Bitcoin Well Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	132.96	90.51	54.53	66.73	99.61
Revenue Growth (YoY)	46.89%	65.98%	-18.28%	-33.01%	91.67%
Cost of Revenue	128	86.54	49.71	62.31	94.44
Gross Profit	4.96	3.97	4.83	4.42	5.17
Selling, General & Admin	7.36	5.63	5.27	7.9	9.79
Depreciation & Amortization Expenses	0.43	0.65	1.42	2.16	1.38
Other Operating Expenses	3.2	2.57	2.29	1.53	0.53
Total Operating Expenses	10.99	8.85	8.97	11.59	11.71
Operating Income	-6.03	-4.88	-4.14	-7.17	-6.53
Total Non-Operating Income (Expense)	5.24	-12.9	-7.64	1.95	-7.6
Pretax Income	-0.79	-17.78	-11.78	-5.21	-14.13
Provision for Income Taxes	-	-	0.24	0.78	-0.53
Net Income	-0.79	-17.78	-12.02	-5.99	-13.6
Net Income to Common	-0.79	-17.78	-12.02	-5.99	-13.6
Shares Outstanding (Basic)	255	212	183	174	147
Shares Outstanding (Diluted)	255	212	183	174	147
Shares Change (YoY)	20.15%	16.18%	4.94%	18.66%	38.43%
EPS (Basic)	-	-0.08	-0.07	-0.03	-0.09
EPS (Diluted)	-	-0.08	-0.07	-0.03	-0.09
Shares Outstanding	350.42	218.7	200.16	174.38	173.53
Free Cash Flow	-4.37	-3.07	-3.56	-9.08	-4.02
Free Cash Flow Per Share	-0.02	-0.01	-0.02	-0.05	-0.03
Gross Margin	3.73%	4.39%	8.85%	6.63%	5.19%
Operating Margin	-4.54%	-5.39%	-7.60%	-10.74%	-6.56%
Profit Margin	-0.60%	-19.64%	-22.05%	-8.98%	-13.66%
FCF Margin	-3.29%	-3.39%	-6.53%	-13.60%	-4.04%
EBITDA	-5.6	-4.22	-2.73	-5.01	-5.15
EBITDA Margin	-4.21%	-4.67%	-5.00%	-7.50%	-5.17%
EBIT	-6.03	-4.88	-4.14	-7.17	-6.53
EBIT Margin	-4.54%	-5.39%	-7.60%	-10.74%	-6.56%
Effective Tax Rate	0.00%	0.00%	-2.05%	-14.93%	3.74%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.