock-based compensation related to the March merger, while cash reserves stood at $21.7 million.
Key figures
- Revenue
- 3800000
- Guidance
- Contracted annualized recurring revenue on live compute approximately $22 million as of August 14, 2026
- Net loss
- $(12.8) million
- Contracted arr
- $22 million
- Adjusted ebitda
- $(3.2) million
- Deferred revenue
- $3.7 million
- Cash and equivalents
- $21.7 million
- Stock based compensation
- $9.4 million
- Shares outstanding as converted
- 56.6 million
AI analysis
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