OakChart

QumulusAI Inc

QMLSTechnology·Software - Infrastructure·USA·Micro·NASD·Nov 11 • 3:59 PM ET

3.22+0.15 (4.89%)
2026-11-12 00:27 CET
Market cap
102.72 USD m
Revenue, TTM
14.76 USD m
Net income, TTM
-14.46 USD m
Free cash flow, TTM
-54.08 USD m
EPS diluted, TTM
-0.42
P/E
-
Compare

Price

QMLS against its 20 and 50-day averages
2050missearnings
10.0020.0030.0040.001.2M2.4MVolumeJul 26Aug 26Sep 26Oct 26Nov 26QMLSclose 3.2220-day 3.4250-day 5.063.2252w high

91.5% under the 52-week high of 38.00 on 16 Jul 2026. 52-week low 2.58 on 5 Nov 2026. Last 15 sessions, 54.1% high to low

Volume 1.01× normal · the line is the 50-bar volume average

Profile

QMLS
52-week range, 2% of the way up
2.5838.00

QumulusAI, Inc. is a cloud infrastructure company. It engages in rapid deployment of graphics processing unit powered solutions for artificial intelligence applications. Its platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers and also supports the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity. The company was founded in 2019 and is headquartered in Atlanta, GA.

Employees25
IPOJul 16, 2026
ATR, 14d0.56
Rel volume1.01
Short float8.93%
Insider own61.53%
Inst own13.34%

Snapshot

6 groups

Valuation

Index-
Market Cap107.74M
Enterprise Value328.89M
Income-91.82M
Sales-
Book/sh0.65
Cash/sh0.93
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees25
IPOJul 16, 2026

Ratios

P/E-
Forward P/E-
PEG-
P/S-
P/B4.93
P/C3.46
P/FCF-
EV/EBITDA-
EV/Sales-
Quick Ratio0.58
Current Ratio0.58
Debt/Eq11.01
LT Debt/Eq8.00
Option/ShortNo / Yes

Earnings

EPS (ttm)-2.76
EPS next Y-
EPS next Q-0.32
EPS this Y-
EPS next Y-
EPS next 5Y-
EPS past 3/5Y-174.59% -
Sales past 3/5Y52.03% -
EPS Y/Y TTM-
Sales Y/Y TTM-
EPS Q/Q-213.02%
Sales Q/Q378.22%
EarningsNov 10 AMC
EPS/Sales Surpr.-26.47% -4.17%

Ownership

Insider Own61.53%
Insider Trans0.00%
Inst Own13.34%
Inst Trans131.67%
ROA-
ROE-
ROIC-
Gross Margin-
Oper. Margin-
Profit Margin-
SMA20-5.84%
SMA50-36.37%
SMA200-45.99%
Trades-

Technical

Shs Outstand34.70M
Shs Float12.87M
Short Float8.93%
Short Ratio2.81
Short Interest1.15M
52W High38.00 -91.53%
52W Low2.58 24.81%
Volatility16.37% 11.89%
ATR (14)0.56
RSI (14)39.37
Beta-
Rel Volume1.01
Avg Volume409.16K
Volume415,195

Performance

Perf Week-3.59%
Perf Month-21.08%
Perf Quarter-55.46%
Perf Half Y-
Perf YTD-91.53%
Perf Year-
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom1.00
Target Price10.33
Prev Close3.07
Price3.22
Change %4.89%

Analyst ratings

latest 3 of 3
DateActionAnalystRating changeTargetImplied
Oct 21, 2026InitiatedRB. Riley SecuritiesBuy$11+241.6%
Oct 16, 2026InitiatedCCompass PointBuy$9+179.5%
Aug 12, 2026InitiatedCChardan Capital MarketsBuy$24.50+660.9%

Peers

Mkt cap
TickerCompanyMkt cap
AIBZBitzero Holdings Inc186.13M
WYFIWhitefiber Inc472.28M
HIVEHIVE Digital Technologies Ltd479.99M
SLNHSoluna Holdings Inc142.67M
CRWVCoreWeave Inc33.52B
DGXXDigi Power X Inc232.70M
CIFRCipher Digital Inc3.24B
APLDApplied Digital Corp5.42B
FUFUBitFuFu Inc143.41M
IRENIREN Ltd8.84B

