Corvex, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
MOVE$4.96-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(17,770) | $(8,403) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 3,813 | 75 |
| Stock-based compensation | 11,566 | 1,079 |
| Amortization of debt discount (related party) | 118 | – |
| Noncash lease expense | 1,303 | 8 |
| Gain on disposal of assets | (2,501) | – |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable | (221) | – |
| Inventory | (42) | (433) |
| Prepaid expenses and other current assets | (4,012) | 144 |
| Other assets | 46 | (10) |
| Accounts payable | (953) | 775 |
| Deferred revenue | (611) | (31) |
| Other current and noncurrent liabilities | – | (603) |
| Operating lease liabilities, net | (1,449) | – |
| Accrued liabilities | 1,151 | – |
| Net cash used in operating activities | (9,562) | (7,399) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (6,481) | – |
| Capitalized internal use software | (409) | – |
| Cash acquired in business combination | 36,678 | – |
| Net cash provided by investing activities | 29,788 | – |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payments on finance lease liabilities | (1,836) | – |
| Issuance of common stock, net of issuance costs | 478 | 1,606 |
| Net cash (used in) provided by financing activities | (1,358) | 1,606 |
| Net increase (decrease) in cash and cash equivalents | 18,868 | (5,793) |
| Cash and cash equivalents at beginning of period | 2,827 | 7,902 |
| Cash and cash equivalents at end of period | 21,695 | 2,109 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | $1 | $– |
| Cash paid for taxes | $– | $– |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Transaction expense adjustments | $207 | $– |
| Business acquired by issuance of equity instruments | $581,955 | $– |
| Bridge Loan (Related Party) extinguishment (Note 9) | $4,663 | $– |
| ROU assets obtained in exchange for lease liabilities | $1,948 | $– |
| Common shares issued from conversion of Series B Preferred shares | $2,576 | $– |
| Par value adjustment for stock splits and stock dividend | $10 | $– |
| Change in accrued capital expenditure | $133 | $– |
| Stock based compensation capitalized into internal use software | $303 | $– |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.