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  3. Financial Ratios
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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Bit Digital, Inc. (BTBT) Quarterly Financial Ratios

Last 36 quarters of trend data · Financial Services · Financial - Capital Markets

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Bit Digital, Inc.'s quarterly P/E stands at 1.6x.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
P/E Ratio →8.351.607.69—3.66——1.67—————
—————————————
P/S Ratio3.297.974.463.651.275.783.522.737.064.129.333.661.59
—+37.8%+26.7%+33.7%-82.0%+40.4%-62.3%-25.5%+343.5%+54.7%+222.6%-49.9%-79.9%
P/B Ratio0.510.910.720.880.891.671.381.252.971.843.681.390.55
—-45.1%-47.6%-29.8%-69.9%-9.5%-62.5%-10.1%+439.2%+200.0%+506.2%-10.1%-77.7%
P/FCF—————15.54———————
—————————————
EV / EBITDA7.631.334.01—2.22——1.40——73.9839.51—
———————-96.5%—————
EV / EBIT16.561.45——2.03——52.93—————
—————————————

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Bit Digital, Inc.'s operating margin was 472.5% in Q3 2025, up 426.8 pp QoQ and up 634.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 86.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 86.8% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Gross Margin61.9%59.6%48.6%49.1%80.9%31.9%47.6%46.8%38.1%23.9%37.3%37.5%22.6%
—+86.8%+2.0%+4.8%+112.2%+33.4%+27.6%+24.9%+69.0%-17.0%-38.0%-25.3%-64.9%
Operating Margin16.8%472.5%45.7%-208.6%35.2%-161.8%-40.0%155.2%-24.4%-60.6%-29.3%-37.0%-804.3%
—+392.0%+214.4%-234.4%+244.5%-167.1%-36.4%+519.7%+97.0%+61.6%+85.2%+49.9%-1287.6%
Net Margin17.3%502.8%58.0%-229.9%35.4%-170.8%-41.3%164.8%-12.6%-62.1%-26.9%-27.3%-805.6%
—+394.3%+240.4%-239.5%+380.9%-175.0%-53.8%+702.7%+98.4%+60.9%+86.4%+45.9%-1043.2%

Return on Capital

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
ROE9.2%18.0%2.8%-13.1%7.4%-12.7%-4.3%24.0%-1.6%-7.4%-2.7%-2.6%-50.5%
—+241.4%+166.4%-154.7%+570.8%-72.6%-57.0%+1038.0%+96.9%+16.2%+74.5%+1.7%-643.0%
ROA7.8%16.3%2.5%-11.3%6.3%-11.2%-3.9%20.8%-1.4%-6.9%-2.5%-2.3%-47.3%
—+244.9%+162.5%-154.1%+566.7%-63.3%-56.3%+988.1%+97.1%+18.7%+75.3%+5.3%-627.3%
ROIC6.5%12.1%1.6%-8.6%5.4%-8.8%-3.0%16.5%-2.2%-5.4%-2.2%-2.6%-37.8%
—+237.1%+152.3%-152.5%+340.3%-63.3%-36.7%+735.0%+94.1%+17.7%+72.3%+9.0%-801.9%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Bit Digital, Inc.'s Debt/EBITDA ratio is 0.3x, down from 2.2x last quarter — comfortably within a safe range. The current ratio has improved 232.5% YoY to 17.53x, strengthening the short-term liquidity position.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Debt / Equity0.030.040.070.030.030.040.020.020.04————
—+11.7%+286.1%+54.7%-26.8%————————
Debt / EBITDA0.230.272.19—0.37——0.11—————
—————————————
Current Ratio5.3917.537.823.905.395.2721.0512.273.0429.6110.3127.948.65
—+232.5%-62.8%-68.2%+77.5%-82.2%+104.1%-56.1%-64.9%+49.8%-46.1%+74.0%-54.8%
Quick Ratio5.3917.537.823.905.395.2721.0512.273.0429.6110.3127.948.65
—+232.5%-62.8%-68.2%+77.5%-82.2%+104.1%-56.1%-64.9%+49.8%-46.1%+74.0%-54.8%
Interest Coverage—————————————
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 36 years · Updated daily

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Frequently Asked Questions

What is Bit Digital, Inc.'s quarterly P/E ratio trend?

Bit Digital, Inc.'s current P/E is 8.3x. The average P/E over the last 3 quarters is 4.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Bit Digital, Inc.'s margins change by quarter?

Bit Digital, Inc.'s current operating margin is 16.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at BTBT quarterly ratios instead of annual?

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 Bit Digital, Inc.'s business trajectory between earnings reports.

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