Insider trading

5 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Gahan Patrick JosephDirectorOct 30 '26Option Exercise3.0035,801107,403615,564Nov 02 06:13 PM
Gahan Patrick JosephDirectorOct 30 '26Option Exercise3.303641,201212,576Nov 02 06:13 PM
Krosnowski Scott CarrollChief Financial OfficerOct 30 '26Option Exercise0.7888,76669,470443,246Nov 02 05:02 PM
Schwartz Barry PaulDirectorNov 02 '26Option Exercise0.69479331113,512Nov 02 04:39 PM
Hunton Stephen EricChief Marketing OfficerOct 29 '26Option Exercise0.692,9982,069210,294Nov 02 04:26 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VXFVanguard Extended Market Index ETFAUM: 30.47B

News

latest 14 of 62
  • QumulusAI Doubles Revenue Again But Misses Estimates As Capacity Timing, Not Demand, Limits The Ramp (Earnings Whispers)
  • QumulusAI Reports Third Quarter 2026 Results (Business Wire)
  • QumulusAI Secures a Contracted 1.2 MW of Colocation Capacity in Denver, Ready for Service by Q1 2027 (Business Wire)
  • QumulusAI Faces A Steep Revenue Test As Street Bets On Near-Tripling Of Sales (Earnings Whispers)
  • QumulusAI to Report Third Quarter 2026 Financial Results on Nov. 10, 2026 (Business Wire)
  • QumulusAI Contracts 0.5 MW of Data Center Capacity in Columbia, South Carolina (Business Wire) +11.32%
  • Anthropics 97-page list of business risks is quadruple the length of other AI IPOs. Whats on it: Weapons, blackmail, and more (FastCompany) +9.87% +6.67%
  • QumulusAI Expands Closed Lease Financing With TFC to $123.6 Million, Funding Its NVIDIA Blackwell GPUs Without New Equity (Business Wire) -8.33%
  • QumulusAI Puts $71.9 Million Blackwell Agreement into Production; Signed Customer Contracts Surpass $500 Million (Business Wire) +9.09%
  • QumulusAI stock falls amid $240.9M Nvidia GPU contracts (Investing.com) -8.80%
  • QumulusAI Signs $240.9 Million in New AI Inference Customer Contracts for NVIDIA Blackwell B300 Capacity (Business Wire)
  • Agentic AI Can Raise Token Use per Task Up to 100 Times, Accelerating the Shift Away From Per-Token Pricing, Futurum Research Finds (Business Wire)
  • QumulusAI Completes B200 Deployment Under Its $71.9 Million Contracted Blackwell Agreement (Business Wire) -5.25%
  • QumulusAI Completes NVIDIA Blackwell B300 Deployment, Activating $18 Million Take-or-Pay Agreement (Business Wire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-10-0.430-0.340-0.41714.7615.403
2026Q22026-08-25-0.720-0.350-0.6846.713.231
2026Q12026-06-03-0.200--1.5023.42--
2026Q4---0.320--31.573
2027Q1---0.380--34.651
2027Q2---0.540--47.051
2027Q3---0.200--60.651
2027Q4---0.190--63.951
2028Q1---0.190--67.601
2028Q2---0.150--72.351
2028Q3---0.120--77.851
2028Q4---0.080--82.851

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
No annual earnings.

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-1130331.5730.1032.90
2026Q4S2026-11-1030131.9730.8032.90
2026Q4S2026-10-2630131.9730.8032.90
2026Q4S2026-10-1931038.0630.8051.17
2026Q4S2026-10-1521041.6932.2051.17
2026Q4S2026-08-2611051.1751.1751.17
2026Q4S2026-08-1010048.1748.1748.17
2026Q4R2026-11-11101-0.46-0.46-0.46
2026Q4R2026-11-10100-0.12-0.12-0.12
2026Q4R2026-10-15100-0.12-0.12-0.12
2026Q4E2026-11-11303-0.32-0.46-0.17
2026Q4E2026-11-10301-0.16-0.20-0.12
2026Q4E2026-10-26301-0.16-0.20-0.12
2026Q4E2026-10-19310-0.09-0.200.05

