Income StatementBalance SheetCash FlowSegments
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Corvex Cash Flow Statement

Operating, investing, and financing cash movements

Corvex generated -$11.3M in operating cash flow over the trailing twelve months. After $6.3M in capital expenditures, free cash flow was -$28.9M. Free cash flow decreased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$11.3MNet Cash From Investing (TTM)-$57.0KNet Cash From Financing (TTM)$5.8MCapital Expenditures (TTM)$57.0KDepreciation And Amortization Cf (TTM)$447.0KNet Change In Cash (TTM)$2.4M
Latest FilingQ1 2026
Report Date2026-05-19
Market Cap$41.6M
ROE-6.25%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$89.0K-$8.0K————
Inventory write-down—$196.3K$196.3K$196.3K$196.3K$32.0K
Debt issuance costs and discount amortization————$1.4M$118.0K
Amortization of intangible assets———$0.0—$41.0K
Change in accounts payable—$509.0K$266.0K$71.0K$455.0K-$1.4M
Change in accounts receivable—————$162.0K
Change in accrued liabilities—$113.0K———$251.0K
Change in deferred revenue—-$18.0K-$13.0K——$27.0K
Change in inventories$13.0K$212.0K$221.0K$0.0$78.0K$42.0K
Change in other assets-$86.0K-$142.0K-$2.0K—-$51.0K$747.0K
Change in other current assets$3.5K$4.0K$6.0K$3.0K$4.0K-$48.0K
Change in other liabilities-$1.1M$113.0K-$716.0K—-$194.0K$50.0K
Other working capital changes-$157.0K-$8.0K$16.0K$3.0K-$11.0K—
Depreciation and amortization$38.0K$38.0K$56.0K$28.0K$37.0K$326.0K
Other Non-Cash Income (Expense)-$89.0K-$8.0K————
Other Non-cash Income (Expense)-$89.0K-$8.0K————
Other Non-cash Income (Expense)-$89.0K-$8.0K————
Net cash from operating activities-$4.6M-$4.3M-$3.1M-$1.6M-$2.3M-$4.3M
Net income-$4.6M-$5.2M-$3.2M-$4.0M-$5.9M-$5.0M
Other non-cash income (expense)-$89.0K-$8.0K————
Stock-based compensation$530.0K$299.0K$250.0K$93.0K—$65.4M
Amortization Of Debt Discount Premium————$1.4M$118.0K
Amortization of capitalized software and acquired intangible assets———$0.0—$41.0K
Merger related costs—————$1.8M
Increase (Decrease) in Other Current Assets$3.5K$4.0K$6.0K$3.0K$4.0K-$48.0K
Increase (Decrease) in Prepaid Expense and Other Assets-$86.0K-$142.0K-$2.0K—-$51.0K$747.0K
Inventory write-downs—$196.3K$196.3K$196.3K$196.3K$32.0K
Non-cash operating lease expense$56.0K$56.0K$53.0K$55.0K$86.0K$118.0K
Net income-$5.9M-$5.2M———-$5.1M
Operating lease right-of-use asset amortization—————$118.0K
Other Noncash Income (Expense)-$89.0K-$8.0K————
Other Non-cash Income and Expense-$89.0K-$8.0K————
Other Non-Cash Adjustments-$89.0K-$8.0K$16.0K$3.0K——
Other Non-Cash Income and Expense-$89.0K-$8.0K————
Stock-based compensation$530.0K$299.0K$780.0K$691.0K$1.1M$2.2M
Inventory and Purchase Commitments Write-downs—$196.3K$196.3K$196.3K$196.3K$32.0K

