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QumulusAI (QMLS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 25, 2026 · QumulusAI (QMLS) Q2 2026 earnings results →
Q2 2026 Revenue up 118% year over year to $6.7M · 339¢ of every $1 of revenue lost · operating margin -114.3%
QumulusAI made $6.7M in Q2 2026 (+118% Y/Y). Operating margin -114.3%, net loss $22.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 25, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.7M in Q2 2026, up 118% year over year.
Gross margin was 66.6%, up 11.5 points from a year earlier. Operating costs exceeded revenue by $7.7M, an operating margin of -114.3%. Operating expenses grew 213% against revenue growth of 118%. The fastest-growing cost line was Other operating costs (+549%). The quarter ended with a net loss of $22.8M. Net interest and other expense of $15.2M was the main reason.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 25, 2026 | $6.7M | +118% | -114.3% | −$22.8M | — |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About QumulusAI
QumulusAI is a distributed AI cloud platform that delivers accelerated access to high-performance GPU compute. Through an inference-first, demand-led deployment model across a network of data center sites, QumulusAI brings compute closer to customer demand, helping AI teams and enterprises scale production AI workloads with speed, flexibility and control. By combining rapid deployment with flexible private cloud infrastructure, QumulusAI gives customers a faster, more adaptable path beyond the capacity constraints of traditional centralized and hyperscale cloud models. Learn more at QumulusAI.com.
In its own words, from its 8-K, filed Aug 25, 2026.
QumulusAI against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +118% against the peers' median +6%. Operating margin: -114.3% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| QMLS QumulusAI | Q2 2026 | $6.7M | +118% | -114.3% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: QumulusAI 10-Q on SEC EDGAR · CIK 2084026 · Services-Computer Processing & Data Preparation
More on QMLS
History
Every quarter: Q2 2026 results