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Bit Digital Inc Financials

BTBT
FY2025 annual
Revenue $113.6M +5.1% YoY
Net Income -$80.3M -383.7% YoY
EPS (Diluted) -$0.31 YoY not available
Free Cash Flow -$574.9M -437.3% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

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).

Rhea AI BTBT FY2025

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 $538.2M in FY2024 to $1.2B in FY2025, indicating capital deployment outpaced sales growth. The current ratio fell from 5.4x to 1.9x, meaning short-term liquidity became less ample relative to obligations despite higher absolute cash.

FY2025 free cash flow was -$574.9M while operating cash flow was -$288.9M, so cash consumption came from both operations and investment. Shares outstanding rose from 179.1M to 324.2M, indicating external equity funding was central to bridging the cash need.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Earnings Growth Capital Efficiency CreditQuality Stability 36 / 100
Financial Health Score 36/100
Scored as: Banks peer group

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.

Earnings
11
Growth
95
Capital
95
Efficiency
0

Not available for Bit Digital Inc, and counted as zero in the overall score.

Credit Quality
0

Not available for Bit Digital Inc, and counted as zero in the overall score.

Stability
12
Piotroski F-Score Partial
0/7

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.

Earnings Quality No Cash Backing
N/A

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.

Interest Coverage At Risk
N/A

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

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Earnings & Revenue

Revenue
$113.6M
YoY+5.1%
5Y CAGR+40.1%

Bit Digital Inc generated $113.6M in revenue in fiscal year 2025. This represents an increase of 5.1% from the prior year.

EBITDA
-$55.0M
YoY-191.9%

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.

Net Income
-$80.3M
YoY-383.7%

Bit Digital Inc reported -$80.3M in net income in fiscal year 2025. This represents a decrease of 383.7% from the prior year.

EPS (Diluted)
-$0.31

Bit Digital Inc earned -$0.31 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
-$574.9M
YoY-437.3%

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.

Cash & Debt
$118.4M
YoY+24.3%
5Y CAGR+211.3%

Bit Digital Inc held $118.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding
324M

Bit Digital Inc had 324M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin
-80.9%
YoY-106.4pp
5Y CAGR-88.3pp

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.

Net Margin
-70.7%
YoY-96.9pp
5Y CAGR-59.9pp

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.

Return on Equity
-11.1%
YoY-17.2pp
5Y CAGR-5.0pp

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.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures
$285.9M
YoY+204.2%
5Y CAGR+129.4%

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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

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.

BTBT annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
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 RevenueN/AN/AN/A$29.6M+45.1%$20.4M-33.7%$30.7M+117.9%$14.1MN/AN/AN/AN/A
Gross ProfitN/AN/AN/A$15.4M+28.8%$11.9M-81.8%$65.3M+838.7%$7.0MN/AN/AN/AN/A
R&D ExpensesN/AN/AN/AN/AN/AN/AN/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 ExpenseN/A$3.1MN/AN/AN/AN/AN/AN/AN/AN/AN/A
Income Tax-$5.3M-$2.0M-150.4%$4.0M+1325.6%$279K+147.1%-$593K-115.4%$3.9MN/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-$0.62N/AN/AN/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.

BTBT annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
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%$5.3MN/AN/AN/AN/AN/AN/AN/AN/A
Goodwill$20.1M+3.9%$19.4MN/AN/AN/AN/AN/AN/AN/AN/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 DebtN/AN/AN/A$3.0M+10.0%$2.8MN/AN/AN/AN/AN/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.

BTBT annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
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%$4.5MN/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%-$5.5MN/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%$5.3MN/A$5.9M+1625.6%-$390K-104.8%$8.0M
Dividends Paid$800K$800KN/A$1.6MN/AN/AN/AN/AN/AN/AN/A
Share BuybacksN/AN/AN/AN/A$77K-93.0%$1.1MN/AN/AN/AN/AN/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.

BTBT annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16
Gross MarginN/AN/A34.2%-2.7pp36.9%-31.1pp68.0%+35.0pp33.0%N/AN/AN/AN/A
Operating Margin-80.9%-106.4pp25.5%+62.5pp-37.0%-331.8%6.1%-1.3pp7.4%+51.0pp-43.6%-19.6pp-24.0%-4.4pp-19.6%-25.4pp5.9%
Net Margin-70.7%-96.9pp26.2%+57.1pp-30.9%-326.0%-1.1%+9.8pp-10.8%-211.6%-44.8%-31.3pp-13.6%-17.9pp4.3%
Return on Equity-11.1%-17.2pp6.1%+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%-10.0pp2.1%
Return on Assets-6.8%-12.1pp5.3%+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%-9.1pp1.8%
Current Ratio1.92-3.5x5.39+2.3x3.08-5.6x8.65-9.3x17.90+13.3x4.60+3.3x1.30-12.7x14.05-7.4x21.43-6.6x28.02
Debt-to-Equity0.43+0.3x0.16-0.1x0.24+0.2x0.030.0x0.020.0x0.05-0.1x0.11+0.1x0.030.0x0.040.0x0.04
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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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%.

Bit Digital Inc (BTBT) reported diluted earnings per share of -$0.31 for fiscal year 2025. 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 -$55.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

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.

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.

Bit Digital Inc (BTBT) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Bit Digital Inc (BTBT) invested $285.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Bit Digital Inc (BTBT) had 324M shares outstanding as of fiscal year 2025.

Bit Digital Inc (BTBT) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.

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.

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.

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.

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.

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.

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.

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