NASDAQ : BTBT
Bit Digital, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 0.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 288.40M
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Financial statements
Bit Digital, Inc. (BTBT) reported revenue of 121.27M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 121.27M | 112.06M | 107.50M | 44.92M | 32.30M | 96.08M |
| Revenue | 121.27M | 112.06M | 107.50M | 44.92M | 32.30M | 96.08M |
| Cost of Revenue | 52.06M | 52.39M | 62.38M | 29.56M | 20.37M | 30.74M |
| Gross Profit | 69.21M | 59.68M | 45.12M | 15.36M | 11.92M | 65.34M |
| Selling, General & Admin | 103.22M | 80.96M | 41.51M | 27.67M | 20.88M | 39.15M |
| Other Operating Expenses | 197.79M | 35.22M | -55.71M | -12.16M | 18.11M | 7.18M |
| Operating Expenses | 342.49M | 153.00M | 18.11M | 29.94M | 66.82M | 59.45M |
| Operating Income | -273.28M | -93.33M | 27.01M | -14.58M | -54.90M | 5.89M |
| Interest Expense | -16.24M | -3.09M | ||||
| Interest & Investment Income | 4.17M | 3.60M | 2.75M | |||
| Other Non Operating Income (Expenses) | -12.03M | 13.60M | 1.76M | 3.16M | -1.17M | 702.41K |
| EBT Excluding Unusual Items | -299.09M | -79.23M | 31.52M | -11.42M | -56.07M | 6.59M |
| Gain (Loss) on Sale of Investments | 300.92K | 924.00 | 8.22K | 1.04M | ||
| Gain (Loss) on Sale of Assets | -5.55M | -7.71M | 761.88K | -165.16K | 1.41M | -3.75M |
| Asset Writedown | -5.01M | -50.04M | ||||
| Legal Settlements | -2.10M | |||||
| Other Unusual Items | -2.04M | -129.84K | ||||
| Pretax Income | -309.34M | -86.94M | 32.28M | -13.61M | -105.89M | 2.85M |
| Income Tax Expense | -5.31M | -2.01M | 3.98M | 279.04K | -592.85K | 3.86M |
| Earnings From Continuing Operations | -304.03M | -84.93M | 28.31M | -13.89M | -105.30M | -1.01M |
| Net Income to Company | -304.03M | -84.93M | 28.31M | -13.89M | -105.30M | -1.01M |
| Minority Interest in Earnings | 12.68M | 4.61M | ||||
| Net Income | -291.36M | -80.32M | 28.31M | -13.89M | -105.30M | -1.01M |
| Net Income to Common | -292.16M | -80.32M | 28.31M | -13.89M | -105.30M | -1.01M |
| Shares Outstanding (Basic) | 329.70M | 257.88M | 140.35M | 87.53M | 78.61M | 55.44M |
| Shares Outstanding (Diluted) | 329.70M | 257.88M | 141.51M | 87.53M | 78.61M | 55.44M |
| EPS (Basic) | -0.89 | -0.31 | 0.20 | -0.16 | -1.34 | -0.02 |
| EPS (Diluted) | -0.89 | -0.31 | 0.19 | -0.16 | -1.34 | -0.02 |
| Free Cash Flow | -760.75M | -574.85M | -106.99M | -65.55M | -27.83M | -64.19M |
| Free Cash Flow Per Share | -2.31 | -2.23 | -0.76 | -0.75 | -0.35 | -1.16 |
| Gross Margin | 57.07% | 53.25% | 41.97% | 34.20% | 36.91% | 68.01% |
| Operating Margin | -225.35% | -83.28% | 25.13% | -32.46% | -169.98% | 6.13% |
| Profit Margin | -240.91% | -71.67% | 26.33% | -30.93% | -326.03% | -1.05% |
| Free Cash Flow Margin | -627.30% | -512.97% | -99.52% | -145.95% | -86.17% | -66.81% |
| EBITDA | -231.81M | -56.51M | 59.32M | -151.49K | -27.07M | 19.00M |
| EBITDA Margin | -191.15% | -50.43% | 55.18% | -0.34% | -83.81% | 19.78% |
