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Bit Digital (BTBT) Financials

Bit Digital logo
$3.12 +0.09 (+2.97%)
Closing price 04:00 PM Eastern
Extended Trading
$3.14 +0.01 (+0.48%)
As of 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Bit Digital

Annual Income Statements for Bit Digital

This table shows Bit Digital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 0.16 -0.94 -3.54 -9.68 -2.28 -1.01 -105 -14 28
Consolidated Net Income / (Loss)		 0.16 -1.00 -3.54 -9.68 -2.28 -1.01 -105 -14 28
Net Income / (Loss) Continuing Operations		 0.16 -1.00 -1.89 -1.99 1.56 -1.01 -105 -14 28
Total Pre-Tax Income 		0.22 -1.27 -1.89 -1.99 1.56 2.85 -106 -14 32
Total Operating Income		 0.22 -1.36 -1.89 -1.99 1.56 5.89 -107 -17 28
Total Gross Profit		 3.71 6.95 0.00 0.00 6.96 65 12 15 46
Total Revenue		 3.71 6.95 0.00 0.00 21 96 32 45 108
Operating Revenue		 3.71 6.95 0.00 0.00 21 96 32 45 108
Total Cost of Revenue		 0.00 0.00 0.00 0.00 14 31 20 30 62
Operating Cost of Revenue		 - - 0.00 - 14 31 20 30 62
Total Operating Expenses		 3.49 8.31 1.89 1.99 6.84 84 124 42 19
Selling, General & Admin Expense		 3.07 7.83 1.89 1.99 2.52 39 23 28 42
Depreciation Expense		 - - 0.00 0.00 3.32 13 28 14 32
Other Operating Expenses / (Income)		 - - - 0.00 0.00 0.00 0.13 - 0.00
Impairment Charge		 - - - 0.00 1.00 28 75 0.00 0.00
Other Special Charges / (Income)		 - - - 0.00 0.00 3.75 -1.35 0.17 -55
Total Other Income / (Expense), net		 0.00 0.09 0.00 0.00 1.43 22 6.47 13 5.58
Interest & Investment Income		 0.00 0.02 0.00 - 0.00 0.00 1.04 0.01 0.00
Other Income / (Expense), net		 -0.00 0.08 0.00 0.00 1.43 22 5.43 13 5.58
Income Tax Expense		 0.05 -0.27 0.00 0.00 0.00 3.86 -0.59 0.28 3.98
Basic Earnings per Share		 $6.19 ($0.14) ($0.24) ($0.62) ($0.07) ($0.02) ($1.34) ($0.16) $0.20
Weighted Average Basic Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M 55.44M 78.61M 87.53M 140.35M
Diluted Earnings per Share		 $6.19 ($0.14) ($0.24) ($0.62) ($0.07) ($0.02) ($1.34) ($0.16) $0.19
Weighted Average Diluted Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M 55.44M 78.61M 87.53M 141.51M
Weighted Average Basic & Diluted Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M - - 107.29M 182.44M

Quarterly Income Statements for Bit Digital

This table shows Bit Digital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q1 2025
Period end date 3/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 50 -58
Consolidated Net Income / (Loss)		 50 -58
Net Income / (Loss) Continuing Operations		 50 -58
Total Pre-Tax Income 		52 -57
Total Operating Income		 47 -52
Total Gross Profit		 14 12
Total Revenue		 30 25
Operating Revenue		 30 25
Total Cost of Revenue		 16 13
Operating Cost of Revenue		 16 13
Total Operating Expenses		 -33 65
Selling, General & Admin Expense		 5.96 8.24
Depreciation Expense		 6.85 7.24
Other Special Charges / (Income)		 -46 50
Total Other Income / (Expense), net		 4.50 -4.34
Other Income / (Expense), net		 4.50 -4.34
Income Tax Expense		 1.58 0.67
Basic Earnings per Share		 $0.44 ($0.32)
Weighted Average Basic Shares Outstanding		 114.59M 181.41M
Diluted Earnings per Share		 $0.43 ($0.32)
Weighted Average Diluted Shares Outstanding		 115.59M 181.41M
Weighted Average Basic & Diluted Shares Outstanding		 - 207.78M

Annual Cash Flow Statements for Bit Digital

This table details how cash moves in and out of Bit Digital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 6.70 -1.92 -2.52 -18 -7.88 42 -8.39 -16 81
Net Cash From Operating Activities		 -1.09 -1.91 -5.05 -1.35 -0.97 -17 -8.50 1.11 -13
Net Cash From Continuing Operating Activities		 -1.09 -1.91 -3.32 -0.14 -8.64 -17 -8.50 1.11 -13
Net Income / (Loss) Continuing Operations		 0.16 -1.00 -1.89 -1.99 1.56 -1.01 -105 -14 28
Consolidated Net Income / (Loss)		 0.16 -1.00 -3.54 -9.68 -2.28 -1.01 -105 -14 28
Depreciation Expense		 0.04 0.06 0.00 0.00 3.32 13 28 14 32
Non-Cash Adjustments To Reconcile Net Income		 0.00 0.06 0.00 1.76 -21 -63 37 -54 -105
Changes in Operating Assets and Liabilities, net		 -1.30 -1.51 -2.18 0.09 15 34 32 54 31
Net Cash From Investing Activities		 -0.11 -0.03 -3.33 -0.92 -4.49 -47 -19 -69 -149
Net Cash From Continuing Investing Activities		 -0.11 -0.03 -1.76 -0.11 -4.49 -47 -19 -69 -149
Purchase of Property, Plant & Equipment		 -0.11 -0.05 0.00 0.00 -4.51 -47 -19 -67 -94
Acquisitions		 - - 0.00 0.00 0.01 0.00 -0.06 0.00 -39
Purchase of Investments		 - - - - 0.00 0.00 -2.00 -2.59 -17
Sale of Property, Plant & Equipment		 - - 0.00 0.00 0.00 0.00 1.08 0.00 0.77
Divestitures		 - - - - 0.00 - 0.00 0.00 0.18
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 1.71 0.09 0.00
Net Cash From Financing Activities		 8.04 -0.39 5.94 0.00 5.26 106 19 52 243
Net Cash From Continuing Financing Activities		 8.04 -0.39 5.94 0.00 5.26 106 19 52 243
Payment of Dividends		 - - - - - 0.00 0.00 -1.60 0.00
Issuance of Common Equity		 0.00 0.00 5.94 0.00 5.25 75 21 54 243
Other Financing Activities, net		 - - - 0.00 0.00 -3.20 -2.30 0.00 0.00
Cash Income Taxes Paid		 0.00 0.01 0.00 0.00 0.00 0.13 0.73 -0.63 0.13

Quarterly Cash Flow Statements for Bit Digital

This table details how cash moves in and out of Bit Digital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q1 2025
Period end date 3/31/2024 3/31/2025
Net Change in Cash & Equivalents		 17 -38
Net Cash From Operating Activities		 -21 17
Net Cash From Continuing Operating Activities		 -21 17
Net Income / (Loss) Continuing Operations		 50 -58
Consolidated Net Income / (Loss)		 50 -58
Depreciation Expense		 6.85 7.24
Non-Cash Adjustments To Reconcile Net Income		 -70 47
Changes in Operating Assets and Liabilities, net		 -7.34 21
Net Cash From Investing Activities		 -0.47 -65
Net Cash From Continuing Investing Activities		 -0.47 -65
Purchase of Property, Plant & Equipment		 -0.47 -65
Net Cash From Financing Activities		 39 9.38
Net Cash From Continuing Financing Activities		 39 9.38
Payment of Dividends		 0.00 -0.80
Issuance of Common Equity		 39 10
Cash Income Taxes Paid		 0.00 0.00

