Cloudastructure Inc. (CSAI) reported a 270% year-over-year increase in revenue for the second quarter of 2026, driven by a 164% rise in subscription revenue, according to a presentation at the Micro-Cap Virtual Conference on August 19, 2026. Subscription services accounted for 62% of total quarterly revenue, with the annualized subscription run rate reaching $3.1 million, up from roughly $2 million at the start of the year.
The company ended the quarter with $3.8 million in cash and reported a monthly cash burn of approximately $500,000, though management noted variability in the figure. Cloudastructure’s current ratio stood at 4.96, reflecting liquidity strength relative to short-term obligations. The firm raised $35 million through Regulation A offerings between 2020 and 2022 prior to its direct listing.
Pricing for Cloudastructure’s services ranges from $35 per camera per month for base surveillance and analytics (including 30-day storage) to $79 per camera per month for remote guarding services. Additional fees apply for extended storage periods beyond 30 days. Hardware sales and installation services include markups, with installation margins lower than hardware margins.
The company’s AI-driven platform evaluates 100% of captured video footage, combining artificial intelligence with human oversight to achieve a claimed 98% deterrence rate against threatening activity. Cloudastructure reported a 99% customer retention rate and noted that 77% of cameras deployed in 2026 were replacements of competitors’ systems, up from 57% in 2025. The firm works with eight of the top 10 U.S. property management companies, including the two largest, and operates in roughly half of U.S. states.
Cloudastructure’s expansion spans multiple verticals, including multifamily housing, critical infrastructure, construction sites, trucking and logistics, and commercial real estate. In retail, the company signed an agreement with a Southern California open-air mall operator covering six properties, with plans to expand across the portfolio. Cloudastructure also serves remote solar farms and secure logistics operators such as Riggy’s, focusing on perimeter security and theft prevention.
Executive leadership includes James McCormick as CEO and board member, Greg Smitherman as CFO, Nile Coates as Chief Revenue Officer, Ed Burnett as Chief Security and Operations Officer, and Gregory Rayzman as Chief Technology Officer and co-founder. Coates previously led $370 million in annual revenue at competitor ECAM, while Burnett spent three decades at UPS, overseeing U.S. security and global fraud investigations.
