Revenue growth remains in a contractionary phase, evidenced by a 27.8% year-over-year decline in 2026Q1 alongside persistent negative gross margins of -11.8%.
| Sales/Revenue | 31.61M | 34.19M | 37M | 26.11M | 24.19M | 24.95M | 3.55M | 8.66M | 2.58M |
| Revenue Growth % | -5.14% | -7.61% | 41.7% | 7.95% | -3.06% | 602.22% | -58.95% | 234.97% | - |
| Cost of Goods Sold | 34.1M | 37.4M | 48.35M | 35.78M | 30.99M | 13.82M | 7.55M | 12.7M | 3.88M |
| COGS % of Revenue | - | 109.41% | 130.67% | 137.02% | 128.1% | 55.4% | 212.48% | 146.67% | 150.18% |
| Gross Profit | -2.49M | -3.22M | -11.35M | -9.67M | -6.8M | 11.13M | -4M | -4.04M | -1.3M |
| Gross Margin % | -7.87% | -9.41% | -30.67% | -37.02% | -28.1% | 44.6% | -112.48% | -46.67% | -50.18% |
| Gross Profit Growth % | - | 71.65% | -17.38% | -42.22% | -161.08% | 378.46% | 1.08% | -211.53% | - |
| Operating Expenses | 17.69M | 16.34M | -476.89K | 7.65M | 21.43M | 8.21M | 1.57M | 269.97K | 6.52M |
| OpEx % of Revenue | - | 47.78% | -1.29% | 29.31% | 88.59% | 32.89% | 44.22% | 3.12% | 252.37% |
| Selling, General & Admin | 17.79M | 16.34M | 6.39M | 5.28M | 8.06M | 10.48M | 1.71M | 269.97K | 6.52M |
| SG&A % of Revenue | - | 47.78% | 17.27% | 20.21% | 33.31% | 42.01% | 48.13% | 3.12% | 252.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -104.19K | 0 | -6.87M | 2.38M | 13.37M | -2.28M | -138.94K | -484.39K | 0 |
| Operating Income | -20.17M | -19.55M | -10.87M | -17.32M | -28.23M | 2.92M | -5.57M | -269.97K | -7.82M |
| Operating Margin % | -63.82% | -57.19% | -29.38% | -66.33% | -116.69% | 11.71% | -156.7% | -3.12% | -302.55% |
| Operating Income Growth % | - | -79.87% | 37.24% | 38.64% | -1065.77% | 152.49% | -1962.5% | 96.55% | - |
| EBITDA | -13.95M | -12.57M | 4.82M | -2.28M | -17.43M | 6.2M | -2.18M | 1.41M | -6.17M |
| EBITDA Margin % | -44.12% | -36.76% | 13.02% | -8.72% | -72.05% | 24.86% | -61.38% | 16.26% | -238.76% |
| EBITDA Growth % | -471.46% | -360.88% | 311.59% | 86.93% | -380.92% | 384.45% | -254.92% | 122.82% | - |
| D&A (Non-Cash Add-back) | 6.23M | 6.98M | 15.69M | 15.04M | 10.8M | 3.28M | 3.39M | 1.68M | 1.65M |
| EBIT | -26.38M | -19.55M | -6.77M | -21.56M | 3.09M | -499.26K | -5.57M | -269.97K | -21.74M |
| Net Interest Income | 772.79K | 285.87K | -39.12K | -42.13K | -238.2K | -332.81K | -258.43K | -48.43K | 0 |
| Interest Income | 793.18K | 285.87K | 24K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 20.39K | 0 | 63.12K | 42.13K | 238.2K | 332.81K | 258.43K | 48.43K | 0 |
| Other Income/Expense | -11.08M | -8.8M | 4.03M | -4.56M | 31.02M | -3.75M | -258.43K | 0 | -14.03M |
| Pretax Income | -31.26M | -28.36M | -6.84M | -21.89M | 2.79M | -832.07K | -5.83M | -269.97K | -21.85M |
| Pretax Margin % | -98.88% | -82.94% | -18.48% | -83.81% | 11.54% | -3.33% | -163.97% | -3.12% | -845.39% |
| Income Tax | 0 | 0 | 0 | 0 | -1.54M | 2.3M | -635.81K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -55.07% | -276.49% | 10.91% | 0% | 0% |
| Net Income | -31.26M | -28.36M | -6.8M | -21.89M | 4.33M | -3.13M | -5.19M | -269.97K | -28.95M |
| Net Margin % | -98.88% | -82.94% | -18.37% | -83.81% | 17.9% | -12.55% | -146.08% | -3.12% | -1120.11% |
| Net Income Growth % | -134.47% | -317.14% | 68.94% | -605.51% | 238.2% | 39.65% | -1822.71% | 99.07% | - |
| Net Income (Continuing) | -31.26M | -28.36M | -6.84M | -21.89M | 4.33M | -3.13M | -5.19M | -269.97K | -21.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.1M |
| Minority Interest | 933.92M | 0 | 279.43K | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.45 | -0.64 | -0.22 | -0.77 | 0.15 | 0.01 | -0.44 | -0.02 | -0.11 |
| EPS Growth % | -64.93% | -190.91% | 71.43% | -613.33% | 1027.82% | 103.02% | -2078.22% | 81.64% | - |
| EPS (Basic) | - | -0.64 | -0.22 | -0.77 | 0.15 | 0.01 | -0.44 | -0.02 | -0.11 |
| Diluted Shares Outstanding | 69.64M | 44.46M | 30.7M | 28.57M | 27.23M | 21.78M | 11.72M | 13.36M | 261.22M |
| Basic Shares Outstanding | 69.64M | 44.46M | 30.7M | 28.42M | 27.23M | 21.78M | 11.72M | 13.36M | 261.74M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Persistent negative gross margins
As reported in recent financial filings, DGXX experienced a 27.8% year-over-year revenue decline in 2026Q1, reflecting a broader struggle to maintain top-line growth as network difficulty increases and the company fails to scale its digital asset mining output relative to the competitive landscape.
The consistent revenue volatility suggests that the company lacks a stable, recurring revenue base, leaving it entirely exposed to the cyclical nature of cryptocurrency mining. Investors should monitor whether the recent decline is a result of intentional capacity curtailment or a structural inability to compete with more efficient, larger-scale peers.
Based on the provided income statement data, DGXX has struggled with persistent negative gross margins, reaching -11.8% in 2026Q1, which indicates that the direct costs of electricity and hardware maintenance currently exceed the value of the digital assets produced by the company's mining fleet.
This margin profile suggests that the company's energy procurement strategy or hardware efficiency is fundamentally misaligned with current market conditions. Without a significant reduction in power costs or a fleet refresh, the business model appears to be value-destructive on a variable cost basis.
According to the latest quarterly results, DGXX's operating income remains deeply negative at -$5.1M, as SG&A expenses continue to consume a disproportionate share of the company's limited revenue, preventing any meaningful scaling of operations despite the company's significant cash position.
The inability to achieve positive operating leverage suggests that fixed costs, including administrative overhead, are too high for the current revenue scale. This indicates that the company may be over-invested in corporate infrastructure relative to its actual productive capacity, warranting further investigation into management's expense discipline.
As indicated by the financial statements, DGXX's net income is highly erratic, swinging from a $302.8K profit in 2025Q3 to a -$16.6M loss in 2025Q4, which suggests that non-operating items and potential asset impairments are significantly distorting the company's reported bottom-line performance.
The presence of substantial stock-based compensation, which reached $1.4B in 2026Q1, raises concerns regarding the alignment of management incentives with shareholder value. Investors should be wary of these non-cash charges, as they obscure the underlying operational reality of a business that is currently failing to generate sustainable earnings.
While some market participants may view DGXX as a strategic energy infrastructure play, the data suggests that the company's current financial performance is more consistent with a distressed miner than a stable provider of high-performance computing or grid-connected power assets.
The lack of a clear transition to higher-margin hosting services suggests that the 'energy infrastructure' narrative may be more aspirational than operational. Until the company demonstrates a shift toward contract-based revenue that decouples it from hash price volatility, the current valuation may be at risk of further compression.
Quick answers to the most common questions about buying DGXX stock.
For fiscal year 2025, Digi Power X Inc. (DGXX) reported total revenue of $34.2M. This represents a 1222.9% increase compared to $2.6M in 2018.
Digi Power X Inc. (DGXX) reported a net loss of $28.4M for the fiscal year ending 2025.
Digi Power X Inc. (DGXX) reported an operating income of $-19.6M, resulting in an operating profit margin of -57.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Digi Power X Inc. (DGXX) generated $-3.2M in gross profit for the year, representing a gross profit margin of -9.4%. This demonstrates the company's core pricing power and production efficiency.