NASDAQ$BGDE

Mawson Infrastructure Group Inc. · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Big Digital Energy, Inc. reported a net profit of $0.6 million for Q1 2026 amid sharply lower revenues.

The company generated $4.8 million in total revenue for the quarter ended March 31, 2026, a 65% decline year-over-year, primarily due to reduced colocation and energy management activity. Despite the revenue drop, net income reached $0.6 million thanks to a $10.2 million gain on legal settlements. Cash declined to $2.4 million while the company continued to face substantial doubt about its ability to continue as a going concern.

  • Total revenue fell 65% to $4.8 million driven by lower colocation and energy management volumes.
  • Net income of $0.6 million was supported by a $10.2 million legal settlement gain offsetting operating losses.
  • Cash and cash equivalents dropped to $2.4 million with negative operating cash flow of $17.1 million.
  • Company continues to disclose substantial doubt regarding its ability to continue as a going concern.

Headline financials

Total Revenue

$4.82M

Previous: $13.8M-65.1%
EPS (adj)

$0.13

Previous: -$0.02+750.0%
Operational Capacity

129

Previous: 129+0.0%
Capital Expenditures

-$31.7K

No prior period
Free Cash Flow

-$17.2M

No prior period
Net Income

$610K

Previous: -$311K+296.2%
Operating Income

-$8.15M

Previous: $577K-1513.5%
Gross Profit

$1.01M

Previous: $5.92M-83.0%
Cash & Equivalents

$2.44M

No prior period
Total Assets

$48.4M

No prior period

Revenue & EPS history

Mawson · Revenue · Quarterly

$4.82M

Q1 2026-65.1%vs Q1 2025
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Mawson · $4.82M total across 3 segments · Q1 2026

  • Digital Colocation
    $3.51M
  • Energy Management
    $1.19M
  • Digital Assets Mining
    $119K

Forward guidance

No quantitative guidance provided; management continues to focus on liquidity preservation, cost reduction, and potential strategic transactions amid going-concern uncertainty.

Tailwinds

  • New colocation agreement signed post-quarter with affiliate to monetize capacity

Headwinds

  • Substantial doubt about ability to continue as going concern
  • Negative working capital of $22.8 million
  • Multiple debt facilities in default

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-2.1%

Avg return

Earnings day

-3.7%

Avg return

5 days after

-2.1%

Avg return

30 days after

29%

12 / 42 earnings

Positive

+46.6%

Q3 2019

Best reaction

-53.7%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.6%-20.2%-21.9%
Q3 2025-6.8%-49.2%-56.2%
Q2 2025-6.4%-12.8%-14.9%
Q1 2025+5.1%-1.7%-33.9%
Q4 2024+30.6%+52.2%+26.1%
Q3 2024-9.2%-6.5%-48.9%
Q2 2024+1.4%+19.6%-10.9%
Q1 2026-1.8%+2.7%+51.4%
Q1 2024-0.9%+14.5%+52.7%
Q4 2023-19.6%-17.0%-17.0%
Q3 2023-12.7%-5.5%+118.2%
Q2 2023-30.3%-55.0%-41.4%
Q1 2023-5.5%-16.7%-13.0%
Q4 2022+3.1%-4.7%-1.2%
Q3 2022-1.3%-7.5%-27.5%
Q2 2022-6.9%+2.7%-13.7%
Q1 2022+9.1%-7.5%-33.5%
Q4 2021-6.7%+5.6%-9.0%
Q3 2021-13.3%-13.2%-39.6%
Q2 2021-5.7%-23.8%+44.3%
Q1 2021-16.4%-12.8%-8.1%
Q4 2020-0.9%-27.3%-8.2%
Q3 2020-16.2%-11.1%-33.3%
Q2 2020+0.3%+0.0%-4.8%
Q1 2020-13.8%-10.0%+20.0%
Q4 2019+45.7%+66.7%+66.7%
Q3 2019+46.6%+35.3%+41.2%
Q2 2019+29.4%+5.9%+0.0%
Q1 2019-9.5%+0.0%-22.2%
Q4 2018+7.1%+7.1%+12.9%
Q3 2018+1.7%+0.0%-59.6%
Q2 2018-28.9%-20.0%-24.4%
Q1 2018-0.3%-0.5%-3.0%
Q4 2017-6.4%-6.4%+59.1%
Q3 2017-9.1%-10.7%-42.9%
Q2 2017+0.0%+0.0%+0.0%
Q1 2017-53.7%-50.0%-70.6%
Q4 2016+0.0%+28.6%+0.0%
Q3 2016+0.0%+0.0%+0.0%
Q2 2016+0.0%+0.0%+81.8%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014+20.0%
Q3 2014
Q2 2014
Q4 2013
Q1 2014
Q3 2013-4.0%
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q2 2010
Q1 2011
Q4 2010
Q3 2010
Q1 2010

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