BGIN Blockchain Limited (BGIN)

BGIN Blockchain Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022
Revenue	392.23	257.27	15.05
Revenue Growth (YoY)	-	1609.02%	-
Cost of Revenue	-	58.1	6.12
Gross Profit	278.62	199.17	8.93
Selling, General & Admin	-	15.72	2.1
Research & Development	-	10.1	7.18
Other Operating Expenses	0	-0.31	0.23
Operating Expenses	-	25.51	9.51
Operating Income	247.93	173.67	-0.57
Other Expense / Income	-0.15	0.09	-0.3
Pretax Income	247.87	173.52	-0.27
Income Tax	46.14	33.81	-0.05
Net Income	201.94	139.76	-0.23
Net Income Common	201.73	139.71	-0.22
Free Cash Flow	-123.81	-37.97	-17.94
Gross Margin	71.03%	77.42%	59.34%
Operating Margin	63.21%	67.51%	-3.81%
Profit Margin	51.43%	54.30%	-1.46%
Free Cash Flow Margin	-31.56%	-14.76%	-119.15%
Effective Tax Rate	18.62%	19.49%	-
EBITDA	251.89	176.54	1.52
EBITDA Margin	64.22%	68.62%	10.09%
Depreciation & Amortization	3.81	2.96	1.79
EBIT	248.08	173.57	-0.27
EBIT Margin	63.25%	67.47%	-1.82%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).