# Nscale files updated IPO prospectus showing larger loss

> The Nvidia‑backed neocloud firm reports a Q3 loss of $1.69 billion on $307.5 million revenue, widening from the prior quarter.

Oossa · 2026-11-12 · https://oossa.com/en/nscale-files-updated-ipo-prospectus-showing-larger-loss

Nscale, the Nvidia‑backed neocloud provider, filed an updated prospectus for its planned NYSE IPO on Thursday. The filing shows a third‑quarter net loss of $1.69 billion on $307.5 million of revenue, up 1,344% year over year. The loss is larger than the $1.02 billion loss reported for the second quarter, when revenue was $140.6 million. The company did not disclose how much it hopes to raise in the offering. Microsoft has recently pulled back from using Nscale data centers in both England and Texas.

## The facts

- Q3 net loss $1.69 billion, revenue $307.5 million (up 1,344% YoY)
- Q2 net loss $1.02 billion, revenue $140.6 million (up 1,252% YoY)

## Why it matters

Potential investors see how quickly Nscale’s losses are growing, which could affect the IPO pricing and the availability of neocloud capacity for customers like Microsoft.

## Sources & references

1. [Nscale updates IPO prospectus that shows widening loss](https://www.cnbc.com/2026/11/12/nscale-updates-ipo-prospectus-that-shows-widening-loss.html) – CNBC, 2026-11-12

Last updated: 2026-11-12