What is Corvex 's connected devices and services — revenue?

Corvex (MOVE) reported connected devices and services — revenue of $35K in Q1 2026.

What does connected devices and services — revenue mean?

This metric represents the total gross revenue generated from the sale of GPU-accelerated infrastructure, cloud computing services, and related hardware solutions within the Connected Devices and Services segment. It reflects the market demand for the company's AI-focused cloud offerings and the effectiveness of its sales strategy in capturing enterprise and federal AI workloads.

Corvex MOVE Connected Devices And Services — Revenue

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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 / equity0×-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:Revenues.

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 — revenue?: Corvex (MOVE) reported connected devices and services — revenue of $35K in Q1 2026.
What does connected devices and services — revenue mean?: This metric represents the total gross revenue generated from the sale of GPU-accelerated infrastructure, cloud computing services, and related hardware solutions within the Connected Devices and Services segment. It reflects the market demand for the company's AI-focused cloud offerings and the effectiveness of its sales strategy in capturing enterprise and federal AI workloads.