NASDAQ · Financial Statements

Bit Digital, Inc. - Ordinary Share (BTBT) Financial Statements

$0.84 NASDAQ: BTBT Market Cap $304.66M

Bit Digital, Inc. - Ordinary Share most recently reported annual revenue of $114.0M, a net loss of $80.0M. Revenue grew at an average annual rate of 40.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Bit Digital, Inc. - Ordinary Share: Revenue rose from $4.0M in 2016 to $114.0M in 2025, a change of +2750.0% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from 5.8% to -49.9%, a shift of -55.7 percentage points; the most recent year shows a net loss of $80.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$4.0M$7.0M$8.0M$0$21.0M$96.0M$32.0M$45.0M$164.0M$114.0M
Operating Expenses$3.0M$8.0M$10.0M$2.0M$20.0M$90.0M$139.0M$62.0M$136.0M$170.0M
Operating Profit$0$-1.0M$-2.0M$-2.0M$2.0M$6.0M$-107.0M$-17.0M$28.0M$-57.0M
Operating Margin5.8%-19.5%-24.0%0.0%7.4%6.1%-331.8%-37.0%16.8%-49.9%
Other Income$0$0$0$0$0$-3.0M$1.0M$3.0M$5.0M$-30.0M
Interest$0$0$0$0$0$0$0$0$0$3.0M
Depreciation$0$0$0$0$3.0M$13.0M$28.0M$14.0M$32.0M$42.0M
Profit Before Tax$0$-1.0M$-2.0M$-2.0M$2.0M$3.0M$-106.0M$-14.0M$32.0M$-87.0M
Tax$25.0M$21.4M$24.4M$0$0$135.5M$560,000$-2.0M$12.3M$2.3M
Net Profit$0$-1.0M$-4.0M$-10.0M$-2.0M$-1.0M$-105.0M$-14.0M$28.0M$-80.0M
EPS$0.01$-0.07$-0.24$-0.62$-0.06$-0.02$-1.34$-0.16$0.20$-0.31
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 '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$12.0M$16.0M$30.0M$29.0M$23.0M$82.0M$25.0M$26.0M$30.0M$32.0M$28.0M$32.0M
Operating Expenses$19.0M$20.0M$-17.0M$41.0M$59.0M$53.0M$28.0M$41.0M$55.0M$46.0M$50.0M$47.0M
Operating Profit$-7.0M$-4.0M$47.0M$-12.0M$-37.0M$29.0M$-3.0M$-15.0M$-24.0M$-14.0M$-22.0M$-15.0M
Operating Margin-60.6%-24.4%155.2%-40.0%-161.8%35.2%-12.6%-60.1%-80.1%-42.1%-78.2%-46.7%
Interest$0$0$0$0$0$0$0$0$0$3.0M$5.1B$8.0M
Profit Before Tax$-7.0M$-2.0M$52.0M$-11.0M$-38.0M$30.0M$-57.0M$16.0M$147.0M$-194.0M$-150.0M$-113.0M
Tax$-1.4M$-650,000$3.0M$-4.8M$-1.6M$4.1M$-1.2M$9.7M$470,000$2.6M$-280,000$1.3M
Net Profit$-7.0M$-2.0M$50.0M$-12.0M$-39.0M$29.0M$-58.0M$15.0M$151.0M$-188.0M$-147.0M$-107.0M
EPS$-0.08$-0.02$0.43$-0.09$-0.26$0.20$-0.32$0.07$0.47$-0.58$-0.45$-0.31

Over the 10 years reported for Bit Digital, Inc. - Ordinary Share, cash stood at $122.0M in the latest year, shareholders' equity was $3.0M, current assets covered current liabilities 6.37 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.0M$13.0M$12.0M$5.0M$40.0M$180.0M$100.0M$189.0M$538.0M$1.2B
Current Assets$8.0M$10.0M$6.0M$1.0M$9.0M$97.0M$64.0M$82.0M$297.0M$592.0M
Cash$7.0M$5.0M$2.0M$0$0$42.0M$33.0M$18.0M$95.0M$122.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$1.0M$14.0M$27.0M$34.0M
Fixed Assets$0$0$1.0M$0$30.0M$76.0M$23.0M$92.0M$161.0M$438.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$1.0M$0$0$1.0M$2.0M$51.0M$41.0M$495.0M
Other Assets$0$0$0$0$0$0$0$0$19.0M$20.0M
Total Liabilities$0$0$0$0$2.0M$8.0M$10.0M$37.0M$75.0M$309.0M
Current Liabilities$0$0$0$0$2.0M$5.0M$7.0M$27.0M$55.0M$93.0M
Borrowings$0$0$0$0$0$0$0$6.0M$14.0M$134.0M
Other Liabilities$0$0$0$0$2.0M$8.0M$10.0M$30.0M$61.0M$175.0M
Equity$0$0$0$0$0$1.0M$1.0M$1.0M$2.0M$3.0M
Reserves$8.0M$12.0M$12.0M$4.0M$38.0M$172.0M$90.0M$153.0M$463.0M$724.0M

For Bit Digital, Inc. - Ordinary Share, operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $575.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-1.0M$-2.0M$-5.0M$-1.0M$-3.0M$-23.0M$-8.0M$1.0M$-13.0M$-289.0M
Investing Cash Flow$0$0$-9.0M$-1.0M$-7.0M$-88.0M$-38.0M$-136.0M$-243.0M$-573.0M
Financing Cash Flow$8.0M$0$0$0$0$-4.0M$-2.0M$0$1.0M$0
Net Cash Flow$7.0M$-2.0M$-3.0M$-2.0M$0$42.0M$-8.0M$-16.0M$81.0M$23.0M
Free Cash Flow$-1.0M$-2.0M$-8.0M$-1.0M$-8.0M$-70.0M$-28.0M$-66.0M$-107.0M$-575.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-4.13
FCF Yield-133.66%
Quick Ratio1.51
Interest Coverage0.01
Return 1Y-55.36%
Return 3Y-60.53%
Return 5Y-67.77%

Bit Digital, Inc. - Ordinary Share (BTBT) financials — frequently asked questions

What is Bit Digital, Inc. - Ordinary Share's annual revenue?

Bit Digital, Inc. - Ordinary Share (BTBT) reported annual revenue of $114.0M in its most recent fiscal year.

What is Bit Digital, Inc. - Ordinary Share's net profit?

Bit Digital, Inc. - Ordinary Share (BTBT) reported a net loss of $80.0M in its most recent fiscal year.

What is BTBT EV/EBITDA?

Bit Digital, Inc. - Ordinary Share's enterprise value to EBITDA (EV/EBITDA) ratio is -4.13. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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