Bitfarms Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	264.4	192.88	146.37	147.43	169.49	34.7
Revenue Growth (YoY)	60.07%	31.78%	-0.72%	-13.02%	388.40%	7.04%
Cost of Revenue	-134.25	-225.24	-167.87	-131.91	58.37	31.83
Gross Profit	-14.11	-32.36	-21.5	10.52	111.12	2.87
Selling, General & Admin	-76.67	-71.24	-39.29	-51.51	43.24	8.25
Other Operating Expenses	50.31	3.96	16.73	-92.61	0.64	1.35
Total Operating Expenses	-26.36	-67.28	-22.57	-144.11	43.88	9.6
Operating Income	-131.08	-107.56	-72.13	-284.02	63.64	-6.73
Total Non-Operating Income (Expense)	6.45	39.21	-37.19	90.97	-21	-9.39
Pretax Income	-110.88	-68.35	-109.32	-193.06	42.64	-16.12
Provision for Income Taxes	-15.07	-14.29	-0.4	-17.41	20.51	0.17
Net Income	-130.32	-54.06	-108.92	-175.64	22.13	-16.29
Earnings From Discontinued Operations	-34.51	-	-	-	-	-
Net Income to Common	-130.32	-54.06	-108.92	-175.64	22.13	-16.29
Shares Outstanding (Basic)	767	416	259	208	158	86
Shares Outstanding (Diluted)	767	416	259	208	170	86
Shares Change (YoY)	111.94%	60.36%	24.82%	22.06%	98.56%	20.65%
EPS (Basic)	-0.17	-0.13	-0.42	-0.85	0.14	-0.19
EPS (Diluted)	-0.17	-0.13	-0.42	-0.85	0.13	-0.19
Free Cash Flow	-501.21	-427.48	-154.15	-275.56	-151.48	2.77
Free Cash Flow Per Share	-	-	-	-1.33	-	-
Gross Margin	-7.23%	-16.78%	-14.69%	7.13%	65.56%	8.28%
Operating Margin	-67.17%	-55.77%	-49.28%	-192.65%	37.55%	-19.40%
Profit Margin	-49.10%	-28.03%	-74.42%	-119.14%	13.06%	-46.94%
FCF Margin	-256.82%	-221.63%	-105.32%	-186.91%	-89.37%	7.98%
EBITDA	-6.32	33.4	12.66	-211.6	88.12	4.76
EBITDA Margin	-3.24%	17.32%	8.65%	-143.53%	51.99%	13.70%
EBIT	-131.08	-107.56	-72.13	-284.02	63.64	-6.73
EBIT Margin	-67.17%	-55.77%	-49.28%	-192.65%	37.55%	-19.40%
Effective Tax Rate	13.59%	20.91%	0.37%	9.02%	48.10%	-1.07%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q