Axe Compute Inc Financials

AGPU

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Axe Compute Inc (AGPU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 24 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AGPU FY2025 2026-05-15

Axe Compute's FY2025 still reads less like a scaled operating business and more like a recapitalized, cash-funded development effort.

The most important disconnect is that FY2025 showed a net loss of $233.1M while operating cash outflow was only $9.9M, which usually signals that the reported loss was dominated by non-cash accounting hits rather than by cash expenses running through the bank account. Meanwhile, cash finished at $10.8M and equity at $47.7M, so the balance sheet was rebuilt after FY2024's negative equity even though the operating engine itself did not yet fund that repair.

That rebuild did not come from customer demand: FY2025 revenue was only $125K against free cash burn of $9.9M, meaning the company is presently sustained by capital already raised rather than by sales converting into cash. For a non-expert, this is the signature of a business still in formation, not one where day-to-day operations pay for themselves.

The apparent improvement in gross margin from 7.7% to 42.0% matters less than it looks, because the revenue base is so small that better unit economics cannot absorb the cost structure. In practice, that means changes in overhead and accounting items have a bigger effect on reported results than the markup on each sale.

Financial Health Signals

Financial health score pending refresh

We are recalculating Axe Compute Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-9.46

Axe Compute Inc scores -9.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($102.6M) relative to total liabilities ($5.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Axe Compute Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.04x

For every $1 of reported earnings, Axe Compute Inc generates $0.04 in operating cash flow (-$9.9M OCF vs -$233.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$125K

YoY+47.7%

5Y CAGR-36.9%

10Y CAGR-15.2%

Axe Compute Inc generated $125K in revenue in fiscal year 2025. This represents an increase of 47.7% from the prior year.

EBITDA

-$180.8M

YoY-1677.4%

Axe Compute Inc's EBITDA was -$180.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1677.4% from the prior year.

Net Income

-$233.1M

YoY-1740.6%

Axe Compute Inc reported -$233.1M in net income in fiscal year 2025. This represents a decrease of 1740.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$9.9M

YoY+2.3%

Axe Compute Inc generated -$9.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.3% from the prior year.

Cash & Debt

$10.8M

YoY+1663.7%

5Y CAGR+73.9%

10Y CAGR+8.3%

Axe Compute Inc held $10.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Axe Compute Inc had 4M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

42.0%

YoY+34.3pp

5Y CAGR-22.3pp

10Y CAGR-11.5pp

Axe Compute Inc's gross margin was 42.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 34.3 percentage points from the prior year.

Operating Margin

-144404.5%

YoY-132255.4pp

5Y CAGR-142379.4pp

Axe Compute Inc's operating margin was -144404.5% in fiscal year 2025, reflecting core business profitability. This is down 132255.4 percentage points from the prior year.

Net Margin

-186053.5%

YoY-171121.1pp

5Y CAGR-183986.5pp

10Y CAGR-185321.4pp

Axe Compute Inc's net profit margin was -186053.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 171121.1 percentage points from the prior year.

Return on Equity

-488.5%

5Y CAGR+491.0pp

10Y CAGR-372.0pp

Axe Compute Inc's ROE was -488.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Axe Compute Inc invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

