QumulusAI reported unaudited financial results for the second quarter ended June 30, 2026. Revenue more than doubled year over year to $6.7 million, driven by a 118% increase in compute power revenue. Gross margin expanded to 67%, while operating loss widened to $7.7 million due to increased depreciation and administrative costs associated with public company readiness. The company signed 21 new direct customer contracts valued at $169.7 million, bringing cumulative contracted value to $282.5 million. Net loss was $22.8 million, including a $19.2 million non-cash loss on convertible note issuance. QumulusAI operates in the AI infrastructure industry, providing distributed high-performance GPU compute capacity.