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquired in-process research and development$2.0M$2.4M$1.4M$1.2M$790.0K$822.0K
Acquisitions, net of cash acquired—————-$36.7M
Capital expenditures$5.0K————$6.2M
Net cash from investing activities-$5.0K————$30.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating lease payments$73.0K$87.0K$58.0K$72.0K$45.0K$1.6M
Interest paid————$2.0K$1.0K
Cash Paid for Lease Liabilities$73.0K$87.0K$58.0K$72.0K$45.0K$1.6M
Operating lease payments$73.0K$87.0K$58.0K$72.0K$45.0K$1.6M
Operating Lease Payments$73.0K$87.0K$58.0K$72.0K$45.0K$1.6M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Change in Cash Excluding Exchange Rate Effect—-$3.5M-$2.2M-$109.0K—$26.5M
Net Change in Cash Excluding FX Effect—-$3.5M-$2.2M-$109.0K—$26.5M
Net increase (decrease) in cash—-$3.5M-$2.2M-$109.0K—$26.5M
Net Change in Cash Excluding Exchange Rate Effect—-$3.5M-$2.2M-$109.0K—$26.5M
Aggregate Gross Purchase Price Value—$250.0M$250.0M$250.0M$250.0M—
Bearing Interest Interest Rate Per Annum———12.0%——
Common Stock Convertible Conversion Price Increase—$136364.00$136364.00$136364.00$136364.00—
Common Stock Dividends Shares—1.7K1.7K1.7K1.7K—
Common Stock Outstanding Percentage—5.0%5.0%5.0%5.0%—
Costs and Expenses$4.8M$5.4M$3.4M$2.7M$4.5M$5.4M
Costs Related To Reverse Merger Recorded In Accounts Payable—$37.5K$37.5K$37.5K$37.5K—
Earnings per common share - basic (in dollars per share)$-6.05$-5.35$-0.41$-4.73$-5.88$-3.13
Earnings per common share - diluted (in dollars per share)$-6.05$-5.35$-0.41$-4.73$-5.88$-3.13
U.S. federal statutory tax5.3%5.3%5.3%5.3%5.3%—
Effective Income Tax Rate Reconciliation Tax Contingencies Other12.5%12.5%12.5%12.5%12.5%—
Effective Income Tax Rate Reconciliation, Tax Credit, Percent0.0%1.3%1.3%1.3%1.3%—
Finance Lease Interest Expense—————$139.0K
Finance Lease Right Of Use Asset Amortization—————$131.0K
Financing Interest Expense—————$257.0K
General and administrative costs$2.2M$1.6M$1.6M$1.2M$2.7M$3.4M
Income Loss From Continuing Operations Before Income Taxes Domestic—-$4.6M-$4.6M-$4.6M-$4.6M—
Income Loss From Continuing Operations Before Income Taxes Foreign—$51.3K$51.3K$51.3K$51.3K—
Income before provision for income taxes—-$5.2M———-$5.0M
Issuance Costs On Bridge Loanrelated Party Recorded In Accounts Payable—$2.5K$2.5K$2.5K$2.5K—
Lease, Cost—$56.0K———$453.0K
Other Income - Net$76.0K$60.0K$35.0K-$1.4M-$1.4M-$158.0K
Operating Income Loss-$4.7M-$5.2M-$3.3M-$2.6M-$4.4M-$4.8M
Other Research And Development Expense$100.0K$800.0K$100.0K——$899.0K
Ownership Percentage—5.0%5.0%5.0%5.0%—
Dividend rate of preferred stock per annum (as a percent)—————35.8%
Preferred stock dividends—$9.3K$9.3K$9.3K$9.3K$96.0K
Repayment Of Bridge Loan————$1.5M$1.5M
Repayment Of Premium On Loan Obligations————$3.0M$3.0M
Revenues$111.0K$206.0K$103.0K$80.0K$44.0K$510.0K
Sales and marketing—$763.0K———$304.0K
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Number Of RS Us Vested Vested—44.6K44.6K44.6K44.6K—
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other—-1.6K-1.6K-1.6K-1.6K-8.7K
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Number Of RS Us Vested Forfeited Or Cancelled—-44.6K-44.6K-44.6K-44.6K—
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1$600.0K$415.0K$0.0$600.0K$1.9M$132.0K
Short Term Debt Interest Rate Increase————14.7%—
Stock Issued During Period Value Issuance Of Common Stock Warrants—————$11.0K
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions—$316.8K$316.8K$316.8K$316.8K—
Increases based on tax positions related to the current period$105.3K—————
Variable costs—————$21.0K
Diluted (in shares)29K967.3K7.8M851.1K59.3K1.6M
Weighted average common shares outstanding, basic (in shares)29K967.3K7.8M851.1K59.3K1.6M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid—$9.3K$9.3K$9.3K$9.3K—
Dividends paid on preferred stock—$9.3K$9.3K$9.3K$9.3K$96.0K
Costs Related To Reverse Merger—$750.0K$750.0K$750.0K$750.0K—
Finance Lease, Principal Payments—————$32.0K
Proceeds from exercises of stock options and other stock issuances—————$149.2K
Finance lease prepayments—————$32.0K
Net cash from financing activities$1.2M$758.0K$848.0K$1.5M$3.1M$350.0K
Payments for finance leases—————$32.0K
Proceeds from issuance of common stock$1.2M$758.0K$848.0K——$382.0K

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$4.6M————-$10.5M