BTC Digital ratios data for the quarter ended Dec 2025. These financial ratios cover 26 quarters of results from Dec 2018 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Aug2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Jun2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Jun2025 | Dec2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||
| Gross Margin | 28.31% | 42.29% | 32.37% | 34.27% | 32.31% | -37.82% | 3.65% | -64.02% | -51.27% | -4.83% | -9.19% | -10.20% | 17.36% | |||||||||||||
| EBT Margin | -47.81% | -9.57% | 92.59% | -40.80% | -40.10% | -108.05% | -2.12% | -119.17% | -74.36% | -27.58% | -30.23% | -22.31% | 0.41% | |||||||||||||
| EBIT Margin | -47.97% | -20.07% | 107.95% | -41.19% | -37.87% | -110.25% | -1.55% | -82.13% | -72.88% | -40.34% | -26.96% | -21.18% | -10.61% | |||||||||||||
| EBITDA Margin | -47.97% | -20.07% | 107.95% | -41.19% | -37.87% | -110.25% | -1.55% | -82.13% | -72.88% | -40.34% | -26.96% | -21.18% | -10.61% | |||||||||||||
| Operating Margin | -47.97% | -20.07% | 107.95% | -41.19% | -37.87% | -110.25% | -1.55% | -82.13% | -72.88% | -40.34% | -26.96% | -21.18% | -10.61% | |||||||||||||
| Net Margin | -50.38% | -15.11% | -73.32% | -42.02% | -122.78% | -108.05% | -2.12% | -119.17% | -74.36% | -27.58% | -30.23% | -22.31% | 0.41% | |||||||||||||
| FCF Margin | 424.26% | -51.18% | -42.96% | 115.04% | -16.34% | 348.95% | -326.06% | -12.98% | ||||||||||||||||||
| Efficiency | ||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 186.91M | 177.11M | 159.63M | 157.77M | 166.29M | 87.30M | 55.29M | 67.95M | 24.56M | 24.62M | 24.86M | 33.10M | 39.29M | 38.69M | ||||||||||||
| Invested CapitalInvested Cap. | 11.99M | 19.07M | 20.20M | 15.74M | 11.48M | 2.85M | 0.94M | 0.91M | 6.53M | 0.12M | 0.31M | 0.51M | 0.54M | 0.48M | 2.17M | |||||||||||
| Asset Utilization RatioAsset Util. | 1.43 | 0.74 | 0.86 | 0.90 | 0.44 | 0.27 | 0.34 | 0.35 | ||||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 12.30 | -1.73 | -33.33 | -4.95 | -63.09 | -344.00 | -178.17 | -69.78 | -271.00 | -14.16 | ||||||||||||||||
| Debt Ratio | 0.06 | 0.10 | 0.12 | 0.10 | 0.07 | 0.02 | 0.23 | 0.01 | 0.22 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.05 | |||||||||||
| Times Interest Earned | 12.30 | -1.73 | -33.33 | -4.95 | -63.09 | -344.00 | -178.17 | -69.78 | -271.00 | -14.16 | ||||||||||||||||
| Valuation | ||||||||||||||||||||||||||
| Enterprise Value | -26.12M | -27.00M | -12.73M | -9.74M | -20.58M | -43.44M | -25.51M | -23.98M | -0.05M | -0.21M | -0.37M | -0.03M | -0.61M | -0.85M | -16.08M | -16.08M | -3.79M | |||||||||
| Return Ratios | ||||||||||||||||||||||||||
| Return on SalesROS | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | -0.01% | 0.00% | -0.01% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||
| Return on Capital EmployedROCE | -383.34% | -7,284.26% | 105.51% | -558.34% | -12.58% | -15.75% | -14.47% | -8.32% | ||||||||||||||||||
| Return on Invested CapitalROIC | -0.02% | -0.02% | -0.02% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||
| Return on AssetsROA | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |