BIT Historical Income Statement

BTCM Stock

USD 2.77 0.02 0.72%

Historical analysis of BIT Mining income statement accounts such as Interest Expense of 0.0, Selling General Administrative of 32.2 M or Selling And Marketing Expenses of 145.3 K can show how well BIT Mining performed in making a profits. Evaluating BIT Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of BIT Mining's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining BIT Mining 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 BIT Mining is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.

About BIT Income Statement Analysis

BIT Mining 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 BIT Mining shareholders. The income statement also shows BIT 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).

BIT Mining Income Statement Chart

At this time, BIT Mining's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Total Operating Expenses is likely to grow to about 43.3 M, while Interest Expense is likely to drop 0.00.

Selling General Administrative Selling And Marketing Expenses Total Revenue Other Operating Expenses

Total Revenue

Total revenue comprises all receipts BIT Mining generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of BIT Mining. It is also known as BIT Mining 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.

Most accounts from BIT Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into BIT Mining 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 BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.At this time, BIT Mining's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Total Operating Expenses is likely to grow to about 43.3 M, while Interest Expense is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	42.5M	31.9M	28.2M	43.3M
Cost Of Revenue	1.3B	669.7M	40.1M	38.1M

Total Operating Expenses Cost Of Revenue

BIT Mining income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Tax Provision	Net Interest Income	Interest Income	Discontinued Operations	Net Income From Continuing Ops	Reconciled Depreciation	Minority Interest
Depreciation And Amortization		0.1	-0.02	-0.48	0.7	-0.61	0.73	-0.81	-0.34	-0.43	0.04	0.73	0.01	-0.87	-0.88	-0.87	0.25	0.67	-0.8	-0.8	-0.7	0.34	-0.16	-0.7
Interest Expense	0.1		0.17	-0.06	-0.11	-0.2	-0.09	0.12	0.08	0.16	0.12	-0.1	0.06	-0.31	-0.35	-0.29	-0.14	0.05	-0.01	-0.01	-0.35	-0.63	0.64	-0.31
Selling General Administrative	-0.02	0.17		0.37	-0.15	-0.14	-0.09	-0.28	-0.69	0.79	-0.74	-0.14	0.94	-0.29	-0.13	-0.27	-0.15	-0.27	0.15	0.15	0.16	-0.32	0.31	-0.02
Selling And Marketing Expenses	-0.48	-0.06	0.37		-0.31	0.81	-0.33	0.33	0.29	0.69	0.1	-0.36	0.54	0.38	0.2	0.41	-0.34	-0.67	0.66	0.66	0.66	-0.45	0.31	0.57
Total Revenue	0.7	-0.11	-0.15	-0.31		-0.26	1.0	-0.39	-0.07	-0.43	0.2	1.0	-0.01	-0.43	-0.56	-0.43	0.1	0.52	-0.58	-0.57	-0.45	0.43	-0.33	-0.34
Gross Profit	-0.61	-0.2	-0.14	0.81	-0.26		-0.31	0.68	0.71	0.24	0.51	-0.32	0.08	0.74	0.47	0.74	-0.23	-0.47	0.56	0.57	0.56	-0.16	-0.01	0.61
Other Operating Expenses	0.73	-0.09	-0.09	-0.33	1.0	-0.31		-0.44	-0.14	-0.4	0.14	1.0	0.03	-0.48	-0.59	-0.48	0.1	0.52	-0.6	-0.58	-0.47	0.42	-0.31	-0.37
Operating Income	-0.81	0.12	-0.28	0.33	-0.39	0.68	-0.44		0.67	0.05	0.39	-0.43	-0.22	0.9	0.73	0.9	-0.3	-0.31	0.47	0.47	0.32	-0.18	0.03	0.42
Ebit	-0.34	0.08	-0.69	0.29	-0.07	0.71	-0.14	0.67		-0.32	0.93	-0.11	-0.54	0.57	0.25	0.56	-0.09	-0.13	0.25	0.25	0.15	-0.13	0.05	0.27
Research Development	-0.43	0.16	0.79	0.69	-0.43	0.24	-0.4	0.05	-0.32		-0.53	-0.44	0.73	0.07	0.17	0.1	-0.31	-0.71	0.68	0.68	0.59	-0.66	0.57	0.44
Ebitda	0.04	0.12	-0.74	0.1	0.2	0.51	0.14	0.39	0.93	-0.53		0.17	-0.56	0.27	-0.08	0.26	0.01	0.15	-0.07	-0.07	-0.14	0.02	-0.03	-0.01
Cost Of Revenue	0.73	-0.1	-0.14	-0.36	1.0	-0.32	1.0	-0.43	-0.11	-0.44	0.17		-0.01	-0.47	-0.59	-0.47	0.11	0.54	-0.61	-0.59	-0.48	0.43	-0.32	-0.37
Total Operating Expenses	0.01	0.06	0.94	0.54	-0.01	0.08	0.03	-0.22	-0.54	0.73	-0.56	-0.01		-0.2	-0.16	-0.18	-0.19	-0.24	0.12	0.12	0.18	-0.19	0.16	0.04
Income Before Tax	-0.87	-0.31	-0.29	0.38	-0.43	0.74	-0.48	0.9	0.57	0.07	0.27	-0.47	-0.2		0.88	0.99	-0.2	-0.38	0.53	0.53	0.51	0.04	-0.21	0.6
Total Other Income Expense Net	-0.88	-0.35	-0.13	0.2	-0.56	0.47	-0.59	0.73	0.25	0.17	-0.08	-0.59	-0.16	0.88		0.87	-0.06	-0.47	0.57	0.57	0.59	0.0	-0.15	0.59
Net Income	-0.87	-0.29	-0.27	0.41	-0.43	0.74	-0.48	0.9	0.56	0.1	0.26	-0.47	-0.18	0.99	0.87		-0.3	-0.41	0.55	0.55	0.53	0.01	-0.17	0.59
Income Tax Expense	0.25	-0.14	-0.15	-0.34	0.1	-0.23	0.1	-0.3	-0.09	-0.31	0.01	0.11	-0.19	-0.2	-0.06	-0.3		0.31	-0.25	-0.25	-0.2	0.29	-0.3	-0.08
Tax Provision	0.67	0.05	-0.27	-0.67	0.52	-0.47	0.52	-0.31	-0.13	-0.71	0.15	0.54	-0.24	-0.38	-0.47	-0.41	0.31		-0.9	-0.9	-0.93	0.71	-0.54	-0.69
Net Interest Income	-0.8	-0.01	0.15	0.66	-0.58	0.56	-0.6	0.47	0.25	0.68	-0.07	-0.61	0.12	0.53	0.57	0.55	-0.25	-0.9		1.0	0.88	-0.66	0.47	0.86
Interest Income	-0.8	-0.01	0.15	0.66	-0.57	0.57	-0.58	0.47	0.25	0.68	-0.07	-0.59	0.12	0.53	0.57	0.55	-0.25	-0.9	1.0		0.88	-0.66	0.46	0.87
Discontinued Operations	-0.7	-0.35	0.16	0.66	-0.45	0.56	-0.47	0.32	0.15	0.59	-0.14	-0.48	0.18	0.51	0.59	0.53	-0.2	-0.93	0.88	0.88		-0.44	0.21	0.85
Net Income From Continuing Ops	0.34	-0.63	-0.32	-0.45	0.43	-0.16	0.42	-0.18	-0.13	-0.66	0.02	0.43	-0.19	0.04	0.0	0.01	0.29	0.71	-0.66	-0.66	-0.44		-0.93	-0.27
Reconciled Depreciation	-0.16	0.64	0.31	0.31	-0.33	-0.01	-0.31	0.03	0.05	0.57	-0.03	-0.32	0.16	-0.21	-0.15	-0.17	-0.3	-0.54	0.47	0.46	0.21	-0.93		0.0
Minority Interest	-0.7	-0.31	-0.02	0.57	-0.34	0.61	-0.37	0.42	0.27	0.44	-0.01	-0.37	0.04	0.6	0.59	0.59	-0.08	-0.69	0.86	0.87	0.85	-0.27	0.0

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BIT Mining Account Relationship Matchups

BIT Mining income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	11.3M	7.8M	21.6M	34.8M	12.6M	8.8M
Selling General Administrative	37.7M	28.0M	25.8M	22.8M	18.5M	32.2M
Selling And Marketing Expenses	6.1M	2.6M	951K	633K	153K	145.4K
Total Revenue	5.7M	3.3M	1.3B	650.2M	43.1M	40.9M
Gross Profit	(2.8M)	771.6K	1.6M	(19.5M)	3.0M	2.9M
Other Operating Expenses	51.8M	32.5M	1.4B	701.7M	68.3M	64.9M
Operating Income	(11.1M)	(29.2M)	(40.9M)	(182.9M)	(25.2M)	(26.5M)
Ebit	(11.1M)	(23.4M)	(21.3M)	(34.2M)	(25.4M)	(26.7M)
Research Development	48.6M	30.2M	3.2M	3.7M	874K	830.3K
Ebitda	163.9K	(15.6M)	300K	590K	(12.8M)	(13.5M)
Cost Of Revenue	8.5M	2.6M	1.3B	669.7M	40.1M	38.1M
Total Operating Expenses	43.3M	30.0M	42.5M	31.9M	28.2M	43.3M
Income Before Tax	(92.5M)	(34.4M)	(61.8M)	(172.6M)	(25.4M)	(26.7M)
Total Other Income Expense Net	(81.3M)	(6.4M)	(64.2M)	(159.0M)	(191K)	(200.6K)
Net Income	(91.4M)	(33.8M)	(61.5M)	(181.2M)	(28.7M)	(30.1M)
Income Tax Expense	(1.1M)	(559.3K)	(242K)	8.6M	3.7M	3.9M
Net Interest Income	13.4M	9.1M	(719K)	(68K)	242K	229.9K
Interest Income	13.4M	9.1M	56K	150K	242K	229.9K
Net Income From Continuing Ops	(654.3M)	(221.1M)	(61.5M)	(172.6M)	(25.4M)	(26.7M)
Reconciled Depreciation	79.1M	53.0M	21.6M	34.8M	12.6M	11.9M
Net Income Applicable To Common Shares	(651.3M)	(223.2M)	(58.3M)	(155.4M)	(178.7M)	(187.7M)
Minority Interest	18.3M	(538K)	(13.3M)	12.2M	3.0M	0.0

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When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining's 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 BIT Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports:

How To Invest In BIT

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Is BIT Stock a good investment?

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What is BIT Mining's Net Worth?

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Largest Information Technology Services Companies

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To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Is Application Software 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 BIT Mining. If investors know BIT 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 BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(2.00)

Revenue Per Share

3.712

Quarterly Revenue Growth

(0.87)

Return On Assets

(0.19)

Return On Equity

(0.43)

The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's 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 BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's 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 BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's 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.

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BIT Historical Income Statement

About BIT Income Statement Analysis

BIT Mining Income Statement Chart

Total Revenue

Other Operating Expenses

BIT Mining income statement Correlations

BIT Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BIT Mining income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Interest Income	+ 1.0	Net Interest Income
Net Income	+ 0.99	Income Before Tax
Total Operating Expenses	+ 0.94	Selling General Administrative

Reconciled Depreciation	- 0.93	Net Income From Continuing Ops
Discontinued Operations	- 0.93	Tax Provision
Interest Income	- 0.9	Tax Provision
Net Interest Income	- 0.9	Tax Provision
Total Other Income Expense Net	- 0.88	Depreciation And Amortization
Net Income	- 0.87	Depreciation And Amortization