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BIT DIGITAL INC (BTBT) Stock Fundamental Analysis

NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD

2.49  -0.11 (-4.23%)

After market: 2.52 +0.03 (+1.2%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BTBT. BTBT was compared to 284 industry peers in the Software industry. No worries on liquidiy or solvency for BTBT as it has an excellent financial health rating, but there are worries on the profitability. BTBT 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 BTBT has reported negative net income.
BTBT had a positive operating cash flow in the past year.
In the past 5 years BTBT reported 4 times negative net income.
BTBT had negative operating cash flow in 4 of the past 5 years.
BTBT Yearly Net Income VS EBIT VS OCF VS FCFBTBT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M -40M -60M -80M -100M

1.2 Ratios

The Return On Assets of BTBT (-16.38%) is worse than 67.25% of its industry peers.
Looking at the Return On Equity, with a value of -19.04%, BTBT is in line with its industry, outperforming 44.01% of the companies in the same industry.
Industry RankSector Rank
ROA -16.38%
ROE -19.04%
ROIC N/A
ROA(3y)-35.65%
ROA(5y)-22.65%
ROE(3y)-40.04%
ROE(5y)-25.35%
ROIC(3y)N/A
ROIC(5y)N/A
BTBT Yearly ROA, ROE, ROICBTBT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150 -200 -250

1.3 Margins

BTBT has a worse Gross Margin (42.64%) than 72.89% of its industry peers.
BTBT's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for BTBT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.64%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.66%
GM growth 5YN/A
BTBT Yearly Profit, Operating, Gross MarginsBTBT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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8

2. Health

2.1 Basic Checks

BTBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
BTBT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BTBT has been increased compared to 5 years ago.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BTBT Yearly Shares OutstandingBTBT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BTBT Yearly Total Debt VS Total AssetsBTBT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

BTBT has an Altman-Z score of 4.46. This indicates that BTBT is financially healthy and has little risk of bankruptcy at the moment.
BTBT's Altman-Z score of 4.46 is fine compared to the rest of the industry. BTBT outperforms 70.07% of its industry peers.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 4.46
ROIC/WACCN/A
WACC9.05%
BTBT Yearly LT Debt VS Equity VS FCFBTBT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 3.90 indicates that BTBT has no problem at all paying its short term obligations.
BTBT has a better Current ratio (3.90) than 81.69% of its industry peers.
A Quick Ratio of 3.90 indicates that BTBT has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.90, BTBT belongs to the top of the industry, outperforming 82.04% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.9
Quick Ratio 3.9
BTBT Yearly Current Assets VS Current LiabilitesBTBT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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6

3. Growth

3.1 Past

The earnings per share for BTBT have decreased strongly by -370.00% in the last year.
Looking at the last year, BTBT shows a very strong growth in Revenue. The Revenue has grown by 53.67%.
BTBT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.99% yearly.
EPS 1Y (TTM)-370%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1166.67%
Revenue 1Y (TTM)53.67%
Revenue growth 3Y3.99%
Revenue growth 5YN/A
Sales Q2Q%-17.11%

3.2 Future

The Earnings Per Share is expected to grow by 57.00% on average over the next years. This is a very strong growth
BTBT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.57% yearly.
EPS Next Y-58.1%
EPS Next 2Y81.75%
EPS Next 3Y57%
EPS Next 5YN/A
Revenue Next Year29.34%
Revenue Next 2Y35.03%
Revenue Next 3Y29.57%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BTBT Yearly Revenue VS EstimatesBTBT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
BTBT Yearly EPS VS EstimatesBTBT Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 -0.4 -0.6

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BTBT. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 15.92, the valuation of BTBT can be described as correct.
Based on the Price/Forward Earnings ratio, BTBT is valued cheaper than 81.34% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, BTBT is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 15.92
BTBT Price Earnings VS Forward Price EarningsBTBT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTBT is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4053.32
BTBT Per share dataBTBT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5 2

4.3 Compensation for Growth

A more expensive valuation may be justified as BTBT's earnings are expected to grow with 57.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y81.75%
EPS Next 3Y57%

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0

5. Dividend

5.1 Amount

No dividends for BTBT!.
Industry RankSector Rank
Dividend Yield N/A

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BIT DIGITAL INC

NASDAQ:BTBT (6/13/2025, 8:00:02 PM)

After market: 2.52 +0.03 (+1.2%)

2.49

-0.11 (-4.23%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-15 2025-05-15/amc
Earnings (Next)08-18 2025-08-18/amc
Inst Owners35.16%
Inst Owner Change2.05%
Ins Owners1.57%
Ins Owner Change0%
Market Cap517.37M
Analysts81.82
Price Target5.81 (133.33%)
Short Float %14.22%
Short Ratio2.05
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.02
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)32.33%
Min EPS beat(2)-480.97%
Max EPS beat(2)545.63%
EPS beat(4)1
Avg EPS beat(4)-303.71%
Min EPS beat(4)-1058.65%
Max EPS beat(4)545.63%
EPS beat(8)4
Avg EPS beat(8)-104.54%
EPS beat(12)5
Avg EPS beat(12)-87.79%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.29%
Min Revenue beat(2)-6.69%
Max Revenue beat(2)2.12%
Revenue beat(4)2
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-14.17%
Max Revenue beat(4)8.79%
Revenue beat(8)4
Avg Revenue beat(8)-0.43%
Revenue beat(12)5
Avg Revenue beat(12)-8.31%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.18%
PT rev (3m)-2.97%
EPS NQ rev (1m)50%
EPS NQ rev (3m)-260%
EPS NY rev (1m)0%
EPS NY rev (3m)-9200%
Revenue NQ rev (1m)-9.14%
Revenue NQ rev (3m)-24.28%
Revenue NY rev (1m)-12.2%
Revenue NY rev (3m)-15.73%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 15.92
P/S 5.03
P/FCF N/A
P/OCF 20.46
P/B 1.24
P/tB 1.34
EV/EBITDA 4053.32
EPS(TTM)-0.47
EYN/A
EPS(NY)0.16
Fwd EY6.28%
FCF(TTM)-0.64
FCFYN/A
OCF(TTM)0.12
OCFY4.89%
SpS0.5
BVpS2.01
TBVpS1.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -16.38%
ROE -19.04%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.64%
FCFM N/A
ROA(3y)-35.65%
ROA(5y)-22.65%
ROE(3y)-40.04%
ROE(5y)-25.35%
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 3Y-14.66%
GM growth 5YN/A
F-Score4
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 484.57%
Cap/Sales 154.07%
Interest Coverage N/A
Cash Conversion 35709.6%
Profit Quality N/A
Current Ratio 3.9
Quick Ratio 3.9
Altman-Z 4.46
F-Score4
WACC9.05%
ROIC/WACCN/A
Cap/Depr(3y)274.15%
Cap/Depr(5y)263.12%
Cap/Sales(3y)98.42%
Cap/Sales(5y)73.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-370%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1166.67%
EPS Next Y-58.1%
EPS Next 2Y81.75%
EPS Next 3Y57%
EPS Next 5YN/A
Revenue 1Y (TTM)53.67%
Revenue growth 3Y3.99%
Revenue growth 5YN/A
Sales Q2Q%-17.11%
Revenue Next Year29.34%
Revenue Next 2Y35.03%
Revenue Next 3Y29.57%
Revenue Next 5YN/A
EBIT growth 1Y-65.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year637.87%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-615.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y344.98%
OCF growth 3YN/A
OCF growth 5YN/A