Axe Compute Inc. AGPU

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

In late 2025, we expanded our business strategy to include a compute business under the Axe Compute brand, and renamed the Company Axe Compute Inc., effective December 11, 2025. Through a distributed network model, Axe Compute seeks to provide customers with access to graphics processing unit ("GPU") compute capacity for artificial intelligence and other high-performance computing workloads, sourced primarily through infrastructure made available by the Aethir network. In connection with this strategic expansion, we adopted a digital asset treasury strategy focused on the Aethir token ("ATH"), the native utility token of the Aethir network, to support our participation in the Aethir ecosystem ("Treasury Strategy"). Collectively, we refer to this new operating business as our Compute Services and Treasury Management segment, which is the priority of the Company and Management's focus.

Last close 7.77 2026-10-23
Market cap $90.1M 2026-06-30 share count
52-week range 1.03 - 13.49

Valuation FY2025 figures against the last close

P/S718.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $125.3K$84.8K$492.6K$1.5M$1.4M$1.3M$1.4M$1.4M$654.8K$456.5K
Cost of revenue $72.6K$78.3K$195.1K$505.1K$487.0K$447.2K$531.8K$415.8K$148.0K$181.6K
Gross profit $52.7K$6.5K$297.5K$1.0M$933.7K$805.1K$879.8K$995.9K$506.8K$274.9K
R&D $2.1M$2.2M$98.1K$320.3K$315.9K$372.7K$423.0K$526.3K$289.0K$406.0K
SG&A $25.9M$7.2M$7.9M$11.1M$10.9M$10.4M$9.8M$4.6M$4.1M$5.2M
Total operating expenses $28.6M$10.4M$11.4M$27.0M———$7.9M$6.1M—
Operating income -$180.9M-$10.3M-$11.1M-$26.0M-$20.4M-$25.4M-$22.6M-$7.9M——
Interest expense —————————$3
Pre-tax income -$233.1M-$12.7M-$14.0M-$25.7M-$20.3M-$25.9M-$19.4M———
Income tax $0$0$0$0$661.7K$0$0—$0$0
Net income -$233.1M-$12.7M-$14.0M-$25.7M-$19.7M-$25.9M-$19.4M-$10.1M——
EPS, basic -13.37-34.83-3.48-6.98-0.36—————
EPS, diluted ————0.362.216.86-7.87-0.94-2.31
Shares, diluted (wtd. avg.) 17.4M363,5834.0M3.7M54.9M12.0M2.9M1.3M6.4M2.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.8M$611.8K$8.4M$22.1M$28.2M$678.3K$150.8K$162.2K$766.2K$1.8M
Receivables $32.1K$34.2K$277.6K$331.2K$354.2K$256.9K$297.1K$232.6K$137.5K$38.9K
Inventory —$385.7K$480.8K$430.5K$387.7K$289.5K$190.2K$241.1K$265.0K$272.2K
Total current assets $42.8M$2.2M$10.1M$23.4M$29.5M$1.5M$798.3K$1.5M$2.4M$2.6M
Property, plant and equipment $223.1K$347.6K$491.2K$1.8M$2.5M$3.8M$1.5M$180.5K$87.7K$101.5K
Goodwill ———$0$6.9M$2.8M$15.7M———
Other intangibles —$210.1K$241.3K$253.9K$4.0M$3.4M$3.6M$964.5K$95.4K$97.9K
Total assets $52.9M$5.0M$14.4M$25.7M$43.8M$13.1M$22.4M$3.7M$3.6M$2.8M
Accounts payable $1.8M$1.0M$1.3M$943.5K$1.0M$1.4M$3.2M$445.7K$140.5K$220.1K
Short-term debt ——————$6.2M$1.6M——
Total current liabilities $4.3M$3.6M$4.0M$3.9M$3.2M$9.3M$10.9M$3.7M$932.3K$1.6M
Long-term debt ————$0—————
Total liabilities $5.2M$5.2M$6.1M$4.0M$3.5M$10.4M$11.1M$3.7M$932.3K$1.9M
Retained earnings -$413.5M-$180.4M-$167.8M-$153.8M-$128.0M-$108.4M-$82.5M-$63.1M-$53.0M-$47.0M
Total equity $47.7M$2.0M$8.3M$21.8M$40.3M$2.6M$11.2M$53.5K$2.7M$923.7K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$9.9M-$10.1M-$10.8M-$12.4M-$12.2M-$12.3M-$8.7M-$5.3M-$4.5M-$4.4M
Depreciation and amortisation $129.0K$132.3K$215.0K$1.3M$1.3M$1.0M$704.9K$147.6K$71.6K$82.4K
Stock-based compensation $1.0M$906$329$166.3K$715.9K$721.3K$2.3M$1.1M$2.3M$165.3K
Capital expenditure $0$9.5K$9.4K$419.9K$910.4K$298.4K$5.9K$177.7K$45.1K$32.8K
Investing cash flow -$32.6M-$9.5K-$22.9K-$475.7K-$10.6M-$167.5K-$599.1K-$1.1M-$1.7M-$422.9K
Financing cash flow $52.0M$3.9M$148.9K$6.7M$50.3M$13.0M$9.3M$5.8M$5.1M$1.7M
Buybacks —$0$1.5K$27.7K$11.5K$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-002094.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -300M -200M -100M 0 100M Revenue, FY2016: 456.5K Gross profit, FY2016: 274.9K Revenue, FY2017: 654.8K Gross profit, FY2017: 506.8K Revenue, FY2018: 1.4M Gross profit, FY2018: 995.9K Net income, FY2018: -10.1M Revenue, FY2019: 1.4M Gross profit, FY2019: 879.8K Net income, FY2019: -19.4M Revenue, FY2020: 1.3M Gross profit, FY2020: 805.1K Net income, FY2020: -25.9M Revenue, FY2021: 1.4M Gross profit, FY2021: 933.7K Net income, FY2021: -19.7M Revenue, FY2022: 1.5M Gross profit, FY2022: 1M Net income, FY2022: -25.7M Revenue, FY2023: 492.6K Gross profit, FY2023: 297.5K Net income, FY2023: -14M Revenue, FY2024: 84.8K Gross profit, FY2024: 6.5K Net income, FY2024: -12.7M Revenue, FY2025: 125.3K Gross profit, FY2025: 52.7K Net income, FY2025: -233.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $456.5K $654.8K $1.4M $1.4M $1.3M $1.4M $1.5M $492.6K $84.8K $125.3K
Gross profit $274.9K $506.8K $995.9K $879.8K $805.1K $933.7K $1.0M $297.5K $6.5K $52.7K
Net income — — -$10.1M -$19.4M -$25.9M -$19.7M -$25.7M -$14.0M -$12.7M -$233.1M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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