Bit Digital
BTBT
1.38
-0.08
-5.48%
Bit Digital
US · BTBT
#3713 by market cap
1.38
-0.08
-5.48%
Live - 5344 symbols - heartbeat 225s ago
· 2026-10-08 10:00
Pre-market
1.45
-0.68%
After-hours
1.47
+0.60%
Overnight
1.46
0.00%
- Market cap
- 497.67M
- P/E (TTM)i
- -1.64
- P/Bi
- 1.29
- EPSi
- -0.31
- Div yieldi
- 0.00%
- 52W posi
- 6%
Reader sentiment
Are you bullish or bearish on BTBT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.20, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +5.10% YoY
Margins
- Gross margin
- 53.87%
- Operating margin
- -49.85%
- Net margin
- -70.73%
Key ratios & quality
- Enterprise valuei
- 503.32M
- Altman Z-Scorei
- 1.20
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 21.07M | 96.08M | 32.30M | 44.92M | 108.05M | 113.56M |
| Gross profit | 0 | 0 | 6.96M | 65.34M | 11.92M | 15.36M | 45.67M | 61.17M |
| Selling & admin expenses | 1.89M | 1.99M | 2.52M | 39.15M | 22.98M | 27.67M | 41.51M | 80.96M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -1.89M | -1.99M | 1.12M | 13.07M | -38.89M | -26.74M | -28.15M | -56.61M |
| Pretax profit | -1.89M | -1.99M | 1.56M | 2.85M | -105.89M | -13.61M | 32.28M | -86.94M |
| Tax | 0 | 0 | 0 | 3.86M | -592.85K | 279.04K | 3.98M | -2.01M |
| Net profit | -3.54M | -9.68M | -2.28M | -1.01M | -105.30M | -13.89M | 28.31M | -84.93M |
| Basic EPS | 0 | -1 | 0 | 0 | -1 | 0 | 0 | 0 |
| Diluted EPS | -0.24 | -0.62 | -0.07 | -0.02 | -1.34 | -0.16 | 0.19 | -0.31 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 25.11M | 25.66M | 30.46M | 32.34M | 27.92M | 32.11M |
| Gross profit | 12.31M | 12.47M | 18.33M | 18.03M | 15.82M | 18.60M |
| Selling & admin expenses | 8.24M | 19.67M | 33.09M | 19.93M | 27.63M | 22.57M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -3.16M | -15.42M | -24.40M | -13.62M | -21.84M | -14.06M |
| Pretax profit | -57.04M | 16.47M | 147.42M | -193.78M | -149.86M | -113.13M |
| Tax | 671.72K | 1.59M | 697.67K | -4.97M | 421.52K | -1.46M |
| Net profit | -57.71M | 14.87M | 146.72M | -188.82M | -150.28M | -111.67M |
| Basic EPS | 0 | 0 | 0 | -1 | 0 | 0 |
| Diluted EPS | -0.32 | 0.07 | 0.47 | -0.77 | -0.45 | -0.31 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.66M | 560.26K | 8.72M | 90.32M | 64.40M | 83.35M | 296.86M | 593.75M |
| Cash & ST investments | 2.33M | 15.99K | 405.13K | 58.23M | 33.32M | 23.38M | 98.16M | 123.10M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 12.48M | 4.52M | 39.89M | 173.68M | 100.42M | 189.33M | 538.25M | 1.17B |
| Total current liabilities | 403.22K | 429.59K | 1.89M | 5.04M | 7.44M | 27.08M | 55.03M | 92.95M |
| Short-term debt | -- | -- | -- | -- | -- | 1.86M | 4.53M | 18.46M |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | 110.29M |
| Total liabilities | 403,219.00 | 429,593.00 | 1,893,974.00 | 8,274,254.00 | 10,487,358.00 | 36,624,526.00 | 74,768,515.00 | 309,157,330.00 |
| Total equity | 12.08M | 4.09M | 38.00M | 165.40M | 89.93M | 152.70M | 463.48M | 865.26M |
| Retained earnings | -4.32M | -13.79M | -15.70M | -26.12M | -131.42M | -146.91M | -98.21M | -178.53M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 188.02M | 313.75M | 672.65M | 593.75M | 499.73M | 245.45M |
| Cash & ST investments | 61.22M | 185.20M | 184.27M | 123.10M | 83.62M | 86.54M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 485.25M | 723.42M | 1.13B | 1.17B | 1.18B | 1.24B |
| Total current liabilities | 48.25M | 40.10M | 38.37M | 92.95M | 78.55M | 162.51M |
| Short-term debt | 5.03M | 5.49M | 5.62M | 18.46M | 18.38M | 83.89M |
