The severe EPS miss and zero revenue in the quarter are bearish, but the $32.2M contract and $21M projected revenue pipeline provide a potential catalyst if the GAMEE acquisition closes and revenue recognition begins. Monitor for the GAMEE closing by May 31 and Q3 2026 revenue reports to validate the pipeline conversion.
Price Chart
Executive Summary
Alpha Compute reported Q2 2025 EPS of -$1.26, a 260% miss vs consensus of -$0.35, with no revenue yet recognized. The press release focuses on operational milestones: a $32.2M two-year contract ($16.1M annualized), ALPHA-01 going live, and the pending GAMEE acquisition. Despite the severe EPS miss, the stock may react to the revenue pipeline ($21M projected over 12 months) and the transition from buildout to revenue generation, though the miss and lack of current revenue are material negatives for a micro-cap with $8M market cap.
Key Financial Metrics
Key Facts
- Q2 2025 EPS of -$1.26 missed consensus of -$0.35 by 260%
- No revenue reported for the period; first customer contract ($32.2M over 2 years) signed but revenue not yet recognized
- Cash and cash equivalents of $10.2M as of May 21, 2026
- Total assets $66.9M; GPU lease liability of $26.6M and TON-collateralized debt of $328K
- ALPHA-01 cluster (504 NVIDIA B200 GPUs) went live on May 21, 2026
- Projected $21M in revenue over next 12 months from contracted revenue and pending GAMEE acquisition
- GAMEE acquisition expected to close by May 31, 2026
- Sales pipeline of over $200M in qualified opportunities
Financial Impact
EPS miss of -$0.91 vs consensus; no current revenue; $10.2M cash vs $26.6M GPU lease liability
Risk Factors
- No current revenue; reliance on future contract execution and GAMEE acquisition closing
- Cash burn: $10.2M cash may not sustain operations if revenue recognition is delayed
- GPU lease liability of $26.6M adds fixed cost pressure
- Micro-cap with $8M market cap and 0% analyst bullishness; low liquidity and high volatility
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3299550 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 6-K | $4.02 | awaiting T+20 | — | $3.12 (−22.39%) |
Oct 6, 2026 21d ago | Press Release | $4.02 | awaiting T+20 | — | $3.12 (−22.39%) |
Oct 5, 2026 21d ago | Insider Cluster | $4.02 | awaiting T+20 | — | $3.12 (−22.39%) |
Sep 25, 2026 4w ago | 6-K | $5.58 $3.02 | ▼ −45.88% | ▼ −44.40% | $3.12 (−44.09%) |
Sep 25, 2026 4w ago | Press Release | $5.58 $3.02 | ▼ −45.88% | ▼ −44.40% | $3.12 (−44.09%) |
Sep 22, 2026 5w ago | 6-K | $4.35 $3.38 | ▲ +22.30% | ▲ +21.74% | $3.12 (+28.28%) |
Sep 22, 2026 5w ago | Press Release | $4.35 $3.38 | ▼ −22.30% | ▼ −21.74% | $3.12 (−28.28%) |
Sep 14, 2026 6w ago | 6-K | $4.16 $3.80 | ▼ −8.65% | ▼ −10.92% | $3.12 (−25.00%) |
Sep 3, 2026 7w ago | 6-K | $0.1150 $0.0920 | ▲ +20.00% | ▲ +19.54% | $3.12 (−2613.04%) |
Sep 1, 2026 7w ago | 6-K | $0.1790 $0.0947 | ▼ −47.09% | ▼ −46.94% | $3.12 (+1643.02%) |
US Market Status
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