Earnings ·
Exascale Labs reports $14.8M fiscal 2026 revenue, up 111% year over year
XLABExascale Labs Holdings Inc.
Exascale Labs Holdings Inc. reported fiscal year 2026 revenue of $14.8 million, a 111% increase from $7.0 million in the prior year, driven by its GPU-as-a-Service platform. The company posted a net loss of $12.2 million compared to $7.7 million previously, with operating expenses rising to $7.2 million due to increased R&D and G&A costs. Gross profit reached $2.4 million on a 16.3% margin. Following the August 2026 business combination with D. Boral ARC Acquisition I Corp., Exascale commenced trading on Nasdaq under ticker XLAB and secured approximately $11.8 million in net cash proceeds. The company appointed Jake Carney as CFO effective September 25, 2026, and announced strategic partnerships including an LOI with Compal Electronics for 800 VDC validation platforms and an MOU with EnergyBank for floating offshore wind-powered AI compute. Exascale Labs Holdings Inc. operates in the artificial intelligence infrastructure industry, providing software-defined GPU compute and related data center solutions.