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BITFARMS LTD/CANADA (BITF) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BITF - CA09173B1076 - Common Stock

2.74 USD
-0.2 (-6.8%)
Last: 12/12/2025, 8:15:55 PM
2.74 USD
0 (0%)
After Hours: 12/12/2025, 8:15:55 PM
Fundamental Rating

3

BITF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 280 industry peers in the Software industry. While BITF seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, BITF is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

BITF had negative earnings in the past year.
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.
In multiple years BITF reported negative operating cash flow during the last 5 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

The Return On Assets of BITF (-16.26%) is worse than 70.71% of its industry peers.
BITF's Return On Equity of -21.32% is on the low side compared to the rest of the industry. BITF is outperformed by 60.71% of its industry peers.
Industry RankSector Rank
ROA -16.26%
ROE -21.32%
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

BITF does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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.
Compared to 1 year ago, BITF has more shares outstanding
Compared to 5 years ago, BITF has more shares outstanding
The debt/assets ratio for BITF has been reduced compared to a year ago.
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

BITF has an Altman-Z score of 4.82. This indicates that BITF is financially healthy and has little risk of bankruptcy at the moment.
BITF's Altman-Z score of 4.82 is fine compared to the rest of the industry. BITF outperforms 68.21% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that BITF is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, BITF is in line with its industry, outperforming 52.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 4.82
ROIC/WACCN/A
WACC9.91%
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 3.20 indicates that BITF has no problem at all paying its short term obligations.
BITF's Current ratio of 3.20 is fine compared to the rest of the industry. BITF outperforms 77.14% of its industry peers.
BITF has a Quick Ratio of 3.14. This indicates that BITF is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 3.14, BITF is doing good in the industry, outperforming 77.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.2
Quick Ratio 3.14
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 58.37%, which is quite impressive.
The Revenue has grown by 47.60% in the past year. This is a very strong growth!
The Revenue has been growing by 42.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)58.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-62.5%
Revenue 1Y (TTM)47.6%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%

3.2 Future

BITF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.53% yearly.
BITF is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 35.37% yearly.
EPS Next Y-125.81%
EPS Next 2Y-4.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year50.02%
Revenue Next 2Y22.6%
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.
Also next year BITF is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 20 40

4.2 Price Multiples

64.64% of the companies in the same industry are more expensive than BITF, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 40.47
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

BITF's earnings are expected to decrease with -4.53% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.53%
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 (12/12/2025, 8:15:55 PM)

After market: 2.74 0 (0%)

2.74

-0.2 (-6.8%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-13 2025-11-13/bmo
Earnings (Next)03-25 2026-03-25/bmo
Inst Owners38.23%
Inst Owner Change89.92%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap1.54B
Revenue(TTM)270.06M
Net Income(TTM)-130.32M
Analysts82.5
Price Target3.83 (39.78%)
Short Float %15.96%
Short Ratio0.89
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)-565.27%
Min EPS beat(2)-1174.51%
Max EPS beat(2)43.98%
EPS beat(4)2
Avg EPS beat(4)-244.89%
Min EPS beat(4)-1174.51%
Max EPS beat(4)198.04%
EPS beat(8)3
Avg EPS beat(8)-216.49%
EPS beat(12)5
Avg EPS beat(12)-144.73%
EPS beat(16)5
Avg EPS beat(16)-350.08%
Revenue beat(2)0
Avg Revenue beat(2)-8.62%
Min Revenue beat(2)-15.14%
Max Revenue beat(2)-2.09%
Revenue beat(4)1
Avg Revenue beat(4)-5.35%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)2.32%
Revenue beat(8)3
Avg Revenue beat(8)0.44%
Revenue beat(12)7
Avg Revenue beat(12)6.67%
Revenue beat(16)7
Avg Revenue beat(16)2.8%
PT rev (1m)49%
PT rev (3m)49.66%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-181.82%
EPS NY rev (3m)-100%
Revenue NQ rev (1m)-21.03%
Revenue NQ rev (3m)-20.79%
Revenue NY rev (1m)-9.08%
Revenue NY rev (3m)-11.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.71
P/FCF N/A
P/OCF N/A
P/B 2.52
P/tB 2.53
EV/EBITDA 40.47
EPS(TTM)-0.15
EYN/A
EPS(NY)-0.15
Fwd EYN/A
FCF(TTM)-0.63
FCFYN/A
OCF(TTM)-0.35
OCFYN/A
SpS0.48
BVpS1.09
TBVpS1.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.26%
ROE -21.32%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score3
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 1.72
Cap/Depr 127.31%
Cap/Sales 58.82%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.2
Quick Ratio 3.14
Altman-Z 4.82
F-Score3
WACC9.91%
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)58.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-62.5%
EPS Next Y-125.81%
EPS Next 2Y-4.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)47.6%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%
Revenue Next Year50.02%
Revenue Next 2Y22.6%
Revenue Next 3Y61.97%
Revenue Next 5Y35.37%
EBIT growth 1Y13.57%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year158.44%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1174.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-555.46%
OCF growth 3YN/A
OCF growth 5YN/A

BITFARMS LTD/CANADA / BITF FAQ

Can you provide the ChartMill fundamental rating for BITFARMS LTD/CANADA?

ChartMill assigns a fundamental rating of 3 / 10 to BITF.


What is the valuation status of BITFARMS LTD/CANADA (BITF) stock?

ChartMill assigns a valuation rating of 1 / 10 to BITFARMS LTD/CANADA (BITF). This can be considered as Overvalued.


Can you provide the profitability details for BITFARMS LTD/CANADA?

BITFARMS LTD/CANADA (BITF) has a profitability rating of 0 / 10.