Filing Flows › Avax One Technology (AVX) › Q1 2026
Avax One Technology (AVX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Avax One Technology (AVX) reported revenue of $2.5M for the first quarter 2026 (Q1 2026), +820% from a year earlier and +130% from the quarter before.
Avax One Technology, Q1 2026: revenue $2.5M (+820% year over year), net loss $46.4M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | +130% | +820% |
| Operating profit | −$44.6M | — | — |
| Net earnings | −$46.4M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $2.5M in Q1 2026, up 820% year over year and up 130% from the previous quarter. Avalanche Protocol was the largest line at 77% of revenue. Bitcoin Mining added $311K year over year (up 114%), 14% of the total change.
Operating costs exceeded revenue by $44.6M, an operating margin of -1774.8%. The fastest-growing cost line was Other operating costs (+14697%). The quarter ended with a net loss of $46.4M, wider than the previous quarter's $16.6M loss.
Operating cash flow was −$1.3M. Non-cash charges added back $253K of depreciation and amortization and $253K of share-based compensation. Working capital and other items added $44.5M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Avax One Technology's revenue in the first quarter 2026?
Avax One Technology (AVX) reported revenue of $2.5M for the first quarter 2026 (Q1 2026), +820% from a year earlier and +130% from the quarter before.