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Bitfarms Ltd.(BITF)Earnings, Financials & Key Ratios
BITF•NASDAQ
$2.16
Price updated Jun 20, 2026
AboutBitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.Show more
- EBITDA-$150M-547.9%
- Net Income-$285M-426.3%
- EPS (Diluted)-0.52-300.0%
- Gross Margin-8.25%+50.9%
- EBITDA Margin-65.25%-476.8%
- Operating Margin-65.25%-17.0%
- Net Margin-124.11%-342.8%
- ROE-48.71%-306.7%
BITF Price & Volume
Bitfarms Ltd. (BITF) stock price & volume — 10-year historical chart
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Persistent Operational Losses Challenge Capital Intensive Model
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:Operational Margin Compression
Key Thesis Takeaways
- Bitfarms faces significant structural headwinds as its mining operations struggle to achieve profitability, evidenced by a -143.7% operating margin in 2026Q1.
- While the company maintains a substantial $357.3 million cash buffer, the aggressive shift toward debt-funded expansion has pushed the debt-to-equity ratio to 1.41, raising concerns regarding long-term solvency.
- Investors should monitor whether the company can stabilize its volatile revenue streams and reduce its reliance on equity dilution to fund ongoing capital expenditures.
Verdict Logic
the company's inability to convert revenue into positive cash flow, evidenced by a 2026Q1 OCF/NI ratio of 0.45, suggests that the current business model remains fundamentally unsustainable.
BITF Growth Metrics
Bitfarms Ltd. (BITF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years45.88%
3 Years17.2%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-369.31%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-266.08%
Return on Capital
10 Years-20%
5 Years-23.9%
3 Years-21.44%
Last Year-16.81%
BITF Recent Earnings
Bitfarms Ltd. (BITF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Mar 26, 2026Metric
Actual
Est
EPS
$0.18-350.0%
$0.04
Rev
$52M-17.3%
$63M
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$69M+12.0%
$62M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.02-100.0%
$0.01
Rev
$78M-4.0%
$81M
Q2 2025
May 14, 2025Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$67M-11.9%
$76M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 26, 2026 | $0.18vs $0.04-350.0% | $52Mvs $63M-17.3% |
| Q4 2025 | Nov 13, 2025 | $0.02vs $0.02+0.0% | $69Mvs $62M+12.0% |
| Q3 2025 | Aug 12, 2025 | $0.02vs $0.01-100.0% | $78Mvs $81M-4.0% |
| Q2 2025 | May 14, 2025 | $0.04vs $0.04+0.0% | $67Mvs $76M-11.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Bitfarms Ltd. (BITF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.16 | $1.29B | -16.62 | 18.87% | -124.11% | -48.71% | — | |
| $12.95 | $4.94B | -3.51 | 38.2% | -234.83% | -51.65% | — | |
| $22.87 | $8.67B | -11.73 | 71.89% | -132.76% | -28.78% | — | |
| $13.51 | $3.47B | 12.06 | 102.21% | -67.66% | -29.93% | — | |
| $21.73 | $8.82B | -10.11 | 48.04% | -512.96% | -115.53% | — | |
| $43.91 | $15.67B | 112.59 | 167.65% | 31.71% | 9.12% | — |
Compare BITF vs Peers
Bitfarms Ltd. (BITF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BITF SEC Filings & Documents
Bitfarms Ltd. (BITF) SEC filings — annual & quarterly reports (10-K, 10-Q)
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BITF Frequently Asked Questions
Bitfarms Ltd. (BITF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Bitfarms Ltd.'s revenue?
Bitfarms Ltd. (BITF) reported $199.4M in revenue for fiscal year 2025.
How fast is Bitfarms Ltd. growing?
Bitfarms Ltd. (BITF) grew revenue by 18.9% over the past year. This is strong growth.
Is BITF profitable?
Bitfarms Ltd. (BITF) reported a net loss of $394.0M for fiscal year 2025.
Dividend & Returns
What is BITF's return on equity?
Bitfarms Ltd. (BITF) has a return on equity (ROE) of -48.7%. Negative ROE indicates the company is unprofitable.
What is Bitfarms Ltd.'s free cash flow?
Bitfarms Ltd. (BITF) had negative free cash flow of $335.5M in fiscal year 2025, likely due to heavy capital investments.