Bitfarms Financial Statements From 2010 to 2026

BITF Stock  USD 2.80  0.09  3.11%   
Bitfarms' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Bitfarms' valuation are provided below:
Gross Profit
12.7 M
Profit Margin
(0.46)
Market Capitalization
1.7 B
Enterprise Value Revenue
5.5912
Revenue
276.4 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 2026 to make sure the company can sustain itself down the road.

Bitfarms Total Revenue

232.9 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 Depreciation And Amortization of 170.2 M, Interest Expense of 1.9 M or Total Revenue of 232.9 M, as well as many indicators such as Price To Sales Ratio of 2.65, Dividend Yield of 0.0 or PTB Ratio of 1.11. Bitfarms financial statements analysis is a perfect complement when working with Bitfarms Valuation or Volatility modules.
  
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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 Assets806.1 M767.8 M230.2 M
Slightly volatile
Other Current Liabilities19.6 M13.9 M10.9 M
Slightly volatile
Total Current Liabilities52.3 M41.7 M30.3 M
Slightly volatile
Total Stockholder Equity734.2 M699.2 M190.2 M
Slightly volatile
Other Liabilities2.2 M2.3 M1.6 M
Slightly volatile
Net Tangible Assets308.6 M293.9 M118.5 M
Slightly volatile
Property Plant And Equipment Net511.3 M486.9 M136.1 M
Slightly volatile
Accounts Payable26.5 M25.2 M8.9 M
Slightly volatile
Cash43.1 M68.5 M26.8 M
Slightly volatile
Non Current Assets Total548.1 M522 M154.3 M
Slightly volatile
Cash And Short Term Investments177.3 M168.9 M49.9 M
Slightly volatile
Net Receivables10.8 M10.3 M3.5 M
Slightly volatile
Common Stock Shares Outstanding500.7 M476.9 M158.9 M
Slightly volatile
Liabilities And Stockholders Equity806.1 M767.8 M230.2 M
Slightly volatile
Non Current Liabilities Total14.8 M26.9 M9.2 M
Slightly volatile
Inventory1.4 M1.4 M569.2 K
Slightly volatile
Other Current Assets68.5 M65.2 M21.9 M
Slightly volatile
Other Stockholder Equity81.5 M77.6 M34.6 M
Slightly volatile
Total Liabilities67.1 M68.6 M39.4 M
Slightly volatile
Net Invested Capital736.1 M701 M203.5 M
Slightly volatile
Total Current Assets258.1 M245.8 M75.9 M
Slightly volatile
Intangible Assets4.9 M4.6 M3.5 M
Slightly volatile
Common StockB980.1 M247.9 M
Slightly volatile
Property Plant Equipment284.7 M271.2 M99.2 M
Slightly volatile
Short and Long Term Debt Total38.5 M26.9 M19.1 M
Slightly volatile
Current Deferred RevenueM1.3 M910.3 K
Slightly volatile
Non Currrent Assets Other26.3 M30.4 M13.7 M
Slightly volatile
Other Assets1.4 M1.5 M8.6 M
Pretty Stable
Long Term Debt1.2 M1.3 M1.9 M
Pretty Stable
Short and Long Term Debt159.5 K167.9 K8.5 M
Pretty Stable
Capital StockB980.1 M251 M
Slightly volatile
Short Term Debt2.4 M2.6 M9.8 M
Slightly volatile
Capital Lease Obligations15.9 M25.1 M10.9 M
Slightly volatile
Property Plant And Equipment Gross347.8 M685.8 M212.1 M
Slightly volatile

Bitfarms Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization170.2 M162.1 M41 M
Slightly volatile
Total Revenue232.9 M221.8 M75.2 M
Slightly volatile
Other Operating Expenses362.8 M345.5 M111.6 M
Slightly volatile
Cost Of Revenue272 M259 M70.7 M
Slightly volatile
Total Operating Expenses71 M86.5 M39.7 M
Slightly volatile
Selling General Administrative87.7 M83.6 M27.8 M
Slightly volatile
Selling And Marketing Expenses870.6 K829.1 K353.8 K
Slightly volatile
Reconciled Depreciation170.2 M162.1 M46.2 M
Slightly volatile
Interest Income7.3 M6.9 M1.6 M
Slightly volatile

