Vertical Data Inc.

Company name & formation

• Vertical Data Inc., incorporated in Nevada on May 3, 2024.

Business overview

• Early development–stage systems and solutions technology provider focused on high‑performance compute for enterprise and data center clients.
• Distributes IT hardware and systems including GPU servers, storage solutions, system components, software, networking and communications equipment, and related products and services.
• Provides coordination and provision of data center services and hosting.
• Conducts research & development to develop its own hardware devices and software to sell into its channels.
• Operates as a value‑added reseller purchasing from OEMs and other suppliers and selling to enterprise and data center customers; does not have exclusive distribution agreements with suppliers.

Products / target market

• Primary focus on enterprise AI compute: servers for training large language models (LLMs) and inference systems (bare metal servers and pre‑configured systems with preinstalled software), plus related storage, semiconductors, memory, peripherals, network subsystems and professional services.

Customers & concentration

• Revenue in the reported periods came from two customers:
  • Fiscal year ended September 30, 2025: two customers accounted for 94% and 6% of revenue (i.e., effectively all revenue came from two customers).
  • Period from May 3, 2024 (inception) through September 30, 2024: two customers accounted for 77% and 23% of revenue.
• Target customers include ISPs, data centers, system integrators and various enterprise verticals (financial services, government, retail, energy, manufacturing, etc.).

Employees & contractors

• As of the filing date: 1 full‑time employee and 13 consultants.

Key operational facts

• Headquarters (primary business presence): Las Vegas, Nevada (office rented month‑to‑month).
• Uses sales representatives contracted as consultants and commission‑based sales agents; sales supported by consultants and business development specialists.
• Manages procurement and just‑in‑time delivery to minimize inventory; maintains EDI connections with many OEM suppliers.

Selected financial highlights (from audited financial statements)

• Fiscal year ended September 30, 2025:
  • Revenue: $3,666,000
  • Cost of revenue: $3,598,000
  • Gross profit: $68,000
  • Net loss: $(3,820,078)
  • Cash and cash equivalents (Sep 30, 2025): $372,718
  • Total assets (Sep 30, 2025): $519,169
  • Total liabilities (Sep 30, 2025): $252,058
  • Total equity (Sep 30, 2025): $267,111
  • Net cash used in operating activities (FY 2025): $(1,452,945)
  • Stock‑based compensation expense (FY 2025): $1,932,864
  • Cash provided by financing activities (FY 2025): $1,398,400 (proceeds from sales of common stock)
• Period May 3, 2024 – September 30, 2024:
  • Revenue: $6,866,558
  • Cost of revenue: $6,542,000
  • Gross profit: $324,558
  • Net loss: $(350,599)
  • Cash and cash equivalents (Sep 30, 2024): $427,722

Capitalization & shareholders

• As disclosed, 97 shareholders of record as of December 28, 2025.
• Share data:
  • Balance sheet (Sep 30, 2025) showed 41,193,052 shares issued and outstanding.
  • Subsequent share cancellation: Effective October 8, 2025, certain founders and other shareholders surrendered an aggregate 31,752,690 shares to the Company for no consideration; as of December 26, 2025 the Company reported 9,440,362 shares issued and outstanding.
• Aggregate market value of outstanding common equity held by non‑affiliates (date reported): approximately $2,462,681.

Other material items disclosed

• Management concluded there is substantial doubt about the Company’s ability to continue as a going concern within one year of issuance of the financial statements (net loss in FY 2025 and limited cash on hand).
• The Company adopted a 2024 Equity Incentive Plan and recorded material stock‑based compensation in FY 2025.
• As of Sep 30, 2025 the Company had no long‑term purchase commitments with suppliers and had not used debt financing.