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Bit Origin Limited Financials

BTOG
Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE June

This page shows Bit Origin Limited (BTOG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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

Profitability Growth Leverage Liquidity Cash Flow Returns 50 / 100
Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Bit Origin Limited has an operating margin of -7574.9%, meaning the company retains $-7575 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -513.6% the prior year.

Growth
0

Bit Origin Limited's revenue declined 98.6% year-over-year, from $2.9M to $39K. This contraction results in a growth score of 0/100.

Leverage
100

Bit Origin Limited carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 9.50, Bit Origin Limited holds $9.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Piotroski F-Score Neutral
4/9

Bit Origin Limited passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.52x

For every $1 of reported earnings, Bit Origin Limited generates $0.52 in operating cash flow (-$2.3M OCF vs -$4.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-6.6x

Bit Origin Limited earns $-6.6 in operating income for every $1 of interest expense (-$3.0M vs $455K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue
$39K
YoY-98.6%
5Y CAGR-72.3%

Bit Origin Limited generated $39K in revenue in fiscal year 2025. This represents a decrease of 98.6% from the prior year.

EBITDA
-$3.0M
YoY+78.5%

Bit Origin Limited's EBITDA was -$3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 78.5% from the prior year.

Free Cash Flow
N/A
Net Income
-$4.4M
YoY+75.1%

Bit Origin Limited reported -$4.4M in net income in fiscal year 2025. This represents an increase of 75.1% from the prior year.

EPS (Diluted)
$-0.28
YoY+91.6%

Bit Origin Limited earned $-0.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 91.6% from the prior year.

Cash & Debt
$56K
YoY-96.1%
5Y CAGR-44.7%

Bit Origin Limited held $56K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
58M
YoY+1621.7%

Bit Origin Limited had 58M shares outstanding in fiscal year 2025. This represents an increase of 1621.7% from the prior year.

Gross Margin
100.0%
YoY+132.7pp
5Y CAGR+91.6pp

Bit Origin Limited's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 132.7 percentage points from the prior year.

Operating Margin
-7574.9%
YoY-7061.3pp
5Y CAGR-7560.7pp

Bit Origin Limited's operating margin was -7574.9% in fiscal year 2025, reflecting core business profitability. This is down 7061.3 percentage points from the prior year.

Net Margin
-11064.4%
YoY-10457.5pp
5Y CAGR-11044.3pp

Bit Origin Limited's net profit margin was -11064.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10457.5 percentage points from the prior year.

Return on Equity
N/A
R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

BTOG Income Statement

Metric Q2'25 Q2'25 Q2'24 Q2'24 Q2'23 Q2'22 Q2'21 Q2'20
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A 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 N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

BTOG Balance Sheet

Metric Q2'25 Q2'25 Q2'24 Q2'24 Q2'23 Q2'22 Q2'21 Q2'20
Total Assets $3.5M-12.3% $4.0M-39.7% $6.7M-50.4% $13.5M+1.0% $13.3M-61.8% $35.0M-14.5% $40.9M-35.5% $63.3M
Current Assets $3.5M-12.3% $4.0M-39.7% $6.7M-26.8% $9.1M+155.6% $3.6M-85.1% $23.9M-26.4% $32.5M-35.3% $50.3M
Cash & Equivalents $56K N/A $1.4M-79.5% $6.9M+42225.2% $16K-8.6% $18K+816.4% $2K-99.8% $1.1M
Inventory N/A N/A $113K N/A N/A N/A $229K $0
Accounts Receivable N/A $0-100.0% $117K $0 $0 $0-100.0% $11.1M+13.3% $9.8M
Goodwill N/A N/A $0 N/A N/A N/A $0-100.0% $5.2M
Total Liabilities $372K-93.7% $5.9M+2.7% $5.8M+28.0% $4.5M+46.7% $3.1M+925.0% $300K-99.3% $42.5M+16.4% $36.5M
Current Liabilities $372K-81.2% $2.0M-20.6% $2.5M+52.5% $1.6M-36.9% $2.6M+762.9% $300K-99.2% $38.7M+18.2% $32.7M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $3.9M+444.5% -$1.1M-168.1% $1.7M-81.4% $9.0M-12.7% $10.3M-70.4% $34.7M+1175.7% -$3.2M-113.5% $23.8M
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

BTOG Cash Flow Statement

Metric Q2'25 Q2'25 Q2'24 Q2'24 Q2'23 Q2'22 Q2'21 Q2'20
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BTOG Financial Ratios

Metric Q2'25 Q2'25 Q2'24 Q2'24 Q2'23 Q2'22 Q2'21 Q2'20
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 9.50+7.5 2.04-0.6 2.68-2.9 5.59+4.2 1.38-78.4 79.77+78.9 0.84-0.7 1.54
Debt-to-Equity 0.10+5.3 -5.24-8.7 3.47+3.0 0.50+0.2 0.30+0.3 0.01+13.2 -13.19-14.7 1.53
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

What is Bit Origin Limited's annual revenue?

Bit Origin Limited (BTOG) reported $39K in total revenue for fiscal year 2025. This represents a -98.6% 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.

How fast is Bit Origin Limited's revenue growing?

Bit Origin Limited (BTOG) revenue declined by 98.6% year-over-year, from $2.9M to $39K in fiscal year 2025.

Is Bit Origin Limited profitable?

No, Bit Origin Limited (BTOG) reported a net income of -$4.4M in fiscal year 2025, with a net profit margin of -11064.4%.

What is Bit Origin Limited's earnings per share (EPS)?

Bit Origin Limited (BTOG) reported diluted earnings per share of $-0.28 for fiscal year 2025. This represents a 91.6% 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.

What is Bit Origin Limited's EBITDA?

Bit Origin Limited (BTOG) had EBITDA of -$3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Bit Origin Limited's gross margin?

Bit Origin Limited (BTOG) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bit Origin Limited's operating margin?

Bit Origin Limited (BTOG) had an operating margin of -7574.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Bit Origin Limited's net profit margin?

Bit Origin Limited (BTOG) had a net profit margin of -11064.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bit Origin Limited's operating cash flow?

Bit Origin Limited (BTOG) generated -$2.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bit Origin Limited's total assets?

Bit Origin Limited (BTOG) had $3.5M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Bit Origin Limited have outstanding?

Bit Origin Limited (BTOG) had 58M shares outstanding as of fiscal year 2025.

What is Bit Origin Limited's current ratio?

Bit Origin Limited (BTOG) had a current ratio of 9.50 as of fiscal year 2025, which is generally considered healthy.

What is Bit Origin Limited's debt-to-equity ratio?

Bit Origin Limited (BTOG) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bit Origin Limited's return on assets (ROA)?

Bit Origin Limited (BTOG) had a return on assets of -123.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bit Origin Limited's cash runway?

Based on fiscal year 2025 data, Bit Origin Limited (BTOG) had $56K in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 0 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 Bit Origin Limited's Piotroski F-Score?

Bit Origin Limited (BTOG) has a Piotroski F-Score of 4 out of 9, indicating neutral 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.

Are Bit Origin Limited's earnings high quality?

Bit Origin Limited (BTOG) has an earnings quality ratio of 0.52x, 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.

Can Bit Origin Limited cover its interest payments?

Bit Origin Limited (BTOG) has an interest coverage ratio of -6.6x, meaning it can struggle to cover its interest obligations. 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 Origin Limited?

Bit Origin Limited (BTOG) scores 50 out of 100 on our Financial Profile, indicating moderate 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.