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BGDE — Nasdaq Software

Big Digital Energy, Inc.

$8,15
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Mcap
43,2M USD
P/E
—
EV / Rev
1,7x
Div yield
—
Op margin
-48,5 %
ROE
-544,6 %
Net margin
-59,5 %
Debt / equity
6,10
Beta
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52w range
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Volume
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Day range
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Prev close
$8,15
Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

Big Digital Energy, Inc. operates digital infrastructure platforms and data centers with approximately 129 megawatts of capacity in the PJM Energy Market, generating revenue from digital colocation and related services.

Business. Big Digital Energy, Inc. (BGDE) is a software company that develops application software and operates on a subscription-based revenue model. The firm is headquartered in the United States and is listed on the Nasdaq stock exchange. As specific operating segment and geographic data are not provided, the company is described at the industry level within the Software & IT Services sector.

Classification66 %
SectorTechnology
Business sectorSoftware & IT Services
IndustrySoftware
ActivityApplication Software
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
35
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
Geode Capital Management, L.L.C.
largest disclosed fund holder
Profitability→
-544,6 %
return on equity
Quality→
60
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning BGDE.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,6 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,5 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to BGDE. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Peers
    • EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · ServiceNow (NOW)
    • EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Score breakdown35
    Valuation+12
    Profitability+9
    Sentiment+30
    Risk penalty−16
    Missing signals−1

    Synthesis

    Business

    Big Digital Energy, Inc. (BGDE) is a software company that develops application software and operates on a subscription-based revenue model. The firm is headquartered in the United States and is listed on the Nasdaq stock exchange. As specific operating segment and geographic data are not provided, the company is described at the industry level within the Software & IT Services sector.

    Classification66 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustrySoftware
    ActivityApplication Software
    AI synthesis
    GENERATED

    Big Digital Energy presents a capital structure characterized by extreme leverage and acute liquidity constraints. The company reports total liabilities of $44.0 million against total equity of $4.3 million, resulting in a debt-to-equity ratio of 6.1. Short-term debt stands at $26.5 million, significantly exceeding cash and equivalents of $2.4 million, which drives a negative net cash position. The current ratio of 0.47 indicates that current liabilities exceed current assets, creating immediate solvency pressure. Operating cash flow is deeply negative at -$17.1 million, and free cash flow mirrors this at -$17.2 million, highlighting an inability to self-fund operations or debt service from internal generation.

    Profitability metrics are distorted by significant operating losses despite a positive net income figure. Operating income is -$8.1 million, while gross profit is only $1.0 million on revenue of $4.8 million, implying a gross margin of approximately 21%. Return on equity is -5.45, and return on assets is -0.49, reflecting the erosion of shareholder value and inefficient asset utilization. The net income of $0.6 million appears to be driven by non-operating items or accounting adjustments rather than core business performance, given the substantial operating deficit.

    Key takeaways
    • Extreme leverage with a debt-to-equity ratio of 6.1 and a current ratio of 0.47 signals acute liquidity risk.
    • Operating cash flow of -$17.1 million and negative free cash flow indicate an inability to self-fund operations.
    • Going-concern language in filings raises substantial doubt about the company’s ability to continue as a going concern.
    • Diluted share count significantly exceeds basic share count, highlighting high dilution risk from potential equity issuances.
    • Revenue of $4.8 million in Q1 2026 is insufficient to cover operating expenses, resulting in an operating loss of -$8.1 million.
    • Strategic reliance on the PJM Energy Market and digital colocation services concentrates operational and regulatory risk.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Revenue $4.8M; Operating income -$8.2M.

    Revenue$4.8M
    Operating income-$8.2M
    Net income$609.8k
    Free cash flow-$17.2M
    EPS—
    Operating cash flow-$17.1M
    Financials
    Income statement
    Revenue$4.8M
    Gross profit$1.0M
    Operating income-$8.2M
    Net income$609.8k
    Margins
    Gross margin20.9%
    Operating margin-169.1%
    Net margin12.7%
    FCF margin-356.1%
    Balance sheet
    Total assets$48.4M
    Total liabilities$44.0M
    Total equity$4.3M
    Cash & equivalents$2.4M
    Long-term debt—
    Cash flow
    Operating cash flow-$17.1M
    CapEx$31.7k
    Free cash flow-$17.2M
    SBC$426.4k
    P&L flow · revenue → net income
    Revenue $4.8MOperating costs $13.0MNet income $609.8k
    Highlights
    • ▍Revenue $4.8M
    • ▍Operating income -$8.2M
    • ▍Net margin 12.7%

    Valuation FY

    Market price
    $8,15
    Market cap
    $43.2M
    Enterprise valueⓘ
    $67.2M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    1.7x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    9.9x
    P / Tangible bookⓘ
    9.9x
    Tangible book
    $4.3M
    Net cashⓘ
    -$24.1M
    Current ratioⓘ
    0.5
    Debt / equityⓘ
    6.1
    ROAⓘ
    -48.9%
    ROEⓘ
    -5.4%
    Cash conversionⓘ
    29.0%
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
    22.6%
    Dilution ratioⓘ
    46.4%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships3 disclosed relationships · 1 type · extracted from filings & disclosures
    Competitors3
    MICROSOFT CORPORATIONMSFT.OCompetitor50%
    Salesforce IncCRM.OCompetitor50%
    Servicenow IncNOW.OCompetitor50%

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskHigh
    Liquidity riskHigh
    Filing-based flags
    • Diluted share count is materially above the basic share count.
    • Current liabilities exceed current assets.
    • Net cash is negative after subtracting total debt.
    • Filings reference going-concern or substantial-doubt language.
    • Source documents mention dilution or offering risk.

