Bit Digital Inc (BTBT) reported $113.6M in revenue for fiscal year 2025, up 5.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Bit Digital’s dominant mechanic is equity-funded asset expansion: revenue barely moved while operating losses and cash demands surged.
Revenue rose from$108.1M to$113.6M between FY2024 and FY2025, a small top-line change. Over the same period, operating income shifted from$27.6M profit to-$91.8M , showing the cost structure expanded far faster than reported sales.
The asset base more than doubled from
FY2025 free cash flow was
Financial Health Signals
Scored against banks 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 Bit Digital Inc'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.
Not available for Bit Digital Inc, and counted as zero in the overall score.
Not available for Bit Digital Inc, and counted as zero in the overall score.
Bit Digital Inc passes 0 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Bit Digital Inc reported a net loss of $80.3M while operations used $288.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Bit Digital Inc reported an operating loss of $91.8M against $3.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Bit Digital Inc generated $113.6M in revenue in fiscal year 2025. This represents an increase of 5.1% from the prior year.
Bit Digital Inc's EBITDA was -$55.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 191.9% from the prior year.
Bit Digital Inc reported -$80.3M in net income in fiscal year 2025. This represents a decrease of 383.7% from the prior year.
Cash & Balance Sheet
Bit Digital Inc recorded an outflow of $574.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 437.3% from the prior year.
Bit Digital Inc held $118.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Bit Digital Inc's operating margin was -80.9% in fiscal year 2025, reflecting core business profitability. This is down 106.4 percentage points from the prior year.
Bit Digital Inc's net profit margin was -70.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 96.9 percentage points from the prior year.
Bit Digital Inc's ROE was -11.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Bit Digital Inc invested $285.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 204.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BTBT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.8M | $113.6M+5.1% | $108.1M+140.6% | $44.9M+39.1% | $32.3M-66.4% | $96.1M+356.1% | $21.1M+360.7% | $4.6M-42.0% | $7.9M+13.5% | $7.0M+87.6% | $3.7M |
| Cost of Revenue | N/A | N/A | N/A | $29.6M+45.1% | $20.4M-33.7% | $30.7M+117.9% | $14.1M | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | $15.4M+28.8% | $11.9M-81.8% | $65.3M+838.7% | $7.0M | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $137K-69.3% | $448K-7.8% | $486K+16.3% | $418K |
| SG&A Expenses | $103.3M | $81.0M+95.1% | $41.5M+50.0% | $27.7M+20.4% | $23.0M-41.3% | $39.2M+1456.8% | $2.5M+26.2% | $2.0M+5.4% | $1.9M-51.7% | $3.9M+139.4% | $1.6M |
| Operating Income | -$276.7M | -$91.8M-433.2% | $27.6M+265.8% | -$16.6M+84.5% | -$107.2M-1919.4% | $5.9M+278.2% | $1.6M+178.1% | -$2.0M-5.4% | -$1.9M-39.1% | -$1.4M-726.9% | $217K |
| Interest Expense | N/A | $3.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$5.3M | -$2.0M-150.4% | $4.0M+1325.6% | $279K+147.1% | -$593K-115.4% | $3.9M | N/A | $807K+274.9% | -$461K-69.8% | -$272K-594.3% | $55K |
