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NASDAQ NMS - GLOBAL MARKET · Technology · CIK 0001218683
$4.28
-3.82% · delayed ~15 min
Last price from Oct 20, 2026
$23.8M market value
From Big Digital Energy, Inc.'s FY2025 10-K, filed Mar 31, 2026 · read the filing
Big Digital Energy lends money and provides credit. It took in $39.8M last year, which makes it a small company. It spends more than it earns — losing about 60 cents on every dollar of sales.
The filing does not provide enough evidence for a clear financial conclusion.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Significant financial weakness across most measures.
From Big Digital Energy, Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
-$46.1M → -$23.7M
Gross margin
34.2% → 43.6%
Profit margin
-77.8% → -59.5%
Free cash flow
$1.6M → -$7.0M
Measured against FY2024, from the 10-K filed Mar 31, 2026
Improved: $22.5M narrower
-$46.1M to -$23.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
BGDE fell 3.82% on the latest quote. The average Financials company tracked here moved +1.11%, and the S&P 500 −0.36%. That is 4.9 points below its sector and 3.5 points below the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 7 analysts covering this company, as of . Their views, not this site's.
Of 7 analysts publishing on this company, 2 say strong buy, 4 say buy and 1 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $23.7M last year, losing about 60 cents on every dollar of sales.
No. Sales shrank 32.9% last year.
For every $1 it owes, it owns $0.95 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors. Its operating profit does not cover its interest bill — -5.73x against the interest it owes.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $23.7M and generated -$6.9M of cash from operations.
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Mar 31, 2026Filing for FY2025 | FY202410-K · Mar 31, 2026Filing for FY2024 | FY202310-K · Mar 28, 2025Filing for FY2023 | FY202210-K · Apr 1, 2024Filing for FY2022 | FY202110-K · Mar 23, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $39.8M | $59.3M | $43.6M | $84.4M | $43.9M | −32.9% |
| Cost of revenue | $22.4M | $39.0M | $557.00 | $45.0K | $9.9M | −42.5% |
| Gross profit | $17.3M | $20.3M | $15.0M | $36.7M | $34.0M | −14.5% |
| Gross marginGross profit ÷ revenueWhat is this? | 43.6% | 34.2% | 34.5% | 43.5% | 77.4% | +9.4 pts |
| Selling, general and administrative | $22.7M | $18.3M | $19.2M | $25.9M | $16.1M | +23.7% |
| Operating income | -$19.3M | -$31.2M | -$60.3M | -$44.1M | -$42.7M | +38.1% |
| Operating marginOperating income ÷ revenueWhat is this? | -48.5% | -52.6% | -138.4% | -52.3% | -97.3% | +4.0 pts |
| Interest expense | $3.4M | $3.1M | $3.0M | $6.1M | $1.6M | +8.7% |
| Income before tax | -$23.6M | -$45.4M | -$52.6M | -$54.0M | -$45.2M | +47.9% |
| Net income | -$23.7M | -$46.1M | -$60.4M | -$52.8M | -$45.0M | +48.7% |
| Net marginNet income ÷ revenueWhat is this? | -59.5% | -77.8% | -138.7% | -62.5% | -102.5% | +18.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-25.18 | $-49.10 | $-3.63 | $-3.87 | $-3.30 | +48.7% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Reported another kind of transaction — 650 shares at $5.48 ($3.6K)
Holds 15,000 shares after this filing.
Was granted or awarded shares — 442,899 shares at $5.80 ($2.6M)
Holds 2,092,899 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingSigned a material agreement · Sold shares outside a public offering
Read the filingWrite down why you are following Big Digital Energy, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 9 subsidiaries named in its 10-K. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from BGDE's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Mar 31, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 2.0 | 5/9 | 10-K, filed Mar 31, 2026 |
| FY2024 | 4.7 | 5/9 | 10-K, filed Mar 28, 2025 |
| FY2023 | 2.0 | 1/9 | 10-K, filed Apr 1, 2024 |
| FY2022 | 4.7 | 5/8 | 10-K, filed Mar 23, 2023 |
| FY2021 | 6.0 | 4/8 | 10-K, filed Mar 21, 2022 |
| FY2020 | 6.0 | 2/7 | 10-K, filed Mar 21, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +9.4 pts
34.2% to 43.6%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +18.3 pts
-77.8% to -59.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$1.6M to -$7.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $23.92 narrower
-$49.10 to -$25.18Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +117.9%
$6.1M to $13.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: -92.4%
$2.0M to $148.9KCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -32.9%
$59.3M to $39.8MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: $11.9M narrower
-$31.2M to -$19.3MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +4.0 pts
-52.6% to -48.5%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: +20.4%
$20.9M to $25.2MSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -14.5%
$20.3M to $17.3MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 14, 2026 — read it.
Deteriorated: -59.1%
$3.9M to $1.6MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −15.1 pts
41.3% to 26.1%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −33.4 pts
-68.9% to -102.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −35.7 pts
-84.1% to -119.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $0.92 wider
-$0.39 to -$1.31Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +402.8%
$3.2M to $16.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -72.9%
20.8M to 5.6MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Deteriorated: -35.5%
$9.5M to $6.2MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: $274.3K narrower
-$6.6M to -$6.3MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $645.7K narrower
-$8.0M to -$7.4MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 14, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +59.8%
$1.0M to $1.6MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: turned negative
$609.8K to -$7.4MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +66.7 pts
-169.1% to -102.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −132.5 pts
12.7% to -119.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$0.17 to -$1.31Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +567.7%
$2.4M to $16.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +56.2%
3.6M to 5.6MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Improved: +27.7%
$4.8M to $6.2MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: $1.9M narrower
-$8.2M to -$6.3MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +5.3 pts
20.9% to 26.1%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 16.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Reported annual figures
Bought on the open market — 795 shares at $6.21 ($4.9K)
Holds 28,850 shares after this filing.
Reported another kind of transaction — 250 shares
Holds 16,150 shares after this filing.
Reported another kind of transaction — 500 shares
Holds 15,650 shares after this filing.
Bought on the open market — 494 shares at $5.99 ($3.0K)
Holds 28,055 shares after this filing.
Bought on the open market — 1,325 shares at $5.99 ($7.9K)
Holds 27,561 shares after this filing.
Reported another kind of transaction — 200 shares
Holds 16,400 shares after this filing.
Bought on the open market — 988 shares at $6.30 ($6.2K)
Holds 25,174 shares after this filing.
Bought on the open market — 150 shares at $6.66 ($999.00)
Holds 25,324 shares after this filing.
Bought on the open market — 153 shares at $6.47 ($989.71)
Holds 25,477 shares after this filing.
Bought on the open market — 152 shares at $6.51 ($989.23)
Holds 25,629 shares after this filing.
Bought on the open market — 152 shares at $6.42 ($975.84)
Holds 25,781 shares after this filing.
Bought on the open market — 152 shares at $6.55 ($995.58)
Holds 25,933 shares after this filing.
Bought on the open market — 152 shares at $6.43 ($977.36)
Holds 26,085 shares after this filing.
Bought on the open market — 151 shares at $6.55 ($989.79)
Holds 26,236 shares after this filing.
Reported another kind of transaction — 100 shares
Holds 16,600 shares after this filing.
Bought on the open market — 150 shares at $6.66 ($999.00)
Holds 23,206 shares after this filing.
Bought on the open market — 980 shares at $6.30 ($6.2K)
Holds 24,186 shares after this filing.
Bought on the open market — 135 shares at $6.64 ($896.40)
Holds 23,056 shares after this filing.
Bought on the open market — 30,000 shares at $6.66 ($199.8K)
Holds 1,630,000 shares after this filing.
Bought on the open market — 16,000 shares at $6.46 ($103.4K)
Holds 1,646,000 shares after this filing.
Bought on the open market — 4,000 shares at $6.29 ($25.2K)
Holds 1,650,000 shares after this filing.
Bought on the open market — 135 shares at $7.25 ($978.08)
Holds 21,990 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue -35.5% · Operating margin −33.4 pts · Gross profit -59.1% — against Q2 FY2025
Signed a material agreement · Completed an acquisition or disposal · Made a Regulation FD disclosure
Read the filingSigned a material agreement · Sold shares outside a public offering · Amended its charter or changed its financial year · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Changed the rights attached to its shares · Amended its charter or changed its financial year · Made a Regulation FD disclosure · Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation · Made a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue -65.1% · Operating margin −173.3 pts · Gross profit -83.0% — against Q1 FY2025
Read the filingSigned a material agreement · Made a Regulation FD disclosure
Read the filingReceived a delisting or listing-standard notice · Amended its charter or changed its financial year · Made a Regulation FD disclosure · Reported another event
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingSigned a material agreement · Had a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue -32.9% · Operating margin +4.0 pts · Profit $22.5M narrower — against FY2024
Read the filingMade a Regulation FD disclosure
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingSigned a material agreement · Changed the rights attached to its shares · Amended its charter or changed its financial year · Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingReported another event
Read the filingReported another event
Read the filingSource: Exhibit 21 of the 10-K filed 2026-03-31. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
Primary sources and further research