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Apr 3, 2026·SEC
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Apr 1, 2026·SEC
Bitfarms Ltd.(BITF)Earnings, Financials & Key Ratios
BITF•NASDAQ•Banking & Credit
$2.16
$1.29B mkt cap·Price updated Apr 24, 2026
AboutBitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.Show more
- Net Interest Income$4M+261.7%
- Total Revenue$193M+31.8%
- Net Income-$54M+50.4%
- Return on Equity-11.98%+69.8%
- Net Interest Margin0.64%+191.7%
- Efficiency Ratio38.99%+12.7%
- ROA-10.33%+65.8%
- Equity / Assets91.07%+17.0%
- Book Value per Share1.47+30.4%
- Tangible BV/Share1.46+31.2%
- Debt/Equity0.04-42.9%
BITF Key Insights
Bitfarms Ltd. (BITF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Efficient operations: 39.0% efficiency ratio
- ✓Well capitalized: 91.1% equity/assets
- ✓Diversified revenue: 96.9% from non-interest income
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak NIM of 0.6%
- ✗Shares diluted 58.1% in last year
- ✗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.
BITF Price & Volume
Bitfarms Ltd. (BITF) stock price & volume — 10-year historical chart
Loading chart...
BITF Growth Metrics
Bitfarms Ltd. (BITF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years42.85%
3 Years4.4%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-2.94%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM32.61%
Return on Capital
10 Years-20.39%
5 Years-24.28%
3 Years-44.81%
Last Year-22.86%
BITF Recent Earnings
Bitfarms Ltd. (BITF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Mar 26, 2026EPS
$0.18
Est $0.04
-350.0%
Revenue
$52M
Est $63M
-17.3%
Q4 2025
Nov 13, 2025EPS
$0.02
Est $0.02
+0.0%
Revenue
$69M
Est $62M
+12.0%
Q3 2025
Aug 12, 2025EPS
$0.02
Est $0.01
-100.0%
Revenue
$78M
Est $81M
-4.0%
Q2 2025
May 14, 2025EPS
$0.04
Est $0.04
+0.0%
Revenue
$67M
Est $76M
-11.9%
| 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% |
Based on last 12 quarters of dataView full earnings history →
BITF Peer Comparison
Bitfarms Ltd. (BITF) competitors in Bitcoin Mining and Data Centers — 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 |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 CORZ | 7.77B | 24.63 | -27.99 | -37.53% | -342.93% |
Compare BITF vs Peers
Bitfarms Ltd. (BITF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BITF Income Statement
Bitfarms Ltd. (BITF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | -63K | -3.27M | -6.1M | -3.42M | -13.77M | -2.66M | 4.3M | -2.43M |
| NII Growth % | - | - | -5087.3% | -86.78% | 43.97% | -302.49% | 80.68% | 261.68% | -261.43% |
| Net Interest Margin % | 0% | -0.24% | -6.18% | -11.81% | -0.63% | -4.01% | -0.7% | 0.64% | -0.3% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 456K | 1.42M | 6.04M | 2.84M |
| Interest Expense | 0 | 63K | 3.27M | 6.1M | 3.42M | 14.22M | 4.08M | 1.74M | 5.27M |
| Loan Loss Provision | 1.4M | 22.86M | 17.71M | 25.73M | 54.95M | 117.69M | 163.79M | 223.5M | 272.3M |
| Non-Interest Income | 8.97M | 33.8M | 32.42M | 34.7M | 169.49M | 141.97M | 144.95M | 186.84M | 267.22M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 99.68% | 99.03% | 96.87% | 98.95% |
