What is Bit Digital Inc's earnings per share (EPS)?

Bit Digital Inc (BTBT) reported diluted earnings per share of $-0.31 for fiscal year 2025. This represents a -263.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bit Digital Inc Financials

BTBT

Source SEC Filings (10-K/10-Q) Updated Mar 27, 2026 Currency USD FYE March

This page shows Bit Digital Inc (BTBT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 32/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Bit Digital Inc has an operating margin of -335.8%, meaning the company retains $-336 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 25.5% the prior year.

Growth

Bit Digital Inc's revenue declined 74.7% year-over-year, from $108.1M to $27.3M. This contraction results in a growth score of 0/100.

Leverage

Bit Digital Inc carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 6.39, Bit Digital Inc holds $6.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Bit Digital Inc generated -$288.9M in operating cash flow, capex of $285.9M consumed most of it, leaving -$574.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Bit Digital Inc generates a -11.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 6.1% the prior year.

Piotroski F-Score Weak

1/9

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

Earnings Quality Low Quality

3.60x

For every $1 of reported earnings, Bit Digital Inc generates $3.60 in operating cash flow (-$288.9M OCF vs -$80.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-29.7x

Bit Digital Inc earns $-29.7 in operating income for every $1 of interest expense (-$91.8M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$27.3M

YoY-74.7%

5Y CAGR+5.4%

Bit Digital Inc generated $27.3M in revenue in fiscal year 2025. This represents a decrease of 74.7% from the prior year.

EBITDA

-$55.0M

YoY-191.9%

Bit Digital Inc's EBITDA was -$55.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 191.9% from the prior year.

Net Income

-$80.3M

YoY-383.7%

Bit Digital Inc reported -$80.3M in net income in fiscal year 2025. This represents a decrease of 383.7% from the prior year.

EPS (Diluted)

$-0.31

YoY-263.2%

Bit Digital Inc earned $-0.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 263.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$574.9M

YoY-437.3%

Bit Digital Inc generated -$574.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 437.3% from the prior year.

Cash & Debt

$118.4M

YoY+24.3%

5Y CAGR+211.3%

Bit Digital Inc held $118.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

327M

YoY+82.3%

5Y CAGR+46.7%

Bit Digital Inc had 327M shares outstanding in fiscal year 2025. This represents an increase of 82.3% from the prior year.

Margins & Returns

Gross Margin

18.9%

5Y CAGR-14.2pp

Bit Digital Inc's gross margin was 18.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin

-335.8%

YoY-361.3pp

5Y CAGR-343.2pp

Bit Digital Inc's operating margin was -335.8% in fiscal year 2025, reflecting core business profitability. This is down 361.3 percentage points from the prior year.

Net Margin

-293.7%

YoY-319.9pp

5Y CAGR-282.8pp

Bit Digital Inc's net profit margin was -293.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 319.9 percentage points from the prior year.

Return on Equity

-11.1%

YoY-17.2pp

5Y CAGR-5.0pp

Bit Digital Inc's ROE was -11.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$285.9M

YoY+204.2%

5Y CAGR+129.4%

Bit Digital Inc invested $285.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 204.2% from the prior year.

BTBT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$27.3M-74.7%	$108.1M+140.6%	$44.9M+39.1%	$32.3M-66.4%	$96.1M+356.1%	$21.1M
Cost of Revenue	$22.2M	N/A	$29.6M+45.1%	$20.4M-33.7%	$30.7M+117.9%	$14.1M
Gross Profit	$5.2M	N/A	$15.4M+28.8%	$11.9M-81.8%	$65.3M+838.7%	$7.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$81.0M+95.1%	$41.5M+50.0%	$27.7M+20.4%	$23.0M-41.3%	$39.2M+1456.8%	$2.5M
Operating Income	-$91.8M-433.2%	$27.6M+265.8%	-$16.6M+84.5%	-$107.2M-1919.4%	$5.9M+278.2%	$1.6M
Interest Expense	$3.1M	N/A	N/A	N/A	N/A	N/A
Income Tax	-$2.0M-150.4%	$4.0M+1325.6%	$279K+147.1%	-$593K-115.4%	$3.9M	N/A
Net Income	-$80.3M-383.7%	$28.3M+303.7%	-$13.9M+86.8%	-$105.3M-10325.9%	-$1.0M+55.7%	-$2.3M
EPS (Diluted)	$-0.31-263.2%	$0.19+218.8%	$-0.16+88.1%	$-1.34-6600.0%	$-0.02+71.4%	$-0.07

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$30.5M+18.7%	$25.7M+2.2%	$25.1M-2.6%	$25.8M+12.9%	$22.8M-21.4%	$29.0M-4.4%	$30.4M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$33.1M+68.3%	$19.7M+138.8%	$8.2M-49.8%	$16.4M+19.8%	$13.7M+149.6%	$5.5M-8.0%	$6.0M	N/A
Operating Income	$141.8M+1108.0%	$11.7M+122.4%	-$52.4M-283.8%	$28.5M+177.8%	-$36.6M-218.9%	-$11.5M-124.3%	$47.2M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$698K-56.2%	$1.6M+136.9%	$672K-45.4%	$1.2M+95.9%	$628K+16.0%	$542K-65.7%	$1.6M	N/A
Net Income	$150.9M+914.4%	$14.9M+125.8%	-$57.7M-299.2%	$29.0M+174.7%	-$38.8M-224.6%	-$12.0M-123.9%	$50.1M	N/A
EPS (Diluted)	$0.47+571.4%	$0.07+121.9%	$-0.32	N/A	$-0.26-188.9%	$-0.09-120.9%	$0.43	N/A

BTBT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2B+118.2%	$538.2M+184.3%	$189.3M+88.5%	$100.4M-42.2%	$173.7M+335.3%	$39.9M
Current Assets	$593.7M+99.7%	$297.3M+256.7%	$83.3M+29.4%	$64.4M-28.7%	$90.3M+935.8%	$8.7M
Cash & Equivalents	$118.4M+24.3%	$95.2M+464.6%	$16.9M-48.4%	$32.7M-22.9%	$42.4M+10365.3%	$405K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$23.9M+354.1%	$5.3M	N/A	N/A	N/A	N/A
Goodwill	$20.1M+3.9%	$19.4M	N/A	N/A	N/A	N/A
Total Liabilities	$309.2M+313.5%	$74.8M+104.1%	$36.6M+249.2%	$10.5M+26.7%	$8.3M+336.9%	$1.9M
Current Liabilities	$92.9M+68.9%	$55.0M+103.2%	$27.1M+263.8%	$7.4M+47.6%	$5.0M+166.4%	$1.9M
Long-Term Debt	N/A	N/A	N/A	$3.0M+10.0%	$2.8M	N/A
Total Equity	$724.0M+56.2%	$463.5M+203.5%	$152.7M+69.8%	$89.9M-45.6%	$165.4M+339.5%	$37.6M
Retained Earnings	-$178.5M-81.8%	-$98.2M+33.1%	-$146.9M-11.8%	-$131.4M-403.1%	-$26.1M-66.4%	-$15.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.1B+56.6%	$723.4M+49.1%	$485.2M-9.8%	$538.2M	N/A	N/A	N/A	$189.3M
Current Assets	$672.7M+114.4%	$313.8M+66.9%	$188.0M-36.7%	$297.3M	N/A	N/A	N/A	$83.3M
Cash & Equivalents	$179.1M-1.1%	$181.2M+214.8%	$57.6M-39.5%	$95.2M-9.8%	$105.6M+71.9%	$61.4M+73.1%	$35.5M+110.5%	$16.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$17.4M+168.7%	$6.5M+156.5%	$2.5M-52.0%	$5.3M	N/A	N/A	N/A	N/A
Goodwill	$19.8M-1.7%	$20.2M+4.9%	$19.2M-0.7%	$19.4M+0.4%	$19.3M	N/A	N/A	N/A
Total Liabilities	$87.5M-3.0%	$90.2M+33.0%	$67.8M-9.3%	$74.8M	N/A	N/A	N/A	$36.6M
Current Liabilities	$38.4M-4.3%	$40.1M-16.9%	$48.3M-12.3%	$55.0M	N/A	N/A	N/A	$27.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$906.2M+43.1%	$633.2M+51.7%	$417.4M-9.9%	$463.5M+47.1%	$315.0M+6.7%	$295.3M+11.3%	$265.2M+73.7%	$152.7M
Retained Earnings	$9.8M+107.0%	-$141.0M+9.5%	-$155.9M-58.8%	-$98.2M	N/A	N/A	N/A	-$146.9M

BTBT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$288.9M-2124.7%	-$13.0M-1274.7%	$1.1M+113.0%	-$8.5M+51.0%	-$17.4M-1685.7%	-$972K
Capital Expenditures	$285.9M+204.2%	$94.0M+41.0%	$66.7M+244.8%	$19.3M-58.7%	$46.8M+939.6%	$4.5M
Free Cash Flow	-$574.9M-437.3%	-$107.0M-63.2%	-$65.6M-135.6%	-$27.8M+56.6%	-$64.2M-1072.0%	-$5.5M
Investing Cash Flow	-$287.4M-92.9%	-$149.0M-115.5%	-$69.2M-271.7%	-$18.6M+60.3%	-$46.8M-942.3%	-$4.5M
Financing Cash Flow	$599.1M+146.7%	$242.9M+365.0%	$52.2M+179.1%	$18.7M-82.4%	$106.2M+1920.7%	$5.3M
Dividends Paid	$800K	N/A	$1.6M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$77K-93.0%	$1.1M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$240.0M-1456.2%	$17.7M+1.7%	$17.4M+137.6%	$7.3M-27.2%	$10.1M+205.9%	-$9.5M+54.5%	-$20.9M	N/A
Capital Expenditures	$16.9M-79.5%	$82.2M+26.5%	$65.0M-25.2%	$86.8M+5298.7%	$1.6M-68.4%	$5.1M+972.0%	$474K	N/A
Free Cash Flow	-$256.8M-298.3%	-$64.5M-35.6%	-$47.6M+40.2%	-$79.5M-1040.8%	$8.5M+157.9%	-$14.6M+31.6%	-$21.3M	N/A
Investing Cash Flow	-$15.8M+81.0%	-$83.3M-28.2%	-$65.0M+48.0%	-$125.0M-621.4%	-$17.3M-180.2%	-$6.2M-1203.9%	-$474K	N/A
Financing Cash Flow	$253.4M+33.4%	$189.9M+1925.5%	$9.4M-91.6%	$111.1M+116.1%	$51.4M+23.6%	$41.6M+7.7%	$38.7M	N/A
Dividends Paid	$0	$0-100.0%	$800K	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BTBT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	18.9%	N/A	34.2%-2.7pp	36.9%-31.1pp	68.0%+35.0pp	33.0%
Operating Margin	-335.8%-361.3pp	25.5%+62.5pp	-37.0%+294.8pp	-331.8%-338.0pp	6.1%-1.3pp	7.4%
Net Margin	-293.7%-319.9pp	26.2%+57.1pp	-30.9%+295.1pp	-326.0%-325.0pp	-1.1%+9.8pp	-10.8%
Return on Equity	-11.1%-17.2pp	6.1%+15.2pp	-9.1%+108.0pp	-117.1%-116.5pp	-0.6%+5.5pp	-6.1%
Return on Assets	-6.8%-12.1pp	5.3%+12.6pp	-7.3%+97.5pp	-104.9%-104.3pp	-0.6%+5.1pp	-5.7%
Current Ratio	6.39+1.0	5.40+2.3	3.08-5.6	8.65-9.3	17.90+13.3	4.60
Debt-to-Equity	0.43+0.3	0.16-0.1	0.24+0.2	0.03+0.0	0.02-0.0	0.05
FCF Margin	-2101.8%-2002.8pp	-99.0%+46.9pp	-145.9%-59.8pp	-86.2%-19.4pp	-66.8%-40.8pp	-26.0%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	465.5%+419.7pp	45.8%+254.3pp	-208.6%-319.1pp	110.5%+270.8pp	-160.3%-120.8pp	-39.5%-194.7pp	155.2%	N/A
Net Margin	495.3%+437.3pp	58.0%+287.8pp	-229.9%-342.3pp	112.4%+282.3pp	-169.9%-128.7pp	-41.2%-206.0pp	164.8%	N/A
Return on Equity	16.7%+14.3pp	2.4%+16.2pp	-13.8%-20.1pp	6.3%+18.6pp	-12.3%-8.3pp	-4.0%-22.9pp	18.9%	N/A
Return on Assets	13.3%+11.3pp	2.1%+14.0pp	-11.9%-17.3pp	5.4%	N/A	N/A	N/A	N/A
Current Ratio	17.53+9.7	7.83+3.9	3.90-1.5	5.40	N/A	N/A	N/A	3.08
Debt-to-Equity	0.10-0.0	0.14-0.0	0.160.0	0.16	N/A	N/A	N/A	0.24
FCF Margin	-843.1%-591.7pp	-251.3%-61.9pp	-189.4%+119.0pp	-308.4%-345.4pp	37.0%+87.2pp	-50.2%+20.0pp	-70.2%	N/A

Similar Companies

HIVE Digital Technologies Ltd HIVE

$486.3M

$1.2B

$973.8M

$284.7M

$170.4M

Frequently Asked Questions

What is Bit Digital Inc's annual revenue?

Bit Digital Inc (BTBT) reported $27.3M in total revenue for fiscal year 2025. This represents a -74.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bit Digital Inc's revenue growing?

Bit Digital Inc (BTBT) revenue declined by 74.7% year-over-year, from $108.1M to $27.3M in fiscal year 2025.

Is Bit Digital Inc profitable?

No, Bit Digital Inc (BTBT) reported a net income of -$80.3M in fiscal year 2025, with a net profit margin of -293.7%.

What is Bit Digital Inc's EBITDA?

Bit Digital Inc (BTBT) had EBITDA of -$55.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Bit Digital Inc's gross margin?

Bit Digital Inc (BTBT) had a gross margin of 18.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bit Digital Inc's operating margin?

Bit Digital Inc (BTBT) had an operating margin of -335.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Bit Digital Inc's net profit margin?

Bit Digital Inc (BTBT) had a net profit margin of -293.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bit Digital Inc's return on equity (ROE)?

Bit Digital Inc (BTBT) has a return on equity of -11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bit Digital Inc's free cash flow?

Bit Digital Inc (BTBT) generated -$574.9M in free cash flow during fiscal year 2025. This represents a -437.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bit Digital Inc's operating cash flow?

Bit Digital Inc (BTBT) generated -$288.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bit Digital Inc's total assets?

Bit Digital Inc (BTBT) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bit Digital Inc's capital expenditures?

Bit Digital Inc (BTBT) invested $285.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Bit Digital Inc have outstanding?

Bit Digital Inc (BTBT) had 327M shares outstanding as of fiscal year 2025.

What is Bit Digital Inc's current ratio?

Bit Digital Inc (BTBT) had a current ratio of 6.39 as of fiscal year 2025, which is generally considered healthy.

What is Bit Digital Inc's debt-to-equity ratio?

Bit Digital Inc (BTBT) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bit Digital Inc's return on assets (ROA)?

Bit Digital Inc (BTBT) had a return on assets of -6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bit Digital Inc's cash runway?

Based on fiscal year 2025 data, Bit Digital Inc (BTBT) had $118.4M in cash against an annual operating cash burn of $288.9M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Bit Digital Inc's Piotroski F-Score?

Bit Digital Inc (BTBT) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bit Digital Inc's earnings high quality?

Bit Digital Inc (BTBT) has an earnings quality ratio of 3.60x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Bit Digital Inc cover its interest payments?

Bit Digital Inc (BTBT) has an interest coverage ratio of -29.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Bit Digital Inc?

Bit Digital Inc (BTBT) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.