Company research
Corvex, Inc.
CIK 1734750Updated Sep 24, 2026
SecurityMOVE · NASDAQ · equity
Name history
Movano Inc. · through Mar 19, 2026Maestro Sensors Inc. · through Mar 20, 2018
MOVE price & chart
Loading TradingView…
NASDAQ:MOVE on TradingView ↗About the company
Corvex, Inc. (Nasdaq: MOVE) is an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads, and a publicly traded pure-play AI compute platform. The company provides secure, scalable and cost-efficient compute resources through GPU-accelerated clusters, high-throughput storage and a layered architecture engineered for reliability, performance and efficiency at scale. Corvex’s product suite includes AI Factories and GPU Clusters, the Assured AI confidential-computing platform, as well as the Corvex Token Factory, an inference platform currently in closed alpha. For more information, visit corvex.ai.
In the news
Finance and AI Executive Patrick Fleury to Join Corvex Board of Directors as Company Scales AI Cloud Infrastructure Platform and Prepares to Launch Token Factory ↗
Recent filings
EFFECT filing
S-8 filing
S-3 filing
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
D filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,600,000Source | 11,320,000Source | 9,421,000Source | 13,243,000Source |
| Property, Plant and Equipment, NetUSD | 101,000Source | 213,000Source | 342,000Source | 443,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,827,000Source | 7,902,000Source | 6,118,000Source | 10,759,000Source |
| Inventory, NetUSD | 1,766,000Source | 2,046,000Source | 1,114,000Source | — |
| Assets, CurrentUSD | 4,987,000Source | 10,390,000Source | 8,523,000Source | 11,646,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 243,000Source | 362,000Source | 442,000Source | 508,000Source |
| Operating Lease, Right-of-Use AssetUSD | 415,000Source | 600Source | — | — |
| Other Assets, NoncurrentUSD | 97,000Source | 717,000Source | 387,000Source | 487,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,074,000Source | 3,965,000Source | 5,972,000Source | 5,328,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 10,000Source | 10,000Source | 6,000Source | 3,000Source |
| Additional Paid in CapitalUSD | 162,908,000Source | 155,452,000Source | 127,823,000Source | 103,009,000Source |
| Retained Earnings (Accumulated Deficit)USD | -166,392,000Source | -148,107,000Source | -124,380,000Source | -95,097,000Source |
| Stockholders' Equity Attributable to ParentUSD | -3,474,000Source | 7,355,000Source | 3,449,000Source | 7,915,000Source |
| Liabilities and EquityUSD | 5,600,000Source | 11,320,000Source | 9,421,000Source | 13,243,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,807,000Source | 3,445,000Source | 5,899,000Source | 4,978,000Source |
| Operating Lease, Liability, CurrentUSD | 235,000Source | 169Source | — | — |
| Accounts Payable, CurrentUSD | 3,477,000Source | 2,016,000Source | 3,118,000Source | 557,000Source |
| Operating Lease, Liability, NoncurrentUSD | 267,000Source | 502Source | — | — |
| Other Liabilities, NoncurrentUSD | 267,000Source | 520,000Source | 50,000Source | 214,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | 1,529,000Source | 4,421,000Source |
| Deferred Revenue, CurrentUSD | — | — | 1,252,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 149,000Source | 166,000Source | 158,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,913,000Source | 3,225,000Source | 2,980,000Source | 3,096,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 505,000Source | 932,000Source | 1,114,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | 1,301,000Source | -1,096,000Source | 2,555,000Source | 246,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -11,268,000Source | -22,533,000Source | -26,177,000Source | -24,902,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -8,000Source | -64,000Source | 15,724,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 8,000Source | 64,000Source | 105,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 6,193,000Source | 24,325,000Source | 21,600,000Source | 2,262,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | -6,916,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,827,000Source | 7,902,000Source | 6,118,000Source | 10,759,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 4,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 3,225,000Source | 2,980Source | 3,096Source |
| DepreciationUSD | — | — | — | 147,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -2,000Source | -13,000Source | — |
| General and Administrative ExpenseUSD | 7,923,000Source | 11,033,000Source | 12,797,000Source | 11,468,000Source |
| Inventory Write-downUSD | 785,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -18,285,000Source | -23,727,000Source | -29,283,000Source | -30,329,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -18,322,000Source | — | — | -30,329,000Source |
| Nonoperating Income (Expense)USD | -2,782,000Source | 495,000Source | 407,000Source | — |
| Operating ExpensesUSD | — | — | 29,690,000Source | 30,462,000Source |
| Operating Lease, Impairment LossUSD | — | — | 842Source | 166,000Source |
| Other Nonoperating Income (Expense)USD | 183,000Source | 495,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 1,606,000Source | 1,680,000Source | 3,203,000Source | 2,231,000Source |
