BTC Digital Ltd. (BTCT) Key Metrics
BTCT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $8.7M
- Enterprise value
- $22.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.6 10-yr median 2.0
- Price / book
- 0.5 10-yr median 0.8
- EV / EBITDA
- 7.7
- Dividend yield
- —
- Beta
- 5.81
BTCT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTCT valuation Price multiples at each fiscal year-end price.
BTCT returns How much profit the business earns on the capital it uses.
BTCT per-share figures Results divided by the shares outstanding at year-end.
BTCT financial health Debt, liquidity and how easily interest is covered.
BTCT efficiency & capital use Working capital cycle and where the cash goes.
BTCT valuation history
BTCT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTCT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTCT price vs earnings per share
BTCT key metrics
2016–2025| 2025 | 2024 | 2023 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $10.7M | $32.2M | $18.0M | — | — | — |
| Enterprise value | $5.3M | $18.2M | $18.1M | — | — | — |
| Price / sales | 0.8 | 2.8 | 2.0 | — | — | — |
| Price / book | 0.3 | 0.8 | 0.9 | — | — | — |
| Price / free cash flow | — | — | 13.8 | — | — | — |
| Price / operating cash flow | — | 20.7 | 4.7 | — | — | — |
| EV / sales | 0.4 | 1.6 | 2.0 | — | — | — |
| EV / EBITDA | — | 10.4 | 46.4 | — | — | — |
| EV / free cash flow | — | — | 13.8 | — | — | — |
| Earnings yield | −84.8% | −6.2% | −15.7% | — | — | — |
| Free cash flow yield | −120.4% | −3.7% | 7.3% | — | — | — |
| Share price at fiscal year-end | $1.30 | $4.78 | $4.82 | $5,880.00 | — | — |
| Per share | ||||||
| Revenue per share | $1.71 | $1.73 | $2.43 | — | — | — |
| Earnings per share | −$1.10 | −$0.30 | −$0.76 | — | — | — |
| Operating cash flow per share | −$0.53 | $0.23 | $1.02 | — | — | — |
| Free cash flow per share | −$1.56 | −$0.18 | $0.35 | — | — | — |
| Cash per share | $0.96 | $2.21 | $0.01 | — | — | — |
| Book value per share | $4.52 | $5.92 | $5.20 | — | — | — |
| Tangible book value per share | $4.52 | $5.92 | $5.20 | — | — | — |
| Capex per share | $1.04 | $0.41 | $0.67 | — | — | — |
| Debt per share | $0.30 | $0.13 | $0.03 | — | — | — |
| Shares outstanding | 8.2M | 6.7M | 3.7M | — | — | — |
| Change in shares outstanding | +22.0% | +80.4% | — | — | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −23.5% | −6.7% | −14.5% | — | — | — |
| Return on invested capital (ROIC) | −24.2% | −9.3% | −10.0% | — | — | — |
| Return on assets (ROA) | −22.4% | −6.1% | −11.5% | 6.0% | 0.8% | −3.7% |
| Return on tangible assets | −22.7% | −4.8% | −11.5% | 8.3% | 0.7% | −4.0% |
| Free cash flow margin | −91.6% | −10.2% | 14.4% | 1.0% | 104.4% | 1.5% |
| Income quality (OCF / net income) | — | — | — | 1.37 | 41.80 | — |
| Financial health | ||||||
| Total debt | $2.5M | $853,000 | $125,000 | $11.8M | — | — |
| Cash & short-term investments | $7.9M | $14.9M | $43,000 | $25.4M | $372.0M | $187.4M |
| Net debt | −$5.4M | −$14.0M | $82,000 | −$13.6M | −$372.0M | −$187.4M |
| Debt / equity | 0.07 | 0.02 | 0.01 | — | — | — |
| Debt / assets | 0.06 | 0.02 | 0.01 | 0.01 | — | — |
| Net debt / EBITDA | — | −8.07 | 0.21 | −0.13 | −4.29 | −59.83 |
