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QumulusAI (QMLS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 25, 2026
QumulusAI (QMLS) reported revenue of $6.7M for the second quarter 2026 (Q2 2026), +118% from a year earlier. Operating margin was -114.3%, net loss $22.8M (339.3% of revenue).
QumulusAI, Q2 2026: revenue $6.7M (+118% year over year), operating margin -114.3%, net loss $22.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | — | +118% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$22.8M | — | — |
What changed
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.
Questions
What was QumulusAI's revenue in the second quarter 2026?
QumulusAI (QMLS) reported revenue of $6.7M for the second quarter 2026 (Q2 2026), +118% from a year earlier.
Was QumulusAI profitable in the second quarter 2026?
Operating loss was $7.7M (-114.3% of revenue) and net loss $22.8M.
Source: QumulusAI 10-Q on SEC EDGAR.