AGPU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$125K+47.7%	$85K-82.8%	$493K-67.3%	$1.5M+6.0%	$1.4M+13.4%	$1.3M
Cost of Revenue	$73K-7.2%	$78K-59.9%	$195K-61.4%	$505K+3.7%	$487K+8.9%	$447K
Gross Profit	$53K+706.8%	$7K-97.8%	$297K-70.3%	$1.0M+7.1%	$934K+16.0%	$805K
R&D Expenses	N/A	$2.2M+2184.5%	$98K-69.4%	$320K+1.4%	$316K-15.3%	$373K
SG&A Expenses	$25.9M+258.3%	$7.2M-8.0%	$7.9M-29.2%	$11.1M+1.6%	$10.9M+5.6%	$10.4M
Operating Income	-$180.9M-1655.8%	-$10.3M+7.6%	-$11.1M+57.2%	-$26.0M-27.4%	-$20.4M+19.4%	-$25.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0+100.0%	-$662K	$0
Net Income	-$233.1M-1740.6%	-$12.7M+9.4%	-$14.0M+45.7%	-$25.7M-30.9%	-$19.7M+24.1%	-$25.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$35K+307.1%	$9K+139.7%	$4K+34.9%	$3K-97.6%	$110K+1154.7%	$9K+125.0%	$4K-94.2%	$67K
Cost of Revenue	$3.5M+247.5%	-$2.4M-28239.2%	$8K-54.1%	$18K-99.2%	$2.4M+7679.3%	$31K+175.7%	$11K-19.3%	$14K
Gross Profit	-$3.4M-44406.4%	$8K+263.5%	-$5K+69.5%	-$16K+99.3%	-$2.3M-10283.9%	-$22K-203.0%	-$7K-113.6%	$53K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.9M-85.2%	$19.6M+650.4%	$2.6M+39.3%	$1.9M+2.6%	$1.8M+18.7%	$1.5M-0.4%	$1.5M-15.3%	$1.8M
Operating Income	-$7.7M+95.5%	-$172.7M-5165.1%	-$3.3M-23.3%	-$2.7M-16.3%	-$2.3M-9.1%	-$2.1M+2.9%	-$2.2M+12.3%	-$2.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$7.7M	N/A	N/A	-$2.1M+15.2%	-$2.4M-12.6%	-$2.2M+29.9%	-$3.1M+2.7%	-$3.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AGPU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$52.9M+963.6%	$5.0M-65.5%	$14.4M-44.0%	$25.7M-41.2%	$43.8M+235.1%	$13.1M
Current Assets	$42.8M+1821.5%	$2.2M-77.9%	$10.1M-56.9%	$23.4M-20.7%	$29.5M+1845.4%	$1.5M
Cash & Equivalents	$10.8M+1663.7%	$612K-92.7%	$8.4M-62.1%	$22.1M-21.7%	$28.2M+4057.6%	$678K
Inventory	N/A	$46K-24.6%	$61K-85.9%	$430K+11.0%	$388K+33.9%	$290K
Accounts Receivable	$32K-6.0%	$34K-57.3%	$80K-75.9%	$331K-6.5%	$354K+37.9%	$257K
Goodwill	N/A	N/A	N/A	$0-100.0%	$6.9M+143.7%	$2.8M
Total Liabilities	$5.2M-0.1%	$5.2M-15.8%	$6.1M+54.8%	$4.0M+13.2%	$3.5M-66.3%	$10.4M
Current Liabilities	$4.3M+18.7%	$3.6M-9.1%	$4.0M+1.8%	$3.9M+19.8%	$3.2M-65.3%	$9.3M
Long-Term Debt	N/A	N/A	N/A	N/A	$0	N/A
Total Equity	$47.7M+23651.1%	-$203K-102.4%	$8.3M-62.0%	$21.8M-45.9%	$40.3M+1423.7%	$2.6M
Retained Earnings	-$413.5M-129.2%	-$180.4M-7.5%	-$167.8M-9.1%	-$153.8M-20.1%	-$128.0M-18.1%	-$108.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$45.2M-14.5%	$52.9M+1585.8%	$3.1M-8.7%	$3.4M-41.5%	$5.9M+18.0%	$5.0M-33.7%	$7.5M-29.2%	$10.6M
Current Assets	$37.6M-12.1%	$42.8M+3774.3%	$1.1M-9.8%	$1.2M-64.9%	$3.5M+56.6%	$2.2M-51.3%	$4.6M-33.7%	$6.9M
Cash & Equivalents	$6.9M-35.8%	$10.8M+5839.9%	$182K-64.1%	$506K-83.6%	$3.1M+404.7%	$612K-80.1%	$3.1M-42.3%	$5.3M
Inventory	N/A	N/A	$38K-11.0%	$43K-6.7%	$46K0.0%	$46K-90.9%	$504K-11.2%	$568K
Accounts Receivable	$659K+1952.7%	$32K+23.5%	$26K+13.3%	$23K-61.6%	$60K+75.2%	$34K-92.6%	$464K+19.8%	$387K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.0M-4.2%	$5.2M-93.6%	$80.6M+1483.2%	$5.1M-15.4%	$6.0M+16.2%	$5.2M-6.4%	$5.5M-14.8%	$6.5M
Current Liabilities	$4.2M-0.9%	$4.3M-94.6%	$79.5M+1967.1%	$3.8M-16.6%	$4.6M+28.3%	$3.6M-5.9%	$3.8M-17.4%	$4.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$40.3M-15.6%	$47.7M+161.6%	-$77.4M-4583.0%	-$1.7M-1034.1%	-$146K+28.0%	-$203K-110.3%	$2.0M-52.0%	$4.1M
Retained Earnings	-$421.2M-1.9%	-$413.5M-57.5%	-$262.6M-42.0%	-$184.9M-1.1%	-$182.9M-1.4%	-$180.4M-1.2%	-$178.3M-1.8%	-$175.2M

