Bit Digital Inc Financials

Bit Digital Inc (BTBT) reported $108.1M in total revenue for fiscal year 2024. This represents a 140.6% 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.

Bit Digital Inc (BTBT) revenue grew by 140.6% year-over-year, from $44.9M to $108.1M in fiscal year 2024.

Yes, Bit Digital Inc (BTBT) reported a net income of $28.3M in fiscal year 2024, with a net profit margin of 26.2%.

Bit Digital Inc (BTBT) reported diluted earnings per share of $0.19 for fiscal year 2024. This represents a 218.8% 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.

Bit Digital Inc (BTBT) had EBITDA of $59.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Bit Digital Inc (BTBT) had an operating margin of 25.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Bit Digital Inc (BTBT) had a net profit margin of 26.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Bit Digital Inc (BTBT) has a return on equity of 6.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Bit Digital Inc (BTBT) generated -$107.0M in free cash flow during fiscal year 2024. This represents a -63.2% 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.

Bit Digital Inc (BTBT) generated -$13.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Bit Digital Inc (BTBT) had $538.2M in total assets as of fiscal year 2024, including both current and long-term assets.

Bit Digital Inc (BTBT) invested $94.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Bit Digital Inc (BTBT) had 179M shares outstanding as of fiscal year 2024.

Bit Digital Inc (BTBT) had a current ratio of 5.40 as of fiscal year 2024, which is generally considered healthy.

Bit Digital Inc (BTBT) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bit Digital Inc (BTBT) had a return on assets of 5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Bit Digital Inc (BTBT) had $95.2M in cash against an annual operating cash burn of $13.0M. This gives an estimated cash runway of approximately 88 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.

Bit Digital Inc (BTBT) has an Altman Z-Score of 5.02, placing it in the Safe Zone (low 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.

Bit Digital Inc (BTBT) has a Piotroski F-Score of 3 out of 9, indicating weak 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.

Bit Digital Inc (BTBT) has an earnings quality ratio of -0.46x, 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.

Bit Digital Inc (BTBT) scores 71 out of 100 on our Financial Profile, indicating strong 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.