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AI brief of an SEC Form 8-K · Exascale Labs Holdings Inc. (XLAB)

Exascale Labs FY2026 revenue rises 111% to $14.8 million; net loss $12.2 million

Mixed Impact 3 of 5 earnings Written later

Exascale Labs reported fiscal 2026 revenue of $14.8 million, up 111% from $7.0 million, but its net loss widened to $12.2 million from $7.7 million. The loss increase reflects higher operating expenses and a $7.4 million non-cash fair value change on simple agreements for future equity (SAFEs), which converted into Class A common stock when the Nasdaq business combination closed on August 27, 2026, eliminating a $29.1 million liability.

Key points

  • Revenue was $14.8 million versus $7.0 million; revenue from the intelligent computing power service rose 124.0%.
  • Net loss was $12.2 million versus $7.7 million, including a $7.4 million change in fair value of SAFEs.
  • Operating expenses rose to $7.2 million from $4.2 million; gross margin was 16.3% versus 15.8%.
  • Business combination closed August 27, 2026, with approximately $11.8 million in net cash proceeds; shares began trading on Nasdaq as XLAB on August 28, 2026.

The filing

CompanyExascale Labs Holdings Inc. (XLAB)
Form8-K, current report
Filed with the SECSep 28, 2026, 5:11 PM ET
Accession number0001829126-26-010494

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 September 28, 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.