QumulusAI Q2 FY26 net loss turns to USD 22.8 million; revenue more than doubled to USD 6.7 million - QMLS News | RalliesQumulusAI Q2 FY26 net loss turns to USD 22.8 million; revenue more than doubled to USD 6.7 million
Q
QMLS• Q2 revenue more than doubles on higher compute power sales
- 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.
•
