Axe Compute Inc. (AGPU) financials
NASDAQ · Technology · Software - Infrastructure · 14 employees · CEO Christopher Miglino
- Price
- $8.00 -8.78%
- Market cap
- $91.1M
- Enterprise value
- $70.8M
- Last report
- Q2 '26 filed 2026-08-14
- Next report
- 2026-11-12
Revenue (TTM)$3.26M+204.8% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-953.6%-76.8 pp vs a year agoOperating income -$31.1M
Net income (TTM)-$253M-2,492.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$5.15M+50.0% vs a year agoCapex $17.1M
Diluted EPS (TTM)-$145.45-9,931.0% vs a year agoSum of the last 4 quarters
Net cash$20.2M+1,361.1% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $91.1M EV $70.8M
- Revenue
- $3.26M Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- -7,769.8% Net income / revenue, TTM
- P/E
- -0.1×
- P/S
- 27.9× Price / sales, TTM
- EV / EBITDA
- -0.3× TTM
- Free cash flow
- -$5.15M Trailing 12 months
- Net income
- -$253M Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2026-11-12
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth accelerating: 119,772.9% year on yearQ2 '26 revenue $3.21M, against an average of -90.4% over the four quarters before.
- Operating margin -953.6% (TTM), -76.8 pp on a year agoOperating income grew -231.5% while revenue grew 204.8%.
- Capex 524.8% of revenue (a year ago 0.0%)$17.1M invested in the last 4 quarters (+856,055,050.0% on a year earlier). Free cash flow -$5.15M.
- Diluted share count up 116.1% in a year19.7M diluted shares in Q2 '26, 9.11M a year earlier.
- Net cash $20.2MCash + short-term investments $21.9M, debt incl. leases $1.66M; a year ago net debt $1.61M.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $3.21M | $2.68K | +119,772.9% |
| Gross margin | 6.3% | -579.4% | +585.7 pp |
| Operating income | -$4.2M | -$2.66M | -58.0% |
| Operating margin | -130.7% | -99,174.8% | +99,044.1 pp |
| Net income | -$17.2M | -$2.07M | -731.0% |
| Diluted EPS | -$0.87 | -$0.23 | -278.3% |
| Operating cash flow | $21.1M | -$3.32M | +735.3% |
| Capex | $17.1M | -$2 | +855,005,400.0% |
| Free cash flow | $4.02M | -$3.32M | +220.8% |
| R&D | $492K | $500K | -1.5% |
| Stock-based compensation | $572K | $0 | – |
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '24 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Pittsburgh | $8.79K | -82.8% | 100.0% | $84.8K | -82.8% |
Revenue by region
share of total| Segment | Q4 '24 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Domestic | $174K | -32.9% | 100.0% | $1.25M | – |
Segment profits
Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).
Segments in Q2 '26
| Segment | Revenue | y/y | Operating income | y/y | Margin | Margin a year ago | TTM operating income |
|---|---|---|---|---|---|---|---|
| Compute Services And Treasury Management Segment | – | – | -$14M | – | – | – | – |
| Drug Discovery Services Segment | – | – | -$923K | – | – | – | – |
| Corporate (unallocated) | – | – | -$2.39M | – | – | – | – |
Operating income by segment
quarterlySegment operating margin
quarterlyMargins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $12M
- Capex
- -$17.1M
- Buybacks
- $0
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- $150K
- Stock-based compensation
- $683K
- Free cash flow
- -$5.15M
- Returned to shareholders / FCF
- 0.0%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -0.1× | – | – |
| EV / EBITDA | -0.3× | – | – |
| EV / Sales | 21.7× | 364.5× | 42.2× – 921.9× |
| Price / FCF | -17.7× | – | – |
| Price / Book | 4.6× | 15.4× 4 of 5 years | 2.6× – 24.0× |
| FCF yield | -5.6% | -12.8% | -34.1% – -1.7% |
| Return on invested capital | -49.5% | -178.8% | -560.5% – -48.0% |
| Return on equity | -2,273.3% | 1,039.5% | -488.5% – 6,022.0% |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 182 figures Axe Compute Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $94.7M | – | – | – | – | – | |
| $11.1M | – | – | – | – | – | |
| 2,655,414,499.00 | – | – | – | – | – | |
| Accounts Payable, Current | $2.49M | $1.35M | +85.2% | $1.84M | $1.04M | +76.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.32M | $23K | +14,368.0% | $32.1K | $34.2K | -6.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $02026-03-31 | $0 | – | $0 | $0 | – |
| Accrued Liabilities, Current | $1.43M | $1.14M | +25.1% | $1.52M | $1.24M | +23.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.86M | $1.74M | +6.5% | $1.81M | $1.82M | -0.9% |
| Additional Paid in Capital | $472M | $183M | +157.9% | $461M | $180M | +155.9% |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $15.4M | – | – |
