NASDAQ : ABTS
Abits Group Inc. — Financial statements
Financials · Capital Markets · Hong Kong
Last price 1.19 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.83M
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Financial statements
Abits Group Inc. (ABTS) reported revenue of 8.33M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 8.33M | 9.13M | 6.71M | 1.68M | 164.43K | 219.33K |
| Cost of Revenue | 6.35M | 5.45M | 3.34M | 455.47K | 361.49K | |
| Gross Profit | 1.97M | 3.68M | 3.38M | 1.23M | -197.06K | 219.33K |
| Selling, General & Admin | 1.91M | 2.55M | 2.09M | 1.47M | 2.50M | |
| Other Operating Expenses | 1.90M | |||||
| Operating Expenses | 5.83M | 6.07M | 4.71M | 1.91M | 8.76M | 3.09M |
| Operating Income | -3.85M | -2.39M | -1.34M | -679.79K | -8.96M | -2.87M |
| Interest Expense | -380.74K | -286.10K | -31.79K | -18.85K | ||
| Other Non Operating Income (Expenses) | -402.14K | 381.67K | 535.12K | 92.11K | -76.68K | 126.29K |
| EBT Excluding Unusual Items | -4.64M | -2.29M | -833.12K | -606.52K | -9.04M | -2.74M |
| Gain (Loss) on Sale of Assets | 143.67K | 1.78K | 34.83K | -83.12K | ||
| Asset Writedown | -474.87K | -474.87K | -11.90M | -12.48M | ||
| Pretax Income | -4.97M | -2.77M | -798.29K | -12.59M | -21.52M | -2.74M |
| Income Tax Expense | 98.61K | 103.28K | 111.37K | |||
| Net Income | -5.07M | -2.87M | -909.66K | -12.59M | -21.52M | -2.74M |
| Net Income to Common | -5.07M | -2.87M | -909.66K | -12.59M | -21.52M | -2.74M |
| Shares Outstanding (Basic) | 2.79M | 2.37M | 2.37M | 2.37M | 2.37M | 1.26M |
| Shares Outstanding (Diluted) | 2.79M | 2.37M | 2.37M | 2.37M | 2.37M | 1.26M |
| EPS (Basic) | -1.81 | -1.21 | -0.38 | -5.31 | -9.08 | -2.17 |
| EPS (Diluted) | -1.81 | -1.21 | -0.38 | -5.31 | -9.08 | -2.17 |
| Free Cash Flow | 761.25K | -1.69M | -679.62K | -7.49M | -38.02M | -1.10M |
| Free Cash Flow Per Share | 0.27 | -0.71 | -0.29 | -3.16 | -16.04 | -0.87 |
| Gross Margin | 23.70% | 40.27% | 50.30% | 72.91% | -119.85% | 100.00% |
| Operating Margin | -46.26% | -26.17% | -19.91% | -40.43% | -5,450.03% | -1,306.77% |
| Profit Margin | -60.82% | -31.43% | -13.55% | -748.44% | -13,087.86% | -1,249.19% |
| Free Cash Flow Margin | 9.14% | -18.48% | -10.13% | -445.70% | -23,124.12% | -502.60% |
| EBITDA | 73.32K | 1.14M | 1.29M | 4.29M | -2.70M | |
| EBITDA Margin | 0.88% | 12.52% | 19.22% | 255.36% | ||
| D&A For EBITDA | 3.93M | 3.53M | 2.63M | 4.97M | 6.26M | |
| EBIT | -3.85M | -2.39M | -1.34M | -679.79K | -8.96M | -2.87M |
| EBIT Margin | -46.26% | -26.17% | -19.91% | -40.43% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 79.01K | 83.84K | 1.12M | 884.20K | 2.51M | 2.51M |
| Cash & Short-Term Investments | 79.01K | 83.84K | 1.12M | 884.20K | 2.51M | 2.51M |
| Accounts Receivable | 23.37K | 229.71K | ||||
| Other Receivables | 814.41K | 2.38M | ||||
| Receivables | 814.41K | 23.37K | 2.38M | 229.71K | ||
