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Corvex MOVE Connected Devices And Services — Net Income Loss

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Other financials

Income statement

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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

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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

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Operating cash flow-$4.3M+0.3%
CapEx$6.2M
Free cash flow-$10.5M

Valuation

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Market cap$43M+583%
Enterprise value$36.84M+427%
P/S58.3×+45.0×

Profitability

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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

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Return on equity-6.3%
Debt / equity-0.2×
Current ratio2.1×+0.4×

Where this comes from

Reported directly by Corvex in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 connected devices and services — net income loss?
Corvex (MOVE) reported connected devices and services — net income loss of -$3.38M in Q1 2026.
What does connected devices and services — net income loss mean?
This metric represents the final bottom-line profit or loss for the Connected Devices and Services segment after all expenses, taxes, and non-controlling interests are accounted for. It is the ultimate measure of the segment's financial success and its net contribution to the company's total net income.