Company research
Corvex, Inc.
CIK 1734750Updated Nov 13, 2026
SecurityMOVE · NASDAQ · equity
Name history
Movano Inc. · through Mar 19, 2026Maestro Sensors Inc. · through Mar 20, 2018
MOVE price & chart
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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
10-Q filing
8-K filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
424B5 filing
EFFECT filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 5,557,000Source | 15,067,000Source | 599,323,000Source | 5,660,000Source | 20,826,000Source | 604,483,000Source | 7,766,000Source | 5,135,000Source | 5,600,000Source | 11,320,000Source | 9,421,000Source | 13,243,000Source |
| Property, Plant and Equipment, NetUSD | 129,000Source | 237,000Source | 31,373,000Source | 157,000Source | 272,000Source | 29,074,000Source | 184,000Source | 299,000Source | 101,000Source | 213,000Source | 342,000Source | 443,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,000,000Source | 11,272,000Source | 21,695,000Source | 2,109,000Source | 16,868,000Source | 29,330,000Source | 4,357,000Source | 2,145,000Source | 2,827,000Source | 7,902,000Source | 6,118,000Source | 10,759,000Source |
| Inventory, NetUSD | 2,473,000Source | 2,033,000Source | — | 2,479,000Source | 1,790,000Source | 1,776,000Source | 2,258,000Source | 1,064,000Source | 1,766,000Source | 2,046,000Source | 1,114,000Source | — |
| Assets, CurrentUSD | 4,863,000Source | 14,014,000Source | 28,262,000Source | 4,886,000Source | 19,689,000Source | 37,903,000Source | 6,915,000Source | 4,445,000Source | 4,987,000Source | 10,390,000Source | 8,523,000Source | 11,646,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 276,000Source | 467,000Source | 5,003,000Source | 238,000Source | 776,000Source | 5,293,000Source | 246,000Source | 326,000Source | 243,000Source | 362,000Source | 442,000Source | 508,000Source |
| Operating Lease, Right-of-Use AssetUSD | 463,000Source | 636,000Source | 5,286,000Source | 509,000Source | 679,000Source | 3,792,000Source | 555,000Source | 191,000Source | 415,000Source | 600Source | — | — |
| Other Assets, NoncurrentUSD | 102,000Source | 761,000Source | 37,000Source | 108,000Source | — | 92,000Source | 112,000Source | — | 97,000Source | 717,000Source | 387,000Source | 487,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 7,258,000Source | 4,816,000Source | 26,072,000Source | 4,023,000Source | 4,048,000Source | 28,480,000Source | 4,532,000Source | 6,613,000Source | 9,074,000Source | 3,965,000Source | 5,972,000Source | 5,328,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 10,000Source | 10,000Source | — | 10,000Source | 10,000Source | — | 10,000Source | 6,000Source | 10,000Source | 10,000Source | 6,000Source | 3,000Source |
| Additional Paid in CapitalUSD | 158,828,000Source | 153,732,000Source | 180,280,000Source | 158,137,000Source | 153,058,000Source | 172,931,000Source | 156,509,000Source | 128,616,000Source | 162,908,000Source | 155,452,000Source | 127,823,000Source | 103,009,000Source |
| Retained Earnings (Accumulated Deficit)USD | -160,539,000Source | -143,491,000Source | -184,162,000Source | -156,510,000Source | -136,290,000Source | -171,397,000Source | -153,285,000Source | -130,100,000Source | -166,392,000Source | -148,107,000Source | -124,380,000Source | -95,097,000Source |
| Stockholders' Equity Attributable to ParentUSD | -1,701,000Source | 10,251,000Source | 573,251,000Source | 1,637,000Source | 16,778,000Source | 576,003,000Source | 3,234,000Source | -1,478,000Source | -3,474,000Source | 7,355,000Source | 3,449,000Source | 7,915,000Source |
| Liabilities and EquityUSD | 5,557,000Source | 15,067,000Source | 599,323,000Source | 5,660,000Source | 20,826,000Source | 604,483,000Source | 7,766,000Source | 5,135,000Source | 5,600,000Source | 11,320,000Source | 9,421,000Source | 13,243,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 6,926,000Source | 4,233,000Source | 15,680,000Source | 3,627,000Source | 3,421,000Source | 17,678,000Source | 4,073,000Source | 6,569,000Source | 8,807,000Source | 3,445,000Source | 5,899,000Source | 4,978,000Source |
| Operating Lease, Liability, CurrentUSD | 228,000Source | 90,000Source | 2,591,000Source | 208,000Source | 101,000Source | 1,893,000Source | 188,000Source | 160,000Source | 235,000Source | 169Source | — | — |
| Accounts Payable, CurrentUSD | 2,872,000Source | 1,896,000Source | 3,870,000Source | 2,791,000Source | 1,538,000Source | 3,668,000Source | 2,525,000Source | 3,977,000Source | 3,477,000Source | 2,016,000Source | 3,118,000Source | 557,000Source |
