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Corvex Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Corvex holds $604.5M in total assets. Shareholders' equity is $576.0M against $22.8M in total debt. Cash and equivalents total $28.9M. The current ratio is 2.14 and debt-to-equity is 0.040. Based on the Q1 2026 filing.

Total Assets$604.5MTotal Stockholders Equity$576.0MLong Term Debt$289.0KCash And Equivalents$28.9MTotal Current Assets$37.9MTotal Current Liabilities$17.7M
Latest FilingQ1 2026
Report Date2026-05-19
Market Cap$1.2B
ROE-6.25%

Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accounts payable$2.5M$2.8M$2.9M$3.5M$3.7M—
Accrued compensation$309.0K$135.0K$454.0K$133.0K$364.0K—
Accrued expenses$439.0K$242.0K$197.0K$683.0K$1.5M—
Accrued Progress Collections and Price Adjustments————$2.2M—
Other Commercial Liabilities———$683.0K$1.5M—
Contract liabilities$18.0K$36.0M$8.0K$12.0K$2.2M—
Accrued Liabilities, Current———$683.0K$1.5M—
Accrued Vacation Current$263.0K$147.0K$108.0K$78.0K$43.0K—
Current portion of mortgage and loans payable———$4.4M$4.5M—
Other accrued liabilities$1.5M$831.0K$1.1M$683.0K$1.5M—
Current portion of long-term debt$18.0K$18.0K$19.0K$18.0K$3.9M—
Deferred revenue$18.0K$5.0K$8.0K$12.0K$2.2M—
Finance Lease Liability, Current$18.0K$18.0K$19.0K—$3.9M—
Finance Lease Liability Payment Due———$570.0K$11.2M—
Finance Lease Liability - Undiscounted Excess Amount———$50.0K$737.0K—
Lease Liability Payments - 2020 (Remaining Three Months)$212.0K$142.0K$71.0K—$1.6M—
Lease Liability Payments - 2021———$290.0K$4.3M—
Operating Lease Liability Payments - 2024 (Lessee)$280.0K$280.0K$280.0K—$829.0K—
Operating Lease Liability Payments - 2025 (Lessee)$280.0K$280.0K$280.0K—$829.0K—
Lease Liability Payments - Due Year Two$280.0K$280.0K$280.0K$280.0K$3.6M—
Lease Liability Payments - Remainder of Fiscal Year$290.0K$290.0K$290.0K—$3.2M—
Note payable to DIRECTV$1.5M$831.0K$1.1M$683.0K$1.5M—
Notes Payable——$1.5M———
Operating lease liabilities, current$188.0K$208.0K$228.0K$253.0K$1.9M—
Operating Lease Liability Payments Due$782.0K$712.0K$641.0K—$4.2M—
Operating Lease Liability - Undiscounted Excess Amount$117.0K$90.0K$62.0K—$237.0K—
Other current liabilities————$443.0K—
Professional Service Fees Payable———$201.0K$787.0K—
Short-term borrowings———$4.5M$4.5M—
Total current liabilities$4.1M$3.6M$6.9M$8.8M$17.7M—

Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accounts receivable, net————$1.5M—
Other Current Assets Acquired in Business Combination————$596.0K—
Cash and cash equivalents$684.0K$322.0K$293.0K$467.0K$28.9M—
Prepaid expenses and other————$3.4M—
Inventories$2.3M$2.5M$2.5M$1.8M$1.8M—
Prepaid expenses and other current assets$246.0K$238.0K$276.0K$394.0K$5.3M—
Total current assets$6.9M$4.9M$4.9M$5.0M$37.9M—

Equity

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Additional paid-in capital$156.5M$158.1M$158.8M$162.9M$172.9M—
Common stock500M500M500M500M500M—
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00—
Common Stock Shares Issued7M8.3M834.9K1.2M1.9M1.4
Convertible Preferred Stock Authorized Shares5M5M5M5M5M—
Convertible Preferred Stock Issued Shares———3K56.6K—
Convertible Preferred Stock Outstanding Shares———3K56.6K—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$10.0K$10.0K$10.0K$10.0K——
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding————$574.5M—
Preferred stock————$574.5M—
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00—
Retained earnings-$153.3M-$156.5M-$160.5M-$166.4M-$171.4M—
Share-Based Payment - Nonvested Awards (Number)————6.2M—
Share-Based Payment Award Options Outstanding - Number773.7K773.7K69.7K439.5K8.8M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$1100000.00$800000.00$500000.00$47000000000.00$10.66—
Shares Reserved for Future Issuance Under Stock Plans5.1M5.7M651.9K1.5M71M—
Total liabilities and stockholders' equity$7.8M$5.7M$5.6M$5.6M$604.5M—
Total stockholders' equity$3.2M$1.6M-$1.7M-$3.5M$576.0M—
Warrants and Rights Outstanding481.9K3.5M345.5K467.4K458.7K—

