Bitfarms Ltd. (BITF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -26.3M | -10M | -2.88M | -5.48M | -542K | 1.39M | -11.79M | -11.28M | -10.68M | 1.76M | -8.87M | -6.04M | -8.35M | -12.08M | -3.94M | 9.5M | 17.04M | 38.98M | 29.47M | 23.36M |
| Gross Margin % | -71.11% | -65.01% | -4.16% | -7.04% | -0.81% | 2.47% | -26.28% | -27.14% | -21.23% | 3.8% | -25.63% | -17.02% | -27.8% | -44.69% | -11.85% | 22.73% | 42.24% | 65.41% | 65.81% | 63.66% |
| Gross Profit Growth % | -4753.32% | -820.98% | 75.55% | 51.4% | 94.93% | -21.06% | -32.97% | -86.67% | -27.88% | 114.54% | -125.08% | -163.55% | -149.03% | -131% | -113.37% | -59.31% | -11.68% | 1332.75% | 2955.43% | 21140.54% |
| Operating Expenses | 26.84M | 38.66M | 26.07M | 34.15M | 31.82M | 17.77M | 32.1M | 12.3M | 13.03M | 14.49M | 9.77M | 19.13M | 6.64M | 7.94M | 93.84M | 182.59M | 10.16M | 23.98M | -4.62M | 25.3M |
| OpEx % of Revenue | 72.55% | 251.31% | 37.65% | 43.89% | 47.6% | 31.64% | 71.57% | 29.61% | 25.89% | 31.34% | 28.25% | 53.92% | 22.11% | 29.36% | 282.27% | 436.67% | 25.2% | 40.24% | -10.32% | 68.96% |
| Selling, General & Admin | 26.84M | 24M | 17.04M | 17.13M | 20.17M | 18.04M | 27.6M | 8.85M | 13.2M | 13.4M | 8.37M | 9.15M | 8.36M | 11.97M | 10.3M | 15.39M | 13.84M | 18.93M | 10.88M | 10.61M |
| SG&A % of Revenue | 72.55% | 156% | 24.6% | 22.02% | 30.18% | 32.12% | 61.53% | 21.3% | 26.23% | 28.99% | 24.2% | 25.8% | 27.82% | 44.28% | 30.98% | 36.81% | 34.33% | 31.76% | 24.31% | 28.91% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -53.14M | -48.66M | -28.96M | -39.63M | -32.36M | -16.39M | -43.89M | -23.58M | -23.71M | -12.74M | -18.64M | -25.17M | -15M | -20.02M | -97.78M | -173.09M | 6.87M | 15M | 34.09M | -1.94M |
| Operating Margin % | -143.66% | -316.32% | -41.82% | -50.93% | -48.41% | -29.17% | -97.86% | -56.75% | -47.12% | -27.54% | -53.87% | -70.94% | -49.91% | -74.05% | -294.11% | -413.94% | 17.04% | 25.18% | 76.14% | -5.3% |
| Operating Income Growth % | -64.23% | -196.97% | 34.03% | -68.06% | -36.49% | -28.64% | -135.5% | 6.33% | -58.09% | 36.38% | 80.94% | 85.46% | -318.17% | -233.44% | -386.84% | -8803.86% | -58.27% | 2546.21% | 1103.24% | -31.17% |
| EBITDA | -25.45M | -148.84M | 4.52M | -2.62M | -2.67M | 7.69M | -15.06M | 25M | 15.27M | 9.05M | 3.13M | -4.64M | 5.7M | 756K | -77.06M | -155.23M | 19.94M | 25.29M | 40.35M | 2.98M |
| EBITDA Margin % | -68.79% | -967.55% | 6.53% | -3.36% | -3.99% | 13.69% | -33.58% | 60.17% | 30.35% | 19.58% | 9.04% | -13.08% | 18.98% | 2.8% | -231.79% | -371.24% | 49.44% | 42.44% | 90.12% | 8.11% |
| EBITDA Growth % | -854.54% | -2035.73% | 130.02% | -110.47% | -117.46% | -15.07% | -581.4% | 638.54% | 167.74% | 1097.49% | 104.06% | 97.01% | -71.4% | -97.01% | -290.98% | -5316.2% | 2.25% | 643.63% | 8577.1% | 134.7% |
| D&A (Non-Cash Add-back) | 27.69M | -100.18M | 33.48M | 37.01M | 29.69M | 24.07M | 28.83M | 48.58M | 38.98M | 21.79M | 21.77M | 20.53M | 20.7M | 20.78M | 20.72M | 17.86M | 13.07M | 10.29M | 6.26M | 4.92M |
| EBIT | -53.14M | -37.94M | -46.72M | -35.33M | -29.6M | -16.66M | -36.21M | -24.55M | -11.89M | -49.29M | -15.29M | -25.15M | -2.41M | -13.38M | -86.14M | -154.6M | 13.97M | 18.77M | 35.49M | -2.17M |
| Net Interest Income | -1.5M | 377.77K | -1.3M | -1.72M | 304.08K | 281.81K | 2.03M | 1.69M | 302K | -8.46M | -338K | -846K | -1.35M | -3.27M | -3.39M | -6.64M | -3.01M | -837K | -788K | -897K |
| Interest Income | 3.72M | 4.29M | 585K | 467.58K | 947.13K | 838.64K | 2.47M | 2.04M | 680K | 0 | 477K | 177K | 266K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 5.22M | 3.91M | 1.88M | 2.19M | 643.05K | 556.83K | 441.52K | 349K | 378K | 8.46M | 815K | 1.02M | 1.62M | 3.27M | 3.39M | 6.64M | 3.01M | 837K | 788K | 897K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -127.58M | -92.08M | -48.6M | -37.48M | -30.25M | 5.46M | -36.65M | -24.89M | -12.27M | -57.75M | -16.11M | -26.18M | -4.03M | -16.65M | -89.53M | -161.23M | 10.96M | 17.94M | 34.71M | -3.07M |
| Pretax Margin % | -344.88% | -598.56% | -70.19% | -48.18% | -45.25% | 9.72% | -81.71% | -59.92% | -24.38% | -124.89% | -46.55% | -73.78% | -13.41% | -61.59% | -269.3% | -385.59% | 27.17% | 30.1% | 77.51% | -8.37% |
| Income Tax | 3K | 5.46M | -2.35M | -8.64M | 5.63M | -9.71M | -2K | 1.7M | -6.29M | -378K | 401K | -94K | -330K | 191K | -4.72M | -19.32M | 6.44M | 8.26M | 10.97M | 604K |
| Effective Tax Rate % | -0% | -5.93% | 4.83% | 23.05% | -18.6% | -177.85% | 0.01% | -6.84% | 51.24% | 0.65% | -2.49% | 0.36% | 8.19% | -1.15% | 5.28% | 11.98% | 58.76% | 46.05% | 31.62% | -19.67% |
| Net Income | -145.35M | -139.06M | -80.77M | -28.84M | -35.88M | 15.16M | -36.65M | -26.6M | -5.98M | -57.37M | -16.51M | -26.08M | -3.7M | -16.84M | -84.81M | -141.92M | 4.52M | 9.68M | 23.73M | -3.67M |
| Net Margin % | -392.93% | -903.96% | -116.64% | -37.07% | -53.67% | 27% | -81.71% | -64.02% | -11.88% | -124.07% | -47.71% | -73.52% | -12.31% | -62.3% | -255.08% | -339.39% | 11.21% | 16.24% | 53.01% | -10.02% |
| Net Income Growth % | -305.17% | -1016.95% | -120.39% | -8.44% | -499.92% | 126.43% | -122.02% | -1.98% | -61.62% | -240.63% | 80.54% | 81.62% | -181.88% | -274.05% | -457.34% | -3761.71% | 159.42% | 280.07% | 598.49% | 1.47% |
| Net Income (Continuing) | -145.35M | -97.54M | -46.26M | -28.84M | -35.88M | 15.16M | -36.65M | -26.6M | -5.98M | -57.37M | -16.51M | -26.08M | -3.7M | -16.84M | -84.81M | -141.92M | 4.52M | 9.68M | 23.73M | -3.67M |
| Discontinued Operations | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.24 | -0.26 | -0.14 | -0.05 | -0.07 | 0.03 | -0.08 | -0.07 | -0.02 | -0.18 | -0.07 | -0.10 | -0.01 | -0.08 | -0.40 | -0.70 | 0.02 | 0.05 | 0.13 | -0.02 |
| EPS Growth % | -234.73% | -946.91% | -71.36% | 21.72% | -307.39% | 117.06% | -19.62% | 33.7% | -64.49% | -139.68% | 82.93% | 85.71% | -147.56% | -250.2% | -407.69% | -2792.56% | 136.64% | 178.99% | 330.91% | 45.12% |
| EPS (Basic) | -0.24 | -0.26 | -0.14 | -0.05 | -0.07 | 0.03 | -0.08 | -0.07 | -0.02 | -0.18 | -0.07 | -0.10 | -0.01 | -0.08 | -0.40 | -0.70 | 0.02 | 0.05 | 0.14 | -0.02 |
| Diluted Shares Outstanding | 602.58M | 551.68M | 556.54M | 555.84M | 500.16M | 479.33M | 448.71M | 401.24M | 338.75M | 334.15M | 273.91M | 246.13M | 232.54M | 224.2M | 210.38M | 203.5M | 201.27M | 193.54M | 176.81M | 151.95M |
| Basic Shares Outstanding | 602.58M | 551.68M | 556.54M | 555.84M | 500.16M | 479.33M | 448.71M | 401.24M | 338.75M | 334.15M | 273.91M | 246.13M | 232.54M | 224.2M | 210.38M | 203.5M | 197.5M | 193.54M | 166.94M | 151.95M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |