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Corvex MOVE Revenue Connected Devices And Services — Cost Of Revenue

Other product segments

Revenue AI Platform And Services
$247K

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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:CostOfRevenue.

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 revenue connected devices and services — cost of revenue?
Corvex (MOVE) reported revenue connected devices and services — cost of revenue of $265K in Q1 2026.
What does revenue connected devices and services — cost of revenue mean?
This metric measures the direct costs associated with providing GPU-accelerated infrastructure and cloud services, including hardware depreciation, data center power, cooling, and maintenance. It represents the essential expenses required to deliver the company's AI computing capacity to customers. Monitoring this helps evaluate the operational efficiency and direct margin profile of the core business segment.