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Axe Compute (AGPU) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Axe Compute (AGPU) Q2 2026 earnings results →
Q2 2026 Revenue up 119773% year over year to $3.2M · 535¢ of every $1 of revenue lost · operating margin -539.0%
Axe Compute made $3.2M in Q2 2026 (1,199× Y/Y). Operating margin -539.0%, net loss $17.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $3.2M in Q2 2026, up 119773% year over year and up 9005% from the previous quarter.
Operating costs exceeded revenue by $17.3M, an operating margin of -539.0%. Total costs grew 672% against revenue growth of 119773%. The fastest-growing cost line was Cost of revenue (+16416%). The quarter ended with a net loss of $17.2M, wider than the previous quarter's $7.7M loss.
Operating cash flow was $21.1M. Non-cash charges added back $26K of depreciation and amortization and $572K of share-based compensation. Working capital and other items added $37.7M. Capital expenditures of $17.1M left free cash flow of $4.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $3.2M | 1,199× | -539.0% | −$17.2M | $21.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $35K | -68% | n/m | −$7.7M | −$3.7M |
| Q4 2025 | 10-K | Mar 31, 2026 | $9K | -1% | n/m | −$151M | −$3.9M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $4K | -7% | n/m | −$77.7M | −$1.7M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $3K | -96% | n/m | −$2.1M | −$3.3M |
| Q1 2025 | 10-Q | May 14, 2025 | $110K | 23× | n/m | −$2.4M | −$986K |
| Q4 2024 | 10-K | Mar 31, 2025 | $612K | +91% | -347.2% | −$2.2M | −$2.1M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Axe Compute
References in this annual report on Form 10-K to the “ Company ” , “ we ” , “ us ” , and “ our ” refer to the business of Axe Compute Inc. (NASDAQ: AGPU) and its wholly owned subsidiaries. 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 its own words, from its 10-K, filed Mar 31, 2026.
Axe Compute against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: 1,199× against the peers' median +18%. Operating margin: -539.0% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AGPU Axe Compute | Q2 2026 | $3.2M | 1,199× | -539.0% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Axe Compute 10-Q on SEC EDGAR · CIK 1446159 · Finance Services
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results