Friday 6 November 2026
Export BTBT’s income statement to Excel — free account
Bit Digital, Inc.
BTBT Financial Capital Markets
Bit Digital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $113.6 million, up 5.10% from fiscal 2024.
- Revenue
- +25.2%
- EPS
- −542.9%
- Free cash flow
- −100.8%
Quarter to June 2026, against a year earlier
0.74
0.03
+4.23%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 4 | 7 | 8 | 5 | 21 | 96 | 32 | 45 | 108 | 114 | 123 | +46.3% | 150 | 304 | 423 | +55.1% | |
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 33.04 | 68.01 | 36.91 | 34.20 | 42.27 | 53.87 | 57.64 | (46.1) pt | ||||||
| EBT | 0 | (1) | (4) | (2) | 2 | 3 | (106) | (14) | 32 | (87) | (309) | n/m | ||||||
| EBT margin, % | 5.93 | (18.24) | (50.68) | (43.60) | 9.14 | 2.96 | (327.87) | (30.31) | 29.88 | (76.56) | (251.84) | (82.5) pt | ||||||
| Net income | 0 | (1) | (4) | (2) | 2 | (1) | (105) | (14) | 28 | (85) | (304) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 142.53 | 1.02 | 0.55 | 0.30 | 0.69 | 1.73 | 0.41 | 0.51 | 0.77 | 0.44 | 0.35 | (47.4%) | |||||
| Earnings | 6.34 | (0.14) | (0.24) | (0.62) | (0.06) | (0.02) | (1.34) | (0.16) | 0.20 | (0.31) | (1.05) | n/m | ||||||
| Cash flow | (42.01) | (0.28) | (0.35) | (0.09) | (0.11) | (0.31) | (0.11) | 0.01 | (0.09) | (1.12) | (0.79) | (33.1%) | ||||||
| Capex | (4.18) | (0.01) | (0.05) | 0.00 | (0.15) | (0.12) | (0.23) | (0.76) | (0.66) | (1.10) | (1.30) | (13.8%) | ||||||
| Free cash flow | (46.20) | (0.29) | (0.40) | (0.09) | (0.26) | (0.43) | (0.34) | (0.75) | (0.76) | (2.22) | (2.09) | (28.6%) | ||||||
| Book value | 339.22 | 1.83 | 0.84 | 0.27 | 1.24 | 2.98 | 1.14 | 1.74 | 3.30 | 3.36 | 1.52 | (40.1%) | ||||||
| Shares, m | 0 | 7 | 14 | 15 | 31 | 55 | 79 | 88 | 140 | 258 | 313 | +178.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.53 | 0.00 | 0.00 | 9.77 | 0.00 | 0.00 | 5.0 | |||||
| P/S | 0.00 | 0.00 | 0.00 | 0.84 | 31.82 | 3.51 | 1.58 | 7.43 | 3.81 | 4.29 | 2.02 | 5.3 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 1.59 | 17.64 | 2.16 | 0.63 | 2.32 | 0.90 | 0.57 | 0.48 | 2.6 | ||||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 0.83 | 31.80 | 3.08 | 0.57 | 6.01 | 1.38 | 4.16 | — | 4.8 | ||||||
| EV/FCF | 1.10 | 1.10 | 0.26 | (0.67) | (84.53) | (12.43) | (0.57) | (3.66) | (1.41) | (0.82) | — | (10.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (1) | (2) | (5) | (1) | (3) | (17) | (8) | 1 | (13) | (289) | (277) | +85.8% | |||||
| Capex | 0 | 0 | (1) | 0 | (5) | (6) | (18) | (67) | (93) | (284) | (456) | +139.7% | ||||||
| Free cash flow | (1) | (2) | (6) | (1) | (8) | (24) | (27) | (66) | (106) | (573) | (733) | +98.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 8 | 10 | 5 | 0 | 7 | 85 | 57 | 56 | 242 | 501 | 83 | +59.2% | |||||
| Net debt | (7) | (5) | (2) | 0 | 0 | (42) | (34) | (65) | (263) | (432) | 350 | +57.2% | ||||||
| Shareholders’ equity | 9 | 12 | 12 | 4 | 38 | 165 | 90 | 153 | 463 | 865 | 532 | +66.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.46 | (8.56) | (26.98) | (113.85) | (8.60) | (0.95) | (76.83) | (9.59) | 7.78 | (9.38) | (29.74) | (10.8) pt | |||||
| ROIC | 9.41 | (12.16) | (26.84) | (30.60) | 1.86 | 2.99 | (119.77) | (11.81) | 8.59 | (13.24) | (19.62) | (22.6) pt | ||||||
| ROE | 1.63 | (8.86) | (27.94) | (119.72) | (9.08) | (1.04) | (88.77) | (12.38) | 9.47 | (12.26) | (50.79) | (13.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 106 | 110 | 91 | 63 | 11 | 12 | 18 | 24 | 54 | 104 | — | (0.2%) | |||||
| Revenue/emp, $m | 0.03 | 0.06 | 0.09 | 0.07 | 1.92 | 8.01 | 1.79 | 1.87 | 2.00 | 1.09 | — | +46.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Bit Digital, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CSHR CoinShares PLC | $495.5M | 5.0× | — | — | +128.25% (above 0%: growing) | −51.03% (below 0%: shrinking) | — | 0.00% | Compare |
| HIVE HIVE Digital Technologies Ltd. | $447.1M | — (loss-making) | — (loss-making) | +73.47% (above 0%: growing) | n/m | −12.46% (below 0%: shrinking) | 31.90% | (58.65%) | Compare |
| FWDI Forward Industries, Inc. | $434.8M | — (loss-making) | — (loss-making) | +332.09% (above 0%: growing) | n/m | −4,212.31% (below 0%: shrinking) | 62.19% | (651.82%) | Compare |
| ABTC American Bitcoin Corp. | $386.7M | — (loss-making) | — (loss-making) | +121.28% (above 0%: growing) | n/m | −3,990.00% (below 0%: shrinking) | 49.25% | (110.54%) | Compare |
| GEMI Gemini Space Station, Inc. | $313.2M | — (loss-making) | — (loss-making) | +36.61% (above 0%: growing) | n/m | −6,650.00% (below 0%: shrinking) | 100.00% | (169.19%) | Compare |
| BTBT Bit Digital, Inc. | $254.6M | — (loss-making) | — (loss-making) | +25.15% (above 0%: growing) | n/m | −100.81% (below 0%: shrinking) | 57.92% | (257.26%) | |
| CNCK Coincheck Group N.V. | $243.6M | — (loss-making) | — | +24.29% (above 0%: growing) | n/m | −299.22% (below 0%: shrinking) | 2.55% | (1.20%) | Compare |
| SVIA Silvia, Inc. | $232.2M | — (loss-making) | — | — | n/m | — | 100.00% | (40,513.51%) | Compare |
| USDE StablecoinX Inc. | $178.9M | — (loss-making) | — | — | n/m | −105.33% (below 0%: shrinking) | 60.26% | (58,278.53%) | Compare |
| Median of peers | $349.9M | — | — | +73.47% | — | −299.22% | 60.26% | (139.86%) |
Pay and ownership Proxy statement filed 8 June 2026
Ownership
Directors and executive officers, together
14.00% of the votes
Geney Development Limited
13.30% of the votes
Zhaohui Deng
9.10% of the votes
BlackRock, Inc.
6.20% of the votes
Erke Huang
4.60% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement