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BITFARMS LTD/CANADA (BITF) Stock Fundamental Analysis

NASDAQ:BITF - CA09173B1076 - Common Stock

1.3 USD
+0.06 (+4.84%)
Last: 8/26/2025, 8:16:55 PM
1.3 USD
0 (0%)
Pre-Market: 8/27/2025, 7:24:09 AM
Fundamental Rating

3

Taking everything into account, BITF scores 3 out of 10 in our fundamental rating. BITF was compared to 282 industry peers in the Software industry. BITF scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BITF is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BITF has reported negative net income.
In the past year BITF has reported a negative cash flow from operations.
In the past 5 years BITF reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: BITF reported negative operating cash flow in multiple years.
BITF Yearly Net Income VS EBIT VS OCF VS FCFBITF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

Looking at the Return On Assets, with a value of -10.41%, BITF is doing worse than 61.35% of the companies in the same industry.
The Return On Equity of BITF (-13.01%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -10.41%
ROE -13.01%
ROIC N/A
ROA(3y)-35.51%
ROA(5y)-26.79%
ROE(3y)-46.46%
ROE(5y)-47.92%
ROIC(3y)N/A
ROIC(5y)N/A
BITF Yearly ROA, ROE, ROICBITF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for BITF so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BITF Yearly Profit, Operating, Gross MarginsBITF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150

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5

2. Health

2.1 Basic Checks

BITF does not have a ROIC to compare to the WACC, probably because it is not profitable.
BITF has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BITF has more shares outstanding
Compared to 1 year ago, BITF has an improved debt to assets ratio.
BITF Yearly Shares OutstandingBITF Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
BITF Yearly Total Debt VS Total AssetsBITF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

An Altman-Z score of 2.16 indicates that BITF is not a great score, but indicates only limited risk for bankruptcy at the moment.
BITF has a Altman-Z score of 2.16. This is comparable to the rest of the industry: BITF outperforms 51.77% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that BITF is not too dependend on debt financing.
BITF's Debt to Equity ratio of 0.11 is in line compared to the rest of the industry. BITF outperforms 52.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 2.16
ROIC/WACCN/A
WACC10.44%
BITF Yearly LT Debt VS Equity VS FCFBITF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

2.3 Liquidity

A Current Ratio of 3.11 indicates that BITF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.11, BITF is in the better half of the industry, outperforming 78.01% of the companies in the same industry.
A Quick Ratio of 3.03 indicates that BITF has no problem at all paying its short term obligations.
BITF has a Quick ratio of 3.03. This is in the better half of the industry: BITF outperforms 77.66% of its industry peers.
Industry RankSector Rank
Current Ratio 3.11
Quick Ratio 3.03
BITF Yearly Current Assets VS Current LiabilitesBITF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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6

3. Growth

3.1 Past

BITF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.46%, which is quite impressive.
Looking at the last year, BITF shows a very strong growth in Revenue. The Revenue has grown by 42.25%.
Measured over the past years, BITF shows a very strong growth in Revenue. The Revenue has been growing by 42.85% on average per year.
EPS 1Y (TTM)71.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
Revenue 1Y (TTM)42.25%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%87.25%

3.2 Future

Based on estimates for the next years, BITF will show a very negative growth in Earnings Per Share. The EPS will decrease by -29.44% on average per year.
The Revenue is expected to grow by 35.37% on average over the next years. This is a very strong growth
EPS Next Y-12.9%
EPS Next 2Y-29.44%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year68.71%
Revenue Next 2Y35.38%
Revenue Next 3Y61.97%
Revenue Next 5Y35.37%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BITF Yearly Revenue VS EstimatesBITF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
BITF Yearly EPS VS EstimatesBITF Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BITF. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BITF. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BITF Price Earnings VS Forward Price EarningsBITF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BITF is valued a bit cheaper than 65.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 43.42
BITF Per share dataBITF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

A cheap valuation may be justified as BITF's earnings are expected to decrease with -29.44% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-29.44%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

BITF does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BITFARMS LTD/CANADA

NASDAQ:BITF (8/26/2025, 8:16:55 PM)

Premarket: 1.3 0 (0%)

1.3

+0.06 (+4.84%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-12 2025-08-12/bmo
Earnings (Next)11-11 2025-11-11/bmo
Inst Owners21.49%
Inst Owner Change7.01%
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap724.82M
Analysts82.5
Price Target2.56 (96.92%)
Short Float %8.93%
Short Ratio2
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.54%
Min EPS beat(2)-47.06%
Max EPS beat(2)43.98%
EPS beat(4)2
Avg EPS beat(4)45.73%
Min EPS beat(4)-47.06%
Max EPS beat(4)198.04%
EPS beat(8)3
Avg EPS beat(8)-73.92%
EPS beat(12)5
Avg EPS beat(12)-291.86%
EPS beat(16)6
Avg EPS beat(16)-276.19%
Revenue beat(2)0
Avg Revenue beat(2)-4.28%
Min Revenue beat(2)-6.48%
Max Revenue beat(2)-2.09%
Revenue beat(4)1
Avg Revenue beat(4)-4.55%
Min Revenue beat(4)-11.96%
Max Revenue beat(4)2.32%
Revenue beat(8)4
Avg Revenue beat(8)6.81%
Revenue beat(12)7
Avg Revenue beat(12)6.82%
Revenue beat(16)7
Avg Revenue beat(16)3.38%
PT rev (1m)-1.74%
PT rev (3m)-46.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-121.43%
EPS NY rev (3m)-121.43%
Revenue NQ rev (1m)-6.02%
Revenue NQ rev (3m)-26.8%
Revenue NY rev (1m)-11.67%
Revenue NY rev (3m)-11.67%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.95
P/FCF N/A
P/OCF N/A
P/B 1.09
P/tB 1.1
EV/EBITDA 43.42
EPS(TTM)-0.1
EYN/A
EPS(NY)-0.23
Fwd EYN/A
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)-0.47
OCFYN/A
SpS0.44
BVpS1.19
TBVpS1.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -10.41%
ROE -13.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-35.51%
ROA(5y)-26.79%
ROE(3y)-46.46%
ROE(5y)-47.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 4.31
Cap/Depr 210.27%
Cap/Sales 102.81%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.11
Quick Ratio 3.03
Altman-Z 2.16
F-Score2
WACC10.44%
ROIC/WACCN/A
Cap/Depr(3y)198.14%
Cap/Depr(5y)284.61%
Cap/Sales(3y)120.6%
Cap/Sales(5y)97.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
EPS Next Y-12.9%
EPS Next 2Y-29.44%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)42.25%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%87.25%
Revenue Next Year68.71%
Revenue Next 2Y35.38%
Revenue Next 3Y61.97%
Revenue Next 5Y35.37%
EBIT growth 1Y-37.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year233.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1250.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1419.56%
OCF growth 3YN/A
OCF growth 5YN/A