--- title: "Axe Compute | 8-K: FY2026 Q1 Revenue: USD 35.31 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286845385.md" datetime: "2026-05-19T02:45:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286845385.md) - [en](https://longbridge.com/en/news/286845385.md) - [zh-HK](https://longbridge.com/zh-HK/news/286845385.md) generator: "portal-rs" --- # Axe Compute | 8-K: FY2026 Q1 Revenue: USD 35.31 K Revenue: As of FY2026 Q1, the actual value is USD 35.31 K. EPS: As of FY2026 Q1, the actual value is USD -0.36. EBIT: As of FY2026 Q1, the actual value is USD -7.729 M. ### Financial Highlights for Q1 2026 #### Total Revenue Total revenue for Q1 2026 was $35 thousand, a decrease from $110 thousand in Q1 2025. This primarily reflects sales from the legacy Drug Discovery Services segment. The Compute Services segment contributed $7 thousand in Q1 2026, reflecting initial contract deployments that commenced in late March 2026. #### Operational Costs and Expenses Total operating costs and expenses were $3.5 million in Q1 2026, an increase from $2.4 million in Q1 2025. General & administrative expenses were $2.9 million, up approximately $1.1 million from Q1 2025, mainly due to a one-time severance expense for the former CEO and other personnel-related costs. #### Net Loss and Operating Loss Total operating loss for Q1 2026 was -$7,728,681, compared to -$2,287,047 in Q1 2025. Net loss for Q1 2026 was -$7.7 million, compared to -$2,442,873 in Q1 2025. The net loss included -$4.3 million in non-cash mark-to-market losses on Axe Compute Inc.’s ATH digital asset holdings. Loss per share from continuing operations was -$0.36 for Q1 2026, based on a weighted average share count of 21,184,617 shares, compared to -$4.79 for Q1 2025, based on 476,835 shares. #### Cash Flow Cash used in operations was -$3.7 million in Q1 2026, compared to -$1.0 million in Q1 2025, primarily due to increased cash used in working capital and increased cash operating expenses. #### Balance Sheet Highlights (as of March 31, 2026) - **Cash and Cash Equivalents:** $6,925,244, decreased from $10,790,850 as of December 31, 2025. - **Digital Assets:** $20,233,245 at fair value, decreased from $24,439,598 as of December 31, 2025, primarily due to a mark-to-market adjustment from the decline in the Aethir token market price. - **Digital Asset Receivable (Current):** $9,436,590, increased from $7,226,475 as of December 31, 2025. - **Digital Asset Receivable (Non-current):** $5,929,022, decreased from $8,258,681 as of December 31, 2025. - **Total Current Assets:** $37,592,359, decreased from $42,769,947 as of December 31, 2025. - **Total Assets:** $45,222,576, decreased from $52,888,346 as of December 31, 2025. - **Total Current Liabilities:** $4,227,281, decreased from $4,266,896 as of December 31, 2025. - **Total Liabilities:** $4,951,816, decreased from $5,171,391 as of December 31, 2025. - **Total Stockholders’ Equity:** $40,270,760, decreased from $47,716,955 as of December 31, 2025. - **Accounts Receivable:** $659 thousand, increased from $32 thousand as of December 31, 2025. - **Contract Liabilities:** Attributable to Compute Services grew to approximately $645 thousand, reflecting customer prepayments. #### Liquidity Axe Compute Inc. held a combined short-term liquidity pool of approximately $36.5 million as of March 31, 2026, comprising $6.9 million in cash and cash equivalents, $20.2 million in ATH digital asset holdings, and $9.4 million in current digital assets receivable. #### Outlook Axe Compute Inc.’s operational priorities for the remainder of 2026 include deploying a $260 million dedicated GPU cluster in Q3 2026 to commence approximately $21 million per quarter in recognized revenue, expanding the sales team, and pursuing ATH staking activities. The company also aims to complete the strategic alternatives process for its legacy Drug Discovery Services business and advance the Strategic Compute Reserve through open market ATH purchases. Management believes the combined liquidity position of approximately $36.5 million is sufficient to fund operations through fiscal year 2026 and beyond. ### Related Stocks - [AGPU.US](https://longbridge.com/en/quote/AGPU.US.md) ## Related News & Research - [Alexandria Real Estate Equities declares Q3 2026 dividend of R$ 0.63 per unit](https://longbridge.com/en/news/297928934.md) - [Gaming and Leisure Properties declares Q3 2026 dividend of $0.82 per share](https://longbridge.com/en/news/297652371.md) - [Marisa updates financial events calendar for 2026](https://longbridge.com/en/news/297913424.md) - [Quanta Services announces dividend of R$ 0.03 per unit for Q3 2026](https://longbridge.com/en/news/297931955.md) - [PulteGroup declares Q3 2026 dividend of R$ 0.9 per unit](https://longbridge.com/en/news/297931957.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**