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3May 11, 2026·SEC
Apr 3, 2026·SEC
Apr 1, 2026·SEC
Bitfarms Ltd. (BITF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Bitfarms Ltd. (BITF) stock price & volume — 10-year historical chart
Bitfarms Ltd. (BITF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Bitfarms Ltd. (BITF) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 26, 2026 | $0.18vs $0.04-350.0% | $52Mvs $63M-17.3% |
| Q4 2025 | Nov 13, 2025 | $0.02vs $0.02+0.0% | $69Mvs $62M+12.0% |
| Q3 2025 | Aug 12, 2025 | $0.02vs $0.01-100.0% | $78Mvs $81M-4.0% |
| Q2 2025 | May 14, 2025 | $0.04vs $0.04+0.0% | $67Mvs $76M-11.9% |
Bitfarms Ltd. (BITF) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
Bitfarms Ltd. (BITF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Bitfarms Ltd. (BITF) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 0 | -63K | -3.27M | -6.1M | -3.42M | -13.77M | -2.66M | 4.3M | -2.33M | -4.14M |
NII Growth % | - | - | -5087.3% | -86.78% | 43.97% | -302.49% | 80.68% | 261.68% | -154.31% | -924.37% |
Net Interest Margin % | 0% | -0.24% | -6.18% | -11.81% | -0.63% | -4.01% | -0.7% | 0.64% | -0.18% | -0.39% |
Interest Income | 0 | 0 | 0 | 0 | 0 | 456K | 1.42M | 6.04M | 6.29M | 9.06M |
Interest Expense | 0 | 63K | 3.27M | 6.1M | 3.42M | 14.22M | 4.08M | 1.74M | 8.62M | 13.2M |
Loan Loss Provision | 1.4M | 22.86M | 17.71M | 25.73M | 54.95M | 117.69M | 163.79M | 223.5M | 239.56M | 230.89M |
Non-Interest Income | 8.97M | 33.8M | 32.42M | 34.7M | 169.49M | 141.97M | 144.95M | 186.84M | 222.99M | 190.36M |
Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 99.68% | 99.03% | 96.87% | 97.26% | 95.45% |
Total Revenue | 8.97M▲ 0% | 33.8M▲ 276.7% | 32.42M▼ 4.1% | 34.7M▲ 7.0% | 169.49M▲ 388.4% | 142.43M▼ 16.0% | 146.37M▲ 2.8% | 192.88M▲ 31.8% | 229.28M▲ 18.9% | 199.42M▲ 0% |
Revenue Growth % | - | 276.68% | -4.09% | 7.04% | 388.4% | -15.97% | 2.76% | 31.78% | 18.87% | 24.36% |
Non-Interest Expense | 177.15K | 28.88M | 10.04M | 9.6M | 47.48M | 294.54M | 50.63M | 75.2M | 130.7M | 125.72M |
Efficiency Ratio | 1.97% | 85.42% | 30.97% | 27.67% | 28.01% | 206.8% | 34.59% | 38.99% | 57% | 63.04% |
Operating Income | 7.4M▲ 0% | -18M▼ 343.2% | 1.4M▲ 107.8% | -6.73M▼ 581.1% | 63.64M▲ 1045.5% | -284.02M▼ 546.3% | -72.13M▲ 74.6% | -107.56M▼ 49.1% | -149.6M▼ 39.1% | -170.38M▲ 0% |
Operating Margin % | 82.45% | -53.24% | 4.32% | -19.4% | 37.55% | -199.41% | -49.28% | -55.77% | -65.25% | -85.44% |
Operating Income Growth % | - | -343.22% | 107.77% | -581.13% | 1045.48% | -546.29% | 74.6% | -49.13% | -39.08% | - |
Pretax Income | 7.14M▲ 0% | -18.18M▼ 354.7% | -484K▲ 97.3% | -16.12M▼ 3230.0% | 42.64M▲ 364.5% | -193.06M▼ 552.8% | -109.32M▲ 43.4% | -68.35M▲ 37.5% | -208.41M▼ 204.9% | -305.74M▲ 0% |
Pretax Margin % | 79.51% | -53.77% | -1.49% | -46.44% | 25.16% | -135.55% | -74.69% | -35.44% | -90.9% | -153.32% |
Income Tax | 2.05M | 59K | -2.59M | 172K | 20.51M | -17.41M | -401K | -14.29M | 101K | -5.52M |
Effective Tax Rate % | 28.79% | -0.32% | 535.33% | -1.07% | 48.1% | 9.02% | 0.37% | 20.91% | -0.05% | 1.81% |
