Corvex
Dedicated GPU infrastructure and secure inference services for AI workloads.
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Profile
Provides reserved GPU compute, storage, managed infrastructure, and secure inference services for AI training and inference under fixed-term customer contracts. Also retains a reduced-scale connected-device business while evaluating disposal of those legacy healthcare assets.
Operates dedicated, GPU-accelerated infrastructure for AI training and inference through AI Factories and GPU Clusters. Deployments can use managed Kubernetes or bare metal across cloud, on-premise, multi-tenant, and single-tenant configurations, with current NVIDIA systems in data-center deployments.
Contracts reserved compute and storage capacity for fixed terms, together with support services, rather than charging solely for usage. Confidential Computing uses trusted execution environments, encryption, key exchange, and remote attestation intended to protect model weights and data during processing; Corvex Ignite provides dedicated, OpenAI-compatible inference endpoints.
Also retains the Wellness Ring and FDA-cleared EvieMED Ring business, operated at reduced capacity while disposal options are evaluated. Operations depend on GPU supply, power and leased data-center capacity. A single AI-cloud customer accounted for most reported revenue.
Company facts
Categories
Key statistics
Year to date +30.0% · Average volume (30d) 324.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | −$3.17 | −$5.12 | −61.5% | $6.7M | $3.8M | −43.4% | −13.31% |
| May 19, 2026Q1 FY26 | −$2.65 | −$3.13 | −18.1% | $7.6M | $510.0K | −93.3% | +7.61% |
| Mar 31, 2026Q4 FY25 | −$4.93 | −$4.77 | +3.3% | $4.8M | $44.0K | −99.1% | −14.64% |
| Nov 14, 2025Q3 FY25 | −$7.10 | −$4.73 | +33.4% | $3.4M | $80.0K | −97.7% | −5.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $206.0K | $103.0K | $80.0K | $44.0K | $510.0K | $3.8M | |
| Gross profit | −$2.8M | −$259.0K | −$200.0K | −$945.0K | −$824.0K | −$993.0K | |
| Operating income | −$5.2M | −$3.3M | −$2.6M | −$4.4M | −$4.8M | −$15.2M | |
| Net income | −$5.2M | −$3.2M | −$4.0M | −$5.9M | −$5.0M | −$12.8M | |
| Diluted EPS | −$0.73 | −$0.41 | −$0.05 | −$4.77 | −$2.30 | −$5.12 | |
| Gross margin | -1,359.2% | -251.5% | -250.0% | -2,147.7% | -161.6% | -26.1% | |
| Operating margin | -2,542.7% | -3,165.0% | -3,238.8% | -10,031.8% | -950.4% | -400.3% |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $1.0M · FY25 $433.0K
Balance sheet, Jun 30, 2026Cash & short-term investments $21.7M · Total debt $15.0M · Total assets $599.3M · Shareholders' equity $573.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 758.7K · Float 479.0K · 63.1% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 27, 2026 | Jeremy Cogan | officer: CFO | −28,736 | $20.78 |
| Jan 27, 2026 | John Mastrototaro | director, officer: Chief Executive Officer | −33,069 | $20.80 |
| Jan 14, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −6,845 | $6.66 |
| Jan 13, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −2,076 | $6.94 |
| Jan 12, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −3,377 | $7.01 |
Peers
- CoreWeave
Closest GPU-neocloud rival in dedicated AI capacity.
- Amazon
Global GPU cloud and managed AI-platform rival.
- Microsoft
Azure GPU infrastructure and AI platform for enterprise workloads.
- Alphabet Class A
GCP GPU infrastructure and managed AI services rival.
- Nebius
GPU-neocloud rival for managed training and inference.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Corvex | $11.36 | −0.48% | $8.7M | — | — | 2.0 | −1.9% |
| CoreWeave | $84.03 | −0.27% | $45.95B | — | — | 6.1 | +112.3% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Nebius | $208.64 | −0.26% | $50.20B | — | — | 37.0 | +454.0% |
| Median | 21.4 | 26.2 | 9.4 | +24.2% |