AGPU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.9M+2.2%	-$10.1M+23.4%	-$13.2M-6.6%	-$12.4M-1.3%	-$12.2M+0.4%	-$12.3M
Capital Expenditures	$0-100.0%	$10K+1.5%	$9K-97.8%	$420K-53.9%	$910K+205.1%	$298K
Free Cash Flow	-$9.9M+2.3%	-$10.1M+23.4%	-$13.2M-3.2%	-$12.8M+2.5%	-$13.1M-4.5%	-$12.6M
Investing Cash Flow	N/A	N/A	-$302K+36.4%	-$476K+95.5%	-$10.6M-6234.5%	-$167K
Financing Cash Flow	N/A	N/A	$149K-97.8%	$6.7M-86.7%	$50.3M+288.7%	$13.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$2K-94.5%	$28K+139.9%	$12K	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$3.7M+5.0%	-$3.9M-138.3%	-$1.7M+49.8%	-$3.3M-234.2%	-$986K+52.0%	-$2.1M+19.3%	-$2.5M-21.9%	-$2.1M
Capital Expenditures	$21K	$0	$0	$0	$0-100.0%	$6K	$0	$0
Free Cash Flow	-$3.8M+4.4%	-$3.9M-138.3%	-$1.7M+49.8%	-$3.3M-234.2%	-$986K+52.1%	-$2.1M+19.1%	-$2.5M-21.9%	-$2.1M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$6K
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AGPU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.0%+34.3pp	7.7%-52.7pp	60.4%-6.1pp	66.5%+0.7pp	65.7%+1.4pp	64.3%
Operating Margin	-144404.5%-132255.4pp	-12149.1%-9885.8pp	-2263.4%-534.1pp	-1729.3%-291.3pp	-1438.0%+587.2pp	-2025.1%
Net Margin	-186053.5%-171121.1pp	-14932.3%-12093.5pp	-2838.8%-1129.2pp	-1709.6%-326.0pp	-1383.6%+683.3pp	-2067.0%
Return on Equity	-488.5%	N/A	-169.1%-50.8pp	-118.3%-69.4pp	-48.8%+930.6pp	-979.5%
Return on Assets	-440.7%-186.0pp	-254.7%-157.7pp	-97.0%+3.0pp	-100.0%-55.1pp	-44.9%+153.3pp	-198.2%
Current Ratio	10.02+9.4	0.62-1.9	2.55-3.5	6.02-3.1	9.09+8.9	0.16
Debt-to-Equity	0.11	N/A	0.74+0.6	0.18+0.2	0.00-3.9	3.94
FCF Margin	-7882.9%+4040.6pp	-11923.5%-9244.1pp	-2679.4%-1829.8pp	-849.6%+73.8pp	-923.5%+79.2pp	-1002.7%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	-9720.5%-9809.8pp	89.3%+220.3pp	-131.0%+448.4pp	-579.4%+1493.9pp	-2073.3%-1822.8pp	-250.5%-64.4pp	-186.1%-265.5pp	79.4%
Operating Margin	-21887.5%+1968992.6pp	-1990880.1%-1900226.0pp	-90654.1%+8520.7pp	-99174.8%-97101.5pp	-2073.3%+21775.6pp	-23848.9%+31447.8pp	-55296.8%-51632.1pp	-3664.6%
Net Margin	-21831.6%	N/A	N/A	-77198.4%-74983.9pp	-2214.5%+22462.4pp	-24676.9%+54532.0pp	-79208.9%-74478.7pp	-4730.1%
Return on Equity	-19.1%	N/A	N/A	N/A	N/A	N/A	-157.3%-79.6pp	-77.7%
Return on Assets	-17.1%	N/A	N/A	-60.3%-18.6pp	-41.6%+2.0pp	-43.6%-2.4pp	-41.3%-11.2pp	-30.0%
Current Ratio	8.89-1.1	10.02+10.0	0.01-0.3	0.32-0.4	0.76+0.1	0.62-0.6	1.20-0.3	1.49
Debt-to-Equity	0.12+0.0	0.11	N/A	N/A	N/A	N/A	2.81+1.2	1.59
FCF Margin	-10669.3%+34771.6pp	-45440.9%+271.3pp	-45712.1%+77136.2pp	-122848.3%-121954.6pp	-893.7%+22535.4pp	-23429.1%+41723.8pp	-65152.8%-62048.0pp	-3104.8%

Frequently Asked Questions

What is Axe Compute Inc's annual revenue?

Axe Compute Inc (AGPU) reported $125K in total revenue for fiscal year 2025. This represents a 47.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Axe Compute Inc's revenue growing?

Axe Compute Inc (AGPU) revenue grew by 47.7% year-over-year, from $85K to $125K in fiscal year 2025.

Is Axe Compute Inc profitable?

No, Axe Compute Inc (AGPU) reported a net income of -$233.1M in fiscal year 2025, with a net profit margin of -186053.5%.

What is Axe Compute Inc's EBITDA?

Axe Compute Inc (AGPU) had EBITDA of -$180.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Axe Compute Inc's gross margin?

Axe Compute Inc (AGPU) had a gross margin of 42.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Axe Compute Inc's operating margin?

Axe Compute Inc (AGPU) had an operating margin of -144404.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Axe Compute Inc's net profit margin?

Axe Compute Inc (AGPU) had a net profit margin of -186053.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Axe Compute Inc's return on equity (ROE)?

Axe Compute Inc (AGPU) has a return on equity of -488.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Axe Compute Inc's free cash flow?

Axe Compute Inc (AGPU) generated -$9.9M in free cash flow during fiscal year 2025. This represents a 2.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Axe Compute Inc's operating cash flow?

Axe Compute Inc (AGPU) generated -$9.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Axe Compute Inc's total assets?

Axe Compute Inc (AGPU) had $52.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Axe Compute Inc's capital expenditures?

Axe Compute Inc (AGPU) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Axe Compute Inc have outstanding?

Axe Compute Inc (AGPU) had 4M shares outstanding as of fiscal year 2025.

What is Axe Compute Inc's current ratio?

Axe Compute Inc (AGPU) had a current ratio of 10.02 as of fiscal year 2025, which is generally considered healthy.

What is Axe Compute Inc's debt-to-equity ratio?

Axe Compute Inc (AGPU) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Axe Compute Inc's return on assets (ROA)?

Axe Compute Inc (AGPU) had a return on assets of -440.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Axe Compute Inc's cash runway?

Based on fiscal year 2025 data, Axe Compute Inc (AGPU) had $10.8M in cash against an annual operating cash burn of $9.9M. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Axe Compute Inc's Altman Z-Score?

Axe Compute Inc (AGPU) has an Altman Z-Score of -9.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Axe Compute Inc's Piotroski F-Score?

Axe Compute Inc (AGPU) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Axe Compute Inc's earnings high quality?

Axe Compute Inc (AGPU) has an earnings quality ratio of 0.04x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.