Bit Digital, Inc income statement
In fiscal 2025, Bit Digital, Inc reported revenue of $114m, up 5.1% on the year before, operating income of −$91.8m (a -80.9% margin) and net income of −$80.3m, or −$0.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 7 | 8 | 5 | 21 | 96 | 32 | 45 | 108 | 114 | 123 |
| Cost of revenue | — | — | — | — | 14 | 31 | 20 | 30 | — | — | — |
| Gross profit | — | — | — | — | 7 | 65 | 12 | 15 | — | — | — |
| Research and development | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| General and administrative | 2 | 4 | 2 | 2 | 3 | 39 | 23 | 28 | 42 | 81 | 103 |
| Operating income | 0 | −1 | −2 | −2 | 2 | 6 | −107 | −17 | 28 | −92 | −277 |
| Interest expense | — | — | — | — | — | — | — | — | — | 3 | — |
| Income before tax | 0 | −1 | −2 | −2 | 2 | 3 | −106 | −14 | 32 | −87 | −309 |
| Income tax | 0 | −0 | −0 | 1 | — | 4 | −1 | 0 | 4 | −2 | −5 |
| Net income | 0 | −1 | −4 | −10 | −2 | −1 | −105 | −14 | 28 | −80 | −291 |
| Diluted EPS | $1.55 | −$0.04 | −$0.12 | −$0.31 | −$0.07 | −$0.02 | −$1.34 | −$0.16 | $0.19 | −$0.31 | −$0.89 |
| Diluted shares (average) | — | 27m | 29m | 30m | 31m | 55m | 79m | 88m | 142m | 258m | 329m |
| EBITDA | 0 | −1 | −2 | −2 | 5 | 20 | −79 | −2 | 60 | −55 | −235 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 26 | 25 | 26 | 30 | 32 | 28 | 32 |
| General and administrative | 14 | 16 | 8 | 20 | 33 | 20 | 28 | 23 |
| Operating income | −37 | 28 | −52 | 12 | 142 | −193 | −143 | −83 |
| Interest expense | — | — | — | — | — | — | 0 | 0 |
| Income before tax | −38 | 30 | −57 | 16 | 147 | −194 | −150 | −113 |
| Income tax | 1 | 1 | 1 | 2 | 1 | −5 | 0 | −1 |
| Net income | −39 | 29 | −58 | 15 | 151 | −188 | −147 | −107 |
| Diluted EPS | −$0.26 | $0.20 | −$0.32 | $0.07 | $0.47 | −$0.77 | −$0.45 | −$0.31 |
| EBITDA | −28 | 37 | −45 | 20 | 151 | −181 | −133 | −73 |
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