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Hyperscale Data (GPUS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 19, 2026 · Hyperscale Data (GPUS) Q2 2026 earnings results →
Q2 2026 Revenue up 35% year over year to $34.8M · 54¢ of every $1 of revenue lost · operating margin -66.3%
Hyperscale Data made $34.8M in Q2 2026 (+35% Y/Y). Operating margin -66.3%, net loss $18.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
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What changed this quarter
Revenue was $34.8M in Q2 2026, up 35% year over year and down 21% from the previous quarter.
Gross margin was 25.2%, up 1.5 points from Q2 2025. Operating costs exceeded revenue by $23.1M, an operating margin of -66.3%. Operating expenses grew 96% against revenue growth of 35%. The quarter ended with a net loss of $18.9M, narrower than the previous quarter's $30.1M loss. Non-operating items added $4.1M, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.7M. Non-cash charges added back $4.6M of depreciation and amortization and $491K of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $6.7M exceeded it, leaving free cash flow of −$16.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 19, 2026 | $34.8M | +35% | -66.3% | −$18.9M | −$9.7M |
| Q1 2026 | 10-Q | May 18, 2026 | $44.1M | +76% | -48.3% | −$30.1M | −$193K |
| Q4 2025 | 10-K | Apr 15, 2026 | $26.9M | +38% | -117.8% | −$29.9M | −$37.7M |
| Q3 2025 | 10-Q | Nov 17, 2025 | $24.3M | -22% | -57.8% | −$13.6M | −$17.8M |
| Q2 2025 | 10-Q | Aug 15, 2025 | $25.9M | +45% | -39.2% | −$17.3M | −$3.1M |
| Q1 2025 | 10-Q | May 20, 2025 | $25.0M | -35% | -25.5% | −$4.7M | −$4.0M |
| Q4 2024 | 10-K | Apr 15, 2025 | $19.4M | -63% | -46.8% | −$4.3M | −$9.2M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Hyperscale Data
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ ACG ”), is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors. Hyperscale Data currently expects the divestiture of ACG (the “ Divestiture ”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets.
In its own words, from its 8-K, filed Jul 29, 2026.
Hyperscale Data against its Oil & Gas Field Machinery & Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +14%. Operating margin: -66.3% against the peers' median 12.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GPUS Hyperscale Data | Q2 2026 | $34.8M | +35% | -66.3% |
| BKR Baker Hughes | Q3 2026 | $8.0B | +14% | 6.5% |
| FTI TechnipFMC | Q3 2026 | $2.9B | +9% | 19.5% |
| NOV NOV | Q3 2026 | $2.2B | +2% | 6.4% |
| DNOW Dnow | Q3 2026 | $1.3B | +111% | 2.5% |
| WFRD Weatherford International | Q3 2026 | $1.1B | -7% | 13.4% |
| WHD Cactus | Q3 2026 | $431M | +63% | 21.8% |
| SEI Solaris Energy Infrastructure | Q3 2026 | $341M | +104% | 19.6% |
| INVX Innovex International | Q3 2026 | $265M | +10% | 12.2% |
Source: Hyperscale Data 10-Q on SEC EDGAR · CIK 896493 · Oil & Gas Field Machinery & Equipment
More on GPUS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results