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Financials · BTBT

Bit Digital Inc. (BTBT) financials

For the twelve months ended Jun 30, 2026, Bit Digital Inc. reported $122.84M of revenue and -$294.97M of net income.

Revenue, TTM
$122.84M
Revenue growth, YoY
+23.6%
Net income, TTM
-$294.97M
Net margin
-240.1%
Free cash flow, TTM
-$760.75M
Cash
$83.56M
Total debt
$103.90M
P/S
2.13
Market cap
$262.1M
Annual revenue$113.56M
FY2016FY2025
Annual net income-$80.32M
FY2016FY2025
Annual free cash flow-$574.85M
FY2016FY2025

BTBT revenue and earnings growth

BTBT revenueQ2 2026$32.11M

Quarter YoY
+25.2%
QoQ
+15.0%
FY YoY
+5.1%
5Y CAGR
+40.1%

BTBT revenue was $32.11M in fiscal Q2 2026 (ended Jun 30, 2026), up 25.2% from a year earlier and up 15.0% from the prior quarter. For the full fiscal 2025 it was $113.56M, up 5.1% from fiscal 2024. Compound annual growth was +40.1% over 5 years. It rose in 7 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

BTBT net incomeQ2 2026-$107.21M

BTBT net income was -$107.21M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $14.87M a year earlier. For the full fiscal 2025 it was -$80.32M, compared with $28.31M in fiscal 2024.

BTBT EPSQ2 2026-$0.31

BTBT diluted EPS was -$0.31 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$0.31.

BTBT free cash flowQ2 2026-$127.68M

BTBT free cash flow was -$127.68M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$64.49M a year earlier. For the full fiscal 2025 it was -$574.85M, compared with -$106.99M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$113.56M$108.05M$44.92M$32.30M$96.08M$21.07M$4.57M$7.89M$6.95M$3.71M
Cost of revenue--$29.56M$20.37M$30.74M$14.10M----
Gross profit--$15.36M$11.92M$65.34M$6.96M----
Research and development------$137.4K$447.9K$485.9K$417.9K
Selling, general and admin$80.96M$41.51M$27.67M$22.98M$39.15M$2.52M$1.99M$1.89M$3.92M$1.64M
Operating income-$91.83M$27.56M-$16.62M-$107.17M$5.89M$1.56M-$1.99M-$1.89M-$1.36M$216.9K
Interest expense$3.09M---------
Pre-tax income-$86.94M$32.28M-$13.61M-$105.89M$2.85M$1.56M-$1.99M-$1.89M-$1.27M$219.7K
Income tax-$2.01M$3.98M$279.0K-$592.9K$3.86M-$806.8K-$461.2K-$271.5K$54.9K
Net income-$80.32M$28.31M-$13.89M-$105.30M-$1.01M-$2.28M-$9.68M-$3.54M-$942.4K$160.9K
EPS, basic-$0.31$0.20-$0.16-$1.34-$0.02-$0.07-$0.62-$0.24-$0.14$6.19
EPS, diluted-$0.31$0.19-$0.16-$1.34-$0.02-$0.07-$0.62-$0.24-$0.14$6.19
Diluted shares257.9M141.5M87.5M78.6M55.4M30.6M15.2M14.4M6.8M26,000

