Bitfarms Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	146.37	142.43	169.49	34.7	32.42
Revenue Growth (YoY)	2.76%	-15.97%	388.40%	7.04%	-
Cost of Revenue	167.87	131.91	58.37	31.83	20.98
Gross Profit	-21.5	10.52	111.12	2.87	11.44
Selling, General & Admin	39.29	51.51	43.24	8.25	9.98
Other Operating Expenses	11.34	243.03	4.24	-0.09	0.37
Operating Expenses	50.63	294.54	47.48	8.16	10.35
Operating Income	-72.13	-284.02	63.64	-5.29	1.09
Interest Expense / Income	32.31	-90.97	21	9.39	1.57
Other Expense / Income	-	-	-	1.44	-0.79
Pretax Income	-104.44	-193.06	42.64	-16.12	0.31
Income Tax	-0.4	-17.41	20.51	0.17	-2.59
Net Income	-104.04	-175.64	22.13	-16.29	2.9
Shares Outstanding (Basic)	262	208	158	85	67
Shares Outstanding (Diluted)	262	208	169	85	71
Shares Change	26.21%	22.66%	99.48%	19.50%	-
EPS (Basic)	-0.40	-0.85	0.14	-0.19	0.04
EPS (Diluted)	-0.40	-0.85	0.13	-0.19	0.04
Free Cash Flow	-44.6	-148.23	-235.47	3.62	-16.34
Free Cash Flow Per Share	-0.17	-0.71	-1.49	0.04	-0.24
Gross Margin	-14.69%	7.38%	65.56%	8.28%	35.28%
Operating Margin	-49.28%	-199.41%	37.55%	-15.24%	3.36%
Profit Margin	-71.08%	-123.32%	13.06%	-46.94%	8.94%
Free Cash Flow Margin	-30.47%	-104.07%	-138.93%	10.43%	-50.41%
Effective Tax Rate	-	-	48.10%	-	-841.23%
EBITDA	12.66	-211.6	88.12	4.76	8.72
EBITDA Margin	8.65%	-148.57%	51.99%	13.70%	26.91%
Depreciation & Amortization	84.79	72.42	24.48	11.49	6.84
EBIT	-72.13	-284.02	63.64	-6.73	1.88
EBIT Margin	-49.28%	-199.41%	37.55%	-19.40%	5.80%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).