QumulusAI QMLS
QumulusAI reports $14.44 million net loss for Q3 2026
QumulusAI (QMLS) filed a 10-Q with the SEC on Nov 10, 2026, 4:09 pm ET. Source: the filing on SEC EDGAR.
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0002084026-26-000010
- Revenue: $14.76 million for the three months ended Sep 30, 2026
- Net loss: $14.44 million for the three months ended Sep 30, 2026
- Diluted EPS: -$0.43 for the three months ended Sep 30, 2026
- Cash and equivalents: $31.14 million at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
Going-concern warning repeated
“These factors raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from the issuance of these condensed consolidated financial statements.”
Also in the prior 10-Q (filed Aug 25, 2026). Prior report Prior on EDGAR
Quoted from the filing.
What changed since last quarter
1 new risk factor
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $14.76M | $6.71M | +120% |
| Operating income and margin | −$41.56M · -281.6% | −$7.67M · -114.3% | −442%, margin −167.3 pts |
| Cash | $31.14M | $39.89M | −22% |
New risk factors (1)
- Growth in our GPU-as-a-service business is dependent on the availability of data center capacity, and failure to secure suitable facilities could adversely affect our business and results of operations. +2 more paragraphs