8-K Announcements
6Dec 12, 2024·SEC
Dec 9, 2024·SEC
Nov 15, 2024·SEC
BTC Digital Ltd. (BTCT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BTC Digital Ltd. (BTCT) stock price & volume — 10-year historical chart
BTC Digital Ltd. (BTCT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
BTC Digital Ltd. (BTCT) competitors in Consumer Learning Platforms and Apps — business model, growth, and fundamentals comparison
BTC Digital Ltd. (BTCT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BTC Digital Ltd. (BTCT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.42B | 1.45B | 897.03M | 729M | 81.6M | 9.07M | 11.68M | 48.03M |
| Revenue Growth % | - | 1.66% | -38.05% | -18.73% | -88.81% | -88.88% | 28.68% | 290.47% |
| Cost of Goods Sold | 628M | 755.36M | 607.08M | 483.7M | 69.41M | 10.21M | 11.56M | 57.05M |
| COGS % of Revenue | 44.09% | 52.17% | 67.68% | 66.35% | 85.06% | 112.51% | 99.02% | - |
| Gross Profit | 796.24M▲ 0% | 692.54M▼ 13.0% | 289.96M▼ 58.1% | 245.29M▼ 15.4% | 12.19M▼ 95.0% | -1.14M▼ 109.3% | 115K▲ 110.1% | -9.02M▲ 0% |
| Gross Margin % | 55.91% | 47.83% | 32.32% | 33.65% | 14.94% | -12.51% | 0.98% | -18.78% |
| Gross Profit Growth % | - | -13.02% | -58.13% | -15.4% | -95.03% | -109.31% | 110.13% | - |
| Operating Expenses | 736.74M | 914.45M | 662.62M | 602.75M | 4.97M | 1.35M | 2.79M | 28.22M |
| OpEx % of Revenue | 51.73% | 63.16% | 73.87% | 82.68% | 6.09% | 14.84% | 23.92% | - |
| Selling, General & Admin | 718.37M | 887.89M | 658.87M | 1.06M | 4.97M | 1.35M | 2.79M | 28.22M |
| SG&A % of Revenue | 50.44% | 61.32% | 73.45% | 0.15% | 6.09% | 14.84% | 23.92% | - |
| Research & Development | 26.18M | 32.33M | 4.88M | 2.89M | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 1.84% | 2.23% | 0.54% | 0.4% | - | - | - | - |
| Other Operating Expenses | 1.65M | -5.77M | -1.13M | 598.8M | 0 | 0 | 0 | 0 |
| Operating Income | 51.69M▲ 0% | -227.68M▼ 540.5% | -8.16M▲ 96.4% | -6.76M▲ 17.1% | 7.22M▲ 206.8% | -2.48M▼ 134.3% | -2.68M▼ 7.9% | -37.24M▲ 0% |
| Operating Margin % | 3.63% | -15.72% | -0.91% | -0.93% | 8.85% | -27.34% | -22.94% | -77.53% |
| Operating Income Growth % | - | -540.5% | 96.42% | 17.11% | 206.82% | -134.35% | -7.94% | - |
| EBITDA | 106.63M | -34.4M | 19.61M | 10.55M | 12.74M | 670K | 1M | -21.16M |
| EBITDA Margin % | 7.49% | -2.38% | 2.19% | 1.45% | 15.62% | 7.38% | 8.59% | -44.07% |
| EBITDA Growth % | - | -132.26% | 157.01% | -46.2% | 20.8% | -94.74% | 49.7% | -2001.51% |
| D&A (Non-Cash Add-back) | 54.94M | 193.28M | 27.77M | 17.31M | 5.52M | 3.15M | 3.68M | 16.07M |
| EBIT | 9.87M | -30.44M | -1.8M | -1.9M | 987K | -2.76M | -1.94M | -36.78M |
| Net Interest Income | 166.01K | -117.2K | 765 | -324K | -20K | -62K | -48K | 976.66K |
| Interest Income | 1.15M | 1.63M | 765 | 53K | 0 | 1K | 0 | 0 |
| Interest Expense | 8K | 2.45M | 0 | 377K | 20K | 63K | 48K | 33K |
| Other Income/Expense | -41.82M | 196.88M | -3.63M | -5.34M | -46.48M | -343K | 689K | 1.75M |
| Pretax Income | 67.9M▲ 0% | -215.46M▼ 417.3% | -11.79M▲ 94.5% | -12.1M▼ 2.6% | -39.26M▼ 224.4% | -2.82M▲ 92.8% | -1.99M▲ 29.6% | -35.49M▲ 0% |
| Pretax Margin % | 4.77% | -14.88% | -1.31% | -1.66% | -48.11% | -31.13% | -17.04% | -73.89% |
| Income Tax | 14.45M | 9.61M | 0 | 0 | -45.92M | 0 | 0 | 0 |
| Effective Tax Rate % | 21.29% | -4.46% | 0% | 0% | 116.99% | 0% | 0% | 0% |
| Net Income | 57.25M▲ 0% | -219.4M▼ 483.2% | -410.99M▼ 87.3% | -384.3M▲ 6.5% | 53.01M▲ 113.8% | -2.82M▼ 105.3% | -1.99M▲ 29.6% | -35.49M▲ 0% |
| Net Margin % | 4.02% | -15.15% | -45.82% | -52.72% | 64.97% | -31.13% | -17.04% | -73.89% |
| Net Income Growth % | - | -483.21% | -87.32% | 6.49% | 113.79% | -105.33% | 29.57% | -1461.99% |
| Net Income (Continuing) | 7.77M | -32.17M | -11.79M | -12.1M | 6.67M | -2.82M | -1.99M | -35.49M |
| Discontinued Operations | 1 | 0 | -400.99M | -374.19M | 32.21M | 0 | 0 | 0 |
| Minority Interest | 23.74M | 17.93M | 16.13M | 14.13M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 12.12▲ 0% | -54.41▼ 548.9% | -74.90▼ 37.7% | -5.11▲ 93.2% | 15.10▲ 395.5% | -0.04▼ 100.3% | -0.01▲ 60.8% | -5.00▲ 0% |
| EPS Growth % | - | -548.93% | -37.66% | 93.18% | 395.5% | -100.25% | 60.85% | -22114.41% |
| EPS (Basic) | 12.48 | -54.41 | -88.60 | -4.51 | 0.94 | -0.04 | -0.01 | - |
| Diluted Shares Outstanding | 195.82K | 201.63K | 274.34K | 2.16M | 2.81M | 3.74M | 6.74M | 7.09M |
| Basic Shares Outstanding | 236.19K | 201.63K | 231.92K | 2.16M | 2.81M | 3.74M | 6.74M | 7.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
BTC Digital Ltd. (BTCT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 383.75M | 317.66M | 232.82M | 389.74M | 96.94M | 8.94M | 24.55M | 149.25M |
| Cash & Short-Term Investments | 174.68M | 140.13M | 90.11M | 168.4M | 333K | 43K | 14.9M | 54.3M |
| Cash Only | 174.68M | 140.13M | 90.11M | 168.4M | 333K | 43K | 14.9M | 45.83M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.46M |
| Accounts Receivable | 13.08M | 9.12M | 9.05M | 15.47M | 8.9M | 5.49M | 5.68M | 32.58M |
| Days Sales Outstanding | 3.35 | 2.3 | 3.68 | 7.75 | 39.82 | 220.66 | 177.48 | 138.64 |
| Inventory | 108.88M | 108.21M | 9.25M | 121.22M | 22.32M | 0 | 0 | 0 |
| Days Inventory Outstanding | 63.28 | 52.29 | 5.56 | 91.47 | 117.39 | - | - | -0.15 |
| Other Current Assets | 10.19M | 52.47M | 118.76M | 73.66M | 61.38M | 803K | 1.38M | 62.37M |
| Total Non-Current Assets | 622.99M | 1.15B | 866.01M | 495.63M | 112.34M | 15.6M | 16.58M | 119.09M |
| Property, Plant & Equipment | 214.94M | 715.27M | 469.45M | 191.43M | 92.44M | 12.7M | 12.55M | 88.65M |
| Fixed Asset Turnover | 6.63x | 2.02x | 1.91x | 3.81x | 0.88x | 0.71x | 0.93x | 0.95x |
| Goodwill | 276.9M | 302.16M | 274.57M | 192.96M | 0 | 0 | 0 | 0 |
| Intangible Assets | 36.9M | 24.97M | 19.34M | 14.68M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 23.43M | 26.08M | 24.55M | 24.4M | 19.9M | 2.9M | 4.02M | 69.33M |
| Other Non-Current Assets | 66.75M | 73.22M | 71.11M | 46.17M | 0 | 0 | 0 | 0 |
| Total Assets | 1.01B▲ 0% | 1.46B▲ 45.4% | 1.1B▼ 24.9% | 885.37M▼ 19.4% | 209.28M▼ 76.4% | 24.54M▼ 88.3% | 41.13M▲ 67.6% | 268.34M▲ 0% |
| Asset Turnover | 1.41x | 0.99x | 0.82x | 0.82x | 0.39x | 0.37x | 0.28x | 0.32x |
| Asset Growth % | - | 45.38% | -24.92% | -19.43% | -76.36% | -88.27% | 67.58% | 2061.92% |
| Total Current Liabilities | 1.04B | 1.27B | 1.17B | 714.85M | 76.31M | 5.1M | 893K | 1.98M |
| Accounts Payable | 2.03M | 2.25M | 2.6M | 0 | 3.46M | 128K | 115K | 1.1M |
| Days Payables Outstanding | 1.18 | 1.09 | 1.57 | - | 18.17 | 4.58 | 3.63 | 3.71 |
| Short-Term Debt | 11.79M | 13.15M | 184.09M | 6M | 6M | 125K | 484K | 0 |
| Deferred Revenue (Current) | 859.52M | 902.68M | 111.46M | 552.76M | 0 | 792K | 124K | 413K |
| Other Current Liabilities | 876.41M | 316.7M | 718.49M | 107.35M | 60.11M | 0 | 0 | 0 |
| Current Ratio | 0.37x | 0.25x | 0.20x | 0.55x | 1.27x | 1.75x | 27.49x | 27.49x |
| Quick Ratio | 0.26x | 0.16x | 0.19x | 0.38x | 0.98x | 1.75x | 27.49x | 27.49x |
| Cash Conversion Cycle | 65.45 | 53.5 | 7.68 | - | 139.04 | - | - | 134.78 |
| Total Non-Current Liabilities | 82.07M | 434.31M | 288.71M | 21.01M | 0 | 0 | 320K | 2.01M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 47.68M | 30.68M | 59.82M | 0 | 0 | 320K | 4.36M |
| Deferred Tax Liabilities | 23.1M | 2.01M | 1.17M | 4.43M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -11.17M | 384.62M | 249.68M | -78.79M | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.12B | 1.71B | 1.46B | 848.79M | 76.31M | 5.1M | 1.21M | 3.99M |
| Total Debt | 0 | 567.77M | 345.92M | 101.64M | 6M | 125K | 853K | 2.35M |
| Net Debt | -174.68M | 427.64M | 255.8M | -66.76M | 5.67M | 82K | -14.05M | -43.48M |
| Debt / Equity | - | - | - | 2.78x | 0.05x | 0.01x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | 17.64x | 9.63x | 0.47x | 0.19x | 0.85x | -0.11x |
| Net Debt / EBITDA | -1.64x | - | 13.04x | -6.33x | 0.44x | 0.12x | -14.00x | -14.00x |
| Interest Coverage | 1233.95x | -12.41x | - | -5.04x | 49.35x | -43.83x | -40.44x | -1114.40x |
| Total Equity | -114.6M▲ 0% | -242.94M▼ 112.0% | -362.54M▼ 49.2% | 36.58M▲ 110.1% | 132.97M▲ 263.6% | 19.44M▼ 85.4% | 39.92M▲ 105.3% | 264.35M▲ 0% |
| Equity Growth % | - | -111.98% | -49.23% | 110.09% | 263.57% | -85.38% | 105.31% | 2574.49% |
| Book Value per Share | -585.23 | -1204.86 | -1321.52 | 16.93 | 47.34 | 5.20 | 5.92 | 37.28 |
| Total Shareholders' Equity | -138.34M | -260.87M | -378.68M | 22.44M | 132.97M | 19.44M | 39.92M | 264.35M |
| Common Stock | 219K | 219K | 37K | 217K | 434.51K | 121K | 368K | 3.1M |
| Retained Earnings | -305.86M | -525.26M | -936.25M | -1.32B | -1.27B | -186.6M | -188.59M | -1.39B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -146.08M | 0 | -60.34M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 23.74M | 17.93M | 16.13M | 14.13M | 0 | 0 | 0 | 0 |
BTC Digital Ltd. (BTCT) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 78.53M | -21.57M | -343.22M | -459.3M | -214.13M | 3.81M | 1.56M | 1.56M |
| Operating CF Margin % | 5.51% | -1.49% | -38.26% | -63% | -262.41% | 41.97% | 13.34% | - |
| Operating CF Growth % | - | -127.47% | -1491.11% | -33.82% | 53.38% | 101.78% | -59.11% | -1466.47% |
| Net Income | 53.45M | -225.07M | -63.18M | -386.3M | 5.64M | -2.82M | -1.99M | -35.49M |
| Depreciation & Amortization | 54.94M | 193.28M | 27.77M | 17.31M | 5.52M | 3.15M | 3.68M | 3.89M |
| Stock-Based Compensation | 7.65M | 96.66M | 8M | 3.66M | 849K | 138K | 571K | 1.83M |
| Deferred Taxes | -6.27M | -9.14M | -2.79M | -20.65M | 59K | 0 | 0 | 0 |
| Other Non-Cash Items | -4.39M | -1.36M | -29.12M | -23.92M | -2.28M | 311K | -743K | -600K |
| Working Capital Changes | -26.85M | -75.94M | -283.9M | -49.41M | -223.92M | 3.03M | 37K | -5.31M |
| Change in Receivables | -916K | -42.17M | -22.13M | -24.58M | -71.22M | 3.42M | 8K | -4.11M |
| Change in Inventory | 31.92M | -76.23M | -77.56M | -102.59M | -18.25M | 2.69M | 0 | 0 |
| Change in Payables | 5.45M | 10.81M | 1.27M | -849K | 22.68M | -3.33M | -13K | 25K |
| Cash from Investing | -74.79M | -89.16M | -680K | -71.94M | -16.25M | -4.62M | -7M | -6.75M |
| Capital Expenditures | -64.37M | -86.47M | -25.65M | -73.05M | -61.21M | -2.5M | -2.74M | -1.22M |
| CapEx % of Revenue | 4.52% | 5.97% | 2.86% | 10.02% | 75.02% | 27.57% | 23.5% | - |
| Acquisitions | -91.73M | -39.24M | 22.75M | 0 | -29.88M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 27.35M | 36.55M | 1.73M | 1.11M | 74.85M | -2.12M | -4.26M | -5.54M |
| Cash from Financing | -142.63M | 73M | 292.64M | 608.02M | 53.46M | 807K | 20.3M | 18.46M |
| Debt Issued (Net) | 0 | 13.15M | 6.41M | -20.07M | 0 | -745K | 359K | -17.02K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 6.46M | 1.55M | 19.94M | 19.48M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -20.73M | 59.85M | 286.23M | 628.08M | 47M | 0 | 0 | -1M |
| Net Change in Cash | -138.89M▲ 0% | -37.73M▲ 72.8% | -51.26M▼ 35.8% | 76.77M▲ 249.8% | -176.91M▼ 330.4% | -5K▲ 100.0% | -43K▼ 760.0% | -287K▲ 0% |
| Free Cash Flow | 14.16M▲ 0% | -108.04M▼ 862.8% | -368.87M▼ 241.4% | -532.35M▼ 44.3% | -275.34M▲ 48.3% | 1.31M▲ 100.5% | -1.19M▼ 190.8% | -6.81M▲ 0% |
| FCF Margin % | 0.99% | -7.46% | -41.12% | -73.03% | -337.43% | 14.41% | -10.17% | -14.19% |
| FCF Growth % | - | -862.78% | -241.42% | -44.32% | 48.28% | 100.47% | -190.82% | -117.32% |
| FCF per Share | 72.33 | -535.82 | -1344.58 | -246.37 | -98.03 | 0.35 | -0.18 | -0.18 |
| FCF Conversion (FCF/Net Income) | 1.37x | 0.10x | 0.84x | 1.20x | -4.04x | -1.35x | -0.78x | 0.19x |
| Interest Paid | 1.16K | 0 | 791.48K | 376.52K | 23K | 0 | 21K | 34K |
| Taxes Paid | 4.23M | 0 | 42.7K | 16.47K | 104K | 0 | 0 | 0 |
BTC Digital Ltd. (BTCT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -1050.71% | 62.53% | -3.71% | -6.7% | -23.96% |
| Return on Invested Capital (ROIC) | -92.45% | -15.7% | - | 9.99% | -2.35% | -8.85% | -8.85% |
| Gross Margin | 47.83% | 32.32% | 33.65% | 14.94% | -12.51% | 0.98% | -18.78% |
| Net Margin | -15.15% | -45.82% | -52.72% | 64.97% | -31.13% | -17.04% | -73.89% |
| Debt / Equity | - | - | 2.78x | 0.05x | 0.01x | 0.02x | 0.02x |
| Interest Coverage | -12.41x | - | -5.04x | 49.35x | -43.83x | -40.44x | -1114.40x |
| FCF Conversion | 0.10x | 0.84x | 1.20x | -4.04x | -1.35x | -0.78x | 0.19x |
| Revenue Growth | 1.66% | -38.05% | -18.73% | -88.81% | -88.88% | 28.68% | 290.47% |
BTC Digital Ltd. (BTCT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Dec 12, 2024·SEC
Dec 9, 2024·SEC
Nov 15, 2024·SEC
Apr 15, 2024·SEC
BTC Digital Ltd. (BTCT) stock FAQ — growth, dividends, profitability & financials explained
BTC Digital Ltd. (BTCT) reported $48.0M in revenue for fiscal year 2024. This represents a 97% decrease from $1.42B in 2018.
BTC Digital Ltd. (BTCT) grew revenue by 28.7% over the past year. This is strong growth.
BTC Digital Ltd. (BTCT) reported a net loss of $35.5M for fiscal year 2024.
BTC Digital Ltd. (BTCT) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.
BTC Digital Ltd. (BTCT) had negative free cash flow of $6.8M in fiscal year 2024, likely due to heavy capital investments.
BTC Digital Ltd. (BTCT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates