QumulusAI Reports Third Quarter 2026 Results
Business Wire•10/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $14.8 million, up 376% year over year
- ➤Adjusted EBITDA $3.7 million, first positive quarter
- ➤Signed customer contract value reaches $528.7 million
- ➤New $240.9 million take-or-pay agreements cover 2,000-plus NVIDIA Blackwell B300 GPUs
- ➤$71.9 million Blackwell agreement fully operational, with every GPU billing within three months
- ➤Active capacity reaches 8 MW; Denver and Columbia sites target Q1 and December service
Expert Statements
Michael Maniscalco, CEO of QumulusAI
“Revenue doubled again this quarter, and remaining performance obligations grew to $515.0 million from $173.1 million at the end of the second quarter. That’s the model doing its job: we sell the capacity before we energize it, we deploy into pockets of existing power, and we bring it online in months, not years.”
Michael Maniscalco, CEO of QumulusAI
“And the third quarter is still early in that ramp. We had compute coming online throughout the quarter, and into the fourth, so much of it hasn’t yet billed for a full period.”
Quarterly revenue reaches $14.8 million, doubling sequentially for the second straight quarter; cumulative signed customer contract value surpasses $500 million.
QumulusAI (Nasdaq: QMLS), a neocloud infrastructure provider purpose-built for the AI computing era, today reported financial results for the third quarter ended September 30, 2026.
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