Quarterly ResultJul 17, 2026, 08:31 AM
Cloudastructure Q1 Revenue +78% to $1.3M; Resolves Accounting Matter
AI Summary
Cloudastructure reported strong first quarter 2026 financial results, with revenue increasing 78% year-over-year to $1.315 million and gross profit growing 115% to $0.7 million. The company continued to scale its AI-driven security platform, expanding adoption across multifamily, transportation, and logistics verticals, and now serves eight of the top ten multifamily property managers. Cloudastructure also announced the resolution of a previously disclosed technical accounting matter related to its Series 2 Convertible Preferred Stock, which will not impact cash or operations.
Key Highlights
- Q1 2026 revenue increased 78% year-over-year to $1.315 million.
- Annualized recurring revenue run rate reached approximately $2.6 million.
- Gross profit grew 115% year-over-year to $0.7 million.
- Net loss for Q1 2026 was approximately $2.8 million.
- Now serving 8 of the top 10 NMHC-ranked multifamily property managers.
- Appointed Ed Burnett as Chief Security and Operations Officer.
- Resolved previously disclosed technical accounting matter for Series 2 Convertible Preferred Stock.
Price Impact
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