Nscale Limited IPO: revenue, losses and offering terms from its S-1
Nscale Limited filed its S-1 on 18 Sep 2026 to list on NYSE as NSCL. It has not set a price range yet. Revenue was $33.0 million in 2025, up 73% from 2024, with a net loss of $762 million.
Headlines
- Revenue, 2025
- $33M
- Up 73% on the year before
- Net loss, 2025
- $762M
- Revenue, First half of 2026
- $141M
- Up 14 times on a year earlier
- Price range
- Not set yet
Nscale Limited IPO terms
From the newest registration statement. Terms left blank there are not set yet.
- Exchange
- New York Stock Exchange
- Ticker
- NSCL
- Price range
- Not set yet
- Shares offered
- Not set yet
- Expected to raise
- Not set yet
- Registered
- $100M, the amount the filing fee is paid on
- Underwriters
- Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley
- First filed
- 18 Sep 2026
Nscale Limited revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $19M | - | -$78M |
| 2025 | $33M | -$170M | -$762M |
| First half of 2025 | $10M | - | - |
| First half of 2026 | $141M | -$492M | -$1.0B |
Nscale Limited share structure and company facts
- Employees
- 1,000
- Headquarters
- London, United Kingdom
Nscale Limited's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
| Filed | Form |
|---|---|
| 18 Sep 2026 | S-1 |
About the data
- Terms and financials are read from Nscale Limited's newest prospectus (S-1 filed 18 Sep 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.