Technology · Software - Infrastructure
Price
$24.46
Market Cap
$18.6M
Employees
32
Beta
1.18
Avg Volume
79,947
CEO
Seth Demsey
Business Description
Corvex, Inc. functions as a premier AI cloud computing enterprise, primarily focused on delivering high-performance, GPU-accelerated infrastructure specifically tailored for demanding artificial intelligence workloads. Its comprehensive suite of products features GPU Clusters, Confidential Computing, Inference as a Service (IaaS), and individual GPU Nodes. The firm extends its advanced solutions to a diverse range of clients, including AI model developers, large-scale enterprises, and various federal and sovereign entities. Co-founded by Seth Mitchell Demsey and Jay Crystal on October 21, 2024, the company's central operations are based in Arlington, VA.
Business History
Price Overview
Last updated: Jun 27, 2026 10:07am (just now)$24.46
+2.74 (+12.62%)
Day Range
$21.35 – $26.34
52-Week Range
$3.44 – $26.39
50-Day MA
$18.79
200-Day MA
$10.35
Volume
121,000.00
Share Structure
Outstanding
758,725.00
Float
479,023.00
Free Float
63.1%
Normal free float
— 63.1% of shares trade freely, ~36.9% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Small absolute float (0.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-90.59
Stock Price: $24.46
EPS (Diluted): -0.27
EPS (Diluted): -0.27
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-2,011.05
Stock Price: $24.46
Total Equity: -$3.47M
Shares: 840,720,000
Total Equity: -$3.47M
Shares: 840,720,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.42
Market Cap: $18.56M
Total Debt: $4.38M
Cash: $2.83M
EBITDA: -$15.17M
Total Debt: $4.38M
Cash: $2.83M
EBITDA: -$15.17M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$7.0B
Market Cap: $18.56M
Total Debt: $4.38M
Cash: $2.83M
Total Debt: $4.38M
Cash: $2.83M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
16,134.83
Stock Price: $24.46
Revenue: $433,000
Shares: 840,720,000
Revenue: $433,000
Shares: 840,720,000
EV/Sales (Total value vs revenue — works when P/E can't)
API16,139.63
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-424.9%
Gross Profit: -$1.84M
Revenue: $433,000
Revenue: $433,000
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-3,580.4%
Operating Income: -$15.50M
Revenue: $433,000
Revenue: $433,000
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-4,222.9%
Net Income: -$18.29M
Revenue: $433,000
Revenue: $433,000
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-12.7%
Net Income: -$18.29M
Total Equity: -$3.47M
Total Equity: -$3.47M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-2.5%
Operating Income: -$15.50M
Tax Rate: 0.0%
Equity: -$3.47M
Total Debt: $4.38M
Cash: $2.83M
Tax Rate: 0.0%
Equity: -$3.47M
Total Debt: $4.38M
Cash: $2.83M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.57
Current Assets: $4.99M
Current Liabilities: $8.81M
Current Liabilities: $8.81M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-1.26
Short-Term Debt: $4.38M
Long-Term Debt: $0.00
Total Debt: $4.38M
Total Equity: -$3.47M
Long-Term Debt: $0.00
Total Debt: $4.38M
Total Equity: -$3.47M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.00
Revenue: $433,000
Shares: 840,720,000
Shares: 840,720,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.00
Total Equity: -$3.47M
Shares: 840,720,000
Shares: 840,720,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.01
Operating CF: -$11.27M
CapEx: $0.00
Shares: 840,720,000
CapEx: $0.00
Shares: 840,720,000
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $24.46
Stock Price: $24.46
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$18.29M
Net Income: -$18.29M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MOVE against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 9:10am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $1.0M | $433,000 |
