Corvex — Third Quarter 2026 Earnings Summary

Corvex, Inc. reported third-quarter 2026 financial results showing total revenue of $5.0 million, a 31% increase from the previous quarter, driven by its AI platform and services following the transfer of legacy healthcare assets. The company secured approximately 8 MW of critical IT capacity, with 1.5 MW currently live supporting $22 million in contracted annual recurring revenue, while expanding operations at Mid-Atlantic 1 and Midwest-1 facilities. Despite the revenue growth, the company recorded a net loss of $17.5 million for the quarter, or $0.60 per share, largely due to $11.3 million in stock-based compensation expenses. Corvex also raised approximately $33 million through a private placement and launched its Corvex Token Factory platform to enable serverless inference for open-weight models.