Corvex, Inc. (MOVE) Form 8-K — Aug 14, 2026
Corvex, Inc. (Nasdaq: MOVE) reported second quarter 2026 results, its first full reporting period including the AI cloud computing business acquired in the March 19, 2026 merger (the company formerly known as Movano Inc.). Q2 revenue was $3.8 million with a net loss attributable to common stockholders of $12.8 million, or $5.12 per share, and adjusted EBITDA of negative $3.2 million. The headline operating metric was contracted annualized recurring revenue on live compute of approximately $22 million as of August 14, 2026, more than five times the quarter's reported revenue, with all AI platform revenue generated under fixed-term contracts.
Key figures
- Revenue
- 3801000
- Total Assets
- 599323000
- Cash Position
- 21695000
- Shares Outstanding
- approximately 27.6 million common shares plus 28,930 Series D Preferred shares convertible into approximately 28.9 million common shares (~56.6 million as-converted) as of July 8, 2026
- Goodwill
- 519318000
- Deferred revenue
- 3700000
- Six month revenue
- 4312000
- Total liabilities
- 26072000
- Prior year q2 revenue
- 103000
- Q2 operating cash use
- 5300000
- Weighted avg shares q2
- 2506295
- Resale registration shares
- 53390008
- Q2 stock based compensation
- 9400000
- Gain on disposal legacy assets
- 2501000
- Contracted annualized recurring revenue live compute
- approximately $22 million as of August 14, 2026
Price after filing
Close on the filing date to close N calendar days later (from $11.72). Historical, not a forecast.
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