MOVE on Nasdaq
Corvex, Inc.
OpCo, pursuant to which Corvex OpCo was the surviving corporation and became a wholly owned subsidiary of the Company (the “Merger”).3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerMOVE on Nasdaq1
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersArlington, Virginia1
- Incorporated inDE2
- Business address3401 North Fairfax Drive, Arlington, Va 222262
- Filer category, Emerging growth company2
- Legal formCorporation
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OpCo, pursuant to which Corvex OpCo was the surviving corporation and became a wholly owned subsidiary of the Company (the “Merger”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue28¢$2.3M
- Research and development72¢$5.7M
Out of $433.0K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $433.0K | $1.0M |
| Cost of revenue | $2.3M | $3.0M |
| Research and development | $5.7M | $11.2M |
| Sales, general and administrative | $7.9M | $11.0M |
| Total costs and expenses | $15.9M | $25.2M |
| Loss from operations | -$15.5M | -$24.2M |
| Interest expense (related party) | -$3.0M | |
| Interest and other income, net | $183.0K | $495.0K |
| Other income (expense), net | -$2.8M | $495.0K |
| Net loss and total comprehensive loss | -$18.3M | -$23.7M |
| Cumulative dividends on Series A preferred stock | -$37.0K | |
| Net loss - attributed to common stockholders | -$18.3M | -$23.7M |
| Net loss per share, basic (in Dollars per share) | -$21.79 | -$39.39 |
| Net loss per share, diluted (in Dollars per share) | -$21.79 | -$39.39 |
| Weighted average shares used in computing net loss per share, basic (in Shares) | 840.7K shares | 602.3K shares |
| Weighted average shares used in computing net loss per share, diluted (in Shares) | 840.7K shares | 602.3K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.8M | $7.9M | ||
| Payroll tax credit, current portion | $107.0K | $52.0K | ||
| Vendor deposits | $44.0K | $28.0K | ||
| Inventory | $1.8M | $2.0M | ||
| Prepaid expenses and other current assets | $243.0K | $362.0K | ||
| Total current assets | $5.0M | $10.4M | ||
| Property and equipment, net | $101.0K | $213.0K | ||
| Right-of-use asset | $415.0K | $600.0K | ||
| Other assets | $97.0K | $117.0K | ||
| Total assets | $5.6M | $11.3M | ||
| Accounts payable | $3.5M | $2.0M | ||
| Deferred revenue | $12.0K | $36.0K | ||
| Other current liabilities | $936.0K | $1.4M | ||
| Total current liabilities | $8.8M | $3.4M | ||
| Other noncurrent liabilities | $267.0K | $520.0K | ||
| Total noncurrent liabilities | $267.0K | $520.0K | ||
| Total liabilities | $9.1M | $4.0M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized at December 31, 2025 and 2024; 904,486 and 684,029 shares issued and outstanding at December 31, 2025 and 2024, respectively | $10.0K | $10.0K | ||
| Additional paid-in capital | $162.9M | $155.5M | ||
| Accumulated deficit | -$166.4M | -$148.1M | ||
| Total stockholders' equity (deficit) | -$3.5M | $7.4M | $3.4M | |
| Total liabilities and stockholders' equity (deficit) | $5.6M | $11.3M | ||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued (in Shares) | 3.0K shares | |||
| Preferred stock, shares outstanding (in Shares) | 3.0K shares | |||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in Shares) | 904.5K shares | 684.0K shares | 280.7K shares | |
| Common stock, shares outstanding (in Shares) | 904.5K shares | 684.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.8M | $7.9M | ||
| Payroll tax credit, current portion | $107.0K | $52.0K | ||
| Vendor deposits | $44.0K | $28.0K | ||
| Inventory | $1.8M | $2.0M | ||
| Prepaid expenses and other current assets | $243.0K | $362.0K | ||
| Total current assets | $5.0M | $10.4M | ||
| Property and equipment, net | $101.0K | $213.0K | ||
| Right-of-use asset | $415.0K | $600.0K | ||
| Other assets | $97.0K | $117.0K | ||
| Total assets | $5.6M | $11.3M | ||
| Accounts payable | $3.5M | $2.0M | ||
| Deferred revenue | $12.0K | $36.0K | ||
| Other current liabilities | $936.0K | $1.4M | ||
| Total current liabilities | $8.8M | $3.4M | ||
| Other noncurrent liabilities | $267.0K | $520.0K | ||
| Total noncurrent liabilities | $267.0K | $520.0K | ||
| Total liabilities | $9.1M | $4.0M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized at December 31, 2025 and 2024; 904,486 and 684,029 shares issued and outstanding at December 31, 2025 and 2024, respectively | $10.0K | $10.0K | ||
| Additional paid-in capital | $162.9M | $155.5M | ||
| Accumulated deficit | -$166.4M | -$148.1M | ||
| Total stockholders' equity (deficit) | -$3.5M | $7.4M | $3.4M | |
| Total liabilities and stockholders' equity (deficit) | $5.6M | $11.3M | ||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued (in Shares) | 3.0K shares | |||
| Preferred stock, shares outstanding (in Shares) | 3.0K shares | |||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in Shares) | 904.5K shares | 684.0K shares | 280.7K shares | |
| Common stock, shares outstanding (in Shares) | 904.5K shares | 684.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$18.3M | -$23.7M |
| Depreciation and amortization | $149.0K | $166.0K |
| Stock-based compensation | $2.9M | $3.2M |
| Noncash lease expense | -$1.0K | $246.0K |
| Write-down of inventory to net realizable value | $785.0K | |
| Amortization of debt discount (related party) | $2.9M | |
| Interest expense on bridge loan (related party) | $82.0K | |
| Non-cash compensation related to common stock warrants issued to strategic advisory group | $60.0K | |
| Loss on disposal of property and equipment | $2.0K | |
| Payroll tax credit | -$55.0K | $567.0K |
| Inventory | -$505.0K | -$932.0K |
| Prepaid expenses, vendor deposits and other current assets | $103.0K | $451.0K |
| Other assets | -$17.0K | -$14.0K |
| Accounts payable | $1.3M | -$1.1M |
| Deferred revenue | -$24.0K | -$1.2M |
| Other current and noncurrent liabilities | -$596.0K | -$265.0K |
| Net cash used in operating activities | -$11.3M | -$22.5M |
| Purchases of property and equipment | -$8.0K | |
| Net cash used in investing activities | -$8.0K | |
| Proceeds from bridge loan (related party) | $1.5M | |
| Proceeds from sale of Series A preferred stock | $3.0M | |
| Issuance of common stock, pre-funded warrants and common stock warrants in April 2024 sale, net of issuance costs | $22.6M | |
| Issuance of common stock, net of issuance costs | $1.6M | $1.7M |
| Issuance of common stock upon exercise of stock options | $87.0K | $15.0K |
| Net cash provided by financing activities | $6.2M | $24.3M |
| Net increase/(decrease) in cash and cash equivalents | -$5.1M | $1.8M |
| Cash paid for interest | $4.0K | |
| Vesting of common stock issued upon early exercise | $23.0K | |
| Issuance of common stock warrants in April 2024 sale | $8.8M | |
| Right of use asset recorded for operating lease liability | $544.0K | |
| Original issue discount on bridge loan | $3.0M | |
| Issuance costs on bridge loan (related party) recorded in accounts payable | $10.0K | |
| Accrued interest on bridge loan (related party) in other current liabilities | $72.0K | |
