Hyperscale Data Interim Filing Shows Wider Losses on Every Reported Earnings Window

Bottom line

Hyperscale Data, Inc. remains in a loss position on every reported earnings window in the interim filing. Both the three-month reporting period and the six-month year-to-date period show losses that are wider than the prior-year comparatives at the operating-line and the bottom-line, while Earnings Per Share, Diluted is a loss on every window and worsens versus the prior year. The qualitative read is straightforward: this is still a loss-making interim report on every dimension the file discloses, with no quarter or half-year window in the catalog showing a profit or an improvement against the prior-year period.

The reporting identity frames what the reader is looking at. The filing is filed by Hyperscale Data, Inc. under ticker GPUS, CIK 0000896493, on 10-Q for fiscal period period-ended-2026-06-30, and carries accession 0001214659-26-010549. The source scope inside the quoted narrative is the unaudited interim condensed consolidated set, prepared under Form instructions and Regulation S-X, and meant to be read alongside the Company’s most recent annual report on the prior-year form for the year ended in December. That is the only population of statements this section draws from; management’s own description of the business and of segment structure lives within that same scope.

The window-level loss profile is described as follows in the quoted evidence. For the three-month reporting period, Operating Income (Loss) was -$23,114,000 USD versus -$10,127,000 USD in the prior-year three-month period, moving in the authorized direction with the prior state preserved as a loss. Net Income (Loss) Attributable to Parent was -$19,356,000 USD versus -$19,051,000 USD in the prior-year three-month period, again with the authorized direction and the prior state preserved as a loss. Earnings Per Share, Diluted was -$0.05 per diluted share USD/SHARES versus -$2.66 per diluted share USD/SHARES in the prior-year three-month period, again with the authorized direction and the prior state preserved as a loss.

For the six-month year-to-date period, Operating Income (Loss) was -$44,388,000 USD versus -$16,511,000 USD in the prior-year half-year period, with the authorized direction and the prior state preserved as a loss. Net Income (Loss) Attributable to Parent was -$49,306,000 USD versus -$23,256,000 USD in the prior-year half-year period, with the authorized direction and the prior state preserved as a loss. Earnings Per Share, Diluted was -$0.13 per diluted share USD/SHARES versus -$3.89 per diluted share USD/SHARES in the prior-year half-year period, with the authorized direction and the prior state preserved as a loss. The supported comparisons are limited to these earnings-line dimensions; broader cash-flow or shareholder-return comparisons referenced in later sections are out of scope for the answer-first conclusion.

Management frames the period around the planned divestiture of ACG, after which the Company would be an owner and operator of data centers supporting high-performance computing, along with a holder of digital assets; until the Divestiture occurs, ACG and its subsidiaries continue to provide products and services across the listed reportable segments. The quoted narrative does not attribute the quarterly or half-year loss changes to any single cause in the passages reproduced here.

Inferences stay strictly within the authorized comparisons. Across every supported earnings dimension and on every window, the current period is a wider loss than the prior-year comparative, and the prior-year states were themselves losses — so the authorized transition reads as loss to loss in each comparison. No other inference is supported by this section’s evidence.

None is disclosed for these dimensions in the quoted narrative; the statements that are present only describe the business, the segment list, and the basis of presentation.

UNKNOWN: Segment-level detail for these earnings dimensions is not in the quoted narrative. The filing evidence does not attribute this change to any single cause. The filing evidence does not contain a peer or industry comparison for the period. The filing evidence contains no peer or industry comparison. Segment-level values for the reported earnings windows are not separately disclosed in the passages reproduced in this section. The filing evidence does not disclose segment-level detail for this dimension.

Financial performance

- The interim filing under 10-Q for Hyperscale Data, Inc. ([ticker: GPUS], accession 0001214659-26-010549, CIK 0000896493) covers the three-month reporting period the three months ended June 30, 2026 and the six-month year-to-date period the six months ended June 30, 2026, with prior-year comparatives the three months ended June 30, 2025 and the six months ended June 30, 2025 respectively. 89 per diluted share in the prior-year half-year window; the authorized direction is an increase and the authorized transition is loss to loss, so both periods remained in a loss position with the year-to-date figure widening less severely than the prior-year comparable.

66 per diluted share for the prior-year quarter; again the authorized direction is an increase and the authorized transition is loss to loss, leaving the quarter in a loss that shallowed versus the prior-year quarter rather than widening. - On the Net Income (Loss) Attributable to Parent line, the six-month period shows Net Income (Loss) Attributable to Parent of -$49,306,000 versus -$23,256,000 in the prior-year half-year, and the three-month period shows Net Income (Loss) Attributable to Parent of -$19,356,000 versus -$19,051,000 in the prior-year quarter; the authorized direction for both windows is a decrease and the authorized transition is loss to loss, so each period registered a loss that is described as larger in magnitude than the prior-year comparable.

- Operating Income (Loss) for the six-month period was -$44,388,000, compared with -$16,511,000 a year earlier, and Operating Income (Loss) for the three-month period was -$23,114,000, compared with -$10,127,000; on both windows the authorized direction is a decrease and the authorized transition is loss to loss, so the operating loss deepened relative to the prior year on both reporting lines. - The consolidated entity is Delaware-incorporated Hyperscale Data, operating through its wholly owned subsidiary Sentinum, Inc.

(data center, digital asset mining, colocation and hosting for AI ecosystems) and its wholly owned subsidiary Ault Capital Group, Inc. (a hybrid private equity and operating company spanning financial services, digital assets, industrial services, hospitality and defense technologies, with private credit and structured finance activity conducted through Ault Lending, LLC). Management discloses that the divestiture of ACG is currently expected to occur in a forthcoming period, after which the remaining company would be focused on data-center operations supporting high-performance computing services and the holding of digital assets.

- Reportable segments comprise Sentinum, Energy and Infrastructure (crane operations), Defense (operating as TurnOnGreen), Ault Global Real Estate Equities, Inc. (hotel operations and other commercial real estate), Technology and Finance (commercial lending, activist investing, stock trading), and a Holding Company segment covering corporate operations, AI software platform work, blockchain and digital technology initiatives, and portfolio company management. The filing evidence does not disclose segment-level detail for this dimension.

- The condensed consolidated financial statements are unaudited and have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X, without all the disclosures required by GAAP; the December (omitted) balance sheet was derived from the audited financial statements contained in the (omitted) Annual Report filed with the SEC on April (omitted). The interim financial information reflects all normal adjustments management considers necessary for a fair statement of the interim periods, and results for the three and six months ended June (omitted) are not necessarily indicative of results to be expected for future interim periods or the full year ending December (omitted).

- The accompanying condensed consolidated financial statements were prepared assuming the Company will continue as a going concern, in line with the Liquidity and Going Concern note. The filing evidence does not attribute this change to any single cause. - The filing evidence contains no peer or industry comparison.

Operating drivers and segments

- The filing describes a multi-segment structure with six named reporting units covering crypto mining and digital-asset treasury operations, crane services, defense electronics, hospitality and commercial real estate, lending and trading, and a corporate holding function, but the cited segments in this interim statement do not carry an independent segment-level operating-income breakout for the periods at issue, so The filing evidence does not disclose segment-level detail for this dimension. governs any segment-by-segment margin read-through here. - Consolidated Operating Income (Loss) for the three-month reporting period was -$23,114,000 USD, against -$10,127,000 USD for the prior-year comparative, with the authorized transition flagged as loss to loss and the direction of change authorized as a decrease. - Consolidated Operating Income (Loss) for the six-month year-to-date period was -$44,388,000 USD, against -$16,511,000 USD for the prior-year comparative, with the authorized transition flagged as loss to loss and the direction of change authorized as a decrease. - Because the period totals are presented as losses on both windows and segment-level operating lines are not disclosed in the cited notes, any attempt to allocate the change between segments in this section would exceed the filing evidence; readers needing that decomposition should consult the full segment footnote rather than infer a split here.

- Management frames the company as a data-center operator that mines digital assets and offers colocation and hosting for emerging AI ecosystems through its Sentinum subsidiary, alongside a diversified holding company via Ault Capital Group that spans financial services, industrial services, hospitality, defense and other sectors, with a stated expectation that the divestiture of Ault Capital Group will occur at the later date marked (omitted) in the source narrative. - The interim filing is prepared under the instructions to Form 10-Q and Regulation S-X, reflects normal interim adjustments that management considers necessary for a fair presentation, and points readers back to the audited annual report on Form (omitted) for the year ended December (omitted) and to the Risk Factors sections of that annual report and of this Quarterly Report for the substantive drivers behind the operating result. - Management's forward-looking caveats cover a wide set of risks that could cause actual results to differ materially, including any divestitures, mergers, acquisitions or other business combinations that had not been completed as of the filing date, and the company expressly disclaims any duty to update those statements except where disclosure is required by law. - On the specific year-over-year movement in Operating Income (Loss), the filing as quoted does not attribute the change to any single cause, so the causal dimension here is recorded as The filing evidence does not attribute this change to any single cause. rather than reconstructed by the analyst. - Independent analysis cannot layer peer or industry benchmarking onto these numbers because the filing evidence contains no peer or industry comparison, and so The filing evidence contains no peer or industry comparison. applies to any attempt to contextualise the consolidated operating-loss level against external operators in this section.

Readers who want to place the consolidated operating-loss pattern alongside comparable interim filings on Lizely can compare the direction of change with prior Lizely earnings analyses such as the Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows insight, keeping in mind that the present section concerns a loss-to-loss transition rather than the profit-to-profit pattern covered there, while the REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in period-ended filing insight is offered only as a structural reference for an interim period ended mid-year rather than as a margin benchmark for a diversified holding company in this filing.

Cash flow and capital

Hyperscale Data, Inc.'s 10-Q for period-ended-2026-06-30 (accession 0001214659-26-010549, CIK 0000896493, ticker GPUS) shows a six-month year-to-date cash-flow profile in which every category moves in the same direction as its prior-year counterpart, with the magnitude of each line uniformly larger than last year. Operating cash outflow, investing cash outflow, financing cash inflow, capital spending and dividend payments are all higher than in the six months ended June 30, 2025 on an absolute basis.

The reported facts: - Operating cash flow was -$9,885,000 USD for the six months ended June 30, 2026, against -$7,055,000 USD for the six months ended June 30, 2025 — both negative, with the current-period outflow authorized as a decrease. - Investing cash flow was -$45,071,000 USD for the six months ended June 30, 2026, against -$2,331,000 USD for the six months ended June 30, 2025 — both negative, with the current-period outflow authorized as a decrease. - Financing cash flow was $70,765,000 USD for the six months ended June 30, 2026, against $11,613,000 USD for the six months ended June 30, 2025 — both positive, with the current-period inflow authorized as an increase. - Capital expenditures (Payments to Acquire Property, Plant, and Equipment) were $17,315,000 USD for the six months ended June 30, 2026, against $3,277,000 USD for the six months ended June 30, 2025, with the current-period spending authorized as an increase. - Dividends paid were $4,804,000 USD for the six months ended June 30, 2026, against $4,161,000 USD for the six months ended June 30, 2025, with the current-period payments authorized as an increase.

Management's narrative frames the interim filing as a going-concern statement prepared under the Form 10-Q instructions, with the period-over-period swings in working-capital, debt and equity tied to the planned divestiture of the ACG subsidiary and to the corporate evolution toward a pure-play data-center and digital-asset operator. The Liquidity and Going Concern note explicitly states that the accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The filing evidence does not attribute this change to any single cause.

Analyst inference — read strictly off the numbers: the operating cash burn expanded year over year while financing cash inflow simultaneously expanded, a pattern consistent with the company funding a wider operating deficit and heavier capital outlay through fresh external capital rather than from internal cash generation. Investing outflow widened in tandem with the rise in capital expenditures, implying that the incremental financing was being absorbed by asset purchases rather than by working-capital build. The dividend line also stepped up, so a portion of the larger financing inflow was returned to shareholders even as operations consumed more cash.

Counter-evidence and unknowns: the filing does not disclose a peer or industry benchmark for either period, so any read of whether the cash burn is "large for the sector" cannot be made from the filing evidence. The filing evidence contains no peer or industry comparison. Segment-level detail for these cash-flow dimensions is not separately broken out. The filing evidence does not disclose segment-level detail for this dimension. The exact composition of accounts payable and accrued liabilities is presented at three layered levels on the balance sheet — Accounts Payable and Accrued Liabilities, Current at $61,418,000 USD, Accounts Payable and Accrued Liabilities at $61,418,000 USD, and a stand-alone Accounts Payable line at $28,645,000 USD, all as of the balance sheet date of June 30, 2026 — and the filing does not reconcile them narratively, so whether the differential reflects a reclassification, a current/non-current split, or aggregation differences cannot be determined here. The filing evidence does not attribute this change to any single cause.

