Axe Compute signs $260M contract, Q1 net loss $7.7M, first compute revenue

Axe Compute Inc.

$260M 36-month take-or-pay contract for 2,304 NVIDIA B300 GPUs; deployment Q3 2026, expected $21M/quarter revenue.
Q1 2026 net loss $7.7M ($0.36 EPS) on $35K revenue; includes $4.3M non-cash mark-to-market loss on digital assets.
First compute services revenue recognized; contract liabilities $645K from customer prepayments.
Appointed Kyle Okamoto President and Jeremy Yaukey-Witter CFO; evaluating sale of Drug Discovery business.
Liquidity $36.5M: $6.9M cash, $20.2M in ATH digital assets, $9.4M current digital asset receivable.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Axe Compute Inc. reported first quarter ended March 31, 2026 results: revenue $35 thousand, net income $7.7 million, EPS $0.36 per share.

Period: first quarter ended March 31, 2026
Revenue: $35 thousand
Net income: $7.7 million
EPS: $0.36 per share
Result: reported results

Exact text from the filing

FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS Total Revenue: $35 thousand in Q1 2026, compared to $110 thousand in Q1 2025. The Q1 2026 sales primarily reflects sales from the legacy Drug Discovery Services segment, with $7 thousand contributed by the Compute Services segment reflecting a handful of initial contract deployments that commenced in late March 2026 and will contribute revenue over the respective contract service periods beyond March 31, 2026.

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Axe Compute Inc. filing history →

Source: SEC EDGAR

accession 0001171843-26-003492

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