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Bit Digital (BTBT) Financials

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$1.58 +0.02 (+0.96%)
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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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.16 -0.94 -3.54 -9.68 -2.28 -1.01 -105 -14 28 -80
Consolidated Net Income / (Loss)		 0.16 -1.00 -3.54 -9.68 -2.28 -1.01 -105 -14 28 -85
Net Income / (Loss) Continuing Operations		 0.16 -1.00 -1.89 -1.99 1.56 -1.01 -105 -14 28 -85
Total Pre-Tax Income 		0.22 -1.27 -1.89 -1.99 1.56 2.85 -106 -14 32 -87
Total Operating Income		 0.22 -1.36 -1.89 -1.99 1.56 5.89 -107 -17 28 -92
Total Gross Profit		 3.71 6.95 0.00 0.00 6.96 65 12 15 46 61
Total Revenue		 3.71 6.95 0.00 0.00 21 96 32 45 108 114
Operating Revenue		 3.71 6.95 0.00 0.00 21 96 32 45 108 114
Total Cost of Revenue		 0.00 0.00 0.00 0.00 14 31 20 30 62 52
Operating Cost of Revenue		 - - 0.00 - 14 31 20 30 62 52
Total Operating Expenses		 3.49 8.31 1.89 1.99 6.84 84 124 42 75 125
Selling, General & Admin Expense		 3.07 7.83 1.89 1.99 2.52 39 23 28 42 81
Depreciation Expense		 - - 0.00 0.00 3.32 13 28 14 32 37
Other Operating Expenses / (Income)		 - - - 0.00 0.00 0.00 0.13 - 0.00 0.00
Impairment Charge		 - - - 0.00 1.00 28 75 0.00 0.00 6.01
Other Special Charges / (Income)		 - - - 0.00 0.00 3.75 -1.35 0.17 0.86 0.91
Total Other Income / (Expense), net		 0.00 0.09 0.00 0.00 1.43 22 6.47 13 61 -23
Interest Expense		 - - - - - - - 0.00 0.00 3.09
Interest & Investment Income		 0.00 0.02 0.00 - 0.00 0.00 1.04 0.01 0.00 0.00
Other Income / (Expense), net		 -0.00 0.08 0.00 0.00 1.43 22 5.43 13 61 -20
Income Tax Expense		 0.05 -0.27 0.00 0.00 0.00 3.86 -0.59 0.28 3.98 -2.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.05 0.00 - - - - 0.00 0.00 -4.61
Basic Earnings per Share		 $6.19 ($0.14) ($0.24) ($0.62) ($0.07) ($0.02) ($1.34) ($0.16) $0.20 ($0.31)
Weighted Average Basic Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M 55.44M 78.61M 87.53M 140.35M 257.88M
Diluted Earnings per Share		 $6.19 ($0.14) ($0.24) ($0.62) ($0.07) ($0.02) ($1.34) ($0.16) $0.19 ($0.31)
Weighted Average Diluted Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M 55.44M 78.61M 87.53M 141.51M 257.88M
Weighted Average Basic & Diluted Shares Outstanding		 26K 6.82M 14.39M 15.20M 30.59M - - 107.29M 182.44M 326.58M