| 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% | 270.06M▲ 0% |
| Revenue Growth % | - | 276.68% | -4.09% | 7.04% | 388.4% | -15.97% | 2.76% | 31.78% | 195.95% |
| Non-Interest Expense | 177.15K | 28.88M | 10.04M | 9.6M | 47.48M | 294.54M | 50.63M | 75.2M | 109.81M |
| Efficiency Ratio | 1.97% | 85.42% | 30.97% | 27.67% | 28.01% | 206.8% | 34.59% | 38.99% | 40.66% |
| 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% | -117.33M▲ 0% |
| Operating Margin % | 82.45% | -53.24% | 4.32% | -19.4% | 37.55% | -199.41% | -49.28% | -55.77% | -43.45% |
| Operating Income Growth % | - | -343.22% | 107.77% | -581.13% | 1045.48% | -546.29% | 74.6% | -49.13% | - |
| 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% | -110.88M▲ 0% |
| Pretax Margin % | 79.51% | -53.77% | -1.49% | -46.44% | 25.16% | -135.55% | -74.69% | -35.44% | -41.06% |
| Income Tax | 2.05M | 59K | -2.59M | 172K | 20.51M | -17.41M | -401K | -14.29M | -15.07M |
| Effective Tax Rate % | 28.79% | -0.32% | 535.33% | -1.07% | 48.1% | 9.02% | 0.37% | 20.91% | 13.59% |
| 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% | -130.32M▲ 0% |
| Net Margin % | 56.62% | -27.7% | 8.94% | -46.94% | 13.06% | -123.32% | -74.42% | -28.03% | -48.26% |
| Net Income Growth % | - | -284.26% | 130.96% | -661.88% | 235.86% | -893.69% | 37.99% | 50.37% | -2.94% |
| Net Income (Continuing) | 5.08M | -18.24M | 2.11M | -16.29M | 22.13M | -175.64M | -108.92M | -54.06M | -95.81M |
| 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% | -0.23▲ 0% |
| EPS Growth % | - | -279.57% | 118.56% | -739.73% | 168.42% | -984.62% | 63.48% | 69.05% | 32.61% |
| EPS (Basic) | 0.09 | -0.16 | 0.03 | -0.19 | 0.14 | -1.15 | -0.42 | -0.13 | - |
| Diluted Shares Outstanding | 57.05M | 56.92M | 71.06M | 84.92M | 169.39M | 207.78M | 262.24M | 414.67M | 556.54M |
BITF Balance Sheet
Bitfarms Ltd. (BITF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 4.52M | 552K | 2.16M | 5.95M | 191.63M | 35.44M | 84.04M | 146.84M | 682.2M |
| Cash & Due from Banks | 4.52M | 552K | 2.16M | 5.95M | 125.59M | 30.81M | 84.04M | 59.54M | 86.95M |
| Short Term Investments | 0 | 0 | 0 | 0 | 66.03M | 4.63M | 0 | 87.3M | 171.28M |
| Total Investments | 0 | 0 | 0 | 0 | 66.03M | 4.63M | 0 | 87.3M | 172.15M |
| Investments Growth % | - | - | - | - | - | -92.98% | -100% | - | 380.05% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.74M |
| Accounts Receivables | 0 | 912K | 1.55M | 1.1M | 1.04M | 701K | 714K | 1.26M | 3.27M |
| Goodwill & Intangibles | 4.72M | 1.01M | 675K | 377K | 18.64M | 33K | 3.7M | 4.04M | 2.74M |
| Goodwill | 0 | 0 | 0 | 0 | 16.95M | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.72M | 1.01M | 675K | 377K | 1.68M | 33K | 3.7M | 4.04M | 2.74M |
| PP&E (Net) | 21.34M | 20.86M | 44.13M | 41.22M | 146.25M | 268.02M | 200.33M | 423.4M | 381.73M |
| Other Assets | 0 | 1.06M | 1.5M | 942K | 86.68M | 5.96M | 44.71M | 26.47M | 41.24M |
| Total Current Assets | 8.48M | 3.29M | 6.55M | 9.17M | 287.13M | 69.09M | 129.98M | 213.71M | 374.71M |
| Total Non-Current Assets | 26.06M | 22.94M | 46.31M | 42.54M | 255.46M | 274.01M | 248.74M | 453.91M | 426.57M |
