Bit Digital Inc (NASDAQ:BTBT) Q3 2025 Earnings Fall Short of Estimates

Bit Digital Inc (NASDAQ:BTBT) has released its financial results for the third quarter of 2025, delivering a performance that has fallen short of analyst expectations on key profitability metrics. The market's immediate reaction, a significant pre-market sell-off, reflects investor disappointment with the reported figures.

Earnings and Revenue Performance Versus Estimates

The company's results for the quarter ending in the third period of 2025 showed a notable divergence from what Wall Street had forecasted. While revenue was nearly in line with estimates, the earnings per share figure was a primary point of concern.

• Revenue: The company reported revenue of $30.46 million, which came close to the analyst estimate of $30.91 million.
• Earnings Per Share (EPS): The reported non-GAAP EPS was a loss of $0.05 per share. This missed the analyst estimate, which projected a much smaller loss of $0.0051 per share.

The substantial miss on the bottom line, despite the top-line revenue being relatively on target, suggests pressures on profitability, potentially from operational costs or other expenses that exceeded projections during the quarter.

Market Reaction to the Report

The financial markets have delivered a clear verdict on the earnings release. The stock is experiencing a sharp decline in pre-market trading, indicating that investors are focusing heavily on the negative earnings surprise. This price action underscores the market's prioritization of profitability, even when revenue targets are largely met.

Looking Ahead: Analyst Estimates for Future Periods

With the Q3 results now public, investor attention will begin to shift toward the company's future performance. Analyst estimates for the upcoming periods provide a benchmark for expectations.

• Q4 2025 Estimates: Analysts are forecasting a near-break-even scenario for the next quarter, with an estimated EPS of -$0.006 and sales of $38.26 million.
• Full-Year 2025 Estimates: For the entire fiscal year 2025, the analyst consensus projects an EPS of -$0.21 on sales of $120.81 million.

The company's ability to narrow its losses in the fourth quarter to meet the more optimistic analyst forecast will be a critical factor for its stock performance in the near term.

Summary of the Announcement

Bit Digital announced its third-quarter 2025 financial results via a press release dated November 14, 2025. The company, which focuses on digital asset mining and high-performance computing cloud services, held a conference call to discuss these results. The core takeaway from the release is the official reporting of the revenue and EPS figures that have now been measured against market expectations.

For a detailed breakdown of historical earnings, future estimates, and analyst revisions, you can review the data here.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. All investment and trading decisions involve risk, and readers should conduct their own research before making any decisions.