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QumulusAI vs ReposiTrak: QMLS and TRAK compared
QumulusAI is the larger company: $6.7M of revenue in its latest quarter (Q2 2026) against $5.6M for ReposiTrak (Q4 FY26). QumulusAI is growing faster (+118% against -3% a year earlier). ReposiTrak is more profitable, with an operating margin of 33.7% against -114.3%.
Where the money goes: QMLS and TRAK
QumulusAI (QMLS) · Q2 2026
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.
ReposiTrak (TRAK) · Q4 FY26
ReposiTrak, Q4 FY26: revenue $5.6M (-3% year over year), operating margin 33.7%, net earnings $2.1M, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| QumulusAI (QMLS) | ReposiTrak (TRAK) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $6.7M | $5.6M |
| Revenue growth, Y/Y | +118% | -3% |
| Operating margin | -114.3% | 33.7% |
| Net earnings | −$22.8M | $2.1M |
| Net margin | -339.3% | 37.3% |
| Operating cash flow | — | $2.4M |
| Free cash flow | — | $2.4M |
Where the revenue comes from
ReposiTrak
- Subscription and Support: $5.6M (100%)
- Professional Services: $2K (0%)
Questions
Which is bigger, QumulusAI or ReposiTrak?
QumulusAI is the larger company: $6.7M of revenue in its latest quarter (Q2 2026) against $5.6M for ReposiTrak (Q4 FY26).
Is QumulusAI or ReposiTrak growing faster?
QumulusAI is growing faster (+118% against -3% a year earlier).
Which is more profitable, QumulusAI or ReposiTrak?
ReposiTrak is more profitable, with an operating margin of 33.7% against -114.3%.
More: QumulusAI earnings · how QumulusAI makes money · ReposiTrak earnings · how ReposiTrak makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 25, 2026; 10-K filed Sep 28, 2026). Fiscal quarters can end on different dates. Not investment advice.