Bitfarms Financials

BITF Stock   2.81  0.14  4.75%   
We suggest to use analysis of Bitfarms fundamentals to see if markets are presently mispricing the company. We were able to break down and interpolate data for twenty-nine available fundamental indicators for Bitfarms, which can be compared to its peers. The stock experiences a very speculative upward sentiment. Check odds of Bitfarms to be traded at 2.67 in 90 days.
 
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Bitfarms Balance Sheet Chart

At this time, Bitfarms' Non Current Assets Total are very stable compared to the past year. As of the 13th of February 2026, Other Assets is likely to grow to about 94.6 M, though Net Debt is likely to grow to (30.9 M).
Key indicators impacting Bitfarms' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.04210.0443
Notably Down
Very volatile
Current Ratio5.575.3
Sufficiently Up
Slightly volatile
  
Understanding current and past Bitfarms Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bitfarms' financial statements are interrelated, with each one affecting the others. For example, an increase in Bitfarms' assets may result in an increase in income on the income statement.

Bitfarms Stock Summary

Bitfarms competes with Intact Financ, EQB, Brookfield Business, Hut 8, and E L. Bitfarms is entity of Canada. It is traded as Stock on TO exchange.
Foreign Associate
  USA
Specialization
Financial Services, Financial Services
InstrumentCanada Stock View All
ExchangeToronto Exchange
Business Address110 Yonge Street,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.bitfarms.com
Phone647 259 1790
You should never invest in Bitfarms without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Bitfarms Stock, because this is throwing your money away. Analyzing the key information contained in Bitfarms' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Bitfarms Key Financial Ratios

Bitfarms' financial ratios allow both analysts and investors to convert raw data from Bitfarms' financial statements into concise, actionable information that can be used to evaluate the performance of Bitfarms over time and compare it to other companies across industries.

Bitfarms Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets542.6M343.1M378.7M667.6M767.8M806.1M
Other Current Liab63.6M7.8M52.1M12.1M13.9M19.6M
Net Debt(40.9M)34.2M(64.2M)(36.1M)(32.5M)(30.9M)
Retained Earnings(21.5M)(197.2M)(294.9M)(334.5M)(301.1M)(286.0M)
Accounts Payable14.5M12.9M9.1M21.9M25.2M26.5M
Cash125.6M30.8M84.0M59.5M68.5M43.1M
Other Assets90.6M38.2M44.7M78.3M90.1M94.6M
Long Term Debt174K910K4.1M1.4M1.3M2.2M
Net Receivables1.0M16.8M714K1.3M1.4M1.4M
Long Term Debt Total10.1M18.3M13.0M21.2M24.4M12.6M
Capital Surpluse43.7M65.5M56.6M67.5M77.6M44.2M
Inventory548K588K705K1.2M1.4M1.4M
Other Current Assets93.9M16.3M44.5M64.4M74.1M77.8M
Total Liab183.6M87.7M84.0M59.6M68.6M67.1M
Total Current Assets287.1M69.1M130.0M213.7M245.8M258.1M
Short Term Debt74.6M46.7M6.9M2.2M2.6M2.4M
Intangible Assets1.7M33K3.7M4.0M4.6M4.9M
Common Stock354.7M404.9M530.1M852.3M980.1M1.0B
Other Liab193K209K8.7M2.0M2.3M2.5M
Net Tangible Assets27.4M15.1M403.9M255.5M293.9M157.6M
Net Invested Capital493.8M302.7M298.8M609.6M701.0M736.1M
Short Long Term Debt70.3M43.1M4.0M146K167.9K159.5K
Capital Stock378.9M429.1M530.1M852.3M980.1M1.0B
Net Working Capital185.9M1.8M60.8M177.4M204.1M214.3M

