Corvex, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
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Third-party market data · may be delayed
Under review: every model's value for Corvex, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: share count (2m) is 0.075x the cover-page count (28m). We'll show the comparison once resolved.
Corvex, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Corvex has little or no product revenue yet; it used $13m of cash in the twelve months to June 2026. It passes 2 of our 3 financial-health checks.
Our model value for Corvex is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Corvex, Inc.'s trailing-twelve-month revenue grew 843.6% year on year, with a free-cash-flow margin of -302.8%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 843.6% (+754.6pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
| At fiscal year end | 2024 | 2025 |
|---|---|---|
| Share price | $54.00 | $8.31 |
| Market value | $4m | $948751 |
| + Net debt (− = net cash) | −$8m | −$1m |
| Enterprise value | −$3m | −$378249 |
| Multiples | ||
| Price / sales | 4.4x | 2.2x |
| Price / earnings | — | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$4.26 | — | $16m | +120% |
| Next | −$0.08 | +98% | $200m | +1180% |
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| MOVE | −66% | −40% | −54% | −85% | −25% |
| Industry peers (median) | −50% | +19% | +2% | −20% | −14% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| MOVE | 33% | 25% | 33% | 25% | 64% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| MOVE | −67% | −70% | −76% | −94% | −75% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since March 23, 2021: 100% from April 7, 2021 to November 7, 2025. Getting back needed a 28256% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| September 4, 2026 | +4.0% | −0.9% | −23.3% | −26.0% |
| August 14, 2026 | −8.9% | −0.7% | −21.3% | −3.9% |
| May 19, 2026 | +29.6% | +0.4% | +17.9% | +22.2% |
| December 22, 2025 | −2.3% | +1.1% | −5.7% | +46.9% |
| May 19, 2025 | −27.4% | −0.2% | −43.1% | −24.5% |
| November 14, 2024 | −17.1% | −1.9% | −17.8% | +58.4% |
| August 14, 2024 | +6.1% | +2.0% | +5.5% | −2.7% |
| May 15, 2024 | +5.0% | +1.0% | +0.2% | −1.0% |
| April 4, 2024 | +5.8% | −0.2% | +1.2% | −9.6% |
| November 15, 2023 | −5.9% | +0.3% | −6.6% | −20.9% |
| August 14, 2023 | −4.7% | −0.6% | −12.6% | −15.7% |
| May 15, 2023 | −22.0% | −0.3% | −20.3% | −18.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY24 Q4 | $1M |
| FY25 Q1 | $390K |
| FY25 Q2 | $470K |
| FY25 Q3 | $500K |
| FY25 Q4 | $433K |
| FY26 Q1 | $737K |
| FY26 Q2 | $4.4M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY24 Q4 | -2338.0% |
| FY25 Q1 | -6078.5% |
| FY25 Q2 | -4376.4% |
| FY25 Q3 | -3156.2% |
| FY25 Q4 | -3580.4% |
| FY26 Q1 | -2050.5% |
| FY26 Q2 | -610.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY24 Q4 | -2175.8% |
| FY25 Q1 | -5821.8% |
| FY25 Q2 | -3750.9% |
| FY25 Q3 | -2712.6% |
| FY25 Q4 | -2602.3% |
| FY26 Q1 | -1526.9% |
| FY26 Q2 | -302.8% |
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|
| Income | |||
| Revenue | 1 | 0 | 4 |
| Gross profit | −2 | −2 | — |
| EBITDA | −24 | −15 | −24 |
| Operating income | −24 | −16 | −27 |
| Net income | −24 | −18 | −28 |
| Diluted EPS | −$290.06 | −$160.46 | — |
| Growth (year on year) | |||
| Revenue | — | −57.3% | +843.6% |
| Margins | |||
| Gross margin | −196.8% | −424.9% | — |
| EBITDA margin | <−999% | <−999% | −541.2% |
| Operating margin | <−999% | <−999% | −610.3% |
| Net margin | <−999% | <−999% | −623.5% |
| Free-cash-flow margin | <−999% | <−999% | −302.8% |
| Cash flow | |||
| Cash from operations | −23 | −11 | −13 |
| Capital spending | 0 | 0 | 0 |
| Free cash flow | −23 | −11 | −13 |
| Stock-based pay | 3 | 3 | 13 |
| Free cash flow after stock pay | −26 | −14 | −26 |
| Balance sheet | |||
| Cash | 8 | 3 | 22 |
| Total debt | 0 | 2 | — |
| Net debt (negative = net cash) | −8 | −1 | −22 |
| Diluted shares | — | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 |
| Gross profit | −1 | −0 | −0 | −0 | −0 | −1 | — | — |
| EBITDA | −7 | −5 | −5 | −3 | −3 | −4 | −5 | −13 |
| Operating income | −7 | −5 | −5 | −3 | −3 | −4 | −5 | −15 |
| Net income | −7 | −5 | −5 | −3 | −4 | −6 | −5 | −13 |
