Cloudastructure (CSAI) delays Q1 10-Q amid preferred equity review
Rhea-AI Filing Summary
Cloudastructure, Inc. reported that it did not file its Form 10‑Q for the quarter ended March 31, 2026 by the extended deadline of May 20, 2026 and has postponed its first‑quarter 2026 results conference call. The delay stems from an ongoing review, with its independent registered public accounting firm, of a technical accounting issue related to the balance sheet treatment of certain preferred equity instruments. The company currently expects to report first quarter 2026 revenue of approximately $1.3 million, representing about 78% year‑over‑year growth, and gross profit growth of approximately 115% year‑over‑year, and plans to file the 10‑Q and reschedule the call as soon as practicable.
Positive
- None.
Negative
- Filing delay and accounting review: The company missed the extended deadline for its Q1 2026 Form 10‑Q and postponed its earnings call due to a technical accounting issue involving the balance sheet treatment of certain preferred equity instruments, introducing uncertainty until the review is completed and results are finalized.
Insights
Cloudastructure delayed its Q1 2026 10‑Q for an accounting review despite strong preliminary growth figures.
Cloudastructure disclosed a delay in filing its Q1 2026 Form 10‑Q and postponed the related earnings call while it reviews a technical accounting issue regarding the balance sheet treatment of certain preferred equity instruments with its independent auditor. Such reviews can introduce uncertainty around reported capital structure and past classifications.
The company reaffirmed preliminary Q1 2026 revenue of about $1.3 million, implying roughly 78% year‑over‑year growth, and gross profit growth of around 115% year‑over‑year. These figures suggest strong top‑line and margin expansion, but final results depend on the completion of the accounting review.
Actual impact will hinge on whether the preferred equity accounting changes affect key metrics such as equity, liabilities, or prior‑period presentation. Subsequent filings covering the quarter ended March 31, 2026 are expected to clarify the outcome of the review and confirm final Q1 results.
8-K Event Classification
Key Figures
Key Terms
technical accounting issue financial
preferred equity instruments financial
Quarterly Report on Form 10-Q regulatory
gross profit financial
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Item 8.01 Other Events.
On May 21, 2026, Cloudastructure, Inc. (the “Company”) issued a press release announcing that it had not filed its Form 10-Q for the first quarter of 2026 by the extended filing deadline of May 20, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report.
Item 9.01 Financial Statements, Pro Forma Financial Information, and Exhibits.
(c) Exhibits
99.1 Press Release dated May 21, 2026
104 Cover Page Interactive File (the cover page XBRL tags are embedded in the Inline XBRL document).
EXHIBIT INDEX
| Exhibit Number | Document | |
| 99.1 | Press Release dated May 21, 2026. | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 21, 2026
| CLOUDASTRUCTURE, INC. | ||
| By: | /s/ Greg Smitherman | |
Greg Smitherman | ||
| Chief Financial Officer | ||
(Principal Financial Officer and Principal Accounting Officer) | ||
| 3 |
Exhibit 99.1
Cloudastructure Postpones First Quarter 2026 Financial Results Conference Call;
Maintains Preliminary Q1 Revenue Guidance
Anticipates Reporting First Quarter Revenue of Approximately $1.3 Million, Reflecting 78% Year-Over-Year Growth, and
Gross
Profit Growth of Approximately 115% Year-Over-Year
PALO ALTO, CA. – May 21, 2026 -- Cloudastructure, Inc. (“Cloudastructure” or “the Company”) (Nasdaq: CSAI), a leader in cloud-native AI surveillance and remote guarding, today announced that it is postponing its first quarter 2026 financial results conference call and has delayed the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
The delay relates to the Company’s ongoing review, in consultation with its independent registered public accounting firm, of a technical accounting issue associated with the balance sheet treatment of certain preferred equity instruments. The Company is continuing to work through the review process and intends to file its Form 10-Q as soon as practicable.
As previously announced, the Company currently expects to report first quarter 2026 revenue of approximately $1.3 million, representing approximately 78% year-over-year growth, and gross profit growth of approximately 115% year-over-year.
Cloudastructure will announce a new conference call date following the filing of its Form 10-Q.
About Cloudastructure
Headquartered in Palo Alto, California, Cloudastructure’s patented award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit https://www.cloudastructure.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered forward-looking. Any forward-looking statement expressing an expectation or belief as to one or more future events is expressed in good faith and believed to be reasonable. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. These factors include, but are not limited to, our ability to complete the procedures necessary to file our Form 10-Q for the first quarter of 2026 and potential changes to our financial results for such quarter that may result from the completion of those procedures. We caution you against relying on any of the forward-looking statements in this release, as actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Media Contact
Kathleen Hannon, Sr. Communications Director
Cloudastructure, Inc.
704.574.3732
Kathleen@cloudastructure.com
Investor Contact
Valter Pinto, Managing Director
KCSA Strategic Communications
212.896.1254
Cloudastructure@KCSA.com