Financial Snapshot

Revenue
$98.00M
TTM
Gross Margin
41.08%
TTM
Net Earnings
-$2.691M
TTM
Current Assets
$258.5M
Q3 2024
Current Liabilities
$49.02M
Q3 2024
Current Ratio
527.29%
Q3 2024
Total Assets
$376.0M
Q3 2024
Total Liabilities
$60.95M
Q3 2024
Book Value
$315.0M
Q3 2024
Cash
$103.2M
Q3 2024
P/E
-280.7
Nov 29, 2024 EST
Free Cash Flow
-$61.50M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $44.92M $32.30M $96.08M $21.07M $0.00 $0.00 $6.950M $3.710M $0.00
YoY Change 39.07% -66.39% 356.0% -100.0% 87.33%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $44.92M $32.30M $96.08M $21.07M $0.00 $0.00 $6.950M $3.710M $0.00
Cost Of Revenue $29.56M $20.37M $30.74M $14.10M $0.00 $0.00
Gross Profit $15.36M $11.92M $65.34M $6.960M $0.00 $0.00
Gross Profit Margin 34.2% 36.91% 68.01% 33.03%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $27.67M $23.11M $39.15M $2.520M $1.990M $1.890M $7.830M $3.070M $110.0K
YoY Change 19.7% -40.97% 1453.74% 26.63% 5.29% -75.86% 155.05% 2690.91%
% of Gross Profit 180.14% 193.88% 59.92% 36.21%
Research & Development $490.0K $420.0K $30.00K
YoY Change 16.67% 1300.0%
% of Gross Profit
Depreciation & Amortization $13.11M $27.83M $13.11M $3.320M $30.00K $80.00K $60.00K $40.00K $0.00
YoY Change -52.88% 112.21% 295.0% 10966.67% -62.5% 33.33% 50.0%
% of Gross Profit 85.38% 233.43% 20.07% 47.7%
Operating Expenses $42.10M $50.94M $52.27M $5.840M $1.990M $1.890M $8.310M $3.490M $140.0K
YoY Change -17.37% -2.53% 795.0% 193.47% 5.29% -77.26% 138.11% 2392.86%
Operating Profit -$16.62M -$107.2M $13.07M $1.120M -$1.990M -$1.890M
YoY Change -84.49% -919.9% 1067.02% -156.28% 5.29%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $18.80M $7.589M $7.739M $810.0K $0.00 $0.00 $20.00K $0.00 $0.00
YoY Change 147.71% -1.93% 855.38% -100.0%
% of Operating Profit 59.21% 72.32%
Other Income/Expense, Net $3.005M -$139.5M $702.4K $0.00 $0.00 $0.00 $80.00K $0.00 $0.00
YoY Change -102.16% -19954.94% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$13.61M -$105.9M $8.720M $1.920M -$1.990M -$1.890M -$1.270M $220.0K -$140.0K
YoY Change -87.14% -1314.28% 354.18% -196.48% 5.29% 48.82% -677.27% -257.14%
Income Tax $279.0K -$592.9K $3.856M $0.00 $0.00 $0.00 -$270.0K $50.00K -$40.00K
% Of Pretax Income 44.22% 0.0% 22.73%
Net Earnings -$13.89M -$105.3M $4.864M -$1.910M -$9.680M -$3.540M -$940.0K $160.0K -$110.0K
YoY Change -86.81% -2264.82% -354.66% -80.27% 173.45% 276.6% -687.5% -245.45%
Net Earnings / Revenue -30.93% -326.03% 5.06% -9.07% -13.53% 4.31%
Basic Earnings Per Share -$0.16 -$1.34 -$0.02 -$0.07
Diluted Earnings Per Share -$0.16 -$1.34 $84.55K -$62.44K -$636.8K -$246.0K -$72.31K $11.00K -$7.560K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $64.60M $60.28M $93.51M $6.640M $30.00K $2.330M $5.460M $7.380M $670.0K
YoY Change 7.18% -35.54% 1308.29% 22033.33% -98.71% -57.33% -26.02% 1001.49%
Cash & Equivalents $16.86M $32.69M $42.40M $410.0K $30.00K $2.330M $5.460M $7.380M $670.0K
Short-Term Investments $47.74M $27.59M $51.11M $6.240M
Other Short-Term Assets $4.886M $3.380M $3.051M $2.080M $0.00 $3.190M $4.340M $490.0K $90.00K
YoY Change 44.54% 10.81% 46.66% -100.0% -26.5% 785.71% 444.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $83.35M $64.40M $96.56M $8.720M $560.0K $5.660M $10.06M $7.910M $770.0K
YoY Change 29.43% -33.31% 1007.35% 1457.14% -90.11% -43.74% 27.18% 927.27%
Property, Plant & Equipment $87.69M $22.61M $32.49M $29.85M $0.00 $720.0K $80.00K $90.00K $20.00K
YoY Change 287.85% -30.41% 8.84% -100.0% 800.0% -11.11% 350.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.374M $1.788M $1.000M
YoY Change 144.62% 78.79%
Other Assets $13.52M $11.63M $49.87M $1.320M $3.960M $6.090M $2.770M $1.100M $90.00K
YoY Change 16.25% -76.68% 3677.84% -66.67% -34.98% 119.86% 151.82% 1122.22%
Total Long-Term Assets $106.0M $36.03M $83.36M $31.17M $3.960M $6.820M $2.850M $1.190M $110.0K
YoY Change 194.19% -56.78% 167.43% 687.12% -41.94% 139.3% 139.5% 981.82%
Total Assets $189.3M $100.4M $179.9M $39.89M $4.520M $12.48M $12.91M $9.100M $880.0K
YoY Change
Accounts Payable $2.316M $3.629M $2.609M $1.370M $0.00 $10.00K
YoY Change -36.16% 39.09% 90.43% -100.0%
Accrued Expenses $1.865M $2.100M $0.00
YoY Change -11.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.08M $7.443M $5.045M $1.890M $430.0K $400.0K $470.0K $280.0K $60.00K
YoY Change 263.83% 47.55% 166.91% 339.53% 7.5% -14.89% 67.86% 366.67%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.431M $3.044M $2.767M
YoY Change 209.82% 10.0%
Total Long-Term Liabilities $9.431M $3.044M $2.767M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 209.82% 10.0%
Total Liabilities $36.62M $10.49M $8.274M $1.890M $680.0K $870.0K $1.070M $1.240M $60.00K
YoY Change 249.23% 26.75% 337.79% 177.94% -21.84% -18.69% -13.71% 1966.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 87.53M shares 78.61M shares 55.44M shares 30.59M shares
Diluted Shares Outstanding 87.53M shares 78.61M shares 55.44M shares 30.59M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $755.27 Million

