Company Analysis

Big Digital Energy, Inc. (BGDE)

Nasdaq: BGDE · Finance Services · Midland, PA · filing with the SEC since 2003
Grade3.4
◀ Past 2.9● Present 3.6▶ Future 3.9
1 est.

The grade of Big Digital Energy, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past2.940% of the headline
● Present3.635% of the headline
▶ Future3.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.5/10

Has it survived what it has been through?

19 warning events since 2017; the latest 2026-04-23.

weight 45% of this tense · 5th percentile among 130 sector filers · read for itself

From the record

Big Digital Energy, Inc.'s filings since 2017 show 19 warning events of 4 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2024-03-29); a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2026-04-23); an auditor change (8-K item 4.01, 6 times, the latest 2023-04-05); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2024-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.5/10

What has it actually done, year after year?

+55% a year over 6 filed years; profitable in 0 of 6.

weight 22% of this tense · 45th percentile among 104 sector filers · read for its customers

From the record

Big Digital Energy, Inc.'s 6 filed years say what it did: revenue went from $4 million in fiscal 2020 to $40 million in fiscal 2025, up 55% a year; it rose in 3 of 5 years; the deepest fall was 53% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span55.0%top 22% of its family
  • the share of years revenue rosebottom 46% of its family
  • the share of filed years with a profitbottom 13% of its family
  • the deepest fall from a revenue peak52.9%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.1/10

How has it treated the people who own it?

SI estimate 5.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 51st percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 49% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Big Digital Energy, Inc.'s shareholder treatment is put at 5.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 49% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.6/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
4.6/10

Is it financially healthy right now?

Leverage 105%: owes 105¢ per asset dollar.

weight 45% of this tense · 46th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Big Digital Energy, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 30 cents per dollar of everything the company owns. Leverage: it owed about 105 cents per dollar of assets, and net share issuance: its share count grew 32.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 7% of its family
  • gross profit against assetstop 13% of its family
  • the share count against the year beforebottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.7/10

How strong is its position in its industry?

bottom 37% of 114 in its family; net margin -59.5%.

weight 33% of this tense · 37th percentile among 114 sector filers · read for its customers

From the record

Big Digital Energy, Inc.'s standing among 114 graded names in its industry family: revenue of $40 million in fiscal 2025 ranks in the bottom 43% by size; a net margin of -59.5% ranks in the top 49%; revenue growth of -22.2% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$39.8Mbottom 43% of its family
  • net margin-59.5%top 49% of its family
  • three-year revenue growth-22.2%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.3/10

What are the people in charge doing?

bottom 13% of 50 in its family for leadership.

weight 22% of this tense · 13th percentile among 50 sector filers · read for its shareholders

From the record

Big Digital Energy, Inc.'s leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 11 officers and directors filing in the last fifteen months have been on the record a median of 12 months (bottom 10%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 16%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 11 peoplebottom 16% of its family
  • the median years the people in charge have filed1.0 yearsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.9/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 39% of 108 in its family for room to expand.

weight 33% of this tense · 39th percentile among 108 sector filers · read for itself

From the record

Big Digital Energy, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $13 million against debt of $25 million leaves -20.7% of its assets as net cash, bottom 7% of its family; cash from operations less capital spending is -17.7% of revenue (top 38%); a gross margin of 43.6% (bottom 48%) (its annual report).

What it rests on

  • cash less debt against assets-20.7%bottom 7% of its family
  • cash from operations less capital spending against revenue-17.7%top 38% of its family
  • gross margin43.6%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.9/10

What could actually drive growth from here?

bottom 19% of 100 in its family for growth drivers.

weight 33% of this tense · 19th percentile among 100 sector filers · read for its customers

From the record

Big Digital Energy, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -22.2% a year over the last three filed years against 55% over all 6, slowing (bottom 8% of its family); the newest year grew -32.9% (bottom 14%); research spending grew -1.2% a year (bottom 49%); capital spending grew -83.3% a year (bottom 4%) (its annual reports). Big Digital Energy, Inc. reported 3 product lines in fiscal 2025: Digital Colocation Revenues at $26 million (66%), Energy Management Revenue at $12 million (30%), Digital Assets Mining Revenue at $2 million (5%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-77.2 points a yearbottom 8% of its family
  • the newest year's revenue growth-32.9%bottom 14% of its family
  • three-year growth of research spending-1.2%bottom 49% of its family
  • three-year growth of capital spending-83.3%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 78 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 78 sector filers · read for its shareholders

From the record

Big Digital Energy, Inc.'s newest year against its own record: revenue of $40 million in fiscal 2025 came in 20% below the $50 million its prior three years' pace pointed to (bottom 32% of its family); net income of $24 million against a prior three-year average of $53 million (top 30%); a net margin of -59.5% against -93% before (top 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-20.0%bottom 32% of its family
  • net income against the prior three years' average+56%top 30% of its family
  • net margin against its prior average+33.5 pointstop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BGDE · research, not advice