Hyperscale Data (GPUS) AI Stock Analysis

• Market Cap: $78.25M
• Dividend Yield: N/A
• Average Volume (3M): 72.07M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.19
• Revenue Growth: -32.83%
• EPS Growth: 99.35%
• Country: US
• Employees: 374
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -24.82
• Shares Outstanding: 322,910,000
• 10 Day Avg. Volume: 86,882,594
• 30 Day Avg. Volume: 72,074,549
• PEG Ratio: <0.01
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.05
• P/FCF Ratio: -0.22
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 4.21
• Enterprise Value/Ebitda: -13.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $0.25 ▲(0.40% Upside)

Hyperscale Data's overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and high leverage. Technical analysis also indicates bearish momentum. However, recent corporate events show positive strategic initiatives, slightly offsetting the negative financial outlook.

Positive Factors

Strategic Expansion

The ATM equity offering aims to raise $50M for Bitcoin acquisition and Michigan data facility expansion, indicating strategic growth and infrastructure investment.

Partnerships and Market Reach

These partnerships enhance market reach and credibility, supporting a steady client influx and long-term business stability in high-performance computing.

Dividend Initiatives

Ongoing dividend declarations reflect a commitment to shareholder value and financial strategies that support long-term investor confidence.

Negative Factors

High Leverage

High leverage can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth and manage economic downturns.

Negative Profitability

Persistent negative profitability and revenue decline signal operational inefficiencies, challenging the company's ability to sustain long-term financial health.

Weak Cash Flow

Weak cash flow limits the company's ability to reinvest in operations, pay down debt, and handle unexpected expenses, affecting long-term sustainability.

Hyperscale Data Business Overview & Revenue Model

Company Description

Hyperscale Data (GPUS) is a leading provider of high-performance computing solutions, specializing in the deployment and management of GPU-accelerated data centers. The company operates within the technology and cloud computing sectors, offering services such as cloud-based GPU rental, AI and machine learning processing, and data analytics solutions. With a focus on scalability and efficiency, Hyperscale Data caters to a diverse clientele, including enterprises, researchers, and developers needing robust computational power for complex workloads.

How the Company Makes Money

Hyperscale Data generates revenue primarily through its cloud-based GPU rental services, which allow customers to access powerful GPU resources on a pay-as-you-go basis. This model enables clients to scale their computing needs flexibly without investing in physical hardware. Additional revenue streams include subscription-based access to proprietary software tools for data analytics and machine learning, as well as consulting services for optimizing GPU workloads. The company has established significant partnerships with tech giants and research institutions, enhancing its market reach and credibility, which contributes to a steady influx of clients seeking advanced computing solutions.

Hyperscale Data Financial Statement Overview

Summary

Hyperscale Data faces significant financial challenges across all verticals. The income statement reflects declining revenues and negative profitability, while the balance sheet shows high leverage and poor returns on equity. Cash flow issues further exacerbate the company's financial instability. Immediate strategic actions are necessary to improve financial health and operational efficiency.

Income Statement

Hyperscale Data's income statement reveals significant challenges, with negative net profit margins and declining revenue growth. The TTM data shows a gross profit margin of 20.94%, but the net profit margin is deeply negative at -48.58%. Revenue has decreased by 6.64% compared to the previous year, indicating a concerning trend. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio of 20.70, indicating significant financial risk. The return on equity is negative at -8.50%, highlighting poor profitability. However, the equity ratio stands at 23.06%, suggesting some level of asset backing. Overall, the balance sheet reflects financial instability and high debt levels.

Cash Flow

Cash flow analysis shows negative operating cash flow and free cash flow, with a free cash flow growth rate of 138.28% due to a low base effect. The operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio is 1.34, suggesting some ability to cover net losses with free cash flow, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	94.65M	106.66M	156.44M	117.64M	52.40M	23.87M
Gross Profit	18.95M	24.22M	31.06M	50.68M	28.54M	7.51M
EBITDA	-5.71M	-18.07M	-173.14M	-134.66M	-17.58M	-19.86M
Net Income	-36.71M	-56.20M	-231.03M	-181.82M	-23.25M	-29.41M
Balance Sheet
Total Assets	242.39M	220.77M	299.19M	561.51M	490.29M	75.64M
Cash, Cash Equivalents and Short-Term Investments	75.28M	25.35M	10.07M	17.03M	59.13M	21.24M
Total Debt	98.60M	120.30M	61.14M	91.39M	100.41M	9.46M
Total Liabilities	184.66M	218.68M	240.29M	337.53M	145.11M	26.51M
Stockholders Equity	55.91M	8.64M	44.72M	206.49M	226.84M	48.31M
Cash Flow
Free Cash Flow	-39.84M	-24.24M	-14.09M	-72.82M	-213.66M	-11.76M
Operating Cash Flow	-33.69M	-19.41M	-5.43M	26.49M	-61.67M	-11.18M
Investing Cash Flow	2.10M	3.19M	-29.52M	-158.64M	-333.45M	-7.78M
Financing Cash Flow	63.66M	25.85M	37.04M	124.11M	397.94M	37.28M

Hyperscale Data Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPUS, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.32, and below the 200-day MA of 1.63, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 4.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GPUS.

