Every 10-Q that Hyperscale Data Inc. (GPUS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GPUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GPUS filings page.
Hyperscale Data, Inc. (GPUS) reported strong top-line growth for the six months ended June 30, 2026, with revenue of $78.9 million versus $50.9 million a year earlier, led by defense solutions, crane operations and crypto mining. Gross profit nearly doubled to $23.9 million. Cash and cash equivalents were $36.8 million, with an additional $28.3 million of restricted cash, and total crypto holdings (including restricted) were $46.1 million.
Despite growth, losses widened materially: net loss attributable to common stockholders for the first half was $54.1 million versus $27.4 million, and operating cash use was $9.9 million. Current liabilities rose to $201.7 million, including $99.3 million of notes and convertible debt, and total notes payable and convertible notes increased to $105.9 million and $37.6 million, respectively. Management discloses that existing liquidity is insufficient to cover the next 12 months of obligations and planned Michigan data center investments expected to exceed $100 million, and explicitly states that there is substantial doubt about the company’s ability to continue as a going concern. Additional pressure comes from AGREE construction loans where required principal and reserve payments have not been made, new $16.0 million Morpho DeFi borrowings secured by cbBTC, a $7.1 million impairment on wrapped Bitcoin collateral, and a $2.3 million impairment on mining equipment as capacity is reallocated from Bitcoin mining toward AI compute services.
Hyperscale Data, Inc. reports sharply higher scale but larger losses for the quarter ended March 31, 2026. Revenue rose to $44.1 million from $25.0 million, helped by new defense solutions at Gresham and a swing to gains in lending and trading. Gross profit improved to $15.1 million, but heavy operating costs, crypto fair value losses and higher interest expense drove a net loss of $30.1 million versus $4.7 million a year earlier, and a $32.5 million loss attributable to common stockholders. The company held $36.3 million of cash, cash equivalents and restricted cash and $42.9 million of crypto assets while total liabilities reached $216.7 million. Hyperscale is funding operations through ATM equity programs and new debt, and discloses defaults on certain AGREE construction loan principal payments, with lenders not yet issuing a default notice.
Hyperscale Data, Inc. (GPUS) reported Q3 2025 revenue of $24.3 million, down from $31.1 million a year earlier, as crane operations, crypto mining, and lending and trading activities generated lower sales. Gross profit was $6.3 million versus $8.5 million in Q3 2024, while operating expenses fell sharply, reducing the operating loss to $14.1 million from $24.6 million.
After interest and other items, net loss available to common stockholders was $15.3 million, improving from a $26.9 million loss in the prior-year quarter. For the first nine months of 2025, revenue was $75.2 million versus $87.2 million and net loss available to common stockholders was $42.7 million versus $59.7 million.
On the balance sheet, total assets rose to $242.4 million and total liabilities declined to $184.7 million as of September 30, 2025. Total stockholders’ equity increased to $57.7 million from $2.1 million at December 31, 2024, driven by new Class A share issuances, debt conversions, and preferred capital, partially offset by continued losses and preferred dividends.
Hyperscale Data, Inc. (GPUS) reported significant operating losses and ongoing financing activity through the six months ended June 30, 2025. Revenue totaled $25.9 million for the period, driven by crypto assets mining, hotel and real estate operations, and crane rental, while costs and operating expenses produced a loss from operations of $(16.5) million for the six months and a net loss of $(17.3) million for the quarter. The balance sheet shows cash and restricted cash of $27.3 million, negative working capital of $139.4 million, and an accumulated deficit of $(686.96) million. The company has issued multiple preferred series and convertible instruments and raised proceeds including approximately $7.9 million from Series B preferred stock and $14.6 million from Class A stock issuances. Several convertible notes and promissory notes are in default or near maturity, and management states these factors create substantial doubt about the company’s ability to continue as a going concern for at least one year.