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Total assets jumped to $599.3M in Q2 2026, driven by $519.3M in goodwill (86.6% of assets), while equity of $573.3M masks deeply negative retained earnings of -$184.2M and a low D/E of 0.03.
| Total Current Assets | 28.26M | 4.99M | 10.39M | 8.52M | 11.65M | 35.06M | 6.9M | 4.51M | 3.17M |
| Cash & Short-Term Investments | 21.7M | 2.83M | 7.9M | 6.12M | 10.76M | 33.6M | 5.71M | 4.29M | 3.17M |
| Cash Only | 21.7M | 2.83M | 7.9M | 6.12M | 10.76M | 17.68M | 5.71M | 4.29M | 3.17M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 15.92M | 0 | 0 | 0 |
| Accounts Receivable | 1.56M | 107K | 52K | 450K | 0 | 166K | 500K | 0 | 0 |
| Days Sales Outstanding | 65.33 | 90.2 | 18.74 | - | - | - | - | - | - |
| Inventory | 0 | 1.77M | 2.05M | 1.11M | 0 | -166K | 0 | 0 | 0 |
| Days Inventory Outstanding | 116.51 | 283.59 | 248.35 | 2.57K | - | - | - | - | - |
| Other Current Assets | 5M | 287K | 362K | 442K | 887K | 1.46M | 0 | 111K | 0 |
| Total Non-Current Assets | 571.06M | 613K | 930K | 898K | 1.6M | 1.21M | 182K | 374K | 230K |
| Property, Plant & Equipment | 36.66M | 516K | 213K | 589K | 443K | 529K | 38K | 51K | 49K |
| Fixed Asset Turnover | 0.25x | 0.84x | 4.76x | - | - | - | - | - | - |
| Goodwill | 519.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 15.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 37K | 97K | 717K | 309K | 1.15M | 678K | 144K | 323K | 181K |
| Total Assets | 599.32M | 5.6M | 11.32M | 9.42M | 13.24M | 36.27M | 7.08M | 4.89M | 3.4M |
| Asset Turnover | 0.01x | 0.08x | 0.09x | - | - | - | - | - | - |
| Asset Growth % | 18058.81% | -50.53% | 20.16% | -28.86% | -63.48% | 412% | 44.94% | 43.52% | - |
| Total Current Liabilities | 15.68M | 8.81M | 3.44M | 5.9M | 4.98M | 3.22M | 1.16M | 858K | 370K |
| Accounts Payable | 3.87M | 3.48M | 2.02M | 3.12M | 557K | 311K | 246K | 15K | 7K |
| Days Payables Outstanding | 268.99 | 558.34 | 244.71 | 7.2K | 1.52K | - | - | 497.73 | 851.67 |
| Short-Term Debt | 6.5M | 4.38M | 0 | 0 | 0 | 0 | 248K | 0 | 0 |
| Deferred Revenue (Current) | 4.05M | 12K | 36K | 1.25M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7.37M | 683K | 972K | 762K | 984K | 2.34M | 290K | 0 | 285K |
| Current Ratio | 1.80x | 0.57x | 3.02x | 1.44x | 2.34x | 10.89x | 5.95x | 5.26x | 8.58x |
| Quick Ratio | 1.80x | 0.37x | 2.42x | 1.26x | 2.34x | 10.95x | 5.95x | 5.26x | 8.58x |
| Cash Conversion Cycle | -87.15 | -184.56 | 22.38 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.39M | 267K | 520K | 73K | 350K | 317K | 13.98M | 32K | 21K |
| Long-Term Debt | 8.46M | 0 | 0 | 0 | 0 | 0 | 11.45M | 0 | 0 |
| Capital Lease Obligations | 6.83M | 267K | 0 | 0 | 214K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.93M | 0 | 520K | 73K | 136K | 317K | 2.54M | 32K | 21K |
| Total Liabilities | 26.07M | 9.07M | 3.96M | 5.97M | 5.33M | 3.54M | 15.14M | 890K | 391K |
| Total Debt | 14.96M | 4.9M | 186K | 217K | 426K | 0 | 11.69M | 0 | 0 |
| Net Debt | -6.73M | 2.08M | -7.72M | -5.9M | -10.33M | -17.68M | 5.98M | -4.29M | -3.17M |
| Debt / Equity | 0.03x | - | 0.03x | 0.06x | 0.05x | - | - | - | - |
| Debt / EBITDA | -0.62x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.28x | - | - | - | - | - | - | - | - |
| Interest Coverage | -3.77x | -5.17x | - | - | -228.04x | -23.66x | -11.98x | - | - |
| Total Equity | 573.25M | -3.47M | 7.36M | 3.45M | 7.92M | 32.73M | -8.06M | 4M | 3.01M |
| Equity Growth % | 52365.41% | -147.23% | 113.25% | -56.42% | -75.82% | 505.98% | -301.7% | 32.61% | - |
| Book Value per Share | 0.23 | -0.04 | 0.12 | 0.07 | 0.24 | 1.00 | -0.25 | 0.12 | 0.09 |
| Total Shareholders' Equity | 573.25M | -3.47M | 7.36M | 3.45M | 7.92M | 32.73M | -8.06M | 4M | 3.01M |
| Common Stock | 0 | 10K | 10K | 6K | 3K | 3K | 1K | 0 | 0 |
| Retained Earnings | -184.16M | -166.39M | -148.11M | -124.38M | -95.1M | -64.77M | -40.88M | -19.91M | -5.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -11K | -1K | 0 | -3K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity crunch and dilution
Total assets surged from $5.6M in Q4 2025 to $599.3M in Q2 2026, driven by a $519.3M goodwill from an acquisition, while equity swung from -$3.5M to $573.3M, per the balance sheet data.
The dramatic increase in assets and equity is almost entirely attributable to the acquisition of an AI infrastructure business, which added $519.3M in goodwill. This transformation masks the underlying operational fragility, as the legacy consumer hardware business has contracted sharply. The balance sheet now reflects a strategic pivot, but the sustainability of this new structure depends on the AI business generating sufficient returns to justify the goodwill.
Total debt rose to $15.0M in Q2 2026 from $4.9M in Q4 2025, yet the debt-to-equity ratio remains low at 0.03, indicating leverage is not a primary concern, based on reported figures.
The increase in debt is modest relative to the asset base, and the D/E ratio of 0.03 suggests the company is not heavily reliant on debt financing. However, the absolute debt level is small compared to the cash burn, and the company's ability to service this debt is questionable given negative operating cash flow. The low leverage provides some flexibility, but the imminent need for capital may force additional borrowing or equity issuance.
Goodwill of $519.3M constitutes 86.6% of total assets in Q2 2026, while PPE is only $36.7M, indicating an asset-light model with significant intangible risk, as per the balance sheet.
The overwhelming proportion of goodwill exposes the balance sheet to substantial impairment risk if the acquired AI business underperforms. The relatively small PPE suggests the company is not investing heavily in physical infrastructure, which may be inconsistent with the capital-intensive nature of AI compute. Investors should monitor whether the goodwill is supported by future cash flows or if it represents an overpayment for growth.
Shareholders' equity jumped to $573.3M in Q2 2026 from -$3.5M in Q4 2025, but retained earnings remain deeply negative at -$184.2M, indicating the improvement is non-operational, based on the balance sheet.
The equity surge is primarily due to the acquisition, likely involving a large issuance of shares, rather than retained earnings. The accumulated deficit of -$184.2M highlights a history of losses, and the company continues to burn cash. The equity cushion is now larger, but it is not a reflection of profitability; it is a result of financial engineering. This may provide temporary solvency, but the underlying earnings power remains unproven.
Cash increased to $21.7M in Q2 2026 from $2.8M in Q4 2025, and the current ratio improved to 1.80, yet the company's cash runway is short given ongoing losses, as reported in the balance sheet.
The cash position has improved significantly, likely due to the acquisition's financing, but the company's operating cash flow is negative, and the prior analysis indicated a burn rate that could deplete cash quickly. The current ratio of 1.80 is healthier than the 0.57 seen in Q4 2025, but it is still below the peer average, and the company faces imminent capital needs. The liquidity buffer is thin relative to the scale of the AI infrastructure investment required.
The $519.3M goodwill is the single largest balance sheet risk, as any impairment would wipe out a significant portion of equity, while the company's cash burn suggests imminent dilutive financing, per the balance sheet data.
The goodwill is a non-cash asset that may not be recoverable if the AI business fails to meet projections. An impairment charge would reduce equity and could trigger debt covenants. Additionally, the company's negative cash flow and limited cash runway indicate that additional capital raises are likely, which would dilute existing shareholders. These factors make the headline equity figure misleading, as it is not backed by tangible assets or earnings power.
Quick answers to the most common questions about buying MOVE stock.
As of 2025, Corvex, Inc. (MOVE) had total assets of $5.6M including $5.0M in current assets.
Corvex, Inc. (MOVE) carries total debt of $4.9M, offset by $2.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Corvex, Inc. (MOVE) has total shareholders' equity (book value) of $-3.5M ($-0.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Corvex, Inc. (MOVE) reported a current ratio of 0.57x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.