    Benchmarks vs cohort

    Op Margin-48,5 %Bottom quartile
    Net Margin-59,5 %Bottom quartile
    ROE-544,6 %Bottom quartile
    D/E6,10Bottom quartile
    Cash Conv0,29Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net acquired 138 920 sh5 exercises · 3 grants3 insiders
    • Saloom KalisteSee Remarks · Restricted Stock Units → Common StockDisposed 11 962exercise · 2026-04-06
    • Saloom KalisteSee Remarks · Restricted Stock Units → Common StockDisposed 5 403exercise · 2026-04-06
    • REGAN WILLIAM CChief Financial Officer · Restricted Stock Units → Common StockDisposed 23 923exercise · 2026-04-06
    • Saloom KalisteSee Remarks · Restricted Stock Units → Common StockDisposed 4 099exercise · 2026-01-05
    • REGAN WILLIAM CChief Financial Officer · Restricted Stock Units → Common StockDisposed 8 197exercise · 2026-01-05
    • Saloom KalisteInterim CEO, GC & CS · Restricted Stock Units → Common StockAcquired 11 962grant · 2025-12-18
    • REGAN WILLIAM CChief Financial Officer · Restricted Stock Units → Common StockAcquired 23 923grant · 2025-12-18
    • Schellenger Kathryn YinglingDirector · Restricted Stock Units → Common StockAcquired 156 619grant · 2025-11-07

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Enterprise Value
      market_cap - net_cash
    • Return On Assets
      net_income / total_assets
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • Big Digital Energy, Inc. company facts · 2026-07-07
    • Big Digital Energy, Inc. 10-Q 2026-05-14 · 2026-07-07
    • Big Digital Energy, Inc. 10-K 2026-03-31 · 2026-07-07
    • Big Digital Energy, Inc. 10-Q 2025-11-14 · 2026-07-07
    • Big Digital Energy, Inc. 10-Q 2025-08-14 · 2026-07-07
    • 8-K (sec_8k_material) on BGDE · 2026-07-07

    Ownership & reference

    Top holders

    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M

    Leadership

    • Joshua KilgoreExecutive Chairman of the Board

    Insider activity

    Net buying51 buys · 0 sellsnet $24,5M7 insiders · last 365d
    • Endeavor Blockchain, LLC10% owner · Series D Convertible Preferred StockBought 16 700 @ $1 000,00$16,7M · 2026-06-30
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 25 776 @ $7,33$189K · 2026-06-12
    • Hough LisaDirector · Common StockBought 1 000 @ $7,46$7K · 2026-06-12
    • Morrison Daniel JDirector · Common StockBought 3 021 @ $7,50$23K · 2026-06-12
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 8 @ $7,62$61 · 2026-06-12
    • Danges Kyle B.Director · Common StockBought 500 @ $6,72$3K · 2026-06-11
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 24 224 @ $6,99$169K · 2026-06-11
    • Danges Kyle B.Director · Common StockBought 1 227 @ $7,13$9K · 2026-06-11
    • Danges Kyle B.Director · Common StockBought 273 @ $7,05$2K · 2026-06-11
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 9 662 @ $7,19$69K · 2026-06-11
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 10 000 @ $7,05$70K · 2026-06-11
    • Davis RodgerDirector · Common StockBought 2 000 @ $7,04$14K · 2026-06-11
    • Danges Kyle B.Director · Common StockBought 1 000 @ $6,75$7K · 2026-06-11
    • REGAN WILLIAM CChief Financial Officer · Common StockOther 23 923 · 2026-04-06
    • Saloom KalisteSee Remarks · Common StockOther 17 365 · 2026-04-06
    • REGAN WILLIAM CChief Financial Officer · Common StockOther 8 183 @ $2,59$21K · 2026-04-06
    • Saloom KalisteSee Remarks · Common StockOther 5 604 @ $2,59$15K · 2026-04-06
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 40 000 @ $4,57$183K · 2026-01-28
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 2 100 @ $4,62$10K · 2026-01-28
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 60 000 @ $4,84$290K · 2026-01-26
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 140 000 @ $4,68$655K · 2026-01-16
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 22 018 @ $4,54$100K · 2026-01-12
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 160 000 @ $4,56$730K · 2026-01-09
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 100 000 @ $4,52$452K · 2026-01-07
    • Endeavor Blockchain, LLC10% owner · Common SharesBought 10 000 @ $4,46$45K · 2026-01-06

    Short positioning

    191.7Kshares short+8.9% vs prior
    1.51days to cover
    34.6%short of daily vol
    2.5Kfails-to-deliver
    as of 2026-06-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    BGDECanonical
    Nasdaq · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskHigh
    Liquidity riskHigh
    Diluted share count is materially above the basic share count.
    Current liabilities exceed current assets.
    Net cash is negative after subtracting total debt.
    Filings reference going-concern or substantial-doubt language.
    Relationship graph
    BGDEMSFTCRMNOWSoftware
    This companyPeerSector

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage