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Corvex MOVE Connected Devices And Services — PP&E (Net)

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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:PropertyPlantAndEquipmentNet.

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 — PP&E (net)?
Corvex (MOVE) reported connected devices and services — PP&E (net) of $75K in Q1 2026.
What does connected devices and services — PP&E (net) mean?
This metric represents the net book value of tangible assets, such as GPU clusters and server infrastructure, specifically allocated to the Connected Devices and Services segment. It reflects the cumulative capital investment in hardware minus accumulated depreciation, providing insight into the physical capacity available to support AI workloads. This figure is critical for assessing the scale of infrastructure deployment and the intensity of capital expenditure required to maintain competitive AI service offerings.