Bit Income Before Tax from 2010 to 2024

BTBT Stock  USD 4.61  0.18  4.06%   
Bit Digital Income Before Tax yearly trend continues to be comparatively stable with very little volatility. Income Before Tax will likely drop to about -14.3 M in 2024. From the period from 2010 to 2024, Bit Digital Income Before Tax quarterly data regression had r-value of (0.40) and coefficient of variation of (304.16). View All Fundamentals
 
Income Before Tax  
First Reported
2016-03-31
Previous Quarter
-11.4 M
Current Value
-38.2 M
Quarterly Volatility
19.3 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 Income Before Tax Growth Pattern

Below is the plot of the Income Before Tax of Bit Digital over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Bit Digital income statement and is an important metric when analyzing Bit Digital profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is Bit Digital's Income Before Tax 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.
Income Before Tax10 Years Trend
Slightly volatile
   Income Before Tax   
       Timeline  

Bit Income Before Tax Regression Statistics

Arithmetic Mean(9,012,126)
Geometric Mean1,217,398
Coefficient Of Variation(304.16)
Mean Deviation14,234,968
Median(141,692)
Standard Deviation27,411,014
Sample Variance751.4T
Range114.6M
R-Value(0.40)
Mean Square Error680.9T
R-Squared0.16
Significance0.14
Slope(2,439,989)
Total Sum of Squares10519.1T

Bit Income Before Tax History

2024-14.3 M
2023-13.6 M
2022-105.9 M
20218.7 M
20201.9 M
2019-6.1 M
2018-4 M

About Bit Digital Financial Statements

Bit Digital shareholders use historical fundamental indicators, such as Income Before Tax, 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 ReportedProjected for Next Year
Income Before Tax-13.6 M-14.3 M

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Additional Tools for Bit Stock Analysis

When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.