QMLS · QumulusAI, Inc.
$3.72
+0.16 (+4.49%)
At close · Oct 21
Return incl. dividend (before tax)
Going-concern doubt
— cleared Aug 25, 2026
The latest filing states the doubt was alleviated.
“The Company’s plans to alleviate the substantial doubt include receiving access to $19,925,104 in previously restricted cash as a result of the Company’s public listing and completing an additional $15,300,000 draw under the USD.AI protocol. The Company also entered into multiple significant revenue contracts in July 2026 for approximately $103,900,000 in future revenue in which the Company received approximately $20,900,000 in cash deposits. Accordingly, management concluded these plans will alleviate the substantial doubt about the Company’s ability to continue as a going concern for the one-year period extending from the date of issuance of these financial statements.”View the 10-Q filed Aug 25, 2026
Market Cap
$119.11M
Shares
33.46M
Volume · Oct 21
240.53K
Avg daily vol (3M)
469.44K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$3.72
Open$3.74
Day$3.64–3.87
Available close range$3.56–21.43
Avg vol 30d462K
Short int993K · 3.0% float · 1.5d
Short vol63%
Last earningsAug 25, 2026
DataJul 2026–Oct 2026
Filing10-Q · Aug 25
The closing range uses available history since Jul 16, 2026; less than a full year is stored.
Up next
filed Aug 25, 2026
call held Aug 25, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
+117.6%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$39.89M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+19.8%
Year over year · more shares
Price change (1Y)
—
Trailing year
Short interest
3.0%
Latest settlement · 1.5 days to cover
Quarterly results
AI Brief
Q2 FY26 earnings call · Aug 25, 2026
Q2 FY26
TL;DR. QumulusAI reported first results as a public company with Q2 revenue more than doubling year-over-year to $6.7M and gross margin expanding to 66.6%, driven by a 224% increase in deployed GPUs and $169.7M of new signed contracts, while the company posted a $22.8M net loss (including a $19.2M non-cash convertible note charge) and management declined to reaffirm its prior $300M ARR target.
Bullish
- + Gross margin expanded to 66.6% from 55.1%, with GPU activations outpacing colocation costs
- + Deployed GPU fleet grew 224% from 952 to 3,088
- + Signed 21 new direct customer contracts totaling $169.7M in Q2, lifting total signed contract value to $282.5M
- + Direct customers now represent over 96% of recurring revenue, up from less than 10% a year ago
- + Blackwell contracts generating $18-20M annualized revenue per megawatt, up from ~$16M blended
- + Customer prepayments drove H1 operating cash flow of $22.3M and deferred revenue rose $30.5M
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Strong Sell
SellHoldBuy
Technical
Sell
Momentum
Limited
Sentiment
Neutral
Fundamentals
Limited
Quant / Vol
Very High
Market backdrop
VIX 16.7 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 50-day avg
−38%
below
RSI (14)
31
neutral
MACD trend
Negative
52-week position
1%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
Not enough data for a confident read.
Sentiment
smart money
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Flat
No 13F holder data
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
2.97% of float · ▲ +74.2% MoM · 1.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
No 13F holder history
Squeeze score
47
elevated · 0–100
Fundamentals
Not enough data for a confident read.
Quant / Vol
risk profile
Volatility
168%
annualized · 1-yr
Max drawdown
−83%
past year
ATR
18.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 50-day avg
−38%
Bearish
RSI (14)
31
Neutral
MACD trend
Negative
Bearish
52-week position
1%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 1 of 6
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Flat
No 13F holder data
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
2.97% of float · ▲ +74.2% MoM · 1.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
No 13F holder history
Price context
position in its available closing range
Range low $4
Now $4 · 1%
Range high $21
vs 50-day avg -38%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$3,572,270 | Six Months Ended June 30, 2026 | — |
| Aggregate expected take-or-pay contract value of new direct customer AI compute contracts | $169.7M | Q2 2026 | — |
| Cumulative signed customer contract value | $282.5M | Q2 2026 | — |
| Deployed GPU fleet | 3,088 | Q2 2026 | — |
| Direct customer relationships as percentage of recurring revenue base | 96% | Q2 2026 | — |
| HPC capacity under executed lease and colocation agreements | 8 | Q2 2026 | — |
| Operating cash flow | $22.3M | H1 2026 | — |
| Signed new direct customer AI compute contracts | 21 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Infrastructure — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
QMLS
this stock
QumulusAI, Inc.
|
$119.11M | — | — | — | 3.0% |
|
MSFT
Microsoft Corp
|
$3.95T | +10.2% | +6.9% | 29.6 | 0.8% |
|
PLTR
Palantir Technologies Inc.
|
$462.83B | +13.5% | +56.2% | 164.6 | 2.3% |
|
ORCL
Oracle Corp
|
$396.53B | -33.7% | +17.3% | 20.6 | 1.6% |
|
PANW
Palo Alto Networks Inc
|
$278.35B | +88.5% | +29.0% | — | 2.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionShort & Settlement
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| QMLS | -0.5% | -47.8% | — | -42.6% | — |
| SPY | +0.5% | +0.7% | +7.6% | +1.4% | +13.4% |
| vs SPY | -1.0% | -48.4% | — | -44.0% | — |