arrow_back Back Filing freshness 20-F Q4 FY2025 SEC EDGAR

download Export Data

BTC Digital Ltd.

BTCT

$0.50 ▼ -0.01 (-1.94%) at close

13 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

auto_awesome

Analytical Summary

BTC Digital Ltd. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap —

Dividend Yield —

Revenue Growth None

Op. Margin None

ROIC None

FCF / Share None

Trailing P/E —

Price / Book 0.1x

FCF Yield —

Debt / Equity 0.06

info Valuation on last close. End-of-day price, Aug 7, 2026.

13-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$4.14M

↑ +338.2% —

Net Income Profit after all expenses

$17.00K

↑ +103.0% —

Operating Margin Operating profit as % of sales

-10.6%

↑ +49.9% 4th

FCF / Share Free cash flow per share

$-0.11

↑ +52.1% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

Choose the reporting cadence, isolate a period range, or search directly for a metric.

Cadence

Annual Quarterly

Range

→

📈 Is growth accelerating? 4 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Revenue Growth YoY (%)	—	338.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5537%)	202.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3281%)	-63.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1158%)	192.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3103%)	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	—	N/M	66.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-145.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	63.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	—	N/M	43.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-421.5% Weak Weak Year-over-year change in net income	25.4% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	—	—	52.1% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	—	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Operating Margin (%) (%)	—	-10.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	-21.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	-27.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)	-40.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-261%)	-72.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-392%)	-82.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-429%)	-1.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	-110.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-541%)	—	—	—	—
Profit Margin (%) (%)	—	0.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-22.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-201%)	-30.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-237%)	-27.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-225%)	-74.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-438%)	-119.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-642%)	-2.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	-108.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-591%)	—	—	—	—
FCF Margin (%) (%)	—	-75.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-11.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-16.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	115.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-43.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-67.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	424.3% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—
FCF / Net Income (x)	—	-183.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.11x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.55x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	31.66x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-3.93x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Return on Invested Capital (%)	—	-0.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-4.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—
Return on Capital (%) (%)	—	-1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-4.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	—	0.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	-2.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-123%)	-3.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-130%)	-3.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-130%)	-3.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-130%)	-5.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-144%)	-0.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-106%)	-5.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-145%)	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Debt to Equity (x)	0.06x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.03x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	—	—	—	—	4.81x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+301%)	—	—	—
Interest Coverage (x)	—	-14.16x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-271.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-69.78x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-178.17x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-344.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-63.09x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.95x Weak Weak Operating income divided by interest expense Optimal: > 5x	-33.33x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—
Net Debt (USD)	$1.82M	$-14.42M	$517.00K	$223.00K	$276.00K	—	—	—	—	$92.72M	$-26.43M	$-13.81M	—
Debt / EBITDA (x)	—	0.15x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.75x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.49x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Revenue per Share (USD)	—	—	$0.95	$0.89	$1.09	—	$0.53	$4.96	$0.77	—	—	—	—
Basic EPS, GAAP (USD)	—	$0.10	$-0.21	$-0.27	$-0.30	$-0.32	$-0.63	$-0.11	$-0.83	—	—	—	—
Free Cash Flow per Share (USD)	—	—	$-0.11	$0.03	$-0.18	—	$-0.23	$-3.32	$3.28	—	—	—	—
Book Value per Share (USD)	$3.90	$6.20	$6.20	$7.50	$7.77	—	$12.03	$14.24	$15.59	$6.08	$2.04	$-6.72	—
Tangible Book Value per Share (USD)	$3.90	$6.20	$6.20	$7.50	$7.77	—	$12.03	$14.24	$15.59	$-54.76	$-16.82	$-11.93	—
Basic Weighted Avg Shares (shares)	—	—	2.70M	2.61M	2.44M	—	1.59M	1.29M	1.17M	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Working Capital (USD)	$16.82M	$23.66M	$5.26M	$4.61M	$4.40M	—	—	—	—	$2.99M	$-51.02M	$-142.40M	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	$92.76M	—	—	—
Total Equity (USD)	$37.16M	$39.92M	$20.43M	$19.59M	$20.30M	$19.44M	$19.18M	$18.30M	$18.30M	$19.28M	$3.52M	$-58.03M	$-5.14K

📋 What is driving earnings? 4 metrics

Metric	Q4 FY2025 Dec 31, 2025 20-F ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2021 20-F ↗	Q4 FY2020 Dec 31, 2020 20-F ↗	Q4 FY2019 Dec 31, 2019 20-F ↗
Sales/Revenue/Turnover (USD)	—	$4.14M	$2.56M	$2.33M	$2.65M	$944.00K	$845.00K	$6.38M	$907.00K	—	—	—	—
Depreciation Expense (USD)	—	$3.67M	$919.00	$919.00K	$862.00K	$3.15M	$631.00	$835.00K	$839.00K	—	—	—	—
Net Income, GAAP (USD)	—	$17.00K	$-571.00K	$-704.00K	$-731.00K	$-702.00K	$-1.01M	$-135.00K	$-980.00K	—	—	—	—
Operating Cash Flow (USD)	—	$-1.83M	$-284.00K	$3.50M	$172.00K	$1.76M	$-363.00K	$-3.77M	$6.18M	—	—	—	—

⌨️ Keyboard Shortcuts

/ Search

Esc Clear

A Annual

Q Quarterly

1-7 Jump to category

R Reset

bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 13 quarters

BTC Digital Ltd.

Analytical Summary

13-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare BTCT with peers