QumulusAI, Inc. (QMLS) AI Stock Analysis

QumulusAI, Inc. operates as a cloud infrastructure company through two segments: Bitcoin and High-Performance Computing. The company engages in the deployment of graphics processing unit-powered solutions for artificial intelligence applications, as well as compute power, bitcoin mining, and hosting. It serves underserved small and mid-market customers, including machine learning teams, artificial intelligence infrastructure startups, and research institutions. Founded in 2019 and based in Atlanta, Georgia, the company was formerly known as Global Digital Holdings Inc. until it changed its name to QumulusAI, Inc. in August 2025. It has 25 employees.

Annual revenue rose from $5.1M in FY2023 to $8.1M in FY2024, an increase of 58.0%, before reaching $13.2M in FY2025 with growth of 62.5%. This performance represents a two-year revenue compound annual growth rate of 60.2%. Gross margin widened from 30.1% in FY2023 to 33.7% in FY2024 and 49.1% in FY2025. Operating margin improved from -159.6% in FY2023 to -96.2% in FY2024 and -85.3% in FY2025, while net income was -$12.4M, -$13.2M, and -$5.4M across those respective years. Over the trailing twelve months ending June 30, 2026, revenue totaled $17.0M, quarterly revenue grew 117.6% year-over-year, operating margin was -114.3%, and EPS stood at -$6.31.

As of June 30, 2026, QumulusAI held $20.0M in cash and short-term investments against total debt of $112.1M, yielding net debt of $92.2M. Total assets were $215.0M, while shareholders' equity was -$3.6M and the current ratio stood at 0.80. In FY2025, operating cash flow was -$5.7M and free cash flow was -$20.3M. The company directed capital toward $14.6M of capital expenditures and $293,742 of share buybacks during FY2025.

At the last close of $3.81 on October 16, 2026, QumulusAI had a market capitalization of $127.5M and an enterprise value of $419.2M. The stock traded at a price-to-sales multiple of 7.5x and an EV-to-revenue multiple of 22.9x. By comparison, the median of its US-listed Technology peers had a price-to-sales multiple of 2.8x. Over the past year, the S&P 500 (SPY) returned 16.8%, and over five years it gained 83.0%. QumulusAI has traded between a 52-week low of $3.70 and a 52-week high of $38.00.

Wall Street coverage consists of 1 Strong Buy, 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $16.00, which is 319.9% above the last close of $3.81. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $57.2M and EPS of -$1.04. For the following fiscal year, 2 analysts project revenue of $338.4M, indicating estimated revenue growth of 491.6%, alongside EPS of $0.01. The next earnings date is November 24, 2026.

This page is an AI-written research summary of QumulusAI, Inc. (QMLS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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