| Diluted EPS | −$9.72 | −$5.57 | −$4.92 | −$3.05 | −$34.83 | −$43.30 | −$23.05 | −$5.12 |
| Growth (year on year) | ||||||||
| Revenue | — | — | −75.8% | +347.8% | +60.0% | −60.4% | +147.6% | +>999% |
| Margins | ||||||||
| Gross margin | <−999% | −410.8% | −211.7% | −251.5% | −250.0% | <−999% | — | — |
| EBITDA margin | <−999% | <−999% | <−999% | <−999% | <−999% | <−999% | −886.5% | −329.9% |
| Operating margin | <−999% | <−999% | <−999% | <−999% | <−999% | <−999% | −950.4% | −400.3% |
| Net margin | <−999% | <−999% | <−999% | <−999% | <−999% | <−999% | −981.4% | −335.8% |
| Free-cash-flow margin | <−999% | <−999% | — | — | — | — | <−999% | −145.1% |
| Cash flow | ||||||||
| Cash from operations | −6 | −5 | −4 | −3 | −2 | −2 | −4 | −5 |
| Capital spending | −0 | 0 | — | — | — | — | 6 | 0 |
| Free cash flow | −6 | −5 | — | — | — | — | −11 | −6 |
| Stock-based pay | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 9 |
| Free cash flow after stock pay | −6 | −5 | — | — | — | — | −13 | −15 |
| Last 12 months unless stated | MOVE | ORKT | IVDA | DGNX | BMR | BKYI | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $4m | $4m | $5m | $4m | $3m | $7m | $479m |
| Revenue growth, last 12 months | 843.6% | 43.8% | −36.0% | 77.2% | 1.0% | −3.1% | 12.0% |
| Revenue growth, 3-year average | — | — | −17.8% | — | — | −2.6% | 11.1% |
| Revenue growth, latest quarter | >999% | — | −47.5% | — | — | 13.1% | 11.9% |
| Gross margin | −424.9% | 44.2% | 32.2% | −76.0% | 89.7% | 81.3% | 69.2% |
| Operating margin | −610.3% | −131.4% | −68.5% | −688.3% | −208.6% | −86.4% | 1.1% |
| Operating margin, 3-year average | — | — | −79.8% | — | — | −78.8% | −0.8% |
| Net margin | −623.5% | −78.7% | −69.2% | −861.4% | −194.6% | −90.1% | 1.6% |
| Cash from operations / revenue | −302.8% | −80.4% | −64.1% | −390.1% | −151.9% | −62.1% | 18.1% |
| Free-cash-flow margin | −302.8% | −87.0% | −64.1% | −406.6% | −152.8% | −62.1% | 14.9% |
| Free-cash-flow margin, 3-year average | — | — | −94.3% | — | — | −51.2% | 16.2% |
| Stock pay / revenue | 288.7% | — | 1.4% | — | 22.1% | 2.6% | 9.3% |
| Change in share count | 25.6% | 9.1% | 2.4% | 47.7% | 2.4% | 76.2% | 2.3% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Dorsey & Whitney Trust Co LLC | $1.1M | 51K | 20.6% | ▲ 35.8% |
| Raymond James Financial Inc | $997,931 | 46K | 18.6% | ▲ 40.0% |
| Jane Street Group, LLC | $692,325 | 32K | 12.9% | New |
| Northern Trust Corp | $569,995 | 26K | 10.6% | New |
| Vanguard Capital Management LLC | $468,307 | 22K | 8.7% | ▲ 250.8% |
| Geode Capital Management, LLC | $412,121 | 19K | 7.7% | New |
| Renaissance Technologies LLC | $339,618 | 16K | 6.3% | New |
| HRT Financial LP | $217,000 | 10K | 4.0% | New |
| Vanguard Fiduciary Trust Co | $182,148 | 8K | 3.4% | ▲ 35.8% |
| Blackrock, Inc. | $129,817 | 6K | 2.4% | ▲ 16988.6% |
| Morgan Stanley | $121,136 | 6K | 2.3% | New |
| Clearstead Advisors, LLC | $68,161 | 3K | 1.3% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Corvex, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Cogan Jeremy CFO | January 27, 2026 | Sell | 4,622 | $20.07 | $92,764 |
| Cogan Jeremy CFO | January 27, 2026 | Sell | 3,288 | $19.11 | $62,834 |
| Cogan Jeremy CFO | January 27, 2026 | Sell | 2,099 | $23.37 | $49,054 |
| Cogan Jeremy CFO | January 27, 2026 | Sell | 5,548 | $21.76 | $120,724 |
| Cogan Jeremy CFO | January 27, 2026 | Sell | 13,179 | $20.63 | $271,883 |
| Mastrototaro John Chief Executive Officer | January 27, 2026 | Sell | 5,746 | $21.78 | $125,148 |
| Mastrototaro John Chief Executive Officer | January 27, 2026 | Sell | 14,960 | $20.75 | $310,420 |
| Mastrototaro John Chief Executive Officer | January 27, 2026 | Sell | 4,512 | $19.12 | $86,269 |
| Mastrototaro John Chief Executive Officer | January 27, 2026 | Sell | 2,407 | $23.37 | $56,252 |
| Mastrototaro John Chief Executive Officer | January 27, 2026 | Sell | 5,444 | $20.18 | $109,860 |
| Leabman Michael Aaron Chief Technology Officer | January 14, 2026 | Sell | 6,845 | $6.66 | $45,588 |
| Leabman Michael Aaron Chief Technology Officer | January 13, 2026 | Sell | 2,076 | $6.94 | $14,407 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around December 21, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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