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 50 -12 -39 29 -58 15 151 -188 -147 -107
Consolidated Net Income / (Loss)		 50 -12 -39 29 -58 15 147 -189 -150 -112
Net Income / (Loss) Continuing Operations		 50 -12 -39 29 -58 15 147 -189 -150 -112
Total Pre-Tax Income 		52 -11 -38 30 -57 16 147 -194 -150 -113
Total Operating Income		 47 -11 -37 28 -52 12 142 -193 -143 -83
Total Gross Profit		 14 43 7.37 -19 -37 12 18 18 -105 19
Total Revenue		 30 58 23 -3.26 25 26 30 32 28 32
Operating Revenue		 30 58 23 -3.26 25 26 30 - 28 32
Total Cost of Revenue		 16 15 15 16 62 13 12 14 133 14
Operating Cost of Revenue		 16 15 15 16 62 13 12 14 133 14
Total Operating Expenses		 -33 54 44 9.28 16 0.74 -123 182 36 101
Selling, General & Admin Expense		 5.96 5.48 14 16 8.24 20 33 20 28 23
Depreciation Expense		 6.85 8.35 8.38 8.74 7.24 8.22 9.64 12 10 10
Other Operating Expenses / (Income)		 - 41 - - - -27 - - - 29
Impairment Charge		 - - 0.00 - - 0.00 1.84 - - 51
Other Special Charges / (Income)		 -46 0.00 22 25 0.33 0.00 -168 146 -1.82 -11
Total Other Income / (Expense), net		 4.50 0.14 -1.56 58 -4.34 4.73 6.16 -30 -8.77 -31
Interest Expense		 - - - - 0.00 0.00 - - 5.08 8.06
Other Income / (Expense), net		 4.50 0.14 -1.56 58 -4.34 4.73 6.16 -27 -3.68 -22
Income Tax Expense		 1.58 0.54 0.63 1.23 0.67 1.59 0.70 -4.97 0.42 -1.46
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 - 0.00 0.00 -4.16 - -3.61 -4.45
Basic Earnings per Share		 $0.44 ($0.09) ($0.26) $0.11 ($0.32) $0.07 $0.48 ($0.54) ($0.45) ($0.31)
Weighted Average Basic Shares Outstanding		 114.59M 128.05M 149.68M 140.35M 181.41M 206.89M 317.30M 257.88M 325.64M 350.02M
Diluted Earnings per Share		 $0.43 ($0.09) ($0.26) $0.11 ($0.32) $0.07 $0.47 ($0.53) ($0.45) ($0.31)
Weighted Average Diluted Shares Outstanding		 115.59M 128.05M 149.68M 141.51M 181.41M 208.82M 318.90M 257.88M 325.64M 350.02M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 182.44M 207.78M 321.43M 323.67M 326.58M 349.19M 360.63M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 6.70 -1.92 -2.52 -18 -7.88 42 -8.39 -16 81 23
Net Cash From Operating Activities		 -1.09 -1.91 -5.05 -1.35 -0.97 -17 -8.50 1.11 -13 -289
Net Cash From Continuing Operating Activities		 -1.09 -1.91 -3.32 -0.14 -8.64 -17 -8.50 1.11 -13 -289
Net Income / (Loss) Continuing Operations		 0.16 -1.00 -1.89 -1.99 1.56 -1.01 -105 -14 28 -85
Consolidated Net Income / (Loss)		 0.16 -1.00 -3.54 -9.68 -2.28 -1.01 -105 -14 28 -85
Depreciation Expense		 0.04 0.06 0.00 0.00 3.32 13 28 14 32 37
Amortization Expense		 0.00 0.49 0.76 - - - - 0.00 0.00 1.72
Non-Cash Adjustments To Reconcile Net Income		 0.00 0.06 0.00 1.76 -21 -63 37 -48 -108 15
Changes in Operating Assets and Liabilities, net		 -1.30 -1.51 -2.18 0.09 15 34 32 48 34 -257
Net Cash From Investing Activities		 -0.11 -0.03 -3.33 -0.92 -4.49 -47 -19 -69 -149 -287
Net Cash From Continuing Investing Activities		 -0.11 -0.03 -1.76 -0.11 -4.49 -47 -19 -69 -149 -287
Purchase of Property, Plant & Equipment		 -0.11 -0.05 0.00 0.00 -4.51 -47 -19 -67 -94 -286
Acquisitions		 - - 0.00 0.00 0.01 0.00 -0.06 0.00 -39 -1.59
Purchase of Investments		 - - - - 0.00 0.00 -2.00 -2.59 -17 -2.00
Sale of Property, Plant & Equipment		 - - 0.00 0.00 0.00 0.00 1.08 0.00 0.77 2.11
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 1.71 0.09 0.00 0.00
Other Investing Activities, net		 0.00 0.02 -1.76 -0.11 0.00 - - 0.00 0.18 0.00
Net Cash From Financing Activities		 8.04 -0.39 5.94 0.00 5.26 106 19 52 243 599
Net Cash From Continuing Financing Activities		 8.04 -0.39 5.94 0.00 5.26 106 19 52 243 599
Repayment of Debt		 - - - 0.00 0.00 -0.01 - 0.00 0.00 -0.09
Payment of Dividends		 - - - - - 0.00 0.00 -1.60 0.00 -0.80
Issuance of Debt		 - - 0.00 0.00 0.01 36 - 8.57 243 370
Issuance of Common Equity		 0.00 0.00 5.94 0.00 5.25 75 21 45 0.00 230
Other Financing Activities, net		 - - - 0.00 0.00 -3.20 -2.30 0.00 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 0.67

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 17 26 44 -6.56 -38 124 -2.40 -61 -39 3.68
Net Cash From Operating Activities		 -21 -9.50 10 7.32 17 18 -240 -84 -1.09 48
Net Cash From Continuing Operating Activities		 -21 -9.50 10 7.32 17 18 -240 -84 -1.09 48
Net Income / (Loss) Continuing Operations		 50 -12 -39 29 -58 15 147 -189 -150 -112
Consolidated Net Income / (Loss)		 50 -12 -39 29 -58 15 147 -189 -150 -112
Depreciation Expense		 6.85 8.35 8.38 8.74 7.24 8.22 9.64 12 10 10
Amortization Expense		 - - - - 0.00 - - - 1.78 2.43
Non-Cash Adjustments To Reconcile Net Income		 -70 -3.77 13 -47 46 -30 -185 182 142 64
Changes in Operating Assets and Liabilities, net		 -7.34 -2.13 27 16 22 24 -211 -91 -4.29 83
Net Cash From Investing Activities		 -0.47 -6.19 -17 -125 -65 -83 -16 -123 -143 -170
Net Cash From Continuing Investing Activities		 -0.47 -6.19 -17 -125 -65 -83 -16 -123 -143 -170
Purchase of Property, Plant & Equipment		 -0.47 -5.09 -1.61 -87 -65 -82 -17 -122 -169 -176
Sale of Property, Plant & Equipment		 - - 0.18 0.60 0.00 - 1.05 0.15 26 0.00
Net Cash From Financing Activities		 39 42 51 111 9.38 190 253 146 105 126
Net Cash From Continuing Financing Activities		 39 42 51 111 9.38 190 253 146 105 126
Repayment of Debt		 - - - - 0.00 - - - -0.28 -12
Issuance of Debt		 - - - 111 10 - - 312 226 138
Issuance of Common Equity		 39 42 -80 - 0.00 190 173 -143 -120 -0.00
Cash Income Taxes Paid		 0.00 0.01 - 0.12 0.00 0.23 - 0.44 0.70 0.52

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 2025
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 12/31/2025
Total Assets		 9.10 13 12 4.52 40 174 100 189 538 1,174
Total Current Assets		 7.91 10 5.66 0.56 8.72 90 64 83 297 178
Cash & Equivalents		 7.38 5.46 2.33 0.02 0.41 42 33 17 95 118
Restricted Cash		 - - - - - 0.00 1.32 1.32 3.73 3.86
Note & Lease Receivable		 - - - - - - - 0.00 0.00 4.66
Accounts Receivable		 0.04 0.26 0.14 0.00 6.29 29 - 0.00 5.27 24
Other Current Assets		 0.00 - - 0.01 2.02 3.05 1.43 18 190 27
Plant, Property, & Equipment, net		 0.09 0.08 0.72 0.00 30 32 23 81 107 360
Total Noncurrent Assets		 1.10 2.77 6.09 3.96 1.32 50 40 71 137 636
Long-Term Investments		 - - - - - - - 4.37 31 69
Noncurrent Note & Lease Receivables		 - - - - - - 0.00 0.40 9.73 22
Goodwill		 - - - - - - - 0.00 19 20
Intangible Assets		 - - - - - - - 0.00 13 13
Noncurrent Deferred & Refundable Income Taxes		 0.01 0.30 0.81 - 0.00 0.06 - 0.00 0.09 2.58
Other Noncurrent Operating Assets		 1.10 2.47 5.28 0.71 1.32 50 40 66 64 509
Total Liabilities & Shareholders' Equity		 9.10 13 12 4.52 40 174 100 189 538 1,174
Total Liabilities		 0.28 0.47 0.40 0.43 1.89 8.27 10 37 75 309
Total Current Liabilities		 0.28 0.47 0.40 0.43 1.89 5.04 7.44 27 55 93
Short-Term Debt		 - - - - - - - - - 0.00
Accounts Payable		 0.17 0.43 0.36 0.27 1.70 2.61 5.34 12 17 65
Current Deferred Revenue		 0.03 - - - - - 0.00 13 31 8.00
Current Deferred & Payable Income Tax Liabilities		 0.08 0.04 0.05 0.00 0.00 0.56 0.00 0.05 1.60 1.55
Other Current Liabilities		 - - - 0.12 - - 0.00 1.86 4.53 18
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 3.23 3.04 9.54 20 216
Long-Term Debt		 - - - - 0.00 2.77 0.00 1.88 0.79 110
Noncurrent Deferred Revenue		 - - - - - - - 3.20 3.27 72
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - 0.00 0.46 3.04 0.11 6.41 9.69
Other Noncurrent Operating Liabilities		 - - - - - - 0.00 4.35 9.28 25
Commitments & Contingencies		 0.00 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 90 153 463 865
Total Preferred & Common Equity		 7.86 12 12 3.83 38 165 90 153 463 724
Preferred Stock		 - - - - 0.00 9.05 9.05 9.05 9.05 9.05
Total Common Equity		 7.86 12 12 3.83 38 156 81 144 454 715
Common Stock		 8.05 12 16 0.15 54 184 213 292 555 893
Retained Earnings		 0.05 -0.89 -4.32 -14 -16 -26 -131 -147 -98 -179
Treasury Stock		 - - - - 0.00 -1.09 -1.17 -1.17 -1.17 -1.17
Accumulated Other Comprehensive Income / (Loss)		 -0.20 0.33 -0.03 -0.10 - - - 0.00 -1.57 1.33
Noncontrolling Interest		 0.96 0.61 0.47 0.25 - - - - 0.00 141

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 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 485 723 1,133 1,181 1,236
Total Current Assets		 188 314 673 500 245
Cash & Equivalents		 58 181 179 80 84
Restricted Cash		 3.73 3.73 3.73 4.32 4.31
Note & Lease Receivable		 2.63 3.92 4.53 4.30 2.97
Accounts Receivable		 2.53 6.49 17 92 129
Other Current Assets		 42 27 43 320 26
Plant, Property, & Equipment, net		 185 254 271 452 668
Total Noncurrent Assets		 191 247 613 229 323
Long-Term Investments		 33 39 87 56 48
Noncurrent Note & Lease Receivables		 6.49 9.37 11 9.04 8.38
Goodwill		 19 20 20 20 19
Intangible Assets		 13 13 13 12 40
Noncurrent Deferred & Refundable Income Taxes		 0.09 0.09 0.09 4.54 7.56
Other Noncurrent Operating Assets		 119 165 483 127 200
Total Liabilities & Shareholders' Equity		 485 723 1,133 1,181 1,236
Total Liabilities		 68 90 88 572 704
Total Current Liabilities		 48 40 38 79 163
Short-Term Debt		 - - - - 78
Accounts Payable		 20 21 24 41 60
Current Deferred Revenue		 21 12 7.77 19 18
Current Deferred & Payable Income Tax Liabilities		 1.91 1.94 1.39 0.79 0.37
Other Current Liabilities		 5.03 5.49 5.62 18 5.46
Total Noncurrent Liabilities		 20 50 49 493 541
Long-Term Debt		 0.59 0.39 0.20 334 362
Noncurrent Deferred Revenue		 3.27 3.22 3.21 126 125
Noncurrent Deferred & Payable Income Tax Liabilities		 6.74 8.26 9.43 12 14
Other Noncurrent Operating Liabilities		 8.98 38 36 21 40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 417 633 1,046 609 532
Total Preferred & Common Equity		 417 633 906 469 395
Preferred Stock		 9.05 9.05 9.05 9.05 9.05
Total Common Equity		 408 624 897 460 386
Common Stock		 568 765 888 787 822
Retained Earnings		 -156 -141 9.84 -326 -433
Treasury Stock		 -1.17 -1.17 -1.17 -1.17 -1.17
Accumulated Other Comprehensive Income / (Loss)		 -2.07 1.36 0.41 0.13 -1.28
Noncontrolling Interest		 - - 139 139 137

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 2025
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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - 82,426,279.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 82,426,279.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.97
Growth Metrics		 - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 0.16 -0.95 -1.32 -1.40 1.56 -2.09 -75 -12 24 -64
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - -83.41% -7.53% 5.21% -6.59%
Earnings before Interest and Taxes (EBIT)		 0.22 -1.28 -1.89 -1.99 2.99 27 -102 -3.34 33 -112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.26 -0.74 -1.13 -1.99 6.31 41 -74 11 65 -74
Valuation Ratios		 - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -6.50 -4.08 8.01 -36 -89 -4.38 -90 -179 -513
Efficiency Ratios		 - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1.44 6.99 9.74 0.34 38 125 54 132 335 784
Increase / (Decrease) in Invested Capital		 0.00 5.55 2.76 -9.41 37 87 -71 78 203 449
Book Value per Share		 $302.30 $1.74 $0.89 $0.26 $0.87 $3.25 $1.03 $1.74 $3.24 $2.77
Tangible Book Value per Share		 $302.30 $1.74 $0.89 $0.26 $0.87 $3.25 $1.03 $1.74 $3.01 $2.64
Total Capital		 8.82 12 12 4.09 38 168 90 155 464 976
Total Debt		 0.00 0.00 0.00 0.00 0.00 2.77 0.00 1.88 0.79 110
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 2.77 0.00 1.88 0.79 110
Net Debt		 -7.38 -5.46 -2.33 -0.02 -0.41 -41 -36 -21 -129 -81
Capital Expenditures (CapEx)		 0.11 0.05 0.00 0.00 4.51 47 18 67 93 284
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.25 4.13 2.93 0.11 6.42 42 21 38 143 379
Debt-free Net Working Capital (DFNWC)		 7.63 9.59 5.26 0.13 6.83 85 57 56 242 501
Net Working Capital (NWC)		 7.63 9.59 5.26 0.13 6.83 85 57 56 242 501
Net Nonoperating Expense (NNE)		 -0.00 0.05 2.21 8.28 3.84 -1.08 30 2.26 -4.14 21
Net Nonoperating Obligations (NNO)		 -7.38 -5.46 -2.33 -3.75 -0.41 -41 -36 -21 -128 -81
Total Depreciation and Amortization (D&A)		 0.04 0.55 0.76 0.00 3.32 13 28 14 32 39
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 ($0.31)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 13M 0.00 15.20M 48.04M 55.44M 78.61M 87.53M 140.35M 257.88M
Adjusted Diluted Earnings per Share		 $0.00 ($0.14) $0.00 ($0.62) ($0.06) $0.08 ($1.34) ($0.16) $0.19 ($0.31)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 13M 0.00 15.20M 48.04M 57.53M 78.61M 87.53M 141.51M 257.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.14) $0.00 ($0.62) ($0.06) $0.00 $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 326.58M
Normalized Net Operating Profit after Tax (NOPAT)		 0.16 -0.95 -1.32 -1.40 1.79 26 -24 -12 -24 -59
Debt Service Ratios		 - - - - - - - - - -
Payout Ratios		 - - - - - - - - - -

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - 82,426,279.00 - - - 82,426,279.00 82,426,279.00 349,190,420.00
DEI Adjusted Shares Outstanding		 - - - 82,426,279.00 - - - 82,426,279.00 82,426,279.00 349,190,420.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 0.35 - - - -2.29 -1.78 -0.31
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% - -17.38% -55.83% 33.39% - 11.23% 25.15%
EBITDA Growth		 0.00% 0.00% 0.00% - -184.55% 924.15% 629.13% - -172.48% -474.83%
EBIT Growth		 0.00% 0.00% 0.00% - -209.77% 245.17% 487.67% - -158.52% -738.11%
NOPAT Growth		 0.00% 0.00% 0.00% - -180.18% 231.96% 650.69% - -172.90% -645.40%
Net Income Growth		 0.00% 0.00% 0.00% - -215.23% 224.44% 478.20% - -160.40% -850.80%
EPS Growth		 0.00% 0.00% 0.00% - -174.42% 177.78% 280.77% - -40.63% -542.86%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% - 183.39% 286.19% -2,485.45% - -106.29% 170.48%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - -60.86% -21.40%
Invested Capital Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 148.16% 104.14%
Revenue Q/Q Growth		 0.00% 91.16% -60.68% - 0.00% 2.21% 18.72% - -13.63% 15.00%
EBITDA Q/Q Growth		 0.00% -105.12% -894.23% - 0.00% 149.91% 538.32% - 35.25% 31.34%
EBIT Q/Q Growth		 0.00% -121.96% -236.50% - 0.00% 129.04% 798.60% - 33.33% 28.33%
NOPAT Q/Q Growth		 0.00% -117.58% -218.91% - 0.00% 128.93% 1,230.88% - 25.95% 42.19%
Net Income Q/Q Growth		 0.00% -123.87% -224.56% - 0.00% 125.77% 886.44% - 20.41% 25.69%
EPS Q/Q Growth		 0.00% -120.93% -188.89% - 0.00% 121.88% 571.43% - 15.09% 31.11%
Operating Cash Flow Q/Q Growth		 0.00% 54.46% 205.86% - 0.00% 1.67% -1,456.23% - 98.70% 4,471.86%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% - 0.00% -10.79% -59.13% - 0.77% 16.38%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% - 0.00% 26.62% 89.45% - 2.40% 4.16%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 46.82% 73.91% 32.27% - 49.05% 48.62% 60.17% - -376.91% 57.92%
EBITDA Margin		 192.53% -5.16% -130.41% - -197.03% 96.22% 517.33% - -482.65% -288.17%
Operating Margin		 155.20% -19.76% -160.31% - -208.60% 45.75% 465.48% - -511.78% -257.26%
EBIT Margin		 170.01% -19.53% -167.12% - -225.88% 64.17% 485.69% - -524.96% -327.17%
Profit (Net Income) Margin		 164.81% -20.58% -169.87% - -229.88% 57.97% 481.63% - -538.16% -347.73%
Tax Burden Percent		 96.95% 104.75% 101.65% - 101.18% 90.33% 99.53% - 100.28% 98.71%
Interest Burden Percent		 100.00% 100.61% 100.00% - 100.59% 100.00% 99.64% - 102.23% 107.67%
Effective Tax Rate		 3.05% 0.00% 0.00% - 0.00% 9.67% 0.47% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% - -92.75% 14.19% 93.06% - -74.02% -35.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% - -47.87% 10.37% 88.91% - -174.00% -168.70%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% - 10.76% -3.66% -22.90% - -17.04% -11.70%
Return on Equity (ROE)		 0.00% 0.00% 0.00% - -81.99% 10.53% 70.16% - -91.06% -47.20%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - -107.77% -99.57%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% - -47.84% 6.24% 33.42% - -73.35% -41.02%
Return on Assets (ROA)		 0.00% 0.00% 0.00% - -48.69% 5.64% 33.14% - -75.19% -43.60%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% - -80.21% 10.38% 60.20% - -77.07% -40.92%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% - -19.04% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 -8.04 -26 27 -37 11 141 -135 -100 -58
NOPAT Margin		 150.46% -13.83% -112.21% - -146.02% 41.33% 463.27% - -358.25% -180.08%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% - -44.87% 3.82% 4.15% - 99.99% 133.20%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 5.89% -8.77% 1.67% 13.50% -13.85% -10.61% -5.95%
Cost of Revenue to Revenue		 53.18% 26.09% 67.73% - 50.95% 51.38% 39.84% - 476.91% 42.08%
SG&A Expenses to Revenue		 19.60% 9.44% 59.91% - 32.81% 76.65% 108.64% - 98.93% 70.28%
R&D to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue		 -108.37% 93.57% 192.57% - 258.98% 2.87% -403.54% - 128.35% 315.18%
Earnings before Interest and Taxes (EBIT)		 52 -11 -38 87 -57 16 148 -220 -147 -105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 -3.00 -30 95 -49 25 158 -208 -135 -93
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 1.63
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 1.92
Price to Revenue (P/Rev)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 5.12
Price to Earnings (P/E)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 1.29
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 8.78
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 - 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 0.00 - 0.55 0.83
Long-Term Debt to Equity		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.55 0.68
Financial Leverage		 0.00 0.00 0.00 - -0.22 -0.35 -0.26 - 0.10 0.07
Leverage Ratio		 0.00 0.00 0.00 - 1.16 1.14 1.08 - 1.62 1.68
Compound Leverage Factor		 0.00 0.00 0.00 - 1.17 1.14 1.08 - 1.66 1.81
Debt to Total Capital		 0.00% 0.00% 0.00% - 0.14% 0.06% 0.02% - 35.44% 45.26%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00% 8.07%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% - 0.14% 0.06% 0.02% - 35.44% 37.20%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% - 2.17% 1.43% 0.87% - 0.96% 0.93%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% - 0.00% 0.00% 13.33% - 14.79% 14.09%
Common Equity to Total Capital		 0.00% 0.00% 0.00% - 97.69% 98.51% 85.78% - 48.80% 39.72%
Debt to EBITDA		 0.00 0.00 0.00 - -0.01 -0.03 0.00 - -2.10 -1.59
Net Debt to EBITDA		 0.00 0.00 0.00 - 2.21 15.07 -1.56 - -1.22 -1.10
Long-Term Debt to EBITDA		 0.00 0.00 0.00 - -0.01 -0.03 0.00 - -2.10 -1.31
Debt to NOPAT		 0.00 0.00 0.00 - -0.01 -0.01 0.00 - -2.62 -2.27
Net Debt to NOPAT		 0.00 0.00 0.00 - 1.86 6.55 -2.14 - -1.52 -1.57
Long-Term Debt to NOPAT		 0.00 0.00 0.00 - -0.01 -0.01 0.00 - -2.62 -1.87
Altman Z-Score		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 -0.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% - 2.17% 1.43% 14.20% - 15.36% 13.31%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 - 3.90 7.83 17.53 - 6.36 1.51
Quick Ratio		 0.00 0.00 0.00 - 1.30 4.78 5.24 - 2.24 1.33
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -360 -399 -635 -584 -579 -485
Operating Cash Flow to CapEx		 -4,398.64% -186.85% 702.26% - 26.79% 21.53% -1,516.79% - -0.77% 27.27%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -113.96 -60.10
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -0.22 5.94
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -28.28 -15.84
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 - 0.21 0.10 0.07 - 0.14 0.13
Accounts Receivable Turnover		 0.00 0.00 0.00 - 40.60 10.84 4.47 - 2.47 1.82
Inventory Turnover		 0.00 0.00 0.00 - 56.93 110.70 52.27 - 201.31 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 - 0.55 0.28 0.29 - 0.37 0.27
Accounts Payable Turnover		 0.00 0.00 0.00 - 2.93 2.71 2.28 - 4.07 3.05
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 - 8.99 33.68 81.65 - 147.81 201.10
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 - 6.41 3.30 6.98 - 1.81 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 - 124.54 134.59 160.24 - 89.78 119.86
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 - -109.14 -97.61 -71.61 - 59.84 81.24
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 335 324 410 776 784 803 836
Invested Capital Turnover		 0.00 0.00 0.00 - 0.64 0.34 0.20 - 0.21 0.20
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 324 410 776 449 479 427
Enterprise Value (EV)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 1,079
Market Capitalization		 237 262 289 - 0.00 0.00 0.00 - 0.00 629
Book Value per Share		 $0.00 $0.00 $0.00 $3.24 $2.25 $3.02 $2.83 $2.77 $1.41 $1.11
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $3.01 $2.07 $2.86 $2.72 $2.64 $1.31 $0.94
Total Capital		 0.00 0.00 0.00 464 418 634 1,046 976 943 972
Total Debt		 0.00 0.00 0.00 0.79 0.59 0.39 0.20 110 334 440
Total Long-Term Debt		 0.00 0.00 0.00 0.79 0.59 0.39 0.20 110 334 362
Net Debt		 0.00 0.00 0.00 -129 -94 -223 -269 -81 194 304
Capital Expenditures (CapEx)		 0.47 5.09 1.43 86 65 82 16 122 143 176
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 143 78 89 451 379 337 74
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 242 140 274 634 501 421 161
Net Working Capital (NWC)		 0.00 0.00 0.00 242 140 274 634 501 421 83
Net Nonoperating Expense (NNE)		 -4.36 3.92 13 -1.64 21 -4.27 -5.59 54 50 54
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -128 -94 -223 -269 -81 194 304
Total Depreciation and Amortization (D&A)		 6.85 8.35 8.38 8.74 7.24 8.22 9.64 12 12 13
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 76.37% 126.18% 579.00% - 289.86% 59.85%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 136.01% 389.04% 813.53% - 361.91% 131.38%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 136.01% 389.04% 813.53% - 361.91% 67.53%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.11 ($0.32) $0.07 $0.48 ($0.54) ($0.45) ($0.31)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 140.35M 181.41M 206.89M 317.30M 257.88M 325.64M 350.02M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.11 ($0.32) $0.07 $0.47 ($0.53) ($0.45) ($0.31)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 141.51M 181.41M 208.82M 318.90M 257.88M 325.64M 350.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 182.44M 207.78M 321.43M 323.67M 326.58M 349.19M 360.63M
Normalized Net Operating Profit after Tax (NOPAT)		 1.38 -8.04 -10 51 -1.98 -14 -24 -33 -101 -30
Normalized NOPAT Margin		 4.55% -13.83% -45.04% - -7.89% -54.27% -77.96% - -362.81% -93.50%
Pre Tax Income Margin		 170.01% -19.65% -167.12% - -227.20% 64.17% 483.92% - -536.65% -352.27%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -28.83 -13.03
NOPAT to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -19.67 -7.17
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -56.89 -34.81
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - -47.73 -28.95
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% - -1.01% -1.52% 0.60% - -0.45% -0.26%
Augmented Payout Ratio		 0.00% 0.00% 0.00% - -1.01% -1.52% 0.60% - -0.45% -0.26%

Financials Breakdown Chart

Key Financial Trends

Bit Digital’s latest statements show a company investing aggressively in expansion while experiencing significant earnings volatility. Revenue in Q1 2026 rose to $27.9 million from $25.1 million in the restated Q1 2025, an increase of approximately 11%. However, revenue remained below Q2 2024’s $58.1 million, and the latest quarter produced a $150.3 million consolidated net loss.

The balance sheet has expanded substantially. Total assets reached $1.18 billion in Q1 2026, up from $485.2 million in Q1 2025, largely because net property and equipment increased to $452.0 million from $185.3 million. This expansion has been funded through a combination of debt and equity financing, but it has also increased financial risk and diluted shareholders.

  • Revenue growth resumed: Q1 2026 revenue increased approximately 11% year over year from the restated Q1 2025 level.
  • Operating cash flow improved sharply sequentially: cash used in operations declined to $1.1 million in Q1 2026 from $84.1 million in Q4 2025 and $240.0 million in Q3 2025.
  • Significant investment in productive assets: Net PP&E rose to $452.0 million, suggesting continued investment in mining, data-center or other infrastructure capacity.
  • Access to external financing: Bit Digital raised $226.2 million of debt in Q1 2026, helping fund $169.2 million of capital expenditures and supporting its expansion plans.
  • Current liquidity remains substantial: Cash and restricted cash totaled approximately $83.8 million at March 31, 2026, while total current assets were $499.7 million versus $78.5 million of current liabilities.
  • Asset composition changed considerably: Other current assets increased to $319.7 million and accounts receivable rose to $91.7 million, requiring investors to monitor the collectability and quality of these balances.
  • Cash generation remains inconsistent: Although Q1 operating cash flow nearly reached breakeven, the company generated positive operating cash flow in Q1 and Q2 2025 but reported large cash outflows in Q3 and Q4.
  • Gross profitability deteriorated: Q1 2026 cost of revenue was $133.2 million against $27.9 million of revenue, resulting in a gross loss of $105.3 million and a gross margin of roughly negative 377%.
  • Losses remain severe: The Q1 2026 net loss attributable to common shareholders was $146.7 million, or $0.45 per share, following losses of $188.4 million in Q4 2025 and $57.7 million in Q1 2025.
  • Leverage and dilution increased: Long-term debt surged from less than $1 million in Q3 2025 to $334.2 million in Q1 2026, while weighted-average basic shares increased from 181.4 million in Q1 2025 to 325.6 million in Q1 2026.

Overall, Bit Digital has expanded its asset base and improved its most recent operating cash flow, but the company’s underlying profitability has weakened sharply. Investors should focus on whether the new infrastructure produces sustainable revenue and gross profit, while also monitoring debt service, future equity issuance and the unusually large non-cash adjustments reflected in recent results.

08/17/26 10:13 AM ETAI Generated. May Contain Errors.

Bit Digital Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bit Digital's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Bit Digital's net income appears to be on an upward trend, with a most recent value of -$84.93 million in 2025, falling from $164.81 thousand in 2016. The previous period was $28.31 million in 2024. See where experts think Bit Digital is headed by visiting Bit Digital's forecast page.

Bit Digital's total operating income in 2025 was -$91.83 million, based on the following breakdown:
  • Total Gross Profit: $61.17 million
  • Total Operating Expenses: $124.70 million

Over the last 9 years, Bit Digital's total revenue changed from $3.71 million in 2016 to $113.56 million in 2025, a change of 2,964.4%.

Bit Digital's total liabilities were at $309.16 million at the end of 2025, a 313.5% increase from 2024, and a 109,416.4% increase since 2016.

In the past 9 years, Bit Digital's cash and equivalents has ranged from $15.99 thousand in 2019 to $118.36 million in 2025, and is currently $118.36 million as of their latest financial filing in 2025.

Over the last 9 years, Bit Digital's book value per share changed from 302.30 in 2016 to 2.77 in 2025, a change of -99.1%.


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Financial statements for NASDAQ:BTBT last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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