Bit Digital (BTBT) financial statements
Bit Digital reported revenue of $114M in fiscal 2025, up 54.5% a year over 9 years.
Net income was -$80M and the operating margin -80.9%, against 9.6% in 2016.
Free cash flow was -$575M, and the company returned $800,000 in dividends.
The diluted share count rose 991753% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $4M | $4M | $2M | $21M | $96M | $32M | $45M | $108M | $114M |
| Cost of revenue | — | — | — | — | $14M | $31M | $20M | $30M | — | — |
| Research and development | $417,901 | $485,852 | $447,884 | $137,423 | — | — | — | — | — | — |
| Selling, general and admin | $3M | $8M | $7M | $10M | $3M | $39M | $23M | $28M | $42M | $81M |
| Operating income | $216,854 | -$1M | -$2M | -$2M | $2M | $6M | -$107M | -$17M | $28M | -$92M |
| Interest expense | — | — | — | — | — | — | — | — | — | $3M |
| Pre-tax income | $219,749 | -$1M | -$2M | -$2M | $2M | $3M | -$106M | -$14M | $32M | -$87M |
| Income tax | $54,938 | -$271,541 | -$461,171 | $806,803 | — | $4M | -$592,850 | $279,044 | $4M | -$2M |
| Net income | $160,905 | -$942,368 | -$4M | -$10M | -$2M | -$1M | -$105M | -$14M | $28M | -$80M |
| EPS (diluted) | $6.19 | -$0.14 | -$0.24 | -$0.62 | -$0.07 | -$0.02 | -$1.34 | -$0.16 | $0.19 | -$0.31 |
| Diluted shares | 0M | 7M | 14M | 15M | 31M | 55M | 79M | 88M | 142M | 258M |
| Operating margin | 9.6% | -33.7% | -43.0% | -83.4% | 7.4% | 6.1% | -331.8% | -37.0% | 25.5% | -80.9% |
| Net margin | 7.1% | -23.3% | -80.4% | -404.8% | -10.8% | -1.1% | -326.0% | -30.9% | 26.2% | -70.7% |
Balance sheet
Fiscal years, from Bit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $5M | $2M | $15,988 | $405,133 | $42M | $33M | $17M | $95M | $118M |
| Receivables | — | — | — | — | — | — | — | — | $5M | $24M |
| Total current assets | $8M | $10M | $6M | $560,256 | $9M | $90M | $64M | $83M | $297M | $178M |
| Property, plant and equipment | $86,683 | $83,522 | $723,777 | — | $30M | $32M | $23M | $81M | $107M | $360M |
| Goodwill | — | — | — | — | — | — | — | — | $19M | $20M |
| Total assets | $9M | $13M | $12M | $5M | $40M | $174M | $100M | $189M | $538M | $1.2B |
| Total current liabilities | $282,293 | $469,232 | $403,219 | $429,593 | $2M | $5M | $7M | $27M | $55M | $93M |
| Long-term debt | — | — | — | — | — | $3M | $3M | — | — | — |
| Total liabilities | $282,293 | $469,232 | $403,219 | $429,593 | $2M | $8M | $10M | $37M | $75M | $309M |
| Shareholders' equity | $8M | $12M | $12M | $4M | $38M | $165M | $90M | $153M | $463M | $724M |
| Net debt | -$7M | -$5M | -$2M | -$15,988 | -$405,133 | -$40M | -$30M | -$17M | -$95M | -$118M |
Cash flow
Fiscal years, from Bit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1M | -$2M | -$5M | -$1M | -$971,690 | -$17M | -$8M | $1M | -$13M | -$289M |
| Capital spending | $108,757 | $49,082 | $753,094 | — | $5M | $47M | $19M | $67M | $94M | $286M |
| Free cash flow | -$1M | -$2M | -$6M | — | -$5M | -$64M | -$28M | -$66M | -$107M | -$575M |
| Stock-based compensation | — | — | — | — | — | $22M | $2M | $9M | $10M | $25M |
| Dividends paid | — | — | — | — | — | — | — | $2M | — | $800,000 |
| Share buybacks (net) | — | — | — | — | — | -$1M | -$76,820 | — | — | — |
| Net borrowing | — | — | — | — | — | $1M | — | — | — | — |
| Free cash flow margin | -53.0% | -48.5% | -131.9% | — | -26.0% | -66.8% | -86.2% | -145.9% | -99.0% | -506.2% |
| Dividends per share | — | — | — | — | — | — | — | $0.02 | — | $0.00 |
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Open BTBT in InvestinglyQuestions
What was Bit Digital's revenue in 2025?
$114M in fiscal 2025, from its 10-K filing.
How much free cash flow does Bit Digital generate?
-$575M in fiscal 2025 (operating cash flow minus capital spending).
From Bit Digital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.