BGIN BLOCKCHAIN LTD (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 Sep 5, 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 LTD (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; 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.
BGIN BLOCKCHAIN LTD'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 7/100.
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.
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.
BGIN BLOCKCHAIN LTD'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 LTD'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 LTD 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 LTD scores -1.18, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($228.0M) 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.
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.
BGIN BLOCKCHAIN LTD 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
BGIN BLOCKCHAIN LTD held $26.3M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
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 | Q4'2520-F | Q4'2420-F |
|---|---|---|
| Total Assets | $92.8M-65.7% | $270.8M |
| Current Assets | $63.9M-67.2% | $194.7M |
| Cash & Equivalents | $26.3M-77.1% | $114.8M |
| Short-Term Investments | $0 | $0 |
| Inventory | $7.8M-37.2% | $12.5M |
| Accounts Receivable | $10K | N/A |
| Long-Term Investments | $0 | $0 |
| Total Liabilities | $38.1M-37.3% | $60.7M |
| Current Liabilities | $38.0M-37.3% | $60.6M |
| Non-Current Liabilities | $88K-28.4% | $123K |
| Total Equity | $54.5M-74.0% | $209.7M |
| Retained Earnings | $28.1M-86.6% | $210.0M |
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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Where BGIN BLOCKCHAIN LTD Ranks
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.
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 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) recorded an outflow of $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) 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 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.
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 P/E ratio?
BGIN BLOCKCHAIN LTD (BGIN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $228.0M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BGIN BLOCKCHAIN LTD's price-to-sales ratio?
BGIN BLOCKCHAIN LTD (BGIN) trades at 3.4x sales, its market capitalization divided by revenue of $67.4M revenue, FY2025. The market capitalization is $228.0M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does BGIN BLOCKCHAIN LTD's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, BGIN BLOCKCHAIN LTD (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 LTD's Altman Z-Score?
BGIN BLOCKCHAIN LTD (BGIN) has an Altman Z-Score of -1.18, 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) 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 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.