| Amortization of original issue discount on bridge loan (related party) | $2.9M | |
| Costs (in equity) related to sale of Series A preferred stock recorded in accounts payable | $150.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Corvex, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerJohn Adler Crystal Iii. Mar 31, 2026 to Jul 8, 202611
- Chief executive officerSeth Demsey Jul 8, 2026 to now12
- Chief executive officerMichael Aaron Leabman Mar 23, 2021 to Mar 25, 202113
- Chief executive officerJohn Mastrototaro Nov 18, 2021 to Mar 31, 202614
- PresidentMichael Aaron Leabman Mar 23, 2021 to Mar 25, 202113
- Chief financial officerChristopher Moreland Jul 1, 2026 to now15
- Chief financial officerBrian Cullinan Mar 23, 2021 to Mar 23, 202116
- Chief financial officerJeremy Cogan Mar 23, 2021 to Jul 1, 202617
Board members and other officers (12)
- Chief Technology OfficerMichael Aaron Leabman Nov 18, 2021 to now18
- Board memberSeth Demsey Mar 23, 2026 to now19
- Board memberNicholas M. Donofrio Jul 1, 2026 to now20
- Board memberPatrick Fleury Jul 1, 2026 to now21
- Board memberJohn Adler Crystal Iii. Jul 8, 2026 to now22
- Board memberShaheen Wirk Jan 6, 2025 to now23
- Board memberNan Kirsten Forte Apr 19, 2022 to Jan 4, 202424
- Board memberEmily Fairbairn Mar 23, 2021 to now25
- Board memberJohn Mastrototaro Mar 23, 2021 to now26
- Board memberMichael Aaron Leabman Mar 23, 2021 to now13
- Board memberRuben Caballero Mar 23, 2021 to now27
- Board memberBrian Cullinan Mar 25, 2021 to now28
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
283 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 55 major events, 118 insider forms, 6 large holders, 2 private raises, 80 other. The latest 20:
- Oct 14, 20268-K CURRENT REPORT EDGAR
- Oct 14, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- Oct 2, 2026EFFECT EDGAR
- Oct 2, 2026144 EDGAR
- Oct 2, 2026144 EDGAR
- Sep 25, 2026S-3 REGISTRATION STATEMENT EDGAR
- Sep 16, 2026EFFECT EDGAR
- Sep 4, 2026S-8 REGISTRATION STATEMENT EDGAR
- Sep 4, 2026S-3 REGISTRATION STATEMENT EDGAR
- Sep 4, 20268-K CURRENT REPORT EDGAR
- Sep 4, 2026D EDGAR
- Sep 2, 20268-K CURRENT REPORT EDGAR
- Aug 14, 20268-K CURRENT REPORT EDGAR
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- Jul 22, 2026EFFECT EDGAR
- Jul 22, 2026424B7 PROSPECTUS EDGAR
- Jul 10, 2026S-1 REGISTRATION STATEMENT EDGAR
- Jul 8, 2026SCHEDULE 13D EDGAR
- Jul 8, 2026SCHEDULE 13D EDGAR
- Jul 8, 20264 EDGAR
The 283 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
40 open-market trades by officers, directors and large owners since October 2021: 29 buys and 11 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 27, 2026 | Mastrototaro JohnChief Executive Officer | Sale | 33,069 | $20.80 | $687.9K | Form 4 |
| Jan 27, 2026 | Cogan JeremyCFO | Sale | 28,736 | $20.78 | $597.3K | Form 4 |
| Jan 14, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 6,845 | $6.66 | $45.6K | Form 4 |
| Jan 13, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 2,076 | $6.94 | $14.4K | Form 4 |
| Jan 12, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 3,377 | $7.01 | $23.7K | Form 4 |
| Jan 9, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 783 | $7.27 | $5.7K | Form 4 |
| Jan 8, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 3,593 | $7.26 | $26.1K | Form 4 |
| Jan 7, 2026 | Leabman Michael AaronChief Technology Officer | Sale | 3,293 | $7.34 | $24.2K | Form 4 |
| Jan 6, 2026 | Cogan JeremyCFO | Sale | 8,218 | $7.79 | $64.0K | Form 4 |
