Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 192.9M
Gross Profit -32.4M -16.78%
Operating Income -103.6M -53.71%
Net Income -54.1M -28.03%
EPS (Diluted) -$0.13

Balance Sheet Metrics

Total Assets 667.6M
Total Liabilities 59.6M
Shareholders Equity 608.0M
Debt to Equity 0.10

Cash Flow Metrics

Operating Cash Flow -115.5M
Free Cash Flow -480.4M

Revenue & Profitability Trend

Bitfarms Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 192.9M 146.4M 142.4M 169.5M 34.7M
Cost of Goods Sold 225.2M 167.9M 131.9M 58.4M 31.8M
Gross Profit -32.4M -21.5M 10.5M 111.1M 2.9M
Operating Expenses 73.4M 42.5M 56.1M 48.1M 8.2M
Operating Income -103.6M -64.0M -45.6M 63.0M -5.4M
Pre-tax Income -68.4M -104.4M -193.1M 42.6M -16.1M
Income Tax -14.3M -401.0K -17.4M 20.5M 172.0K
Net Income -54.1M -104.0M -175.6M 22.1M -16.3M
EPS (Diluted) -$0.13 -$0.40 -$1.15 $0.13 -$0.19

Income Statement Trend

Bitfarms Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 213.7M 130.0M 69.1M 287.1M 9.2M
Non-Current Assets 453.9M 248.7M 274.0M 255.5M 42.5M
Total Assets 667.6M 378.7M 343.1M 542.6M 51.7M
Liabilities
Current Liabilities 36.3M 69.2M 67.4M 164.8M 28.5M
Non-Current Liabilities 23.4M 14.8M 20.3M 18.8M 7.8M
Total Liabilities 59.6M 84.0M 87.7M 183.6M 36.3M
Equity
Total Shareholders Equity 608.0M 294.8M 255.4M 359.0M 15.4M

Balance Sheet Composition

Bitfarms Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income -54.1M -104.0M -175.6M 22.1M -16.3M
Operating Cash Flow -115.5M -117.6M -365.5M -65.5M 3.5M
Investing Activities
Capital Expenditures -334.4M -68.2M -184.5M -192.1M -3.6M
Investing Cash Flow -178.4M -58.3M -155.0M -209.0M -3.6M
Financing Activities
Dividends Paid - - - - -
Financing Cash Flow 285.6M 74.9M -76.0M 308.7M -1.8M
Free Cash Flow -480.4M -47.7M -158.7M -236.6M 2.7M

Cash Flow Trend

Bitfarms Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -5.75
Forward P/E 38.82
Price to Book 0.65
Price to Sales 2.07
PEG Ratio 38.82

Profitability Ratios

Profit Margin -40.09%
Operating Margin -30.99%
Return on Equity -16.30%
Return on Assets -10.43%

Financial Health

Current Ratio 2.64
Debt to Equity 3.87
Beta 4.16

Per Share Data

EPS (TTM) -$0.18
Book Value per Share $1.20
Revenue per Share $0.46

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
bitf 432.8M -5.75 0.65 -16.30% -40.09% 3.87
Morgan Stanley 218.0B 15.91 2.25 13.88% 22.35% 416.64
Goldman Sachs 196.6B 14.88 1.73 12.22% 28.06% 593.34
Hut 1.7B 4.76 1.79 -6.27% -39.92% 35.93
Perella Weinberg 1.6B - 7.48 0.92% -1.17% 114.73
Terawulf 1.4B -18.10 8.50 -56.12% -94.09% 288.69

Financial data is updated regularly. All figures are in the company's reporting currency.