| Operating Lease, Liability, NoncurrentUSD | 329,000Source | 557,000Source | 2,900,000Source | 387,000Source | 593,000Source | 2,090,000Source | 445,000Source | 2,000Source | 267,000Source | 502Source | — | — |
| Other Liabilities, NoncurrentUSD | 332,000Source | 583,000Source | — | 396,000Source | 623,000Source | — | 459,000Source | 33,000Source | 267,000Source | 520,000Source | 50,000Source | 214,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | 102,000Source | 3,499,000Source | — | — | 1,535,000Source | — | — | — | — | 1,529,000Source | 4,421,000Source |
| Deferred Revenue, CurrentUSD | — | — | — | — | — | — | — | 251,000Source | — | — | 1,252,000Source | — |
| Goodwill | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Intangible Assets, Net (Excluding Goodwill) | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Preferred Stock, Value, Issued | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | 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 | — | — | — | — | — | — | 326,000Source | 38,000Source | 149,000Source | 166,000Source | 158,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,178,000Source | 299,000Source | 2,913,000Source | 3,225,000Source | 2,980,000Source | 3,096,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 42,000Source | 212,000Source | 505,000Source | 932,000Source | 1,114,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -1,362,000Source | 509,000Source | 1,301,000Source | -1,096,000Source | 2,555,000Source | 246,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -4,288,000Source | -4,303,000Source | -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 | — | — | — | — | — | — | 30,441,000Source | — | — | -8,000Source | -64,000Source | 15,724,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 6,238,000Source | — | — | 8,000Source | 64,000Source | 105,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 350,000Source | 758,000Source | 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 | — | — | 2,000,000Source | 11,272,000Source | 21,695,000Source | 2,109,000Source | 29,330,000Source | 4,357,000Source | 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 | — | — | — | — | — | — | 1,000Source | — | 4,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 93,000Source | 534,000Source | — | 250,000Source | 65,400,000Source | 299,000Source | — | 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 | — | — | 1,225,000Source | 3,180,000Source | 12,117,000Source | 1,600,000Source | 3,393,000Source | 1,637,000Source | 7,923,000Source | 11,033,000Source | 12,797,000Source | 11,468,000Source |
| Inventory Write-downUSD | — | — | — | — | — | — | 32,000Source | — | 785,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -4,029,000Source | -7,201,000Source | -12,765,000Source | -3,225,000Source | -5,005,000Source | -5,178,000Source | -18,285,000Source | -23,727,000Source | -29,283,000Source | -30,329,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | -12,824,000Source | -3,225,000Source | -5,101,000Source | -5,178,000Source | -18,322,000Source | — | — | -30,329,000Source |
| Nonoperating Income (Expense)USD | — | — | -1,438,000Source | 178,000Source | 2,471,000Source | 35,000Source | -158,000Source | 60,000Source | -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 | — | — | 65,000Source | 178,000Source | — | 35,000Source | 20,000Source | 60,000Source | 183,000Source | 495,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | 758,000Source | 1,606,000Source | 1,680,000Source | 3,203,000Source | 2,231,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 382,000Source | — | 87,000Source | 15,000Source | 109,000Source | 31,000Source |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Amortization of Intangible Assets | — | — | —Source | —Source | —Source | — | —Source | — | — | — | — | — |
| Financing Interest Expense | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Gain (Loss) on Disposition of Assets | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Income Tax Expense (Benefit) | — | — | — | —Source | —Source | — | — | — | — | — | — | — |
| Operating Costs and Expenses | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 80,000Source | 50,000Source | 3,801,000Source | 103,000Source | 510,000Source | 206,000Source | 433,000Source | 1,013,000Source | — | — |