Non-Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Assets Acquired in Business Combination————$602.2M—
Deferred tax assets———$1.9M——
Deferred Tax Assets and Other Non-Current Assets$112.0K$108.0K$102.0K$175.0K$92.0K—
Deferred Tax Assets - Tax Credit Carryforwards———$1.1M——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)————$1.3M—
Finite Lived Intangible Assets - Gross————$15.4M—
Goodwill————$518.3M—
Indefinite-Lived Research and Development Assets———$1.4M——
Intangible assets, net————$15.4M—
Net Investment in Lease$555.0K$509.0K$463.0K$415.0K$3.8M—
Net Operating Loss Carryforwards———$105.1M——
Intangible assets — net————$15.4M—
Other intangible assets—net————$15.4M—
Operating lease right-of-use assets$555.0K$509.0K$463.0K$415.0K$3.8M—
Other non-current assets$112.0K$108.0K$102.0K$97.0K$92.0K—
Property, plant and equipment at cost$714.0K$714.0K$714.0K$714.0K$29.8M—
Operating lease right-of-use assets10.0%10.0%10.0%10.0%5.9%—
Operating Lease Right-of-Use Assets in Other Assets$555.0K$509.0K$463.0K$415.0K$3.8M—
Other non-current assets$112.0K$108.0K$102.0K$97.0K$92.0K—
Accumulated depreciation$530.0K$557.0K$585.0K$613.0K$767.0K—
Property and equipment, net$184.0K$157.0K$129.0K$101.0K$29.1M—
Software and Technology Licenses, Net$112.0K$108.0K$102.0K$97.0K$92.0K—
Tax Credit Carryforward Valuation Allowance———$30.7M——
Total assets$7.8M$5.7M$5.6M$5.6M$604.5M—

Non-Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total Liabilities Assumed in Business Combination————$1.6M—
Contract Liabilities, Non-Current————$2.2M—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net———$100.0K——
Deferred tax liabilities———$107.0K——
Finance lease liabilities$14.0K$9.0K$3.0K$520.0K$6.6M—
Finance Lease Liabilities (Total)———$520.0K$10.4M—
Operating Lease Liability Payments - 2026 (Lessee)$280.0K$280.0K$280.0K—$829.0K—
Deferred revenue, net of current portion————$2.2M—
Operating lease liabilities, non-current$445.0K$387.0K$329.0K$267.0K$2.1M—
Operating Lease Liabilities (Total)$665.0K$622.0K$579.0K—$4.0M—
Other non-current liabilities$459.0K$396.0K$332.0K$267.0K$20.3M—
Total liabilities$4.5M$4.0M$7.3M$9.1M$28.5M—
Total noncurrent liabilities$459.0K$396.0K$332.0K$267.0K$10.8M—
Unrecognized Tax Benefits———$811.0K——
Unrecognized Tax Benefits - Impacting Effective Tax Rate———$1.0M——