| 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% | 801.28M▲ 0% |
| Asset Growth % | - | -24.07% | 101.49% | -2.18% | 949.41% | -36.77% | 10.38% | 76.28% | 249.55% |
| Return on Assets (ROA) | 14.71% | -30.81% | 7.33% | -31.16% | 7.45% | -39.66% | -30.18% | -10.33% | -16.26% |
| Accounts Payable | 4.45M | 1.91M | 2.29M | 2.06M | 14.48M | 12.9M | 9.08M | 21.91M | 36.18M |
| Total Debt | 0 | 1.72M | 22.19M | 28.37M | 84.74M | 65.01M | 19.87M | 23.41M | 73.68M |
| Net Debt | -4.52M | 1.17M | 20.03M | 22.42M | -40.85M | 34.2M | -64.17M | -36.13M | -13.27M |
| Long-Term Debt | 0 | 693K | 14.85M | 174K | 910K | 4.09M | 0 | 1.43M | 50.84M |
| Short-Term Debt | 0 | 1.02M | 874K | 17.17M | 70.26M | 43.05M | 4.02M | 146K | 607K |
| Other Liabilities | 207K | 232K | 193K | 209K | 239K | 1.98M | 1.82M | 2.11M | 3.2M |
| Total Current Liabilities | 5.74M | 4.66M | 4.01M | 28.48M | 164.75M | 67.41M | 69.15M | 36.27M | 117.05M |
| Total Non-Current Liabilities | 909K | 925K | 20.76M | 7.78M | 18.83M | 20.29M | 14.81M | 23.35M | 72.87M |
| Total Liabilities | 6.64M | 5.58M | 24.77M | 36.26M | 183.58M | 87.7M | 83.96M | 59.62M | 189.92M |
| 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% | 611.36M▲ 0% |
| Equity Growth % | - | -25.99% | 36.01% | -45.01% | 2224.12% | -28.86% | 15.41% | 106.27% | 247.37% |
| Equity / Assets (Capital Ratio) | 80.77% | 78.73% | 53.14% | 29.88% | 66.17% | 74.44% | 77.83% | 91.07% | 76.3% |
| Return on Equity (ROE) | 18.21% | -38.57% | 11.9% | -74.83% | 11.82% | -57.18% | -39.6% | -11.98% | -21.32% |
| Book Value per Share | 0.49 | 0.36 | 0.40 | 0.18 | 2.12 | 1.23 | 1.12 | 1.47 | 1.10 |
| Tangible BV per Share | 0.41 | 0.35 | 0.39 | 0.18 | 2.01 | 1.23 | 1.11 | 1.46 | 1.09 |
| Common Stock | 115K | 162K | 30.48M | 32M | 354.71M | 404.93M | 535.01M | 852.29M | 969.44M |
| Additional Paid-in Capital | 22.88M | 0 | 3.47M | 5.59M | 25.84M | 47.65M | 56.62M | 67.52M | 69.64M |
| Retained Earnings | 4.91M | -8.76M | -5.86M | -22.14M | -21.55M | -197.19M | -299.81M | -334.51M | -459.11M |
| Accumulated OCI | 0 | 4.39M | 3.47M | 5.59M | 0 | 0 | 2.94M | 22.7M | 19.91M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BITF Cash Flow Statement
Bitfarms Ltd. (BITF) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 7.94M | 13.76M | 6.02M | 7.22M | -37.17M | 36.25M | -105.71M | -140.56M | -140.56M |
| Operating CF Growth % | - | 73.21% | -56.25% | 19.98% | -614.61% | 197.52% | -391.62% | -32.97% | -2403.75% |
| Net Income | 5.08M | -18.24M | 2.11M | -16.29M | 22.13M | -239.05M | -108.92M | -54.06M | -130.32M |
| Depreciation & Amortization | 1.15M | 12.55M | 6.84M | 11.49M | 24.48M | 72.42M | 84.78M | 140.97M | 124.76M |
| Deferred Taxes | 727.25K | -1.23M | -1.6M | 1.44M | 8.84M | -32.37M | 17.09M | -15.8M | -15.49M |
| Other Non-Cash Items | 2.62M | 20.09M | -1.17M | 5.14M | -130.59M | 217.44M | -110.82M | -216.4M | -317.44M |
| Working Capital Changes | 994.52K | -162K | -3.03M | 3.24M | 15.39M | -3.98M | 1.24M | -9.22M | 14.27M |
| Cash from Investing | -14.19M | -22.08M | -22.36M | -3.6M | -215.15M | -155.01M | 70.97M | -178.39M | 210.66M |
