Big Digital Energy, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 13, 2026, reporting a net loss of $6,462,630 for the third quarter.

Key Highlights

  • Total revenues fell: Q3 2026 revenues were $8,657,909, down from $13,174,706 in Q3 2025, according to the filing.
  • Net loss widened: The company reported a net loss of $6,462,630 for Q3 2026, compared to net income of $327,659 in Q3 2025.
  • Nine-month loss: For the nine months ended September 30, 2026, the net loss was $13,228,567, versus a net loss of $8,004,637 for the same period in 2025.
  • Accumulated deficit: As of September 30, 2026, the accumulated deficit stood at $265,890,295, up from $252,454,735 at December 31, 2025.
  • Shares outstanding increased: Common shares outstanding grew to 6,419,242 as of September 30, 2026, from 3,617,221 at December 31, 2025.
  • Gain on legal settlements: The filing reported a gain on legal settlements of $10,490,014 for the nine months ended September 30, 2026, with no comparable amount in the prior-year period.
  • Total assets: Total assets were $53,669,796 as of September 30, 2026, compared to $57,441,666 at December 31, 2025.

Big Digital Energy Reports Revenue Decline and Wider Loss in Third Quarter 2026

According to the filing, Big Digital Energy, Inc. (NASDAQ:BGDE), a Delaware-incorporated company headquartered in Midland, Pennsylvania, reported total revenues of $8,657,909 for the three months ended September 30, 2026. This compares to $13,174,706 in the same quarter of 2025. Revenue streams disclosed include digital colocation revenue of $2,444,231 (down from $7,161,452), energy management revenue of $6,055,160 (up from $5,426,302), and digital assets mining revenue of $158,518 (down from $586,952).

The company disclosed a loss from operations of $5,540,980 for Q3 2026, reversing income from operations of $1,578,711 reported in Q3 2025. Selling, general and administrative expenses rose to $7,856,443 from $5,838,711 year over year. For the nine-month period, the filing reported a gain on legal settlements of $10,490,014, which partially offset a loss from operations of $19,991,078. Interest expense for the nine months ended September 30, 2026 was $3,066,522, compared to $2,480,283 in the prior-year period.

The consolidated balance sheet as of September 30, 2026 showed total current liabilities of $44,733,174, including current portion of long-term loans of $28,769,669, against total current assets of $18,721,860. Cash and cash equivalents declined to $3,078,601 from $13,271,256 at December 31, 2025. The company also disclosed the issuance of 15,000 shares of Series D Convertible Preferred Stock, par value $0.001 per share, as of September 30, 2026, with preferred stock dividends paid and accrued of $206,993 during the period. Total stockholders' equity improved to $8,492,867 from a deficit of $3,117,791 at December 31, 2025, reflecting capital raises and debt-to-equity conversions during the nine-month period.

What Was Disclosed

Big Digital Energy, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing a net loss of $6,462,630 for Q3 2026, a revenue decline from the prior year, an accumulated deficit of $265,890,295, and a nine-month gain on legal settlements of $10,490,014.