Corvex, Inc. 1Q 2026: Revenue $510K, EPS ($3.13) — 10-Q Summary
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Corvex, Inc. reported first-quarter 2026 results marked by revenue growth tied to its recent AI cloud operations acquisition, while remaining net loss and negative EPS reflected ongoing integration and investment costs.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $510K | $206K | 147.6% |
| Net income² | ($5.1M) | ($5.18M) | 1.5% |
| Diluted EPS³ | ($3.13) | ($5.35) | 41.5% |
¹ Reported as “Total revenue”. ² Reported as “Net loss attributable to common stockholders”. ³ Reported as “loss per share, basic and diluted”.
Business Highlights
- Revenue growth to $0.51M in Q1 2026 was driven by $0.475M from newly acquired AI cloud operations following the March 19, 2026 merger.
- The company pivoted from legacy healthcare wearables to AI cloud computing as part of the merger and integration of Corvex OpCo.
- Launched AI platform offerings including GPU clusters and confidential computing; Token Factory remains in development.
- Integration and scale-up investments increased depreciation and G&A, with R&D and sales spending being reallocated to support the AI platform.
Original SEC Filing: Corvex, Inc. [ MOVE ] - 10-Q - May. 19, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.