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Bit Digital (BTBT) Financials

Bit Digital logo
$1.93 +0.14 (+7.82%)
Closing price 04:00 PM Eastern
Extended Trading
$1.92 -0.01 (-0.78%)
As of 05:06 PM Eastern
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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 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 50 -12 -39 -58 15 151
Consolidated Net Income / (Loss)		 50 -12 -39 -58 15 147
Net Income / (Loss) Continuing Operations		 50 -12 -39 -58 15 147
Total Pre-Tax Income 		52 -11 -38 -57 16 147
Total Operating Income		 47 -11 -37 -52 12 142
Total Gross Profit		 14 43 7.37 12 12 18
Total Revenue		 30 58 23 25 26 30
Operating Revenue		 30 58 23 25 - 30
Total Cost of Revenue		 16 15 15 13 13 12
Operating Cost of Revenue		 16 15 15 13 13 12
Total Operating Expenses		 -33 54 44 65 0.74 -123
Selling, General & Admin Expense		 5.96 5.48 14 8.24 20 33
Depreciation Expense		 6.85 8.35 8.38 7.24 8.22 9.64
Impairment Charge		 - - 0.00 - - 1.84
Other Special Charges / (Income)		 -46 0.00 22 50 -27 -168
Total Other Income / (Expense), net		 4.50 0.14 -1.56 -4.34 4.73 6.16
Other Income / (Expense), net		 4.50 0.14 -1.56 -4.34 4.73 6.16
Income Tax Expense		 1.58 0.54 0.63 0.67 1.59 0.70
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 - - -4.16
Basic Earnings per Share		 $0.44 ($0.09) ($0.26) ($0.32) $0.07 $0.48
Weighted Average Basic Shares Outstanding		 114.59M 128.05M 149.68M 181.41M 206.89M 317.30M
Diluted Earnings per Share		 $0.43 ($0.09) ($0.26) ($0.32) $0.07 $0.47
Weighted Average Diluted Shares Outstanding		 115.59M 128.05M 149.68M 181.41M 208.82M 318.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 207.78M 321.43M 323.67M

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 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Net Change in Cash & Equivalents		 17 26 44 -38 124 -2.40
Net Cash From Operating Activities		 -21 -9.50 10 17 18 -240
Net Cash From Continuing Operating Activities		 -21 -9.50 10 17 18 -240
Net Income / (Loss) Continuing Operations		 50 -12 -39 -58 15 147
Consolidated Net Income / (Loss)		 50 -12 -39 -58 15 147
Depreciation Expense		 6.85 8.35 8.38 7.24 8.22 9.64
Non-Cash Adjustments To Reconcile Net Income		 -70 -3.77 13 47 -30 -185
Changes in Operating Assets and Liabilities, net		 -7.34 -2.13 27 21 24 -211
Net Cash From Investing Activities		 -0.47 -6.19 -17 -65 -83 -16
Net Cash From Continuing Investing Activities		 -0.47 -6.19 -17 -65 -83 -16
Purchase of Property, Plant & Equipment		 -0.47 -5.09 -1.61 -65 -82 -17
Sale of Property, Plant & Equipment		 - - 0.18 - - 1.05
Net Cash From Financing Activities		 39 42 51 9.38 190 253
Net Cash From Continuing Financing Activities		 39 42 51 9.38 190 253
Issuance of Common Equity		 39 42 -80 10 190 173

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 2.95
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 6.78
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
Noncontrolling Interest		 0.96 0.61 0.47 0.25 - - - - 0.00

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
Period end date 3/31/2025 6/30/2025 9/30/2025
Total Assets		 485 723 1,133
Total Current Assets		 188 314 673
Cash & Equivalents		 58 181 179
Restricted Cash		 3.73 3.73 3.73
Note & Lease Receivable		 2.63 3.92 4.53
Accounts Receivable		 2.53 6.49 17
Inventories, net		 1.04 0.52 1.03
Other Current Assets		 42 27 43
Plant, Property, & Equipment, net		 185 254 271
Total Noncurrent Assets		 191 247 613
Long-Term Investments		 33 39 87
Noncurrent Note & Lease Receivables		 6.49 9.37 11
Goodwill		 19 20 20
Intangible Assets		 13 13 13
Noncurrent Deferred & Refundable Income Taxes		 0.09 0.09 0.09
Other Noncurrent Operating Assets		 119 165 483
Total Liabilities & Shareholders' Equity		 485 723 1,133
Total Liabilities		 68 90 88
Total Current Liabilities		 48 40 38
Accounts Payable		 20 21 24
Dividends Payable		 0.00 0.00 0.00
Current Deferred Revenue		 21 12 7.77
Current Deferred & Payable Income Tax Liabilities		 1.91 1.94 1.39
Other Current Liabilities		 5.03 5.49 5.62
Total Noncurrent Liabilities		 20 50 49
Long-Term Debt		 0.59 0.39 0.20
Noncurrent Deferred Revenue		 3.27 3.22 3.21
Noncurrent Deferred & Payable Income Tax Liabilities		 6.74 8.26 9.43
Other Noncurrent Operating Liabilities		 8.98 38 36
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 417 633 1,046
Total Preferred & Common Equity		 417 633 906
Preferred Stock		 9.05 9.05 9.05
Total Common Equity		 408 624 897
Common Stock		 568 765 888
Retained Earnings		 -156 -141 9.84
Treasury Stock		 -1.17 -1.17 -1.17
Accumulated Other Comprehensive Income / (Loss)		 -2.07 1.36 0.41
Noncontrolling Interest		 - - 139

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 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% -17.38% -55.83% 33.39%
EBITDA Growth		 0.00% 0.00% 0.00% -184.55% 924.15% 629.13%
EBIT Growth		 0.00% 0.00% 0.00% -209.77% 245.17% 487.67%
NOPAT Growth		 0.00% 0.00% 0.00% -180.18% 231.96% 650.69%
Net Income Growth		 0.00% 0.00% 0.00% -215.23% 224.44% 478.20%
EPS Growth		 0.00% 0.00% 0.00% -174.42% 177.78% 280.77%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 183.39% 286.19% -2,485.45%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 91.16% -60.68% 0.00% 2.21% 18.72%
EBITDA Q/Q Growth		 0.00% -105.12% -894.23% 0.00% 149.91% 538.32%
EBIT Q/Q Growth		 0.00% -121.96% -236.50% 0.00% 129.04% 798.60%
NOPAT Q/Q Growth		 0.00% -117.58% -218.91% 0.00% 128.93% 1,230.88%
Net Income Q/Q Growth		 0.00% -123.87% -224.56% 0.00% 125.77% 886.44%
EPS Q/Q Growth		 0.00% -120.93% -188.89% 0.00% 121.88% 571.43%
Operating Cash Flow Q/Q Growth		 0.00% 54.46% 205.86% 0.00% 1.67% -1,456.23%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -10.79% -59.13%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 26.62% 89.45%
Profitability Metrics		 - - - - - -
Gross Margin		 46.82% 73.91% 32.27% 49.05% 48.62% 60.17%
EBITDA Margin		 192.53% -5.16% -130.41% -197.03% 96.22% 517.33%
Operating Margin		 155.20% -19.76% -160.31% -208.60% 45.75% 465.48%
EBIT Margin		 170.01% -19.53% -167.12% -225.88% 64.17% 485.69%
Profit (Net Income) Margin		 164.81% -20.58% -169.87% -229.88% 57.97% 481.63%
Tax Burden Percent		 96.95% 104.75% 101.65% 101.18% 90.33% 99.53%
Interest Burden Percent		 100.00% 100.61% 100.00% 100.59% 100.00% 99.64%
Effective Tax Rate		 3.05% 0.00% 0.00% 0.00% 9.67% 0.47%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -92.75% 14.19% 93.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -47.87% 10.37% 88.91%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 10.76% -3.66% -22.90%
Return on Equity (ROE)		 0.00% 0.00% 0.00% -81.99% 10.53% 70.16%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% -47.84% 6.24% 33.42%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -48.69% 5.64% 33.14%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% -80.21% 10.38% 60.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% -19.04% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 -8.04 -26 -37 11 141
NOPAT Margin		 150.46% -13.83% -112.21% -146.02% 41.33% 463.27%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -44.87% 3.82% 4.15%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -8.77% 1.67% 13.50%
Cost of Revenue to Revenue		 53.18% 26.09% 67.73% 50.95% 51.38% 39.84%
SG&A Expenses to Revenue		 19.60% 9.44% 59.91% 32.81% 76.65% 108.64%
R&D to Revenue		 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%
Earnings before Interest and Taxes (EBIT)		 52 -11 -38 -57 16 148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 -3.00 -30 -49 25 158
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 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%
Earnings Yield		 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
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 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
Enterprise Value to NOPAT (EV/NOPAT)		 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
Enterprise Value to Free Cash Flow (EV/FCFF)		 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
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 -0.22 -0.35 -0.26
Leverage Ratio		 0.00 0.00 0.00 1.16 1.14 1.08
Compound Leverage Factor		 0.00 0.00 0.00 1.17 1.14 1.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.14% 0.06% 0.02%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.14% 0.06% 0.02%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 2.17% 1.43% 0.87%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 13.33%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 97.69% 98.51% 85.78%
Debt to EBITDA		 0.00 0.00 0.00 -0.01 -0.03 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 2.21 15.07 -1.56
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -0.01 -0.03 0.00
Debt to NOPAT		 0.00 0.00 0.00 -0.01 -0.01 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 1.86 6.55 -2.14
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -0.01 -0.01 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 2.17% 1.43% 14.20%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.00 0.00 3.90 7.83 17.53
Quick Ratio		 0.00 0.00 0.00 1.30 4.78 5.24
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -360 -399 -635
Operating Cash Flow to CapEx		 -4,398.64% -186.85% 702.26% 26.79% 21.53% -1,516.79%
Free Cash Flow to Firm to Interest Expense		 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
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.21 0.10 0.07
Accounts Receivable Turnover		 0.00 0.00 0.00 40.60 10.84 4.47
Inventory Turnover		 0.00 0.00 0.00 56.93 110.70 52.27
Fixed Asset Turnover		 0.00 0.00 0.00 0.55 0.28 0.29
Accounts Payable Turnover		 0.00 0.00 0.00 2.93 2.71 2.28
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 8.99 33.68 81.65
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 6.41 3.30 6.98
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 124.54 134.59 160.24
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 -109.14 -97.61 -71.61
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 0.00 0.00 324 410 776
Invested Capital Turnover		 0.00 0.00 0.00 0.64 0.34 0.20
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 324 410 776
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00
Market Capitalization		 237 262 289 0.00 0.00 0.00
Book Value per Share		 $0.00 $0.00 $0.00 $2.25 $3.02 $2.83
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $2.07 $2.86 $2.72
Total Capital		 0.00 0.00 0.00 418 634 1,046
Total Debt		 0.00 0.00 0.00 0.59 0.39 0.20
Total Long-Term Debt		 0.00 0.00 0.00 0.59 0.39 0.20
Net Debt		 0.00 0.00 0.00 -94 -223 -269
Capital Expenditures (CapEx)		 0.47 5.09 1.43 65 82 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 78 89 451
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 140 274 634
Net Working Capital (NWC)		 0.00 0.00 0.00 140 274 634
Net Nonoperating Expense (NNE)		 -4.36 3.92 13 21 -4.27 -5.59
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -94 -223 -269
Total Depreciation and Amortization (D&A)		 6.85 8.35 8.38 7.24 8.22 9.64
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 76.37% 126.18% 579.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 136.01% 389.04% 813.53%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 136.01% 389.04% 813.53%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.32) $0.07 $0.48
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 181.41M 206.89M 317.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.32) $0.07 $0.47
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 181.41M 208.82M 318.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 207.78M 321.43M 323.67M
Normalized Net Operating Profit after Tax (NOPAT)		 1.38 -8.04 -10 -1.98 -14 -24
Normalized NOPAT Margin		 4.55% -13.83% -45.04% -7.89% -54.27% -77.96%
Pre Tax Income Margin		 170.01% -19.65% -167.12% -227.20% 64.17% 483.92%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 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
EBIT Less CapEx to Interest Expense		 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
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% -1.01% -1.52% 0.60%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -1.01% -1.52% 0.60%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor-focused look at Bit Digital, Inc. (BTBT) using the provided quarterly results for 2025 and 2024. The data set covers Q1–Q3 of 2025 and Q1–Q3 of 2024. Note that a full four-year view isn’t available in this data, so trend analysis is limited to these periods.

  • Net income (continuing operations) in Q3 2025 jumped to $146,724,810, with basic earnings per share of $0.48, signaling a strong quarterly profit metric. (Q3 2025 Income Statement)
  • Q3 2025 gross margin was robust at about 60% (gross profit $18,328,668 on revenue $30,464,002), indicating healthy product profitability. (Q3 2025 Income Statement)
  • Operating cash flow turned positive in Q2 2025, with net cash from continuing operating activities of $17,693,160, contributing to a positive overall cash flow situation in that quarter. (Q2 2025 Cash Flow)
  • In Q3 2025, the company engaged in significant equity fundraising, issuing common equity of $172,703,782 and generating net cash from financing activities of $253,381,579, boosting liquidity and equity base. (Q3 2025 Cash Flow)
  • The balance sheet in Q3 2025 shows strong liquidity and an expanding equity base: Cash & Equivalents of $179,118,182, Total Assets of $1,133,084,610, and Total Equity & Noncontrolling Interests of $906,153,675 (with Total Common Equity at $624,138,644). This reflects substantial cash reserves and a solid equity cushion. (Q3 2025 Balance Sheet)
  • Equity issuance in 2025 improves liquidity but increases the share count, which may dilute per-share metrics over time. (Q3 2025 and Q1–Q3 2025 Cash Flows / Share data)
  • Non-cash adjustments and one-off charges were material in some quarters, e.g., Non-Cash Adjustments To Reconcile Net Income of $-185,379,666 in Q3 2025 and Other Special Charges / (Income) of $-167,501,339, which can distort earnings comparisons. (Q3 2025 Income Statement)
  • Operating cash flow was negative in Q3 2025, with net cash from continuing operating activities of $-239,959,926, indicating substantial working capital outflows despite strong net income. (Q3 2025 Cash Flow)
  • Earnings volatility remains evident: quarters such as Q1 2025 show a net loss of $-57,711,645 despite revenue, and Q3 2024 and Q2 2024 also show sizable negative net income, underscoring earnings swings. (Q1 2025 and Q3 2024–Q2 2024 Income Statements)
  • Investing cash outflows persist, with notable outlays such as PPE purchases and investments (e.g., Q2 2025 investing cash outflow of $-83,279,148 and Q1 2025 investing cash outflow of $-64,961,231), which compress near-term cash despite financing strength. (Q2 2025 and Q1 2025 Cash Flows)
05/06/26 05:08 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Bit Digital's Financials

When does Bit Digital's financial year end?

According to the most recent income statement we have on file, Bit Digital's fiscal year ends in December. Their fiscal 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. Check out Bit Digital's forecast to explore projected trends and price targets.

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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Financial statements for NASDAQ:BTBT last updated on 11/14/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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The Iran war isn't just a geopolitical event. It's a financial one. Within hours of the strikes, oil surged...
Behind the Markets | Sponsoredtc pixel
One executive order. The biggest wealth transfer of your lifetime.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Trump and Elon are BACK
15X Bigger Than SpaceX: Elon's New Launch While the rest of the market goes crazy for "the mother of all IP...
InvestorPlace | Sponsoredtc pixel
Military ‘Dark Energy’ to Power AI
When it was put inside U.S. tanks, they moved almost silently and produced no smoke. Now, Elon Musk is using t...
Altimetry | Sponsoredtc pixel
Gold surged 600 dollars last time this indicator peaked
The Buffett Indicator has predicted every major gold bull run this century - 2000, 2008, and 2020, when gold s...
Porter & Company | Sponsoredtc pixel
Revealed: The World’s First Trillion-Dollar Robot
Jensen Huang stood in Las Vegas and laid out Nvidia's vision for building the world's first trillion-dollar ro...
Weiss Ratings | Sponsoredtc pixel