Bit Digital, Inc. (BTBT) Key Metrics
BTBT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $346.1M
- Enterprise value
- $1.02B
- P/E (TTM)
- —
- Forward P/E
- 7.8
- PEG ratio
- —
- Price / sales
- 2.9 10-yr median 2.5
- Price / book
- 1.7 10-yr median 0.9
- EV / EBITDA
- 12.9
- Dividend yield
- —
- Beta
- 3.85
BTBT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTBT returns How much profit the business earns on the capital it uses.
Return on equity−22.7 pts
−13.5%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−23.0 pts
−12.8%
2025 · hover or tap a bar for each year
20162025
Return on assets−17.2 pts
−9.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−440.9 pts
−506.2%
2025 · hover or tap a bar for each year
20162025
Asset turnover−70.5%
0.13
2025 · hover or tap a bar for each year
20162025
BTBT financial health Debt, liquidity and how easily interest is covered.
Debt / equity+522.1%
0.19
2025 · hover or tap a bar for each year
20162025
Net debt−$319.4M
−$403.8M
2025 · hover or tap a bar for each year
20162025
Current ratio+18.0%
6.36
2025 · hover or tap a bar for each year
20162025
Interest coverage
-18.3
2025 · hover or tap a bar for each year
20162025
Debt / assets+345.4%
0.11
2025 · hover or tap a bar for each year
20162025
BTBT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+53 days
98 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+8 days
25 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+44 days
73 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+194.4 pts
251.8%
2025 · hover or tap a bar for each year
20162025
BTBT valuation history
Fiscal year-endToday10-year median
BTBT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTBT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTBT cash returned to shareholders
DividendsBuybacksFree cash flow
BTBT price vs earnings per share
Share price at year-endEPS (right axis)
BTBT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | — | $414.6M | $370.3M | $47.2M | — | — | — | — | — | — |
| Enterprise value | — | $330.3M | $311.7M | $13.9M | — | — | — | — | — | — |
| P/E ratio | — | 14.6 | — | — | — | — | — | — | — | — |
| Price / sales | — | 2.5 | 8.2 | 1.5 | — | — | — | — | — | — |
| Price / book | — | 0.9 | 2.4 | 0.5 | — | — | — | — | — | — |
| Price / operating cash flow | — | — | 334.9 | — | — | — | — | — | — | — |
| EV / sales | — | 2.0 | 6.9 | 0.4 | — | — | — | — | — | — |
| EV / EBITDA | — | 5.5 | — | — | — | — | — | — | — | — |
| Earnings yield | — | 6.8% | −3.8% | −223.2% | — | — | — | — | — | — |
| Free cash flow yield | — | −25.8% | −17.7% | −59.0% | — | — | — | — | — | — |
| Dividend yield | — | 0.2% | 0.4% | 0.0% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | 0.2% | 0.4% | 0.2% | — | — | — | — | — | — |
| Share price at fiscal year-end | $1.89 | $2.93 | $4.23 | $0.60 | $6.08 | $21.91 | $0.40 | $6.50 | — | — |
| Per share | ||||||||||
| Revenue per share | — | $1.16 | $0.51 | $0.41 | — | — | — | — | — | — |
| Earnings per share | — | $0.20 | −$0.16 | −$1.34 | — | — | — | — | — | — |
| Operating cash flow per share | — | −$0.09 | $0.01 | −$0.11 | — | — | — | — | — | — |
| Free cash flow per share | — | −$0.76 | −$0.75 | −$0.35 | — | — | — | — | — | — |
| Cash per share | — | $0.69 | $0.74 | $0.42 | — | — | — | — | — | — |
| Book value per share | — | $3.28 | $1.74 | $1.14 | — | — | — | — | — | — |
| Tangible book value per share | — | $3.05 | $1.74 | $1.14 | — | — | — | — | — | — |
| Dividends per share | — | $0.01 | $0.02 | $0.00 | — | — | — | — | — | — |
| Capex per share | — | $0.66 | $0.76 | $0.25 | — | — | — | — | — | — |
| Debt per share | — | $0.10 | $0.07 | — | — | — | — | — | — | — |
| Shares outstanding | — | 141.5M | 87.5M | 78.6M | — | — | — | — | — | — |
| Change in shares outstanding | — | +61.7% | +11.3% | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −13.5% | 9.2% | −11.5% | −80.5% | −1.0% | −10.6% | −83.2% | −30.2% | −9.6% | 3.7% |
| Return on invested capital (ROIC) | −12.8% | 10.2% | −17.4% | −91.1% | 3.5% | 3.6% | −55.1% | −19.1% | −31.3% | 52.0% |
| Return on assets (ROA) | −9.4% | 7.8% | −9.6% | −75.1% | −0.9% | −9.8% | −72.8% | −27.9% | −8.6% | 3.2% |
| Return on tangible assets | −7.0% | 5.6% | −7.3% | −104.9% | −0.6% | −5.7% | −105.6% | −28.3% | −7.3% | 1.8% |
| Free cash flow margin | −506.2% | −65.3% | −145.9% | −86.2% | −73.0% | −37.6% | −48.5% | −106.3% | −28.2% | −32.4% |
| Income quality (OCF / net income) | — | −0.46 | — | — | — | — | — | — | — | −6.79 |
| Financial health | ||||||||||
| Total debt | $134.2M | $13.8M | $6.2M | — | — | $336,722 | — | — | — | — |
| Cash & short-term investments | $537.9M | $98.2M | $64.8M | $33.3M | $42.4M | $405,133 | $34,485 | $2.3M | $5.5M | $7.4M |
| Net debt | −$403.8M | −$84.4M | −$58.5M | −$33.3M | −$42.4M | −$68,411 | −$34,485 | −$2.3M | −$5.5M | −$7.4M |
| Debt / equity | 0.19 | 0.03 | 0.04 | — | — | 0.01 | — | — | — | — |
| Debt / assets | 0.11 | 0.03 | 0.03 | — | — | 0.01 | — | — | — | — |
| Net debt / EBITDA | — | −1.41 | — | — | −1.62 | −0.02 | — | — | — | −28.84 |
| Current ratio | 6.36 | 5.39 | 3.04 | 8.65 | 19.14 | 4.60 | 1.39 | 14.05 | 21.43 | 28.02 |
| Quick ratio | 6.36 | 5.39 | 3.00 | 8.33 | 19.14 | 3.60 | 1.77 | 14.05 | 21.43 | 28.02 |
| Interest coverage | -18.3 | — | — | -0.8 | 0.6 | 804.0 | -5.0 | -6.4 | -798.0 | 791.4 |
| Working capital | $498.6M | $241.8M | $55.2M | $57.0M | $91.5M | $6.8M | $538,257 | $5.3M | $9.6M | $7.6M |
| Invested capital | $320.2M | $379.1M | $94.2M | $56.6M | $129.2M | $37.9M | $5.0M | $9.3M | $6.4M | $480,824 |
| Tangible asset value | $832.3M | $431.1M | $152.7M | $89.9M | $171.6M | $38.0M | $5.1M | $12.1M | $12.4M | $8.8M |
| Net current asset value | $282.4M | $222.1M | $45.7M | $53.9M | $88.3M | $6.8M | $418,257 | $5.3M | $9.6M | $7.6M |
| Graham number | — | $3.84 | — | — | — | — | — | — | — | — |
| Graham net-net per share | — | $0.31 | $0.45 | $0.31 | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $800,000 | $800,000 | $1.6M | $0 | $1.1M | — | — | — | — | — |
| Share buybacks (net) | — | — | — | $76,820 | $1.1M | — | — | — | — | — |
| Dividend payout ratio | — | 2.8% | — | — | — | — | — | — | — | — |
| Capex / revenue | 251.8% | 57.4% | 148.4% | 59.9% | 48.8% | 21.4% | 19.0% | 42.3% | 0.7% | 2.9% |
| Capex / operating cash flow | — | — | 6,029.3% | — | — | — | — | — | — | — |
| Capex / depreciation | 7.77 | 2.91 | 4.62 | 0.69 | 3.57 | 1.36 | 28.93 | 40.23 | 0.85 | 2.79 |
| Stock-based compensation / revenue | 21.6% | 6.0% | 20.3% | 7.0% | 22.8% | 2.2% | 38.4% | 9.6% | 7.0% | — |
| R&D / revenue | — | — | — | — | — | 0.7% | 3.0% | 5.7% | 7.0% | 11.3% |
| SG&A / revenue | 71,296.3% | 25.3% | 61.6% | 74.6% | 40.8% | 11.9% | 205.6% | 24.0% | 112.6% | 82.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 98.2 | 45.6 | 59.3 | 8.3 | — | 17.2 | 81.0 | 9.3 | 7.8 | 2.1 |
| Days of inventory on hand | — | — | 21.4 | 43.5 | — | 17.9 | — | — | — | — |
| Days payables outstanding | 25.1 | 16.8 | 36.7 | 55.9 | 23.6 | 35.3 | — | 716,397.8 | 282.8 | — |
| Cash conversion cycle (days) | 73.0 | 28.9 | 44.0 | -4.0 | — | -0.2 | — | -716,388.6 | -275.0 | — |
| Receivables turnover | 3.72 | 8.00 | 6.16 | 43.85 | — | 21.16 | 4.51 | 39.38 | 46.68 | 174.00 |
| Payables turnover | 14.51 | 21.76 | 9.94 | 6.53 | 15.47 | 10.33 | — | 0.00 | 1.29 | 0.00 |
| Inventory turnover | — | — | 17.03 | 8.39 | — | 20.44 | — | — | — | — |
| Asset turnover | 0.13 | 0.45 | 0.31 | 0.23 | 0.87 | 0.91 | 0.48 | 0.62 | 0.63 | 0.74 |
| Average receivables | $30.5M | $20.5M | $7.3M | $736,445 | — | $995,426 | $1.0M | $200,335 | $148,958 | $21,298 |
| Average payables | $6.1M | $2.9M | $3.0M | $3.1M | $2.0M | $1.4M | — | $394,510 | $303,698 | $93,855 |
| Average inventory | — | — | $1.7M | $2.4M | — | $690,097 | −$529,606 | — | — | — |
| Intangibles / total assets | 2.8% | 6.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BTBT's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BTBT valuation and financial ratios
Bit Digital earned a return on equity of −13.5% and a return on invested capital of −12.8% in fiscal 2025. It ended the year with $134.2 million of debt and $537.9 million in cash and short-term investments, a net cash position of $403.8 million. It returned $0.8 million to shareholders: $0.8 million in dividends and $0 in share buybacks.
See the BTBT income statement, the BTBT chart for price history, or the BTBT stock overview for the latest quote and news.
BTBT key metrics FAQ
What is Bit Digital's return on equity?
Bit Digital's return on equity (ROE) was −13.5% in fiscal 2025: net income of -$80.3 million on average shareholders' equity of $593.7 million.
What is Bit Digital's ROIC?
Bit Digital's return on invested capital was −12.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bit Digital have?
Bit Digital had total debt of $134.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and more cash than debt.
What is Bit Digital's current ratio?
Bit Digital's current ratio was 6.36 at the end of fiscal 2025: current assets were 6.36 times current liabilities.