| Net Income | -$291.4M | -$80.3M-383.7% | $28.3M+303.7% | -$13.9M+86.8% | -$105.3M-10325.9% | -$1.0M+55.7% | -$2.3M+76.4% | -$9.7M-173.6% | -$3.5M-275.3% | -$942K-685.7% | $161K |
| EPS (Diluted) | — | -$0.31 | $0.19 | -$0.16+88.1% | -$1.34 | -$0.02 | -$0.07 | -$0.62 | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BTBT 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 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+118.2% | $538.2M+184.3% | $189.3M+88.5% | $100.4M-42.2% | $173.7M+335.3% | $39.9M+783.3% | $4.5M-63.8% | $12.5M-3.4% | $12.9M+41.9% | $9.1M |
| Current Assets | $178.0M-40.0% | $296.9M+256.2% | $83.3M+29.4% | $64.4M-28.7% | $90.3M+935.8% | $8.7M+1456.3% | $560K-90.1% | $5.7M-43.7% | $10.1M+27.1% | $7.9M |
| Cash & Equivalents | $118.4M+24.3% | $95.2M+464.6% | $16.9M-48.4% | $32.7M-22.9% | $42.4M+10365.3% | $405K+2434.0% | $16K-99.3% | $2.3M-57.2% | $5.5M-26.0% | $7.4M |
| Accounts Receivable | $23.9M+354.1% | $5.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $20.1M+3.9% | $19.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $309.2M+313.5% | $74.8M+104.1% | $36.6M+249.2% | $10.5M+26.7% | $8.3M+336.9% | $1.9M+340.9% | $430K+6.5% | $403K-14.1% | $469K+66.2% | $282K |
| Current Liabilities | $92.9M+68.9% | $55.0M+103.2% | $27.1M+263.8% | $7.4M+47.6% | $5.0M+166.4% | $1.9M+340.9% | $430K+6.5% | $403K-14.1% | $469K+66.2% | $282K |
| Long-Term Debt | N/A | N/A | N/A | $3.0M+10.0% | $2.8M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $724.0M+56.2% | $463.5M+203.5% | $152.7M+69.8% | $89.9M-45.6% | $165.4M+339.5% | $37.6M+881.3% | $3.8M-67.0% | $11.6M-1.9% | $11.8M+50.6% | $7.9M |
| Retained Earnings | -$178.5M-81.8% | -$98.2M+33.1% | -$146.9M-11.8% | -$131.4M-403.1% | -$26.1M-66.4% | -$15.7M-13.9% | -$13.8M-219.2% | -$4.3M-383.3% | -$894K-1945.2% | $48K |
Not reported in any period shown, so not listed: Inventory.
BTBT 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 | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$277.3M | -$288.9M-2124.7% | -$13.0M-1274.7% | $1.1M+113.0% | -$8.5M+51.0% | -$17.4M-1685.7% | -$972K+27.9% | -$1.3M+73.3% | -$5.1M-164.6% | -$1.9M-74.7% | -$1.1M |
| Capital Expenditures | $483.5M | $285.9M+204.2% | $94.0M+41.0% | $66.7M+244.8% | $19.3M-58.7% | $46.8M+939.6% | $4.5M | N/A | $753K+1434.4% | $49K-54.9% | $109K |
| Free Cash Flow | -$760.7M | -$574.9M-437.3% | -$107.0M-63.2% | -$65.6M-135.6% | -$27.8M+56.6% | -$64.2M-1072.0% | -$5.5M | N/A | -$5.8M-196.4% | -$2.0M-63.0% | -$1.2M |
| Investing Cash Flow | -$451.6M | -$287.4M-92.9% | -$149.0M-115.5% | -$69.2M-271.7% | -$18.6M+60.3% | -$46.8M-942.3% | -$4.5M-390.5% | -$916K+72.5% | -$3.3M-10580.2% | -$31K+71.3% | -$109K |
| Financing Cash Flow | $630.5M | $599.1M+146.7% | $242.9M+365.0% | $52.2M+179.1% | $18.7M-82.4% | $106.2M+1920.7% | $5.3M | N/A | $5.9M+1625.6% | -$390K-104.8% | $8.0M |
| Dividends Paid | $800K | $800K | N/A | $1.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $77K-93.0% | $1.1M | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BTBT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 34.2%-2.7pp | 36.9%-31.1pp | 68.0%+35.0pp | 33.0% | N/A | N/A | N/A | N/A |
| Operating Margin | -80.9%-106.4pp | 25.5%+62.5pp | -37.0% | -331.8% | 6.1%-1.3pp | 7.4%+51.0pp | -43.6%-19.6pp | -24.0%-4.4pp | -19.6%-25.4pp | 5.9% |
| Net Margin | -70.7%-96.9pp | 26.2%+57.1pp | -30.9% | -326.0% | -1.1%+9.8pp | -10.8% | -211.6% | -44.8%-31.3pp | -13.6%-17.9pp | 4.3% |
| Return on Equity | -11.1%-17.2pp | 6.1%+15.2pp | -9.1%+108.0pp | -117.1%-116.5pp | -0.6%+5.5pp | -6.1%+246.3pp | -252.3%-221.9pp | -30.5%-22.5pp | -8.0%-10.0pp | 2.1% |
| Return on Assets | -6.8%-12.1pp | 5.3%+12.6pp | -7.3%+97.5pp | -104.9%-104.3pp | -0.6%+5.1pp | -5.7%+208.5pp | -214.2%-185.9pp | -28.3%-21.0pp | -7.3%-9.1pp | 1.8% |
| Current Ratio | 1.92-3.5x | 5.39+2.3x | 3.08-5.6x | 8.65-9.3x | 17.90+13.3x | 4.60+3.3x | 1.30-12.7x | 14.05-7.4x | 21.43-6.6x | 28.02 |
| Debt-to-Equity | 0.43+0.3x | 0.16-0.1x | 0.24+0.2x | 0.030.0x | 0.020.0x | 0.05-0.1x | 0.11+0.1x | 0.030.0x | 0.040.0x | 0.04 |
| FCF Margin | -506.2% | -99.0% | -145.9% | -86.2%-19.4pp | -66.8%-40.8pp | -26.0% | N/A | -73.6%-45.4pp | -28.1%+4.3pp | -32.4% |
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: Operating Margin, Net Margin, FCF Margin.
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Where Bit Digital Inc Ranks
Frequently Asked Questions
What is Bit Digital Inc's annual revenue?
Bit Digital Inc (BTBT) reported $113.6M in total revenue for fiscal year 2025. This represents a 5.1% 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 Bit Digital Inc's revenue growing?
Bit Digital Inc (BTBT) revenue grew by 5.1% year-over-year, from $108.1M to $113.6M in fiscal year 2025.
Is Bit Digital Inc profitable?
No, Bit Digital Inc (BTBT) reported a net income of -$80.3M in fiscal year 2025, with a net profit margin of -70.7%.
What is Bit Digital Inc's EBITDA?
Bit Digital Inc (BTBT) had EBITDA of -$55.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Bit Digital Inc's operating margin?
Bit Digital Inc (BTBT) had an operating margin of -80.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bit Digital Inc's net profit margin?
Bit Digital Inc (BTBT) had a net profit margin of -70.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bit Digital Inc's return on equity (ROE)?
Bit Digital Inc (BTBT) has a return on equity of -11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bit Digital Inc's free cash flow?
Bit Digital Inc (BTBT) recorded an outflow of $574.9M in free cash flow during fiscal year 2025. This represents a -437.3% 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 Bit Digital Inc's operating cash flow?
Bit Digital Inc (BTBT) recorded an outflow of $288.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Bit Digital Inc's total assets?
Bit Digital Inc (BTBT) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bit Digital Inc's capital expenditures?
Bit Digital Inc (BTBT) invested $285.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bit Digital Inc's current ratio?
Bit Digital Inc (BTBT) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.
What is Bit Digital Inc's debt-to-equity ratio?
Bit Digital Inc (BTBT) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bit Digital Inc's return on assets (ROA)?
Bit Digital Inc (BTBT) had a return on assets of -6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bit Digital Inc's Piotroski F-Score?
Bit Digital Inc (BTBT) has a Piotroski F-Score of 0 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 Bit Digital Inc's earnings high quality?
Bit Digital Inc (BTBT) reported a net loss of $80.3M while operations used $288.9M 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.
Can Bit Digital Inc cover its interest payments?
Bit Digital Inc (BTBT) reported an operating loss of $91.8M against $3.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bit Digital Inc?
Bit Digital Inc (BTBT) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), 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.