Corvex, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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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 OPERATIONS (UNAUDITED)
Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUE: | ||||
| Revenue - AI Platform and services | $3,801 | $— | $4,277 | $— |
| Revenue - Connected devices and services | — | 103 | 35 | 309 |
| Total revenue | 3,801 | 103 | 4,312 | 309 |
| OPERATING EXPENSES: | ||||
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1) | 2,108 | — | 2,356 | — |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2) | 10 | 362 | 275 | 1,004 |
| Depreciation and amortization | 2,676 | — | 3,003 | — |
| Technology and infrastructure(3) | 1,366 | 1,401 | 2,188 | 3,784 |
| Sales and marketing(4) | 740 | — | 1,041 | — |
| General and administrative(5) | 12,117 | 1,600 | 15,512 | 4,019 |
| Total operating expenses | 19,017 | 3,363 | 24,375 | 8,807 |
| Loss from operations | (15,216) | (3,260) | (20,063) | (8,498) |
| Other (expense) income, net: | ||||
| Interest expense (related party) | (31) | — | (208) | — |
| Interest expense | (135) | — | (148) | — |
| Other income, net | 136 | 35 | 168 | 95 |
| Gain on disposal of assets | 2,501 | — | 2,501 | — |
| Other (expense) income, net | 2,471 | 35 | 2,313 | 95 |
| Loss before income tax expense | (12,745) | (3,225) | (17,750) | (8,403) |
| Income tax expense | (20) | — | (20) | — |
| Net loss | $(12,765) | $(3,225) | $(17,770) | $(8,403) |
| Cumulative dividends on Series A preferred stock | (59) | — | (155) | — |
| Net loss attributable to common stockholders | $(12,824) | $(3,225) | $(17,925) | $(8,403) |
| Net loss per share, basic and diluted | $(5.12) | $(3.05) | $(8.59) | $(8.29) |
| Weighted average shares used in computing net loss per share, basic and diluted | 2,506,295 | 1,058,412 | 2,087,639 | 1,013,122 |
| Amounts include stock-based compensation expense, as follows: | ||||
|---|---|---|---|---|
| (1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | $702 | $— | $795 | $— |
| (2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | — | — | 1 | 1 |
| (3)Technology and infrastructure | 783 | 286 | 1,263 | 381 |
| (4)Sales and marketing | 302 | — | 342 | — |
| (5)General and administrative | 7,601 | 494 | 9,165 | 697 |
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