| Current ratio | 7.79 | 27.49 | 1.75 | 0.37 | 0.63 | 0.52 |
| Quick ratio | 7.79 | 27.49 | 1.24 | 0.36 | 0.62 | 0.52 |
| Interest coverage | -142.1 | -55.8 | -39.4 | — | — | — |
| Working capital | $16.8M | $23.7M | $3.8M | −$655.5M | −$334.8M | −$339.3M |
| Invested capital | $31.7M | $25.9M | $19.5M | −$152.0M | −$646.5M | −$491.4M |
| Tangible asset value | $37.2M | $39.9M | $19.4M | −$428.4M | −$326.5M | −$356.8M |
| Net current asset value | $16.5M | $23.3M | $3.8M | −$737.6M | −$604.7M | −$584.8M |
| Graham net-net per share | $1.25 | $2.66 | $0.10 | — | — | — |
| Capital allocation | ||||||
| Capex / revenue | 60.7% | 23.5% | 27.6% | 4.5% | 43.1% | 10.1% |
| Capex / operating cash flow | — | 176.2% | 65.7% | 82.0% | 29.2% | 87.3% |
| Capex / depreciation | 2.04 | 0.75 | 0.79 | 1.17 | 2.06 | 2.55 |
| Stock-based compensation / revenue | 13.0% | 4.9% | 1.5% | 0.5% | 4.5% | 0.8% |
| R&D / revenue | — | — | — | 1.8% | 12.0% | 2.3% |
| SG&A / revenue | 40.2% | 23.9% | 14.8% | 50.4% | 346.7% | 58.3% |
| Efficiency | ||||||
| Days sales outstanding | 163.0 | 174.5 | 220.7 | 3.7 | 32.6 | 8.4 |
| Days of inventory on hand | — | — | 93.4 | 4.5 | 4.5 | 4.6 |
| Days payables outstanding | 1.2 | 3.8 | 4.6 | 2.6 | 5.4 | 7.3 |
| Cash conversion cycle (days) | 161.7 | 170.6 | 309.5 | 5.6 | 31.7 | 5.7 |
| Receivables turnover | 2.24 | 2.09 | 1.65 | 99.59 | 11.19 | 43.27 |
| Payables turnover | 299.13 | 95.14 | 79.75 | 138.20 | 67.09 | 50.01 |
| Inventory turnover | — | — | 3.91 | 80.25 | 81.49 | 80.13 |
| Asset turnover | 0.35 | 0.36 | 0.37 | 1.49 | 0.23 | 1.23 |
| Average receivables | $6.3M | $5.6M | $5.5M | $14.3M | $15.7M | $18.5M |
| Average payables | $57,500 | $121,500 | $128,000 | $4.5M | $7.0M | $6.9M |
| Average inventory | — | — | $2.6M | $7.8M | $5.7M | $4.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 31.2% | 5.9% | 8.2% |
Computed from BTCT's annual financial statements (latest annual report filed May 11, 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.
BTCT valuation and financial ratios
BTC Digital earned a return on equity of −23.5% and a return on invested capital of −24.2% in fiscal 2025. It ended the year with $2.5 million of debt and $7.9 million in cash and short-term investments, a net cash position of $5.4 million.
See the BTCT income statement, the BTCT chart for price history, or the BTCT stock overview for the latest quote and news.
BTCT key metrics FAQ
What is BTC Digital's return on equity?
BTC Digital's return on equity (ROE) was −23.5% in fiscal 2025: net income of -$9.1 million on average shareholders' equity of $38.5 million.
What is BTC Digital's ROIC?
BTC Digital's return on invested capital was −24.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BTC Digital have?
BTC Digital had total debt of $2.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
What is BTC Digital's free cash flow yield?
BTC Digital generated -$12.9 million of free cash flow in fiscal 2025, a free cash flow yield of −120.4% on its market value at year-end ($10.7 million).
What is BTC Digital's current ratio?
BTC Digital's current ratio was 7.79 at the end of fiscal 2025: current assets were 7.79 times current liabilities.