Corvex Inc/$MOVE
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Capital at risk
About Corvex Inc
Corvex Inc is an AI cloud computing company that provides computing infrastructure for artificial intelligence workloads, including GPU-accelerated computing, confidential computing, and inference services. Its offerings are used by government and enterprise customers, including those with regulated workloads, to support the deployment and operation of AI models and data processing systems. The company generates revenue from the sale of Wellness Rings, portable chargers and charging cables, ring sizers, and mobile applications.
- Ticker
- $MOVE
- Sector
- Digital Hardware
- Primary listing
- NASDAQ
- Employees
- -
- Headquarters
- Arlington, United States
- Website
- www.corvex.ai
Corvex Inc Metrics
BasicAdvanced
$371M
-
-$9.24
1.22
-
Price and volume
Market cap
$371M
Beta
1.22
52-week high
$26.72
52-week low
$3.44
Average daily volume
433K
Financial strength
Current ratio
1.802
Quick ratio
1.483
Long term debt to equity
0.015
Total debt to equity
0.026
Interest coverage (TTM)
-57.91%
Profitability
EBITDA (TTM)
-12.485
Gross margin (TTM)
69.82%
Net profit margin (TTM)
-170.05%
Operating margin (TTM)
-185.64%
Effective tax rate (TTM)
-0.43%
Management effectiveness
Valuation
Price to revenue (TTM)
2.184
Price to book
-6.25
Price to tangible book (TTM)
-0.05
Price to free cash flow (TTM)
-1.707
Free cash flow yield (TTM)
-58.58%
Free cash flow per share (TTM)
-6.895
Growth
Bulls say / Bears say
Corvex reported approximately $22 million of contracted annualised revenue on live compute as at 14 August, versus $3.8 million of second-quarter revenue. That provides a visible base for growth as more contracted capacity is recognised. (PR Newswire)
The company signed a multi-year agreement to supply NVIDIA Blackwell GPU clusters, networking, storage and CPUs to a leading AI company. Corvex says it installed the liquid-cooled systems in about two weeks and expects the contract to reach full run-rate revenue during the current quarter. (Corvex)
Corvex plans to increase critical IT power capacity from about 1.5 MW to roughly 8 MW by the end of 2026, with a path to more than 20 MW if it exercises an additional right of first refusal. The expansion is expected to begin generating revenue in the first quarter of 2027, giving the platform room to scale materially. (PR Newswire)
The business remains loss-making at a very early stage: second-quarter revenue was $3.8 million, while net loss was $12.8 million and adjusted EBITDA was negative $3.2 million. The company also missed reported analyst expectations for both revenue and EPS. (PR Newswire, American Banking News)
Corvex has substantial funding and dilution risk: its registration statement covers up to $500 million of securities, while Series D preferred stock could convert into about 28.3 million common shares. Recent filings also include going-concern explanatory paragraphs from auditors. (StockTitan)
Customer concentration and expansion execution are material risks. Two customers accounted for 93% of revenue, while the planned capacity depends on securing customer commitments, equipment, utility connections, permits and further capital; Corvex has not guaranteed that these agreements or milestones will be achieved. (StockTitan, Corvex)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.
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