| Other Current Assets | 793.48K | 558.71K | 774.35K | |||
| Total Current Assets | 894.42K | 900.68K | 1.68M | 1.66M | 4.89M | 2.74M |
| Property, Plant & Equipment | 6.82M | 8.53M | 9.44M | 9.47M | 12.55M | |
| Other Long-Term Assets | 1.45M | 1.48M | 257.75K | 1.19M | 7.09M | 5.00M |
| Total Assets | 9.16M | 10.91M | 11.37M | 12.32M | 24.53M | 7.74M |
| Accounts Payable | 314.73K | |||||
| Accrued Expenses | 1.05M | 411.06K | 465.29K | 466.91K | 613.46K | 1.17M |
| Current Portion of Long-Term Debt | 1.25M | 1.50M | ||||
| Other Current Liabilities | 532.79K | 525.06K | 538.70K | |||
| Total Current Liabilities | 2.30M | 2.76M | 990.35K | 1.01M | 613.46K | 1.17M |
| Long-Term Debt | 375.00K | |||||
| Total Liabilities | 2.30M | 3.13M | 990.35K | 1.01M | 613.46K | 1.17M |
| Common Stock | 35.55K | 35.55K | 35.55K | 35.55K | 35.55K | 19.55K |
| Additional Paid-In Capital | 91.20M | 89.56M | 89.29M | 89.29M | 89.29M | 49.31M |
| Retained Earnings | -84.22M | -81.67M | -78.80M | -77.89M | -65.31M | -43.79M |
| Comprehensive Income & Other | -160.57K | -143.87K | -146.46K | -124.41K | -104.36K | 1.02M |
| Total Common Equity | 6.85M | 7.78M | 10.38M | 11.31M | 23.91M | 6.56M |
| Shareholders' Equity | 6.86M | 7.78M | 10.38M | 11.31M | 23.92M | 6.57M |
| Total Liabilities & Equity | 9.16M | 10.91M | 11.37M | 12.32M | 24.53M | 7.74M |
| Total Debt | 1.25M | 1.88M | ||||
| Net Cash (Debt) | -1.17M | -1.79M | 1.12M | 884.20K | 2.51M | 2.51M |
| Net Cash Per Share | -0.42 | -0.76 | 0.47 | 0.37 | 1.06 | 1.99 |
| Filing Date Shares Outstanding | 3.21M | 2.96M | 2.37M | 2.37M | 2.37M | 1.30M |
| Total Common Shares Outstanding | 3.21M | 2.37M | 2.37M | 2.37M | 2.37M | 1.30M |
| Working Capital | -1.41M | -1.86M | 687.29K | 652.94K | 4.28M | 1.57M |
| Book Value Per Share | 2.13 | 3.28 | 4.38 | 4.77 | 10.09 | 5.03 |
| Tangible Book Value | 6.85M | 7.78M | 10.38M | 11.31M | 23.91M | 6.56M |
| Tangible Book Value Per Share | 2.13 | 3.28 | 4.38 | 4.77 | 10.09 | 5.03 |
| Land | 1.90M | 1.90M | 1.90M | 1.21M | ||
| Machinery | 13.58M | 13.27M | 10.65M | 8.74M | 18.82M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.07M | -2.87M | -909.66K | -12.59M | -21.52M | -2.74M |
| Depreciation & Amortization | 3.93M | 3.53M | 2.63M | 4.97M | 6.26M | |
| Loss (Gain) From Sale of Assets | 593.06K | |||||
| Asset Writedown & Restructuring Costs | 474.87K | 474.87K | 7.36M | 11.89M | ||
| Stock-Based Compensation | 266.72K | 266.72K | ||||
| Provision & Write-off of Bad Debts | 1.18M | |||||
| Other Operating Activities | 277.12K | 76.68K | ||||
| Change in Accounts Receivable | -431.62K | -418.14K | 215.64K | 2.40M | -3.87M | -46.83K |
| Change in Accounts Payable | 209.21K | 268.23K | -15.26K | -397.51K | -585.48K | 502.40K |
| Change in Other Net Operating Assets | 1.48M | 160.00K | -164.43K | |||
| Operating Cash Flow | 1.14M | 1.41M | 1.92M | 1.76M | -7.32M | -1.10M |
