QumulusAI Q2 FY26 net loss turns to USD 22.8 million; revenue more than doubled to USD 6.7 million

Reuters2026/08/26 09:53

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QumulusAI posted Q2 revenue of USD 6.7 million, up 118% year over year; compute power revenue rose to USD 5.6 million.
Gross margin expanded 11.5 percentage points to 67% as GPU activations lifted revenue faster than colocation costs.
Operating loss widened to USD 7.7 million on higher depreciation and amortization tied to expanded HPC infrastructure.
Net loss was USD 22.8 million, swinging from profit, including a USD 19.2 million non-cash loss on issuance of convertible notes.
Deployed GPU fleet climbed to 3,088 from 952; cumulative signed customer contract value reached USD 282.5 million.

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. QumulusAI Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-028918), on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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QumulusAI Q2 FY26 net loss turns to USD 22.8 million; revenue more than doubled to USD 6.7 million

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