Bgin Blockchain Ltd key statistics and ratios

In fiscal 2025, Bgin Blockchain Ltd had return on equity of -134.0%, an operating margin of -261.3%, debt equal to 0.0% of equity and a current ratio of 1.68. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bgin Blockchain Ltd: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	77.4%	42.2%	—
Operating margin	67.5%	27.0%	−261.3%
Net margin	54.3%	21.9%	−262.6%
Free-cash-flow margin	−14.8%	−70.2%	−253.8%
Return on equity	93.8%	36.9%	−134.0%
Return on assets	—	24.4%	−97.3%
Asset turnover	—	1.12	0.37
Current ratio	—	3.21	1.68
Debt to equity	0.0%	0.0%	0.0%
Effective tax rate	19.5%	18.1%	—
R&D as % of revenue	3.9%	5.4%	30.0%
Capital spending as % of revenue	2.6%	4.3%	6.2%
Free cash flow ÷ net income	−27.2%	−321.0%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Bgin Blockchain Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Bgin Blockchain Ltd.