Estimate history

EPS, annual-0.378-0.401-2.85-2.7582
Period202320242025TTM
EPS, quarterly-0.161-0.0550.369-0.156-1.502-0.684-0.417
PeriodQ4 '24Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual5.1258.09611.846
Period202320242025
Sales, quarterly1.9421.8713.0853.7883.426.71314.755
PeriodQ4 '24Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual32.86832.86832.86834.699
Period202320242025MRQ
Shares, quarterly32.86832.86832.86832.86832.86833.45934.699
PeriodQ4 '24Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Total Revenue14.7611.858.105.12
Cost of Goods Sold Incl. D&A28.3212.1012.5411.29
Gross Profit-13.56-0.26-4.44-6.17
Selling, General and Administrative Excl. Other27.9910.003.352.01
Other Operating Expense0.000.000.000.00
Operating Income-41.56-10.26-7.79-8.18
Interest Expense5.371.931.121.25
Unusual Expense-32.33-6.852.461.53
Net Income Before Taxes-14.41-4.04-13.18-11.79
Income Taxes0.040.420.000.63
Consolidated Net Income-14.44-4.46-13.18-12.43
Net Income From Continuing Operations-14.46-4.29-13.18-12.43
Net Income-14.46-93.68-13.18-12.43
EPS (Recurring)-1.07-3.00-0.35-0.35
EPS (Basic, Before Extraordinaries)-0.42-2.85-0.40-0.38
EPS (Diluted)-0.42-2.85-0.40-0.38
EBITDA-17.40-4.47-0.53-0.47
Non-Operating Income (Expense)0.191.30-1.82-0.84
Other After Tax Adjustments0.000.000.000.00
Stock Option Compensation Expense3.100.730.31-0.00
Gross Margin--2.18-54.84-120.36
Operating Margin--86.61-96.17-159.57
Net Margin--790.79-162.86-242.45
Shares Outstanding34.7032.8732.8732.87
Market Capitalization102.72102.72--

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q22025Q12024Q4
Total Revenue14.766.713.423.793.091.871.94
Cost of Goods Sold Incl. D&A28.3212.944.804.502.451.692.67
Gross Profit-13.56-6.22-1.38-0.710.640.18-0.72
Selling, General and Administrative Excl. Other27.991.454.143.682.821.111.17
Other Operating Expense0.000.000.000.000.000.000.00
Operating Income-41.56-7.67-5.53-4.39-2.18-0.93-1.90
Interest Expense5.372.050.540.480.600.340.22
Unusual Expense-32.3313.0156.23-14.04-0.010.822.86
Net Income Before Taxes-14.41-22.84-49.74-5.1512.40-1.82-5.28
Income Taxes0.04-0.06-0.120.140.290.000.00
Consolidated Net Income-14.44-22.78-49.62-5.2912.12-1.82-5.28
Net Income From Continuing Operations-14.46-22.88-49.37-5.1212.12-1.82-5.28
Net Income-14.46-22.88-49.37-5.1212.12-1.82-5.28
EPS (Recurring)-1.07-0.41-0.30-0.450.37-0.04-0.10
EPS (Basic, Before Extraordinaries)-0.42-0.68-1.50-0.160.37-0.06-0.16
EPS (Diluted)-0.42-0.68-1.50-0.160.37-0.06-0.16
EBITDA-17.403.02-2.03-2.04-0.68-0.43-0.46
Non-Operating Income (Expense)0.19-0.1112.55-14.3215.170.27-0.30
Other After Tax Adjustments0.000.000.000.000.000.000.00
Stock Option Compensation Expense3.100.090.100.100.180.020.06
Gross Margin-91.92-92.71-40.43-18.7920.729.52-37.24
Operating Margin-281.64-114.27-161.60-115.96-70.70-49.65-97.62
Net Margin-98.00-340.79-1,443.48-135.18392.77-97.39-272.06
Shares Outstanding34.7033.4632.8732.8732.8732.8732.87
Market Capitalization102.72218.48-----

