Bgin Blockchain (BGIN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BGIN SEC filings page.
Bgin Blockchain Limited (BGIN) reported $67.4M in revenue for fiscal year 2025, down 77.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bgin Blockchain Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bgin Blockchain Limited's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 6/100.
Bgin Blockchain Limited's revenue declined 77.7% year-over-year, from $302.3M to $67.4M. This contraction results in a growth score of 1/100.
Bgin Blockchain Limited's current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Bgin Blockchain Limited's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 3/100.
Bgin Blockchain Limited posts a -324.7% return on equity (ROE), meaning it loses $325 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from 31.5% the prior year.
Bgin Blockchain Limited scores -1.67, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $176.1M against total assets of $92.8M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Bgin Blockchain Limited passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Bgin Blockchain Limited reported a net loss of $177.0M while operations used $166.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Bgin Blockchain Limited generated $67.4M in revenue in fiscal year 2025. This represents a decrease of 77.7% from the prior year.
Bgin Blockchain Limited's EBITDA was -$155.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 269.8% from the prior year.
Bgin Blockchain Limited reported a net loss of $177.0M in fiscal year 2025. This represents a decrease of 367.5% from the prior year.
Bgin Blockchain Limited earned -$1.62 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 365.6% from the prior year.
Cash & Balance Sheet
Bgin Blockchain Limited recorded an outflow of $171.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Bgin Blockchain Limited held $26.3M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Bgin Blockchain Limited's ROE was -324.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 356.3 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Bgin Blockchain Limited invested $20.2M in research and development in fiscal year 2025. This represents an increase of 23.3% from the prior year.
Bgin Blockchain Limited invested $4.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 67.7% from the prior year.
Not reported for fiscal year 2025.
BGIN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Revenue | $67.4M-77.7% | $302.3M+17.5% | $257.3M |
| Cost of Revenue | $143.0M-18.1% | $174.6M+200.5% | $58.1M |
| Gross Profit | -$75.6M-159.2% | $127.7M-35.9% | $199.2M |
| R&D Expenses | $20.2M+23.3% | $16.4M+62.1% | $10.1M |
| SG&A Expenses | $14.3M+81.4% | $7.9M-50.0% | $15.7M |
| Operating Income | -$176.1M-315.7% | $81.6M-53.0% | $173.7M |
| EBITDA | -$155.0M-269.8% | $91.3M-48.3% | $176.6M |
| Income Tax | $2.3M-84.0% | $14.6M-56.7% | $33.8M |
| Net Income | -$177.0M-367.5% | $66.1M-52.7% | $139.8M |
| EPS (Basic) | -$1.62-365.6% | $0.61-53.1% | $1.30 |
| EPS (Diluted) | -$1.62-365.6% | $0.61-53.1% | $1.30 |
| Diluted Shares (Avg) | 109M+1.2% | 108M0.0% | 108M |
Not reported in any period shown, so not listed: Interest Expense.