| Purchase of Investments | 0 | 0 | 0 | 0 | -6.69M | -193.97M | -36.26M | -51.94M | -203.28M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 4M |
| Net Investment Activity | 0 | 0 | 0 | 0 | -5.69M | -192.97M | -35.26M | -50.94M | -199.28M |
| Acquisitions | 0 | 569K | 1.45M | 925.43K | -23M | 10.08M | 0 | 0 | 1000K |
| Other Investing | 0 | 145K | -32.87K | -46.43K | -5.04M | 416.04K | 717K | 5.46M | 19.9M |
| Cash from Financing | 10.92M | 4.33M | 17.97M | 185K | 371.99M | 24.01M | 87.88M | 294.46M | 135.88M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.96M |
| Stock Issued | 10.92M | 2.94M | 4.94M | 54K | 259.17M | 54.09M | 109.07M | 289.53M | 87.74M |
| Net Stock Activity | 10.92M | 2.94M | 4.94M | 54K | 259.17M | 54.09M | 109.07M | 289.53M | 77.79M |
| Debt Issuance (Net) | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -400K |
| Other Financing | 10.92M | 0 | 100K | 2M | 63.32M | -59.98M | 12.98M | 9.6M | 12.86M |
| 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% | 39.04M▲ 0% |
| Exchange Rate Effect | 0 | 18K | -23K | -15K | -21K | 43K | 18K | -9K | 114K |
| Cash at Beginning | 2.78M | 4.52M | 552K | 2.16M | 5.95M | 125.59M | 30.89M | 84.04M | 110.44M |
| Cash at End | 7.46M | 552K | 2.16M | 5.95M | 125.59M | 30.89M | 84.04M | 59.54M | 111.95M |
| Interest Paid | 0 | 49K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 1.28M | 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% | -458.46M▲ 0% |
| FCF Growth % | - | -44.67% | -96.66% | 115.42% | -8512.78% | 31.12% | -11.52% | -171.4% | -47.28% |
BITF Banking Ratios
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 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -38.57% | 11.9% | -74.83% | 11.82% | -57.18% | -39.6% | -11.98% | -21.32% |
| Return on Assets (ROA) | -30.81% | 7.33% | -31.16% | 7.45% | -39.66% | -30.18% | -10.33% | -16.26% |
| Net Interest Margin | -0.24% | -6.18% | -11.81% | -0.63% | -4.01% | -0.7% | 0.64% | -0.3% |
| Efficiency Ratio | 85.42% | 30.97% | 27.67% | 28.01% | 206.8% | 34.59% | 38.99% | 40.66% |
| Equity / Assets | 78.73% | 53.14% | 29.88% | 66.17% | 74.44% | 77.83% | 91.07% | 76.3% |
| Book Value / Share | 0.36 | 0.4 | 0.18 | 2.12 | 1.23 | 1.12 | 1.47 | 1.1 |
| NII Growth | - | -5087.3% | -86.78% | 43.97% | -302.49% | 80.68% | 261.68% | 45.22% |
| Dividend Payout | - | - | - | - | - | - | - | 0% |
BITF SEC Filings & Documents
Bitfarms Ltd. (BITF) SEC filings — annual & quarterly reports (10-K, 10-Q)
10-K Annual Reports
1FY 2026
Mar 31, 2026·SEC
BITF Frequently Asked Questions
Bitfarms Ltd. (BITF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bitfarms Ltd. (BITF) grew revenue by 31.8% over the past year. This is strong growth.
Bitfarms Ltd. (BITF) reported a net loss of $130.3M for fiscal year 2024.
Dividend & Returns
Bitfarms Ltd. (BITF) has a return on equity (ROE) of -12.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Bitfarms Ltd. (BITF) has a net interest margin (NIM) of 0.6%. NIM has been under pressure due to interest rate environment.
Bitfarms Ltd. (BITF) has an efficiency ratio of 39.0%. This is excellent, indicating strong cost control.
Explore More BITF
Bitfarms Ltd. (BITF) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates