Bit Digital, Inc. (BTBT) Income Statement
BTBT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBTBT revenue and net income
Where BTBT's revenue goes
2025Each bar shows an amount and its share of revenue. BTBT kept −70.7% of revenue as net income.
BTBT profit margins
BTBT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.7% | +52.1% | +40.1% | — |
| Gross profit | −76.0% | +26.9% | +28.5% | — |
| Operating income | −305.4% | — | — | — |
| Net income | −383.7% | — | — | — |
| EPS (diluted) | −183.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BTBT quarterly EPS vs estimates
Bit Digital beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.05).
BTBT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.6M | $163.8M | $44.9M | $32.3M | $96.1M | $21.1M | $4.6M | $7.9M | $7.0M | $3.7M |
| Cost of revenue | $89.2M | $62.4M | $29.6M | $20.4M | $30.7M | $14.1M | $0 | $201 | $391,927 | $0 |
| Gross profit | $24.4M | $101.4M | $15.4M | $11.9M | $65.3M | $7.0M | $4.6M | $7.9M | $6.6M | $3.7M |
| Research & development | — | — | — | — | — | $137,423 | $137,423 | $447,884 | $485,852 | $417,901 |
| Sales, general & admin | $80.96B | $41.5M | $27.7M | $24.1M | $39.2M | $2.5M | $9.4M | $1.9M | $7.8M | $3.1M |
| Total operating expenses | $81.0M | $73.8M | $32.0M | $119.1M | $59.4M | $5.4M | $9.6M | $1.9M | $8.3M | $3.5M |
| Operating income | −$56.6M | $27.6M | −$16.6M | −$107.2M | $5.9M | $1.6M | −$5.0M | −$1.9M | −$1.4M | $216,854 |
| Interest income | — | — | — | — | — | $41 | $40 | $24,530 | $17,166 | — |
| Interest expense | $3.1M | $0 | $0 | $132.6M | $9.4M | $1,937 | $995,765 | $297,692 | $1,703 | $274 |
| Income before taxes | −$86.9M | $32.3M | −$13.6M | −$105.9M | $2.8M | $1.6M | −$6.1M | −$1.9M | −$1.3M | $219,749 |
| Income taxes | −$2.0M | $4.0M | $279,044 | −$592,850 | $3.9M | $3.0M | $806,803 | −$461,171 | −$272,000 | $54,938 |
| Net income | −$80.3M | $28.3M | −$13.9M | −$105.3M | −$1.0M | −$2.3M | −$6.9M | −$3.5M | −$942,000 | $160,905 |
| EBITDA | −$19.8M | $59.9M | −$12.3M | −$11.1M | $26.2M | $4.4M | −$5.0M | −$1.8M | −$1.2M | $255,827 |
| EPS (diluted) | −$0.10 | $0.12 | −$0.21 | −$0.47 | $0.27 | $0.02 | −$0.74 | −$0.38 | −$0.57 | $3.08 |
| Gross margin | 21.4% | 61.9% | 34.2% | 36.9% | 68.0% | 33.0% | 100.0% | 100.0% | 94.4% | 100.0% |
| Operating margin | −49.8% | 16.8% | −37.0% | −331.8% | 6.1% | 7.4% | −108.6% | −24.0% | −19.5% | 5.9% |
| Net margin | −70.7% | 17.3% | −30.9% | −326.0% | −1.1% | −10.8% | −151.2% | −44.8% | −13.5% | 4.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.1M | $27.9M | $32.3M | $30.5M | $25.7M | $25.1M | $81.8M | $22.7M | $29.0M | $30.4M | $16.1M | $11.6M |
| Cost of revenue | $13.5M | $22.1M | $26.0M | $21.8M | $21.4M | $20.0M | $15.6M | $15.5M | $15.2M | $16.2M | $9.9M | $8.8M |
| Gross profit | $18.6M | $5.8M | $6.3M | $8.7M | $4.3M | $5.1M | $66.2M | $7.2M | $13.8M | $14.2M | $6.1M | $2.8M |
| Sales, general & admin | $22.6M | $27.63B | $19.9M | $33.1M | $19.7M | $8.2M | $16.9M | $13.7M | $5.5M | $6.0M | $12.2M | $5.3M |
