Financials in CAD. Standardized financial statements.
A compact view of how Bitfarms Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $229.28M | $192.88M | $146.37M | $142.43M | $169.49M | $34.70M | $32.42M | $33.80M | $51.98M |
| Revenue Growth? | +18.9% | +31.8% | +2.8% | -16.0% | +388.4% | +7.0% | -4.1% | -35.0% | 0.0% |
| Cost of Revenue? | $248.18M | $225.24M | $167.87M | $131.91M | $58.37M | $31.83M | $20.98M | $22.93M | $8.09M |
| Gross Profit? | -$18.90M | -$32.36M | -$21.50M | $10.52M | $111.12M | $2.87M | $11.44M | $10.88M | $43.88M |
| Gross Margin? | -8.2% | -16.8% | -14.7% | +7.4% | +65.6% | +8.3% | +35.3% | +32.2% | +84.4% |
| Operating Expenses? | $78.34M | $75.20M | $50.63M | $294.54M | $47.48M | $9.60M | $10.04M | $28.88M | $2.53M |
| Operating Income? | -$97.24M | -$107.56M | -$72.13M | -$284.02M | $63.64M | -$6.73M | $1.40M | -$18.00M | $41.35M |
| EBITDA? | -$74.01M | $74.35M | -$7.73M | -$106.42M | $70.53M | $1.47M | $9.63M | -$5.57M | $46.33M |
| Income Before Tax | -$208.41M | -$68.35M | -$104.44M | -$193.06M | $42.64M | -$16.12M | -$484,000 | -$18.18M | $41.33M |
| Income Tax Expense | $101,000 | -$14.29M | -$401,000 | -$17.41M | $20.51M | $172,000 | -$2.59M | $59,000 | $11.90M |
| Net Income? | -$208.51M | -$54.06M | -$104.04M | -$175.64M | $22.13M | -$16.29M | $2.90M | -$9.36M | $29.43M |
| EPS? | $-0.37 | $-0.13 | $-0.40 | $-1.15 | $0.14 | $-0.19 | $0.03 | $-0.16 | $0.52 |
| Diluted EPS? | $-0.37 | $-0.13 | $-0.40 | $-1.15 | $0.14 | $-0.19 | $0.03 | $-0.16 | $0.52 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality