# Hyperscale Data, Inc. (GPUS)

> Source: Nexqual · https://nexqual.com/GPUS · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Hyperscale Data, Inc. (GPUS), nexqual.com/GPUS" · informational, not investment advice.

**Price:** USD 0.17 (+34.05% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 0.13 · day 0.14–0.19 · 52w 0.13–3.45 · market cap $28.7M · ASE

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $130M, net income -$92.4M (-71.0% margin), free cash flow -$104M (SEC filings).
- Total return with dividends: 1Y -91.5% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $52.4M | $118M | $135M | $107M | $102M | $130M |
| Gross profit | $28.5M | $50.7M | $24.8M | $24.2M | $21.6M | — |
| Operating income | -$18.4M | -$139M | -$149M | -$57.0M | -$62.3M | -$90.1M |
| Net income | -$23.3M | -$182M | -$231M | -$56.2M | -$66.4M | -$92.4M |
| EPS (diluted) | -$1361.48 | -$2398.80 | -$10962.35 | -$340.45 | -$4.15 | — |
| Free cash flow | -$214M | -$72.8M | -$20.2M | -$24.2M | -$87.1M | -$104M |
| Gross margin | 54.5% | 43.1% | 18.4% | 22.7% | 21.1% | — |
| Operating margin | -35.0% | -118.6% | -110.7% | -53.4% | -61.0% | -69.3% |
| Net margin | -44.4% | -154.6% | -171.3% | -52.7% | -65.0% | -71.0% |
| Revenue growth | +119.5% | +124.5% | +14.6% | -20.9% | -4.3% | — |
| Cash + short-term investments | $56.3M | $14.5M | $6.1M | — | — | — |
| Total debt | $468K | $157M | $32.0M | $116M | $83.1M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.2x · P/B 0.3x · FCF yield -361.85% · Earnings yield -321.89% · Dividend yield (paid, TTM) 32.01%

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -91.5% | -100.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -91.6% | -96.2% |
| Volatility (annualized) | 157.7% | 151.2% |
| Max drawdown | -95.3% (Oct 2025→Oct 2026) | -100.0% (Oct 2021→Oct 2026) |

## Peers (Conglomerates)
VMI (Valmont Industries, Inc.) USD 435.01 -0.20% · HON (Honeywell International Inc.) USD 221.15 +1.30% · MMM (3M Company) USD 173.46 -1.20% · NSC (Norfolk Southern Corporation) USD 329.99 -2.44% · VRT (Vertiv Holdings, LLC) USD 194.32 -0.65% · NOC (Northrop Grumman Corporation) USD 551.44 -0.16%

## More
Full page: https://nexqual.com/GPUS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GPUS's own 10-K filed 2026-04-15 (https://www.sec.gov/Archives/edgar/data/896493/000121465926004697/hdi32026010k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | NVIDIA (NVDA) | "we are accelerating the expansion of our Michigan Facility, where customer-installed NVIDIA graphics processing unit ("GPU")" |
| Partner | Orchid Finance | "into an exchange agreement with Orchid Finance LLC pursuant to which we issued to Orchid a promissory note (the "Orchid Exchange" |
| Partner | Core Scientific | "primarily because of the termination of our hosting agreement with Core Scientific on August 31, 2024, and, to a lesser extent, due to" |
| Related party | Alzamend Neuro, Inc. (ALZN) | "Preferred Stock, Warrants and Common Stock, Related Parties – Alzamend" |
| Competitor | Qorvo (QRVO) | "competitors, including, among others, K&L Microwave, Q Microwave, Amplitech, Qorvo, Northrop Grumman, Teledyne, Textron, Keysight," |

Other companies that name GPUS in their own reports (relationship from GPUS's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Alzamend Neuro, Inc. (ALZN) | 10-K 2026-07-22 | "We utilize resources from Hyperscale Data, Inc. ("HDI") to act as our" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Defense | $11.9M | 34.2% | +604.3% |
| Energy | $11.1M | 31.7% | -4.6% |
| AGREE | $5.7M | 16.2% | +5.2% |
| Sentinum | $5.1M | 14.7% | +4.2% |
| Holding Company | $3.4M | 9.6% | +646.7% |
| Total revenue | $34.8M | 100% | — |
The lines above cover 106.5% of total revenue.

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Revenue Defense Solutions | $11.9M | 34.2% | +604.3% |
| Crane Operations | $11.1M | 31.7% | -4.6% |
| Hotel & Real Estate Operations | $5.9M | 16.8% | +4.4% |
| Revenue Crypto Assets Mining | $4.9M | 14.1% | +5.1% |
| Other | $3.4M | 9.6% | +646.7% |
| Total revenue | $34.8M | 100% | — |
The lines above cover 106.5% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $27.9M | 80.1% | +16.6% |
| Middle East | $7.7M | 22.0% | +7189.5% |
| Europe | $1.6M | 4.5% | -26166.7% |
| Total revenue | $34.8M | 100% | — |
The lines above cover 106.5% of total revenue.

## Customer concentration

Period ended 2026-06-30: 15%, 14% of revenue from unnamed direct customers (10-Q, filed 2026-08-19).

## Company outlook (8-K filed 2026-07-29)

- "Guidance of $180 Million to $200 Million and Provides Preliminary 2027 Revenue Outlook Exceeding $300 Million Management Expects to Provide Preliminary 2027 Adjusted EBITDA Guidance and Additional Financial and Operating Metrics During August 4 Conference Call LAS VEGAS--(PR NEWSWIRE) – July 29, 2026 – Hyperscale Data, Inc."
- "Based on preliminary results, the Company expects to report consolidated revenue for the first half of 2026 or approximately $80 million, an increase of approximately 57%, compared to approximately $51 million for the same period in 2025."
- "Reflecting the Company's strong first-half performance and current operating outlook, Hyperscale Data continues to reaffirm its previously announced 2026 revenue guidance of $180 million to $200 million."
- "The Company is also announcing preliminary 2027 revenue outlook of more than $300 million."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |