# HYPERSCALE DATA, INC. (GPUS) · Edgar & Edgarette company card

> Hyperscale Data (GPUS) saw revenue fall 4.3% in FY2025 to $102 million, operating margin -61.0% against a 13.6% median for oil & gas field machinery & equipment, equity 38.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 896493 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/GPUS) · [JSON](https://www.pops4.com/boards/company/GPUS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $102M |
| Revenue growth, 1 year | -4.3% |
| Revenue growth per year | 18.2% |
| Operating margin | -61.0% (prior year -53.4%) |
| Net margin | -65.0% |
| Operating cash flow | −$63M |
| Capital spending | $25M |
| Free cash flow | −$87M |
| Cash | $13M |
| Long-term debt | $83M |
| Total assets | $314M |
| Total equity | $120M |
| Equity ÷ assets | 38.2% |
| Return on equity | -55.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -9.15 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -2.98 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, late quarterly report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -61.0% in FY2025; revenue is hard to predict: its 80% range is ±49%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $102.1M (FY2025), total debt $83.1M. Experience: revenue down 4.3% on the year, up 18.2% a year over 4 years; operating margin -61.0%, down from -53.4%. Soundness: equity 38.2% of assets, return on equity -55.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $56.2M and $165.2M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $42.8M to $219.4M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, oil & gas field machinery & equipment): operating margin -61.0% against a 13.6% median; growth -4.3% against 3.4%.

Range logged 2026-09-27, receipt b485458f9c75744d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926004111/0001214659-26-004111-index.htm))
- Item NT 10-Q Late quarterly report notice: 3, latest 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926010430/0001214659-26-010430-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-01-20 ([filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926000614/0001214659-26-000614-index.htm))

## Recent filings

- 8-K · filed 2026-10-20 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926013084/0001214659-26-013084-index.htm)
- 8-K · filed 2026-10-13 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926012768/0001214659-26-012768-index.htm)
- 8-K · filed 2026-09-30 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926012236/0001214659-26-012236-index.htm)
- 8-K · filed 2026-09-18 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926011802/0001214659-26-011802-index.htm)
- 8-K · filed 2026-09-04 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926011456/0001214659-26-011456-index.htm)
- 8-K · filed 2026-08-20 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/896493/000121465926010654/0001214659-26-010654-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000896493.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=896493

## Cite

POPS4, Edgar & Edgarette: HYPERSCALE DATA, INC. (GPUS) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/GPUS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.