| Proceeds from Stock Options ExercisedUSD | 87,000Source | 15,000Source | 109,000Source | 31,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 433,000Source | 1,013,000Source | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -15,503,000Source | -24,222,000Source | -29,690,000Source | -30,462,000Source |
| Other Nonoperating Income (Expense)USD | 183,000Source | 495,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -18,285,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -18,285,000Source | -23,727,000Source | -29,283,000Source | -30,329,000Source |
| Earnings Per Share, BasicUSD per share | -21.79Source | -3.94Source | -0.63Source | -0.92Source |
| Earnings Per Share, DilutedUSD per share | -21.79Source | -3.94Source | -0.63Source | -0.91Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 840,720Source | 6,023,334Source | 46,195,403Source | 33,025,721Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 840,720Source | 6,023,334Source | 46,195,403Source | 33,000,166Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | 2.97Source |
| Costs and ExpensesUSD | 15,936,000Source | 25,235,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 112,000Source | — | — | — |
| General and Administrative ExpenseUSD | 7,923,000Source | 11,033,000Source | 12,797,000Source | 11,468,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -18,490,000Source | — | — | — |
| Interest Expense, DebtUSD | 2,965,000Source | — | — | 800,000Source |
| Interest Income (Expense), NetUSD | — | — | — | 133,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | 407,000Source | 133,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -18,322,000Source | — | — | -30,329,000Source |
| Nonoperating Income (Expense)USD | -2,782,000Source | 495,000Source | 407,000Source | — |
| Operating ExpensesUSD | — | — | 29,690,000Source | 30,462,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 37,000Source | — | — | — |
| Research and Development ExpenseUSD | 5,740,000Source | 11,195,000Source | 16,893,000Source | 18,994,000Source |
Offerings
Registration 333-297394
Registration 333-292707
Registration 333-292322
Registration 333-292321
Filing attachments
ea030451501ex99-1.htm · 8-K · 2026-09-04
EX-99.1 2 ea030451501ex99-1.htm UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION OF CORVEX, INC. AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND FOR THE YEAR ENDED DECEMBER 31, 2025 Exhibit 99.1 Corvex, Inc. Summary Historical and Pro Forma Consolidated Financial Data The amounts in this unaudited pro forma condensed combination financial information are presented in thousands of U.S. dollars except share and per share amounts. Introductory Note On March 19, 2026, Corvex…
Read attachment ↗ea030434301ex99-1.htm · 8-K · 2026-09-02
EX-99.1 4 ea030434301ex99-1.htm PRESS RELEASE, DATED AUGUST 31, 2026 Exhibit 99.1 Corvex Announces Significant Data Center Expansion; Increasing Current Capacity 5x with Contracted Path to 13x Critical IT capacity expected to increase more than five times from approximately 1.5 MW to approximately 8 MW by year-end 2026 Right of first refusal on an additional 12.5 MW expansion opportunity at the Midwest site provides potential pathway to more than 20 MW of total critical IT capacity, resul…
Read attachment ↗ea030200401ex99-1.htm · 8-K · 2026-08-14
EX-99.1 2 ea030200401ex99-1.htm PRESS RELEASE, DATED AUGUST 14, 2026 Exhibit 99.1 Corvex Reports Second Quarter 2026 Results and Provides Business Update Contracted annualized recurring revenue on live compute is approximately $22 million as of August 14, 2026 ARLINGTON, Va., August 14, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today reported financial results for the second q…
Read attachment ↗ea029478501ex99-1.htm · 8-K · 2026-06-16
EX-99.1 2 ea029478501ex99-1.htm PRESS RELEASE, DATED JUNE 16, 2026 Exhibit 99.1 Corvex Appoints Chance Moreland as CFO to Accelerate Capital Formation, AI Infrastructure Expansion Morgan Stanley veteran brings deep expertise in institutional capital markets execution to support Corvex’s next phase of growth in AI cloud infrastructure ARLINGTON, Va., June 16, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastru…
Read attachment ↗ea029145801ex99-1.htm · 8-K · 2026-05-19
EX-99.1 2 ea029145801ex99-1.htm PRESS RELEASE, DATED MAY 19, 2026 Exhibit 99.1 Corvex Reports Q1 2026 Financial Results and Provides Business Update Conference Call at 4:30 PM ET / 1:30 PM PT ARLINGTON, Va., May 19, 2026 -- Corvex, Inc. (Nasdaq:MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, reported first quarter 2026 results and provided a business update. Reported Q1’26 Highlights: Completed acquisition of Corvex Op…
Read attachment ↗ea029105801ex99-1.htm · 8-K · 2026-05-19
EX-99.1 2 ea029105801ex99-1.htm UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION OF CORVEX, INC. AS OF AND FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND FOR THE YEAR ENDED DECEMBER 31, 2025 Exhibit 99.1 Corvex, Inc. Summary Historical and Pro Forma Consolidated Financial Data The amounts in this unaudited pro forma condensed combination financial information are presented in thousands of U.S. dollars except share and per share amounts. Introductory Note On March 19, 2026, Cor…
Read attachment ↗