BTBTNasdaqFinance ServicesFiscal year ends December 31
Bit Digital, Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.91−0.05 (-5.70%)
Close on Oct 19, 2026
- Market cap
- $316.80M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
–
Operating margin
-80.9%−88.3 pts over 5 years
Net margin
-70.7%−59.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.1% | +52.1% | +40.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -11.0% | -13.5% | |
| Return on assets | – | -10.3% | -9.4% | |
| Current ratio | 28.02 | 4.60 | 1.92 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Capex to revenue | 2.9% | 21.4% | 251.8% | |
| Diluted shares | 0M | 31M | 258M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Bit Digital generated $328.86M from operations and spent $516.34M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$328.86M
Used
$516.34M
Capital expenditure$512.77M99%Dividends$2.40M0%Share buybacks$1.17M0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-70.7%
×Asset turnover0.13×
×Equity multiplier1.44×
=Return on equity, FY2025-13.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -70.7% | 0.13× | 1.44× | -13.5% |
| FY2024 | 26.2% | 0.30× | 1.18× | 9.2% |
| FY2023 | -30.9% | 0.31× | 1.19× | -11.5% |
| FY2022 | -326.0% | 0.24× | 1.07× | -82.5% |
| FY2021 | -1.1% | 0.90× | 1.05× | -1.0% |
| FY2020 | -10.8% | 0.95× | 1.07× | -11.0% |
| FY2019 | -211.6% | 0.54× | 1.10× | -125.3% |
| FY2018 | -44.8% | 0.62× | 1.08× | -30.2% |
| FY2017 | -13.6% | 0.63× | 1.12× | -9.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
0of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$80.32M
- Cash generatingOperating cash flow above zero-$288.92M
- Return on assets improvedROA up on the prior year15.0% → -14.9%
- Earnings backed by cashOperating cash flow above net income-$288.92M vs -$80.32M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.39 → 1.92
- No dilutionShare count did not rise142M → 258M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.57 → 0.21