NASDAQ : QMLS
QumulusAI, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 3.495 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 116.94M
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Financial statements
QumulusAI, Inc. (QMLS) reported revenue of 17.02M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 17.02M | 11.85M | 8.10M | 5.12M |
| Cost of Revenue | 8.20M | 6.42M | 5.37M | 3.58M |
| Gross Profit | 8.82M | 5.42M | 2.72M | 1.54M |
| Selling, General & Admin | 15.48M | 10.00M | 3.35M | 2.01M |
| Operating Expenses | 29.17M | 15.68M | 10.51M | 9.72M |
| Operating Income | -20.35M | -10.26M | -7.79M | -8.18M |
| Interest Expense | -3.57M | -1.93M | -1.12M | -1.25M |
| Earnings From Equity Investments | 513.05K | 1.36M | -274.27K | -166.47K |
| Other Non Operating Income (Expenses) | -78.16M | -5.51M | -2.39M | -1.58M |
| EBT Excluding Unusual Items | -101.56M | -16.34M | -11.57M | -11.17M |
| Gain (Loss) on Sale of Investments | 12.57M | 14.55M | 990.33K | -258.00K |
| Gain (Loss) on Sale of Assets | 36.76K | 462.00 | -2.53M | -369.41K |
| Other Unusual Items | 1.76M | -2.24M | -83.76K | |
| Pretax Income | -87.20M | -4.04M | -13.18M | -11.79M |
| Income Tax Expense | -46.80K | 423.38K | 631.12K | |
| Earnings From Continuing Operations | -87.15M | -4.46M | -13.18M | -12.43M |
| Minority Interest in Earnings | 321.21K | 170.50K | ||
| Net Income | -86.83M | -4.29M | -13.18M | -12.43M |
| Preferred Dividends & Other Adjustments | 89.39M | 89.39M | ||
| Net Income to Common | -176.21M | -93.68M | -13.18M | -12.43M |
| Shares Outstanding (Basic) | 28.34M | 20.25M | 13.80M | 13.80M |
| Shares Outstanding (Diluted) | 28.34M | 20.25M | 13.80M | 13.80M |
| EPS (Basic) | -6.22 | -4.63 | -0.96 | -0.90 |
| EPS (Diluted) | -6.22 | -4.63 | -0.96 | -0.90 |
| Free Cash Flow | -46.81M | -20.27M | -4.87M | -1.41M |
| Free Cash Flow Per Share | -1.65 | -1.00 | -0.35 | -0.10 |
| Gross Margin | 51.84% | 45.79% | 33.66% | 30.10% |
| Operating Margin | -119.53% | -86.61% | -96.17% | -159.57% |
| Profit Margin | -1,035.22% | -790.79% | -162.86% | -242.45% |
| Free Cash Flow Margin | -275.01% | -171.11% | -60.18% | -27.50% |
| EBITDA | -11.23M | -4.58M | -621.92K | -466.87K |
| EBITDA Margin | -66.00% | -38.64% | -7.68% | -9.11% |
| D&A For EBITDA | 9.11M | 5.68M | 7.16M | 7.71M |
| EBIT | -20.35M | -10.26M | -7.79M | -8.18M |
| EBIT Margin | -119.53% | -86.61% | -96.17% | -159.57% |
| Revenue as Reported | 17.02M | 11.85M | 8.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 19.97M | 11.71M | 4.36M | 741.34K |
| Cash & Short-Term Investments | 19.97M | 11.71M | 4.36M | 741.34K |
| Accounts Receivable | 11.06M | 57.89K | 42.78K | 196.93K |
| Other Receivables | 82.21K | 4.35K | ||
| Receivables | 11.06M | 57.89K | 220.69K | 326.65K |
| Prepaid Expenses | 2.25M | 1.13M | 203.24K | 38.67K |
| Total Current Assets | 53.20M | 12.91M | 4.79M | 1.11M |
| Property, Plant & Equipment | 93.30M | 20.94M | 4.29M | 11.83M |
| Long-Term Investments | 1.00M | 4.23M | 8.66M | 7.74M |
| Goodwill | 31.42M | 31.42M | ||
| Other Intangible Assets | 7.23M | 7.27M | ||
| Other Long-Term Assets | 28.85M | 14.98M | 2.48M | 419.62K |
| Total Assets | 215.00M | 91.73M | 20.35M | 21.10M |
| Accounts Payable | 7.55M | 1.25M | 803.41K | 910.43K |
| Accrued Expenses | 4.68M | 2.83M | 2.31M | 1.56M |
| Short-Term Debt | 292.66K | |||
| Current Portion of Long-Term Debt | 10.05M | 5.53M | 4.17M | 920.12K |
| Current Portion of Leases | 13.17M | 1.74M | 62.03K | |
| Other Current Liabilities | 359.19K | 359.19K | 943.43K | 1.41M |
| Total Current Liabilities | 66.51M | 12.14M | 8.58M | 4.79M |
| Long-Term Debt | 73.42M | 6.24M | 3.91M | 8.64M |
| Long-Term Leases | 34.17M | 6.68M | 1.60M | |
| Other Long-Term Liabilities | 41.69M | 1.38M | 4.82M | 2.95M |
| Total Liabilities | 215.78M | 26.44M | 18.90M | 16.39M |
| Common Stock | 99.39M | 93.40M | 408.50K | 408.50K |
| Additional Paid-In Capital | 6.83M | 6.32M | 2.01M | 624.03K |
