Bit Gross Profit from 2010 to 2024

BTBT Stock

USD 4.25 0.19 4.28%

Bit Digital Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Bit Digital makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2016-03-31

Previous Quarter

13.8 M

Current Value

7.2 M

Quarterly Volatility

4.1 M

Yuan Drop

Covid

Check Bit Digital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bit Digital's main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.4 M, Selling General Administrative of 27.8 M or Selling And Marketing Expenses of 1.1 M, as well as many indicators such as Price To Sales Ratio of 11.57, Dividend Yield of 0.0038 or PTB Ratio of 2.07. Bit financial statements analysis is a perfect complement when working with Bit Digital Valuation or Volatility modules.

Check out the analysis of Bit Digital Correlation against competitors.

For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.

Latest Bit Digital's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Bit Digital over the last few years. Gross profit is a required income statement account that reflects total revenue of Bit Digital minus its cost of goods sold. It is profit before Bit Digital operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Bit Digital's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bit Digital's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 65.34 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Bit Gross Profit Regression Statistics

	Arithmetic Mean	10,758,668
	Geometric Mean	6,817,305
	Coefficient Of Variation	146.22
	Mean Deviation	8,854,054
	Median	4,588,038
	Standard Deviation	15,731,684
	Sample Variance	247.5T
	Range	61.6M
	R-Value	0.47
	Mean Square Error	207.1T
	R-Squared	0.22
	Significance	0.08
	Slope	1,660,878
	Total Sum of Squares	3464.8T

Bit Gross Profit History

	2024	16.8 M
	2023	15.4 M
	2022	11.9 M
	2021	65.3 M
	2020	7 M
	2019	4.6 M
	2018	7.9 M

Other Fundumenentals of Bit Digital

Gross Profit Margin

Bit Digital Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Current Deferred Revenue	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Short Term Investments	Short Term Debt
Total Assets		1.0	-0.69	-0.82	0.76	0.78	0.88	0.98	0.95	0.98	0.96	0.83	0.99	0.85	0.9	0.88	0.9
Total Stockholder Equity	1.0		-0.74	-0.78	0.78	0.72	0.83	0.99	0.94	0.97	0.96	0.83	1.0	0.89	0.91	0.85	0.91
Net Debt	-0.69	-0.74		0.46	-0.81	-0.13	-0.32	-0.8	-0.61	-0.74	-0.75	-0.56	-0.73	-0.93	-0.85	-0.33	-0.81
Retained Earnings	-0.82	-0.78	0.46		-0.75	-0.82	-0.9	-0.8	-0.92	-0.89	-0.89	-0.77	-0.77	-0.6	-0.81	-0.7	-0.82
Accounts Payable	0.76	0.78	-0.81	-0.75		0.39	0.55	0.81	0.83	0.84	0.81	0.87	0.75	0.8	0.9	0.41	0.88
Net Receivables	0.78	0.72	-0.13	-0.82	0.39		0.98	0.69	0.79	0.74	0.74	0.64	0.72	0.39	0.55	0.92	0.59
Total Liab	0.88	0.83	-0.32	-0.9	0.55	0.98		0.82	0.89	0.87	0.86	0.73	0.83	0.55	0.71	0.92	0.73
Total Current Assets	0.98	0.99	-0.8	-0.8	0.81	0.69	0.82		0.93	0.98	0.98	0.8	0.98	0.92	0.94	0.81	0.94
Common Stock	0.95	0.94	-0.61	-0.92	0.83	0.79	0.89	0.93		0.97	0.94	0.9	0.92	0.75	0.87	0.79	0.87
Net Tangible Assets	0.98	0.97	-0.74	-0.89	0.84	0.74	0.87	0.98	0.97		0.99	0.83	0.96	0.86	0.94	0.79	0.94
Current Deferred Revenue	0.96	0.96	-0.75	-0.89	0.81	0.74	0.86	0.98	0.94	0.99		0.8	0.96	0.87	0.95	0.79	0.95
Property Plant Equipment	0.83	0.83	-0.56	-0.77	0.87	0.64	0.73	0.8	0.9	0.83	0.8		0.8	0.65	0.77	0.65	0.76
Net Invested Capital	0.99	1.0	-0.73	-0.77	0.75	0.72	0.83	0.98	0.92	0.96	0.96	0.8		0.89	0.9	0.86	0.9
Net Working Capital	0.85	0.89	-0.93	-0.6	0.8	0.39	0.55	0.92	0.75	0.86	0.87	0.65	0.89		0.95	0.59	0.93
Capital Stock	0.9	0.91	-0.85	-0.81	0.9	0.55	0.71	0.94	0.87	0.94	0.95	0.77	0.9	0.95		0.64	1.0
Short Term Investments	0.88	0.85	-0.33	-0.7	0.41	0.92	0.92	0.81	0.79	0.79	0.79	0.65	0.86	0.59	0.64		0.67
Short Term Debt	0.9	0.91	-0.81	-0.82	0.88	0.59	0.73	0.94	0.87	0.94	0.95	0.76	0.9	0.93	1.0	0.67

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About Bit Digital Financial Statements

Bit Digital shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Bit Digital investors may analyze each financial statement separately, they are all interrelated. The changes in Bit Digital's assets and liabilities, for example, are also reflected in the revenues and expenses on on Bit Digital's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	15.4 M	16.8 M
Gross Profit Margin	0.34	0.58

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