NASDAQ : BTCT
BTC Digital Ltd. — Financial statements
Technology · Computer Hardware · Singapore
Last price 0.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 8.38M
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Financial statements
BTC Digital Ltd. (BTCT) reported revenue of 14.04M 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 | 14.04M | 14.04M | 11.68M | 9.07M | 11.83M | |
| Cost of Revenue | 17.20M | 17.20M | 11.56M | 10.21M | 10.06M | |
| Gross Profit | -3.16M | -3.16M | 115.00K | -1.14M | 1.77M | |
| Selling, General & Admin | 5.65M | 5.65M | 2.79M | 1.35M | 721.00K | 1.06M |
| Operating Expenses | 5.65M | 5.65M | 2.79M | 1.35M | 721.00K | 1.06M |
| Operating Income | -8.81M | -8.81M | -2.68M | -2.48M | 1.05M | -1.06M |
| Interest Expense | -62.00K | -62.00K | -48.00K | -63.00K | -20.00K | |
| Interest & Investment Income | 191.00K | 191.00K | 1.00K | 5.35K | ||
| Earnings From Equity Investments | 91.00K | 91.00K | 75.00K | 12.00K | 12.00K | |
| Currency Exchange Gain (Loss) | 173.00K | -845.95K | ||||
| Other Non Operating Income (Expenses) | -472.00K | -472.00K | 662.00K | -293.00K | -245.00K | |
| EBT Excluding Unusual Items | -9.06M | -9.06M | -1.99M | -2.82M | 967.00K | -1.91M |
| Pretax Income | -9.06M | -9.06M | -1.99M | -2.82M | 967.00K | -1.91M |
| Earnings From Continuing Operations | -9.06M | -9.06M | -1.99M | -2.82M | 967.00K | -1.91M |
| Earnings From Discontinued Operations | 4.67M | -58.90M | ||||
| Net Income to Company | -9.06M | -9.06M | -1.99M | -2.82M | 5.64M | -60.81M |
| Minority Interest in Earnings | 2.05M | 314.52K | ||||
| Net Income | -9.06M | -9.06M | -1.99M | -2.82M | 7.69M | -60.49M |
| Net Income to Common | -9.06M | -9.06M | -1.99M | -2.82M | 7.69M | -60.49M |
| Shares Outstanding (Basic) | 8.22M | 8.22M | 3.02M | 1.49M | 682.78K | 22.73K |
| Shares Outstanding (Diluted) | 8.22M | 8.22M | 3.02M | 1.49M | 682.78K | 22.73K |
| EPS (Basic) | -1.10 | -1.10 | -0.66 | -1.89 | 11.26 | -2,662.04 |
| EPS (Diluted) | -1.10 | -1.10 | -0.66 | -1.89 | 11.26 | -2,662.04 |
| Free Cash Flow | -13.78M | -13.78M | -1.19M | 1.31M | -39.92M | -83.80M |
| Free Cash Flow Per Share | -1.68 | -1.68 | -0.39 | 0.88 | -58.47 | -3,687.60 |
| Gross Margin | -22.50% | -22.50% | 0.98% | -12.51% | 14.94% | |
| Operating Margin | -62.74% | -62.74% | -22.94% | -27.35% | 8.85% | |
| Profit Margin | -64.53% | -64.53% | -17.04% | -31.13% | 64.96% | |
| Free Cash Flow Margin | -98.12% | -98.12% | -10.17% | 14.41% | -337.43% | |
| EBITDA | -4.67M | -4.67M | 993.00K | 670.00K | 5.22M | 4.90M |
| EBITDA Margin | -33.25% | -33.25% | 8.51% | 7.38% | 44.15% | |
| D&A For EBITDA | 4.14M | 4.14M | 3.67M | 3.15M | 4.18M | 5.96M |
| EBIT | -8.81M | -8.81M | -2.68M | -2.48M | 1.05M | -1.06M |
| EBIT Margin | -62.74% | -62.74% | -22.94% | -27.35% | 8.85% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 350.00K | 350.00K | 14.90M | 43.00K | 48.00K | 26.51M |
| Short-Term Investments | 3.39M | 3.39M | 1.18M | 328.00K | 766.00K | |
| Cash & Short-Term Investments | 3.74M | 3.74M | 16.08M | 371.00K | 814.00K | 26.51M |
| Accounts Receivable | 6.22M | 6.22M | 5.48M | 5.49M | 8.90M | |
| Other Receivables | 638.00K | 638.00K | 200.00K | |||
| Receivables | 6.86M | 6.86M | 5.68M | 5.49M | 8.90M | |
| Other Current Assets | 8.69M | 8.69M | 2.79M | 3.09M | 4.34M | 34.84M |
| Total Current Assets | 19.30M | 19.30M | 24.55M | 8.94M | 14.06M | 61.35M |
| Property, Plant & Equipment | 16.32M | 16.32M | 12.55M | 12.70M | 13.40M | |
| Long-Term Investments | 4.31M | 4.31M | 4.02M | 2.90M | 2.88M | |
| Other Long-Term Assets | 78.02M | |||||
| Total Assets | 39.92M | 39.92M | 41.13M | 24.54M | 30.34M | 139.37M |
| Accounts Payable | 115.00K | 128.00K | 3.46M | |||
| Accrued Expenses | 261.00K | 261.00K | 121.00K | |||
| Short-Term Debt | 2.17M | 2.17M | 484.00K | 125.00K | 870.00K | |
| Current Portion of Leases | 49.00K | 49.00K | 49.00K | |||
| Current Unearned Revenue | 124.00K | 792.00K | ||||
| Other Current Liabilities | 4.06M | 6.74M | 112.53M | |||
| Total Current Liabilities | 2.48M | 2.48M | 893.00K | 5.10M | 11.06M | 112.53M |
| Long-Term Leases | 286.00K | 286.00K | 320.00K | |||
| Other Long-Term Liabilities | 21.08M | |||||
| Total Liabilities | 2.76M | 2.76M | 1.21M | 5.10M | 11.06M | 133.61M |
| Common Stock | 553.00K | 553.00K | 368.00K | 121.00K | 63.00K | 34.16K |
| Additional Paid-In Capital | 234.26M | 234.26M | 228.14M | 205.92M | 202.99M | 211.37M |
| Retained Earnings | -197.65M | -197.65M | -188.59M | -186.60M | -183.78M | -207.87M |
| Total Common Equity | 37.16M | 37.16M | 39.92M | 19.44M | 19.28M | 3.53M |
| Minority Interest | 2.23M | |||||
| Shareholders' Equity | 37.16M | 37.16M | 39.92M | 19.44M | 19.28M | 5.76M |
| Total Liabilities & Equity | 39.92M | 39.92M | 41.13M | 24.54M | 30.34M | 139.37M |
| Total Debt | 2.50M | 2.50M | 853.00K | 125.00K | 870.00K | |
| Net Cash (Debt) | 1.24M | 1.24M | 15.23M | 246.00K | -56.00K | 26.51M |
| Net Cash Per Share | 0.15 | 0.15 | 5.04 | 0.16 | -0.08 | 1,166.53 |
| Filing Date Shares Outstanding | 9.52M | 9.52M | 6.43M | 2.61M | 1.21M | 568.57K |
| Total Common Shares Outstanding | 9.52M | 9.52M | 6.43M | 2.10M | 1.04M | 568.57K |
| Working Capital | 16.82M | 16.82M | 23.66M | 3.84M | 2.99M | -51.18M |
| Book Value Per Share | 3.90 | 3.90 | 6.20 | 9.27 | 18.47 | 6.21 |
| Tangible Book Value | 37.16M | 37.16M | 39.92M | 19.44M | 19.28M | 3.53M |
| Tangible Book Value Per Share | 3.90 | 3.90 | 6.20 | 9.27 | 18.47 | 6.21 |
| Land | 1.88M | 1.88M | ||||
| Construction In Progress | 1.32M | 1.32M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.06M | -9.06M | -1.99M | -2.82M | 7.69M | -60.49M |
| Depreciation & Amortization | 4.18M | 4.18M | 3.68M | 3.15M | 5.52M | 17.37M |
| Loss (Gain) From Sale of Assets | 357.00K | -1.23M | 5.90M | |||
| Asset Writedown & Restructuring Costs | 35.00K | 35.00K | 45.00K | 12.85M | ||
| Loss (Gain) on Equity Investments | -91.00K | -91.00K | -75.00K | -12.00K | -512.00K | 23.45K |
| Stock-Based Compensation | 1.83M | 1.83M | 571.00K | 138.00K | 849.00K | 3.67M |
| Provision & Write-off of Bad Debts | 1.65M | 1.14M | ||||
| Other Operating Activities | 418.00K | 418.00K | -713.00K | -34.00K | -1.71M | -3.19M |
| Change in Accounts Receivable | -746.00K | -746.00K | 8.00K | 3.42M | -10.11M | -3.73M |
| Change in Accounts Payable | -115.00K | -115.00K | -13.00K | -3.33M | 3.29M | -133.65K |
| Change in Unearned Revenue | -124.00K | -124.00K | -126.00K | 250.00K | -22.78M | -29.43M |
| Change in Income Taxes | 43.00K | 51.63K | ||||
| Change in Other Net Operating Assets | -1.58M | -1.58M | 168.00K | 2.69M | -2.91M | -16.34M |
| Operating Cash Flow | -5.26M | -5.26M | 1.56M | 3.81M | -31.05M | -72.30M |
| Capital Expenditures | -8.52M | -8.52M | -2.74M | -2.50M | -8.88M | -11.50M |
| Sale of Property, Plant & Equipment | 564.00K | 10.61M | 68.95K | |||
| Divestitures | -2.53M | |||||
| Investment in Securities | -200.00K | -200.00K | -1.80M | |||
| Other Investing Activities | -6.74M | -6.74M | -4.26M | -2.68M | 247.00K | 105.31K |
| Investing Cash Flow | -15.45M | -15.45M | -7.00M | -4.62M | -2.36M | -11.32M |
| Short-Term Debt Issued | 7.82M | 7.82M | 810.00K | 182.00K | 5.10M | 19.59M |
| Total Debt Issued | 7.82M | 7.82M | 810.00K | 182.00K | 5.10M | 19.59M |
| Short-Term Debt Repaid | -6.14M | -6.14M | -451.00K | -927.00K | -3.81M | -41.06M |
| Total Debt Repaid | -6.14M | -6.14M | -451.00K | -927.00K | -3.81M | -41.06M |
| Net Debt Issued (Repaid) | 1.68M | 1.68M | 359.00K | -745.00K | 1.29M | -21.46M |
| Issuance of Common Stock | 4.48M | 4.48M | 19.94M | 1.55M | 6.46M | |
| Other Financing Activities | 117.17M | |||||
| Financing Cash Flow | 6.16M | 6.16M | 20.30M | 807.00K | 7.75M | 95.71M |
| Net Cash Flow | -14.55M | -14.55M | 14.86M | -5.00K | -25.65M | 12.08M |
| Free Cash Flow | -13.78M | -13.78M | -1.19M | 1.31M | -39.92M | -83.80M |
| Free Cash Flow Margin | -98.12% | -98.12% | -10.17% | 14.41% | -337.43% | |
| Free Cash Flow Per Share | -1.68 | -1.68 | -0.39 | 0.88 | -58.47 | -3,687.60 |
| Levered Free Cash Flow | -15.23M | -15.23M | -4.71M | -1.35M | -76.46M | -24.26M |
| Unlevered Free Cash Flow | -15.19M | -15.19M | -4.68M | -1.31M | -76.45M | -24.26M |
| Cash Interest Paid | 62.00K | 62.00K | 21.00K | 63.00K | 21.00K | 377.80K |
| Cash Income Tax Paid | 16.53K | |||||
| Change in Working Capital | -2.57M | -2.57M | 37.00K | 3.03M | -32.47M | -49.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.93M | 12.37M | 25.11M | 9.84M | 3.47M | 40.99M |
| Enterprise Value | 6.69M | 5.12M | 24.80M | 10.08M | 17.33M | 81.32M |
| Last Close Price | 0.67 | 1.30 | 4.78 | 4.82 | 3.51 | 150.24 |
| PE Ratio | 0.45 | |||||
| PS Ratio | 0.57 | 0.88 | 2.15 | 1.08 | 0.29 | |
| PB Ratio | 0.17 | 0.33 | 0.63 | 0.51 | 0.18 | 7.12 |
| P/TBV Ratio | 0.21 | 0.33 | 0.63 | 0.51 | 0.18 | 11.60 |
| P/FCF Ratio | 7.53 | |||||
| P/OCF Ratio | 16.13 | 2.58 | ||||
| EV/Sales Ratio | 0.48 | 0.36 | 2.12 | 1.11 | 1.47 | |
| EV/EBITDA Ratio | 24.98 | 15.05 | 3.32 | 16.60 | ||
| EV/EBIT Ratio | 16.55 | |||||
| EV/FCF Ratio | 7.71 | |||||
| Debt / Equity Ratio | 0.07 | 0.07 | 0.02 | 0.01 | 0.04 | |
| Debt / EBITDA Ratio | 0.86 | 0.19 | 0.13 | |||
| Debt / FCF Ratio | 0.10 | |||||
| Net Debt / Equity Ratio | -0.03 | -0.03 | -0.38 | -0.01 | 0.00 | -4.60 |
| Net Debt / EBITDA Ratio | 0.27 | 0.27 | -15.34 | -0.37 | 0.01 | -5.41 |
| Net Debt / FCF Ratio | 0.09 | 0.09 | 12.83 | -0.19 | -0.00 | 0.32 |
| Asset Turnover | 0.35 | 0.35 | 0.36 | 0.33 | 0.15 | |
| Quick Ratio | 4.28 | 4.28 | 24.36 | 1.15 | 0.88 | 0.24 |
| Current Ratio | 7.79 | 7.79 | 27.50 | 1.75 | 1.27 | 0.55 |
| Return on Equity (ROE) | -23.51% | -23.51% | -6.70% | -14.59% | 7.87% | |
| Return on Assets (ROA) | -13.58% | -13.58% | -5.10% | -5.65% | 0.83% | -0.43% |
| Return on Invested Capital (ROIC) | -24.52% | -29.07% | -12.21% | -12.88% | 5.42% | |
| Return on Capital Employed (ROCE) | -23.50% | -23.50% | -6.70% | -12.80% | 5.40% | -4.00% |
| Earnings Yield | -163.88% | -73.24% | -7.92% | -28.69% | 221.31% | -147.60% |
| FCF Yield | -173.63% | -111.36% | -4.73% | 13.28% | -1,149.48% | -204.46% |
| Buyback Yield / Dilution | -171.98% | -171.98% | -102.32% | -118.86% | -2,904.53% |