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Cumulative Cost Basis$714.0K$714.0K$714.0K$714.0K$29.8M—
Accrued And Unpaid Dividends Divided Per Share———$5.50——
Accrued Interest On Bridge Loanrelated Party——$28.0K$72.0K$132.0K—
Accrued Interest Percentage————8.0%—
Professional service fees———$201.0K$787.0K—
Accrued Researchand Development Current$313.0K$81.0K$47.0K$110.0K$84.0K—
Bid Price Per Share———$1.00——
Bridge Loan———$4.5M$4.5M—
Prepaid expense and other assets————$596.0K—
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other————$443.0K—
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable————$1.6M—
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill————$15.4M—
Business combination, deferred revenue————$4.3M—
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation————$1.6M—
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Opearting Lease Liability Noncurrent————$1.9M—
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Finance Lease Liability Noncurrent————$6.6M—
Accounts receivable————$1.3M—
Cash, cash equivalents and short-term investments————$36.7M—
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Rightof Use Assets————$3.5M—
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Finance Lease Liability————$3.8M—
Business Combination Separately Recognized Transactions Liabilities Recognized———$5.0M——
Cash FDIC Insured Amount$400.0K$100.0K——$29.3M—
Class of Warrant or Right, Outstanding$481.9K$3.5M$345.5K$467.4K$458.7K—
Class Of Warrant Or Right Unissued3.6M3.5M345.5K345.5K438.5K—
Common stock, capital shares reserved for future issuance$5.1M$5.7M$651.9K$1.5M$71.0M—
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0—
Common stock, shares authorized (in shares)$500.0M$500.0M$500.0M$500.0M$500.0M—
Common stock, shares issued (in shares)$7.0M$8.3M$834.9K$1.2M$1.9M$1.4
Common Stock, Shares, Outstanding$7.0M$8.3M$834.9K$1.2M$1.9M—
Contract with Customer, Liability$18.0K$36.0M$8.0K$12.0K$4.4M—
Conversion Of Series C Preferred Stock————23.6M—
Conversion Of Series D Preferred Stock————30.2M—
Less: net unamortized discount———$100.0K——
Deferred Tax Liabilities, Gross———$107.0K——
Deferred Tax Assets Capitalized Research And Development———$5.2M——
Deferred Tax Assets, Gross———$30.8M——
Deferred Tax Assets Lease Liabilities———$114.0K——
Deferred Tax Assets, Net———$107.0K——
Deferred Tax Assets, Operating Loss Carryforwards———$22.1M——
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration———$105.1M——
R&D credit carryforward———$1.2M——
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses———$15.0K——
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost———$1.9M——
Deferred Tax Assets, Valuation Allowance———$30.7M——
Deferred Tax Liabilities, Property, Plant and Equipment———$16.0K——
Deferred Tax Liabilities Rightofuse Assets———$91.0K——
Cost not yet recognized$1.1M$800.0K$500.0K$47.0B$77.5M—
Enterprise Value————$500.0M—
Exchange Ratio————2.23—
Fair Value Of Stock Option————$148.5M—
Finance Lease Liabilites Current———$18.0K$3.9M—
Current maturities of long-term debt$18.0K$18.0K$19.0K$18.0K$3.9M—
Finance Lease Liability Payments Due———$570.0K$11.2M—
2027———$290.0K$4.3M—
Finance Lease Liability Payments Due Year Two———$280.0K$3.6M—
Finance Lease Liability Undiscounted Excess Amount———$50.0K$737.0K—
Finite-Lived Intangible Assets, Accumulated Amortization————-$41.0K—
2028————$1.3M—
2030————$1.3M—
2031————$9.1M—
Remainder of 2026————$1.2M—
2027————$1.3M—
2029————$1.3M—
Gross Carrying Amount————$15.4M—
Lessee Operating Lease Liability Payments Due$782.0K$712.0K$641.0K—$4.2M—
Lessee Operating Lease Liability Undiscounted Excess Amount$117.0K$90.0K$62.0K—$237.0K—
Money Market Funds At Carrying Value$3.7M$1.8M$1.7M$2.4M$422.0K—
Notes and Loans Payable——$1.5M———
Operating Lease Liabilities Current———$253.0K$1.9M—
Operating Lease Liabilities Non Current———$267.0K$2.1M—
Operating Lease Weighted Average Discount Rate Percent$0.1$0.1$0.1$0.1$0.1—
Original Issue Price————$1.0M—
Other accrued liabilities$439.0K$242.0K$197.0K$89.0K$125.0K—
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0—
Preferred Stock, Shares Authorized$5.0M$5.0M$5.0M$5.0M$5.0M—
Preferred Stock, Shares Issued———$3.0K$56.6K—
Preferred Stock, Shares Outstanding———$3.0K$56.6K—
Settlement Of Restricted Stock Unitsin Dollars————6.2M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value————$10.7—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$773.7K$773.7K$69.7K$439.5K$8.8M—
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Additional Shares————2.7M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number————$6.2M—
Incentive stock program, shares reserved for future grants (in shares)$782.6K$782.6K$85.9K$143.9K$1.1M—
Unrecognized tax benefits———$811.0K——
Amount that if recognized, would affect the effective tax rate or regulatory liability———$1.0M——
Remainder of Fiscal Year 2024$212.0K$142.0K$71.0K—$1.6M—
Remainder of Fiscal Year 2025————$1.2M—
Weighted-Average Discount Rate15.1%15.1%15.1%15.1%5.6%—
Weighted-Average Discount Rate - Finance Leases$0.2$0.2$0.2$0.2$0.1—