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BitVentures Limited Financials

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

This page shows BitVentures Limited (BVC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 BVC FY2025

BitVentures’ recent filings point to a balance-sheet reset accompanied by heavy cash consumption, rather than an earnings-led recovery.

FY2025 reads as a capital-structure overhaul, with liabilities cut to $158K from $14.2M. But cash fell to $950K as the share count jumped to 159.8M, which suggests the cleaner balance sheet was achieved alongside external financing and not through the business throwing off cash.

In FY2023 and FY2024, reported losses still became cash because reinvestment needs were almost nil; free cash flow was $9.4M and $2.6M even though net income stayed negative. That pattern says those years were being supported by low capex and non-cash expenses, rather than by a truly self-funding operating model.

The longer arc is a business that shrank faster than its obligations: after FY2021, revenue fell to $9.0M in FY2022 from $277.1M, while liabilities were still large enough to leave equity very thin. That mismatch explains why the story in later years is less about margins and more about repairing the balance sheet around a much smaller operating base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

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

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of BitVentures Limited'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.

Growth
0

BitVentures Limited's revenue declined 100% year-over-year, from $21.8M to $0. This contraction results in a growth score of 0/100.

Leverage
100

BitVentures Limited carries a low D/E ratio of 0.02, meaning only $0.02 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 62.56, BitVentures Limited holds $62.56 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns
0

BitVentures Limited generates a -55.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -29.0% the prior year.

Piotroski F-Score Weak
1/9

BitVentures Limited passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
1.21x

For every $1 of reported earnings, BitVentures Limited generates $1.21 in operating cash flow (-$6.5M OCF vs -$5.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$0
YoY-100.0%

BitVentures Limited generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA
-$3.2M
YoY-1427.9%

BitVentures Limited's EBITDA was -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1427.9% from the prior year.

Net Income
-$5.4M
YoY-622.6%

BitVentures Limited reported -$5.4M in net income in fiscal year 2025. This represents a decrease of 622.6% from the prior year.

EPS (Diluted)
$-0.06
YoY-500.0%

BitVentures Limited earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 500.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$6.5M
YoY-352.9%

BitVentures Limited generated -$6.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 352.9% from the prior year.

Cash & Debt
$950K
YoY-92.9%

BitVentures Limited held $950K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
160M
YoY+185.3%

BitVentures Limited had 160M shares outstanding in fiscal year 2025. This represents an increase of 185.3% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
-55.2%
YoY-26.2pp

BitVentures Limited's ROE was -55.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$2K

BitVentures Limited invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure.

BVC Income Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Revenue N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A

BVC Balance Sheet

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Total Assets $9.9M-40.9% $16.7M-3.5% $17.4M-93.5% $265.7M+12.2% $236.9M
Current Assets $9.9M-36.2% $15.5M+19.8% $12.9M-93.5% $200.0M-12.5% $228.6M
Cash & Equivalents $950K-92.9% $13.3M+5.5% $12.6M+268.0% $3.4M-95.0% $68.0M
Inventory N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A $84.1M-8.6% $92.0M
Goodwill N/A N/A N/A $11.2M N/A
Total Liabilities $158K-98.9% $14.2M+0.2% $14.2M-94.6% $259.8M+15.0% $225.8M
Current Liabilities $158K-98.9% $13.9M+11.3% $12.5M-89.2% $116.2M-5.7% $123.2M
Long-Term Debt N/A N/A N/A N/A N/A
Total Equity $9.7M+279.8% $2.6M-20.0% $3.2M-45.9% $5.9M-46.5% $11.1M
Retained Earnings -$36.1M-17.5% -$30.7M-2.5% -$30.0M-157.7% $51.9M+147.4% $21.0M

BVC Cash Flow Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Operating Cash Flow N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A

BVC Financial Ratios

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Gross Margin N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A
Current Ratio 62.56+61.4 1.11+0.1 1.03-0.7 1.72-0.1 1.86
Debt-to-Equity 0.02-5.5 5.53+1.1 4.42-39.5 43.89+23.5 20.43
FCF Margin N/A N/A N/A N/A N/A

Frequently Asked Questions

BitVentures Limited (BVC) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% 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.

BitVentures Limited (BVC) revenue declined by 100% year-over-year, from $21.8M to $0 in fiscal year 2025.

No, BitVentures Limited (BVC) reported a net income of -$5.4M in fiscal year 2025.

BitVentures Limited (BVC) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a -500.0% 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.

BitVentures Limited (BVC) had EBITDA of -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

BitVentures Limited (BVC) has a return on equity of -55.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

BitVentures Limited (BVC) generated -$6.5M in free cash flow during fiscal year 2025. This represents a -352.9% 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.

BitVentures Limited (BVC) generated -$6.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

BitVentures Limited (BVC) had $9.9M in total assets as of fiscal year 2025, including both current and long-term assets.

BitVentures Limited (BVC) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

BitVentures Limited (BVC) had 160M shares outstanding as of fiscal year 2025.

BitVentures Limited (BVC) had a current ratio of 62.56 as of fiscal year 2025, which is generally considered healthy.

BitVentures Limited (BVC) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

BitVentures Limited (BVC) had a return on assets of -54.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, BitVentures Limited (BVC) had $950K in cash against an annual operating cash burn of $6.5M. This gives an estimated cash runway of approximately 2 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.

BitVentures Limited (BVC) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

BitVentures Limited (BVC) has an earnings quality ratio of 1.21x, 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.

BitVentures Limited (BVC) 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.

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