Bitfarms Ltd. (BITF) Earnings History
Annual and quarterly earnings data from 2017 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | -16.8% | -55.8% | -28.0% |
| 2023 | -14.7% | -49.3% | -74.4% |
| 2022 | 7.4% | -199.4% | -123.3% |
| 2021 | 65.6% | 37.5% | 13.1% |
| 2020 | 8.3% | -19.4% | -46.9% |
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Bitfarms Ltd. (BITF) Earnings Overview
As of March 3, 2026, Bitfarms Ltd. (BITF) reported trailing twelve-month net income of -$130M, reflecting +0.7% year-over-year growth. The company earned $-0.23 per diluted share over the past four quarters, with a net profit margin of -0.3%.
Looking at the long-term picture, BITF's historical earnings data spans multiple years. The company achieved its highest annual net income of $22M in fiscal 2021.
Bitfarms Ltd. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to industry peers including IREN (-$16M net income, 0.2% margin), BMNR (-$4.85B net income, 57.2% margin), WULF (-$564M net income, -0.5% margin), BITF has room to improve margins relative to the peer group. Compare BITF vs IREN →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$54M | +50.4% | -$108M | $-0.13 | -28.0% | -55.8% |
| 2023 | -$109M | +38.0% | -$72M | $-0.42 | -74.4% | -49.3% |
| 2022 | -$176M | -893.7% | -$284M | $-1.15 | -123.3% | -199.4% |
| 2021 | $22M | +235.9% | $64M | $0.13 | 13.1% | 37.5% |
| 2020 | -$16M | -661.9% | -$7M | $-0.19 | -46.9% | -19.4% |
| 2019 | $3M | +131.0% | $1M | $0.03 | 8.9% | 4.3% |
| 2018 | -$9M | -284.3% | -$18M | $-0.16 | -27.7% | -53.2% |
| 2017 | $5M | - | $7M | $0.09 | 56.6% | 82.5% |
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Start ComparisonFrequently Asked Questions
Is BITF growing earnings?
BITF EPS of $-0.23 reflects slowing growth at +0.7%, below the 5-year CAGR of N/A. TTM net income is $-130M. Expansion rate has moderated.
What are BITF's profit margins?
Bitfarms Ltd. net margin is -0.3%, with operating margin at -0.6%. Below-average margins reflect competitive or cost pressures.
How consistent are BITF's earnings?
BITF earnings data spans 2017-2024. The current earnings trend is +0.7% YoY. Historical data enables comparison across business cycles.