Bitcoin Well Inc. (TSXV:BTCW)

Bitcoin Well Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	136.07	132.96	90.51	54.53	66.73	99.61
Revenue Growth (YoY)	28.21%	46.89%	65.98%	-18.28%	-33.01%	91.67%
Cost of Revenue	131.19	128	86.54	49.71	62.31	94.44
Gross Profit	4.88	4.96	3.97	4.83	4.42	5.17
Selling, General & Admin	7.52	7.36	5.63	5.27	7.9	9.79
Depreciation & Amortization Expenses	0.36	0.43	0.65	1.42	2.16	1.38
Other Operating Expenses	3.3	3.2	2.57	2.29	1.53	0.53
Total Operating Expenses	11.18	10.99	8.85	8.97	11.59	11.71
Operating Income	-6.3	-6.03	-4.88	-4.14	-7.17	-6.53
Total Non-Operating Income (Expense)	4.38	5.24	-12.9	-7.64	1.95	-7.6
Pretax Income	-1.92	-0.79	-17.78	-11.78	-5.21	-14.13
Provision for Income Taxes	-	-	-	0.24	0.78	-0.53
Net Income	-1.79	-0.79	-17.78	-12.02	-5.99	-13.6
Net Income to Common	-1.79	-0.79	-17.78	-12.02	-5.99	-13.6
Shares Outstanding (Basic)	289	255	212	183	174	147
Shares Outstanding (Diluted)	292	255	212	183	174	147
Shares Change (YoY)	27.28%	20.15%	16.18%	4.94%	18.66%	38.43%
EPS (Basic)	-0.01	-	-0.08	-0.07	-0.03	-0.09
EPS (Diluted)	-0.01	-	-0.08	-0.07	-0.03	-0.09
Shares Outstanding	354.11	350.42	218.7	200.16	174.38	173.53
Free Cash Flow	-3.78	-4.37	-3.07	-3.56	-9.08	-4.02
Free Cash Flow Per Share	-0.01	-0.02	-0.01	-0.02	-0.05	-0.03
Gross Margin	3.58%	3.73%	4.39%	8.85%	6.63%	5.19%
Operating Margin	-4.63%	-4.54%	-5.39%	-7.60%	-10.74%	-6.56%
Profit Margin	-1.32%	-0.60%	-19.64%	-22.05%	-8.98%	-13.66%
FCF Margin	-2.78%	-3.29%	-3.39%	-6.53%	-13.60%	-4.04%
EBITDA	-6.05	-5.6	-4.22	-2.73	-5.01	-5.15
EBITDA Margin	-4.45%	-4.21%	-4.67%	-5.00%	-7.50%	-5.17%
EBIT	-6.3	-6.03	-4.88	-4.14	-7.17	-6.53
EBIT Margin	-4.63%	-4.54%	-5.39%	-7.60%	-10.74%	-6.56%
Effective Tax Rate	-	0.00%	0.00%	-2.05%	-14.93%	3.74%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.