| Long-term debt | -- | -- | -- | 110.29M | 334.19M | 361.62M |
| Total liabilities | 67,830,681.00 | 90,230,393.00 | 87,503,224.00 | 309,157,330.00 | 571,999,768.00 | 703,762,000.00 |
| Total equity | 417.42M | 633.19M | 1.05B | 865.26M | 608.68M | 532.13M |
| Retained earnings | -155.92M | -141.05M | 9.84M | -178.53M | -326.00M | -433.21M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -5.05M | -1.35M | -971.69K | -17.35M | -8.50M | 1.11M | -12.99M | -288.92M |
| Depreciation & amortization | 0 | 0 | 3.32M | 13.11M | 27.83M | 14.43M | 32.31M | 36.82M |
| Free cash flow | -5.05M | -1.46M | -5.48M | -64.19M | -27.83M | -65.55M | -106.99M | -574.85M |
| Dividends paid | -- | -- | -- | 0 | 0 | -1.60M | 0 | -800.00K |
| Stock buybacks / issuance | 5.94M | 0 | 5.25M | 109.21M | 21.01M | 53.82M | 242.86M | 456.26M |
| Ending cash balance | 2.93M | 630.65K | 419.80K | 42.40M | 34.01M | 18.18M | 98.93M | 122.21M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 17.40M | 17.70M | -239.96M | -84.06M | -1.09M | 47.86M |
| Depreciation & amortization | 7.24M | 8.22M | 9.64M | 11.72M | 10.04M | 10.09M |
| Free cash flow | -47.56M | -64.49M | -256.84M | -205.97M | -170.26M | -127.68M |
| Dividends paid | -800.00K | 0 | 0 | 0 | -800.00K | 0 |
| Stock buybacks / issuance | 10.18M | 189.94M | 253.38M | 2.77M | 4.11M | 34.48M |
| Ending cash balance | 61.29M | 184.90M | 182.85M | 122.21M | 83.85M | 87.87M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -29.22 | -122.63 | -9.13 | 4.85 | -86.49 | -12.38 | 9.47 | -13.74 |
| ROA %i | -26.98 | -111.43 | -8.60 | 4.43 | -75.12 | -9.59 | 7.78 | -9.38 |
| ROIC %i | -29.40 | -122.63 | -9.13 | 4.85 | -86.49 | -11.73 | 9.16 | -11.73 |
| 5-year avg ROE %i | -- | -- | -34.44 | -35.39 | -51.23 | -47.67 | -20.72 | -21.29 |
| EBIT margin %i | -53.05 | -208.88 | 5.32 | 13.60 | -120.83 | -59.52 | 16.83 | -73.83 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 14.05 | 1.30 | 4.60 | 17.90 | 8.65 | 3.08 | 5.39 | 6.39 |
| Quick ratioi | 6.14 | 0.04 | 0.27 | 11.54 | 4.58 | 1.38 | 1.99 | 1.64 |
| Debt / assetsi | -- | -- | -- | -- | 0.00 | 3.28 | 2.57 | 11.42 |
| LT debt / equityi | -- | -- | -- | -- | -- | 3.03 | 2.04 | 16.18 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -27.10 |
| Revenue CAGR (3Y) %i | -- | -- | 44.69 | -- | -- | 28.71 | 3.99 | 52.06 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -23.92 | -11.57 | 22.78 | -13.74 | -38.98 | -57.68 |
| ROA %i | -20.48 | -10.14 | 18.16 | -9.38 | -20.32 | -29.74 |
| ROIC %i | -23.23 | -10.98 | 21.81 | -11.73 | -25.87 | -36.48 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 14.50 | 4.83 | -1.36 | -73.83 | -147.43 | -238.60 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 3.90 | 7.82 | 17.53 | 6.39 | 6.36 | 1.51 |
| Quick ratioi | 1.59 | 5.02 | 5.51 | 1.64 | 2.29 | 1.37 |
| Debt / assetsi | 2.89 | 6.05 | 3.70 | 11.42 | 30.82 | 36.88 |
| LT debt / equityi | 2.20 | 6.13 | 4.05 | 16.18 | 75.08 | 96.31 |
| Interest coveragei | -- | -- | -- | -27.10 | -20.98 | -18.05 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Cloud Services is the largest reported line at 74.13% of revenue, across 6 reported segments.
- The next-largest line, Colocation services, is a distant second at 14.80% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Cloud Services74.13%
Colocation services14.80%
Digital asset mining7.38%
Ethereum (ETH) staking2.81%
Other revenue0.96%
Quote time 2026-10-08 10:00:35 · For reference only, not investment advice and not tailored to your situation.