Bitwise Bitcoin ETF
BITB
Analytical Summary
On an absolute basis, Bitwise Bitcoin ETF shows weak fundamentals, weighed down by FCF / Net Income. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.
13-Year Financial Trajectory
Quarterlyinfo Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.
Bullish Indicators
- No bullish signals detected.
Bearish Risks
- FCF / Net IncomeFCF / Net Income of -0.11x is weak on an absolute basis (target > 1x)
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Dec 31, 2024 10-Q ↗ | Q2 FY2024 Dec 31, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ | Q3 FY2023 Dec 31, 2023 10-Q ↗ | Q2 FY2023 Dec 31, 2023 10-Q ↗ | Q1 FY2023 Dec 31, 2023 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income Growth YoY (%) |
-69.6%
Weak
Weak
Year-over-year change in net income |
N/M |
90.3%
Excellent
Excellent
Year-over-year change in net income |
N/M | N/M | — | — | — | — | — | — | — | — |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Dec 31, 2024 10-Q ↗ | Q2 FY2024 Dec 31, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ | Q3 FY2023 Dec 31, 2023 10-Q ↗ | Q2 FY2023 Dec 31, 2023 10-Q ↗ | Q1 FY2023 Dec 31, 2023 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF / Net Income (x) |
-0.15x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.14x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.49x
Weak
↓
Weak
Declining
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.15x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.34x
Weak
↓
Weak
Declining
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.02x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.88x
Weak
↓
Weak
Declining
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.01x
Fair
Fair
Free cash flow relative to reported net income
Optimal:
> 1x
|
-2.59x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
— | — | — | — |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Dec 31, 2024 10-Q ↗ | Q2 FY2024 Dec 31, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ | Q3 FY2023 Dec 31, 2023 10-Q ↗ | Q2 FY2023 Dec 31, 2023 10-Q ↗ | Q1 FY2023 Dec 31, 2023 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income, GAAP (USD) | $-768.66M | $-1.11B | $255.28M | $960.88M | $-453.22M | $1.23B | $134.17M | $-399.19M | $624.81M | — | — | — | — |
| Operating Cash Flow (USD) | $112.98M | $151.68M | $-124.67M | $-144.25M | $156.29M | $-24.16M | $-118.57M | $-404.59M | $-1.62B | — | — | — | — |
Secondary lens
Benchmark Lens
Benchmarks are disabled until comparison data is defensible.
Unavailable
Benchmark Lens
Benchmarks are disabled until comparison data is defensible.
Benchmarks unavailable
Verdicts use absolute quality thresholds, not peer comparison — only 0 comparable companies are currently available for ranking.
Use Statement Evidence firstCompare BITB with peers
Stack BITB against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 3 years · 13 quarters