Corvex’s merged financial picture shows a much larger revenue base, but losses widened sharply after the combination with Corvex Legacy Holdings.
For the six months ended June 30, 2026, pro forma revenue came to $4.312 million, up from $35,000 for Corvex alone and $4.277 million for Corvex Legacy. Total costs and expenses reached $32.703 million, compared with $4.563 million for Corvex and $19.812 million for Corvex Legacy. That left a pro forma operating loss of $28.391 million, versus a $4.528 million loss for Corvex and a $15.535 million loss for Corvex Legacy.
Below the operating line, Corvex booked $2.501 million in gain on disposal of assets, helping offset expenses. Even so, the combined company posted a net loss of $26.155 million, compared with Corvex’s $2.228 million loss and Corvex Legacy’s $15.542 million loss. After preferred dividends, net loss attributable to common stockholders was $26.310 million. Pro forma net loss per share was $0.94, based on 27.905 million weighted average shares.
For full-year 2025, the combined company would have generated $7.535 million of revenue, up from $433,000 for Corvex and $7.102 million for Corvex Legacy. Total costs and expenses would have been $73.045 million, including $43.681 million of general and administrative expense and $11.366 million of technology and infrastructure expense. That produced a pro forma operating loss of $64.791 million.
The 2025 bottom line was a net loss of $67.546 million, compared with Corvex’s $18.285 million loss and Corvex Legacy’s $9.517 million loss. Pro forma net loss per share was $2.62, versus $21.79 for Corvex alone and $1.59 for the legacy business. Weighted average shares used in the calculation rose to 25.818 million from 840,720 for Corvex and 24.977 million for Corvex Legacy. As a result of these announcements, the company's shares have moved 2.93% on the market, and are now trading at a price of $14.74. Check out the company's full 8-K submission here.
