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Ionic Digital (IOND) earnings and revenue breakdown
Latest: Q2 FY26 · 10-Q filed Sep 1, 2026 · Ionic Digital (IOND) Q2 FY26 earnings results →
Q2 FY26 Revenue up 31% year over year to $48.6M · 73¢ of every $1 of revenue lost · operating margin -16.9%
Ionic Digital made $48.6M in Q2 FY26 (+31% Y/Y): Digital infrastructure leasing $43.8M, Cryptocurrency mining $4.8M. Operating margin -16.9%, net loss $35.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 1, 2026.
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 $48.6M in Q2 FY26, up 31% year over year. Digital infrastructure leasing was the largest line at 90% of revenue. Cryptocurrency mining declined 87%.
Operating costs exceeded revenue by $8.2M, an operating margin of -16.9%. The quarter ended with a net loss of $35.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY26 | 10-Q | Sep 1, 2026 | $48.6M | +31% | -16.9% | −$35.3M | — |
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 Ionic Digital
Ionic Digital is the fast-track provider of High-Performance Computing (HPC) and data center infrastructure, designed to drive stability in the rapidly evolving AI landscape. In an industry where constrained power and extended development timelines cause bottlenecks, Ionic Digital delivers certainty in performance, scalability and speed to market, providing fully ready assets and the rigorous due diligence required for the world’s most intensive AI workloads. Led by a seasoned team with deep experience developing hundreds of megawatts and raising billions in capital, Ionic Digital is the definitive, trusted foundation for the future of AI.
In its own words, from its 8-K, filed Aug 19, 2026.
Ionic Digital against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +31% against the peers' median +18%. Operating margin: -16.9% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IOND Ionic Digital | Q2 FY26 | $48.6M | +31% | -16.9% |
| 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: Ionic Digital 10-Q on SEC EDGAR · CIK 2007691 · Finance Services
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History
Every quarter: Q2 FY26 results