{"data":{"ticker":"QMLS","slug":"qumulusai","name":"QumulusAI","exchange":"NASDAQ","sector":"Technology","headquarters":"Atlanta, Georgia","ceo":"Michael Maniscalco","employees":25,"website":"https://www.qumulusai.com","founded":"2019","layers":[{"slug":"neoclouds","name":"Neoclouds"}],"exposure":{"score":58,"tier":"Strategic","rationale":"QumulusAI leases Nvidia GPU clusters to AI companies for training and inference, so nearly all of its revenue already depends on AI compute demand. The exposure hinges on the company diversifying beyond its early reliance on a single marketplace partner and funding its planned GPU fleet expansion, since its direct listing raised no guaranteed capital and it has flagged going concern risk."},"quote":{"price":3.18,"change24hPct":-9.14,"change7dPct":1.27,"change30dPct":-51.3,"change1yPct":-85.16,"high52w":21.43,"low52w":3.14,"marketCap":106398080,"peRatio":null,"eps":-6.31,"volume24h":560952},"nextEarningsDate":"2026-11-10","summary":"QumulusAI leases Nvidia GPU clusters to AI companies that need capacity for training and inference workloads. Customers pay for GPU-as-a-Service (GPUaaS) compute time, which is effectively all of its revenue, making it a pure GPU cloud specialist rather than a diversified cloud provider.","explainer":["QumulusAI leases Nvidia GPU clusters to AI companies that need capacity for training and inference workloads. Customers pay for GPU-as-a-Service (GPUaaS) compute time, which is effectively all of its revenue, making it a pure GPU cloud specialist rather than a diversified cloud provider.","Its main product is GPUaaS, delivered through clusters built around Nvidia's Blackwell B300 GPUs. The company has been working to grow its base of direct customer relationships after relying heavily on a single marketplace partner in its early years.","Founded in 2019 and headquartered in Atlanta, Georgia, QumulusAI trades on the NASDAQ Global Market after a direct listing in 2026 and employs a small team of about 29 people under CEO Michael Maniscalco."],"buildoutRole":"QumulusAI sits in the Neoclouds layer as a GPU cloud specialist, renting Nvidia GPU capacity to AI companies rather than operating as a general-purpose hyperscaler. Because GPUaaS compute is almost all of its revenue, its fortunes track AI training and inference demand directly. Supercycle scores its AI exposure at 58 out of 100, reflecting that near-total AI dependence against the risks of its small scale, customer concentration history, and unproven access to growth capital.","faq":[{"q":"What does QumulusAI do?","a":"QumulusAI leases Nvidia GPU clusters to AI companies that need compute for training and inference. It sells this capacity as GPUaaS, GPU-as-a-Service, which makes up essentially all of its revenue."},{"q":"How is QumulusAI exposed to AI?","a":"Heavily. Its entire business is renting GPU compute to AI customers, so Supercycle rates its AI Exposure Score at 58 out of 100, a top-two driver tier adjusted down for its small scale and funding risk."},{"q":"What are QumulusAI's main products?","a":"GPUaaS cloud compute delivered through clusters built on Nvidia Blackwell B300 GPUs, sold to AI companies needing training and inference capacity."},{"q":"Is QMLS a pure play AI stock?","a":"Its revenue is almost entirely tied to AI compute demand, but Supercycle's score of 58 out of 100 reflects real risk around its small scale and capital needs rather than placing it in the top Pure Play tier."},{"q":"Where is QumulusAI based and who leads it?","a":"QumulusAI is headquartered in Atlanta, Georgia, and is led by CEO Michael Maniscalco. Founded in 2019, it employs about 29 people and trades on the NASDAQ Global Market."}],"history1y":[{"date":"2026-09-22","close":8.06},{"date":"2026-09-23","close":7.12},{"date":"2026-09-24","close":6.82},{"date":"2026-09-25","close":7.12},{"date":"2026-09-28","close":7.16},{"date":"2026-09-29","close":6.53},{"date":"2026-09-30","close":6.48},{"date":"2026-10-01","close":6.07},{"date":"2026-10-02","close":6.53},{"date":"2026-10-05","close":6.16},{"date":"2026-10-06","close":6.16},{"date":"2026-10-07","close":5.71},{"date":"2026-10-08","close":5.65},{"date":"2026-10-09","close":5.25},{"date":"2026-10-12","close":4.39},{"date":"2026-10-13","close":4.08},{"date":"2026-10-14","close":3.74},{"date":"2026-10-15","close":4.08},{"date":"2026-10-16","close":3.81},{"date":"2026-10-19","close":3.75},{"date":"2026-10-20","close":3.56},{"date":"2026-10-21","close":3.72},{"date":"2026-10-22","close":3.41},{"date":"2026-10-23","close":3.2},{"date":"2026-10-26","close":3.14},{"date":"2026-10-27","close":3.45},{"date":"2026-10-28","close":3.68},{"date":"2026-10-29","close":3.8},{"date":"2026-10-30","close":3.5},{"date":"2026-11-02","close":3.18}],"incomeStatements":[{"ticker":"QMLS","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":13158349,"cost_of_revenue":6703776,"gross_profit":6454573,"operating_expense":0,"operating_income":-11220340,"net_income":-5419784,"earnings_per_share":-4.49,"earnings_per_share_diluted":-4.49,"research_and_development":0,"selling_general_and_administrative_expenses":11439016,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"QMLS","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":8095672,"cost_of_revenue":5371049,"gross_profit":2724623,"operating_expense":0,"operating_income":-7785958,"net_income":-13184374,"earnings_per_share":-0.3525,"earnings_per_share_diluted":-0.3525,"research_and_development":0,"selling_general_and_administrative_expenses":3256139,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"QMLS","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":5124934,"cost_of_revenue":3582377,"gross_profit":1542557,"operating_expense":0,"operating_income":-8177885,"net_income":-12425544,"earnings_per_share":-0.3322,"earnings_per_share_diluted":-0.3322,"research_and_development":0,"selling_general_and_administrative_expenses":1928578,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"QMLS","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":91734493,"current_assets":12905233,"cash_and_equivalents":11712493,"total_liabilities":26442362,"current_liabilities":12140082,"total_debt":20195326,"shareholders_equity":62172216,"retained_earnings":-37546254},{"ticker":"QMLS","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":20345894,"current_assets":4785983,"cash_and_equivalents":3970466,"total_liabilities":20936554,"current_liabilities":8582104,"total_debt":10027176,"shareholders_equity":-590660,"retained_earnings":-33256873},{"ticker":"QMLS","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":21095015,"current_assets":1106668,"cash_and_equivalents":631344,"total_liabilities":18417901,"current_liabilities":4793711,"total_debt":9562414,"shareholders_equity":2677114,"retained_earnings":-20072499}],"holders13f":[],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:46.117Z","tier":"free","source":"https://supercyclehq.com/stock/qumulusai","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/QMLS","html":"https://supercyclehq.com/stock/qumulusai","md":"https://supercyclehq.com/stock/qumulusai.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}