BTC Development Units Financials
This page shows BTC Development Units (BDCIU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
BTC Development’s 2025 profile is dominated by externally financed asset expansion, while negative equity and weak cash conversion remain visible.
The reported $1.87M net income coincided with operating cash flow of-$746K , so earnings did not fund operations; the gap points to poor cash conversion rather than a cash-generating operating model. Meanwhile,$255M of financing inflow nearly offset-$253M of investing outflow, indicating that the large 2025 asset movement was funded externally rather than by internally produced cash.
The balance sheet expanded from
Financial Health Signals
BTC Development Units does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
For every $1 of reported earnings, BTC Development Units used $0.40 of operating cash (-$746K OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
BTC Development Units reported $1.9M in net income in fiscal year 2025. This represents an increase of 5670.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
BTC Development Units held $2.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
BDCIU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| SG&A Expenses | $38K | N/A |
| Operating Income | -$541K-1511.3% | -$34K |
| Net Income | $1.9M+5670.6% | -$34K |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax, EPS (Diluted).
BDCIU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $257.3M+77881.5% | $330K |
| Current Assets | $2.2M | N/A |
| Cash & Equivalents | $2.0M | N/A |
| Total Liabilities | $265.9M+69582.3% | $382K |
| Current Liabilities | $97K-74.6% | $382K |
| Total Equity | -$8.6M-16562.5% | -$52K |
| Retained Earnings | -$8.6M-16564.4% | -$52K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BDCIU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Operating Cash Flow | -$746K | N/A |
| Investing Cash Flow | -$252.6M | N/A |
| Financing Cash Flow | $255.3M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
BDCIU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Return on Assets | 0.7%+10.9pp | -10.2% |
| Current Ratio | 22.75 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$8.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Where BTC Development Units Ranks
Frequently Asked Questions
Is BTC Development Units profitable?
Yes, BTC Development Units (BDCIU) reported a net income of $1.9M in fiscal year 2025.
What is BTC Development Units's operating cash flow?
BTC Development Units (BDCIU) recorded an outflow of $746K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are BTC Development Units's total assets?
BTC Development Units (BDCIU) had $257.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is BTC Development Units's current ratio?
BTC Development Units (BDCIU) had a current ratio of 22.75 as of fiscal year 2025, which is generally considered healthy.
What is BTC Development Units's return on assets (ROA)?
BTC Development Units (BDCIU) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BTC Development Units's cash runway?
Based on fiscal year 2025 data, BTC Development Units (BDCIU) had $2.0M in cash against an annual operating cash burn of $746K. This gives an estimated cash runway of approximately 32 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is BTC Development Units's debt-to-equity ratio negative or not reported?
BTC Development Units (BDCIU) has negative shareholder equity of -$8.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are BTC Development Units's earnings high quality?
For every $1 of reported earnings, BTC Development Units (BDCIU) used $0.40 of operating cash (-$746K OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.