Earnings ·
QumulusAI reports Q3 revenue of $14.8 million, first positive Adjusted EBITDA of $3.7 million
QMLSQumulusAI, Inc.
QumulusAI reported third-quarter 2026 revenue of $14.8 million, a 376% increase from the prior-year period's $3.1 million, driven by compute power sales reaching $14.1 million. The company achieved its first positive Adjusted EBITDA of $3.7 million, compared to a loss of $0.6 million in the same quarter last year. Operating loss widened to $41.6 million from $2.8 million due to increased depreciation and administrative costs associated with public company readiness. Net loss was $14.4 million, which included $32.3 million in non-cash gains from changes in the fair value of convertible notes and related liabilities. The firm also announced that cumulative signed customer contract value surpassed $500 million, reaching $528.7 million, with active capacity at 8 MW. QumulusAI is a distributed AI cloud platform delivering accelerated access to high-performance GPU compute through an inference-first deployment model.