| Jan 5, 2026 | Cogan JeremyCFO | Sale | 1,879 | $8.35 | $15.7K | Form 4 |
| Jan 5, 2026 | Mastrototaro JohnChief Executive Officer | Sale | 2,514 | $8.21 | $20.6K | Form 4 |
| Apr 2, 2024 | Caballero RubenDirector | Buy | 22,000 | Form 4 | ||
| Apr 2, 2024 | Cogan JeremyCFO | Buy | 45,000 | Form 4 | ||
| Apr 2, 2024 | Cullinan BrianDirector | Buy | 44,000 | Form 4 | ||
| Apr 2, 2024 | FAIRBAIRN EMILYDirector | Buy | 4,690,000 | Form 4 | ||
| Apr 2, 2024 | Mastrototaro JohnChief Executive Officer | Buy | 176,500 | Form 4 | ||
| Nov 14, 2023 | FAIRBAIRN EMILYDirector | Buy | 295,000 | $0.85 | $250.8K | Form 4 |
| Nov 14, 2023 | Mastrototaro JohnChief Executive Officer | Buy | 12,000 | $0.85 | $10.2K | Form 4 |
| Nov 14, 2023 | Cogan JeremyCFO | Buy | 12,000 | $0.85 | $10.2K | Form 4 |
| Jun 13, 2023 | Cogan JeremyCFO | Buy | 35,000 | $1.00 | $35.0K | Form 4 |
All 40 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- John Adler Crystal Iii.SCHEDULE 13D, 1 filing Jul 8, 202631
- Seth DemseySCHEDULE 13D, 1 filing Jul 8, 202632
- Peter A. AppelSC 13G, 1 filing Apr 10, 202433
- Gregory S. TamkinSC 13G/A, 2 filings Feb 4, 2022 to Apr 9, 202434
- William Tai-Wei HoSC 13G, 1 filing Feb 4, 202235
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Dorsey & Whitney Trust CO LLC | 50,969 | $1.1M | 0.1% | +13,436 |
| Raymond James Financial Inc | 45,977 | $997.9K | 0.0% | +13,134 |
| Jane Street Group, LLC | 31,897 | $692.3K | 0.0% | New |
| Northern Trust Corp | 26,261 | $570.0K | 0.0% | New |
| Vanguard Capital Management LLC | 21,576 | $468.3K | 0.0% | +15,425 |
| Geode Capital Management, LLC | 18,987 | $412.1K | 0.0% | New |
| Renaissance Technologies LLC | 15,647 | $339.6K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 8,392 | $182.1K | 0.0% | +2,212 |
| BlackRock, Inc. | 5,981 | $129.8K | 0.0% | +5,946 |
| Morgan Stanley | 5,581 | $121.1K | 0.0% | New |
| Clearstead Advisors, LLC | 3,140 | $68.2K | 0.0% | New |
| Tower Research Capital LLC (TRC) | 1,168 | $25.4K | 0.0% | New |
| Northwestern Mutual Wealth Management Co | 1,004 | $21.8K | 0.0% | +263 |
| UBS Group AG | 825 | $17.9K | 0.0% | −2,649 |
| Barclays PLC | 183 | $4.0K | 0.0% | New |
| Jpmorgan Chase & Co | 89 | $1.8K | 0.0% | +23 |
| Osaic Holdings, Inc. | 67 | $1.5K | 0.0% | +17 |
| Royal Bank Of Canada | 69 | $1.0K | 0.0% | New |
| Hrt Financial LP | 10,015 | $217 | 0.0% | New |
| Evolution Wealth Management Inc. | 4 | $87 | 0.0% | +1 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCorvex, Inc. filings on SEC EDGAR
- 2SEC EDGARCorvex, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARCorvex, Inc. 10-K for fiscal 2025
- 5SEC EDGARCorvex, Inc. 10-K for fiscal 2020
- 6SEC EDGARCorvex, Inc. 10-K for fiscal 2021
- 7SEC EDGARCorvex, Inc. 10-K for fiscal 2022
- 8SEC EDGARCorvex, Inc. 10-K for fiscal 2023
- 9SEC EDGARCorvex, Inc. 10-Q for fiscal 2026
- 10SEC EDGARCorvex, Inc. 10-Q for fiscal 2026
- 11
- 12SEC EDGARSeth Demsey, Chief executive officer
- 13
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- 15
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- 18
- 19SEC EDGARSeth Demsey, Board member
- 20SEC EDGARNicholas M. Donofrio, Board member
- 21SEC EDGARPatrick Fleury, Board member
- 22
- 23SEC EDGARShaheen Wirk, Board member
- 24SEC EDGARNan Kirsten Forte, Board member
- 25SEC EDGAREmily Fairbairn, Board member
- 26SEC EDGARJohn Mastrototaro, Board member
- 27SEC EDGARRuben Caballero, Board member
- 28SEC EDGARBrian Cullinan, Board member
- 29
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