BITF
Bitfarms Ltd
NASDAQ: BITF · FINANCIAL SERVICES · CAPITAL MARKETS
$2.74
-5.19% today
Updated 2026-04-29
Market cap
$1.11B
P/E ratio
—
P/S ratio
5.21x
EPS (TTM)
$-0.13
Dividend yield
—
52W range
$1 – $7
Volume
31.4M
Bitfarms Ltd (BITF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.97M | $33.80M | $32.42M | $34.70M | $169.49M | $142.43M | $146.37M | $192.88M | $229.28M |
| Revenue growth (YoY) | — | +276.7% | -4.1% | +7.0% | +388.4% | -16.0% | +2.8% | +31.8% | +18.9% |
| Cost of revenue | $1.40M | $22.93M | $20.98M | $31.83M | $58.37M | $131.91M | $167.87M | $225.24M | $248.18M |
| Gross profit | $7.58M | $10.88M | $11.44M | $2.87M | $111.12M | $10.52M | $-21.50M | $-32.36M | $-18.90M |
| Gross margin | 84.4% | 32.2% | 35.3% | 8.3% | 65.6% | 7.4% | -14.7% | -16.8% | -8.2% |
| R&D | — | — | — | — | — | — | — | — | — |
| SG&A | — | $8.54M | $9.87M | $8.21M | $43.06M | $51.17M | $38.80M | $72.66M | $78.34M |
| Operating income | $7.40M | $-18.00M | $1.40M | $-6.73M | $63.64M | $-284.02M | $-72.13M | $-107.56M | $-149.60M |
| Operating margin | 82.5% | -53.2% | 4.3% | -19.4% | 37.5% | -199.4% | -49.3% | -55.8% | -65.2% |
| EBITDA | $8.29M | $-5.57M | $9.63M | $1.47M | $70.53M | $-106.42M | $-15.86M | $74.35M | $-149.60M |
| EBITDA margin | 92.3% | -16.5% | 29.7% | 4.2% | 41.6% | -74.7% | -10.8% | 38.5% | -65.2% |
| EBIT | $7.14M | $-18.11M | $2.78M | $-10.01M | $46.06M | $-178.84M | $-102.20M | $-66.61M | — |
| Interest expense | $0.00 | $63000.00 | $3.27M | $6.10M | $3.42M | $14.22M | $11.92M | $1.74M | $8.62M |
| Income tax | $2.05M | $59000.00 | $-2.59M | $172000.00 | $20.51M | $-17.41M | $-401000.00 | $-14.29M | — |
| Effective tax rate | 28.8% | -0.6% | -841.2% | -1.1% | 48.1% | 9.0% | 0.4% | 20.9% | 0.0% |
| Net income | $5.08M | $-9.36M | $2.90M | $-16.29M | $22.13M | $-175.64M | $-104.04M | $-54.06M | $-284.54M |
| Net income growth (YoY) | — | -284.3% | +131.0% | -661.9% | +235.9% | -893.7% | +40.8% | +48.0% | -426.3% |
| Profit margin | 56.6% | -27.7% | 8.9% | -46.9% | 13.1% | -123.3% | -71.1% | -28.0% | -124.1% |