NCM · Financial Statements

Abits Group Inc (ABTS) Financial Statements

$1.18 NCM: ABTS Market Cap $3.79M

Abits Group Inc most recently reported annual revenue of $6.0M, a net loss of $1.0M. Revenue grew at an average annual rate of 43.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Abits Group Inc: net profit was positive in 0 of 10 reported years; operating margin moved from -46837.7% to -22.1%, a shift of +46815.5 percentage points; the most recent year shows a net loss of $1.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$0$0$0$0$1.0M$0$0$2.0M$7.0M$6.0M
Operating Expenses$10.0M$11.0M$9.0M$1.0M$1.0M$3.0M$19.0M$13.0M$3.0M$7.0M
Operating Profit$-10.0M$-11.0M$-9.0M$-1.0M$0$-3.0M$-19.0M$-11.0M$3.0M$-1.0M
Operating Margin-46837.7%-11497.5%-2512.0%-143.0%7.7%-1306.8%-11713.5%-655.0%50.3%-22.1%
Other Income$-4.0M$-3.0M$0$0$0$0$-2.0M$-14.0M$-4.0M$1.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$2.0M$1.0M$1.0M$0$0$3.0M$6.0M$5.0M$3.0M$3.0M
Profit Before Tax$-14.0M$-14.0M$-9.0M$-1.0M$0$-3.0M$-22.0M$-13.0M$-1.0M$-1.0M
Tax$360,000$-710,000$0$156.7M$0$0$0$0$-13.9M$-2.4M
Net Profit$-14.0M$-14.0M$-9.0M$0$0$-3.0M$-23.0M$-13.0M$-1.0M$-1.0M
EPS$-12.79$-15.43$-9.57$0.23$0.06$-2.17$-9.56$-5.32$-0.39$-0.27
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '22Dec '22Mar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Jun '25Sep '25
Revenue$0$0$0$0$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M$4.0M$2.0M
Operating Expenses$10.0M$-9.0M$1.0M$4.0M$-1.0M$3.0M$1.0M$1.0M$0$0$5.0M$2.0M
Operating Profit$-10.0M$10.0M$-1.0M$-4.0M$2.0M$-2.0M$0$0$1.0M$1.0M$-1.0M$-1.0M
Operating Margin-15421.6%15323.9%-38643.2%-48172.2%241.1%-102.0%20.4%20.4%86.4%86.4%-15.4%-38.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-10.0M$-10.0M$-2.0M$-4.0M$-5.0M$-9.0M$0$0$0$0$0$0
Tax$0$0$0$0$0$0$0$0$-14.2M$-14.2M$-4.3M$0
Net Profit$-10.0M$-10.0M$-2.0M$-4.0M$-5.0M$-9.0M$0$0$0$0$0$0
EPS$-4.70$-4.70$-0.74$-1.51$-1.92$-3.83$0.00$0.00$-0.19$-0.19$-0.15$-0.12

Over the 10 years reported for Abits Group Inc, borrowings decreased from $3.0M in 2016 to $2.0M in 2025, cash stood at $0 in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.33 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$6.0M$1.0M$0$2.0M$2.0M$8.0M$25.0M$12.0M$11.0M$13.0M
Current Assets$1.0M$0$0$1.0M$2.0M$3.0M$5.0M$2.0M$2.0M$1.0M
Cash$0$0$0$0$0$3.0M$3.0M$1.0M$1.0M$0
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$0$0$0$1.0M$2.0M$0$2.0M$1.0M$0$0
Fixed Assets$2.0M$1.0M$0$0$0$0$13.0M$9.0M$9.0M$10.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$1.0M$0$0$0$0$7.0M$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$6.0M$4.0M$11.0M$1.0M$2.0M$1.0M$1.0M$1.0M$1.0M$3.0M
Current Liabilities$6.0M$4.0M$11.0M$1.0M$2.0M$1.0M$1.0M$1.0M$1.0M$3.0M
Borrowings$3.0M$2.0M$7.0M$0$0$0$0$0$0$2.0M
Other Liabilities$3.0M$2.0M$3.0M$1.0M$2.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$0$-3.0M$-10.0M$0$0$7.0M$24.0M$11.0M$10.0M$10.0M

For Abits Group Inc, operating cash flow was positive in 3 of 10 reported years; free cash flow in the latest year was negative at $3.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-8.0M$-9.0M$-6.0M$-1.0M$-2.0M$-1.0M$-7.0M$2.0M$2.0M$1.0M
Investing Cash Flow$-1.0M$0$0$0$0$0$-65.0M$-13.0M$-2.0M$-9.0M
Financing Cash Flow$0$0$0$0$0$0$0$0$0$0
Net Cash Flow$-2.0M$0$0$0$0$2.0M$0$-2.0M$0$-1.0M
Free Cash Flow$-8.0M$-9.0M$-6.0M$-1.0M$-2.0M$-1.0M$-40.0M$-7.0M$-1.0M$-3.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.04
EV / EBITDA3.21
FCF Yield-83.20%
Quick Ratio0.18
Interest Coverage-6.90
Return 1Y-76.31%
Return 3Y25.39%
Return 5Y-95.36%

Abits Group Inc (ABTS) financials — frequently asked questions

What is Abits Group Inc's annual revenue?

Abits Group Inc (ABTS) reported annual revenue of $6.0M in its most recent fiscal year.

What is Abits Group Inc's net profit?

Abits Group Inc (ABTS) reported a net loss of $1.0M in its most recent fiscal year.

What is ABTS EV/EBITDA?

Abits Group Inc's enterprise value to EBITDA (EV/EBITDA) ratio is 3.21.

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