Hyperscale Data Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CODA	72 Outperform	$104.16M	30.49	6.23%	―	29.34%	13.81%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GPUS	45 Neutral	$78.25M	-0.04	-319.34%	―	-32.83%	99.35%
SIDU	44 Neutral	$58.16M	-1.28	-142.81%	―	-30.18%	80.43%
XTIA	41 Neutral	$44.59M	-0.09	-640.32%	―	―	―
EVTL	25 Underperform	$536.98M	-0.59	―	―	―	―

Hyperscale Data Corporate Events

Hyperscale Data Launches ATM Equity Offering for Expansion

On December 19, 2025, Hyperscale Data, Inc. entered into an at-the-market equity offering program with Spartan Capital Securities to sell up to $50 million of its Class A common stock under an effective shelf registration, with sales to be conducted on the NYSE American or other permitted methods at prevailing market prices and with flexible parameters and termination rights for both parties. The company said it plans to direct most of any net proceeds toward acquiring Bitcoin and expanding its Michigan data facility, with a smaller portion earmarked for working capital and general corporate purposes, and reminded shareholders that a previously announced divestiture of Ault Capital Group, expected in the second quarter of 2026 and structured via exchange of Series F Preferred Stock for ACG shares, will only benefit those holders who tender their Series F shares and do not withdraw them in the exchange offer.

Hyperscale Data Declares Dividends for Preferred Stocks

On December 17, 2025, Hyperscale Data announced cash dividends for its 13.00% Series D and 10.00% Series E Cumulative Redeemable Perpetual Preferred Stocks, with record dates set for December 31, 2025, and payments to be issued on January 12, 2026. These dividend announcements highlight the company’s ongoing shareholder value initiatives and its solid positioning in the AI-driven data center industry. The announcement follows Hyperscale Data’s strategic plans to reshape its focus through divestments and its continued goal of leveraging its digital asset and high-performance computing infrastructure.

Hyperscale Data Secures $12.8M Through Convertible Notes

On December 2, 2025, Hyperscale Data, Inc. entered into a Note Purchase Agreement with JGB Capital and other investors, borrowing $12,768,000 through secured convertible promissory notes. This agreement involves several financial arrangements, including a crypto asset account for collateral, and is expected to influence the company’s financial operations and market positioning. The Convertible Notes, maturing on November 30, 2027, are convertible into the company’s Class A Common Stock, with specific conversion terms and conditions. The transaction includes a registration requirement for the resale of conversion shares and involves various amendments and agreements to secure the company’s obligations.

Hyperscale Data Announces Cash Dividends for Preferred Stock

On November 18, 2025, Hyperscale Data announced cash dividends for its Series D and Series E Cumulative Redeemable Perpetual Preferred Stock, with record dates set for November 30, 2025, and payment on December 10, 2025. This announcement reflects Hyperscale Data’s ongoing financial strategies and its commitment to stakeholders, as it continues to evolve its business model towards high-performance computing and digital asset management.

Hyperscale Data Announces Asset Valuation and Debt Reduction

On November 6, 2025, Hyperscale Data announced its estimated total assets of $330 million and net assets of $150 million as of October 31, 2025, with cash and Bitcoin holdings valued at $122 million. The company invested $16 million in upgrading its Bitcoin mining fleet and reduced debt by over $30 million in 2025, reflecting a strengthened balance sheet. Hyperscale Data’s stock has traded below its perceived asset value, and the company plans a divestiture of Ault Capital Group in 2026 to focus on its AI and digital asset operations.

Hyperscale Data Converts Shares to Boost Class A Stock

Between October 10, 2025, and October 28, 2025, Hyperscale Data, Inc. converted shares of its Class B common stock and Series B Convertible Preferred Stock into a significant number of Class A common stock shares, totaling over 10 million shares. This strategic move, executed under an exemption from the Securities Act of 1933, increased the company’s outstanding shares of Class A common stock to 323,826,710 as of October 30, 2025, potentially impacting its market positioning and shareholder value.

Hyperscale Data Announces Dividends for Preferred Stocks

On October 17, 2025, Hyperscale Data announced cash dividends for its Series D and Series E Cumulative Redeemable Perpetual Preferred Stocks, with record dates set for October 31, 2025, and payments scheduled for November 10, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, while it continues to operate and expand its diverse portfolio, including data centers and digital asset holdings.

Hyperscale Data Issues New Shares in October 2025

Between September 29, 2025, and October 8, 2025, Hyperscale Data, Inc. issued a total of 8,750,000 shares of Class A common stock through the conversion of Series B Convertible Preferred Stock and Class B common stock. On October 7, 2025, an additional 2,264,155 shares were issued upon conversion of a convertible note. These transactions were conducted under an exemption from registration requirements, and as of October 9, 2025, the company had 188,945,811 shares of Class A common stock outstanding.

Hyperscale Data Converts Preferred to Common Stock

Between September 18 and September 26, 2025, Hyperscale Data, Inc. converted 3,804.84 shares of Series B Convertible Preferred Stock into 9,512,105 shares of Class A common stock. Additionally, on September 22, 2025, the company converted one share of Class B common stock into Class A common stock, increasing its total outstanding Class A shares to 109,215,633 by September 26, 2025.

Hyperscale Data Announces Special Dividend of Class B Shares

On September 22, 2025, Hyperscale Data announced a special dividend of 20 million shares of its Class B Common Stock to holders of its Class A and B Common Stock and various series of Convertible Preferred Stock. The record date for this dividend is October 6, 2025, with a payment date set for October 31, 2025. This move is part of the company’s strategic financial maneuvers, which may affect its stockholder structure and market positioning, although the Class B shares currently lack a public trading market.