| Cost of Goods and Services Sold | — | — | —Source | —Source | — | —Source | — | —Source | —Source | —Source | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | -2,591,000Source | -7,379,000Source | -15,216,000Source | -3,260,000Source | -4,847,000Source | -5,238,000Source | -15,503,000Source | -24,222,000Source | -29,690,000Source | -30,462,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 65,000Source | 178,000Source | — | 35,000Source | 20,000Source | 60,000Source | 183,000Source | 495,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | -12,745,000Source | -3,225,000Source | -5,005,000Source | -5,178,000Source | -18,285,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -4,029,000Source | -7,201,000Source | -12,765,000Source | -3,225,000Source | -5,005,000Source | -5,178,000Source | -18,285,000Source | -23,727,000Source | -29,283,000Source | -30,329,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -4.73Source | -10.56Source | -5.12Source | -3.05Source | -3.13Source | -5.35Source | -21.79Source | -3.94Source | -0.63Source | -0.92Source |
| Earnings Per Share, DilutedUSD per share | — | — | -4.73Source | -10.56Source | -5.12Source | -3.05Source | -3.13Source | -5.35Source | -21.79Source | -3.94Source | -0.63Source | -0.91Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 851,090Source | 681,634Source | 2,506,295Source | 1,058,412Source | 1,628,515Source | 967,331Source | 840,720Source | 6,023,334Source | 46,195,403Source | 33,025,721Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 851,090Source | 681,634Source | 2,506,295Source | 1,058,412Source | 1,628,515Source | 967,331Source | 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 | — | — | 2,671,000Source | 7,429,000Source | 19,017,000Source | 3,363,000Source | 5,357,000Source | 5,444,000Source | 15,936,000Source | 25,235,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 28,000Source | 30,000Source | 2,676,000Source | 56,000Source | 326,000Source | 38,000Source | 112,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 1,225,000Source | 3,180,000Source | 12,117,000Source | 1,600,000Source | 3,393,000Source | 1,637,000Source | 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 | — | — | 1,503,000Source | — | 31,000Source | — | 178,000Source | — | 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 | — | — | — | — | -12,824,000Source | -3,225,000Source | -5,101,000Source | -5,178,000Source | -18,322,000Source | — | — | -30,329,000Source |
| Nonoperating Income (Expense)USD | — | — | -1,438,000Source | 178,000Source | 2,471,000Source | 35,000Source | -158,000Source | 60,000Source | -2,782,000Source | 495,000Source | 407,000Source | — |
| Operating ExpensesUSD | — | — | — | — | — | — | — | — | — | — | 29,690,000Source | 30,462,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | — | 59,000Source | — | 96,000Source | — | 37,000Source | — | — | — |
| Research and Development ExpenseUSD | — | — | 1,166,000Source | 3,404,000Source | 1,366,000Source | 1,401,000Source | 822,000Source | 2,364,000Source | 5,740,000Source | 11,195,000Source | 16,893,000Source | 18,994,000Source |
| Selling, General and Administrative Expense | — | — | — | —Source | — | — | — | — | — | — | — | — |
| Income Tax Expense (Benefit) | — | — | — | —Source | —Source | — | — | — | — | — | — | — |
| Amortization of Intangible Assets | — | — | —Source | —Source | —Source | — | —Source | — | — | — | — | — |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Financing Interest Expense | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Operating Costs and Expenses | — | — | — | —Source | — | — | — | — | — | — | — | — |
| Selling and Marketing Expense | — | — | — | — | —Source | — | —Source | —Source | — | — | — | — |
Offerings
Registration 333-299145
Registration 333-298769
Registration 333-297394
Registration 333-292707
Registration 333-292322
Registration 333-292321
Filing attachments
ea030364401ex4-14.htm · S-8 · 2026-09-04
Exhibit 4.14 NOTICE OF GRANT OF PERFORMANCE SHARES CORVEX, INC. Inducement award FOR GOOD AND VALUABLE CONSIDERATION, Corvex, Inc. (the “Company”) hereby grants, to the Participant designated below, the number of target Performance Shares specified below (the “Award”). The Award constitutes a non-plan “inducement award” as contemplated by The Nasdaq Stock Market Listing Rule 5635(c)(4) and is therefore not made under the Corvex, Inc. 2026 Equity Incentive Plan (the “Plan”). Nonetheless, the A…
Read attachment ↗ea030366301ex4-5.htm · S-3 · 2026-09-04
Exhibit 4.5 CORVEX, INC., Issuer AND [TRUSTEE], Trustee INDENTURE Dated as of [●], 202[●] Senior Debt Securities TABLE OF CONTENTS 1 ARTICLE 1 DEFINITIONS 1 Section 1.01 Definitions of Terms 1 ARTICLE 2 ISSUE, …
Read attachment ↗ea030366301ex4-6.htm · S-3 · 2026-09-04
Exhibit 4.6 CORVEX, INC., Issuer AND [TRUSTEE], Trustee INDENTURE Dated as of [●], 202[●] Subordinated Debt Securities TABLE OF CONTENTS 1 ARTICLE 1 DEFINITIONS 1 Section 1.01 Definitions of Terms 1 ARTICLE 2 I…
Read attachment ↗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 ↗