Filing Flows › Hyperscale Data (GPUS) › Q1 2026
Hyperscale Data (GPUS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 18, 2026
Hyperscale Data (GPUS) reported revenue of $44.1M for the first quarter 2026 (Q1 2026), +76% from a year earlier and +64% from the quarter before. Operating margin was -48.3%, net loss $30.1M (68.4% of revenue).
Hyperscale Data, Q1 2026: revenue $44.1M (+76% year over year), operating margin -48.3%, net loss $30.1M, operating cash flow −$193K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.1M | +64% | +76% |
| Operating profit | −$21.3M | — | — |
| Net earnings | −$30.1M | — | — |
| Operating cash flow | −$193K | — | — |
What changed
Revenue was $44.1M in Q1 2026, up 76% year over year and up 64% from the previous quarter. Fintech was the largest line at 26% of revenue. Fintech added $11.5M year over year, 61% of the total change. Energy declined 20%.
Gross margin was 34.2%, up 13.1 points from Q1 2025. Operating costs exceeded revenue by $21.3M, an operating margin of -48.3%. Operating expenses grew 212% against revenue growth of 76%. The fastest-growing cost line was Research & development (+3621%). The quarter ended with a net loss of $30.1M, wider than the previous quarter's $29.9M loss. Minority interests bore $186K of it: to shareholders the quarter was a loss of $29.9M.
Operating cash flow was −$193K. Non-cash charges added back $6.4M of depreciation and amortization and $67K of share-based compensation. Working capital and other items added $23.5M. Capital expenditures of $10.6M exceeded it, leaving free cash flow of −$10.8M.
Questions
What was Hyperscale Data's revenue in the first quarter 2026?
Hyperscale Data (GPUS) reported revenue of $44.1M for the first quarter 2026 (Q1 2026), +76% from a year earlier and +64% from the quarter before.
Was Hyperscale Data profitable in the first quarter 2026?
Operating loss was $21.3M (-48.3% of revenue) and net loss $30.1M.
Source: Hyperscale Data 10-Q on SEC EDGAR.