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY
Cash & Short Term Investments11.714.360.63
Short Term Receivables0.060.220.33
Inventories0.000.000.00
Other Current Assets1.130.200.04
Total Current Assets12.914.791.00
Net Property, Plant & Equipment20.944.2911.83
Total Investments and Advances4.238.667.74
Long-Term Note Receivable0.000.140.00
Intangible Assets38.690.510.22
Other Assets14.981.970.31
Total Assets91.7320.3521.10
Short Term Debt Incl. Current Port. of LT Debt7.284.520.92
Accounts Payable1.250.800.91
Income Tax Payable0.420.00-
Other Current Liabilities3.193.262.96
Total Current Liabilities12.148.584.79
Long Term Debt12.927.5410.67
Provision for Risks Charges0.000.000.00
Other Liabilities1.384.822.95
Total Liabilities26.4420.9418.42
Non-Equity Reserves0.000.000.00
Preferred Stock - Carrying Value0.0030.2521.69
Common Equity62.17-30.84-19.02
Total Shareholders Equity62.17-0.592.68
Accumulated Minority Interest3.120.000.00
Total Equity65.29-0.592.68
Total Liabilities & Stockholders Equity91.7320.3521.10
Book Value Per Share1.89-0.94-0.58
Tangible Book Value Per Share0.71-0.95-0.59
Full-Time Employees2526-
Price to Book Ratio-28.79--
Return on Assets-7.65-63.63-
Return on Equity-13.93-1,263.81-
Return on Invested Capital-5.71-189.76-93.06
Quick Ratio1.060.560.21
Current Ratio1.060.560.21

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Net Income-14.44-4.46-13.18-12.43
Depreciation14.905.797.267.71
Other Funds (Non Cash)1.88-3.306.352.53
Funds from Operations2.38-1.540.43-1.56
Extraordinary Item0.000.000.000.00
Changes in Working Capital29.59-0.90-1.200.65
Cash from Operating Activities31.97-2.44-0.77-0.91
Capital Expenditures-86.05-3.93-1.52-0.50
Net Assets From Acquisitions0.180.000.000.00
Sale of Fixed Assets and Businesses5.025.450.000.24
Purchase or Sale of Investments1.020.00-0.42-0.88
Purchase of Investments0.590.00-0.64-0.88
Sale Or Maturity of Investments0.420.000.230.00
Other Uses-5.53-11.37-1.33-0.30
Other Sources0.001.070.151.37
Cash from Investing Activities-85.36-8.79-3.12-0.06
Cash Dividends Paid0.00-0.040.000.00
Preferred Dividends (Cash Flow)0.00---
Change in Capital Stock0.0127.908.600.50
Repurchase of Common Pref Stock0.00-0.290.000.00
Sale of Common Pref Stock0.0128.208.600.50
Proceedsfrom Stock Options0.0028.018.600.50
Issuance or Reduction of Debt, Net44.62-8.89-1.37-0.39
Change in Long Term Debt43.23-8.59-1.66-0.39
Issuance of Long Term Debt68.360.010.000.00
Reduction of Long Term Debt-25.12-8.60-1.66-0.39
Net Financing Active Other Cash Flow0.000.000.000.00
Other Financing Activities Uses0.000.000.000.00
Cash from Financing Activities44.6318.987.230.11
Net Change in Cash-8.767.743.34-0.85
Free Cash Flow-54.08-6.38-2.30-1.41
Deferred Taxes & Investment Tax Credit-0.420.000.63

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q22025Q1
Cash & Short Term Investments31.1439.8926.3911.713.98-
Short Term Receivables30.6511.061.610.060.09-
Inventories0.000.000.000.000.00-
Other Current Assets6.432.251.421.130.80-
Total Current Assets68.2153.2029.4112.914.87-
Net Property, Plant & Equipment277.30119.3250.6220.9416.18-
Total Investments and Advances1.081.000.004.235.07-
Intangible Assets38.6438.6438.6938.6938.71-
Other Assets8.822.831.3614.982.21-
Total Assets394.06215.00120.0891.7367.04-
Short Term Debt Incl. Current Port. of LT Debt68.3223.235.887.287.06-
Accounts Payable7.847.552.381.252.13-
Income Tax Payable0.270.240.300.420.29-
Other Current Liabilities40.8335.504.583.193.28-
Total Current Liabilities117.2766.5113.1412.1412.76-
Long Term Debt181.39107.5955.2512.9214.62-
Provision for Risks Charges0.000.000.000.000.00-
Other Liabilities70.1541.6933.961.385.51-
Total Liabilities368.81215.78102.3526.4432.89-
Non-Equity Reserves0.000.000.000.000.00-
Preferred Stock - Carrying Value0.000.000.000.0033.61-
Common Equity22.67-3.5714.8662.170.54-
Total Shareholders Equity22.67-3.5714.8662.1734.15-
Accumulated Minority Interest2.582.792.873.120.00-
Total Equity25.25-0.7817.7365.2934.15-
Total Liabilities & Stockholders Equity394.06215.00120.0891.7367.04-
Book Value Per Share0.65-0.110.451.890.02-
Tangible Book Value Per Share-0.46-1.26-0.730.71-1.16-
Full-Time Employees--2925--
Price to Book Ratio-28.79-61.24----
Return on Invested Capital-7.09-21.99-70.41-6.8224.85-
Quick Ratio0.580.802.241.060.38-
Current Ratio0.580.802.241.060.38-

