Revenue doubles to $2.58B (+112.5% YoY) as operating income swings to loss

Filed August 12, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 13, 2025 · ~1 min read

Key Changes

• high

  Operating income swung profit to -$49M loss despite revenue more than doubling, signaling margin compression as the business scales infrastructure.

  Key Financials (XBRL) view on EDGAR →
• high

  Post-quarter, the company secured a $2.6B delayed draw term loan facility (DDTL 5.5) and drew $1.2B in August 2026, plus drew $1.2B on its revolving credit facility—$2.4B in total new debt.

  Subsequent Events verify on EDGAR →
• medium

  Issued 1.9M shares at $106.61 ($205M equity value) to former Monolith AI shareholders in April 2026, an earnout tranche from the November 2025 acquisition.

  Unregistered Sales of Equity Securities verify on EDGAR →