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BTC Digital Ltd.(BTCT)Earnings, Financials & Key Ratios
BTCT•NASDAQ
Price updated Jun 17, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryConsumer Learning Platforms and Apps
AboutBTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.Show more
- Revenue$12M+28.7%
- EBITDA$1M+49.7%
- Net Income-$2M+29.6%
- EPS (Diluted)-0.01+60.8%
- Gross Margin0.98%+107.9%
- EBITDA Margin8.59%+16.3%
- Operating Margin-22.94%+16.1%
- Net Margin-17.04%+45.3%
- ROE-6.7%-80.9%
BTCT Key Insights
BTC Digital Ltd. (BTCT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y profit CAGR of 61.0%
- ✓Good 3Y average ROE of 17.4%
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Sales declining 61.9% over 5 years
- ✗Shares diluted 80.4% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BTCT Price & Volume
BTC Digital Ltd. (BTCT) stock price & volume — 10-year historical chart
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BTCT Growth Metrics
BTC Digital Ltd. (BTCT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-61.87%
3 Years-74.79%
TTM290.47%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-1461.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-22114.41%
Return on Capital
10 Years-53.67%
5 Years-7.07%
3 Years-2.49%
Last Year-8.97%
BTCT Peer Comparison
BTC Digital Ltd. (BTCT) competitors in Consumer Learning Platforms and Apps — 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 | 5.31B | 13.92 | -3.77 | 38.2% | -234.83% | -51.65% | 1.05 | |
 RIOT | 10.4B | 27.43 | -14.07 | 71.89% | -132.76% | -28.78% | 0.10 | |
 CLSK | 4.31B | 16.78 | 14.98 | 102.21% | -67.66% | -29.93% | 0.38 | |
 CIFR | 10.7B | 26.35 | -12.26 | 48.04% | -5.13% | -115.53% | 3.31 | |
 IREN | 20.74B | 58.11 | 149 | 167.65% | 31.71% | 9.12% | 0.53 | |
 HUT | 13.39B | 118.88 | -55.55 | -90.71% | -17.66% | 0.25 | ||
 BITF | 1.29B | 2.16 | -16.62 | 18.87% | -197.58% | -69.94% | 1.22 | |
 CORZ | 9.02B | 28.38 | -32.25 | -37.53% | -342.93% |
Compare BTCT vs Peers
BTC Digital Ltd. (BTCT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BTCT Income Statement
BTC Digital Ltd. (BTCT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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 | - | - | - | - | - | - | - | - |
BTCT Balance Sheet
BTC Digital Ltd. (BTCT) balance sheet — assets, liabilities & shareholders' equity
| Metric | 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 | 75.21x |
Quick Ratio | 0.26x | 0.16x | 0.19x | 0.38x | 0.98x | 1.75x | 27.49x | 75.21x |
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 | 0.01x |
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 | 2.05x |
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 |
BTCT Cash Flow Statement
BTC Digital Ltd. (BTCT) cash flow — operating, investing & free cash flow history
| Metric | 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 | -5.6M |
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% | 2.53% |
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 | -0.96 |
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 |
BTCT Key Ratios
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% | -22.73% |
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 | 0.01x |
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% |
Related:BTCT Dividend History·BTCT Revenue History·BTCT Price History·BTCT P/E History·BTCT Financial Ratios·BTCT Institutional Holders
BTCT SEC Filings & Documents
BTC Digital Ltd. (BTCT) SEC filings — annual & quarterly reports (10-K, 10-Q)
BTCT Frequently Asked Questions
BTC Digital Ltd. (BTCT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
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.
Dividend & Returns
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.