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Corvex MOVE AI Platform And Services — Technology & Infrastructure

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IRENAI Cloud Services — Employee benefits

$2.18M+1,154%

IRENAI Cloud Services — Other direct expenses

$803K+985%

AIOTAIoT Asset Management — Development costs incurred

$8.16M-10.2%

TASKAI Services — Service revenue

$61.94M+36.1%

IRENAI Cloud Services — Cost of Revenue

$4.6M+1,268%

HPECloud & AI — Segment operating expenses

$1.29B+17.1%

Other financials

Income statement

Revenue$510.0K+148%

Gross profit-$945.0K-107%

Operating income-$4.8M+7.5%

Net income-$5.0M+3.3%

EPS (diluted)-$3.13+41.5%

Balance sheet

Cash & equivalents$28.9M+4,126%

Total debt$22.8M+3,165%

Total equity$576.0M+17,711%

Total assets$604.5M+7,684%

Cash flow

Operating cash flow-$4.3M+0.3%

CapEx$6.2M—

Free cash flow-$10.5M—

Valuation

Market cap$43M+583%

Enterprise value$36.84M+427%

P/S58.3×+45.0×

Profitability

Gross margin-424.9%-2,244pp

Operating margin-2,050.5%-817pp

Net margin-2,457.5%-909pp

FCF margin-2,175.8%—

Returns & leverage

Return on equity-6.3%—

Debt / equity0×-0.2×

Current ratio2.1×+0.4×

Where this comes from

Reported directly by Corvex in its filing.

Tagged under the XBRL concept move:TechnologyAndInfrastructure.

The official record: Corvex ’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corvex 's AI platform and services — technology & infrastructure?: Corvex (MOVE) reported AI platform and services — technology & infrastructure of $169K in Q1 2026.
What does AI platform and services — technology & infrastructure mean?: Captures the operating expenses related to research, development, and maintenance of the underlying AI software stack and cloud infrastructure. This includes engineering salaries and costs for developing proprietary AI model builders or confidential computing features. It represents the investment required to maintain a competitive technological edge.