Bitfarms Key Income Statement Accounts

202120222023202420252026 (projected)
Tax Provision20.5M(17.4M)(401K)(14.3M)(12.9M)(12.2M)
Interest Income2.1M34.5M1.4M42.6M48.9M51.4M
Total Revenue169.5M142.4M146.4M192.9M221.8M232.9M
Gross Profit111.1M10.5M(21.5M)(32.4M)(29.1M)(27.7M)
Operating Income63.6M(284.0M)(72.1M)(107.6M)(96.8M)(92.0M)
Ebit46.1M(178.8M)(92.5M)(66.6M)(60.0M)(57.0M)
Ebitda70.5M(106.4M)(7.7M)74.4M66.9M70.3M
Cost Of Revenue58.4M131.9M167.9M225.2M259.0M272.0M
Income Before Tax42.6M(193.1M)(104.4M)(68.4M)(61.5M)(64.6M)
Net Income22.1M(175.6M)(104.0M)(54.1M)(48.7M)(51.1M)
Income Tax Expense20.5M(17.4M)(401K)(14.3M)(12.9M)(12.2M)
Net Interest Income(23.9M)27.6M(13.4M)956K1.1M1.2M
Interest Expense3.4M14.2M4.1M1.7M2.0M1.9M

Bitfarms Key Cash Accounts

202120222023202420252026 (projected)
Change To Inventory(34K)(379K)(117K)(475K)(546.3K)(573.6K)
Change In Cash119.6M(94.7M)53.2M(24.5M)(22.0M)(20.9M)
Free Cash Flow(230.4M)(317.4M)(177.0M)(480.4M)(432.4M)(410.8M)
Depreciation24.5M72.4M84.8M141.0M162.1M170.2M
Other Non Cash Items(130.6M)(4.6M)(110.8M)(216.4M)(194.8M)(185.0M)
Capital Expenditures193.3M195.0M71.3M339.9M390.8M410.4M
Net Income22.1M(175.6M)(108.9M)(54.1M)(48.7M)(51.1M)
End Period Cash Flow125.6M30.9M84.0M59.5M68.5M46.2M
Investments(215.1M)(155.0M)(58.3M)(178.4M)(160.5M)(152.5M)
Net Borrowings49.5M(30.1M)(34.2M)(4.7M)(4.2M)(4.0M)
Change To Netincome(696K)8.8M(99.2M)206.9M237.9M249.8M

Bitfarms Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bitfarms's current stock value. Our valuation model uses many indicators to compare Bitfarms value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitfarms competition to find correlations between indicators driving Bitfarms's intrinsic value. More Info.
Bitfarms is rated third in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Bitfarms' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Bitfarms by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bitfarms' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Bitfarms Total Assets Over Time

Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Selling General Administrative is very stable compared to the past year. As of the 13th of February 2026, Issuance Of Capital Stock is likely to grow to about 349.6 M, though Tax Provision is likely to grow to (12.2 M).
 2023 2024 2025 2026 (projected)
Depreciation And Amortization84.8M141.0M162.1M170.2M
Interest Income1.4M42.6M48.9M51.4M