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q22025Q1
Net Income-14.44-22.78-49.62-12.12-1.82
Depreciation14.906.912.70-1.500.50
Other Funds (Non Cash)1.8815.0844.13--12.910.70
Funds from Operations2.38-0.84-2.91-0.99-0.62
Extraordinary Item0.000.000.00-0.000.00
Changes in Working Capital29.5925.550.51-1.13-0.39
Cash from Operating Activities31.9724.71-2.40-2.11-1.00
Capital Expenditures-86.05-34.49-16.48--0.83-0.18
Net Assets From Acquisitions0.18-0.180.00-0.000.00
Sale of Fixed Assets and Businesses5.02-16.5617.30-1.540.91
Purchase or Sale of Investments1.0215.560.00-0.000.00
Purchase of Investments0.59-1.000.00-0.000.00
Sale Or Maturity of Investments0.4216.560.00-0.000.00
Other Uses-5.53-1.47-0.00--0.310.00
Other Sources0.000.000.00-0.000.68
Cash from Investing Activities-85.36-37.150.81-0.401.40
Cash Dividends Paid0.000.000.00-0.000.00
Preferred Dividends (Cash Flow)0.000.000.00-0.000.00
Change in Capital Stock0.014.061.93-0.121.78
Repurchase of Common Pref Stock0.000.000.00-0.000.00
Sale of Common Pref Stock0.014.061.93-0.121.78
Proceedsfrom Stock Options0.004.051.93-0.121.78
Issuance or Reduction of Debt, Net44.6221.8814.33--1.05-3.75
Change in Long Term Debt43.2323.2714.33--0.75-3.75
Issuance of Long Term Debt68.3629.3917.43-0.000.00
Reduction of Long Term Debt-25.12-6.12-3.10--0.75-3.75
Net Financing Active Other Cash Flow0.000.000.00-0.000.00
Other Financing Activities Uses0.000.000.00-0.000.00
Cash from Financing Activities44.6325.9416.26--0.93-1.97
Net Change in Cash-8.7613.5114.67-1.58-1.57
Free Cash Flow-54.08-9.78-18.88-1.28-1.19

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-308.93%1.1M12.9M406.13K
2026-10-159.53%1.2M12.9M482.60K
2026-09-307.04%1.0M14.1M502.67K
2026-09-154.04%0.6M14.1M461.90K
2026-08-313.61%0.5M14.1M525.33K
2026-08-142.26%0.4M16.0M578.43K
2026-07-311.98%0.3M15.9M644.69K

Option chain

expiry 2026-11-11
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
No option chain for this symbol.

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-108-KCurrent report2026-11-10SEC
2026-11-03SCHEDULE 13GSEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-10-203/A2026-07-14SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-228-KCurrent report2026-09-22SEC
2026-09-034Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
WPG Advisers, LLC5.27%
Diversified Trust Co1.18%
GEODE CAPITAL MANAGEMENT, LLC0.52%
UBS Group AG0.30%
BIP Wealth, LLC0.18%
CHOREO, LLC0.17%
Creative Planning0.08%
McKinley Carter Wealth Services, Inc.0.07%
BANK OF MONTREAL /CAN/0.06%
Gerber Kawasaki Wealth & Investment Management0.05%

Funds

Fund% owned
-

OakChart. QMLS. Cached 15 minutes.