About Bit Digital, Inc

Bit Digital, Inc. engages in the digital asset mining business and Ethereum staking activities. The company is headquartered in New York City, New York and currently employs 24 full-time employees. The company went IPO on 2018-03-20. The firm provides a platform for digital assets and artificial intelligence (AI) infrastructure headquartered in New York City. Its bitcoin mining operations are located in the United States, Canada, and Iceland. The Company’s business line, Bit Digital AI, offers infrastructure services for artificial intelligence applications. Its facilities and mining platform are operating with the primary intent of accumulating bitcoin, which the Company may sell for fiat currency from time to time depending on market conditions and management’s determination of its cash flow needs. The firm conducts its business through Bit Digital U.S.A. Inc., a Delaware corporation and its operating entity in the United States; Bit Digital Canada, Inc., its operating entity in Canada; Bit Digital Singapore Pte Ltd., a Singapore company, Bit Digital Hong Kong Limited and Bit Digital Strategies Limited, Hong Kong companies, and Bit Digital AI Inc.

Industry: Finance Services Peers: ReposiTrak, Inc. ASURE SOFTWARE INC ISSUER DIRECT CORP Greenidge Generation Holdings Inc. Phunware, Inc. VirnetX Holding Corp Quantum Computing Inc. SAIHEAT Ltd Salesforce, Inc. SYNCHRONOSS TECHNOLOGIES INC