Last 31 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -16.62 | — | — | — | 12.13 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 6.70 | 5.67 | 1.50 | 1.47 | 3.18 | 5.28 | 6.20 | 3.75 | 5.26 | 2.12 | 2.55 | 1.88 | 0.91 |
| — | +7.4% | -75.8% | -60.7% | -39.5% | +149.2% | +143.4% | +100.0% | +476.3% | +27.5% | +87.1% | -59.9% | -77.8% | |
| P/B Ratio | 1.47 | 2.57 | 0.70 | 0.59 | 1.17 | 1.85 | 2.18 | 2.07 | 3.30 | 1.02 | 1.33 | 0.83 | 0.39 |
| — | +38.8% | -67.6% | -71.3% | -64.4% | +81.4% | +64.0% | +149.9% | +754.1% | +21.4% | +95.1% | -49.6% | -85.8% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | 2.68 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 37.58 | 86.03 | — | — | 22.05 | — | 9.08 | 11.55 | 25.08 | 21.78 | — | 10.24 | 43.93 |
| — | — | — | — | -12.1% | — | — | +12.7% | -42.9% | — | — | -1.6% | +374.6% | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bitfarms Ltd.'s operating margin was -41.8% in Q3 2025, up 9.1 pp QoQ and up 56.0 pp YoY. Gross margin expanded 84.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -16.8% | -4.2% | -7.0% | -0.8% | 2.5% | -26.3% | -27.1% | -21.2% | 3.8% | -25.6% | -17.0% | -27.8% | -44.7% |
| — | +84.2% | +74.0% | +96.2% | -35.0% | -2.6% | -59.4% | +23.6% | +108.5% | -116.3% | -174.9% | -165.8% | -168.3% | |
| Operating Margin | -55.8% | -41.8% | -50.9% | -48.4% | -29.2% | -97.9% | -56.7% | -47.1% | -27.5% | -53.9% | -70.9% | -49.9% | -74.1% |
| — | +57.3% | +10.2% | -2.7% | -5.9% | -81.6% | +20.0% | +5.6% | +62.8% | +81.7% | +82.9% | -392.8% | -394.1% | |
| Net Margin | -28.0% | -116.6% | -37.1% | -53.7% | 27.0% | -81.7% | -64.0% | -11.9% | -124.1% | -47.7% | -73.5% | -12.3% | -62.3% |
| — | -42.8% | +42.1% | -351.6% | +121.8% | -71.2% | +12.9% | +3.5% | -99.2% | +81.3% | +78.3% | -209.9% | -483.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.0% | -12.7% | -4.3% | -5.6% | 2.7% | -7.4% | -6.3% | -1.8% | -19.7% | -5.9% | -9.6% | -1.4% | -6.5% |
| — | -70.6% | +31.4% | -211.2% | +113.7% | -26.2% | +33.7% | -29.3% | -203.3% | +79.2% | +73.2% | -226.9% | -315.0% | |
| ROA | -10.3% | -9.9% | -3.6% | -5.0% | 2.4% | -6.5% | -5.5% | -1.5% | -16.1% | -5.0% | -7.9% | -1.1% | -4.7% |
| — | -51.8% | +35.0% | -234.4% | +115.0% | -30.2% | +30.3% | -35.5% | -244.7% | +74.9% | +68.9% | -243.3% | -309.0% | |
| ROIC | -17.1% | -3.1% | -4.2% | -3.7% | -2.1% | -6.4% | -4.1% | -5.1% | -3.0% | -4.5% | -6.1% | -3.6% | -4.4% |
| — | +52.4% | -2.5% | +28.1% | +30.8% | -42.0% | +33.9% | -43.2% | +31.2% | +74.8% | +74.6% | -465.5% | -246.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Bitfarms Ltd.'s Debt/EBITDA ratio is 16.3x — elevated, raising questions about debt serviceability. The current ratio has weakened 13.5% YoY to 3.20x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.12 | 0.11 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.07 | 0.09 | 0.12 | 0.14 | 0.25 |
| — | +157.6% | +237.7% | -11.5% | -42.9% | -48.9% | -71.2% | -68.3% | -73.5% | -75.0% | -68.5% | -58.6% | +7.8% | |
| Debt / EBITDA | 0.70 | 16.29 | — | — | 3.05 | — | 0.63 | 1.04 | 2.20 | 8.41 | — | 6.58 | 85.99 |
| — | — | — | — | +38.7% | — | — | -84.1% | -97.4% | — | — | -14.3% | +2466.4% | |
| Current Ratio | 5.89 | 3.20 | 3.11 | 2.64 | 5.89 | 3.70 | 5.11 | 3.02 | 1.88 | 2.82 | 1.93 | 1.70 | 1.02 |
| — | -13.5% | -39.1% | -12.6% | +213.5% | +31.2% | +165.3% | +77.5% | +83.4% | +125.1% | +48.9% | -25.0% | -41.2% | |
| Quick Ratio | 5.89 | 3.20 | 3.11 | 2.64 | 5.89 | 3.70 | 5.11 | 3.02 | 1.88 | 2.82 | 1.93 | 1.70 | 1.02 |
| — | -13.5% | -39.1% | -12.6% | +213.5% | +31.2% | +165.3% | +77.5% | +83.4% | +125.1% | +48.9% | -25.0% | -41.2% | |
| Interest Coverage | -61.89 | -15.37 | -18.13 | -50.32 | -29.43 | -99.41 | -67.56 | -62.72 | -1.51 | -22.87 | -24.60 | -9.26 | -6.12 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 31 years · Updated daily
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Bitfarms Ltd.'s current P/E is -16.6x. The average P/E over the last 1 quarters is 12.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bitfarms Ltd.'s current operating margin is -55.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bitfarms Ltd.'s business trajectory between earnings reports.