tradmap

BGIN Financials BGIN BLOCKCHAIN Ltd

3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 48.8% per year over the past 2 years.
  • Operating margin has contracted, at -261.3% in the latest year.

Financial health

  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Shareholder returns

  • Dividends have been paid for 1 consecutive year.
Revenue & net income
-$177M $63M $302M $0 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-263% -93% 77% 0% 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$212M -$106M $0 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $57M $115M 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$199M $34M $268M $0 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $67M -$177M -112.2% -261.3% -$171M $26M
2024 $302M $66M 42.2% 27.0% -$212M $115M
2023 $257M $140M 77.4% 67.5% -$38M

Valuation over time

How the market has priced BGIN against its own fundamentals since 2025-10 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 3.3 6.7 Oct '25 Nov '25 Dec '25 Jan '26 Feb '26 Mar '26 Apr '26 May '26 Jun '26
P/E
Price / sales (P/S)
0.0 2.7 5.4 Oct '25 Nov '25 Dec '25 Jan '26 Feb '26 Mar '26 Apr '26 May '26 Jun '26
P/S
Dividend yield (%)
0.0 1.0 2.0 Oct '25 Nov '25 Dec '25 Jan '26 Feb '26 Mar '26 Apr '26 May '26 Jun '26
Dividend yield %

Frequently asked questions

Is BGIN growing its revenue and profit?

Over the past 2 years, BGIN BLOCKCHAIN Ltd's revenue has declined 48.8% per year. These are computed facts, not advice.

How much debt does BGIN have?

As of FY2025, BGIN BLOCKCHAIN Ltd reported — of total debt against $26M of cash.

What is BGIN's profit margin?

In FY2025, gross margin was -112.2%, operating margin -261.3%, and net margin -262.6%.

What is BGIN's P/E ratio?

As of Jun '26, BGIN BLOCKCHAIN Ltd traded at a price-to-earnings ratio of about 4.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.