BTBT · Bit Digital, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.92M | - | $22.84M | $25.66M | $30.39M | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $27.63M | - | $13.68M | $5.48M | $5.96M | - | - | - | - | - |
| Total Operating Expenses | $170.84M | - | ($111.34M) | $40.52M | ($16.77M) | - | - | - | - | - |
| D&A | $7.24M | - | $8.38M | $8.22M | $6.85M | - | - | - | - | - |
| Operating Income | ($142.91M) | - | ($36.61M) | $11.74M | $47.16M | - | - | - | - | - |
| Interest Expense | $155.5K | - | - | - | - | - | - | - | - | - |
| Income Tax | $421.5K | - | $697.7K | $1.59M | $1.58M | - | - | - | - | - |
| Net Income | ($146.67M) | - | $150.88M | ($11.95M) | $50.08M | - | - | - | - | - |
| EPS - Basic | ($0.45) | - | ($0.26) | ($0.09) | $0.44 | - | - | - | - | - |
| EPS - Diluted | ($0.45) | - | $0.47 | $0.07 | $0.43 | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $79.53M | $118.36M | $179.12M | $181.17M | $57.56M | $95.20M | - | - | $16.86M | $32.69M |
| Accounts Receivable | $91.72M | $23.92M | $17.44M | $6.49M | $2.53M | $5.27M | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.80M | $8.87M | $6.30M | $2.09M | $1.81M | $3.42M | - | - | $2.32M | $3.63M |
| Current Assets | $499.73M | $593.75M | $672.65M | $313.75M | $188.02M | $296.86M | - | - | $83.35M | $64.40M |
| Total Assets | $1.18B | $1.17B | $1.13B | $723.42M | $485.25M | $538.25M | - | - | $189.33M | $100.42M |
| Current Liabilities | $78.55M | $92.95M | $38.37M | $40.10M | $48.25M | $55.03M | - | - | $27.08M | $7.44M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $3.04M |
| Total Liabilities | $572.00M | $309.16M | $87.50M | $90.23M | $67.83M | $74.77M | - | - | $36.62M | $10.49M |
| Stockholders' Equity | $469.21M | $723.99M | $906.15M | $295.28M | $417.42M | $463.48M | - | - | $152.70M | $89.93M |
| Retained Earnings | ($326.00M) | ($178.53M) | $9.84M | ($141.05M) | ($155.92M) | ($98.21M) | - | - | ($146.91M) | ($131.42M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.09M) | - | - | - | ($20.87M) | - | - | - | - | - |
| Investing Cash Flow | ($142.69M) | - | - | - | ($474.4K) | - | - | - | - | - |
| Financing Cash Flow | $105.15M | - | - | - | $38.65M | - | - | - | - | - |
| CapEx | $169.17M | - | - | - | $474.4K | - | $1.25M | $5.32M | - | - |
| Free Cash Flow | ($170.26M) | - | - | - | ($21.34M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -511.8% | - | -160.3% | 45.7% | 155.2% | - | - | - | - | - |
| EBITDA margin | -485.8% | - | -123.6% | 77.8% | 177.7% | - | - | - | - | - |
| Net margin | -525.2% | - | 660.7% | -46.6% | 164.8% | - | - | - | - | - |
| Free cash flow margin | -609.7% | - | - | - | -70.2% | - | - | - | - | - |
| FCF / Net income | 1.16 | - | - | - | -0.43 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 98.9% | - | 59.9% | 21.4% | 19.6% | - | - | - | - | - |
| Effective tax rate | - | - | 0.5% | - | 3.1% | - | - | - | - | - |
| Return on assets | -12.4% | - | 13.3% | -1.7% | 10.3% | - | - | - | - | - |
| Return on equity | -31.3% | - | 16.7% | -4.0% | 12.0% | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.36 | 6.39 | 17.53 | 7.82 | 3.90 | 5.39 | - | - | 3.08 | 8.65 |
| Quick ratio | 6.36 | 6.39 | 17.53 | 7.82 | 3.90 | 5.39 | - | - | 3.08 | 8.65 |
| Cash ratio | 1.01 | 1.27 | 4.67 | 4.52 | 1.19 | 1.73 | - | - | 0.62 | 4.39 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.03 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -919.0x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.52 | 1.62 | 1.25 | 2.45 | 1.16 | 1.16 | - | - | 1.24 | 1.12 |
| Liabilities / Assets | 0.48 | 0.26 | 0.08 | 0.12 | 0.14 | 0.14 | - | - | 0.19 | 0.10 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.04 | 0.06 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 1199d | - | 279d | 92d | 30d | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 6.4x | 31.3x | 4.7x | - | - | - | - | - |
| P / B | 0.9x | - | 0.5x | 1.5x | 0.6x | - | - | - | - | - |
| P / S | 15.3x | - | 19.7x | 17.8x | 7.7x | - | - | - | - | - |
| EV / EBITDA | - | - | - | 13.8x | 3.3x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.1% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -697.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 12.4% | 56.2% | - | - | - | 203.5% | - | - | 69.8% | -47.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$115.06M totalCloud Services$68.75M · 59.8%
Digital Asset Mining$27.35M · 23.8%
Colocation Services$8.91M · 7.7%
ETHStaking$7.05M · 6.1%
Other$1.50M · 1.3%
Other Revenue$1.50M · 1.3%
Geographic
$113.56M totalIS$69.17M · 60.9%
US$27.35M · 24.1%
CA$8.91M · 7.8%
SG$7.05M · 6.2%
Non Us$1.08M · 1.0%
Peer comparison
Same SIC group: Finance Services
Comparing Bit Digital against the 5 most active filers in the same SIC group.