← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

BTOG logoBIT ORIGIN Ltd(BTOG)Earnings, Financials & Key Ratios

BTOG•NASDAQ
$2.12
$16M mkt cap·Price updated May 6, 2026
SectorConsumer DefensiveIndustryPackaged FoodsSub-IndustryFood ingredients and pet food
AboutBit Origin Limited engages in the wholesale and retail of feed raw material in China. It distributes feed raw materials consisting of soybean meal and soybean oil. The company sells its products to animal husbandry businesses, feed solution manufacturers, and trading companies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Limited in April 2022. Bit Origin Limited was incorporated in 2018 and is headquartered in Chongqing, China.Show more
  • Revenue$3M-53.9%
  • EBITDA-$14M+39.3%
  • Net Income-$18M+37.9%
  • EPS (Diluted)-3.34+61.2%
  • Gross Margin-32.72%+55.1%
  • EBITDA Margin-482.52%-31.7%
  • Operating Margin-513.71%-13.6%
  • Net Margin-607.06%-34.7%
  • ROE-313.89%-149.8%
  • ROIC-131.02%-50.2%
  • Debt/Equity5.68+2706.4%
  • Interest Coverage-29.81+76.1%
Technical→

BTOG Key Insights

BIT ORIGIN Ltd (BTOG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 98 (top 2%)
  • ✓Healthy 5Y average net margin of 155.6%

✗Weaknesses

  • ✗High debt to equity ratio of 5.7x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 51.0% over 5 years
  • ✗Shares diluted 59.9% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BTOG Price & Volume

BIT ORIGIN Ltd (BTOG) stock price & volume — 10-year historical chart

Loading chart...

BTOG Growth Metrics

BIT ORIGIN Ltd (BTOG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-51.03%
3 Years-
TTM111.79%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-28.71%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-457.84%

Return on Capital

10 Years-25.75%
5 Years-75.67%
3 Years-118.82%
Last Year-198.59%

BTOG Peer Comparison

BIT ORIGIN Ltd (BTOG) competitors in Food ingredients and pet food — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MARA logoMARAMarathon Digital Holdings, Inc.Direct Competitor4.95B13.03-3.5338.2%-30.54%1.05
RIOT logoRIOTRiot Platforms, Inc.Direct Competitor8.98B23.68-12.1471.89%-28.78%0.10
CLSK logoCLSKCleanSpark, Inc.Direct Competitor3.71B14.5012.95102.21%-33.25%-13.75%0.38
CIFR logoCIFRCipher Mining Inc.Direct Competitor8.89B21.91-10.1948.04%-115.53%3.31
IREN logoIRENIREN LimitedDirect Competitor20.26B60.98156.36167.65%-0.64%0.53
HUT logoHUTHut 8 Corp.Product Competitor12.08B108.94-50.91-90.71%-17.66%0.25
BTBT logoBTBTBit Digital, Inc.Product Competitor621.7M1.939.65264.59%21.41%0.03
BITF logoBITFBitfarms Ltd.Product Competitor1.29B2.16-16.6231.78%-21.32%0.04

Compare BTOG vs Peers

BIT ORIGIN Ltd (BTOG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for BTOG.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare BTOG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