| Retained Earnings | -109.79M | -37.55M | -33.26M | -20.07M |
| Total Common Equity | -3.57M | 62.17M | -30.84M | -19.04M |
| Minority Interest | 2.79M | 3.12M | ||
| Shareholders' Equity | -781.26K | 65.29M | 1.44M | 4.71M |
| Total Liabilities & Equity | 215.00M | 91.73M | 20.35M | 21.10M |
| Total Debt | 130.81M | 20.20M | 10.03M | 9.56M |
| Net Cash (Debt) | -110.84M | -8.48M | -5.67M | -8.82M |
| Net Cash Per Share | -3.91 | -0.42 | -0.41 | -0.64 |
| Filing Date Shares Outstanding | 33.46M | 31.54M | 12.84M | 13.80M |
| Total Common Shares Outstanding | 31.73M | 31.37M | 12.84M | 13.80M |
| Working Capital | -13.30M | 765.15K | -3.80M | -3.69M |
| Book Value Per Share | -0.11 | 1.98 | -2.40 | -1.38 |
| Tangible Book Value | -42.21M | 23.49M | -30.84M | -19.04M |
| Tangible Book Value Per Share | -1.33 | 0.75 | -2.40 | -1.38 |
| Land | 170.00K | |||
| Buildings | 961.54K | 961.54K | 961.54K | 9.38K |
| Machinery | 50.73M | 14.51M | 2.14M | 2.39M |
| Construction In Progress | 1.32M | 1.33M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -86.83M | -4.29M | -13.18M | -12.43M |
| Depreciation & Amortization | 13.41M | 5.79M | 7.26M | 7.71M |
| Other Amortization | 49.02K | 167.66K | 322.66K | 95.66K |
| Loss (Gain) From Sale of Assets | -36.76K | -462.00 | 2.53M | 473.60K |
| Loss (Gain) From Sale of Investments | -12.57M | -14.55M | -990.33K | 258.00K |
| Loss (Gain) on Equity Investments | -513.05K | -1.36M | 274.27K | 166.47K |
| Stock-Based Compensation | 914.00K | 922.74K | 313.64K | 79.09K |
| Provision & Write-off of Bad Debts | 302.24K | -36.92K | 6.86K | 30.06K |
| Other Operating Activities | 78.28M | 8.59M | 2.65M | 2.05M |
| Change in Accounts Receivable | -11.35M | -15.11K | 261.59K | -196.93K |
| Change in Accounts Payable | 5.41M | 272.51K | -107.03K | 356.32K |
| Change in Other Net Operating Assets | -99.03K | -1.16M | -1.35M | 492.24K |
| Operating Cash Flow | 17.42M | -5.68M | -2.02M | -905.88K |
| Capital Expenditures | -64.24M | -14.59M | -2.85M | -503.24K |
| Sale of Property, Plant & Equipment | 482.16K | 4.00K | 241.74K | |
| Cash Acquisitions | -7.77K | 2.44M | ||
| Investment in Securities | 16.97M | 3.23M | 833.53K | -876.18K |
| Other Investing Activities | -1.80M | 70.67K | ||
| Investing Cash Flow | -48.59M | -8.56M | -1.87M | -63.63K |
| Short-Term Debt Issued | 648.26K | |||
| Long-Term Debt Issued | 7.17K | |||
| Total Debt Issued | 49.08M | 7.17K | 648.26K | |
| Short-Term Debt Repaid | -299.08K | -355.60K | ||
| Long-Term Debt Repaid | -8.60M | -1.66M | -385.02K | |
| Total Debt Repaid | -14.71M | -8.90M | -2.02M | -385.02K |
| Net Debt Issued (Repaid) | 34.36M | -8.89M | -1.37M | -385.02K |
| Issuance of Common Stock | 32.29M | 28.20M | ||
| Common Dividends Paid | -36.76K | -36.76K | ||
| Other Financing Activities | 751.00K | 3.00M | ||
| Financing Cash Flow | 67.08M | 21.98M | 7.23M | 114.98K |
| Net Cash Flow | 35.91M | 7.74M | 3.34M | -854.53K |
| Free Cash Flow | -46.81M | -20.27M | -4.87M | -1.41M |
| Free Cash Flow Margin | -275.01% | -171.11% | -60.18% | -27.50% |
| Free Cash Flow Per Share | -1.65 | -1.00 | -0.35 | -0.10 |
| Levered Free Cash Flow | -59.58M | -15.29M | -394.08K | |
| Unlevered Free Cash Flow | -57.39M | -14.26M | -17.05K | |
| Cash Interest Paid | 2.84M | 907.79K | 793.12K | |
| Change in Working Capital | 24.42M | -900.50K | -1.20M | 651.63K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Debt / Equity Ratio | -167.44 | 0.31 | 6.95 | 2.03 |
| Net Debt / Equity Ratio | -141.88 | 0.13 | 3.93 | 1.87 |
| Net Debt / EBITDA Ratio | -9.87 | -1.85 | -9.11 | -18.89 |
| Net Debt / FCF Ratio | -2.37 | -0.42 | -1.16 | -6.26 |
| Asset Turnover | 0.12 | 0.21 | 0.39 | |
| Quick Ratio | 0.47 | 0.97 | 0.52 | 0.20 |
| Current Ratio | 0.80 | 1.06 | 0.56 | 0.23 |
| Return on Equity (ROE) | -492.33% | -13.37% | -428.65% | |
| Return on Assets (ROA) | -9.02% | -11.44% | -23.48% | |
| Return on Capital Employed (ROCE) | -13.70% | -12.90% | -66.20% | -50.20% |
| Buyback Yield / Dilution | -49.01% | -46.77% |