| D&A For EBITDA | 41.48M | 36.82M | 32.31M | 14.43M | 27.83M | 13.11M |
| EBIT | -273.28M | -93.33M | 27.01M | -14.58M | -54.90M | 5.89M |
| EBIT Margin | -225.35% | -83.28% | 25.13% | -32.46% | -169.98% | 6.13% |
| Effective Tax Rate | 12.32% | 135.48% | ||||
| Revenue as Reported | 122.84M | 113.56M | 108.05M | 44.92M | 32.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 83.56M | 118.36M | 95.20M | 16.86M | 32.69M | 42.40M |
| Cash & Short-Term Investments | 83.56M | 118.36M | 95.20M | 16.86M | 32.69M | 42.40M |
| Accounts Receivable | 25.82M | 28.18M | 7.81M | |||
| Other Receivables | 6.16M | 5.40M | 6.31M | 13.86M | 736.45K | |
| Receivables | 32.37M | 33.98M | 14.12M | 13.86M | 736.45K | |
| Prepaid Expenses | 8.95M | 10.60M | 19.05M | 1.48M | 672.35K | |
| Restricted Cash | 4.31M | 3.86M | 3.73M | 1.32M | 1.32M | |
| Other Current Assets | 116.26M | 426.96M | 164.75M | 49.83M | 28.98M | 47.92M |
| Total Current Assets | 245.45M | 593.75M | 296.86M | 83.35M | 64.40M | 90.32M |
| Property, Plant & Equipment | 684.50M | 384.90M | 122.27M | 87.69M | 22.61M | 32.49M |
| Long-Term Investments | 47.89M | 69.12M | 30.80M | 4.37M | 1.79M | 1.00M |
| Goodwill | 19.40M | 20.15M | 19.38M | |||
| Other Intangible Assets | 12.00M | 12.82M | 13.03M | |||
| Long-Term Accounts Receivable | 8.38M | 9.69M | 6.78M | |||
| Long-Term Deferred Tax Assets | 7.56M | 2.58M | 89.25K | 58.08K | ||
| Long-Term Deferred Charges | 22.10M | 22.97M | 982.04K | 1.88M | ||
| Other Long-Term Assets | 188.62M | 58.45M | 47.66M | 11.63M | 11.63M | 49.81M |
| Total Assets | 1.24B | 1.17B | 538.25M | 189.33M | 100.42M | 173.68M |
| Accounts Payable | 14.32M | 8.87M | 3.42M | 2.32M | 3.63M | 2.61M |
| Accrued Expenses | 12.30M | 13.70M | 1.60M | |||
| Short-Term Debt | 69.44M | |||||
| Current Portion of Leases | 5.46M | 18.46M | 4.53M | 1.86M | ||
| Current Income Taxes Payable | 367.00K | 1.55M | 1.60M | 50.97K | 559.77K | |
| Current Unearned Revenue | 17.91M | 8.00M | 30.70M | 13.07M | ||
| Other Current Liabilities | 33.72M | 42.37M | 13.19M | 9.78M | 3.81M | 1.88M |
| Total Current Liabilities | 162.50M | 92.95M | 55.03M | 27.08M | 7.44M | 5.04M |
| Long-Term Debt | 361.62M | 110.29M | ||||
| Long-Term Leases | 10.23M | 5.42M | 9.28M | 4.35M | ||
| Long-Term Unearned Revenue | 125.20M | 71.55M | 73.49K | |||
| Long-Term Deferred Tax Liabilities | 13.95M | 6.49M | 6.41M | 112.25K | 462.37K | |
| Other Long-Term Liabilities | 30.25M | 22.46M | 3.98M | 5.08M | 3.04M | 2.77M |
| Total Liabilities | 703.76M | 309.16M | 74.77M | 36.62M | 10.49M | 8.27M |
| Common Stock | 3.55M | 3.24M | 1.79M | 1.07M | 824.86K | 695.91K |
| Additional Paid-In Capital | 818.22M | 890.07M | 553.58M | 290.66M | 212.65M | 182.87M |
| Retained Earnings | -433.21M | -178.53M | -98.21M | -146.91M | -131.42M | -26.12M |
| Treasury Stock | -1.17M | -1.17M | -1.17M | -1.17M | -1.17M | -1.09M |
| Comprehensive Income & Other | -1.28M | 1.33M | -1.57M | |||
| Total Common Equity | 386.11M | 714.94M | 454.43M | 143.65M | 80.88M | 156.35M |
| Minority Interest | 136.97M | 141.27M | ||||
| Shareholders' Equity | 532.13M | 865.26M | 463.48M | 152.70M | 89.93M | 165.40M |
| Total Liabilities & Equity | 1.24B | 1.17B | 538.25M | 189.33M | 100.42M | 173.68M |
| Total Debt | 455.74M | 134.17M | 13.81M | 6.22M | ||
| Net Cash (Debt) | -372.19M | -15.81M | 81.40M | 10.64M | 32.69M | 42.40M |
| Net Cash Per Share | -1.13 | -0.06 | 0.58 | 0.12 | 0.42 | 0.76 |
| Filing Date Shares Outstanding | 360.50M | 326.58M | 182.44M | 107.29M | 82.36M | 73.07M |
| Total Common Shares Outstanding | 354.80M | 324.19M | 179.13M | 107.29M | 82.36M | 69.59M |
| Working Capital | 82.95M | 500.80M | 241.83M | 56.26M | 56.95M | 85.27M |
| Book Value Per Share | 1.09 | 2.21 | 2.54 | 1.34 | 0.98 | 2.25 |
| Tangible Book Value | 354.71M | 681.98M | 422.02M | 143.65M | 80.88M | 156.35M |
| Tangible Book Value Per Share | 1.00 | 2.10 | 2.36 | 1.34 | 0.98 | 2.25 |
| Land | 11.52M | 6.51M | 3.50M | |||
| Machinery | 154.75M | 178.70M | 76.11M | 235.58K | ||
| Construction In Progress | 484.59M | 157.04M | 24.60M | 51.03M | ||
| Leasehold Improvements | 4.04M | 30.09M | 2.03M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -291.36M | -80.32M | 28.31M | -13.89M | -105.30M | -1.01M |
| Depreciation & Amortization | 47.28M | 41.72M | 35.11M | 14.43M | 27.83M | 13.11M |
| Loss (Gain) From Sale of Assets | -5.55M | -3.39M | 1.84M | 165.16K | -1.41M | 3.75M |
| Asset Writedown & Restructuring Costs | 5.01M | 50.04M | ||||
| Loss (Gain) From Sale of Investments | 31.74M | 11.39M | -757.24K | -494.00K | -494.59K | |
| Loss (Gain) on Equity Investments | 7.70K | |||||
| Stock-Based Compensation | 37.06M | 24.58M | 9.88M | 9.12M | 2.26M | 21.91M |
| Provision & Write-off of Bad Debts | 2.44M | 228.69K | ||||
| Other Operating Activities | 141.66M | -22.72M | -121.47M | -56.46M | -13.85M | -88.49M |
| Change in Accounts Receivable | -19.13M | -18.75M | -4.67M | |||
| Change in Accounts Payable | 12.91M | 6.74M | 3.50M | 692.85K | 3.16M | 21.55M |
| Change in Unearned Revenue | 131.40M | 48.75M | 17.22M | 13.07M | ||
| Change in Income Taxes | -1.57M | -48.43K | 1.54M | 939.62K | -1.02M | 3.33M |
| Change in Other Net Operating Assets | -368.51M | -294.55M | 14.21M | 33.42M | 30.27M | 8.51M |
| Operating Cash Flow | -277.25M | -288.92M | -12.99M | 1.11M | -8.50M | -17.35M |
| Capital Expenditures | -483.50M | -285.93M | -94.00M | -66.66M | -19.33M | -46.84M |
| Sale of Property, Plant & Equipment | 27.68M | 2.11M | 772.39K | 1.08M | ||
| Cash Acquisitions | -1.59M | -1.59M | -38.97M | |||
| Divestitures | 176.00K | -59.70K | ||||
| Investment in Securities | 400.00 | -2.00M | -17.00M | -2.10M | -293.33K | |
| Other Investing Activities | 5.77M | |||||
| Investing Cash Flow | -451.63M | -287.42M | -149.02M | -69.16M | -18.61M | -46.84M |
| Long-Term Debt Issued | 143.71M | 1.28M | ||||
| Total Debt Issued | 469.26M | 143.71M | 1.28M | |||
| Short-Term Debt Repaid | -12.00K | |||||
| Long-Term Debt Repaid | -92.12K | |||||