BGIN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Total Assets | $92.8M-65.7% | $270.8M | N/A |
| Current Assets | $63.9M-67.2% | $194.7M | N/A |
| Cash & Equivalents | $26.3M-77.1% | $114.8M+145.9% | $46.7M |
| Short-Term Investments | $0n/m | $0n/m | $0 |
| Inventory | $7.8M-37.2% | $12.5M | N/A |
| Accounts Receivable | $10K | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0 |
| Total Liabilities | $38.1M-37.3% | $60.7M | N/A |
| Current Liabilities | $38.0M-37.3% | $60.6M | N/A |
| Non-Current Liabilities | $88K-28.4% | $123K | N/A |
| Total Equity | $54.5M-74.0% | $209.7M+40.8% | $148.9M |
| Retained Earnings | $28.1M-86.6% | $210.0M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
BGIN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Operating Cash Flow | -$166.9Mn/m | -$199.3Mn/m | -$31.3M |
| Depreciation & Amortization | $21.1M+118.0% | $9.7M+225.7% | $3.0M |
| Stock-Based Compensation | $555K | N/A | N/A |
| Capital Expenditures | $4.2M-67.7% | $13.0M+94.0% | $6.7M |
| Free Cash Flow | -$171.1Mn/m | -$212.3Mn/m | -$38.0M |
| Investing Cash Flow | $55.5M-79.3% | $268.0M+244.7% | $77.7M |
| Financing Cash Flow | $22.8Mn/m | -$539Kn/m | -$362K |
| Dividends Paid | $4.1M | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
BGIN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Gross Margin | -112.2% | 42.2%-35.2pp | 77.4% |
| Operating Margin | -261.3% | 27.0%-40.5pp | 67.5% |
| Net Margin | -262.6% | 21.9%-32.4pp | 54.3% |
| Return on Equity | -324.7%-356.3pp | 31.5%-62.3pp | 93.8% |
| Return on Assets | -190.6%-215.0pp | 24.4% | N/A |
| Current Ratio | 1.68-1.5x | 3.21 | N/A |
| Liabilities-to-Equity | 0.70+0.4x | 0.29 | N/A |
| Asset Turnover | 0.73-0.4x | 1.12 | N/A |
| FCF Margin | -253.8% | -70.2%-55.5pp | -14.8% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Where Bgin Blockchain Limited Ranks
Frequently Asked Questions
What is Bgin Blockchain Limited's annual revenue?
Bgin Blockchain Limited (BGIN) reported $67.4M in total revenue for fiscal year 2025. This represents a -77.7% 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 Bgin Blockchain Limited's revenue growing?
Bgin Blockchain Limited (BGIN) revenue declined by 77.7% year-over-year, from $302.3M to $67.4M in fiscal year 2025.
Is Bgin Blockchain Limited profitable?
No, Bgin Blockchain Limited (BGIN) reported a net loss of $177.0M in fiscal year 2025.
What is Bgin Blockchain Limited's EBITDA?
Bgin Blockchain Limited (BGIN) had EBITDA of -$155.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Bgin Blockchain Limited's return on equity (ROE)?
Bgin Blockchain Limited (BGIN) has a return on equity of -324.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bgin Blockchain Limited's free cash flow?
Bgin Blockchain Limited (BGIN) recorded an outflow of $171.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 Bgin Blockchain Limited's operating cash flow?
Bgin Blockchain Limited (BGIN) recorded an outflow of $166.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Bgin Blockchain Limited's total assets?
Bgin Blockchain Limited (BGIN) had $92.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bgin Blockchain Limited's capital expenditures?
Bgin Blockchain Limited (BGIN) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Bgin Blockchain Limited spend on research and development?
Bgin Blockchain Limited (BGIN) invested $20.2M in research and development during fiscal year 2025.
What is Bgin Blockchain Limited's current ratio?
Bgin Blockchain Limited (BGIN) had a current ratio of 1.68 as of fiscal year 2025, which is generally considered healthy.
What is Bgin Blockchain Limited's liabilities-to-equity ratio?
Bgin Blockchain Limited (BGIN) had a liabilities-to-equity ratio of 0.70 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Bgin Blockchain Limited's return on assets (ROA)?
Bgin Blockchain Limited (BGIN) had a return on assets of -190.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bgin Blockchain Limited's P/E ratio?
Bgin Blockchain Limited (BGIN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $196.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bgin Blockchain Limited's price-to-sales ratio?
Bgin Blockchain Limited (BGIN) trades at 2.9x sales, its market capitalization divided by $67.4M revenue, FY2025. The market capitalization is $196.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Bgin Blockchain Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Bgin Blockchain Limited (BGIN) held $26.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $166.9M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Bgin Blockchain Limited's Altman Z-Score?
Bgin Blockchain Limited (BGIN) has an Altman Z-Score of -1.67, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bgin Blockchain Limited's Piotroski F-Score?
Bgin Blockchain Limited (BGIN) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bgin Blockchain Limited's earnings high quality?
Bgin Blockchain Limited (BGIN) reported a net loss of $177.0M while operations used $166.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Bgin Blockchain Limited?
Bgin Blockchain Limited (BGIN) scores 20 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.