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Exascale Labs reports strong FY2026 growth; Nasdaq listing adds momentum

Sep 28, 2026, 4:58 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Public listing, a sizable revenue uptick, and actionable partnerships create near-term upside potential, though profitability remains a challenge and execution risk persists.

AI summary

What happened, with direct paths to the underlying reporting

Exascale posted FY2026 revenue of $14.8 million, up 111% y/y, driven by stronger GPU-as-a-Service demand. Gross margin was 16.3% with a $2.42 million gross profit, but net loss reached $12.16 million as the company scales its infrastructure. The company completed its SPAC merger and began trading on Nasdaq as XLAB/XLABW; it also disclosed non-binding LOIs with Compal Electronics and EnergyBank and named a new CFO, signaling rapid growth execution and notable execution risk.

FY2026 revenue rose 111% to $14.8M; GPU-as-a-Service demand strong.
Completed SPAC merger; Nasdaq trading under XLAB/XLABW since Aug 28, 2026.
LOI with Compal Electronics for 800 VDC GPU validation; MOU with EnergyBank.
CFO Jacob (Jake) Carney appointed; ~$300M pipeline seeks conversion to contracts.
FY2027 focus: capacity expansion, 800 VDC power/cooling, and SaaS monetization.

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