BGIN revenueFY2025$67.40M
- FY YoY
- -77.7%
BGIN revenue was $67.40M for fiscal 2025 (ended Dec 31, 2025), down 77.7% from fiscal 2024.
Bgin Blockchain Limited (BGIN) financials
For fiscal 2025 (ended Dec 31, 2025), Bgin Blockchain Limited reported $67.40M of revenue and -$176.95M of net income.
- Revenue, FY2025
- $67.40M
- Revenue growth, YoY
- -77.7%
- Net income, FY2025
- -$176.95M
- Net margin
- -262.6%
- Free cash flow, FY2025
- -$171.08M
- EPS, diluted, FY2025
- -$1.62
- Cash
- $26.29M
- P/S
- 2.77
- Market cap
- $186.7M
FY2023FY2025
FY2023FY2025
FY2023FY2025
BGIN revenue and earnings growth
BGIN net incomeFY2025-$176.95M
BGIN net income was -$176.95M for fiscal 2025 (ended Dec 31, 2025), compared with $66.14M in fiscal 2024.
BGIN EPSFY2025-$1.62
BGIN diluted EPS was -$1.62 for fiscal 2025 (ended Dec 31, 2025), compared with $0.61 in fiscal 2024.
BGIN free cash flowFY2025-$171.08M
BGIN free cash flow was -$171.08M for fiscal 2025 (ended Dec 31, 2025), compared with -$212.31M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $67.40M | $302.28M | $257.27M |
| Cost of revenue | $142.99M | $174.59M | $58.10M |
| Gross profit | -$75.59M | $127.69M | $199.17M |
| Research and development | $20.19M | $16.37M | $10.10M |
| Selling, general and admin | $13.87M | $7.16M | $14.57M |
| Operating income | -$176.09M | $81.63M | $173.67M |
| Pre-tax income | -$174.61M | $80.79M | $173.57M |
| Income tax | $2.34M | $14.65M | $33.81M |
| Net income | -$176.95M | $66.14M | $139.76M |
| EPS, basic | -$1.62 | $0.61 | $1.30 |
| EPS, diluted | -$1.62 | $0.61 | $1.30 |
| Diluted shares | 109.1M | 107.8M | 107.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $26.29M | $114.80M | $46.70M |
| Receivables | $9.5K | - | - |
| Inventory | $7.85M | $12.49M | - |
| Current assets | $63.85M | $194.66M | - |
| Total assets | $92.84M | $270.79M | - |
| Current liabilities | $38.00M | $60.60M | - |
| Total liabilities | $38.09M | $60.73M | - |
| Shareholders' equity | $54.49M | $209.71M | $148.92M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$166.90M | -$199.34M | -$31.29M |
| Capital expenditures | $4.19M | $12.97M | $6.69M |
| Free cash flow | -$171.08M | -$212.31M | -$37.97M |
| Investing cash flow | $55.55M | $267.98M | $77.74M |
| Financing cash flow | $22.83M | -$538.7K | -$361.6K |
| Dividends paid | $4.05M | - | - |
| Stock-based compensation | $555.0K | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | -77.7% | 17.5% | - |
| Net income growth, YoY | - | -52.7% | - |
| EPS growth, YoY | - | -53.1% | - |
| Gross margin | -112.2% | 42.2% | 77.4% |
| Operating margin | -261.3% | 27.0% | 67.5% |
| Net margin | -262.6% | 21.9% | 54.3% |
| Free cash flow margin | -253.8% | -70.2% | -14.8% |
| Return on equity | -324.7% | 31.5% | 93.8% |
| Return on assets | -190.6% | 24.4% | - |
| Current ratio | 1.68 | 3.21 | - |
Source: XBRL data Bgin Blockchain Limited files with the SEC, latest filing dated Apr 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
BGIN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BGIN | $67.40M | -77.7% | -$176.95M | -262.6% | $186.7M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $216.90B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $137.23B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.05B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $58.66B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $41.01B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $34.98B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $22.36B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.33B |
BGIN FAQ
9 questionsWhat is BGIN revenue?
Bgin Blockchain Limited (BGIN) reported $67.40M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 77.7% from the year before.Is BGIN profitable?
No. Bgin Blockchain Limited reported a net loss of $176.95M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does BGIN have?
Bgin Blockchain Limited reported $26.29M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is BGIN revenue growing?
Bgin Blockchain Limited's revenue changed -77.7% in fiscal 2025, to $67.40M.What is BGIN gross margin?
Bgin Blockchain Limited's gross profit was -$75.59M on $67.40M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of -112.2%.What is BGIN free cash flow?
Bgin Blockchain Limited generated -$171.08M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$166.90M less capital expenditures.What is BGIN earnings per share?
Diluted earnings per share were -$1.62 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did BGIN last report financial results?
The latest statements here come from Bgin Blockchain Limited's 20-F filed on Apr 28, 2026, covering the period ended Dec 31, 2025.Where does this BGIN financial data come from?
Quantisnow builds these statements from the structured XBRL data Bgin Blockchain Limited files with the SEC. It is provided for information only and is not investment advice.