| Amortization of Intangible Assets | $1.14K2025-09-30 | $1.25K | -8.2% | $26.5K2024-12-31 | $26.5K | +0.1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $572K | – | – | $1.03M | $1.14K | +90,233.8% |
| Assets | $100M | $3.44M | +2,821.8% | $52.9M | $4.97M | +963.6% |
| Assets, Current | $56.1M | $1.22M | +4,482.8% | $42.8M | $2.23M | +1,821.5% |
| Cash and Cash Equivalents, at Carrying Value | $21.9M | $506K | +4,228.5% | $10.8M | $612K | +1,663.7% |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | $0 | $0 | – | $0 | $0 | – |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | $0 | $0 | – | $625K | $32K | +1,853.1% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | $0 | -$29.1K | +100.0% | -$82.5K | -$1.85M | +95.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $21.9M | $506K | +4,228.5% | $10.8M | $612K | +1,663.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $0 | $0 | – | $0 | $123K | -100.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $15M | -$2.6M | +676.9% | $10.1M | -$7.99M | +225.8% |
| Class of Warrant or Right, Outstanding | 1.62M2025-12-31 | 2.75M | -41.0% | 1.62M | 2.75M | -41.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 200M | 200M | 0.0% | 200M | 200M | 0.0% |
| Common Stock, Shares, Issued | 11.4M | – | – | 4.08M | 444K | +818.7% |
| Common Stock, Shares, Outstanding | 11.4M | 9.6M | +18.6% | 4.08M | 444K | +818.7% |
| Common Stock, Value, Issued | $114K | $96K | +18.6% | $40.8K | $4.45K | +818.6% |
| Contract with Customer, Liability | $60.8M | $149K | +40,654.2% | $144K | $224K | -35.7% |
| Contract with Customer, Liability, Current | $33.6M | $149K | +22,469.7% | $144K | $224K | -35.7% |
| Contract with Customer, Liability, Noncurrent | $27.1M | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | -$3.21M | -$148K | -2,077.9% | $80K | $74.8K | +7.0% |
| Cost of Goods and Services Sold | $7.42M | $2.66M | +178.6% | $78.3K2024-12-31 | $609K | -87.1% |
| Cost of Revenue | $3.01M | $18.2K | +16,437.7% | $72.6K | $78.3K | -7.2% |
| Costs and Expenses | $7.42M | $2.66M | +178.6% | $28.6M | $10.4M | +174.8% |
| CryptoAssetFairValueCurrent | $11.3M | – | – | $24.4M | $0 | – |
| CryptoAssetFairValueNoncurrent | $2.75M | – | – | $8.26M | $0 | – |
| CryptoAssetRealizedAndUnrealizedGainLossOperating | -$13.1M | $0 | – | -$152M | $0 | – |
| Deferred Tax Assets, Charitable Contribution Carryforwards | $1.72K2025-12-31 | $1.74K | -1.4% | $1.72K | $1.74K | -1.4% |
| Deferred Tax Assets, Deferred Income | $35.8K2025-12-31 | $80K | -55.2% | $35.8K | $80K | -55.2% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $591K2025-12-31 | $697K | -15.2% | $591K | $697K | -15.2% |
| Deferred Tax Assets, Gross | $69M2025-12-31 | $27.6M | +149.9% | $69M | $27.6M | +149.9% |
| Deferred Tax Assets, Net | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $99.7K2025-12-31 | $42.9K | +132.4% | $99.7K | $42.9K | +132.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $571K2025-12-31 | $543K | +5.2% | $571K | $543K | +5.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $172K2025-12-31 | $192K | -10.2% | $172K | $192K | -10.2% |
| Deferred Tax Assets, Valuation Allowance | $68.6M2025-12-31 | $27.1M | +153.4% | $68.6M | $27.1M | +153.4% |
| Deferred Tax Liabilities, Gross | $415K2025-12-31 | $545K | -23.8% | $415K | $545K | -23.8% |
| Deferred Tax Liabilities, Leasing Arrangements | $370K2025-12-31 | $513K | -27.9% | $370K | $513K | -27.9% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $45.5K2025-12-31 | $31.9K | +42.9% | $45.5K | $31.9K | +42.9% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $0 | $0 | – |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Match | – | – | – | 100.0% | 100.0% | 0.0% |
| Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | – | – | – | 4.0% | 4.0% | 0.0% |
| Depreciation | $27.3K2026-03-31 | $31.5K | -13.3% | $124K | $127K | -2.3% |
| Depreciation, Depletion and Amortization | $26.2K | $32.6K | -19.6% | $129K | $132K | -2.5% |
| Depreciation, Depletion and Amortization, Nonproduction | $26.2K | – | – | $129K | $132K | -2.5% |
| Derivative Liability, Current | $74.4M2025-09-30 | $1 | +7,436,599,900.0% | $02024-12-31 | $1.38K | -100.0% |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share | $0.00 | -$0.01 | +100.0% | -$0.01 | -$6.71 | +99.9% |
| Disposal Group, Including Discontinued Operation, Assets, Current | $02025-12-31 | $1.26M | -100.0% | $0 | $1.26M | -100.0% |
| Disposal Group, Including Discontinued Operation, Assets, Noncurrent | $02025-12-31 | $202K | -100.0% | $0 | $202K | -100.0% |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $02025-12-31 | $533K | -100.0% | $0 | $533K | -100.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02