DGXX
DGXX
Digi Power X Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $8.15M ▲ | $2.09M ▼ | $302.79K ▲ | 3.72% ▲ | $0.01 ▲ | $-1.34M ▲ |
| Q2-2025 | $8.11M ▼ | $4.07M ▲ | $-10.39M ▼ | -128.04% ▼ | $-0.28 ▼ | $-8.78M ▼ |
| Q1-2025 | $9.28M ▲ | $3.1M ▲ | $-1.69M ▼ | -18.2% ▼ | $-0.05 ▼ | $-2.26M ▼ |
| Q4-2024 | $5.64M ▼ | $-3.23M ▼ | $-464.07K ▲ | -8.23% ▲ | $-0.01 ▲ | $3.34M ▲ |
| Q3-2024 | $9.18M | $2.06M | $-6.41M | -69.88% | $-0.21 | $-2.49M |
What's going well?
Net income swung from a big loss to a small profit, and operating expenses were cut almost in half. The company is showing some cost discipline and benefited from non-operating income.
What's concerning?
The core business is still unprofitable, with product costs higher than revenue and negative gross margins. The profit this quarter came from outside sources, not from selling products, and share dilution is hurting existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $6.21M ▲ | $51.27M ▲ | $7.11M ▼ | $44.16M ▲ |
| Q2-2025 | $4.28M ▲ | $37.29M ▲ | $10.66M ▲ | $26.64M ▲ |
| Q1-2025 | $804.37K ▼ | $33.02M ▼ | $8.66M ▼ | $24.35M ▲ |
| Q4-2024 | $1.7M ▲ | $34.32M ▼ | $12.34M ▲ | $21.7M ▼ |
| Q3-2024 | $588.61K | $38.62M | $11.52M | $27.09M |
What's financially strong about this company?
The company has no debt, a growing cash pile, and a very strong equity base. It can easily pay all its bills and has plenty of financial flexibility.
What are the financial risks or weaknesses?
Inventory is piling up much faster than sales, which could signal slowing demand or poor inventory management. The company has a long history of losses, as shown by negative retained earnings.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $302.79K ▲ | $-6.83M ▲ | $-7.61M ▼ | $16.37M ▲ | $1.93M ▼ | $-14.44M ▼ |
| Q2-2025 | $-10.39M ▼ | $-8.2M ▲ | $5.6M ▲ | $6.08M ▲ | $3.48M ▲ | $-8.97M ▲ |
| Q1-2025 | $-1.69M ▼ | $-10.11M ▲ | $3.82M ▼ | $5.39M ▲ | $-899.52K ▼ | $-10.89M ▲ |
| Q4-2024 | $-464.07K ▲ | $-18M ▼ | $17.92M ▲ | $1.2M ▼ | $1.12M ▲ | $-18.59M ▼ |
| Q3-2024 | $-6.41M | $-4.66M | $0 | $3.72M | $-938.45K | $-4.66M |
What's strong about this company's cash flow?
Operating cash burn improved slightly and net income turned positive this quarter. The company is able to raise cash through stock sales when needed.
What are the cash flow concerns?
Free cash flow burn is getting worse, capital spending surged, and the company is highly dependent on selling new shares to survive. Cash on hand only covers a few more quarters of losses.
Q3 2024 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Digi Power X Inc.'s financial evolution and strategic trajectory over the past five years.
DGXX’s key strengths lie in its strong recent revenue growth, its strategic pivot into a high‑growth AI and HPC infrastructure niche, and its control over power generation assets. The company has developed differentiated modular data‑center technology, improved EBITDA in the latest year, reduced its debt burden, and rebuilt its cash position. Together, these factors show a business that is agile, innovative, and willing to reshape itself to align with a major secular trend.
Major risks center on profitability, cash burn, and execution. The company has a history of negative gross margins and recurring net losses, with most years showing negative operating and free cash flow. Equity has been eroded by accumulated losses, and the business remains reliant on external financing, which can be dilutive or difficult to obtain in tougher markets. Competitive pressure from large, well‑funded rivals and the inherent complexity of shifting from crypto mining to AI infrastructure add to the uncertainty.
DGXX’s outlook is highly leveraged to the success of its AI infrastructure strategy. If it can complete its build‑out, ramp utilization of its ARMS deployments, and successfully launch and scale NeoCloudz, the company could transition from a capital‑intensive build phase to a more stable, recurring‑revenue model. However, until DGXX demonstrates sustained positive margins and cash generation, the future remains uncertain and sensitive to both market conditions and management execution. The story is one of meaningful opportunity tempered by substantial financial and operational risk.
