Bitfarms Financial Statements From 2010 to 2025

BITF Stock  USD 1.50  0.06  4.17%   
Bitfarms financial statements provide useful quarterly and yearly information to potential Bitfarms investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Bitfarms financial statements helps investors assess Bitfarms' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Bitfarms' valuation are summarized below:
Gross Profit
-32 M
Profit Margin
(0.68)
Market Capitalization
711 M
Enterprise Value Revenue
2.9399
Revenue
183 M
There are over one hundred nineteen available fundamental signals for Bitfarms, which can be analyzed over time and compared to other ratios. Active traders should verify all of Bitfarms prevailing fundamental drivers against the trend between 2010 and 2025 to make sure the company can sustain itself down the road.

Bitfarms Total Revenue

87.15 Million

Check Bitfarms financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bitfarms' main balance sheet or income statement drivers, such as Interest Expense of 7 M, Other Operating Expenses of 263.8 M or Minority Interest of 0.0, as well as many indicators such as Price To Sales Ratio of 6.3, Dividend Yield of 0.0 or PTB Ratio of 3.32. Bitfarms financial statements analysis is a perfect complement when working with Bitfarms Valuation or Volatility modules.
  
Check out the analysis of Bitfarms Correlation against competitors.
For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

Bitfarms Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets248.7 M435.5 M147.2 M
Slightly volatile
Other Current Liabilities62.9 M59.9 M12.6 M
Slightly volatile
Total Current Liabilities48.1 M79.5 M28 M
Slightly volatile
Total Stockholder Equity186.3 M339 M111.3 M
Slightly volatile
Other Liabilities2.2 M2.3 M1.6 M
Slightly volatile
Net Tangible Assets308.6 M293.9 M110 M
Slightly volatile
Property Plant And Equipment Net141 M230.4 M84.1 M
Slightly volatile
Accounts Payable7.2 M10.4 M5.8 M
Slightly volatile
Cash101.5 M96.6 M30.2 M
Slightly volatile
Non Current Assets Total160.2 M286.1 M96.5 M
Slightly volatile
Cash And Short Term Investments56.1 M96.6 M31.8 M
Slightly volatile
Net ReceivablesM642.6 K912.4 K
Pretty Stable
Common Stock Shares Outstanding161.1 M301.6 M110.6 M
Slightly volatile
Liabilities And Stockholders Equity248.7 M435.5 M147.2 M
Slightly volatile
Non Current Liabilities Total13.6 M17 M7.6 M
Slightly volatile
Inventory468.2 K810.8 K437.2 K
Slightly volatile
Other Current Assets40.2 M51.2 M22.5 M
Slightly volatile
Total Liabilities61.7 M96.6 M35.6 M
Slightly volatile
Net Invested Capital191.2 M343.6 M121.7 M
Slightly volatile
Total Current Assets88.5 M149.5 M50.7 M
Slightly volatile
Intangible Assets2.2 M4.3 M3.2 M
Slightly volatile
Common Stock640.1 M609.6 M165.9 M
Slightly volatile
Property Plant Equipment284.7 M271.2 M90.7 M
Slightly volatile
Short and Long Term Debt Total38 M22.9 M18.5 M
Slightly volatile
Current Deferred RevenueM1.3 M898.2 K
Slightly volatile
Non Currrent Assets Other54 M51.4 M10.7 M
Slightly volatile
Other Assets1.4 M1.5 M9.1 M
Slightly volatile
Long Term Debt3.3 M3.7 M2.3 M
Slightly volatile
Short and Long Term Debt4.4 M4.6 M9.6 M
Slightly volatile
Capital Stock640.1 M609.6 M166 M
Slightly volatile
Short Term Debt7.5 M7.9 M11 M
Slightly volatile
Capital Lease Obligations14.3 M18.2 M9.7 M
Slightly volatile
Property Plant And Equipment Gross286.2 M536.7 M174.9 M
Slightly volatile
Accumulated Other Comprehensive Income3.2 M3.4 M9.9 M
Slightly volatile

Bitfarms Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating Expenses263.8 M251.3 M71 M
Slightly volatile
Depreciation And Amortization104.3 M99.3 M32.2 M
Slightly volatile
Selling General Administrative29.6 M44.6 M18.3 M
Slightly volatile
Selling And Marketing Expenses300 K564.6 K278.7 K
Pretty Stable
Cost Of Revenue202.7 M193 M64 M
Slightly volatile
Total Operating Expenses33.8 M58.2 M20.4 M
Slightly volatile
Reconciled Depreciation102.4 M97.5 M32.1 M
Slightly volatile
Interest IncomeM1.6 M625.8 K
Slightly volatile

Bitfarms Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation104.3 M99.3 M28.6 M
Slightly volatile
Capital Expenditures91.6 M83.5 M84 M
Pretty Stable
Total Cash From Financing Activities90.4 M101.1 M75.2 M
Pretty Stable
End Period Cash Flow101.5 M96.6 M30.2 M
Slightly volatile
Stock Based Compensation14.2 M12.6 M16.2 M
Slightly volatile
Begin Period Cash Flow31.5 M35.5 M17.1 M
Slightly volatile
Issuance Of Capital Stock78.9 M125.4 M41.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
PTB Ratio3.322.983.0404
Very volatile
Book Value Per Share0.741.010.7288
Slightly volatile
Capex To Depreciation0.920.977.3707
Slightly volatile
PB Ratio3.322.983.0404
Very volatile
Inventory Turnover13421496.5808
Slightly volatile
Days Of Inventory On Hand1.671.7657.2525
Slightly volatile
Payables Turnover8.7616.646.5162
Slightly volatile
Cash Per Share0.230.40.2001
Slightly volatile
Days Payables Outstanding21.5622.7597
Slightly volatile
Intangibles To Total Assets0.01070.01120.0761
Slightly volatile
Current Ratio1.131.691.4415
Very volatile
Tangible Book Value Per Share0.711.00.6747
Slightly volatile
Graham Number1.732.851.6658
Slightly volatile
Shareholders Equity Per Share0.731.010.7225
Slightly volatile
Debt To Equity0.07370.07750.2688
Pretty Stable
Capex Per Share0.40.250.3676
Slightly volatile
Interest Debt Per Share0.10.110.1462
Slightly volatile
Debt To Assets0.05730.06030.1296
Pretty Stable
Price Book Value Ratio3.322.983.0404
Very volatile
Days Of Payables Outstanding21.5622.7597
Slightly volatile
Company Equity Multiplier1.91.481.5077
Slightly volatile
Long Term Debt To Capitalization0.01720.01810.0508
Very volatile
Total Debt To Capitalization0.0690.07260.1603
Pretty Stable
Debt Equity Ratio0.07370.07750.2688
Pretty Stable
Quick Ratio1.111.681.3964
Very volatile
Cash Ratio1.151.090.77
Pretty Stable
Days Of Inventory Outstanding1.671.7657.2525
Slightly volatile
Price To Book Ratio3.322.983.0404
Very volatile
Debt Ratio0.05730.06030.1296
Pretty Stable
Price Fair Value3.322.983.0404
Very volatile

Bitfarms Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap636.9 M716.5 M781.2 M
Slightly volatile
Enterprise Value604.5 M680 M741.4 M
Slightly volatile

Bitfarms Fundamental Market Drivers

Forward Price Earnings84.0336
Cash And Short Term Investments84 M

Bitfarms Upcoming Events

19th of March 2024
Upcoming Quarterly Report
View
20th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
19th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Bitfarms Financial Statements

Bitfarms stakeholders use historical fundamental indicators, such as Bitfarms' revenue or net income, to determine how well the company is positioned to perform in the future. Although Bitfarms investors may analyze each financial statement separately, they are all interrelated. For example, changes in Bitfarms' assets and liabilities are reflected in the revenues and expenses on Bitfarms' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Bitfarms. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue1.3 MM
Total Revenue168.3 M87.1 M
Cost Of Revenue193 M202.7 M
Stock Based Compensation To Revenue 0.09  0.09 
Sales General And Administrative To Revenue 0.30  0.32 
Capex To Revenue 0.57  0.60 
Revenue Per Share 0.50  0.37 
Ebit Per Revenue(0.44)(0.42)

Currently Active Assets on Macroaxis

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:
Check out the analysis of Bitfarms Correlation against competitors.
For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Revenue Per Share
0.493
Quarterly Revenue Growth
0.296
Return On Assets
(0.13)
Return On Equity
(0.31)
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.