BIT ORIGIN LTD-CL A (BTOG) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:BTOG • KYG216211188

3.9601 USD

-0.04 (-1%)

Last: Jan 30, 2026, 09:54 AM

Fundamental Rating

Overall BTOG gets a fundamental rating of 2 out of 10. We evaluated BTOG against 278 industry peers in the Software industry. No worries on liquidiy or solvency for BTOG as it has an excellent financial health rating, but there are worries on the profitability. BTOG does not seem to be growing, but still is valued expensively.

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1. Profitability

1.1 Basic Checks

In the past year BTOG has reported negative net income.
In the past year BTOG has reported a negative cash flow from operations.
In the past 5 years BTOG reported 4 times negative net income.
BTOG had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

BTOG has a worse Return On Assets (-184.76%) than 96.76% of its industry peers.
With a Return On Equity value of -167.53%, BTOG is not doing good in the industry: 82.01% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	-184.76%
ROE	-167.53%
ROIC	N/A

ROA(3y)-219.54%

ROA(5y)-152.2%

ROE(3y)-499%

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Gross Margin, with a value of 100.00%, BTOG belongs to the top of the industry, outperforming 99.64% of the companies in the same industry.
The Profit Margin and Operating Margin are not available for BTOG so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	100%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

BTOG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BTOG has more shares outstanding
The number of shares outstanding for BTOG has been increased compared to 5 years ago.
There is no outstanding debt for BTOG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

Based on the Altman-Z score of -626.45, we must say that BTOG is in the distress zone and has some risk of bankruptcy.
BTOG has a Altman-Z score of -626.45. This is amonst the worse of the industry: BTOG underperforms 95.68% of its industry peers.
There is no outstanding debt for BTOG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	-626.45

ROIC/WACCN/A

WACC11.12%

2.3 Liquidity

A Current Ratio of 9.50 indicates that BTOG has no problem at all paying its short term obligations.
The Current ratio of BTOG (9.50) is better than 93.88% of its industry peers.
A Quick Ratio of 9.50 indicates that BTOG has no problem at all paying its short term obligations.
BTOG's Quick ratio of 9.50 is amongst the best of the industry. BTOG outperforms 93.88% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	9.5
Quick Ratio	9.5

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

BTOG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 87.41%, which is quite impressive.
The Revenue for BTOG has decreased by -98.63% in the past year. This is quite bad
Measured over the past years, BTOG shows a very negative growth in Revenue. The Revenue has been decreasing by -41.76% on average per year.

EPS 1Y (TTM)87.41%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%93.51%

Revenue 1Y (TTM)-98.63%

Revenue growth 3Y-41.76%

Revenue growth 5YN/A

Sales Q2Q%N/A

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.