Bitfarms Ltd. (BITF) — Financial statements
Income statement, balance sheet, and cash flow for Bitfarms Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 229↑18.9% | 193↑31.8% | 146↑2.8% | 142↓16.0% | 169 | |
| Cost of Revenue | 248↑10.2% | 225↑34.2% | 168↑27.3% | 132↑126.0% | 58 | |
| Gross Profit | -19↑41.6% | -32↓50.5% | -22↓304.4% | 11↓90.5% | 111 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 78↑7.8% | 73↑87.3% | 39↓24.2% | 51↑18.8% | 43 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 0.72↑46.8% | 0.49↑47.4% | 0.33↑91.4% | 0.17 | |
| SG&A Expenses | 78↑6.8% | 73↑86.8% | 39↓23.7% | 52↑19.1% | 43 | |
| Other Expenses | 52↑2773.6% | 2↓83.9% | 11↓95.3% | 243↑5629.2% | 4 | |
| Operating Expenses | 131↑73.8% | 75↑48.5% | 51↓82.8% | 295↑520.3% | 47 | |
| Total Costs & Expenses | 379↑26.1% | 300↑37.5% | 218↓48.8% | 426↑302.9% | 106 | |
| Operating Results | ||||||
| Operating Income | -150↓39.1% | -108↓49.1% | -72↑74.6% | -284↓546.3% | 64 | |
| Depreciation & Amortization | 0.00↓100.0% | 141↑66.3% | 85↑17.1% | 72↑195.9% | 24 | |
| EBITDA | -150↓301.2% | 74↑527.0% | -17↑83.6% | -106↓250.9% | 71 | |
| EBIT | -150↓124.6% | -67↑34.8% | -102↑42.9% | -179↓488.3% | 46 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↓154.3% | 4↑261.7% | -3↑80.7% | -14↓302.5% | -3 | |
| Interest Income | 6↑4.2% | 6↑325.1% | 1↑211.4% | 0.46 | 0.00 | |
| Interest Expense | 9↑396.1% | 2↓57.4% | 4↓71.3% | 14↑315.8% | 3 | |
| Non-Operating Income | 0.00↑100.0% | -41↓236.2% | 30↑128.6% | -105↓698.2% | 18 | |
| Other Income / Expenses | -59↓250.0% | 39↑205.4% | -37↓140.9% | 91↑533.1% | -21 | |
| Income Before Tax | -208↓204.9% | -68↑37.5% | -109↑43.4% | -193↓552.8% | 43 | |
| Income Tax Expense | 0.10↑100.7% | -14↓3463.6% | -0.40↑97.7% | -17↓184.9% | 21 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -209↓285.7% | -54↑50.4% | -109↑38.0% | -176↓893.7% | 22 | |
| Net Income from Discontinued Operations | -76 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -285↓426.3% | -54↑50.4% | -109↑38.0% | -176↓893.7% | 22 | |
| Bottom-Line Net Income | -285↓426.3% | -54↑50.4% | -109↑38.0% | -176↓893.7% | 22 | |
| EPS (Basic) | -0.52↓300.0% | -0.13↑69.0% | -0.42↑63.5% | -1.15↓921.4% | 0.14 | |
| EPS (Diluted) | -0.52↓300.0% | -0.13↑69.0% | -0.42↑63.5% | -1.15↓984.6% | 0.13 | |
| Weighted Average Shares | 552↑33.0% | 415↑58.1% | 262↑26.2% | 208↑31.8% | 158 | |
| Weighted Average Diluted Shares | 552↑33.0% | 415↑58.1% | 262↑26.2% | 208↑22.7% | 169 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.