Bitfarms Ratios (2020-2025) | BITF

Ratios Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin -1.82%-15.19%24.23%67.92%65.81%65.41%42.25%22.73%-11.85%-44.69%-27.80%-17.02%-25.63%3.80%-21.23%-27.14%-7.39%2.47%15.17%7.45%-4.16%
EBT Margin -50.65%-70.07%-44.95%-24.39%272.49%77.51%30.10%27.17%-385.59%-269.30%-47.69%-13.41%-73.78%-46.55%-134.99%-24.38%-59.92%-88.96%120.86%-45.25%-48.18%-70.19%
EBIT Margin -20.10%-50.01%3.23%58.00%172.49%76.14%25.18%17.04%-413.94%-294.11%-74.05%-49.91%-70.94%-53.87%-27.54%-47.12%-56.75%-114.32%-29.17%-48.41%-50.93%-41.82%
EBITDA Margin -50.60%5.37%31.40%-8.71%-781.10%66.47%67.58%11.21%-339.39%-255.08%7.33%21.18%28.10%-50.10%35.32%46.35%27.60%-132.71%25.49%22.57%17.63%28.25%
Operating Margin -20.10%-50.01%3.23%58.00%172.49%76.14%25.18%17.04%-413.94%-294.11%-74.05%-49.91%-70.94%-53.87%-27.54%-47.12%-56.75%-114.32%-29.17%-48.41%-50.93%-41.82%
Net Margin -50.65%-70.07%-47.46%-26.75%371.87%53.01%16.24%17.45%-350.26%-255.08%-17.84%-12.31%-74.05%-45.40%-134.08%-24.38%-55.82%-46.78%154.47%-45.25%-59.28%-49.84%
FCF Margin 24.81%27.23%-5.42%-1,157.94%28.67%-17.19%-16.27%304.56%-4.23%-1,008.42%30.39%34.85%92.81%-449.28%44.12%310.13%-293.76%-888.50%37.03%-95.79%-86.41%
Efficiency
Inventory Average 0.41M1.13M1.18M3.03M6.00M7.05M
Assets Average 276.83M432.51M590.85M556.13M425.05M360.03M337.54M328.81M329.22M355.76M402.60M481.20M561.28M627.12M722.31M802.48M814.61M
Invested Capital 26.47M9.19M10.43M372.58M23.20M41.13M38.77M273.26M21.03M15.56M9.91M328.39M0.15M0.16M0.14M608.14M0.52M0.58M0.61M
Asset Utilization Ratio 0.300.300.240.340.410.400.390.380.390.410.410.360.290.280.270.280.33
Leverage & Solvency
Interest Coverage Ratio -0.96-2.490.21-1.72-55.3417.93-6.1225.3650.0979.4120.95
Debt to Equity 1.120.030.180.030.00
Debt Ratio 0.340.050.030.020.060.140.150.140.060.050.030.020.000.000.000.000.000.060.06
Equity Ratio 0.300.660.740.780.91
Times Interest Earned -0.96-2.490.21-1.72-55.3417.93-6.1225.3650.0979.4120.95
Valuation
Enterprise Value -2.16M-2.16M-7.40M-5.95M-36.22M-43.27M-125.59M-77.29M-125.59M-125.59M-43.03M-31.12M-30.89M-30.89M-85.32M-87.05M-86.29M-79.91M-62.96M-61.87M-101.14M-62.77M
Return Ratios
Return on Sales -0.51%-0.70%-0.47%-0.27%3.72%0.53%0.16%0.17%-3.50%-2.55%-0.18%-0.12%-0.74%-0.45%-1.34%-0.24%-0.56%-0.47%1.54%-0.45%-0.59%-0.50%
Return on Capital Employed 0.20%0.24%0.12%-0.25%-0.97%-0.25%-0.16%
Return on Invested Capital 1.14%0.16%0.16%-2.01%-2.44%-1.33%-1.38%-1.18%-0.67%-0.34%-2.13%-4.93%-1.27%-50.18%
Return on Assets 0.02%0.05%0.06%-0.19%-0.50%-0.64%-0.71%-0.36%-0.15%-0.30%-0.29%-0.24%-0.20%0.06%0.03%0.00%-0.03%