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Big Digital Energy (BGDE) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 6, 2026
Q3 2026 Revenue down 34% year over year to $8.7M · 75¢ of every $1 of revenue lost · operating margin -64.0%
Big Digital Energy made $8.7M in Q3 2026 (-34% Y/Y). Operating margin -64.0%, net loss $6.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 6, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.7M in Q3 2026, down 34% year over year and up 41% from the previous quarter.
Gross margin was 51.6%, down 13.4 points from Q3 2025. Operating costs exceeded revenue by $5.5M, an operating margin of -64.0%. Operating expenses grew 43% against a revenue fall of 34%. The fastest-growing cost line was Other operating costs (+88%). The quarter ended with a net loss of $6.5M, narrower than the previous quarter's $7.4M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $2.9M. Capital expenditures of $612K exceeded it, leaving free cash flow of −$3.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 6, 2026 | $8.7M | -34% | -64.0% | −$6.5M | −$2.6M |
| Q2 2026 | 10-Q | Aug 14, 2026 | $6.2M | -36% | -102.4% | −$7.4M | −$3.3M |
| Q1 2026 | 10-Q | May 14, 2026 | $4.8M | -65% | -169.1% | $610K | −$17.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $3.2M | -78% | -460.3% | −$15.7M | −$3.5M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $13.2M | +7% | 12.0% | $328K | −$845K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $9.5M | -27% | -68.9% | −$8.0M | −$2.1M |
| Q1 2025 | 10-Q | May 15, 2025 | $13.8M | -26% | 4.2% | −$311K | −$510K |
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 Big Digital Energy
Mawson Infrastructure Group Inc. (“Mawson,” the “Company,” “we,” “us,” and “our”) is a technology company focused on digital infrastructure platforms, headquartered in the United States. The Company designs, builds and operates next-generation digital infrastructure platforms for enterprise customers and for its own purposes. The Company provides services spanning artificial intelligence (“AI”), high-performance computing (“HPC”), digital assets including Bitcoin mining, and other intensive compute applications. The Company delivers both self-mining operations and colocation services to enterprise customers with a vertically integrated infrastructure model built for scalability and efficiency.
In its own words, from its 10-K, filed Mar 31, 2026.
Big Digital Energy against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -34% against the peers' median +17%. Operating margin: -64.0% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BGDE Big Digital Energy | Q3 2026 | $8.7M | -34% | -64.0% |
| 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: Big Digital Energy 8-K on SEC EDGAR · CIK 1218683 · Finance Services
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results