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Corvex MOVE Acquired in-process research and development
Acquired in-process research and development at other companies
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Where this comes from
Reported directly by Corvex in its filing.
Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.
The source filing: Corvex’s 10-Q, filed May 19, 2026.
- Filed
- May 19, 2026, 4:04 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001213900-26-058993
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | 247 | – |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | 265 | 642 |
| Depreciation and amortization | 326 | 38 |
| Technology and infrastructure | 822 | 2,364 |
| Sales and marketing | 304 | 763 |
| General and administrative | 3,393 | 1,637 |
| Total operating expenses | 5,357 | 5,444 |
| Loss from operations | (4,847) | (5,238) |
Item 1. Financial Statements
FAQ
- What is Corvex's acquired in-process research and development?
- Corvex (MOVE) reported acquired in-process research and development of $822K in Q1 2026.
- How has Corvex's acquired in-process research and development changed year-over-year?
- Corvex's acquired in-process research and development decreased by 65.2% year-over-year, from $2.36M to $822K.
- What is the long-term trend for Corvex's acquired in-process research and development?
- Over 3 years (2021 to 2025), Corvex's acquired in-process research and development has grown at a -24.8% compound annual growth rate (CAGR), from $13.43M to $5.72M.
- What does acquired in-process research and development mean?
- Cash expenditures related to the acquisition of research and development projects that have not yet reached technological feasibility. This is common in high-growth sectors where companies buy innovation rather than building it internally.
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