Hyperscale Data, Inc. (GPUS)

From the record

Hyperscale Data, Inc.'s filings since 2017 show 65 warning events of 6 kinds: a bankruptcy or receivership notice (8-K item 1.03, the latest 2023-08-03); a debt default or acceleration notice (8-K item 2.04, 9 times, the latest 2020-01-22); a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2025-03-05); a warning not to rely on past financial statements (8-K item 4.02, 4 times, the latest 2023-05-22); an auditor change (8-K item 4.01, 3 times, the latest 2025-04-30); a late-report notice (Form NT 10-K or NT 10-Q, 38 times, the latest 2026-08-14) (its current reports).

From the record

Hyperscale Data, Inc.'s 9 filed years say what it did: revenue went from $10 million in fiscal 2017 to $102 million in fiscal 2025, up 33.4% a year; it rose in 5 of 8 years; the deepest fall was 24% from fiscal 2023 to fiscal 2025; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Hyperscale Data, Inc. lost about 55 cents for every dollar of shareholders' money, and gross profitability: its products earned about 7 cents per dollar of everything the company owns. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 9945.3% over the year (the filed statements).

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Hyperscale Data, Inc.'s standing among 16 graded names in its industry family: revenue of $102 million in fiscal 2025 ranks in the bottom 16% by size; a net margin of -65% ranks in the bottom 3%; revenue growth of -4.6% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

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Hyperscale Data, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Horne, William B (Chief Executive Officer, as filed), filing under that title since 2021-02-02, 5.8 years (top 45% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 9 years (top 25%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 36%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Hyperscale Data, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $13 million against debt of $83 million leaves -22.3% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is -85.3% of revenue (bottom 3%); a gross margin of 21.1% (bottom 41%); research spending of 4.7% of revenue (top 19%) (its annual report).

From the record

Hyperscale Data, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -4.6% a year over the last three filed years against 33.4% over all 9, slowing (bottom 3% of its family); the newest year grew -4.3% (bottom 23%); research spending grew 20.3% a year (top 44%); capital spending grew -37.2% a year (bottom 18%) (its annual reports). Hyperscale Data, Inc. reported 8 lines of business in fiscal 2025: Energy at $45 million (45%), Sentinum at $23 million (22%), AGREE at $19 million (19%), and 5 more; 3 of 7 grew against the year before (its annual report).

From the record

Hyperscale Data, Inc.'s newest year against its own record: revenue of $102 million in fiscal 2025 came in 0.5% above the $102 million its prior three years' pace pointed to (top 32% of its family); net income of $66 million against a prior three-year average of $156 million (top 39%); a net margin of -65% against losses larger than its revenue before (top 4%) (its annual reports).