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Axe Compute (AGPU) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 14, 2025

Axe Compute (AGPU) reported revenue of $4K for the third quarter 2025 (Q3 2025), -7% from a year earlier and +35% from the quarter before.

Revenue$4K
Year over year-7%
Quarter over quarter+35%
Operating margin—
Net earnings−$77.7M

Axe Compute, Q3 2025: revenue $4K (-7% year over year), net loss $77.7M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$4K+35%-7%
Operating profit−$3.3M——
Net earnings−$77.7M——
Operating cash flow−$1.7M——

What changed

Revenue was $4K in Q3 2025, down 7% year over year and up 35% from the previous quarter.

Operating costs exceeded revenue by $3.3M, an operating margin of -90654.1%. Total costs grew 52% against a revenue fall of 7%. The fastest-growing cost line was Sales & marketing (+84%). The quarter ended with a net loss of $77.7M, wider than the previous quarter's $2.1M loss. Net interest and other expense of $74.4M was the main reason.

Operating cash flow was −$1.7M. Non-cash charges added back $33K of depreciation and amortization and $371K of share-based compensation. Working capital and other items added $75.6M.

Questions

What was Axe Compute's revenue in the third quarter 2025?

Axe Compute (AGPU) reported revenue of $4K for the third quarter 2025 (Q3 2025), -7% from a year earlier and +35% from the quarter before.

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Source: Axe Compute 10-Q on SEC EDGAR.