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QumulusAI, Inc. (QMLS) reported that Chief Marketing Officer Stephen Eric Hunton acquired three grants of common stock on September 1, 2026 as compensation awards. The grants are structured as restricted stock units that vest over multi‑year schedules tied to continued employment.
One award vests 15,971 shares on September 1, 2026 with the remainder vesting 6.25% quarterly over 12 quarters from December 1, 2026, and another vests 23,531 shares on September 1, 2027 with similar quarterly vesting from December 1, 2027. Additional tranches of 2,931, 1,465, and 1,465 shares vest on February 24, May 24, and August 24, 2027, respectively, and a total of 147,899 shares are scheduled to be issued upon vesting under the company’s 2026 Equity Incentive Plan.
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. Maniscalco Michael reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) reported that Chief Executive Officer and director Michael Maniscalco received two equity awards of common stock in the form of restricted stock units on September 1, 2026. One award covers 127,768 shares, vesting partly on September 1, 2026 and then quarterly, and the other covers 303,406 shares, vesting partly on September 1, 2027 and then quarterly. After these grants, his reported holdings include 399,232 shares to be issued upon future vesting of restricted stock unit awards under the QumulusAI, Inc. 2026 Equity Incentive Plan, subject to his continued employment. No transactions are reported under a Rule 10b5-1 trading plan.
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. Aderhold Michael Houston reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) reports that ten percent owner Michael Houston Aderhold received two compensation-related grants of Common Stock on September 1, 2026 totaling 85,690 shares, structured as restricted stock unit (RSU) awards under the QumulusAI, Inc. 2026 Equity Incentive Plan at no cash cost.
The first RSU award covers 48,552 shares, vesting 12,138 shares on March 1, 2027 and 6.25% of the remaining shares quarterly over 12 quarters starting June 1, 2027. The second covers 37,138 shares, vesting 9,285 shares on September 1, 2027 and 6.25% of the remaining shares quarterly over 12 quarters starting December 1, 2027, all conditioned on continued employment. A separate line shows 96,293 Common Shares held indirectly through MHA Technologies LLC, which includes 85,690 shares to be issued upon RSU vesting.
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. Gertz Stephen Ralph reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) reported that Chief Growth Officer Stephen Ralph Gertz received several equity awards of common stock on September 1, 2026, all at no cash cost to him, structured as restricted stock units under the company’s 2026 Equity Incentive Plan.
The awards include tranches that vest on October 1, 2026, March 1, 2027, and September 1, 2027, with portions of certain grants vesting quarterly over 12 quarters thereafter, in each case conditioned on his continued employment. Gertz also holds common stock indirectly through JGS Partners LLC, and no Rule 10b5-1 trading plan is reported.
QumulusAI, Inc. (QMLS) reported rapid growth but heavy losses for the quarter and six months ended June 30, 2026. Revenue rose to $10.1 million for the first half of 2026 from $5.0 million a year earlier, driven mainly by compute power revenue of $7.7 million. Cryptocurrency mining and hosting contributed the balance.
The company posted an operating loss of $13.2 million and a net loss of $72.4 million, largely impacted by a $73.9 million loss on issuance of a convertible note and sizeable fair‑value items. Total liabilities climbed to $215.8 million, including a $55.5 million convertible note and a $38.7 million additional convertible notes option liability, resulting in a shareholders’ deficit of $3.6 million attributable to QumulusAI shareholders.
Management disclosed that recurring losses and reliance on debt initially raised substantial doubt about continuing as a going concern. As of June 30, 2026, cash was $20.0 million plus $19.9 million in restricted cash, and operating activities generated $22.3 million of cash in the first half. The company expects access to previously restricted cash, an additional $15.3 million USD.AI protocol draw, and new July 2026 contracts totaling about $103.9 million in future revenue (with $20.9 million of deposits) to alleviate that doubt. Remaining performance obligations for direct compute contracts were $173.1 million, with $34.4 million expected to be recognized in 2026.
QumulusAI, Inc. (QMLS) reported rapid top-line growth but very heavy losses for the six months ended June 30, 2026. Total revenue rose to $10.1 million from $5.0 million a year earlier, driven mainly by compute power revenue of $7.7 million, alongside mining hosting and cryptocurrency mining.
The company recorded a net loss of $72.4 million, compared with net income of $10.3 million in the prior-year period, and moved from shareholders’ equity of $65.3 million at year-end 2025 to a shareholders’ deficit of $0.8 million. Operating activities generated $22.3 million of cash, while heavy investments in property, equipment and power infrastructure drove $36.3 million of cash used in investing.
Total assets increased to $215.0 million, funded largely by significant debt and derivative liabilities, including a $55.5 million convertible note and a $38.7 million additional convertible notes option liability. Management states that recurring losses and reliance on debt financing raise substantial doubt about continuing as a going concern, but points to cash of $19.97 million, restricted cash of $19.93 million to be released after its July 2026 direct listing, an additional $15.3 million draw under the USD.AI protocol, and July 2026 contracts totaling about $103.9 million in future revenue (with $20.9 million deposits) as plans to alleviate that doubt. Remaining performance obligations total $173.1 million, mainly from multi-year compute power contracts.
QumulusAI, Inc. (QMLS) reported strong top-line growth but wider losses for the quarter ended June 30, 2026. Revenue was $6.7 million, more than double the prior-year quarter’s $3.1 million, driven mainly by revenue from compute power of $5.6 million. Gross margin improved to 66.6%, up from 55.1% a year ago and 37.5% in Q1 2026, as GPU activations scaled faster than colocation costs.
Despite this, operating loss widened to $7.7 million and net loss was $22.8 million, compared with net income of $12.1 million in Q2 2025, reflecting large non-operating charges including a $19.2 million loss on issuance of a convertible note. Adjusted EBITDA was a loss of $0.8 million. Cash and restricted cash rose to $39.9 million, supported by $22.3 million of operating cash flow in the first half, aided by a $30.5 million increase in deferred revenue. However, total liabilities expanded to $215.8 million, and shareholders’ equity turned into a deficit of $(3.6) million attributable to shareholders, as the company added $55.5 million of convertible notes and $45.8 million of finance lease liabilities.
QumulusAI, Inc. expects to report as of June 30, 2026 cash of approximately $19.97 million, gross profit of approximately $4.47 million for the quarter, and $5.75 million for the six-month period. Management characterizes these figures as preliminary, unaudited estimates that remain subject to completion of financial closing procedures and review, and the company’s independent registered public accounting firm has not performed any work on them.
QumulusAI also announced it will release full second-quarter 2026 results after market close on August 25, 2026, and host its first quarterly earnings conference call as a public company that day at 5:00 p.m. Eastern Time, with webcast and dial-in details provided for investors.
QumulusAI, Inc. major shareholder Robert C. Bissell reported a significant ownership position in the company’s common stock. He is deemed to beneficially own 5,858,484 shares of QumulusAI common stock, representing 17.8% of the outstanding class, based on 32,867,931 shares outstanding as referenced in a July 14, 2026 prospectus.
Bissell has sole voting and dispositive power over 1,756,575 shares, consisting of 1,439,656 shares held directly and 316,919 shares held by Chalin, Inc., over which he also has sole voting and dispositive power. An additional 4,101,909 shares are held by Gratus Holdings, LLC, over which Bissell and his spouse share voting and dispositive power, giving them shared voting and dispositive power over 4,101,909 shares.