| Capital Expenditures | -379.64K | -3.10M | -2.60M | -9.25M | -30.71M | |
| Divestitures | 128.00 | |||||
| Other Investing Activities | -1.08M | -1.23M | 936.40K | 5.89M | -2.00M | |
| Investing Cash Flow | -1.46M | -4.33M | -1.66M | -3.36M | -32.71M | |
| Long-Term Debt Issued | 3.00M | |||||
| Total Debt Issued | 1.65M | 3.00M | ||||
| Short-Term Debt Repaid | -387.48K | |||||
| Long-Term Debt Repaid | -1.12M | |||||
| Total Debt Repaid | -1.38M | -1.12M | -387.48K | |||
| Net Debt Issued (Repaid) | 270.79K | 1.88M | -387.48K | |||
| Issuance of Common Stock | 40.00M | 3.98M | ||||
| Financing Cash Flow | 270.79K | 1.88M | 40.00M | 3.60M | ||
| Foreign Exchange Rate Adjustments | -14.37K | 2.60K | -22.05K | -20.05K | 20.28K | -5.98K |
| Net Cash Flow | -66.14K | -1.04M | 234.73K | -1.62M | -2.12K | 2.49M |
| Free Cash Flow | 761.25K | -1.69M | -679.62K | -7.49M | -38.02M | -1.10M |
| Free Cash Flow Margin | 9.14% | -18.48% | -10.13% | -445.70% | -23,124.12% | -502.60% |
| Free Cash Flow Per Share | 0.27 | -0.71 | -0.29 | -3.16 | -16.04 | -0.87 |
| Levered Free Cash Flow | 1.10M | -964.11K | -625.11K | -2.71M | -32.76M | -396.81K |
| Unlevered Free Cash Flow | 1.34M | -785.30K | -605.24K | -2.70M | -32.76M | -396.81K |
| Change in Working Capital | 1.26M | 10.09K | 200.38K | 2.00M | -4.62M | 455.57K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.83M | 12.21M | 24.49M | 40.54M | 16.04M | 55.93M |
| Enterprise Value | 5.00M | 14.37M | 24.10M | 39.00M | 10.25M | 52.44M |
| Last Close Price | 1.19 | 5.15 | 10.33 | 17.10 | 6.77 | 42.90 |
| PS Ratio | 0.46 | 1.34 | 3.65 | 24.11 | 97.56 | 254.99 |
| PB Ratio | 0.56 | 1.57 | 2.36 | 3.58 | 0.67 | 8.52 |
| P/TBV Ratio | 0.56 | 1.57 | 2.36 | 3.58 | 0.67 | 8.52 |
| P/OCF Ratio | 3.35 | 8.63 | 12.78 | 23.09 | ||
| EV/Sales Ratio | 0.60 | 1.57 | 3.59 | 23.19 | 62.32 | 239.09 |
| EV/EBITDA Ratio | 68.14 | 12.57 | 18.68 | 9.08 | ||
| Debt / Equity Ratio | 0.18 | 0.24 | ||||
| Debt / EBITDA Ratio | 17.05 | 1.64 | ||||
| Debt / FCF Ratio | 1.64 | |||||
| Net Debt / Equity Ratio | 0.17 | 0.23 | -0.11 | -0.08 | -0.10 | -0.38 |
| Net Debt / EBITDA Ratio | 15.97 | 1.57 | -0.87 | -0.21 | 0.93 | |
| Net Debt / FCF Ratio | 1.54 | -1.06 | 1.65 | 0.12 | 0.07 | 2.27 |
| Asset Turnover | 0.73 | 0.82 | 0.57 | 0.09 | 0.01 | 0.04 |
| Quick Ratio | 0.39 | 0.04 | 1.13 | 0.88 | 7.97 | 2.34 |
| Current Ratio | 0.39 | 0.33 | 1.69 | 1.65 | 7.97 | 2.34 |
| Return on Equity (ROE) | -60.00% | -31.60% | -8.39% | -71.45% | -141.19% | -82.30% |
| Return on Assets (ROA) | -21.25% | -13.40% | -7.05% | -2.31% | -34.71% | -36.08% |
| Return on Capital Employed (ROCE) | -56.20% | -29.30% | -12.90% | -6.00% | -37.50% | -43.60% |
| Earnings Yield | -152.46% | -23.51% | -3.71% | -31.05% | -134.15% | -4.90% |
| FCF Yield | 19.90% | -13.82% | -2.77% | -18.49% | -237.02% | -1.97% |
| Buyback Yield / Dilution | -17.82% | 0.01% | -87.76% | -16.94% |