Liquidity at the balance-sheet date rests on Cash and Cash Equivalents, at Carrying Value of $36,780,000 USD as of the balance sheet date of June 30, 2026, while accounts payable and accrued liabilities sit at the three levels cited above; the relative size of that cash stock against the wider operating cash outflow and the heavier capital and dividend outflows is the key liquidity lens for the period, though no explicit cash-runway calculation is provided in the filing evidence.

Readers who want to compare this going-concern cash pattern against a peer with the opposite revenue and net-income trajectory can cross-reference the interim read in REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing for a contrast in tone.

Peer and historical context

The filing on 10-Q for Hyperscale Data, Inc. (ticker GPUS, CIK 0000896493, accession 0001214659-26-010549, fiscal period period-ended-2026-06-30) frames its year-over-year comparisons only against the prior-year period of the same length — a six-month year-to-date window and a three-month interim window. That choice is meaningful here: the company's narrative says it is reorganising around a planned divestiture and a transition toward data-center and digital-asset operations, so the most relevant benchmark is its own recent run-rate rather than a calendar year.

the filing includes no peer-company income statements, no industry index, and no third-party analyst table against which Hyperscale Data, Inc. is set. The filing evidence contains no peer or industry comparison. The historical comparisons available are therefore strictly internal: each line item in the statement of operations for the three months ended June 30, 2026 and the six months ended June 30, 2026 is presented alongside the three months ended June 30, 2025 and the six months ended June 30, 2025.

For Operating Income (Loss), the six-month result -$44,388,000 registered a larger loss than the prior six-month figure -$16,511,000 — a deeper loss on a wider window. The three-month operating result -$23,114,000 likewise printed a loss wider than the prior-year three-month figure -$10,127,000. Both windows stayed in loss territory; neither comparison shows a transition out of operating losses.

Net Income (Loss) Attributable to Parent followed the same shape. The six-month figure -$49,306,000 is a loss, and that loss is deeper than the prior-year six-month -$23,256,000. The three-month figure -$19,356,000 is also a loss, wider than the prior-year three-month -$19,051,000. Diluted earnings per share mirror this on both windows: a loss this year that is, in absolute terms, larger than a loss last year.

Cash from operations tells the opposite half-year story but the same directional message. Operating cash flow for the six months ended June 30, 2026 came in at -$9,885,000, a more negative figure than the prior-year six-month -$7,055,000 — cash burn widened year over year on the year-to-date window.

Taken together, the internal history shows losses expanding and operating cash outflows deepening across both the quarter and the year-to-date basis. The filing evidence does not attribute this change to any single cause. The forward-looking statements block appears in Item 5 and the exhibits index in Item 6, neither of which supplies a per-line driver. Investors looking to triangulate a peer-set picture against this interim trajectory can compare the run-rate of losses against filings where peers reported the opposite direction, as in the REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing insight, to set the scale of the deterioration here in context.

Scenario analysis

- Reported facts: Net Income (Loss) Attributable to Parent was a loss of -$49,306,000 USD for the six-month year-to-date period the six months ended June 30, 2026 and a loss of -$19,356,000 USD for the three-month reporting period the three months ended June 30, 2026, per 10-Q filed by Hyperscale Data, Inc. (GPUS, CIK 0000896493, accession 0001214659-26-010549) for fiscal period period-ended-2026-06-30. - Management explanation: The condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, and interim results are described as not necessarily indicative of full-year results. - Analyst inference: The base case assumes the going-concern posture holds, that interim non-indicative caveats are taken at face value, and that the year-to-date loss anchors expectations for the remainder of the fiscal year absent new disclosure. - Counter-evidence: The prior-year comparatives — a loss of -$23,256,000 USD for the six months ended June 30, 2025 and a loss of -$19,051,000 USD for the three months ended June 30, 2025 — show the reported loss is loss-to-loss against the prior period on both windows, rather than a fresh deterioration. - Unknowns: Whether segment mix, capital actions, or macro conditions shift the run-rate through year-end is not addressed in the filing evidence; The filing evidence does not disclose segment-level detail for this dimension. applies.

- Reported facts: The prior-year six-month and three-month losses of -$23,256,000 USD and -$19,051,000 USD establish a baseline against which any narrowing would be measured. - Management explanation: Management indicates that interim results are not necessarily indicative of future periods, which is consistent with the possibility of a recovery path. - Analyst inference: An upside case would frame a narrower loss versus the prior-year comparables on one or both windows, with no change to the going-concern assumption. - Counter-evidence: The authorized direction on Net Income (Loss) Attributable to Parent for the six months ended June 30, 2026 versus the six months ended June 30, 2025 and for the three months ended June 30, 2026 versus the three months ended June 30, 2025 is a decrease, with loss-to-loss transitions on both windows; the filing evidence does not depict the move as an improvement. - Unknowns: The drivers of any narrowing — whether segment contribution, cost actions, or one-time items — are not attributed in the filing; The filing evidence does not attribute this change to any single cause..

- Reported facts: The current six-month and three-month losses of -$49,306,000 USD and -$19,356,000 USD sit alongside prior-year losses of -$23,256,000 USD and -$19,051,000 USD. - Management explanation: Management reiterates that interim results may not be indicative of the full-year outcome, underscoring uncertainty around the trajectory. - Analyst inference: A downside case would frame the current-period loss as larger than the prior-year comparable on one or both windows, while still assuming the going-concern basis of presentation. - Counter-evidence: The authorized direction for both windows is a decrease and the transition is loss to loss; the filing evidence does not attribute the shift to any single cause, so The filing evidence does not attribute this change to any single cause. applies rather than a fabricated driver story. - Unknowns: Magnitude beyond the directional cut, and any segment-level breakdown, are not disclosed in this filing; The filing evidence does not disclose segment-level detail for this dimension. and The filing evidence does not attribute this change to any single cause. together cover the gap.

The filing references the reportable segments described in the source narrative and the cautionary language carried in Item 6 about forward-looking statements, but it does not provide segment-level earnings detail or peer benchmarks for these scenarios. Readers comparing patterns across interim filings may find the directional treatment in Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows useful as a contrast to the loss-to-loss profile shown here.

Risks and what to watch

- The filing's narrative explicitly flags a going-concern assumption in the liquidity footnote, so readers should treat that as the dominant near-term risk frame for Hyperscale Data, Inc. (GPUS). The accompanying condensed consolidated financial statements were prepared assuming the Company will continue as a going concern, which means the audit trail is built on a premise that has not yet been resolved at the reporting cut-off.

- A widening reported loss is the second risk flag visible in the catalog. Net Income (Loss) Attributable to Parent for the three-month reporting period moved lower versus the prior-year comparative, and the six-month year-to-date figure also moved lower versus its prior-year comparative. Both transitions are loss-to-loss, so the company is not exiting the loss column, but the gap is widening on both windows (-$19,051,000, -$19,356,000, -$23,256,000, -$49,306,000).

- Counter-evidence inside the filing is thin. Management's discussion in the basis-of-presentation note cautions that actual results may differ materially from the Company's estimates, which is a candid reminder that the headline figures are themselves an estimate-driven view rather than a finalized audited set; the condensed consolidated financial information is unaudited but reflects all normal adjustments that management deems necessary. - Unknowns that the filing does not close out include the segment-level mix behind the loss change — The filing evidence does not disclose segment-level detail for this dimension.

— and any peer or industry comparison to contextualize the size of the loss — The filing evidence contains no peer or industry comparison.. Investors looking for a like-for-like benchmark against other interim filings of comparable issuers will not find one inside this document. - The filing evidence does not attribute this change to any single cause.

- Forward-looking statements language appears under Item 6 and Item 5, which is the standard safe-harbor reminder that the filing itself contains projections or expectations subject to risks and uncertainties; readers should weigh the going-concern assumption and the loss-widening trend against that safe-harbor framing. - Risk-factor and legal-proceedings references appear under Item 1A and Item 1, while controls and procedures disclosures sit under Item 4 and market-risk discussion under Item 3; these are the surfaces where new disclosures about liquidity, litigation, or hedging could appear in a future interim filing.

Unregistered equity activity is addressed under Item 2. - Metrics to watch in the next period: the trajectory of Net Income (Loss) Attributable to Parent on both the three-month and six-month windows, to see whether the loss-to-loss transition narrows or widens further; any change to the going-concern assumption in the liquidity footnote, since a removal or modification would itself be a material signal; the level of unaudited estimate adjustments flagged by management, given the explicit caveat that actual results may differ materially; and any new disclosure under the risk-factors, legal-proceedings, controls, or market-risk items that could reshape the loss narrative.

Readers cross-checking interim loss behavior against other recent issuers can also review a comparable pattern in Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows for contrast.