BGIN BLOCKCHAIN Ltd(BGIN)Earnings, Financials & Key Ratios
BGIN•NASDAQ
3.5× P/E·Price updated Jun 19, 2026
AboutBgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also designs and sells mining machines for individual miners and distributors, as well as develops computer chips. In addition, it offers miner hosting, mining pool, and value-added services. The company was founded in 2019 and is based in Singapore.Show more
- Revenue$302M+17.5%
- EBITDA$91M-48.3%
- Net Income$66M-52.8%
- EPS (Diluted)0.58-52.5%
- Gross Margin42.24%-45.4%
- EBITDA Margin30.2%-56.0%
- Operating Margin27.01%-60.0%
- Net Margin21.81%-59.8%
- ROE36.73%-79.2%
BGIN Key Insights
BGIN BLOCKCHAIN Ltd (BGIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 70.4%
- ✓Healthy 5Y average net margin of 27.6%
- ✓Trading at only 1.1x book value
- ✓Efficient asset utilization: 1.1x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 18 (bottom 18%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BGIN Price & Volume
BGIN BLOCKCHAIN Ltd (BGIN) stock price & volume — 10-year historical chart
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BGIN Growth Metrics
BGIN BLOCKCHAIN Ltd (BGIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years141.27%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years104.52%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years104.82%
TTM-
Return on Capital
10 Years88.42%
5 Years88.42%
3 Years86.23%
Last Year45.44%
BGIN Peer Comparison
BGIN BLOCKCHAIN Ltd (BGIN) competitors in Advanced Computing and Mining Hardware — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BTBT | 706.64M | 2.17 | -7 | -30.65% | -146.01% | -0.11% | 0.16 | |
 CIFR | 11.84B | 29.18 | -13.57 | 48.04% | -5.13% | -115.53% | 3.31 | |
 IREN | 21.4B | 59.96 | 153.74 | 167.65% | 31.71% | 9.12% | 0.53 | |
 HIVE | 1.14B | 4.26 | -6.45 | 158.32% | -49.85% | -26.12% | 0.13 | |
 HUT | 14.01B | 124.44 | -58.15 | -90.71% | -17.66% | 0.25 | ||
 MARA | 5.42B | 14.22 | -3.85 | 38.2% | -234.83% | -51.65% | 1.05 | |
 RIOT | 10.65B | 28.10 | -14.41 | 71.89% | -132.76% | -28.78% | 0.10 | |
 CLSK | 4.42B | 17.24 | 15.39 | 102.21% | -67.66% | -29.93% | 0.38 |
Compare BGIN vs Peers
BGIN BLOCKCHAIN Ltd (BGIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BGIN Income Statement
BGIN BLOCKCHAIN Ltd (BGIN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
Sales/Revenue | 21.52M | 15.05M | 257.27M | 302.28M |
Revenue Growth % | - | -30.05% | 1609.02% | 17.5% |
Cost of Goods Sold | 6.66M | 6.12M | 58.1M | 174.59M |
COGS % of Revenue | 30.93% | 40.66% | 22.58% | 57.76% |
Gross Profit | 14.87M▲ 0% | 8.93M▼ 39.9% | 199.17M▲ 2129.6% | 127.69M▼ 35.9% |
Gross Margin % | 69.07% | 59.34% | 77.42% | 42.24% |
Gross Profit Growth % | - | -39.91% | 2129.6% | -35.89% |
Operating Expenses | 5.35M | 9.51M | 25.51M | 46.05M |
OpEx % of Revenue | 24.84% | 63.15% | 9.91% | 15.24% |
Selling, General & Admin | 3.51M | 1.86M | 15.4M | 7.83M |
SG&A % of Revenue | 16.31% | 12.35% | 5.99% | 2.59% |
Research & Development | 195.26K | 7.18M | 10.1M | 16.37M |
R&D % of Revenue | 0.91% | 47.68% | 3.93% | 5.42% |
Other Operating Expenses | 1.64M | 468.55K | 5.57K | 21.84M |
Operating Income | 9.52M▲ 0% | -572.85K▼ 106.0% | 173.67M▲ 30416.3% | 81.63M▼ 53.0% |
Operating Margin % | 44.24% | -3.81% | 67.5% | 27.01% |
Operating Income Growth % | - | -106.02% | 30416.29% | -52.99% |
EBITDA | 10.75M | 1.22M | 176.63M | 91.29M |
EBITDA Margin % | 49.95% | 8.1% | 68.66% | 30.2% |
EBITDA Growth % | - | -88.66% | 14384.62% | -48.32% |
D&A (Non-Cash Add-back) | 1.23M | 1.79M | 2.96M | 9.65M |
EBIT | 10.98M | -162.39K | 173.36M | 103.45M |
Net Interest Income | -72.01K | -182.06K | -2.18M | 0 |
Interest Income | 0 | 0 | 0 | 0 |
Interest Expense | 364.25K | 182.06K | 2.18M | 0 |
Other Income/Expense | -315.96K | 299K | -94.33K | -847.67K |
Pretax Income | 9.2M▲ 0% | -273.85K▼ 103.0% | 173.57M▲ 63482.4% | 80.79M▼ 53.5% |
Pretax Margin % | 42.77% | -1.82% | 67.47% | 26.73% |
Income Tax | 1.5M | -45.03K | 33.81M | 14.65M |
Effective Tax Rate % | 16.28% | 16.44% | 19.48% | 18.13% |
Net Income | 7.71M▲ 0% | -220.38K▼ 102.9% | 139.71M▲ 63492.8% | 65.93M▼ 52.8% |
Net Margin % | 35.81% | -1.46% | 54.3% | 21.81% |
Net Income Growth % | - | -102.86% | 63492.79% | -52.81% |
Net Income (Continuing) | 7.71M | -228.82K | 139.76M | 66.14M |
Discontinued Operations | 0 | 0 | 0 | 0 |
Minority Interest | -568 | 91K | 143.59K | 352.15K |
EPS (Diluted) | 0.07▲ 0% | -0.00▼ 102.8% | 1.22▲ 64310.5% | 0.58▼ 52.5% |
EPS Growth % | - | -102.81% | - | -52.46% |
EPS (Basic) | 0.07 | -0.00 | 1.22 | 0.58 |
Diluted Shares Outstanding | 114.14M | 114.14M | 114.14M | 114.14M |
Basic Shares Outstanding | 114.14M | 114.14M | 114.14M | 114.14M |
Dividend Payout Ratio | - | - | - | - |
BGIN Balance Sheet
BGIN BLOCKCHAIN Ltd (BGIN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
Total Current Assets | 9.71M | 3.89M | 178.3M | 194.66M |
Cash & Short-Term Investments | 3.65M | 601.73K | 46.7M | 114.8M |
Cash Only | 3.65M | 601.73K | 46.7M | 114.8M |
Short-Term Investments | 0 | 0 | 0 | 0 |
Accounts Receivable | 988.62K | 437.53K | 4.28M | 9.05M |
Days Sales Outstanding | 16.77 | 10.61 | 6.08 | 10.92 |
Inventory | 0 | 0 | 3.53M | 12.49M |
Days Inventory Outstanding | - | - | 22.21 | 26.11 |
Other Current Assets | 4.86M | 2.07M | 117.04M | 49.13M |
Total Non-Current Assets | 5.34M | 8.01M | 13.37M | 76.12M |
Property, Plant & Equipment | 5.34M | 8.01M | 11.78M | 72.18M |
Fixed Asset Turnover | 4.03x | 1.88x | 21.83x | 4.19x |
Goodwill | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 0 | 0 | 1.58M | 1.83M |
Total Assets | 15.05M▲ 0% | 11.89M▼ 21.0% | 191.67M▲ 1511.4% | 270.79M▲ 41.3% |
Asset Turnover | 1.43x | 1.27x | 1.34x | 1.12x |
Asset Growth % | - | -20.96% | 1511.43% | 41.28% |
Total Current Liabilities | 5.03M | 2.5M | 42.56M | 60.6M |
Accounts Payable | 19.41K | 198.1K | 858.21K | 6.85M |
Days Payables Outstanding | 1.06 | 11.81 | 5.39 | 14.32 |
Short-Term Debt | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 1.98M | 952.34K |
Other Current Liabilities | 0 | 0 | 0 | 0 |
Current Ratio | 1.93x | 1.56x | 4.19x | 3.21x |
Quick Ratio | 1.93x | 1.56x | 4.11x | 3.01x |
Cash Conversion Cycle | - | - | 22.89 | 22.71 |
Total Non-Current Liabilities | 348.51K | 278.06K | 180.89K | 123.02K |
Long-Term Debt | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 180.89K | 123.02K |
Deferred Tax Liabilities | 348.51K | 278.06K | 0 | 0 |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
Total Liabilities | 5.37M | 2.77M | 42.75M | 60.73M |
Total Debt | 0 | 0 | 348.02K | 445.4K |
Net Debt | -3.65M | -601.73K | -46.35M | -114.36M |
Debt / Equity | - | - | 0.00x | 0.00x |
Debt / EBITDA | - | - | 0.00x | 0.00x |
Net Debt / EBITDA | -0.34x | -0.49x | -0.26x | -1.25x |
Interest Coverage | 26.14x | -3.15x | 79.80x | - |
Total Equity | 9.67M▲ 0% | 9.12M▼ 5.7% | 148.92M▲ 1532.9% | 210.06M▲ 41.1% |
Equity Growth % | - | -5.73% | 1532.94% | 41.06% |
Book Value per Share | 0.08 | 0.08 | 1.30 | 1.84 |