BTOG Income Statement

BIT ORIGIN Ltd (BTOG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24TTM
Sales/Revenue34.63M63.28M101.1M102.55M110.55M0192.35K6.26M2.89M7.09M
Revenue Growth %-82.73%59.78%1.43%7.81%-100%-3154.99%-53.87%111.79%
Cost of Goods Sold29.68M58.21M91.45M93.54M103.37M0403.38K10.83M3.83M10.42M
COGS % of Revenue85.7%91.99%90.45%91.22%93.51%-209.71%172.93%132.76%-
Gross Profit
4.95M▲ 0%
5.07M▲ 2.3%
9.65M▲ 90.5%
9M▼ 6.7%
7.18M▼ 20.3%
0▼ 100.0%
-211.03K▲ 0%
-4.57M▼ 2063.6%
-945K▲ 79.3%
-3.34M▲ 0%
Gross Margin %14.3%8.01%9.55%8.78%6.49%--109.71%-72.93%-32.72%-47.07%
Gross Profit Growth %-2.32%90.47%-6.74%-20.25%-100%--2063.64%79.3%-
Operating Expenses2.22M1.55M4.12M3.47M6.66M3.47M5.9M23.74M13.89M39.51M
OpEx % of Revenue6.42%2.44%4.07%3.38%6.03%-3066.11%379.16%480.99%-
Selling, General & Admin2.02M1.37M1.69M2.72M2.79M3.47M5.85M6.26M5.02M11.5M
SG&A % of Revenue5.82%2.17%1.67%2.66%2.53%-3039.88%99.92%173.88%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses2.71K1.78K-18.6K743.99K3.87M050.46K17.48M8.87M4M
Operating Income
2.73M▲ 0%
3.52M▲ 29.1%
7.04M▲ 100.0%
5.54M▼ 21.4%
-203K▼ 103.7%
-3.47M▼ 1611.4%
-6.11M▼ 75.8%
-28.3M▼ 363.4%
-14.84M▲ 47.6%
-43.1M▲ 0%
Operating Margin %7.88%5.57%6.97%5.4%-0.18%--3175.82%-452.08%-513.71%-608.04%
Operating Income Growth %-29.06%99.97%-21.41%-103.67%-1611.44%-75.83%-363.35%47.59%-
EBITDA3.32M4.05M7.59M6.06M378.7K-3.47M-5.83M-22.94M-13.94M-44.54M
EBITDA Margin %9.58%6.41%7.5%5.91%0.34%--3031.94%-366.44%-482.52%-628.33%
EBITDA Growth %-22.18%87.12%-20.15%-93.75%-1015.69%-68.18%-293.4%39.26%-347.94%
D&A (Non-Cash Add-back)588.67K531.63K542.19K521.92K581.7K6.51K276.76K5.36M900.94K-560.06K
EBIT3.45M4M7.04M6.09M-3.8M-3.47M-6.11M-27.99M-17.79M-17.81M
Net Interest Income250.5K73.47K-893.51K-839K-482K-156.05K-54.14K-227K-497.77K-1.31M
Interest Income793K741.22K388.78K2.2K3.05K0000312.19K
Interest Expense542.49K667.75K1.28M841.13K529.51K156.05K54.14K227.38K497.77K1.44M
Other Income/Expense182.72K-191K-2.56M-957K-2.9M-165.79K766.05K88.29K-3.45M-5.04M
Pretax Income
2.91M▲ 0%
3.33M▲ 14.4%
4.48M▲ 34.6%
5.24M▲ 16.9%
-2.38M▼ 145.4%
-3.64M▼ 52.9%
-5.34M▼ 46.8%
-28.22M▼ 428.1%
-18.29M▲ 35.2%
-48.13M▲ 0%
Pretax Margin %8.41%5.26%4.43%5.11%-2.15%--2777.57%-450.66%-633.14%-679.09%
Income Tax727.95K875.74K714.38K213.65K223.17K00000
Effective Tax Rate %25%26.29%15.94%4.08%-9.38%0%0%0%0%0%
Net Income
2.18M▲ 0%
2.46M▲ 12.4%
3.77M▲ 53.5%
4.36M▲ 15.8%
-4.4M▼ 200.8%
-45.61M▼ 936.7%
3.24M▲ 107.1%
-28.22M▼ 971.0%
-17.53M▲ 37.9%
-47.35M▲ 0%
Net Margin %6.31%3.88%3.73%4.26%-3.98%-1684.1%-450.66%-607.06%-668.09%
Net Income Growth %-12.41%53.48%15.82%-200.81%-936.69%107.1%-971.03%37.87%-28.71%
Net Income (Continuing)2.18M2.46M3.77M5.03M-3.37M-3.64M-5.34M-28.22M-18.29M-48.13M
Discontinued Operations0004.87M0-43.44M3.18M000
Minority Interest00003.02M1.6M00-753.06K-766.8K
EPS (Diluted)
2.75▲ 0%
3.10▲ 12.7%
4.75▲ 53.2%
5.50▲ 15.8%
-3.48▼ 163.3%
-1.96▲ 43.7%
0.03▲ 101.6%
-8.61▼ 28054.5%
-3.34▲ 61.2%
-5.78▲ 0%
EPS Growth %-12.73%53.23%15.79%-163.27%43.68%101.57%-28054.55%61.21%-457.84%
EPS (Basic)2.753.104.755.50-3.48-1.960.03-8.61-3.34-
Diluted Shares Outstanding793.05K793.05K793.05K793.05K747.25K1.11M2.02M3.28M5.24M8.19M
Basic Shares Outstanding793.05K793.05K793.05K793.05K903.14K1.11M2.02M3.28M5.24M8.19M
Dividend Payout Ratio----------

BTOG Balance Sheet

BIT ORIGIN Ltd (BTOG) balance sheet — assets, liabilities & shareholders' equity

Line itemJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24TTM
Total Current Assets7.64M22.13M29.04M45.7M50.28M32.52M5.75M3.57M6.68M4.03M
Cash & Short-Term Investments51.85K21.53K308.03K3.22M1.53M7.6K17.8K16.27K1.41M208.44K
Cash Only51.85K21.53K308.03K3.22M1.53M7.6K17.8K16.27K1.41M29.76K
Short-Term Investments000000000178.69K
Accounts Receivable6.24M19.25M26.9M39.76M9.88M11.14M4.42M468.17K5.08M2.83M
Days Sales Outstanding65.78111.0697.12141.5332.61-8.39K27.29641.49126.56
Inventory1.14M282.47K2.73K112.64K-148.89K229.39K1.17M000
Days Inventory Outstanding14.011.770.010.44--1.06K--1.61
Other Current Assets1.82M01.83M2.41M39.02M21.01M121.26K2.08M-1.82M0
Total Non-Current Assets7.77M4.89M4.68M5.65M13.07M8.35M29.2M9.76M00
Property, Plant & Equipment4.9M4.29M3.96M4.55M6.18M4.39K8.03M7.37M00
Fixed Asset Turnover7.07x14.74x25.52x22.54x17.88x-0.02x0.85x-3.04x
Goodwill00005.19M00000
Intangible Assets515.67K493.17K492.33K462.74K437.99K0299.63K000
Long-Term Investments2.3M9.62K9.95K9.6K39.69K03M2.39M04.78M
Other Non-Current Assets000640.45K579.45K6.02M17.88M000
Total Assets
15.41M▲ 0%
27.02M▲ 75.3%
33.73M▲ 24.9%
51.35M▲ 52.2%
63.35M▲ 23.4%
40.88M▼ 35.5%
34.95M▼ 14.5%
13.34M▼ 61.8%
6.68M▼ 49.9%
4.03M▲ 0%
Asset Turnover2.25x2.34x3.00x2.00x1.75x-0.01x0.47x0.43x0.76x
Asset Growth %-75.27%24.85%52.24%23.36%-35.48%-14.49%-61.85%-49.87%-244.93%
Total Current Liabilities6.91M16.88M16.91M22.83M32.74M38.7M299.97K2.59M2.49M1.98M
Accounts Payable391.12K2.81M2.94M8.65M5.73M9.97M4.42M667.91K00
Days Payables Outstanding4.8117.6111.7433.7720.22-4K22.52-5.85
Short-Term Debt5.34M11.87M9.44M6.93M14.97M1.3M01.59M1.88M1.74M
Deferred Revenue (Current)1.13M106.52K685.6K736.62K1.29M4.32M4.4M000
Other Current Liabilities1.17M2.1M3.85M4.27M10.75M23.12M-4.4M331.05K0235.62K
Current Ratio1.11x1.31x1.72x2.00x1.54x0.84x19.18x1.38x2.68x2.68x
Quick Ratio0.94x1.29x1.72x2.00x1.54x0.83x15.27x1.38x2.68x2.68x
Cash Conversion Cycle74.9895.2285.39108.2--5.45K--122.33
Total Non-Current Liabilities978.28K02.78M4M3.79M3.8M2.36M486.33K3.28M3.96M
Long-Term Debt978.28K0981.5K4M000486.33K3.28M3.96M
Capital Lease Obligations0000000000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities001.8M03.79M3.8M0000
Total Liabilities7.89M16.88M19.7M26.83M36.52M42.5M299.97K3.07M5.78M5.93M
Total Debt6.32M11.87M10.42M11.92M18.34M1.3M1.72M2.08M5.16M5.7M
Net Debt6.27M11.85M10.11M8.7M16.8M2.07M1.7M2.06M3.75M5.67M
Debt / Equity0.84x1.17x0.74x0.49x0.68x-0.05x0.20x5.68x5.68x
Debt / EBITDA1.91x2.93x1.37x1.97x48.42x-----0.13x
Net Debt / EBITDA1.89x2.92x1.33x1.44x44.37x-----0.13x
Interest Coverage5.03x5.27x5.49x6.58x-0.38x-22.26x-112.84x-124.49x-29.81x-12.34x
Total Equity
7.53M▲ 0%
10.13M▲ 34.6%
14.03M▲ 38.5%
24.53M▲ 74.8%
26.83M▲ 9.4%
-1.62M▼ 106.0%
34.65M▲ 2239.2%
10.26M▼ 70.4%
909.58K▼ 91.1%
-1.9M▲ 0%
Equity Growth %-34.58%38.51%74.76%9.38%-106.04%2239.21%-70.39%-91.14%-356.21%
Book Value per Share9.4912.7817.7030.9235.90-1.4617.193.130.17-0.23
Total Shareholders' Equity7.53M10.13M14.03M24.53M23.81M-3.22M34.65M10.26M1.66M-1.13M
Common Stock200K200K200K219.64K239.71K407.17K918.57K1.01M2.33M2.54M
Retained Earnings2.7M4.89M8.28M12.09M7.03M-38.57M-35.98M-64.2M-81.73M-84.54M
Treasury Stock0000000000
Accumulated OCI260.57K387.63K899.79K1.19M814.15K2.79M0000
Minority Interest00003.02M1.6M00-753.06K-766.8K

BTOG Cash Flow Statement

BIT ORIGIN Ltd (BTOG) cash flow — operating, investing & free cash flow history

Line itemJun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24TTM
Cash from Operations-685.33K-2.51M-3.6M-5.27M-5.91M-10.54M-14.29M-6.76M-7.93M-7.93M
Operating CF Margin %-1.98%-3.97%-3.56%-5.14%-5.35%--7428.85%-108%-274.56%-
Operating CF Growth %--266.8%-43.01%-46.52%-12.24%-78.35%-35.52%52.68%-17.27%73.59%
Net Income2.18M2.45M3.77M4.36M-4.4M-47.08M-2.17M-28.22M-18.28M-47.35M
Depreciation & Amortization588.67K531.63K542.19K689.53K581.7K6.51K276.76K5.36M900.94K5.26M
Stock-Based Compensation000743.99K930.22K1.89M1.62M67.27K73.23K106.87K
Deferred Taxes-51.97K-43.83K-126.94K213.65K-166.67K-1.58M000-5.5M
Other Non-Cash Items207.89K175.32K2.43M109.54K3.89M36.54M6.13M14.83M13.56M32.67M
Working Capital Changes-3.61M-5.63M-10.2M-11.39M-6.75M-314.67K-20.15M1.19M-4.17M-2.43M
Change in Receivables-1.7M-8.79M-12.06M-16.86M2.62M-6.7M-686.75K1.01M-2.98M-118.21K
Change in Inventory-362.01K829.95K291.59K167.86K318.48K-223.7K-192.35K0-2.68M0
Change in Payables-1.77M2.41M68.17K5.53M-4.21M3.61M294.81K667.91K-667.91K592.08K
Cash from Investing-204.15K-11.67K-89.35K1.19M159.06K0-11.31M4.27M1.02M6.55M
Capital Expenditures-204.15K-11.67K-89.35K-20.64K-700.4K0-8.3M-115.03K0-115.03K
CapEx % of Revenue0.59%0.02%0.09%0.02%0.63%-4316.53%1.84%--
Acquisitions00042.23K859.46K000250250
Investments----------
Other Investing0001.17M00-3.18K4.38M06.67M
Cash from Financing-613.76K2.5M3.99M6.65M4.08M8.5M25.99M2.49M8.3M7.9M
Debt Issued (Net)252K0-1.77M4.4M01.3M-54.14K2.36M3.75M-402.19K
Equity Issued (Net)001000K1000K01000K1000K01000K0
Dividends Paid0000000000
Share Repurchases0000000000
Other Financing-865.76K2.5M3.96M1.01M4.08M-1.79M-9M127.53K556.22K8.3M
Net Change in Cash
-1.45M▲ 0%
-30.32K▲ 97.9%
297.56K▲ 1081.5%
2.9M▲ 873.5%
-1.68M▼ 158.0%
-1.43M▲ 14.9%
387.98K▲ 127.1%
-1.53K▼ 100.4%
1.39M▲ 91073.0%
-3.47M▲ 0%
Free Cash Flow
-889.48K▲ 0%
-2.53M▼ 183.9%
-3.68M▼ 45.9%
-5.29M▼ 43.5%
-6.61M▼ 25.0%
-10.54M▼ 59.5%
-22.59M▼ 114.3%
-6.88M▲ 69.6%
-7.93M▼ 15.3%
-14.57M▲ 0%
FCF Margin %-2.57%-3.99%-3.64%-5.16%-5.98%--11745.39%-109.83%-274.56%-205.49%
FCF Growth %--183.93%-45.89%-43.52%-25.05%-59.46%-114.27%69.56%-15.31%42.17%
FCF per Share-1.12-3.18-4.65-6.67-8.85-9.53-11.21-2.10-1.51-1.51
FCF Conversion (FCF/Net Income)-0.31x-1.02x-0.95x-1.21x1.34x0.23x-4.41x0.24x0.45x0.31x
Interest Paid00000000270.17K261.65K
Taxes Paid0000000000

BTOG Key Ratios

BIT ORIGIN Ltd (BTOG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20172018201920202021202220232024TTM
Return on Equity (ROE)27.8%31.19%22.64%-17.13%-361.88%19.61%-125.64%-313.89%-1039.31%
Return on Invested Capital (ROIC)14.76%22.9%14.47%-0.4%-12.03%-25.44%-87.23%-131.02%-131.02%
Gross Margin8.01%9.55%8.78%6.49%--109.71%-72.93%-32.72%-47.07%
Net Margin3.88%3.73%4.26%-3.98%-1684.1%-450.66%-607.06%-668.09%
Debt / Equity1.17x0.74x0.49x0.68x-0.05x0.20x5.68x5.68x
Interest Coverage5.27x5.49x6.58x-0.38x-22.26x-112.84x-124.49x-29.81x-12.34x
FCF Conversion-1.02x-0.95x-1.21x1.34x0.23x-4.41x0.24x0.45x0.31x
Revenue Growth82.73%59.78%1.43%7.81%-100%-3154.99%-53.87%111.79%

BTOG Frequently Asked Questions

BIT ORIGIN Ltd (BTOG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

BIT ORIGIN Ltd (BTOG) reported $7.1M in revenue for fiscal year 2024. This represents a 80% decrease from $34.6M in 2016.

BIT ORIGIN Ltd (BTOG) saw revenue decline by 53.9% over the past year.

BIT ORIGIN Ltd (BTOG) reported a net loss of $47.4M for fiscal year 2024.

Dividend & Returns

BIT ORIGIN Ltd (BTOG) has a return on equity (ROE) of -313.9%. Negative ROE indicates the company is unprofitable.

BIT ORIGIN Ltd (BTOG) had negative free cash flow of $14.6M in fiscal year 2024, likely due to heavy capital investments.

Explore More BTOG

BIT ORIGIN Ltd (BTOG) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.