Here are the 10-Q quarterly reports from Axe Compute Inc. (AGPU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AGPU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGPU filings page.
Axe Compute Inc. reported rapid top-line growth but much larger losses as it pivots into AI compute services supported by crypto assets. Revenue for the six months ended June 30, 2026 rose to $3.3 million from $0.1 million, driven by GPU compute contracts rather than the legacy drug discovery business.
The company posted a six‑month net loss of $24.9 million versus $4.5 million a year earlier, mainly due to $17.4 million of losses on ATH digital assets held in its Strategic Compute Reserve and higher operating expenses. Cash and cash equivalents were $21.9 million, with digital assets at $11.3 million, and management believes liquidity is sufficient for at least 12 months.
Contract liabilities climbed to $60.8 million, reflecting prepaid GPU services, with remaining performance obligations scheduled through 2029. In April 2026 Axe signed a $260 million, 36‑month NVIDIA B300 infrastructure contract and in July 2026 secured three additional contracts totaling over $2.8 billion, while also taking on $262.6 million in multi‑year compute purchase commitments.
Axe Compute Inc. reported a sharp increase in quarterly losses driven by its ATH digital-asset strategy and minimal revenue from operations. For the three months ended March 31, 2026, revenue fell to $35,311 from $110,310 a year earlier, mainly due to lower activity in its Drug Discovery Services segment.
The company recorded a $4.3 million loss on digital assets, primarily from fair value declines in Aethir (ATH) tokens, leading to a net loss of $7.7 million versus $2.4 million last year. As of March 31, 2026, Axe Compute held $6.9 million in cash and cash equivalents, $20.2 million of ATH at fair value, and a $15.4 million digital asset receivable tied to locked ATH. Management is focusing on the ATH-based Treasury Strategy and GPU compute services while exploring strategic alternatives for its legacy oncology business.
Subsequent to quarter-end, the company entered a 36‑month enterprise infrastructure contract with an approximate $260 million aggregate value to deliver a 2,304‑GPU NVIDIA cluster, signaling a significant potential future revenue source alongside its concentrated ATH exposure.