GoKawiilNscale IPO filing shows Q3 net loss widened to $1.69 billion
Nvidia-backed cloud computing firm Nscale updated its U.S. IPO prospectus, disclosing a third-quarter net loss of $1.69 billion on revenue of $307.5 million, up 1,344% year over year. That loss grew from $1.02 billion in the second quarter, when revenue was $140.6 million. Nscale did not disclose how much it plans to raise in its planned NYSE listing.
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The widening losses come as Nscale faces customer setbacks, including Microsoft's reported decision not to renew a Texas contract and its withdrawal from a planned U.K. data center tied to power access issues, even though Nscale still expects Microsoft to be a significant future customer. Broader turmoil in the neocloud sector, including volatile moves in CoreWeave and Nebius shares and Nvidia CEO Jensen Huang's resignation, could complicate investor appetite for Nscale's offering just as it seeks public capital.
- Nscale's Q3 net loss reached $1.69 billion despite revenue growth of 1,344% year over year.
- Microsoft reportedly pulled back from Nscale deals in both the U.K. and Texas, though Nscale still expects it as a future customer.
- The IPO comes amid broader neocloud sector volatility, including Jensen Huang's resignation and swings in rival stocks.
Source: cnbc.com — Jordan Novet, 2026-11-12
Published there as: “Nscale updates IPO prospectus that shows widening loss”
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