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BIT DIGITAL INC (BTBT) Stock Fundamental Analysis

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

2.11  +0.04 (+1.93%)

After market: 2.1 -0.01 (-0.47%)

Fundamental Rating

4

Overall BTBT gets a fundamental rating of 4 out of 10. We evaluated BTBT against 281 industry peers in the Software industry. While BTBT has a great health rating, there are worries on its profitability. BTBT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

BTBT had negative earnings in the past year.
In the past year BTBT has reported a negative cash flow from operations.
BTBT had negative earnings in 4 of the past 5 years.
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

With a decent Return On Assets value of 5.26%, BTBT is doing good in the industry, outperforming 74.73% of the companies in the same industry.
BTBT's Return On Equity of 6.11% is fine compared to the rest of the industry. BTBT outperforms 71.89% of its industry peers.
Industry RankSector Rank
ROA 5.26%
ROE 6.11%
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 Profit Margin of 26.20%. This is amongst the best in the industry. BTBT outperforms 91.46% of its industry peers.
BTBT has a worse Gross Margin (42.27%) than 72.24% of its industry peers.
In the last couple of years the Gross Margin of BTBT has declined.
Industry RankSector Rank
OM N/A
PM (TTM) 26.2%
GM 42.27%
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.
BTBT has more shares outstanding than it did 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

An Altman-Z score of 3.35 indicates that BTBT is not in any danger for bankruptcy at the moment.
BTBT has a Altman-Z score of 3.35. This is in the better half of the industry: BTBT outperforms 61.92% 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 3.35
ROIC/WACCN/A
WACC10.59%
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

BTBT has a Current Ratio of 5.39. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
BTBT's Current ratio of 5.39 is amongst the best of the industry. BTBT outperforms 86.83% of its industry peers.
BTBT has a Quick Ratio of 5.39. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
BTBT has a better Quick ratio (5.39) than 86.83% of its industry peers.
Industry RankSector Rank
Current Ratio 5.39
Quick Ratio 5.39
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 -93.75% in the last year.
BTBT shows a strong growth in Revenue. In the last year, the Revenue has grown by 140.52%.
The Revenue has been growing slightly by 3.99% on average over the past years.
EPS 1Y (TTM)-93.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%150%
Revenue 1Y (TTM)140.52%
Revenue growth 3Y3.99%
Revenue growth 5YN/A
Sales Q2Q%62.6%

3.2 Future

The Earnings Per Share is expected to grow by 63.04% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 51.85% on average over the next years. This is a very strong growth
EPS Next Y43.41%
EPS Next 2Y63.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year47.31%
Revenue Next 2Y51.85%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 accelerating.
BTBT Yearly Revenue VS EstimatesBTBT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
BTBT Yearly EPS VS EstimatesBTBT Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4 -0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

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

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA -11.56
BTBT Per share dataBTBT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

BTBT's earnings are expected to grow with 63.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y63.04%
EPS Next 3YN/A

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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 (5/2/2025, 8:00:02 PM)

After market: 2.1 -0.01 (-0.47%)

2.11

+0.04 (+1.93%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-14 2025-03-14/bmo
Earnings (Next)05-13 2025-05-13/amc
Inst Owners45.24%
Inst Owner Change-2.03%
Ins Owners0.62%
Ins Owner Change0%
Market Cap385.62M
Analysts81.82
Price Target5.95 (181.99%)
Short Float %17.31%
Short Ratio2.06
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-468.18%
Min EPS beat(2)-1058.65%
Max EPS beat(2)122.28%
EPS beat(4)2
Avg EPS beat(4)-216.27%
Min EPS beat(4)-1058.65%
Max EPS beat(4)292.16%
EPS beat(8)5
Avg EPS beat(8)-87.66%
EPS beat(12)6
Avg EPS beat(12)-69.99%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-6.03%
Min Revenue beat(2)-14.17%
Max Revenue beat(2)2.12%
Revenue beat(4)3
Avg Revenue beat(4)0.95%
Min Revenue beat(4)-14.17%
Max Revenue beat(4)8.79%
Revenue beat(8)5
Avg Revenue beat(8)0.98%
Revenue beat(12)5
Avg Revenue beat(12)-8.21%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.71%
PT rev (3m)-0.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-375.2%
EPS NY rev (3m)-673.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-27.48%
Revenue NY rev (1m)-4.03%
Revenue NY rev (3m)-2.44%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.57
P/FCF N/A
P/OCF N/A
P/B 0.83
P/tB 0.89
EV/EBITDA -11.56
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.18
Fwd EYN/A
FCF(TTM)-0.59
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS0.59
BVpS2.54
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.26%
ROE 6.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.2%
GM 42.27%
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-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 290.93%
Cap/Sales 87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.39
Quick Ratio 5.39
Altman-Z 3.35
F-Score5
WACC10.59%
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)-93.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%150%
EPS Next Y43.41%
EPS Next 2Y63.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)140.52%
Revenue growth 3Y3.99%
Revenue growth 5YN/A
Sales Q2Q%62.6%
Revenue Next Year47.31%
Revenue Next 2Y51.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1066.45%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1274.66%
OCF growth 3YN/A
OCF growth 5YN/A