Quarterly ResultAug 12, 2026, 02:52 PM
Vertical Data Q3 Revenue $247K; Net Loss $(1.24M); Cash $5.6M
AI Summary
Vertical Data Inc. reported its Q3 2026 financial results, showing revenue of $247,212, a significant increase from zero in the prior year period, but net loss widened to $(1.24) million. The company experienced a substantial increase in cash and cash equivalents to $5.61 million and generated $4.65 million in net cash from operating activities for the nine-month period. A notable $9.03 million contract liability was recorded from customer prepayments for future sales, and the company also completed a subsequent stock sale raising $2.31 million.
Key Highlights
- Q3 2026 revenue was $247,212, up from $0 in Q3 2025.
- Net loss for Q3 2026 increased to $(1,245,075) from $(798,085) in Q3 2025.
- Cash and cash equivalents surged to $5.61 million as of June 30, 2026.
- Net cash provided by operating activities was $4.65 million for the nine months ended June 30, 2026.
- Recorded a $9.03 million contract liability from customer prepayment for future sales.
- Total stockholders' equity was $(540,118) as of June 30, 2026, down from $267,111.
- Subsequent to quarter-end, sold 762,802 shares for $2.31 million.
- Cancelled 31.75 million common shares and 2.43 million stock options in October 2025.
Price Impact
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