See more : Komaihaltec Inc. (5915.T) Income Statement Analysis – Financial Results
Complete financial analysis of Bit Digital, Inc. (BTBT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bit Digital, Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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Bit Digital, Inc. (BTBT)
About Bit Digital, Inc.
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.92M | 32.30M | 96.08M | 21.07M | 4.59M | 7.89M | 6.95M | 3.71M | 0.00 |
| Cost of Revenue | 29.56M | 20.37M | 30.74M | 14.10M | 0.00 | 0.00 | 391.93K | 0.00 | 0.00 |
| Gross Profit | 15.36M | 11.92M | 65.34M | 6.96M | 4.59M | 7.89M | 6.56M | 3.71M | 0.00 |
| Gross Profit Ratio | 34.20% | 36.91% | 68.01% | 33.04% | 100.00% | 100.00% | 94.36% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 137.42K | 447.88K | 485.85K | 417.90K | 29.94K |
| General & Administrative | 26.47M | 23.11M | 39.15M | 2.52M | 2.48M | 6.69M | 3.92M | 1.64M | 492.49K |
| Selling & Marketing | 1.20M | 1.10M | 0.00 | 0.00 | 6.96M | 4.94M | 3.91M | 1.43M | 361.09K |
| SG&A | 27.67M | 23.11M | 39.15M | 2.52M | 9.43M | 11.63M | 7.83M | 3.07M | 111.75K |
| Other Expenses | 4.31M | 27.83M | 13.11M | 3.32M | 93.58K | 171.08K | 75.65K | -155.00 | 0.00 |
| Operating Expenses | 31.98M | 50.94M | 52.27M | 5.84M | 9.57M | 12.07M | 8.31M | 3.49M | 141.69K |
| Cost & Expenses | 61.54M | 71.32M | 83.01M | 19.94M | 9.57M | 12.07M | 8.31M | 3.49M | 141.69K |
| Interest Income | 0.00 | 0.00 | 0.00 | 41.00 | 0.00 | 0.00 | 17.17K | 3.32K | 12.00 |
| Interest Expense | 0.00 | 132.62M | 0.00 | 0.00 | 0.00 | 0.00 | 1.70K | 1.01K | 0.00 |
| Depreciation & Amortization | 14.43M | 27.83M | 13.11M | 3.32M | 30.20K | 82.87K | 57.60K | 38.97K | 1.70M |
| EBITDA | -12.31M | -8.96M | 26.18M | 4.45M | -1.96M | -3.91M | -1.21M | 255.83K | 1.56M |
| EBITDA Ratio | -27.40% | 168.93% | 32.51% | 17.28% | -107.95% | -51.99% | -18.72% | 6.90% | 0.00% |
| Operating Income | -16.62M | 26.73M | 18.12M | 315.16K | -4.98M | -4.18M | -1.36M | 216.85K | -141.69K |
| Operating Income Ratio | -37.00% | 82.76% | 18.86% | 1.50% | -108.61% | -53.05% | -19.55% | 5.85% | 0.00% |
| Total Other Income/Expenses | 3.01M | 1.28M | -3.04M | 803.63K | 2.99M | 186.55K | 91.11K | 2.90K | 1.00 |
| Income Before Tax | -13.61M | -105.89M | 8.72M | 1.92M | -6.13M | -4.00M | -1.27M | 219.75K | -141.69K |
| Income Before Tax Ratio | -30.31% | -327.87% | 9.08% | 9.14% | -133.63% | -50.68% | -18.24% | 5.93% | 0.00% |
| Income Tax Expense | 279.04K | -592.85K | 3.86M | 3.03M | 806.80K | -461.17K | -271.54K | 54.94K | -35.42K |
| Net Income | -13.89M | -105.30M | 4.86M | -1.10M | -6.94M | -3.54M | -996.83K | 160.91K | -106.27K |
| Net Income Ratio | -30.93% | -326.03% | 5.06% | -5.24% | -151.21% | -44.84% | -14.34% | 4.34% | 0.00% |
| EPS | -0.16 | -1.34 | 0.09 | -0.04 | -0.46 | -0.25 | -0.08 | 0.01 | -0.01 |
| EPS Diluted | -0.16 | -1.34 | 0.09 | -0.04 | -0.46 | -0.25 | -0.08 | 0.01 | -0.01 |
| Weighted Avg Shares Out | 87.53M | 78.61M | 55.44M | 30.59M | 15.20M | 14.39M | 13.00M | 14.55M | 14.55M |
| Weighted Avg Shares Out (Dil) | 87.53M | 78.61M | 55.44M | 30.59M | 15.20M | 14.39M | 13.00M | 14.55M | 14.55M |
Bit Digital increases hash rate in November
Bit Digital Inc (NASDAQ:BTBT) ended the month of November with 813 Bitcoin (BTC) and 27,563 Ethereum (ETH) valued at approximately $78.4 million and $102.1 million, respectively. According to the high-performance computing (HPC) infrastructure and digital asset production company's unaudited revenue...
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Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript
Bit Digital, Inc. (NASDAQ:BTBT ) Q3 2024 Earnings Conference Call November 18, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Billy Krassakopoulos - CEO, Enovum Conference Call Participants...
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