Annual Balance Sheets for Bit Digital

This table presents Bit Digital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 9.10 13 12 4.52 40 174 100 189 538
Total Current Assets		 7.91 10 5.66 0.56 8.72 90 64 83 297
Cash & Equivalents		 7.38 5.46 2.33 0.02 0.41 42 33 17 95
Restricted Cash		 - - - - - 0.00 1.32 1.32 3.73
Note & Lease Receivable		 - - - - - - - 0.00 2.55
Accounts Receivable		 0.04 0.26 0.14 0.00 6.29 29 - 0.00 5.27
Inventories, net		 - - - - - 16 - 0.41 0.41
Other Current Assets		 0.00 - - 0.01 2.02 3.05 1.43 18 28
Plant, Property, & Equipment, net		 0.09 0.08 0.72 0.00 30 32 23 81 107
Total Noncurrent Assets		 1.10 2.77 6.09 3.96 1.32 50 40 71 295
Long-Term Investments		 - - - - - - - 4.37 31
Noncurrent Note & Lease Receivables		 - - - - - - 0.00 0.40 7.18
Goodwill		 - - - - - - - 0.00 19
Intangible Assets		 - - - - - - - 0.00 13
Noncurrent Deferred & Refundable Income Taxes		 0.01 0.30 0.81 - 0.00 0.06 - 0.00 0.09
Other Noncurrent Operating Assets		 1.10 2.47 5.28 0.71 1.32 50 40 66 225
Total Liabilities & Shareholders' Equity		 9.10 13 12 4.52 40 174 100 189 538
Total Liabilities		 0.28 0.47 0.40 0.43 1.89 8.27 10 37 75
Total Current Liabilities		 0.28 0.47 0.40 0.43 1.89 5.04 7.44 27 55
Accounts Payable		 0.17 0.43 0.36 0.27 1.70 2.61 5.34 12 17
Dividends Payable		 - - - - - - - 0.00 0.80
Current Deferred Revenue		 0.03 - - - - - 0.00 13 31
Current Deferred & Payable Income Tax Liabilities		 0.08 0.04 0.05 0.00 0.00 0.56 0.00 0.05 1.60
Other Current Liabilities		 - - - 0.12 - - 0.00 1.86 4.53
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 3.23 3.04 9.54 20
Long-Term Debt		 - - - - 0.00 2.77 0.00 1.88 0.79
Noncurrent Deferred Revenue		 - - - - - - - 3.20 3.27
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - 0.00 0.46 3.04 0.11 6.41
Other Noncurrent Operating Liabilities		 - - - - - - 0.00 4.35 9.28
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8.82 12 12 4.09 38 165 90 153 463
Total Preferred & Common Equity		 7.86 12 12 3.83 38 165 90 153 463
Preferred Stock		 - - - - 0.00 9.05 9.05 9.05 9.05
Total Common Equity		 7.86 12 12 3.83 38 156 81 144 454
Common Stock		 8.05 12 16 0.15 54 184 213 292 555
Retained Earnings		 0.05 -0.89 -4.32 -14 -16 -26 -131 -147 -98
Treasury Stock		 - - - - 0.00 -1.09 -1.17 -1.17 -1.17
Accumulated Other Comprehensive Income / (Loss)		 -0.20 0.33 -0.03 -0.10 - - - 0.00 -1.57

Quarterly Balance Sheets for Bit Digital

This table presents Bit Digital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025
Period end date 3/31/2025
Total Assets		 485
Total Current Assets		 188
Cash & Equivalents		 58
Restricted Cash		 3.73
Note & Lease Receivable		 2.63
Accounts Receivable		 2.53
Inventories, net		 1.04
Other Current Assets		 42
Plant, Property, & Equipment, net		 185
Total Noncurrent Assets		 191
Long-Term Investments		 33
Noncurrent Note & Lease Receivables		 6.49
Goodwill		 19
Intangible Assets		 13
Noncurrent Deferred & Refundable Income Taxes		 0.09
Other Noncurrent Operating Assets		 119
Total Liabilities & Shareholders' Equity		 485
Total Liabilities		 68
Total Current Liabilities		 48
Accounts Payable		 20
Dividends Payable		 0.00
Current Deferred Revenue		 21
Current Deferred & Payable Income Tax Liabilities		 1.91
Other Current Liabilities		 5.03
Total Noncurrent Liabilities		 20
Long-Term Debt		 0.59
Noncurrent Deferred Revenue		 3.27
Noncurrent Deferred & Payable Income Tax Liabilities		 6.74
Other Noncurrent Operating Liabilities		 8.98
Commitments & Contingencies		 0.00
Total Equity & Noncontrolling Interests		 417
Total Preferred & Common Equity		 417
Preferred Stock		 9.05
Total Common Equity		 408
Common Stock		 568
Retained Earnings		 -156
Treasury Stock		 -1.17
Accumulated Other Comprehensive Income / (Loss)		 -2.07

Annual Metrics And Ratios for Bit Digital

This table displays calculated financial ratios and metrics derived from Bit Digital's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 87.65% -100.00% 0.00% 0.00% 356.10% -66.39% 39.07% 140.56%
EBITDA Growth		 0.00% -388.61% -53.47% -76.02% 416.79% 541.69% -282.39% 115.00% 490.45%
EBIT Growth		 0.00% -692.45% -47.31% -5.40% 250.00% 816.61% -471.21% 96.72% 1,091.94%
NOPAT Growth		 0.00% -685.12% -39.11% -5.40% 211.61% -234.20% -3,489.38% 84.49% 307.73%
Net Income Growth		 0.00% -704.83% -254.84% -173.56% 76.44% 55.69% -10,325.90% 86.81% 303.74%
EPS Growth		 0.00% -102.26% -71.43% -158.33% 88.71% 71.43% -6,600.00% 88.06% 218.75%
Operating Cash Flow Growth		 0.00% -74.74% -164.58% 73.32% 27.89% -1,685.74% 51.04% 113.01% -1,274.67%
Free Cash Flow Firm Growth		 0.00% 0.00% 37.24% 296.42% -545.59% -150.04% 95.09% -1,943.50% -100.08%
Invested Capital Growth		 0.00% 385.03% 39.42% -96.55% 11,073.72% 231.88% -56.61% 143.90% 153.98%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 100.00% 100.00% 0.00% 0.00% 33.04% 68.01% 36.91% 34.20% 42.27%
EBITDA Margin		 6.90% -10.61% 0.00% 0.00% 29.98% 42.17% -228.83% 24.68% 60.58%
Operating Margin		 5.85% -19.55% 0.00% 0.00% 7.39% 6.13% -331.82% -37.00% 25.51%
EBIT Margin		 5.85% -18.46% 0.00% 0.00% 14.19% 28.52% -315.00% -7.44% 30.67%
Profit (Net Income) Margin		 4.45% -14.34% 0.00% 0.00% -10.82% -1.05% -326.03% -30.93% 26.20%
Tax Burden Percent		 75.00% 78.59% 187.03% 485.43% -146.54% -35.48% 99.44% 102.05% 87.68%
Interest Burden Percent		 101.41% 98.80% 100.00% 100.00% 52.02% 10.39% 104.08% 407.46% 97.41%
Effective Tax Rate		 25.00% 0.00% 0.00% 0.00% 0.00% 135.48% 0.00% 0.00% 12.32%
Return on Invested Capital (ROIC)		 11.29% -22.58% 0.00% 0.00% 8.21% -2.57% -83.86% -12.50% 10.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.26% -21.87% 0.00% 0.00% 192.86% -7.84% -4.63% -4.50% 4.78%
Return on Net Nonoperating Assets (RNNOA)		 -9.42% 13.20% 0.00% 0.00% -19.04% 1.58% 1.38% 1.05% -1.15%
Return on Equity (ROE)		 1.87% -9.38% -28.85% -119.72% -10.83% -0.99% -82.48% -11.45% 9.19%
Cash Return on Invested Capital (CROIC)		 0.00% -154.21% -48.76% 158.96% -188.24% -109.96% -4.90% -96.18% -76.66%
Operating Return on Assets (OROA)		 2.38% -11.66% 0.00% 0.00% 13.47% 25.66% -74.23% -2.31% 9.11%
Return on Assets (ROA)		 1.81% -9.06% 0.00% 0.00% -10.26% -0.95% -76.83% -9.59% 7.78%
Return on Common Equity (ROCE)		 1.67% -8.69% -27.59% -114.39% -10.77% -0.95% -76.63% -10.60% 8.92%
Return on Equity Simple (ROE_SIMPLE)		 2.10% -8.42% -30.46% -252.34% -6.00% -0.61% -117.08% -9.10% 6.11%
Net Operating Profit after Tax (NOPAT)		 0.16 -0.95 -1.32 -1.40 1.56 -2.09 -75 -12 24
NOPAT Margin		 4.39% -13.69% 0.00% 0.00% 7.39% -2.18% -232.27% -25.90% 22.37%
Net Nonoperating Expense Percent (NNEP)		 0.03% -0.70% -56.81% -272.18% -184.65% 5.26% -79.24% -8.00% 5.56%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - -83.41% -7.53% 5.21%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 66.96% 31.99% 63.09% 65.80% 57.73%
SG&A Expenses to Revenue		 82.87% 112.56% 0.00% 0.00% 11.94% 40.75% 71.17% 61.60% 38.42%
R&D to Revenue		 11.28% 6.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.15% 119.55% 0.00% 0.00% 32.47% 87.44% 384.82% 94.09% 17.56%
Earnings before Interest and Taxes (EBIT)		 0.22 -1.28 -1.89 -1.99 2.99 27 -102 -3.34 33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.26 -0.74 -1.13 -1.99 6.31 41 -74 11 65
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.79 0.52 7.28 1.55 25.20 1.87 0.54 2.43 0.53
Price to Tangible Book Value (P/TBV)		 0.79 0.52 7.28 1.55 25.20 1.87 0.54 2.43 0.57
Price to Revenue (P/Rev)		 1.67 0.89 0.00 0.00 45.45 3.04 1.36 7.76 2.24
Price to Earnings (P/E)		 38.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.53
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.72%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.19 8.48 18.40 25.46 2.09 0.32 2.55 0.36
Enterprise Value to Revenue (EV/Rev)		 0.00 0.19 0.00 0.00 45.43 2.71 0.53 7.50 1.13
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 151.56 6.43 0.00 30.40 1.86
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 320.09 9.51 0.00 0.00 3.67
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 614.55 0.00 0.00 0.00 5.03
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 304.85 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.77 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00
Financial Leverage		 -0.84 -0.60 -0.32 -0.38 -0.10 -0.20 -0.30 -0.23 -0.24
Leverage Ratio		 1.03 1.04 1.04 1.05 1.06 1.05 1.07 1.19 1.18
Compound Leverage Factor		 1.05 1.02 1.04 1.05 0.55 0.11 1.12 4.87 1.15
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.65% 0.00% 1.22% 0.17%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.65% 0.00% 1.22% 0.17%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 5.38% 10.06% 5.85% 1.95%
Noncontrolling Interests to Total Capital		 10.89% 4.86% 3.87% 6.17% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 89.11% 95.14% 96.13% 93.83% 100.00% 92.97% 89.94% 92.93% 97.88%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.17 0.01
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.00 0.00 -1.86 -1.97
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.17 0.01
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -1.32 0.00 -0.16 0.03
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 19.44 0.00 1.78 -5.34
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -1.32 0.00 -0.16 0.03
Altman Z-Score		 14.68 8.93 125.26 2.62 303.74 22.63 -1.66 5.16 2.63
Noncontrolling Interest Sharing Ratio		 10.89% 7.36% 4.37% 4.45% 0.60% 4.45% 7.09% 7.46% 2.94%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 28.02 21.43 14.05 1.30 4.60 17.90 8.65 3.08 5.39
Quick Ratio		 26.28 12.18 6.14 0.04 3.54 14.36 4.63 0.62 1.87
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -6.50 -4.08 8.01 -36 -89 -4.38 -90 -179
Operating Cash Flow to CapEx		 -1,004.37% -3,888.88% 0.00% 0.00% -21.57% -37.04% -46.55% 1.66% -13.93%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.41 0.63 0.00 0.00 0.95 0.90 0.24 0.31 0.30
Accounts Receivable Turnover		 93.81 46.68 0.00 0.00 0.00 5.44 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 152.70
Fixed Asset Turnover		 42.75 81.71 0.00 0.00 0.00 3.08 1.17 0.86 1.14
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 14.33 14.26 5.12 3.39 4.23
Days Sales Outstanding (DSO)		 3.89 7.82 0.00 0.00 0.00 67.12 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.39
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 25.47 25.60 71.23 107.66 86.30
Cash Conversion Cycle (CCC)		 3.89 7.82 0.00 0.00 -25.47 41.52 -71.23 -107.66 -83.91
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 1.44 6.99 9.74 0.34 38 125 54 132 335
Invested Capital Turnover		 2.57 1.65 0.00 0.00 1.11 1.18 0.36 0.48 0.46
Increase / (Decrease) in Invested Capital		 0.00 5.55 2.76 -9.41 37 87 -71 78 203
Enterprise Value (EV)		 -0.22 1.35 83 6.19 957 261 17 337 122
Market Capitalization		 6.20 6.20 85 5.95 957 292 44 349 242
Book Value per Share		 $302.30 $1.74 $0.89 $0.26 $0.87 $3.25 $1.03 $1.74 $3.24
Tangible Book Value per Share		 $302.30 $1.74 $0.89 $0.26 $0.87 $3.25 $1.03 $1.74 $3.01
Total Capital		 8.82 12 12 4.09 38 168 90 155 464
Total Debt		 0.00 0.00 0.00 0.00 0.00 2.77 0.00 1.88 0.79
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 2.77 0.00 1.88 0.79
Net Debt		 -7.38 -5.46 -2.33 -0.02 -0.41 -41 -36 -21 -129
Capital Expenditures (CapEx)		 0.11 0.05 0.00 0.00 4.51 47 18 67 93
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.25 4.13 2.93 0.11 6.42 42 21 38 143
Debt-free Net Working Capital (DFNWC)		 7.63 9.59 5.26 0.13 6.83 85 57 56 242
Net Working Capital (NWC)		 7.63 9.59 5.26 0.13 6.83 85 57 56 242
Net Nonoperating Expense (NNE)		 -0.00 0.05 2.21 8.28 3.84 -1.08 30 2.26 -4.14
Net Nonoperating Obligations (NNO)		 -7.38 -5.46 -2.33 -3.75 -0.41 -41 -36 -21 -128
Total Depreciation and Amortization (D&A)		 0.04 0.55 0.76 0.00 3.32 13 28 14 32
Debt-free, Cash-free Net Working Capital to Revenue		 6.74% 59.40% 0.00% 0.00% 30.48% 43.58% 65.50% 84.79% 132.25%
Debt-free Net Working Capital to Revenue		 205.86% 137.87% 0.00% 0.00% 32.40% 88.75% 176.34% 125.27% 223.81%
Net Working Capital to Revenue		 205.86% 137.87% 0.00% 0.00% 32.40% 88.75% 176.34% 125.27% 223.81%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.14) $0.00 ($0.62) ($0.06) $0.09 ($1.34) ($0.16) $0.20
Adjusted Weighted Average Basic Shares Outstanding		 0.00 13M 0.00 15.20M 48.04M 55.44M 78.61M 87.53M 140.35M
Adjusted Diluted Earnings per Share		 $0.00 ($0.14) $0.00 ($0.62) ($0.06) $0.08 ($1.34) ($0.16) $0.19
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 13M 0.00 15.20M 48.04M 57.53M 78.61M 87.53M 141.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.14) $0.00 ($0.62) ($0.06) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 6.82M 0.00 15.20M 30.59M 0.00 0.00 107.29M 182.44M
Normalized Net Operating Profit after Tax (NOPAT)		 0.16 -0.95 -1.32 -1.40 1.79 26 -24 -12 -24
Normalized NOPAT Margin		 4.39% -13.69% 0.00% 0.00% 8.49% 27.42% -73.32% -25.64% -22.14%
Pre Tax Income Margin		 5.93% -18.24% 0.00% 0.00% 7.38% 2.96% -327.87% -30.31% 29.88%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -11.52% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -108.41% 0.00% -11.52% 0.00%

Quarterly Metrics And Ratios for Bit Digital

This table displays calculated financial ratios and metrics derived from Bit Digital's official financial filings.

Metric Q1 2024 Q1 2025
Period end date 3/31/2024 3/31/2025
Growth Metrics		 - -
Revenue Growth		 0.00% -17.38%
EBITDA Growth		 0.00% -184.55%
EBIT Growth		 0.00% -209.77%
NOPAT Growth		 0.00% -180.18%
Net Income Growth		 0.00% -215.23%
EPS Growth		 0.00% -174.42%
Operating Cash Flow Growth		 0.00% 183.39%
Free Cash Flow Firm Growth		 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00%
Profitability Metrics		 - -
Gross Margin		 46.82% 49.05%
EBITDA Margin		 192.53% -197.03%
Operating Margin		 155.20% -208.60%
EBIT Margin		 170.01% -225.88%
Profit (Net Income) Margin		 164.81% -229.88%
Tax Burden Percent		 96.95% 101.18%
Interest Burden Percent		 100.00% 100.59%
Effective Tax Rate		 3.05% 0.00%
Return on Invested Capital (ROIC)		 0.00% -92.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -47.87%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 10.76%
Return on Equity (ROE)		 0.00% -81.99%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -47.84%
Return on Assets (ROA)		 0.00% -48.69%
Return on Common Equity (ROCE)		 0.00% -80.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -19.04%
Net Operating Profit after Tax (NOPAT)		 46 -37
NOPAT Margin		 150.46% -146.02%
Net Nonoperating Expense Percent (NNEP)		 0.00% -44.87%
Return On Investment Capital (ROIC_SIMPLE)		 - -8.77%
Cost of Revenue to Revenue		 53.18% 50.95%
SG&A Expenses to Revenue		 19.60% 32.81%
R&D to Revenue		 0.00% 0.00%
Operating Expenses to Revenue		 -108.37% 258.98%
Earnings before Interest and Taxes (EBIT)		 52 -57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 -49
Valuation Ratios		 - -
Price to Book Value (P/BV)		 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00
Dividend Yield		 0.00% 0.00%
Earnings Yield		 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00
Leverage & Solvency		 - -
Debt to Equity		 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00
Financial Leverage		 0.00 -0.22
Leverage Ratio		 0.00 1.16
Compound Leverage Factor		 0.00 1.17
Debt to Total Capital		 0.00% 0.14%
Short-Term Debt to Total Capital		 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.14%
Preferred Equity to Total Capital		 0.00% 2.17%
Noncontrolling Interests to Total Capital		 0.00% 0.00%
Common Equity to Total Capital		 0.00% 97.69%
Debt to EBITDA		 0.00 -0.01
Net Debt to EBITDA		 0.00 2.21
Long-Term Debt to EBITDA		 0.00 -0.01
Debt to NOPAT		 0.00 -0.01
Net Debt to NOPAT		 0.00 1.86
Long-Term Debt to NOPAT		 0.00 -0.01
Altman Z-Score		 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 2.17%
Liquidity Ratios		 - -
Current Ratio		 0.00 3.90
Quick Ratio		 0.00 1.30
Cash Flow Metrics		 - -
Free Cash Flow to Firm (FCFF)		 0.00 -360
Operating Cash Flow to CapEx		 -4,398.64% 26.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00
Efficiency Ratios		 - -
Asset Turnover		 0.00 0.21
Accounts Receivable Turnover		 0.00 40.60
Inventory Turnover		 0.00 56.93
Fixed Asset Turnover		 0.00 0.55
Accounts Payable Turnover		 0.00 2.93
Days Sales Outstanding (DSO)		 0.00 8.99
Days Inventory Outstanding (DIO)		 0.00 6.41
Days Payable Outstanding (DPO)		 0.00 124.54
Cash Conversion Cycle (CCC)		 0.00 -109.14
Capital & Investment Metrics		 - -
Invested Capital		 0.00 324
Invested Capital Turnover		 0.00 0.64
Increase / (Decrease) in Invested Capital		 0.00 324
Enterprise Value (EV)		 0.00 0.00
Market Capitalization		 237 0.00
Book Value per Share		 $0.00 $2.25
Tangible Book Value per Share		 $0.00 $2.07
Total Capital		 0.00 418
Total Debt		 0.00 0.59
Total Long-Term Debt		 0.00 0.59
Net Debt		 0.00 -94
Capital Expenditures (CapEx)		 0.47 65
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 78
Debt-free Net Working Capital (DFNWC)		 0.00 140
Net Working Capital (NWC)		 0.00 140
Net Nonoperating Expense (NNE)		 -4.36 21
Net Nonoperating Obligations (NNO)		 0.00 -94
Total Depreciation and Amortization (D&A)		 6.85 7.24
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 76.37%
Debt-free Net Working Capital to Revenue		 0.00% 136.01%
Net Working Capital to Revenue		 0.00% 136.01%
Earnings Adjustments		 - -
Adjusted Basic Earnings per Share		 $0.00 ($0.32)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 181.41M
Adjusted Diluted Earnings per Share		 $0.00 ($0.32)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 181.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 207.78M
Normalized Net Operating Profit after Tax (NOPAT)		 1.38 -1.98
Normalized NOPAT Margin		 4.55% -7.89%
Pre Tax Income Margin		 170.01% -227.20%
Debt Service Ratios		 - -
EBIT to Interest Expense		 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00
Payout Ratios		 - -
Dividend Payout Ratio		 0.00% -1.01%
Augmented Payout Ratio		 0.00% -1.01%

Financials Breakdown Chart

Key Financial Trends

Bit Digital (NASDAQ: BTBT) reported its Q1 2025 financial results showing notable changes compared to Q1 2024 across income, cash flows, and balance sheet positions.

  • Despite a net loss, the company generated positive net cash from continuing operating activities of $17.4 million in Q1 2025, indicating operational cash flow support amidst challenges.
  • Bit Digital increased its property, plant, and equipment (PPE) assets to $185.3 million as of Q1 2025, reflecting significant investments in mining infrastructure.
  • Total equity rose strongly to $417.4 million by the end of Q1 2025, suggesting a solid capital base to support future growth.
  • Issuance of common equity contributed $10.2 million of cash in Q1 2025, providing additional financing support for operations and investments.
  • Cash and equivalents ended Q1 2025 at $57.6 million, which provides liquidity comfort despite ongoing losses.
  • The company reported a net loss of $57.7 million in Q1 2025 compared to net income of $50.1 million in Q1 2024, showing a significant earnings deterioration.
  • Total operating revenue decreased to $25.1 million in Q1 2025 from $30.4 million in Q1 2024, reflecting pressure on sales or pricing.
  • Depreciation expense increased modestly to $7.2 million in Q1 2025, consistent with the larger asset base.
  • Weighted average shares outstanding increased significantly to 181.4 million basic shares in Q1 2025 from 114.6 million in Q1 2024, diluting per-share earnings.
  • Bit Digital incurred sharply higher operating expenses of $65.0 million in Q1 2025 versus a negative $32.9 million in Q1 2024 (due to a large special income credit in 2024), severely impacting profitability.
  • The company experienced a net cash outflow from investing activities of $64.96 million in Q1 2025, reflecting heavy capital expenditure demands.
  • Net change in cash and equivalents was a negative $38.2 million in Q1 2025, indicating cash burn despite financing inflows.
  • Other special charges totaled $49.5 million in Q1 2025, drastically higher than a credit of $45.7 million in Q1 2024, contributing to the earnings decline.
  • Net income per share fell to a loss of $0.32 per share diluted in Q1 2025 versus a positive $0.43 per share diluted in Q1 2024, reflecting the operational and financial challenges.

Summary: Bit Digital is investing heavily in capital assets, supported by equity financing, which is increasing its asset base and cash reserves. However, the company is facing significant earnings pressure due to higher operating expenses and special charges, leading to a net loss and cash outflows. The earnings deterioration and high expenses alongside cash burn highlight operational challenges ahead. Investors should monitor the company’s ability to control costs and improve profitability while managing capital investments.

09/18/25 07:07 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Bit Digital's Financials

When does Bit Digital's fiscal year end?

According to the most recent income statement we have on file, Bit Digital's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bit Digital's net income changed over the last 8 years?

Bit Digital's net income appears to be on an upward trend, with a most recent value of $28.31 million in 2024, rising from $164.81 thousand in 2016. The previous period was -$13.89 million in 2023. See where experts think Bit Digital is headed by visiting Bit Digital's forecast page.

What is Bit Digital's operating income?
Bit Digital's total operating income in 2024 was $27.56 million, based on the following breakdown:
  • Total Gross Profit: $45.67 million
  • Total Operating Expenses: $18.97 million
How has Bit Digital's revenue changed over the last 8 years?

Over the last 8 years, Bit Digital's total revenue changed from $3.71 million in 2016 to $108.05 million in 2024, a change of 2,815.7%.

How much debt does Bit Digital have?

Bit Digital's total liabilities were at $74.77 million at the end of 2024, a 104.1% increase from 2023, and a 26,386.1% increase since 2016.

How much cash does Bit Digital have?

In the past 8 years, Bit Digital's cash and equivalents has ranged from $15.99 thousand in 2019 to $95.20 million in 2024, and is currently $95.20 million as of their latest financial filing in 2024.

How has Bit Digital's book value per share changed over the last 8 years?

Over the last 8 years, Bit Digital's book value per share changed from 302.30 in 2016 to 3.24 in 2024, a change of -98.9%.


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This page (NASDAQ:BTBT) was last updated on 9/18/2025 by MarketBeat.com Staff
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