The massive revenue growth from a tiny base is positive, but the widening net loss and negative adjusted EBITDA signal the company is still in an early scaling phase with heavy non-cash charges. Monitor the next quarter for revenue growth sustainability and cash burn rate, especially given the $59M liquidity position.
Price Chart
Executive Summary
Datacentrex reported Q1 2026 revenue of $2.2M, up from $160K in Q1 2025, driven by scaled Scrypt-based digital asset mining. However, GAAP net loss widened to $6.2M from $309K, reflecting $3.3M in depreciation, $1.2M in stock-based compensation, and $1.2M in mark-to-market losses on digital assets. The company ended the quarter with $42.5M cash, $5.3M in digital assets, and $11.2M in offering receivables, for aggregate liquidity over $59M.
Key Financial Metrics
Key Facts
- Revenue increased to $2.2M in Q1 2026 from $160K in Q1 2025, a 1,275% YoY increase.
- Gross profit was $513K (23.5% margin) vs $84K (52.5% margin) in Q1 2025.
- GAAP net loss was $6.2M, compared to $309K in Q1 2025.
- Adjusted EBITDA loss was $1.7M, vs $119K in Q1 2025.
- Ended quarter with $42.5M cash, $5.3M in digital assets, and $11.2M in offering receivables.
- Operated 3,094 Scrypt ASIC miners across four U.S. colocation facilities as of March 31, 2026.
- No consensus EPS or revenue estimates were available for comparison.
Financial Impact
Revenue grew dramatically to $2.2M from $160K, but net loss expanded to $6.2M from $309K, driven by non-cash items and operating expenses scaling to $5.5M from $391K.
Risk Factors
- Heavy reliance on volatile digital asset prices for revenue and treasury value.
- Operating expenses scaling faster than gross profit, leading to widening losses.
- No consensus estimates available, making it difficult to gauge market expectations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023147 |
| Exhibit: ex99-1.htm | 0001493152-26-023147 |
| Document: 0001493152-26-023147-index-headers.html | 0001493152-26-023147 |
| Document: 0001493152-26-023147-index.html | 0001493152-26-023147 |
| Document: 0001493152-26-023147.txt | 0001493152-26-023147 |
| 8-K Data (Synthetic) | 0001493152-26-023147 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | DEFA14A | $1.43 | awaiting T+20 | — | $1.19 (−16.78%) |
Oct 15, 2026 12d ago | DEF 14A | $1.43 | awaiting T+20 | — | $1.19 (−16.78%) |
Oct 14, 2026 13d ago | 8-K | $1.54 | awaiting T+20 | — | $1.19 (−22.73%) |
Aug 31, 2026 8w ago | 8-K | $2.22 $1.78 | ▼ −20.05% | ▼ −19.86% | $1.19 (−46.40%) |
Aug 24, 2026 9w ago | 8-K | $2.92 $2.07 | ▼ −29.11% | ▼ −30.42% | $1.19 (−59.25%) |
Aug 12, 2026 10w ago | Press Release | $1.92 $2.02 | ▼ −5.21% | ▼ −6.96% | $1.19 (+38.02%) |
May 14, 2026 23w ago | 8-K | $2.26 $2.15 | ▼ −4.87% | ▼ −6.99% | $1.19 (−47.35%) |
May 14, 2026 23w ago | Press Release | $2.26 $2.15 | ▼ −4.87% | ▼ −6.99% | $1.19 (−47.35%) |
Apr 13, 2026 28w ago | 8-K | $2.40 $2.39 | ▼ −0.42% | ▼ −6.71% | $1.19 (−50.42%) |
Apr 13, 2026 28w ago | Press Release | $2.40 $2.39 | ▼ −0.42% | ▼ −6.71% | $1.19 (−50.42%) |
US Market Status
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