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Axe Compute (AGPU) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 31, 2026

Axe Compute (AGPU) reported revenue of $9K for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +140% from the quarter before.

Revenue$9K
Year over year-1%
Quarter over quarter+140%
Operating margin—
Net earnings−$151M

Axe Compute, Q4 2025: revenue $9K (-1% year over year), net loss $151M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$9K+140%-1%
Operating profit−$173M——
Net earnings−$151M——
Operating cash flow−$3.9M——

What changed

Revenue was $9K in Q4 2025, down 1% year over year and up 140% from the previous quarter.

Operating costs exceeded revenue by $172.7M, an operating margin of -1990880.1%. Total costs grew 8102% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+29485%). The quarter ended with a net loss of $150.9M, wider than the previous quarter's $77.7M loss.

Operating cash flow was −$3.9M. Non-cash charges added back $31K of depreciation and amortization and $661K of share-based compensation. Working capital and other items added $146.3M.

Questions

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

Axe Compute (AGPU) reported revenue of $9K for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +140% from the quarter before.

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Source: Axe Compute 10-K on SEC EDGAR.