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Avax One Technology (AVX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Avax One Technology (AVX) Q2 2026 earnings results →
Q2 2026 Revenue up 523% year over year to $2.8M
Avax One Technology made $2.8M in Q2 2026 (+523% Y/Y): Avalanche Protocol $2.1M, Bitcoin Mining $678K. Operating margin n/m, net loss $35.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $2.8M in Q2 2026, up 523% year over year and up 12% from the previous quarter. Avalanche Protocol was the largest line at 76% of revenue. Bitcoin Mining added $226K year over year (up 50%), 10% of the total change.
Operating costs exceeded revenue by $33.4M, an operating margin of -1185.0%. Total costs grew 1874% against revenue growth of 523%. The fastest-growing cost line was Other operating costs (+5092%). The quarter ended with a net loss of $35.1M, narrower than the previous quarter's $46.4M loss.
Operating cash flow was −$3.7M. Non-cash charges added back $284K of depreciation and amortization and $303K of share-based compensation. Working capital and other items added $30.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $2.8M | +523% | n/m | −$35.1M | −$3.7M |
| Q1 2026 | 10-Q | May 15, 2026 | $2.5M | +820% | n/m | −$46.4M | −$1.3M |
| Q4 2025 | 10-K | Mar 31, 2026 | $1.1M | — | n/m | −$16.6M | −$9.0M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $526K | — | -496.6% | −$8.4M | −$2.4M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $452K | +994% | -328.4% | −$8.1M | −$884K |
| Q1 2025 | 10-Q | May 15, 2025 | $344K | — | -600.0% | −$145K | −$2.2M |
| Q4 2024 | 10-K | Apr 7, 2025 | $27K | — | n/m | −$2.9M | −$1.8M |
Charts
Interactive views
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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 Avax One Technology
The Company was incorporated under the name AgriForce Growing Systems, Ltd. as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8 th Avenue, Vancouver, BC, Canada, V5Z 1C6. Effective as of November 13, 2025, in conjunction with the Company’s focus on digital assets, primarily through a digital asset strategy involving the accumulation and appreciation of the Avalanche token, the Company changed its name to AVAX One Technology Ltd. (the “Company”, and all references herein to AVAX One, AVX and AgriFORCE refer to the Company).
In its own words, from its 10-K, filed Mar 31, 2026.
Avax One Technology against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +523% against the peers' median +18%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AVX Avax One Technology | Q2 2026 | $2.8M | +523% | n/m |
| 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: Avax One Technology 10-Q on SEC EDGAR · CIK 1826397 · 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