Filing Flows › Vulcan Infrastructure & Power (VIP) › Q1 2026 › vs Q4 2025
Vulcan Infrastructure & Power (VIP) Q1 2026 vs Q4 2025 (quarter over quarter)
Vulcan Infrastructure & Power's revenue rose $9.4M (+82%) from $11.5M in Q4 2025 to $20.8M in Q1 2026. The biggest changes: Power and capacity +$13.1M (+236%); Datacenter hosting −$3.0M (-89%); Cryptocurrency mining −$781K (-30%).
Vulcan Infrastructure & Power, Q1 2026: revenue $20.8M (+8% year over year), operating margin -21.8%, net loss $4.6M, operating cash flow −$11.4M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Power and capacity | $18.7M | $5.6M | $13.1M | +236% |
| Cryptocurrency mining | $1.8M | $2.6M | −$781K | -30% |
| Datacenter hosting | $366K | $3.3M | −$3.0M | -89% |
| Revenue | $20.8M | $11.5M | $9.4M | +82% |
| Net loss | $4.6M | −$3.0M | $7.6M | — |
| Costs & expenses | $25.4M | $12.8M | $12.6M | +99% |
| Operating costs | $25.4M | $9.8M | $15.6M | +160% |
| SG&A | $3.9M | $3.5M | $366K | +10% |
| Other operating costs | $21.5M | $6.2M | $15.2M | +245% |
| Operating cash sources | $14.8M | $7.2M | $7.6M | +105% |
| Depreciation & amortization | $2.7M | $2.5M | $187K | +8% |
| Share-based compensation | $709K | $151K | $558K | +370% |
| Cash used in operations | $11.4M | $4.6M | $6.8M | +148% |
| Net loss absorbed | $4.6M | −$3.0M | $7.6M | — |
| Working capital & other | $10.2M | $10.2M | −$37K | -0.4% |
Questions
How much did Vulcan Infrastructure & Power's revenue grow quarter over quarter in Q1 2026?
Vulcan Infrastructure & Power's revenue rose $9.4M (+82%) from $11.5M in Q4 2025 to $20.8M in Q1 2026.
What drove Vulcan Infrastructure & Power's revenue change in Q1 2026?
Power and capacity +$13.1M (+236%); Datacenter hosting −$3.0M (-89%); Cryptocurrency mining −$781K (-30%).