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

Bit Origin Limited (BTOG) reported diluted earnings per share of -$70.43 for fiscal year 2026. 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 Origin Limited (BTOG) Financials

BTOG

FY2026 annual

Revenue Not reported for FY2026

Net Income -$14.3M -227.1% YoY

EPS (Diluted) -$70.43 YoY not available

Operating Cash Flow -$2.9M -27.6% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 18, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Sep 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTOG SEC filings page.

This page shows Bit Origin Limited (BTOG) financial statements, including the 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 BTOG FY2026 2026-10-04

Reported losses exceed operating cash outflows, while shifting leverage shows the business relies on financing beyond day-to-day operations.

In FY2026, a net loss of $14.3M coincided with operating cash flow of -$2.9M and financing cash flow of $4.6M. That gap indicates reported expenses are not translating one-for-one into immediate cash needs, while outside financing is helping fund the balance sheet.

The revenue base fell from $2.9M in FY2024 to $39K in FY2025, yet FY2025 still produced an operating loss of $3.0M. This suggests the cost structure remained large relative to the reported activity rather than scaling down with revenue.

Leverage moved from 3.5x debt to equity in FY2024 to 2.1x by FY2026, but the path was uneven rather than a steady deleveraging trend. The FY2026 current ratio of 7.0x indicates substantial current assets relative to near-term liabilities, although it does not offset the continuing operating losses.

Financial Health Signals

Financial health score not available

Bit Origin Limited does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

2/5

Bit Origin Limited passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing

N/A

Bit Origin Limited reported a net loss of $14.3M while operations used $2.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2026.

Cash & Balance Sheet

Cash & Debt

$1.6M

YoY+2720.8%

QoQ+223.6%

Bit Origin Limited held $1.6M in cash as of Q4 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Shares Outstanding

Not reported for Q4 2026.

Margins & Returns

None of these metrics is reported for Q4 2026.

Capital Allocation

None of these metrics is reported for Q4 2026.

BTOG 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.

BTOG quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2220-F	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	N/A	$39K-98.6%	$2.9M-53.9%	$6.3M0.0%	$6.3M-92.2%	$80.5M+232.0%	$24.2M-75.5%	$99.1M-2.0%	$101.1M+59.8%	$63.3M
Cost of Revenue	N/A	N/A	$3.8M-64.6%	$10.8M0.0%	$10.8M-86.0%	$77.5M+248.8%	$22.2M-75.4%	$90.4M-1.1%	$91.5M+57.1%	$58.2M
Gross Profit	N/A	$39K+104.2%	-$945K+79.3%	-$4.6M0.0%	-$4.6M-252.3%	$3.0M+47.7%	$2.0M-76.5%	$8.7M-10.4%	$9.7M+90.5%	$5.1M
SG&A Expenses	$2.8M-10.7%	$3.1M-19.2%	$3.8M+30.9%	$2.9M0.0%	$2.9M+83.9%	$1.6M-36.9%	$2.5M+391.4%	$511K-47.9%	$981K+90.3%	$516K
Operating Income	-$14.3M-377.3%	-$3.0M+79.8%	-$14.8M+47.6%	-$28.3M0.0%	-$28.3M-714.7%	-$3.5M-0.9%	-$3.4M-573.4%	-$511K-107.3%	$7.0M+100.0%	$3.5M
EBITDA	N/A	-$3.0M+78.5%	-$13.9M+39.3%	-$22.9M	N/A	N/A	N/A	$178K-97.6%	$7.6M+87.1%	$4.1M
Interest Expense	N/A	$665K+7712.0%	$9K-96.3%	$227K+320.0%	$54K-65.3%	$156K+26.7%	$123K-83.1%	$731K-43.0%	$1.3M+92.0%	$668K
Income Tax	N/A	N/A	N/A	N/A	N/A	-$1.0M-549.1%	$223K+4.5%	$214K-70.1%	$714K-18.4%	$876K
Net Income	-$14.3M-227.1%	-$4.4M+75.1%	-$17.5M+37.9%	-$28.2M-971.0%	$3.2M+107.1%	-$45.6M-835.2%	-$4.9M-211.8%	$4.4M+15.8%	$3.8M+53.5%	$2.5M
EPS (Basic)	-$70.43-82954.2%	-$0.08+100.0%	-$1003.41-11554.0%	-$8.610.0%	-$8.61-161.7%	-$3.29-1727.8%	-$0.18-185.7%	$0.21+10.5%	$0.19+58.3%	$0.12
EPS (Diluted)	-$70.43	-$84.84	-$1003.41	-$8.61	-$8.61-161.7%	-$3.29	-$0.18-185.7%	$0.21+10.5%	$0.19+58.3%	$0.12
Diluted Shares (Avg)	339,699	77,016	17,472	3M	3M+196.3%	1M	22M+7.0%	21M+4.3%	20M+0.4%	20M

Metric	Q4'2610-K	Q2'266-K	Q4'2510-K	Q2'2510-Q	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K

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).

BTOG Balance Sheet

BTOG quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2220-F	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$21.2M+498.3%	$3.5M-47.1%	$6.7M-49.9%	$13.3M-61.8%	$35.0M-14.5%	$40.9M-35.5%	$63.3M+23.4%	$51.4M+52.2%	$33.7M	N/A
Current Assets	$10.2M+187.5%	$3.5M-47.1%	$6.7M+87.1%	$3.6M-85.1%	$23.9M-26.4%	$32.5M-35.3%	$50.3M+10.0%	$45.7M+57.3%	$29.0M	N/A
Cash & Equivalents	$1.6M+2720.8%	$56K-96.1%	$1.4M+8558.4%	$16K-8.6%	$18K+816.4%	$2K-99.8%	$1.1M-60.1%	$2.7M+741.3%	$319K+1382.1%	$22K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	$229K	$0-100.0%	$113K+4029.1%	$3K	N/A
Accounts Receivable	N/A	N/A	$117K	$0	$0-100.0%	$11.1M+13.3%	$9.8M-75.1%	$39.5M+62.2%	$24.4M	N/A
Long-Term Investments	$0	$0	$0-100.0%	$2.4M-20.3%	$3.0M	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$5.2M	$0	N/A	N/A
Total Liabilities	$12.1M+3147.1%	$372K-93.6%	$5.8M+87.8%	$3.1M+925.0%	$300K-99.3%	$42.5M+16.4%	$36.5M+36.1%	$26.8M+49.9%	$17.9M	N/A
Current Liabilities	$1.5M+291.6%	$372K-85.1%	$2.5M-3.8%	$2.6M+762.9%	$300K-99.2%	$38.7M+18.2%	$32.7M+43.4%	$22.8M+35.0%	$16.9M	N/A
Non-Current Liabilities	$10.6M	$0-100.0%	$3.3M+575.3%	$486K	$0-100.0%	$3.8M+0.3%	$3.8M-5.3%	$4.0M+307.3%	$982K	N/A
Total Equity	$5.6M+44.1%	$3.9M+134.6%	$1.7M-83.8%	$10.3M-70.4%	$34.7M+1175.7%	-$3.2M-113.5%	$23.8M-2.9%	$24.5M+74.8%	$14.0M+38.5%	$10.1M

Metric	Q4'2610-K	Q2'266-K	Q4'2510-K	Q2'2510-Q	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K
Total Assets	$21.2M+498.3%	$12.9M+220.1%	$3.5M-47.1%	$4.0M-70.0%	$6.7M-49.9%	$13.5M	$13.3M-61.8%	$35.0M-14.5%
Current Assets	$10.2M+187.5%	$12.7M+215.1%	$3.5M-47.1%	$4.0M-55.8%	$6.7M+87.1%	$9.1M	$3.6M-85.1%	$23.9M-26.4%
Cash & Equivalents	$1.6M+2720.8%	$485K	$56K-96.1%	N/A	$1.4M+8558.4%	$6.9M	$16K-8.6%	$18K+816.4%
Short-Term Investments	$0	$0	$0	N/A	$0	$0	$0	$0
Accounts Receivable	N/A	$0	N/A	$0	$117K	$0	$0	$0-100.0%
Long-Term Investments	$0	$0	$0	N/A	$0-100.0%	$2.4M	$2.4M-20.3%	$3.0M
Total Liabilities	$12.1M+3147.1%	$14.7M+148.1%	$372K-93.6%	$5.9M+31.5%	$5.8M+87.8%	$4.5M	$3.1M+925.0%	$300K-99.3%
Current Liabilities	$1.5M+291.6%	$283K-85.7%	$372K-85.1%	$2.0M+21.0%	$2.5M-3.8%	$1.6M	$2.6M+762.9%	$300K-99.2%
Non-Current Liabilities	$10.6M	$14.4M+264.9%	$0-100.0%	$4.0M+37.4%	$3.3M+575.3%	$2.9M	$486K	$0-100.0%
Total Equity	$5.6M+44.1%	-$1.1M+3.0%	$3.9M+134.6%	-$1.1M-112.6%	$1.7M-83.8%	$9.0M	$10.3M-70.4%	$34.7M+1175.7%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt, Retained Earnings.

BTOG Cash Flow Statement

BTOG quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2220-F	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Operating Cash Flow	-$2.9M-27.6%	-$2.3M+71.1%	-$7.9M-17.3%	-$6.8M+52.5%	-$14.2M-37.0%	-$10.4M-75.7%	-$5.9M-12.2%	-$5.3M-46.5%	-$3.6M-43.0%	-$2.5M
Depreciation & Amortization	N/A	$0-100.0%	$901K-83.2%	$5.4M	N/A	N/A	N/A	$690K+27.2%	$542K+2.0%	$532K
Stock-Based Compensation	N/A	N/A	$73K+8.9%	$67K-95.9%	$1.6M-14.1%	$1.9M+103.1%	$930K	$0	$0	N/A
Capital Expenditures	N/A	N/A	N/A	$115K-98.6%	$8.3M	N/A	$700K+3294.2%	$21K-76.9%	$89K+665.4%	$12K
Free Cash Flow	N/A	N/A	N/A	-$6.9M+69.5%	-$22.5M	N/A	-$6.6M-25.0%	-$5.3M-43.5%	-$3.7M-45.9%	-$2.5M
Investing Cash Flow	-$200K-112.9%	$1.5M+51.1%	$1.0M-76.0%	$4.3M+137.8%	-$11.3M	$0-100.0%	$159K-86.7%	$1.2M+1435.8%	-$89K-665.4%	-$12K
Financing Cash Flow	$4.6M+861.8%	-$609K-107.3%	$8.3M+233.2%	$2.5M-90.4%	$25.9M+205.2%	$8.5M+108.4%	$4.1M-38.7%	$6.7M+66.6%	$4.0M+59.9%	$2.5M

Metric	Q4'2610-K	Q2'266-K	Q4'2510-K	Q2'2510-Q	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K

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.

BTOG 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.

BTOG quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2220-F	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Gross Margin	N/A	100.0%+132.7pp	-32.7%+40.2pp	-72.9%0.0pp	-72.9%-76.6pp	3.7%-4.7pp	8.4%-0.4pp	8.7%-0.8pp	9.6%+1.5pp	8.0%
Operating Margin	N/A	-7574.9%	-513.6%	-452.1%	-452.1%	-4.3%+9.9pp	-14.2%-13.7pp	-0.5%-7.5pp	7.0%+1.4pp	5.6%
Net Margin	N/A	-11064.4%	-606.9%	-450.7%	51.7%+108.4pp	-56.7%-36.5pp	-20.1%-24.5pp	4.4%+0.7pp	3.7%-0.2pp	3.9%
Return on Equity	-254.3%-142.3pp	-112.1%+942.4pp	-1054.4%-779.5pp	-275.0%-284.3pp	9.3%	N/A	-20.5%-38.3pp	17.8%-9.1pp	26.9%+2.6pp	24.2%
Return on Assets	-67.5%+56.0pp	-123.6%+138.7pp	-262.3%-50.7pp	-211.6%-220.8pp	9.3%+120.8pp	-111.6%-103.9pp	-7.7%-16.2pp	8.5%-2.7pp	11.2%	N/A
Current Ratio	6.98-2.5x	9.50+6.8x	2.68+1.3x	1.38-78.4x	79.77+78.9x	0.84-0.7x	1.54-0.5x	2.00+0.3x	1.72	N/A
Debt-to-Equity	2.15+2.1x	0.10-3.4x	3.47+3.2x	0.30+0.3x	0.01	N/A	1.53+0.4x	1.09-0.2x	1.28	N/A
Asset Turnover	N/A	0.01-0.4x	0.430.0x	0.47+0.3x	0.18-1.8x	1.97+1.6x	0.38-1.5x	1.93-1.1x	3.00	N/A
FCF Margin	N/A	N/A	N/A	-109.8%	-360.0%	N/A	-27.3%-21.9pp	-5.3%-1.7pp	-3.6%+0.3pp	-4.0%

Metric	Q4'2610-K	Q2'266-K	Q4'2510-K	Q2'2510-Q	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K
Current Ratio	6.98-2.5x	44.93+42.9x	9.50+6.8x	2.04-3.6x	2.68+1.3x	5.59	1.38-78.4x	79.77+78.9x
Debt-to-Equity	2.15+2.1x	N/A	0.10-3.4x	N/A	3.47+3.2x	0.50	0.30+0.3x	0.01

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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Bit Origin Limited BTOG	FY2026	N/A	-$14.3M	N/A	$1.8M	—
MarketWise, Inc. MKTW	FY2025	$328.1M	$5.6M	1.7%	$52.9M	35/100
Value Line Inc VALU	FY2026	$33.4M	$21.6M	64.7%	$406.2M	66/100
The Marygold Companies, Inc. MGLD	FY2026	$25.3M	-$4.4M	-17.3%	$86.1M	37/100
MDB Capital Holdings, LLC MDBH	FY2025	N/A	-$21.2M	N/A	$20.6M	—
Rand Capital Corp RAND	FY2025	N/A	-$8.0M	N/A	$28.5M	—

Where Bit Origin Limited Ranks

Frequently Asked Questions

Is Bit Origin Limited profitable?

No, Bit Origin Limited (BTOG) reported a net income of -$14.3M in fiscal year 2026.

What is Bit Origin Limited's return on equity (ROE)?

Bit Origin Limited (BTOG) has a return on equity of -254.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Bit Origin Limited's operating cash flow?

Bit Origin Limited (BTOG) recorded an outflow of $2.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are Bit Origin Limited's total assets?

Bit Origin Limited (BTOG) had $21.2M in total assets as of fiscal year 2026, including both current and long-term assets.

What is Bit Origin Limited's current ratio?

Bit Origin Limited (BTOG) had a current ratio of 6.98 as of fiscal year 2026, 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 2.15 as of fiscal year 2026, 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 -67.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Bit Origin Limited's Piotroski F-Score?

Bit Origin Limited (BTOG) has a Piotroski F-Score of 2 out of 5 computable signals; 4 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 Origin Limited's earnings high quality?

Bit Origin Limited (BTOG) reported a net loss of $14.3M while operations used $2.9M 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.