Total Shareholders' Equity | 9.67M | 9.03M | 148.78M | 209.71M |
Common Stock | 0 | 0 | 0 | 0 |
Retained Earnings | 9.49M | 9.27M | 149.02M | 209.95M |
Treasury Stock | 0 | 0 | 0 | 0 |
Accumulated OCI | 180.34K | -244.93K | -244.06K | -244.06K |
Minority Interest | -568 | 91K | 143.59K | 352.15K |
BGIN Cash Flow Statement
BGIN BLOCKCHAIN Ltd (BGIN) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
Cash from Operations | -6.2M | -12.74M | -31.29M | -199.34M |
Operating CF Margin % | -28.83% | -84.66% | -12.16% | -65.95% |
Operating CF Growth % | - | -105.44% | -145.48% | -537.16% |
Net Income | 7.71M | -228.82K | 139.76M | 66.14M |
Depreciation & Amortization | 1.23M | 1.79M | 2.96M | 9.65M |
Stock-Based Compensation | 0 | 0 | 0 | 0 |
Deferred Taxes | -2.59K | -45.03K | -278.06K | -2.11M |
Other Non-Cash Items | -19.59M | -13.19M | -197.38M | -165.67M |
Working Capital Changes | 4.46M | -1.08M | 23.65M | -107.35M |
Change in Receivables | 0 | -406.74K | -3.85M | -4.7M |
Change in Inventory | 0 | 0 | -3.53M | -120.84M |
Change in Payables | 3.09M | -79.86K | 3.47M | 5.22M |
Cash from Investing | 10.75M | 9.65M | 77.74M | 267.98M |
Capital Expenditures | -4.17M | -5.19M | -6.69M | -12.97M |
CapEx % of Revenue | 19.38% | 34.49% | 2.6% | 4.29% |
Acquisitions | 0 | 0 | 0 | 0 |
Investments | - | - | - | - |
Other Investing | 14.92M | 14.85M | 84.43M | 280.95M |
Cash from Financing | -963.12K | 350.12K | -361.58K | -538.69K |
Debt Issued (Net) | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 0 | 0 | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 |
Other Financing | -963.12K | 350.12K | -361.58K | -538.69K |
Net Change in Cash | 3.64M▲ 0% | -3.05M▼ 183.8% | 46.1M▲ 1610.7% | 68.11M▲ 47.8% |
Free Cash Flow | -10.38M▲ 0% | -17.94M▼ 72.9% | -37.97M▼ 111.7% | -212.31M▼ 459.1% |
FCF Margin % | -48.21% | -119.15% | -14.76% | -70.24% |
FCF Growth % | - | -72.88% | -111.7% | -459.13% |
FCF per Share | -0.09 | -0.16 | -0.33 | -1.86 |
FCF Conversion (FCF/Net Income) | -0.80x | 57.83x | -0.22x | -3.02x |
Interest Paid | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 17.49K | 381.81K |
BGIN Key Ratios
BGIN BLOCKCHAIN Ltd (BGIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
Return on Equity (ROE) | 79.67% | -2.35% | 176.8% | 36.73% |
Return on Invested Capital (ROIC) | 118.6% | -5.91% | 234.49% | 61.76% |
Gross Margin | 69.07% | 59.34% | 77.42% | 42.24% |
Net Margin | 35.81% | -1.46% | 54.3% | 21.81% |
Debt / Equity | - | - | 0.00x | 0.00x |
Interest Coverage | 26.14x | -3.15x | 79.80x | - |
FCF Conversion | -0.80x | 57.83x | -0.22x | -3.02x |
Revenue Growth | - | -30.05% | 1609.02% | 17.5% |
Related:BGIN Dividend History·BGIN Revenue History·BGIN Price History·BGIN P/E History·BGIN Financial Ratios·BGIN Institutional Holders
BGIN Frequently Asked Questions
BGIN BLOCKCHAIN Ltd (BGIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BGIN BLOCKCHAIN Ltd (BGIN) reported $302.3M in revenue for fiscal year 2024. This represents a 1305% increase from $21.5M in 2021.
BGIN BLOCKCHAIN Ltd (BGIN) grew revenue by 17.5% over the past year. This is strong growth.
Yes, BGIN BLOCKCHAIN Ltd (BGIN) is profitable, generating $65.9M in net income for fiscal year 2024 (21.8% net margin).
Dividend & Returns
BGIN BLOCKCHAIN Ltd (BGIN) has a return on equity (ROE) of 36.7%. This is excellent, indicating efficient use of shareholder capital.
BGIN BLOCKCHAIN Ltd (BGIN) had negative free cash flow of $212.3M in fiscal year 2024, likely due to heavy capital investments.