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Corvex (MOVE) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 14, 2026

Corvex (MOVE) reported revenue of $3.8M for the second quarter 2026 (Q2 2026), up 37-fold from a year earlier and +645% from the quarter before. Operating margin was -400.3%, net loss $12.8M (335.8% of revenue).

Revenue$3.8M
Year over year37×
Quarter over quarter+645%
Operating margin-400.3%
Net earnings−$12.8M

Corvex, Q2 2026: revenue $3.8M (37× year over year), operating margin -400.3%, net loss $12.8M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$3.8M+645%37×
Operating profit−$15.2M——
Net earnings−$12.8M——
Operating cash flow−$5.3M——

What changed

Revenue was $3.8M in Q2 2026, up 3590% year over year and up 645% from the previous quarter.

Operating costs exceeded revenue by $15.2M, an operating margin of -400.3%. Total costs grew 465% against revenue growth of 3590%. The fastest-growing cost line was General & admin (+657%). The quarter ended with a net loss of $12.8M, wider than the previous quarter's $5.0M loss.

Operating cash flow was −$5.3M. Non-cash charges added back $3.5M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $243K exceeded it, leaving free cash flow of −$5.5M.

Questions

What was Corvex's revenue in the second quarter 2026?

Corvex (MOVE) reported revenue of $3.8M for the second quarter 2026 (Q2 2026), up 37-fold from a year earlier and +645% from the quarter before.

Was Corvex profitable in the second quarter 2026?

Operating loss was $15.2M (-400.3% of revenue) and net loss $12.8M.

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Source: Corvex 10-Q on SEC EDGAR.