What is BGIN BLOCKCHAIN LTD's earnings per share (EPS)?

BGIN BLOCKCHAIN LTD (BGIN) reported diluted earnings per share of $-1.62 for fiscal year 2025. This represents a -365.6% 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.

BGIN BLOCKCHAIN LTD Financials

BGIN

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows BGIN BLOCKCHAIN LTD (BGIN) financial statements, including the 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

Financial Health Score 21/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 LTD'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.

Profitability

BGIN BLOCKCHAIN LTD has an operating margin of -261.3%, meaning the company retains $-261 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 27.0% the prior year.

Growth

BGIN BLOCKCHAIN LTD's revenue declined 77.7% year-over-year, from $302.3M to $67.4M. This contraction results in a growth score of 1/100.

Leverage

BGIN BLOCKCHAIN LTD has a moderate D/E ratio of 0.70. This balance of debt and equity financing earns a leverage score of 54/100.

Liquidity

BGIN BLOCKCHAIN LTD's current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While BGIN BLOCKCHAIN LTD generated -$166.9M in operating cash flow, capex of $4.2M consumed most of it, leaving -$171.1M in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.

Returns

BGIN BLOCKCHAIN LTD generates a -324.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 31.5% the prior year.

Altman Z-Score Distress

-1.21

BGIN BLOCKCHAIN LTD scores -1.21, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($226.3M) relative to total liabilities ($38.1M). 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.

Piotroski F-Score Partial

1/7

BGIN BLOCKCHAIN LTD 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.

Earnings Quality Low Quality

0.94x

For every $1 of reported earnings, BGIN BLOCKCHAIN LTD generates $0.94 in operating cash flow (-$166.9M OCF vs -$177.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$67.4M

YoY-77.7%

BGIN BLOCKCHAIN LTD generated $67.4M in revenue in fiscal year 2025. This represents a decrease of 77.7% from the prior year.

EBITDA

-$155.0M

YoY-269.8%

BGIN BLOCKCHAIN LTD'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.

Net Income

-$177.0M

YoY-367.5%

BGIN BLOCKCHAIN LTD reported -$177.0M in net income in fiscal year 2025. This represents a decrease of 367.5% from the prior year.

EPS (Diluted)

$-1.62

YoY-365.6%

BGIN BLOCKCHAIN LTD 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

Free Cash Flow

-$171.1M

YoY+19.4%

BGIN BLOCKCHAIN LTD generated -$171.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 19.4% from the prior year.

Cash & Debt

$26.3M

YoY-77.1%

BGIN BLOCKCHAIN LTD held $26.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

113M

BGIN BLOCKCHAIN LTD had 113M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

-112.2%

YoY-154.4pp

BGIN BLOCKCHAIN LTD's gross margin was -112.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 154.4 percentage points from the prior year.

Operating Margin

-261.3%

YoY-288.3pp

BGIN BLOCKCHAIN LTD's operating margin was -261.3% in fiscal year 2025, reflecting core business profitability. This is down 288.3 percentage points from the prior year.

Net Margin

-262.6%

YoY-284.4pp

BGIN BLOCKCHAIN LTD's net profit margin was -262.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 284.4 percentage points from the prior year.

Return on Equity

-324.7%

YoY-356.3pp

BGIN BLOCKCHAIN LTD'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.

Capital Allocation

R&D Spending

$20.2M

YoY+23.3%

BGIN BLOCKCHAIN LTD invested $20.2M in research and development in fiscal year 2025. This represents an increase of 23.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$4.2M

YoY-67.7%

BGIN BLOCKCHAIN LTD 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.

BGIN Income Statement

Metric	FY25	FY24	FY23
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	$13.9M+93.8%	$7.2M-50.9%	$14.6M
Operating Income	-$176.1M-315.7%	$81.6M-53.0%	$173.7M
Interest Expense	N/A	N/A	N/A
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 (Diluted)	$-1.62-365.6%	$0.61-53.1%	$1.30

Metric	Q4'25	Q4'24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

BGIN Balance Sheet

Metric	FY25	FY24	FY23
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
Inventory	$7.8M-37.2%	$12.5M	N/A
Accounts Receivable	$10K	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$38.1M-37.3%	$60.7M	N/A
Current Liabilities	$38.0M-37.3%	$60.6M	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	$54.5M-74.0%	$209.7M+40.8%	$148.9M
Retained Earnings	$28.1M-86.6%	$210.0M	N/A

Metric	Q4'25	Q4'24
Total Assets	$92.8M-65.7%	$270.8M
Current Assets	$63.9M-67.2%	$194.7M
Cash & Equivalents	$26.3M-77.1%	$114.8M
Inventory	$7.8M-37.2%	$12.5M
Accounts Receivable	$10K	N/A
Goodwill	N/A	N/A
Total Liabilities	$38.1M-37.3%	$60.7M
Current Liabilities	$38.0M-37.3%	$60.6M
Long-Term Debt	N/A	N/A
Total Equity	$54.5M-74.0%	$209.7M
Retained Earnings	$28.1M-86.6%	$210.0M