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$118.36M$98.93M$18.18M$34.01M$42.40M$405.1K$16.0K$2.93M$5.46M$7.38M
Receivables$23.92M$5.27M--------
Current assets$178.01M$296.86M$83.35M$64.40M$90.32M$8.72M$560.3K$5.66M$10.06M$7.91M
Goodwill$20.15M$19.38M--------
Total assets$1.17B$538.25M$189.33M$100.42M$173.68M$39.89M$4.52M$12.48M$12.91M$9.10M
Current liabilities$92.95M$55.03M$27.08M$7.44M$5.04M$1.89M$429.6K$403.2K$469.2K$282.3K
Long-term debt$110.29M--$3.04M$2.77M-----
Total debt$110.29M--$3.04M$2.77M-----
Total liabilities$309.16M$74.77M$36.62M$10.49M$8.27M$1.89M$429.6K$403.2K$469.2K$282.3K
Shareholders' equity$723.99M$463.48M$152.70M$89.93M$165.40M$37.63M$4.09M$12.08M$12.45M$8.82M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$288.92M-$12.99M$1.11M-$8.50M-$17.35M-$971.7K-$1.35M-$5.05M-$1.91M-$1.09M
Capital expenditures$285.93M$94.00M$66.66M$19.33M$46.84M$4.51M-$753.1K$49.1K$108.8K
Free cash flow-$574.85M-$106.99M-$65.55M-$27.83M-$64.19M-$5.48M--$5.80M-$1.96M-$1.20M
Investing cash flow-$287.42M-$149.02M-$69.16M-$18.61M-$46.84M-$4.49M-$916.2K-$3.33M-$31.2K-$108.8K
Financing cash flow$599.08M$242.86M$52.22M$18.71M$106.19M$5.25M-$5.94M-$389.6K$8.04M
Dividends paid$800.0K-$1.60M-------
Share repurchases---$76.8K$1.09M-----
Stock-based compensation$24.58M$9.88M$9.12M$2.26M$21.91M-----
Depreciation and amortization$36.82M$32.31M$14.43M$27.83M$14.43M$3.34M$30.2K$82.9K$57.6K$39.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY5.1%140.6%39.1%-66.4%356.1%360.7%-42.0%13.5%87.6%-
Gross margin--34.2%36.9%68.0%33.0%----
Operating margin-80.9%25.5%-37.0%-331.8%6.1%7.4%-43.6%-24.0%-19.6%5.9%
Net margin-70.7%26.2%-30.9%-326.0%-1.1%-10.8%-211.6%-44.8%-13.6%4.3%
Free cash flow margin-506.2%-99.0%-145.9%-86.2%-66.8%-26.0%--73.6%-28.2%-32.4%
Return on equity-11.1%6.1%-9.1%-117.1%-0.6%-6.1%-236.8%-29.3%-7.6%1.8%
Return on assets-6.8%5.3%-7.3%-104.9%-0.6%-5.7%-214.2%-28.3%-7.3%1.8%
Current ratio1.925.393.088.6517.904.601.3014.0521.4328.02
Debt to equity0.15--0.030.02-----

Source: XBRL data Bit Digital Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

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.

BTBT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BTBT$122.84M+23.6%-$294.97M-240.1%$262.1M
AXP$77.59B+10.2%$12.26B15.8%$215.24B
SPGI$17.21B+18.2%$4.99B29.0%$135.62B
MCO$8.18B+9.0%$2.88B35.3%$87.18B
NU$15.77B+37.0%$2.87B18.2%$58.39B
RKT$11.46B+90.4%$1.30B11.4%$42.74B
COIN$5.63B-26.6%-$701.62M-12.5%$35.68B
AFRM$4.59B+32.7%$2.01B43.9%$23.08B
SYF$19.31B+2.6%$3.33B17.3%$22.96B

BTBT FAQ

7 questions
  • What is BTBT revenue?
    Bit Digital Inc. (BTBT) reported $122.84M of revenue for the twelve months ended Jun 30, 2026. That is up 23.6% from the year before. Revenue for fiscal 2025 was $113.56M.
  • Is BTBT profitable?
    No. Bit Digital Inc. reported a net loss of $294.97M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does BTBT have?
    Bit Digital Inc. reported $83.56M in cash and cash equivalents and $103.90M of debt on its most recent balance sheet in SEC filings.
  • How fast is BTBT revenue growing?
    Bit Digital Inc.'s revenue changed +5.1% in fiscal 2025, to $113.56M. Its compound annual growth rate was +40.1% over 5 years.
  • What is BTBT free cash flow?
    Bit Digital Inc. generated -$760.75M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$277.25M less capital expenditures.
  • When did BTBT last report financial results?
    The latest statements here come from Bit Digital Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this BTBT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bit Digital Inc. files with the SEC. It is provided for information only and is not investment advice.