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QumulusAI — Third Quarter 2026 Earnings Summary

  • Revenue surged 376% year-over-year to $14.8 million, driven by a 96% revenue mix in compute power, while Adjusted EBITDA turned positive at $3.7 million compared to a $0.6 million loss in the prior year period.
  • The company secured $240.9 million in new three-year take-or-pay agreements for over 2,000 NVIDIA Blackwell B300 GPUs, bringing cumulative signed contract value to $528.7 million, with $32.3 million in non-cash gains offsetting a net loss of $14.4 million.
  • Management indicated the third quarter represented an early revenue ramp with significant capacity coming online in Q4 2026, including 0.5 MW in Columbia, SC, and 1.2 MW in Denver scheduled for Q1 2027.
  • Forward-looking guidance will be provided during the quarterly earnings conference call, while the company noted substantial capital requirements and risks related to power availability, hardware costs, and dependence on a limited customer base.
Company
QUMULUSAI INC
Sector
Technology
Industry
Software - Infrastructure