Moore Threads Reports Strong Q1 Revenue Growth, Advances 100,000-GPU Cluster Development

Moore Threads (688795.SH) released its annual report for 2025 and Q1 2026 results on April 26, showcasing rapid business growth. The company achieved revenues of 1.505 billion yuan (approximately $208 million) in 2025, marking a year-on-year increase of 243.37%. Additionally, net losses decreased by 38.16%, reflecting improved operational efficiency. The strong momentum continued into Q1 2026, with revenues reaching 738 million yuan (about $102 million), a year-on-year rise of 155.35%. Net profits turned positive at 29 million yuan (approximately $4 million), indicating the success of the company's market strategies.