What is Abits Group Inc.'s earnings per share (EPS)?

Abits Group Inc. (ABTS) reported diluted earnings per share of $-0.39 for fiscal year 2024. This represents a 92.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Abits Group Inc. Financials

ABTS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Abits Group Inc. (ABTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 60/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Abits Group Inc. has an operating margin of 50.3%, meaning the company retains $50 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 72.9% the prior year.

Growth

100

Abits Group Inc.'s revenue surged 299.1% year-over-year to $6.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Abits Group Inc. carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While Abits Group Inc. generated $1.9M in operating cash flow, capex of $2.6M consumed most of it, leaving -$680K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Abits Group Inc. generates a -8.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -111.3% the prior year.

Piotroski F-Score Neutral

5/9

Abits Group Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-2.11x

For every $1 of reported earnings, Abits Group Inc. generates $-2.11 in operating cash flow ($1.9M OCF vs -$910K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$6.7M

YoY+299.1%

5Y CAGR+78.5%

Abits Group Inc. generated $6.7M in revenue in fiscal year 2024. This represents an increase of 299.1% from the prior year.

EBITDA

$6.0M

YoY+261.0%

Abits Group Inc.'s EBITDA was $6.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 261.0% from the prior year.

Net Income

-$910K

YoY+92.8%

Abits Group Inc. reported -$910K in net income in fiscal year 2024. This represents an increase of 92.8% from the prior year.

EPS (Diluted)

$-0.39

YoY+92.7%

Abits Group Inc. earned $-0.39 per diluted share (EPS) in fiscal year 2024. This represents an increase of 92.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$680K

YoY+90.9%

Abits Group Inc. generated -$680K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 90.9% from the prior year.

Cash & Debt

$1.1M

YoY+26.5%

5Y CAGR+21.3%

Abits Group Inc. held $1.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-93.3%

5Y CAGR-31.9%

Abits Group Inc. had 2M shares outstanding in fiscal year 2024. This represents a decrease of 93.3% from the prior year.

Margins & Returns

Gross Margin

50.3%

YoY-22.6pp

Abits Group Inc.'s gross margin was 50.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 22.6 percentage points from the prior year.

Operating Margin

50.3%

YoY-22.6pp

5Y CAGR+193.3pp

Abits Group Inc.'s operating margin was 50.3% in fiscal year 2024, reflecting core business profitability. This is down 22.6 percentage points from the prior year.

Net Margin

-13.6%

YoY+734.9pp

5Y CAGR-94.7pp

Abits Group Inc.'s net profit margin was -13.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 734.9 percentage points from the prior year.

Return on Equity

-8.8%

YoY+102.5pp

5Y CAGR-210.8pp

Abits Group Inc.'s ROE was -8.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 102.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.6M

YoY-71.9%

Abits Group Inc. invested $2.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 71.9% from the prior year.

ABTS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$6.7M+299.1%	$1.7M+922.7%	$164K-25.0%	$219K-76.8%	$946K+155.5%	$370K
Cost of Revenue	$3.3M+632.4%	$455K+26.0%	$361K	N/A	N/A	N/A
Gross Profit	$3.4M+175.3%	$1.2M+722.2%	-$197K	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.1M+41.9%	$1.5M-41.2%	$2.5M+31.3%	$1.9M+117.9%	$874K-2.9%	$900K
Operating Income	$3.4M+175.3%	$1.2M+722.2%	-$197K+93.1%	-$2.9M-4041.6%	$73K+113.7%	-$530K
Interest Expense	N/A	N/A	N/A	$62K	N/A	N/A
Income Tax	$111K	$0	N/A	N/A	N/A	N/A
Net Income	-$910K+92.8%	-$12.6M+41.5%	-$21.5M-685.4%	-$2.7M-3867.9%	$73K-75.8%	$300K
EPS (Diluted)	$-0.39+92.7%	$-5.32+44.4%	$-9.56	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$387K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$387K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$387K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ABTS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.4M-7.7%	$12.3M-49.8%	$24.5M+217.1%	$7.7M+237.0%	$2.3M-9.1%	$2.5M
Current Assets	$1.7M+1.2%	$1.7M-66.1%	$4.9M+78.7%	$2.7M+19.2%	$2.3M-9.1%	$2.5M
Cash & Equivalents	$1.1M+26.5%	$884K-64.7%	$2.5M-0.1%	$2.5M+47669.2%	$5K-98.8%	$426K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$230K-84.3%	$1.5M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$990K-1.5%	$1.0M+63.9%	$613K-47.6%	$1.2M-38.2%	$1.9M-20.3%	$2.4M
Current Liabilities	N/A	N/A	N/A	$1.2M-38.2%	$1.9M-20.3%	$2.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.4M-8.2%	$11.3M-52.7%	$23.9M+264.2%	$6.6M+1538.6%	$401K+169.5%	$149K
Retained Earnings	-$78.8M-1.2%	-$77.9M-19.3%	-$65.3M-49.1%	-$43.8M-7.7%	-$40.7M+0.2%	-$40.7M

