Bitfarms Historical Income Statement
| BITF Stock | USD 2.15 0.18 9.14% |
Historical analysis of Bitfarms income statement accounts such as Other Operating Expenses of 229.4 M, Minority Interest of 0.0 or Depreciation And Amortization of 90.7 M can show how well Bitfarms performed in making a profits. Evaluating Bitfarms income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bitfarms's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Bitfarms latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bitfarms is a good buy for the upcoming year.
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About Bitfarms Income Statement Analysis
Bitfarms Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Bitfarms shareholders. The income statement also shows Bitfarms investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Bitfarms Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Bitfarms. It is also known as Bitfarms overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Bitfarms income statement and represents the costs associated with goods and services Bitfarms provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Bitfarms' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 various price indices. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Cost Of Revenue is most likely to increase significantly in the upcoming years. The Bitfarms' current Reconciled Depreciation is estimated to increase to about 89 M, while EBIT is forecasted to increase to (97.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 48.1M | 49.3M | 50.6M | 30.2M | Cost Of Revenue | 58.4M | 131.9M | 167.9M | 176.3M |
Bitfarms income statement Correlations
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Bitfarms Account Relationship Matchups
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Bitfarms income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.3M | 6.1M | 3.4M | 14.2M | 11.9M | 6.1M | |
| Other Operating Expenses | 31.3M | 40.1M | 106.5M | 181.3M | 218.5M | 229.4M | |
| Ebit | 2.6M | (10.4M) | 46.6M | (171.7M) | (102.2M) | (97.1M) | |
| Net Income Applicable To Common Shares | 2.9M | (16.3M) | 22.1M | (239.1M) | (215.1M) | (204.4M) | |
| Income Tax Expense | (2.6M) | 172K | 20.5M | (17.4M) | (401K) | (381.0K) | |
| Tax Provision | (2.6M) | 172K | 20.5M | (17.4M) | (401K) | (381.0K) | |
| Net Interest Income | (1.8M) | (10.1M) | (23.9M) | 27.6M | (13.4M) | (12.7M) | |
| Depreciation And Amortization | 6.8M | 12.1M | 24.3M | 69.6M | 86.3M | 90.7M | |
| Selling General Administrative | 4.2M | 3.3M | 43.2M | 51.5M | 38.8M | 27.4M | |
| Selling And Marketing Expenses | 110K | 38K | 174K | 333K | 491K | 260.0K | |
| Total Revenue | 32.4M | 34.8M | 169.2M | (8.4M) | 146.4M | 74.8M | |
| Gross Profit | 5.4M | (1.9M) | 110.8M | (140.3M) | (21.5M) | (20.4M) | |
| Operating Income | 2.6M | (9.3M) | 37.3M | (284.0M) | (72.1M) | (75.7M) | |
| Net Income From Continuing Ops | 2.1M | (16.3M) | 22.1M | (239.1M) | (104.0M) | (98.8M) | |
| Ebitda | 9.4M | 1.7M | 70.8M | (102.2M) | (15.9M) | (15.1M) | |
| Cost Of Revenue | 27.0M | 36.7M | 58.4M | 131.9M | 167.9M | 176.3M | |
| Total Operating Expenses | 4.3M | 3.4M | 48.1M | 49.3M | 50.6M | 30.2M | |
| Reconciled Depreciation | 6.8M | 11.5M | 24.5M | 72.4M | 84.8M | 89.0M | |
| Income Before Tax | (484K) | (16.1M) | 42.6M | (256.5M) | (104.4M) | (99.2M) | |
| Total Other Income Expense Net | (3.0M) | (9.4M) | 5.3M | 98.6M | (32.3M) | (30.7M) | |
| Net Income | 2.1M | (16.3M) | 22.1M | (239.1M) | (104.0M) | (98.8M) |
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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 various price indices. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.