BGIN Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$166.9M+16.3%	-$199.3M-537.2%	-$31.3M
Capital Expenditures	$4.2M-67.7%	$13.0M+94.0%	$6.7M
Free Cash Flow	-$171.1M+19.4%	-$212.3M-459.1%	-$38.0M
Investing Cash Flow	$55.5M-79.3%	$268.0M+244.7%	$77.7M
Financing Cash Flow	$22.8M+4338.1%	-$539K-49.0%	-$362K
Dividends Paid	$4.1M	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q4'25	Q4'24
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

BGIN Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	-112.2%-154.4pp	42.2%-35.2pp	77.4%
Operating Margin	-261.3%-288.3pp	27.0%-40.5pp	67.5%
Net Margin	-262.6%-284.4pp	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	1.68-1.5	3.21	N/A
Debt-to-Equity	0.70+0.4	0.29	N/A
FCF Margin	-253.8%-183.6pp	-70.2%-55.5pp	-14.8%

Metric	Q4'25	Q4'24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	1.68-1.5	3.21
Debt-to-Equity	0.70+0.4	0.29
FCF Margin	N/A	N/A

Frequently Asked Questions

What is BGIN BLOCKCHAIN LTD's annual revenue?

BGIN BLOCKCHAIN LTD (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 LTD's revenue growing?

BGIN BLOCKCHAIN LTD (BGIN) revenue declined by 77.7% year-over-year, from $302.3M to $67.4M in fiscal year 2025.

Is BGIN BLOCKCHAIN LTD profitable?

No, BGIN BLOCKCHAIN LTD (BGIN) reported a net income of -$177.0M in fiscal year 2025, with a net profit margin of -262.6%.

What is BGIN BLOCKCHAIN LTD's EBITDA?

BGIN BLOCKCHAIN LTD (BGIN) had EBITDA of -$155.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is BGIN BLOCKCHAIN LTD's gross margin?

BGIN BLOCKCHAIN LTD (BGIN) had a gross margin of -112.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is BGIN BLOCKCHAIN LTD's operating margin?

BGIN BLOCKCHAIN LTD (BGIN) had an operating margin of -261.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BGIN BLOCKCHAIN LTD's net profit margin?

BGIN BLOCKCHAIN LTD (BGIN) had a net profit margin of -262.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BGIN BLOCKCHAIN LTD's return on equity (ROE)?

BGIN BLOCKCHAIN LTD (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 LTD's free cash flow?

BGIN BLOCKCHAIN LTD (BGIN) generated -$171.1M in free cash flow during fiscal year 2025. This represents a 19.4% 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 BGIN BLOCKCHAIN LTD's operating cash flow?

BGIN BLOCKCHAIN LTD (BGIN) generated -$166.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BGIN BLOCKCHAIN LTD's total assets?

BGIN BLOCKCHAIN LTD (BGIN) had $92.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are BGIN BLOCKCHAIN LTD's capital expenditures?

BGIN BLOCKCHAIN LTD (BGIN) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does BGIN BLOCKCHAIN LTD spend on research and development?

BGIN BLOCKCHAIN LTD (BGIN) invested $20.2M in research and development during fiscal year 2025.

How many shares does BGIN BLOCKCHAIN LTD have outstanding?

BGIN BLOCKCHAIN LTD (BGIN) had 113M shares outstanding as of fiscal year 2025.

What is BGIN BLOCKCHAIN LTD's current ratio?

BGIN BLOCKCHAIN LTD (BGIN) had a current ratio of 1.68 as of fiscal year 2025, which is generally considered healthy.

What is BGIN BLOCKCHAIN LTD's debt-to-equity ratio?

BGIN BLOCKCHAIN LTD (BGIN) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BGIN BLOCKCHAIN LTD's return on assets (ROA)?

BGIN BLOCKCHAIN LTD (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 LTD's cash runway?

Based on fiscal year 2025 data, BGIN BLOCKCHAIN LTD (BGIN) had $26.3M in cash against an annual operating cash burn of $166.9M. This gives an estimated cash runway of approximately 2 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.

What is BGIN BLOCKCHAIN LTD's Altman Z-Score?

BGIN BLOCKCHAIN LTD (BGIN) has an Altman Z-Score of -1.21, 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 LTD's Piotroski F-Score?

BGIN BLOCKCHAIN LTD (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 LTD's earnings high quality?

BGIN BLOCKCHAIN LTD (BGIN) has an earnings quality ratio of 0.94x, considered low quality (accrual-driven). 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 LTD?

BGIN BLOCKCHAIN LTD (BGIN) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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.