| Cost of Revenue | $0 | $134,000 | $158,000 | $3.0M | $2.3M |
| Gross Profit | $0 | $-134,000 | $-158,000 | -$2.0M | -$1.8M |
| Operating Expenses | $19.8M | $30.3M | $29.5M | $22.2M | $13.7M |
| Operating Income | -$19.8M | -$30.5M | -$29.7M | -$24.2M | -$15.5M |
| Net Income | -$22.6M | -$30.2M | -$29.3M | -$23.7M | -$18.3M |
| EBITDA | -$20.8M | -$30.2M | -$29.1M | -$23.6M | -$15.2M |
| EPS | $-0.69 | $-0.91 | $-0.63 | $-0.39 | $-0.27 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 9:10am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $17.7M | $10.8M | $6.1M | $7.9M | $2.8M |
| Total Current Assets | $35.1M | $11.6M | $8.5M | $10.4M | $5.0M |
| Total Assets | $36.3M | $13.2M | $9.4M | $11.3M | $5.6M |
| Current Liabilities | $3.2M | $5.0M | $5.9M | $3.4M | $8.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.5M | $5.3M | $6.0M | $4.0M | $9.1M |
| Total Equity | $32.7M | $7.9M | $3.4M | $7.4M | -$3.5M |
| Retained Earnings | -$64.8M | -$95.1M | -$124.4M | -$148.1M | -$166.4M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 9:10am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$16.2M | -$24.9M | -$26.2M | -$22.5M | -$11.3M |
| Capital Expenditure | $-565,000 | $-105,000 | $-64,000 | $-8,000 | $0 |
| Free Cash Flow | -$16.7M | -$25.0M | -$26.2M | -$22.5M | -$11.3M |
| Acquisitions (net) | $16,134 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $12.0M | -$6.9M | -$4.6M | $1.8M | -$5.1M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 8:41pm (13h ago)| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue |
$2.4M $2.4M – $2.4M
|
$15.5M $15.5M – $15.5M
|
$30.5M $30.5M – $30.5M
|
| EBITDA |
$480,399 $480,399 – $480,399
|
$3.1M $3.1M – $3.1M
|
$6.1M $6.1M – $6.1M
|
| Net Income |
-$26.6B -$26.6B – -$26.6B
|
-$17.3B -$17.3B – -$17.3B
|
-$9.0B -$9.0B – -$9.0B
|
| EPS | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 9:10am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | — | -57.3% |
| Gross Profit Growth | — | -17.9% | -1,162.0% | +7.7% |
| Operating Income Growth | -53.8% | +2.5% | +18.4% | +36.0% |
| Net Income Growth | -33.7% | +3.0% | +19.0% | +22.9% |
| EBITDA Growth | -45.1% | +3.5% | +19.1% | +35.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-25 | Caballero Ruben | M-Exempt | 29,197.00 | $0.92 | $26,861 |
| 2026-06-25 | Caballero Ruben | M-Exempt | 29,197.00 | $0.92 | $26,861 |
| 2026-03-31 | Demsey Seth | C-Conversion | 24,532.00 | $0.00 | $0 |
| 2026-03-31 | Demsey Seth | C-Conversion | 139.00 | $0.00 | $0 |
| 2026-03-31 | Demsey Seth | C-Conversion | 0.14 | $0.00 | $0 |
| 2026-03-31 | Crystal John Adler III | C-Conversion | 14,965.00 | $0.00 | $0 |
| 2026-03-31 | Crystal John Adler III | C-Conversion | 3,167.00 | $0.00 | $0 |
| 2026-03-31 | Crystal John Adler III | C-Conversion | 3.17 | $0.00 | $0 |
| 2026-03-31 | FAIRBAIRN EMILY | C-Conversion | 9,231.00 | $0.00 | $0 |
| 2026-03-31 | FAIRBAIRN EMILY | C-Conversion | 9.23 | $0.00 | $0 |
| 2026-03-30 | Crystal John Adler III | 0.00 | $0.00 | $0 | |
| 2026-03-30 | Crystal John Adler III | 2,902,143.00 | $10.06 | $29.2M | |
| 2026-03-30 | Crystal John Adler III | 3,167.00 | $0.00 | $0 | |
| 2026-03-30 | Crystal John Adler III | 708,154.00 | $0.00 | $0 | |
| 2026-03-19 | Demsey Seth | 0.00 | $0.00 | $0 | |
| 2026-03-19 | Demsey Seth | 140.00 | $0.00 | $0 | |
| 2026-03-19 | Demsey Seth | 2,902,143.00 | $10.06 | $29.2M | |
| 2026-03-19 | Demsey Seth | 31,270.00 | $0.00 | $0 | |
| 2026-03-18 | FAIRBAIRN EMILY | A-Award | 200,000.00 | $15.09 | $3.0M |
| 2026-03-19 | FAIRBAIRN EMILY | A-Award | 2,063.82 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MOVE — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30