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AI brief of an SEC Form 8-K · QumulusAI, Inc. (QMLS)

QumulusAI revenue more than doubles to $6.7 million; net loss widens to $22.8 million

Mixed Impact 3 of 5 earnings Written later

QumulusAI reported unaudited results for the quarter ended June 30, 2026, its first quarterly report since trading on the Nasdaq Global Market began July 16, 2026. Revenue rose 118% year over year to $6.7 million, but the company posted a net loss of $22.8 million, compared with net income of $12.1 million a year earlier, due in part to a $19.2 million non-cash loss on convertible notes.

Key points

  • Revenue of $6.7 million, up 118% from $3.1 million; gross margin 67% versus 55%
  • Operating loss of $7.7 million versus $2.2 million, driven by a $5.8 million rise in depreciation and amortization
  • Net loss of $22.8 million, or $0.72 per share, versus net income of $12.1 million
  • Signed 21 new direct customer contracts with aggregate expected take-or-pay value of $169.7 million

The filing

CompanyQumulusAI, Inc. (QMLS)
Form8-K, current report
Filed with the SECAug 25, 2026, 4:16 PM ET
Accession number0001437749-26-028918

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 25, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.