| Total Debt Repaid | -12.69M | -92.12K | -12.00K | |||
| Net Debt Issued (Repaid) | 456.57M | 143.62M | 1.27M | |||
| Issuance of Common Stock | 150.48M | 312.01M | 242.86M | 53.82M | 21.01M | 109.21M |
| Repurchase of Common Stock | -76.82K | -1.09M | ||||
| Preferred Dividends Paid | -800.00K | -800.00K | -1.60M | |||
| Dividends Paid | -800.00K | -800.00K | -1.60M | |||
| Other Financing Activities | 24.25M | 144.25M | -2.22M | -3.20M | ||
| Financing Cash Flow | 630.50M | 599.08M | 242.86M | 52.22M | 18.71M | 106.19M |
| Foreign Exchange Rate Adjustments | 1.35M | 539.71K | -95.26K | |||
| Net Cash Flow | -97.03M | 23.28M | 80.75M | -15.83M | -8.39M | 41.99M |
| Free Cash Flow | -760.75M | -574.85M | -106.99M | -65.55M | -27.83M | -64.19M |
| Free Cash Flow Margin | -627.30% | -512.97% | -99.52% | -145.95% | -86.17% | -66.81% |
| Free Cash Flow Per Share | -2.31 | -2.23 | -0.76 | -0.75 | -0.35 | -1.16 |
| Levered Free Cash Flow | -560.19M | -528.64M | -142.02M | -69.23M | -4.94M | -44.26M |
| Unlevered Free Cash Flow | -554.26M | -526.70M | -142.02M | -69.23M | -4.94M | -44.26M |
| Cash Income Tax Paid | 1.66M | 665.48K | 131.91K | -632.82K | 734.20K | 125.00K |
| Change in Working Capital | -249.75M | -260.41M | 34.11M | 48.24M | 32.42M | 33.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 288.40M | 611.50M | 432.65M | 383.91M | 49.41M | 421.75M |
| Enterprise Value | 660.59M | 622.78M | 349.83M | 372.15M | 26.20M | 404.34M |
| Last Close Price | 0.80 | 1.89 | 2.93 | 4.23 | 0.60 | 6.08 |
| PE Ratio | 15.29 | |||||
| Forward PE | 63.00 | 167.43 | 10.07 | 10.07 | 6.95 | |
| PS Ratio | 2.38 | 5.46 | 4.03 | 8.55 | 1.53 | 4.39 |
| PB Ratio | 0.74 | 0.71 | 0.93 | 2.51 | 0.55 | 2.55 |
| P/TBV Ratio | 0.81 | 0.90 | 1.02 | 2.67 | 0.61 | 2.70 |
| P/OCF Ratio | 347.24 | |||||
| EV/Sales Ratio | 5.45 | 5.56 | 3.25 | 8.29 | 0.81 | 4.21 |
| EV/EBITDA Ratio | 5.90 | 21.28 | ||||
| EV/EBIT Ratio | 12.95 | 68.64 | ||||
| Debt / Equity Ratio | 0.86 | 0.15 | 0.03 | 0.04 | ||
| Debt / EBITDA Ratio | 0.18 | |||||
| Net Debt / Equity Ratio | 0.70 | 0.02 | -0.18 | -0.07 | -0.36 | -0.26 |
| Net Debt / EBITDA Ratio | -1.61 | -0.28 | -1.37 | 70.27 | 1.21 | -2.23 |
| Net Debt / FCF Ratio | -0.49 | -0.03 | 0.76 | 0.16 | 1.18 | 0.66 |
| Asset Turnover | 0.12 | 0.13 | 0.30 | 0.31 | 0.24 | 0.90 |
| Quick Ratio | 0.71 | 1.64 | 1.99 | 1.13 | 4.49 | 8.40 |
| Current Ratio | 1.51 | 6.39 | 5.39 | 3.08 | 8.65 | 17.90 |
| Return on Equity (ROE) | -52.18% | -12.78% | 9.19% | -11.45% | -82.48% | -0.99% |
| Return on Assets (ROA) | -17.44% | -6.81% | 4.64% | -6.29% | -25.04% | 3.45% |
| Return on Invested Capital (ROIC) | -30.41% | -14.78% | 9.04% | -14.63% | -60.91% | -2.60% |
| Return on Capital Employed (ROCE) | -25.50% | -8.60% | 5.60% | -9.00% | -59.00% | 3.50% |
| Earnings Yield | -110.77% | -13.13% | 6.54% | -3.62% | -213.10% | -0.24% |
| FCF Yield | -263.78% | -94.01% | -24.73% | -17.08% | -56.32% | -15.22% |
| Buyback Yield / Dilution | -86.44% | -82.24% | -61.66% | -11.35% | -41.80% | -81.23% |