Bgin Blockchain vs Marchex
Bgin Blockchain is the larger business, with $67.4m of revenue in fiscal 2025 against $45.4m for Marchex (1.5 times as much). Marchex grew faster (-5.6% against -77.7%). Marchex kept more of each dollar of sales as profit: a net margin of -11.5% against -262.6%. Bgin Blockchain carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Bgin BlockchainBGIN, 2025 | MarchexMCHX, 2025 |
|---|---|---|
| Revenue | $67.4m | $45.4m |
| Revenue growth | -77.7% | -5.6% |
| Net income | −$177m | −$5.2m |
| Operating margin | -261.3% | -12.6% |
| Net margin | -262.6% | -11.5% |
| Return on equity | -134.0% | -16.7% |
| Free cash flow | −$171m | −$1.4m |
| Cash | $26.3m | $9.9m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 139 |
| Market value | $192m | $57.9m |
| Price vs our value range | — | — |
| Moat score | — | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |