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BTC Digital Ltd. income statement

In fiscal 2025, BTC Digital Ltd. reported revenue of $14.0m, up 20.3% on the year before, operating income of −$8.8m (a -62.7% margin) and net income of −$9.1m, or −$1.10 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

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

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Revenue2162101371141291214
Cost of revenue——937610101217
Gross profit12110044382−10−3
Research and development——53————
Selling and marketing——4839—001
General and administrative——53541125
Operating income————1−2−3−9
Interest expense——100000
Income before tax——−62−641−3−2−9
Income tax——1−3————
Net income8−33−63−618−3−2−9
Diluted EPS—−$9.85−$0.48−$2.50—−$0.94−$0.66−$1.10
Diluted shares (average)94m3m146m803m1m3m3m8m
EBITDA————511−5

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from BTC Digital Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BTC Digital Ltd.