Bitfarms fundamental ratios Correlations

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0.960.360.430.98-0.48-0.930.970.60.990.850.230.990.790.840.940.820.850.530.850.060.991.00.50.420.72
-0.61-0.72-0.47-0.6-0.480.55-0.54-0.74-0.54-0.70.49-0.56-0.3-0.54-0.61-0.73-0.49-0.46-0.69-0.46-0.59-0.5-0.13-0.51-0.57
-0.87-0.41-0.38-0.89-0.930.55-0.85-0.6-0.92-0.73-0.24-0.94-0.76-0.87-0.85-0.71-0.91-0.48-0.74-0.04-0.94-0.93-0.39-0.3-0.7
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0.14-0.040.240.10.230.49-0.240.140.040.2-0.020.120.410.360.01-0.030.230.290.01-0.580.140.230.530.090.31
0.960.410.430.990.99-0.56-0.940.970.630.990.870.120.760.820.950.840.850.520.860.121.00.990.450.420.71
0.810.490.590.770.79-0.3-0.760.740.70.810.750.410.760.720.590.730.80.720.76-0.370.780.80.720.560.82
0.840.480.530.830.84-0.54-0.870.830.710.850.750.360.820.720.810.740.880.60.760.090.840.840.50.490.84
0.910.320.330.950.94-0.61-0.850.960.550.930.820.010.950.590.810.790.810.40.820.40.940.930.30.360.62
0.940.760.780.910.82-0.73-0.710.890.910.881.0-0.030.840.730.740.790.660.831.00.040.860.830.680.820.88
0.80.350.340.820.85-0.49-0.910.790.60.840.680.230.850.80.880.810.660.460.680.110.850.850.360.280.71
0.710.880.990.610.53-0.46-0.480.590.930.630.80.290.520.720.60.40.830.460.82-0.370.580.560.930.950.93
0.960.720.770.930.85-0.69-0.740.910.890.911.00.010.860.760.760.821.00.680.820.030.890.860.690.80.88
0.04-0.15-0.340.120.06-0.46-0.040.16-0.10.050.05-0.580.12-0.370.090.40.040.11-0.370.030.090.05-0.56-0.22-0.21
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0.970.40.460.981.0-0.5-0.930.970.630.990.860.230.990.80.840.930.830.850.560.860.050.990.510.440.74
0.630.680.910.530.5-0.13-0.390.530.740.570.670.530.450.720.50.30.680.360.930.69-0.560.50.510.850.82
0.640.860.960.540.42-0.51-0.30.540.90.530.790.090.420.560.490.360.820.280.950.8-0.220.470.440.850.85
0.840.80.880.770.72-0.57-0.70.750.950.790.870.310.710.820.840.620.880.710.930.88-0.210.750.740.820.85
Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets542.6M343.1M378.7M667.6M767.8M806.1M
Other Current Liab63.6M7.8M52.1M12.1M13.9M19.6M
Net Debt(40.9M)34.2M(64.2M)(36.1M)(32.5M)(30.9M)
Retained Earnings(21.5M)(197.2M)(294.9M)(334.5M)(301.1M)(286.0M)
Accounts Payable14.5M12.9M9.1M21.9M25.2M26.5M
Cash125.6M30.8M84.0M59.5M68.5M43.1M
Other Assets90.6M38.2M44.7M78.3M90.1M94.6M
Long Term Debt174K910K4.1M1.4M1.3M2.2M
Net Receivables1.0M16.8M714K1.3M1.4M1.4M
Long Term Debt Total10.1M18.3M13.0M21.2M24.4M12.6M
Capital Surpluse43.7M65.5M56.6M67.5M77.6M44.2M
Inventory548K588K705K1.2M1.4M1.4M
Other Current Assets93.9M16.3M44.5M64.4M74.1M77.8M
Total Liab183.6M87.7M84.0M59.6M68.6M67.1M
Total Current Assets287.1M69.1M130.0M213.7M245.8M258.1M
Short Term Debt74.6M46.7M6.9M2.2M2.6M2.4M
Intangible Assets1.7M33K3.7M4.0M4.6M4.9M
Common Stock354.7M404.9M530.1M852.3M980.1M1.0B
Other Liab193K209K8.7M2.0M2.3M2.5M
Net Tangible Assets27.4M15.1M403.9M255.5M293.9M157.6M
Net Invested Capital493.8M302.7M298.8M609.6M701.0M736.1M
Short Long Term Debt70.3M43.1M4.0M146K167.9K159.5K
Capital Stock378.9M429.1M530.1M852.3M980.1M1.0B
Net Working Capital185.9M1.8M60.8M177.4M204.1M214.3M
Today, most investors in Bitfarms Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bitfarms' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bitfarms growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.16

At this time, Bitfarms' Price Earnings To Growth Ratio is very stable compared to the past year.

Bitfarms February 13, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bitfarms help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitfarms. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitfarms based on widely used predictive technical indicators. In general, we focus on analyzing Bitfarms Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitfarms's daily price indicators and compare them against related drivers.
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
It's important to distinguish between Bitfarms' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bitfarms should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Bitfarms' market price signifies the transaction level at which participants voluntarily complete trades.