BGIN BLOCKCHAIN Ltd(BGIN)Earnings, Financials & Key Ratios
BGIN•NASDAQ
$1.90
3.3× P/E·Price updated Jul 6, 2026
AboutBgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also designs and sells mining machines for individual miners and distributors, as well as develops computer chips. In addition, it offers miner hosting, mining pool, and value-added services. The company was founded in 2019 and is based in Singapore.Show more
- Revenue$302M+17.5%
- EBITDA$91M-48.3%
- Net Income$66M-52.8%
- EPS (Diluted)0.58-52.5%
- Gross Margin42.24%-45.4%
- EBITDA Margin30.2%-56.0%
- Operating Margin27.01%-60.0%
- Net Margin21.81%-59.8%
- ROE36.73%-79.2%
BGIN Price & Volume
BGIN BLOCKCHAIN Ltd (BGIN) stock price & volume — 10-year historical chart
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Vertical Integration Drives Resilient ASIC Manufacturing Growth
Investment Thesis • Updated N/A
VerdictPositive
Growth:Expanding
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Network difficulty and halving
Key Thesis Takeaways
- BGIN demonstrates a unique competitive advantage through its proprietary ASIC design, which supports a 17.5% year-over-year revenue growth rate and a robust 42.24% gross margin.
- The company's fortress balance sheet, characterized by a 0% debt-to-equity ratio, provides significant optionality to navigate cyclical industry headwinds and network difficulty adjustments.
- Investors should monitor the sustainability of the 21.81% net margin, as it remains sensitive to the fair value accounting of digital assets held within the firm's $114M cash position.
Verdict Logic
the company's attractive 0.60 EV/EBITDA multiple and 3.22 P/E ratio suggest the market may be undervaluing its vertically integrated hardware manufacturing capabilities.
BGIN Growth Metrics
BGIN BLOCKCHAIN Ltd (BGIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years141.27%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years104.52%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years104.82%
TTM-
Return on Capital
10 Years88.42%
5 Years88.42%
3 Years86.23%
Last Year45.44%
Peers Comparison
Key metrics vs top competitors for BGIN BLOCKCHAIN Ltd (BGIN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.90 | $172.1M | 3.28 | 17.5% | 21.81% | 36.73% | — | |
| $1.74 | $566.61M | -5.61 | -30.65% | -146.01% | -0.11% | — | |
| $21.73 | $8.82B | -10.11 | 48.04% | -512.96% | -115.53% | — | |
| $43.91 | $15.67B | 112.59 | 167.65% | 31.71% | 9.12% | — | |
| $3.38 | $903.92M | -5.12 | 158.32% | -49.85% | -26.12% | — | |
| $103.78 | $11.69B | -48.50 | -90.71% | — | -17.66% | — |
Compare BGIN vs Peers
BGIN BLOCKCHAIN Ltd (BGIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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BGIN Frequently Asked Questions
BGIN BLOCKCHAIN Ltd (BGIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is BGIN BLOCKCHAIN Ltd's revenue?
BGIN BLOCKCHAIN Ltd (BGIN) reported $302.3M in revenue for fiscal year 2024. This represents a 1305% increase from $21.5M in 2021.
How fast is BGIN BLOCKCHAIN Ltd growing?
BGIN BLOCKCHAIN Ltd (BGIN) grew revenue by 17.5% over the past year. This is strong growth.
Is BGIN profitable?
Yes, BGIN BLOCKCHAIN Ltd (BGIN) is profitable, generating $65.9M in net income for fiscal year 2024 (21.8% net margin).
Dividend & Returns
What is BGIN's return on equity?
BGIN BLOCKCHAIN Ltd (BGIN) has a return on equity (ROE) of 36.7%. This is excellent, indicating efficient use of shareholder capital.
What is BGIN BLOCKCHAIN Ltd's free cash flow?
BGIN BLOCKCHAIN Ltd (BGIN) had negative free cash flow of $212.3M in fiscal year 2024, likely due to heavy capital investments.