Growth & profitability
- Revenue has declined 81.5% per year over the past 5 years.
Financial health
- Operating income covered interest expense -6.6× in the latest year.
BTOG Financials BIT ORIGIN Ltd
9 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 →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $39495 | -$4M | 100.0% | -7574.9% | — | — | $55639 |
| 2024 | $3M | -$18M | -32.7% | -513.6% | — | — | $1M |
| 2023 | — | -$28M | — | — | -$7M | — | $16274 |
| 2022 | $6M | -$28M | -72.9% | -452.1% | -$23M | — | $17805 |
| 2021 | — | -$47M | — | — | — | — | $1943 |
| 2020 | — | -$4M | — | — | -$7M | — | $1M |
| 2019 | — | $4M | — | — | -$5M | — | $3M |
| 2018 | — | $4M | — | — | -$4M | — | $319093 |
| 2017 | — | $2M | — | — | -$3M | — | — |
Valuation over time
How the market has priced BTOG against its own fundamentals since 2023-04 — 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.
- The price-to-sales ratio has risen from 0.6× (Apr '23) to 971.1× (Jun '26).
P/S
Frequently asked questions
Is BTOG growing its revenue and profit?
Over the past 5 years, BIT ORIGIN Ltd's revenue has declined 81.5% per year. These are computed facts, not advice.
How much debt does BTOG have?
As of FY2025, BIT ORIGIN Ltd reported — of total debt against $55639 of cash; operating income covered interest expense -6.6×.
What is BTOG's profit margin?
In FY2025, gross margin was 100.0%, operating margin -7574.9%, and net margin -11064.5%.
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.