Corvex, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $242.5M
- Price
- $8.77
- % Change (Daily % change from the live per-ticker quote feed.)
- -4.88%
- Volume
- 56.1K
About
Corvex, Inc. functions as a premier AI cloud computing enterprise, primarily focused on delivering high-performance, GPU-accelerated infrastructure specifically tailored for demanding artificial intelligence workloads. Its comprehensive suite of products features GPU Clusters, Confidential Computing, Inference as a Service (IaaS), and individual GPU Nodes. The firm extends its advanced solutions to a diverse range of clients, including AI model developers, large-scale enterprises, and various federal and sovereign entities. Co-founded by Seth Mitchell Demsey and Jay Crystal on October 21, 2024, the company's central operations are based in Arlington, VA.
Quick stats
Shares outstanding27.6M
Computed float1.5M
Float / shares5.4%
Key info
SectorTechnology
IndustrySoftware - Infrastructure
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001734750
Websitehttp://www.corvex.ai
AI Summary
AI-generated1/15
majormixedearnings
Corvex Reports Second Quarter 2026 Results and Provides Business Update
Corvex reported its first full quarter as an AI infrastructure company, posting $3.8 million in revenue while highlighting $22 million in contracted annualized recurring revenue on live compute.
The company recorded a net loss of $(12.8) million, driven partly by $9.4 million in stock-based compensation related to the March merger, while cash reserves stood at $21.7 million.
Management strengthened the team with new CFO and VP appointments, simplified the capital structure by converting preferred stock to common, and noted the Corvex Token Factory is live in closed alpha.
Red flags
- Net loss of $(12.8) million for the quarter
- Stock-based compensation of $9.4 million represents significant non-cash expense