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Total Assets	$11.4M-6.8%	$12.2M-0.9%	$12.3M-41.3%	$21.0M-14.4%	$24.5M-45.9%	$45.4M+486.2%	$7.7M+252.9%	$2.2M
Current Assets	$1.7M+118.6%	$767K-53.7%	$1.7M-67.0%	$5.0M+2.8%	$4.9M-29.9%	$7.0M+155.0%	$2.7M+24.9%	$2.2M
Cash & Equivalents	$1.1M+182.1%	$397K-55.1%	$884K-42.5%	$1.5M-38.6%	$2.5M-56.8%	$5.8M+131.3%	$2.5M+12823.4%	$19K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$649K+182.7%	$230K-82.9%	$1.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$990K+7.6%	$921K-8.4%	$1.0M+85.8%	$541K-11.8%	$613K+409.0%	$121K-89.7%	$1.2M-44.3%	$2.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	$1.2M-44.3%	$2.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.4M-8.0%	$11.3M-0.3%	$11.3M-44.7%	$20.5M-14.5%	$23.9M-47.1%	$45.2M+588.8%	$6.6M+7094.4%	$91K
Retained Earnings	-$78.8M-1.1%	-$77.9M0.0%	-$77.9M-13.2%	-$68.8M-5.4%	-$65.3M-46.1%	-$44.7M-2.1%	-$43.8M-6.7%	-$41.0M

ABTS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.9M+9.2%	$1.8M+124.0%	-$7.3M-563.6%	-$1.1M+36.4%	-$1.7M-47.3%	-$1.2M
Capital Expenditures	$2.6M-71.9%	$9.3M-69.9%	$30.7M	N/A	N/A	N/A
Free Cash Flow	-$680K+90.9%	-$7.5M+80.3%	-$38.0M	N/A	N/A	N/A
Investing Cash Flow	-$1.7M+50.5%	-$3.4M+89.7%	-$32.7M	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	$40.0M+1012.2%	$3.6M+217.0%	$1.1M+6.3%	$1.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$86K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$23K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ABTS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	50.3%-22.6pp	72.9%+192.8pp	-119.8%	N/A	N/A	N/A
Operating Margin	50.3%-22.6pp	72.9%+192.8pp	-119.8%+1186.9pp	-1306.8%-1314.5pp	7.7%+150.7pp	-143.0%
Net Margin	-13.6%+734.9pp	-748.4%+12339.4pp	-13087.9%-11838.7pp	-1249.2%-1256.9pp	7.7%-73.4pp	81.1%
Return on Equity	-8.8%+102.5pp	-111.3%-21.3pp	-90.0%-48.3pp	-41.7%-59.9pp	18.1%-183.9pp	202.1%
Return on Assets	-8.0%+94.2pp	-102.2%-14.5pp	-87.7%-52.3pp	-35.4%-38.6pp	3.2%-8.7pp	11.9%
Current Ratio	N/A	N/A	N/A	2.34+1.1	1.21+0.1	1.06
Debt-to-Equity	0.100.0	0.09+0.1	0.03-0.2	0.18-4.5	4.73-11.3	15.99
FCF Margin	-10.1%+435.6pp	-445.7%+22678.4pp	-23124.1%	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-424.2%
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-17.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	2.34+1.3	1.04
Debt-to-Equity	0.10+0.0	0.080.0	0.09+0.1	0.030.0	0.03+0.0	0.00-0.2	0.18-22.8	23.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Atif Holdings Limited ZBAI

$61.1M

Netcapital Inc NCPL

$2.6M

Mawson Infrastructure Group In MIGI

$2.0M

Garden Stage Ltd. GSIW

$24.2M

Magic Empire Global Ltd MEGL

$5.3M

Frequently Asked Questions

What is Abits Group Inc.'s annual revenue?

Abits Group Inc. (ABTS) reported $6.7M in total revenue for fiscal year 2024. This represents a 299.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Abits Group Inc.'s revenue growing?

Abits Group Inc. (ABTS) revenue grew by 299.1% year-over-year, from $1.7M to $6.7M in fiscal year 2024.

Is Abits Group Inc. profitable?

No, Abits Group Inc. (ABTS) reported a net income of -$910K in fiscal year 2024, with a net profit margin of -13.6%.

What is Abits Group Inc.'s EBITDA?

Abits Group Inc. (ABTS) had EBITDA of $6.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Abits Group Inc.'s gross margin?

Abits Group Inc. (ABTS) had a gross margin of 50.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Abits Group Inc.'s operating margin?

Abits Group Inc. (ABTS) had an operating margin of 50.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Abits Group Inc.'s net profit margin?

Abits Group Inc. (ABTS) had a net profit margin of -13.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Abits Group Inc.'s return on equity (ROE)?

Abits Group Inc. (ABTS) has a return on equity of -8.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Abits Group Inc.'s free cash flow?

Abits Group Inc. (ABTS) generated -$680K in free cash flow during fiscal year 2024. This represents a 90.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Abits Group Inc.'s operating cash flow?

Abits Group Inc. (ABTS) generated $1.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Abits Group Inc.'s total assets?

Abits Group Inc. (ABTS) had $11.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Abits Group Inc.'s capital expenditures?

Abits Group Inc. (ABTS) invested $2.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Abits Group Inc. have outstanding?

Abits Group Inc. (ABTS) had 2M shares outstanding as of fiscal year 2024.

What is Abits Group Inc.'s debt-to-equity ratio?

Abits Group Inc. (ABTS) had a debt-to-equity ratio of 0.10 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Abits Group Inc.'s return on assets (ROA)?

Abits Group Inc. (ABTS) had a return on assets of -8.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Abits Group Inc.'s Piotroski F-Score?

Abits Group Inc. (ABTS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Abits Group Inc.'s earnings high quality?

Abits Group Inc. (ABTS) has an earnings quality ratio of -2.11x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Abits Group Inc.?

Abits Group Inc. (ABTS) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.