| Total operating expenses | $33.6M | $27.6M | $19.9M | $33.1M | $19.7M | $8.2M | $37.4M | $44.0M | $25.4M | −$32.9M | $10.0M | $9.8M |
| Operating income | −$15.0M | −$21.8M | −$13.6M | −$24.4M | −$15.4M | −$3.2M | $28.8M | −$36.7M | −$11.6M | $47.2M | −$3.9M | −$7.0M |
| Interest expense | $8.1M | $5.08B | $3.1M | — | $0 | $0 | — | — | — | — | — | — |
| Income before taxes | −$113.1M | −$149.9M | −$193.8M | $147.4M | $16.5M | −$57.0M | $30.2M | −$38.2M | −$11.4M | $51.7M | −$2.0M | −$7.1M |
| Income taxes | −$1.5M | $421,523 | −$5.0M | $697,668 | $1.6M | $671,716 | $1.2M | $628,230 | $541,781 | $1.6M | $13,047 | $102,927 |
| Net income | −$107.2M | −$146.7M | −$188.4M | $150.9M | $14.9M | −$57.7M | $29.0M | −$38.8M | −$12.0M | $50.1M | −$2.0M | −$7.2M |
| EBITDA | −$72.5M | −$134.7M | −$1.9M | −$14.8M | −$5.9M | $5.2M | $49.8M | −$6.4M | $8.8M | $8.3M | −$6.1M | −$2.1M |
| EPS (diluted) | −$0.06 | −$0.45 | −$0.05 | −$0.07 | $0.07 | −$0.05 | $0.19 | −$0.11 | −$0.01 | $0.05 | −$0.02 | −$0.03 |
| Gross margin | 57.9% | 20.7% | 19.5% | 28.5% | 16.6% | 20.2% | 80.9% | 31.9% | 47.6% | 46.8% | 38.1% | 23.9% |
| Operating margin | −46.7% | −78.2% | −42.1% | −80.1% | −60.1% | −12.6% | 35.2% | −161.8% | −40.0% | 155.2% | −24.4% | −60.6% |
| Net margin | −333.9% | −525.2% | −582.5% | 495.3% | 58.0% | −229.9% | 35.4% | −170.8% | −41.3% | 164.8% | −12.6% | −62.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BTBT's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BTBT financial results
In fiscal year 2025 (ended December 31, 2025), Bit Digital reported revenue of $113.6 million, down 30.7% from the year before. It had a net loss of $80.3 million, a net profit margin of −70.7%. Diluted earnings per share came to −$0.10. Over five years revenue grew at an average rate of 40.1% a year.
See the BTBT stock overview for the latest quote and news, or the BTBT chart for price history and technical indicators.
BTBT income statement FAQ
What is Bit Digital's annual revenue?
Bit Digital reported total revenue of $113.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 30.7% from $163.8 million the previous year.
Is Bit Digital profitable?
No. Bit Digital reported a net loss of $80.3 million in fiscal 2025, a net profit margin of −70.7%; its operating margin was −49.8%.
What is Bit Digital's gross margin?
Bit Digital's gross margin was 21.4% in fiscal 2025: for every $100 of revenue, Bit Digital kept $21 after the direct cost of its products and services.
How fast is Bit Digital growing?
Revenue grew 40.1% a year on average over the last five fiscal years, from $21.1 million to $113.6 million.
What are Bit Digital's earnings per share?
Bit Digital earned $-0.10 per diluted share in fiscal 2025, compared with $0.12 a year earlier.
When will Bit Digital report its next earnings?
Bit Digital is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Bit Digital's fiscal year end?
Bit Digital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.