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Financial Snapshot

Revenue
TTM
$737.0K
Gross Margin
TTM
-662.4%
Net Income
TTM
-$18.15M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
214.41%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$576.0M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$15.88M

Stock Price

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Market Cap: $41.404 Million

About Corvex, Inc

Corvex, Inc. (NASDAQ: MOVE) is an AI infrastructure company that provides GPU-accelerated computing platforms for AI training and inference workloads. The company generates revenue by selling access to high-density GPU clusters, networking, storage, and software through a direct sales model, serving customers who need to run large-scale AI workloads without building or operating the underlying infrastructure themselves. Corvex emerged in its current form on March 19, 2026, when Movano Inc. acquired Corvex Legacy Holdings, Inc. through a merger, adopting the Corvex name and ticker MOVE. The platform is delivered in managed Kubernetes, bare metal, on-premise, multi-tenant, and single-tenant configurations, with HIPAA and SOC 2 Type II compliance. Corvex holds an NVIDIA Certified Cloud Partner designation and leases data-center capacity from third-party providers to supply power, cooling, and connectivity for its GPU clusters, which include NVIDIA B200 GPUs as of the filing date.

Revenue model
Corvex sells AI infrastructure capacity, including GPU compute clusters, high-throughput storage, and networking, on a contract basis through a direct, top-down sales model. Customer contracts include service-level agreements with provisions for service credits, liquidated damages, or termination rights if uptime or performance targets are missed.
Products and services
AI Factories and GPU Clusters: integrated computing and data-center platform combining high-performance AI accelerators, networking, power, cooling, and systems software for AI training and inference. Confidential Computing: patent-pending Corvex Secure Model Weights product designed to protect AI model intellectual property and enable secure inference on third-party GPU infrastructure. Delivery options include managed Kubernetes and bare metal, in on-premise, multi-tenant, and single-tenant configurations.
Customers and end markets
Technology companies represent a significant portion of the customer base, as stated in the 10-K filed 2026-03-31. The platform serves organizations across a broad range of industries requiring AI model training, real-time analytics, and high-resolution imaging data processing. Customers include AI model builders and security-conscious enterprises.
Value-chain role
Corvex sits between GPU hardware manufacturers such as NVIDIA and end-user enterprises, providing managed AI infrastructure so customers avoid building or operating GPU clusters themselves. The company leases data-center space from third-party facility providers and sources hardware from a limited number of suppliers, then delivers compute, storage, networking, and orchestration software as an integrated service.

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Computer Processing & Data Preparation Peers: Apple Inc AstroNova Inc Boxlight Corp Immersion Corp INTEVAC INC One Stop Systems Inc Turtle Beach Corp Quantum Corp TransAct Technologies Inc

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