About Digi Power X Inc.
https://www.digipowerx.comDigi Power X Inc. operates as an energy infrastructure company. The Company develops cutting-edge data centers to drive the expansion of energy assets.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $8.15M ▲ | $2.09M ▼ | $302.79K ▲ | 3.72% ▲ | $0.01 ▲ | $-1.34M ▲ |
| Q2-2025 | $8.11M ▼ | $4.07M ▲ | $-10.39M ▼ | -128.04% ▼ | $-0.28 ▼ | $-8.78M ▼ |
| Q1-2025 | $9.28M ▲ | $3.1M ▲ | $-1.69M ▼ | -18.2% ▼ | $-0.05 ▼ | $-2.26M ▼ |
| Q4-2024 | $5.64M ▼ | $-3.23M ▼ | $-464.07K ▲ | -8.23% ▲ | $-0.01 ▲ | $3.34M ▲ |
| Q3-2024 | $9.18M | $2.06M | $-6.41M | -69.88% | $-0.21 | $-2.49M |
What's going well?
Net income swung from a big loss to a small profit, and operating expenses were cut almost in half. The company is showing some cost discipline and benefited from non-operating income.
What's concerning?
The core business is still unprofitable, with product costs higher than revenue and negative gross margins. The profit this quarter came from outside sources, not from selling products, and share dilution is hurting existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $6.21M ▲ | $51.27M ▲ | $7.11M ▼ | $44.16M ▲ |
| Q2-2025 | $4.28M ▲ | $37.29M ▲ | $10.66M ▲ | $26.64M ▲ |
| Q1-2025 | $804.37K ▼ | $33.02M ▼ | $8.66M ▼ | $24.35M ▲ |
| Q4-2024 | $1.7M ▲ | $34.32M ▼ | $12.34M ▲ | $21.7M ▼ |
| Q3-2024 | $588.61K | $38.62M | $11.52M | $27.09M |
What's financially strong about this company?
The company has no debt, a growing cash pile, and a very strong equity base. It can easily pay all its bills and has plenty of financial flexibility.
What are the financial risks or weaknesses?
Inventory is piling up much faster than sales, which could signal slowing demand or poor inventory management. The company has a long history of losses, as shown by negative retained earnings.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $302.79K ▲ | $-6.83M ▲ | $-7.61M ▼ | $16.37M ▲ | $1.93M ▼ | $-14.44M ▼ |
| Q2-2025 | $-10.39M ▼ | $-8.2M ▲ | $5.6M ▲ | $6.08M ▲ | $3.48M ▲ | $-8.97M ▲ |
| Q1-2025 | $-1.69M ▼ | $-10.11M ▲ | $3.82M ▼ | $5.39M ▲ | $-899.52K ▼ | $-10.89M ▲ |
| Q4-2024 | $-464.07K ▲ | $-18M ▼ | $17.92M ▲ | $1.2M ▼ | $1.12M ▲ | $-18.59M ▼ |
| Q3-2024 | $-6.41M | $-4.66M | $0 | $3.72M | $-938.45K | $-4.66M |
What's strong about this company's cash flow?
Operating cash burn improved slightly and net income turned positive this quarter. The company is able to raise cash through stock sales when needed.
What are the cash flow concerns?
Free cash flow burn is getting worse, capital spending surged, and the company is highly dependent on selling new shares to survive. Cash on hand only covers a few more quarters of losses.
Q3 2024 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Digi Power X Inc.'s financial evolution and strategic trajectory over the past five years.
DGXX’s key strengths lie in its strong recent revenue growth, its strategic pivot into a high‑growth AI and HPC infrastructure niche, and its control over power generation assets. The company has developed differentiated modular data‑center technology, improved EBITDA in the latest year, reduced its debt burden, and rebuilt its cash position. Together, these factors show a business that is agile, innovative, and willing to reshape itself to align with a major secular trend.
Major risks center on profitability, cash burn, and execution. The company has a history of negative gross margins and recurring net losses, with most years showing negative operating and free cash flow. Equity has been eroded by accumulated losses, and the business remains reliant on external financing, which can be dilutive or difficult to obtain in tougher markets. Competitive pressure from large, well‑funded rivals and the inherent complexity of shifting from crypto mining to AI infrastructure add to the uncertainty.
DGXX’s outlook is highly leveraged to the success of its AI infrastructure strategy. If it can complete its build‑out, ramp utilization of its ARMS deployments, and successfully launch and scale NeoCloudz, the company could transition from a capital‑intensive build phase to a more stable, recurring‑revenue model. However, until DGXX demonstrates sustained positive margins and cash generation, the future remains uncertain and sensitive to both market conditions and management execution. The story is one of meaningful opportunity tempered by substantial financial and operational risk.

CEO
Michel Thierry Amar
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2021-10-28 | Reverse | 1:3 |
| 2020-02-20 | Reverse | 1:40 |
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
VENNLIGHT CAPITAL MANAGEMENT, LP
Shares:1.75M
Value:$4.84M
JANE STREET GROUP, LLC
Shares:1.43M
Value:$3.95M
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
Shares:1.22M
Value:$3.37M
Summary
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