Exascale Labs (XLAB) investor relations material

Executive summary

• Achieved 111% year-over-year revenue growth to $14.8M for FY2026, driven by intelligent computing power services, which comprised 98.9% of total revenue.

• Gross profit rose 119% to $2.4M, with gross margin improving to 16.3% from 15.8% year-over-year.

• Net loss increased to $12.2M from $7.7M, reflecting higher R&D and G&A expenses and a $7.4M loss from fair value changes in SAFEs.

• Completed a business combination in August 2026, converting $29.1M of SAFE liabilities to equity and raising $11.8M in cash.

Financial highlights

• Revenue: $14.8M in FY2026, up from $7.0M in FY2025.

• Gross profit: $2.4M (16.3% margin), up from $1.1M (15.8% margin) in FY2025.

• Net loss: $12.2M, compared to $7.7M in FY2025.

• Operating expenses: $7.2M, up 74% year-over-year, mainly due to R&D and G&A increases.

• Cash and USDC: $4.9M as of June 30, 2026; current liabilities $31.9M.

Outlook and guidance

• Management expects sufficient liquidity for at least 12 months post-report, following the business combination and SAFE conversions.

• Focus remains on expanding market presence, developing client relationships, and managing expenses to improve cash flows.