Bitfarms Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow101.5 M96.6 M27.9 M
Slightly volatile
Depreciation170.2 M162.1 M41 M
Slightly volatile
Capital Expenditures410.4 M390.8 M103.9 M
Slightly volatile
Total Cash From Financing Activities355.6 M338.6 M93.1 M
Slightly volatile
End Period Cash Flow43.5 M68.5 M28.3 M
Slightly volatile
Stock Based Compensation11.8 M16 M6.4 M
Slightly volatile
Issuance Of Capital Stock349.6 M333 M83.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.652.884.2511
Slightly volatile
PTB Ratio1.111.172.2326
Very volatile
Days Sales Outstanding21.319.5220.2053
Pretty Stable
Book Value Per Share0.751.320.7673
Slightly volatile
Stock Based Compensation To Revenue0.06940.06510.054
Slightly volatile
Capex To Depreciation4.392.777.3908
Slightly volatile
PB Ratio1.111.172.2326
Very volatile
EV To Sales3.663.474.1479
Slightly volatile
Inventory Turnover12917295.0381
Slightly volatile
Days Of Inventory On Hand2.092.254.0935
Slightly volatile
Payables Turnover8.09.255.8495
Slightly volatile
Sales General And Administrative To Revenue0.230.340.273
Slightly volatile
Capex To Revenue1.671.591.3059
Pretty Stable
Cash Per Share0.220.320.1968
Slightly volatile
Days Payables Outstanding38.840.84568
Slightly volatile
Intangibles To Total Assets0.00660.0070.0715
Slightly volatile
Current Ratio5.575.32.1123
Slightly volatile
Tangible Book Value Per Share0.731.310.7163
Slightly volatile
Receivables Turnover18.3919.3637.3432
Slightly volatile
Shareholders Equity Per Share0.741.320.7613
Slightly volatile
Debt To Equity0.04210.04430.2536
Very volatile
Capex Per Share0.430.740.4249
Slightly volatile
Revenue Per Share0.440.420.3758
Slightly volatile
Interest Debt Per Share0.06630.06980.1351
Slightly volatile
Debt To Assets0.03830.04030.1217
Pretty Stable
Graham Number2.532.411.6204
Slightly volatile
Operating Cycle38.8121.7175.2053
Slightly volatile
Price Book Value Ratio1.111.172.2326
Very volatile
Days Of Payables Outstanding38.840.84568
Slightly volatile
Company Equity Multiplier1.851.261.4812
Pretty Stable
Long Term Debt To Capitalization0.00260.00270.0454
Pretty Stable
Total Debt To Capitalization0.04050.04260.151
Very volatile
Debt Equity Ratio0.04210.04430.2536
Very volatile
Quick Ratio5.545.272.0663
Slightly volatile
Cash Ratio1.551.480.8397
Slightly volatile
Days Of Inventory Outstanding2.092.254.0935
Slightly volatile
Days Of Sales Outstanding21.319.5220.2053
Pretty Stable
Price To Book Ratio1.111.172.2326
Very volatile
Fixed Asset Turnover0.890.520.6381
Slightly volatile
Debt Ratio0.03830.04030.1217
Pretty Stable
Price Sales Ratio2.652.884.2511
Slightly volatile
Asset Turnover0.580.330.4097
Slightly volatile
Price Fair Value1.111.172.2326
Very volatile

Bitfarms Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap752.4 M716.5 M438.5 M
Slightly volatile
Enterprise Value713.7 M679.8 M415.1 M
Slightly volatile

Bitfarms Fundamental Market Drivers

Forward Price Earnings84.0336
Cash And Short Term Investments146.8 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 Revenue221.8 M232.9 M
Cost Of Revenue259 M272 M
Stock Based Compensation To Revenue 0.07  0.07 
Sales General And Administrative To Revenue 0.34  0.23 
Capex To Revenue 1.59  1.67 
Revenue Per Share 0.42  0.44 
Ebit Per Revenue(0.64)(0.67)

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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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
(0.13)
Revenue Per Share
0.531
Quarterly Revenue Growth
1.558
Return On Assets
(0.08)
Return On Equity
(0.12)
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.