Corvex Inc. Posts Pro Forma Net Loss of $26.155 Million

By Bobby Samwell • Monday, September 07 10:50 • Permanent Link

Corvex, Inc.’s combined revenue for the first half of 2026 came in at $4.312 million on a pro forma basis, up from $4.277 million at Corvex Legacy Holdings alone, as the newly combined company began to reflect the March 19 merger. The biggest change was on the expense side: total costs and expenses reached $32.703 million for the six months ended June 30, 2026, compared with $19.812 million for Corvex Legacy Holdings and $4.563 million for Corvex, Inc. historically.

That pushed the pro forma operating loss to $28.391 million for the period, versus a $15.535 million loss at Corvex Legacy Holdings and a $4.528 million loss at Corvex, Inc. before the merger. After other income of $2.256 million, the company posted a pro forma net loss of $26.155 million, compared with a $15.542 million net loss for Corvex Legacy Holdings and a $2.228 million net loss for Corvex, Inc. on a historical basis.

For the first half of 2026, the company’s pro forma net loss attributable to common stockholders was $26.310 million, or $0.94 per share, based on 27.905 million weighted average shares. That compares with $15.542 million of loss attributable to common stockholders for Corvex Legacy Holdings and a $2.383 million loss for Corvex, Inc., which translated to $0.32 per share on the combined pro forma share count.

For 2025, the combined company’s pro forma revenue was $7.535 million, up from $7.102 million at Corvex Legacy Holdings and $433,000 at Corvex, Inc. Total costs and expenses rose to $73.045 million, compared with $16.870 million for Corvex Legacy Holdings and $15.936 million for Corvex, Inc. on a historical basis.

The 2025 pro forma operating loss widened to $64.791 million, versus $9.768 million for Corvex Legacy Holdings and $15.503 million for Corvex, Inc. The company’s pro forma net loss for the year reached $67.546 million, or $2.62 per share, on 25.818 million weighted average shares. That compares with a $9.517 million net loss at Corvex Legacy Holdings and an $18.285 million net loss at Corvex, Inc. for 2025.

The merger also left a large purchase price mark on the balance sheet: estimated consideration transferred was $581.955 million, including $519.318 million of goodwill, $10.210 million in trade names, and $5.190 million in customer relationships. The market has reacted to these announcements by moving the company's shares 2.93% to a price of $14.74. Check out the company's full 8-K submission here.

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