QumulusAI — Third Quarter 2026 Earnings Summary

QumulusAI reported third-quarter 2026 revenue of $14.8 million, representing a 376% increase from the prior year period and doubling sequentially for the second consecutive quarter. The company achieved its first positive Adjusted EBITDA of $3.7 million, driven by a 96% revenue contribution from compute power services. Cumulative signed customer contract value surpassed $500 million, reaching $528.7 million, while active capacity expanded to 8 MW with new agreements covering over 2,000 NVIDIA Blackwell B300 GPUs. Despite a net loss of $14.4 million, the period included $32.3 million in non-cash gains from changes in the fair value of convertible notes and related liabilities.