Net Income | 5.08M▲ 0% | -9.36M▼ 284.3% | 2.9M▲ 131.0% | -16.29M▼ 661.9% | 22.13M▲ 235.9% | -175.64M▼ 893.7% | -108.92M▲ 38.0% | -54.06M▲ 50.4% | -284.54M▼ 426.3% | -394.02M▲ 0% |
Net Margin % | 56.62% | -27.7% | 8.94% | -46.94% | 13.06% | -123.32% | -74.42% | -28.03% | -124.11% | -197.58% |
Net Income Growth % | - | -284.26% | 130.96% | -661.88% | 235.86% | -893.69% | 37.99% | 50.37% | -426.32% | -369.31% |
Net Income (Continuing) | 5.08M | -18.24M | 2.11M | -16.29M | 22.13M | -175.64M | -108.92M | -54.06M | -208.51M | -317.99M |
EPS (Diluted) | 0.09▲ 0% | -0.16▼ 279.6% | 0.03▲ 118.6% | -0.19▼ 739.7% | 0.13▲ 168.4% | -1.15▼ 984.6% | -0.42▲ 63.5% | -0.13▲ 69.0% | -0.52▼ 300.0% | -0.65▲ 0% |
EPS Growth % | - | -279.57% | 118.56% | -739.73% | 168.42% | -984.62% | 63.48% | 69.05% | -300% | -266.08% |
EPS (Basic) | 0.09 | -0.16 | 0.03 | -0.19 | 0.14 | -1.15 | -0.42 | -0.13 | -0.52 | - |
Diluted Shares Outstanding | 57.05M | 56.92M | 71.06M | 84.92M | 169.39M | 207.78M | 262.24M | 414.67M | 551.68M | 602.58M |
Bitfarms Ltd. (BITF) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 4.52M | 552K | 2.16M | 5.95M | 191.63M | 35.44M | 84.04M | 146.84M | 573.46M | 1.33B |
Cash & Due from Banks | 4.52M | 552K | 2.16M | 5.95M | 125.59M | 30.81M | 84.04M | 59.54M | 573.46M | 357.28M |
Short Term Investments | 0 | 0 | 0 | 0 | 66.03M | 4.63M | 0 | 87.3M | 0 | 0 |
Total Investments | 0 | 0 | 0 | 0 | 66.03M | 4.63M | 0 | 87.3M | 1.25M | 42.84M |
Investments Growth % | - | - | - | - | - | -92.98% | -100% | - | -98.57% | -10.47% |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.25M | 45.83M |
Accounts Receivables | 0 | 912K | 1.55M | 1.1M | 1.04M | 701K | 714K | 1.26M | 5.47M | 5.36M |
Goodwill & Intangibles | 4.72M | 1.01M | 675K | 377K | 18.64M | 33K | 3.7M | 4.04M | 2.98M | 3.02M |
Goodwill | 0 | 0 | 0 | 0 | 16.95M | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 4.72M | 1.01M | 675K | 377K | 1.68M | 33K | 3.7M | 4.04M | 2.98M | 3.02M |
PP&E (Net) | 21.34M | 20.86M | 44.13M | 41.22M | 146.25M | 268.02M | 200.33M | 423.4M | 371.56M | 361.27M |
Other Assets | 0 | 1.06M | 1.5M | 942K | 86.68M | 5.96M | 44.71M | 26.47M | 94.08M | 83.94M |
Total Current Assets | 8.48M | 3.29M | 6.55M | 9.17M | 287.13M | 69.09M | 129.98M | 213.71M | 826.47M | 575.65M |
Total Non-Current Assets | 26.06M | 22.94M | 46.31M | 42.54M | 255.46M | 274.01M | 248.74M | 453.91M | 469.88M | 491.06M |
Total Assets | 34.55M▲ 0% | 26.23M▼ 24.1% | 52.86M▲ 101.5% | 51.7M▼ 2.2% | 542.59M▲ 949.4% | 343.1M▼ 36.8% | 378.73M▲ 10.4% | 667.62M▲ 76.3% | 1.3B▲ 94.2% | 1.07B▲ 0% |
Asset Growth % | - | -24.07% | 101.49% | -2.18% | 949.41% | -36.77% | 10.38% | 76.28% | 94.18% | 222.54% |
Return on Assets (ROA) | 14.71% | -30.81% | 7.33% | -31.16% | 7.45% | -39.66% | -30.18% | -10.33% | -28.98% | -39.48% |
Accounts Payable | 4.45M | 1.91M | 2.29M | 2.06M | 14.48M | 12.9M | 9.08M | 21.91M | 16.27M | 17.91M |
Total Debt | 0 | 1.72M | 22.19M | 28.37M | 84.74M | 65.01M | 19.87M | 23.41M | 683.78M | 590.97M |
Net Debt | -4.52M | 1.17M | 20.03M | 22.42M | -40.85M | 34.2M | -64.17M | -36.13M | 110.32M | 233.69M |
Long-Term Debt | 0 | 693K | 14.85M | 174K | 910K | 4.09M | 0 | 1.43M | 572.45M | 573.2M |
Short-Term Debt | 0 | 1.02M | 874K | 17.17M | 70.26M | 43.05M | 4.02M | 146K | 97.02M | 6.04M |
Other Liabilities | 207K | 232K | 193K | 209K | 239K | 1.98M | 1.82M | 2.11M | 2.76M | 2.63M |
Total Current Liabilities | 5.74M | 4.66M | 4.01M | 28.48M | 164.75M | 67.41M | 69.15M | 36.27M | 148.11M | 59.94M |
Total Non-Current Liabilities | 909K | 925K | 20.76M | 7.78M | 18.83M | 20.29M | 14.81M | 23.35M | 587.86M | 587.63M |
Total Liabilities | 6.64M | 5.58M | 24.77M | 36.26M | 183.58M | 87.7M | 83.96M | 59.62M | 735.97M | 647.58M |
Total Equity | 27.9M▲ 0% | 20.65M▼ 26.0% | 28.09M▲ 36.0% | 15.45M▼ 45.0% | 359.01M▲ 2224.1% | 255.4M▼ 28.9% | 294.76M▲ 15.4% | 608M▲ 106.3% | 560.38M▼ 7.8% | 419.13M▲ 0% |
Equity Growth % | - | -25.99% | 36.01% | -45.01% | 2224.12% | -28.86% | 15.41% | 106.27% | -7.83% | 14.42% |
Equity / Assets (Capital Ratio) | 80.77% | 78.73% | 53.14% | 29.88% | 66.17% | 74.44% | 77.83% | 91.07% | 43.23% | 39.29% |
Return on Equity (ROE) | 18.21% | -38.57% | 11.9% | -74.83% | 11.82% | -57.18% | -39.6% | -11.98% | -48.71% | -69.94% |
Book Value per Share | 0.49 | 0.36 | 0.40 | 0.18 | 2.12 | 1.23 | 1.12 | 1.47 | 1.02 | 0.70 |
Tangible BV per Share | 0.41 | 0.35 | 0.39 | 0.18 | 2.01 | 1.23 | 1.11 | 1.46 | 1.01 | 0.69 |
Common Stock | 115K | 162K | 30.48M | 32M | 354.71M | 404.93M | 535.01M | 852.29M | 1.06B | 1.07B |
Additional Paid-in Capital | 22.88M | 19.65M | 3.47M | 5.59M | 25.84M | 47.65M | 56.62M | 67.52M | 108.28M | 110.96M |
Retained Earnings | 4.91M | -8.76M | -5.86M | -22.14M | -21.55M | -197.19M | -299.81M | -334.51M | -612.48M | -757.83M |
Accumulated OCI | 0 | 4.39M | 3.47M | 5.59M | 0 | 0 | 2.94M | 22.7M | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bitfarms Ltd. (BITF) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 7.94M | 13.76M | 6.02M | 7.22M | -37.17M | 36.25M | -105.71M | -140.56M | -226.59M | -272.7M |
Operating CF Growth % | - | 73.21% | -56.25% | 19.98% | -614.61% | 197.52% | -391.62% | -32.97% | -61.21% | -1400.35% |
Net Income | 5.08M | -18.24M | 2.11M | -16.29M | 22.13M | -239.05M | -108.92M | -54.06M | -284.54M | -394.02M |
Depreciation & Amortization | 1.15M | 12.55M | 6.84M | 11.49M | 24.48M | 72.42M | 84.78M | 140.97M | 122.63M | 120.63M |
Deferred Taxes | 727.25K | -1.23M | -1.6M | 1.44M | 8.84M | -32.37M | 17.09M | -15.8M | 0 | -5.63M |
Other Non-Cash Items | 2.62M | 20.09M | -1.17M | 5.14M | -130.59M | 217.44M | -110.82M | -216.4M | -80.78M | 28.94M |
Working Capital Changes | 994.52K | -162K | -3.03M | 3.24M | 15.39M | -3.98M | 1.24M | -9.22M | 1.11M | -36.84M |
Cash from Investing | -14.19M | -22.08M | -22.36M | -3.6M | -215.15M | -155.01M | 70.97M | -178.39M | 103.74M | 74.56M |
Purchase of Investments | 0 | 0 | 0 | 0 | -6.69M | -193.97M | -36.26M | -51.94M | -33.98M | 1.65M |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 12.84M | 223.43M | 177.82M | 207.94M | 33.96M | -37.72M |
Net Investment Activity | 0 | 0 | 0 | 0 | 6.15M | 29.47M | 141.55M | 156.01M | -13K | -36.06M |
Acquisitions | 0 | 569K | 1.45M | 925.43K | -23M | 10.08M | 0 | 0 | -48.08M | -32.04M |
Other Investing | 0 | 145K | -32.87K | -46.43K | -5.04M | 416.04K | 717K | 5.46M | 252.14M | 205.46M |
Cash from Financing | 10.92M | 4.33M | 17.97M | 185K | 371.99M | 24.01M | 87.88M | 294.46M | 694.28M | 557.85M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.95M | -9.95M |
Stock Issued | 10.92M | 2.94M | 4.94M | 54K | 259.17M | 54.09M | 109.07M | 289.53M | 108.46M | 73.41M |
Net Stock Activity | 10.92M | 2.94M | 4.94M | 54K | 259.17M | 54.09M | 109.07M | 289.53M | 98.5M | 63.46M |
Debt Issuance (Net) | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1.78M |
Other Financing | 10.92M | 0 | 100K | 2M | 63.32M | -59.98M | 12.98M | 9.6M | -69.09M | 694.17M |
Net Change in Cash | 4.68M▲ 0% | -3.97M▼ 184.7% | 1.61M▲ 140.5% | 3.79M▲ 135.7% | 119.65M▲ 3058.6% | -94.71M▼ 179.2% | 53.15M▲ 156.1% | -24.5M▼ 146.1% | 571.42M▲ 2432.7% | 376.23M▲ 0% |
Exchange Rate Effect | 0 | 18K | -23K | -15K | -21K | 43K | 18K | -9K | -8K | 16.53M |
Cash at Beginning | 2.78M | 4.52M | 552K | 2.16M | 5.95M | 125.59M | 30.89M | 84.04M | 59.54M | 573.46M |
Cash at End | 7.46M | 552K | 2.16M | 5.95M | 125.59M | 30.89M | 84.04M | 59.54M | 630.96M | 357.28M |
Interest Paid | 0 | 49K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | -6.24M▲ 0% | -9.03M▼ 44.7% | -17.76M▼ 96.7% | 2.74M▲ 115.4% | -230.43M▼ 8512.8% | -158.73M▲ 31.1% | -177.02M▼ 11.5% | -480.42M▼ 171.4% | -326.89M▲ 32.0% | -335.5M▲ 0% |
FCF Growth % | - | -44.67% | -96.66% | 115.42% | -8512.78% | 31.12% | -11.52% | -171.4% | 31.96% | 31.13% |
Bitfarms Ltd. (BITF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -38.57% | 11.9% | -74.83% | 11.82% | -57.18% | -39.6% | -11.98% | -48.71% | -69.94% |
Return on Assets (ROA) | -30.81% | 7.33% | -31.16% | 7.45% | -39.66% | -30.18% | -10.33% | -28.98% | -39.48% |
Net Interest Margin | -0.24% | -6.18% | -11.81% | -0.63% | -4.01% | -0.7% | 0.64% | -0.18% | -0.39% |
Efficiency Ratio | 85.42% | 30.97% | 27.67% | 28.01% | 206.8% | 34.59% | 38.99% | 57% | 63.04% |
Equity / Assets | 78.73% | 53.14% | 29.88% | 66.17% | 74.44% | 77.83% | 91.07% | 43.23% | 39.29% |
Book Value / Share | 0.36 | 0.4 | 0.18 | 2.12 | 1.23 | 1.12 | 1.47 | 1.02 | 0.7 |
NII Growth | - | -5087.3% | -86.78% | 43.97% | -302.49% | 80.68% | 261.68% | -154.31% | -196.03% |
Dividend Payout | - | - | - | - | - | - | - | - | 0% |
Bitfarms Ltd. (BITF) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 11, 2026·SEC
Apr 3, 2026·SEC
Apr 1, 2026·SEC
Mar 31, 2026·SEC
May 11, 2026·SEC
Bitfarms Ltd. (BITF) stock FAQ — growth, dividends, profitability & financials explained
Bitfarms Ltd. (BITF) grew revenue by 18.9% over the past year. This is strong growth.
Bitfarms Ltd. (BITF) reported a net loss of $394.0M for fiscal year 2025.
Bitfarms Ltd. (BITF) has a return on equity (ROE) of -48.7%. Negative ROE indicates the company is unprofitable.
Bitfarms Ltd. (BITF) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.
Bitfarms Ltd. (BITF) has an efficiency ratio of 57.0%. This is reasonable for a bank.