Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data BitVentures Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
277
8.99
18.6
28
0
Selling and marketing
49.4
2.4
2.12
3.13
0.53
General and administrative
30.4
6.76
5.3
3.55
2.92
Operating income
42.5
-5.48
-3.33
-0.77
-3.69
Other non-operating income
2.14
-0.79
0.17
0.01
-1.99
Pre-tax income
44.7
-6.27
-3.16
-0.77
-5.67
Income tax
13.3
0.01
0
0
0.12
Income from continuing operations
-3.16
-0.77
-5.79
Net income to minority interests
-1.38
Net income
31.4
-6.27
-3.47
-0.74
-5.37
EBITDA
46.4
-3.77
-2.16
0.24
-3.19
EPS, basic
-0.11
-0.06
-0.01
-0.06
EPS, diluted
-0.11
-0.06
-0.01
-0.06
Shares, basic (weighted)
0.05
56
56
56
88.1
Shares, diluted (weighted)
0.05
56
56
56
88.1
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
68
3.43
12.6
13.3
0.95
Short-term investments
0
8.79
Receivables
92
84.1
57.5
Other current assets
1.46
1.4
2.5
0.32
0.14
Total current assets
229
200
12.9
15.5
9.88
Property, plant and equipment
3.27
48.4
0
0
0.01
Lease right-of-use assets
2.2
1.24
0
Goodwill
11.2
35.7
Intangible assets
3.75
5
2.21
Long-term investments
0.15
0.14
Total assets
237
266
17.4
16.7
9.89
Accounts payable
0.46
Accrued liabilities
9.23
8.92
0.39
0.41
0
Short-term debt
0.3
Total current liabilities
123
116
12.5
13.9
0.16
Lease liabilities
1.31
0.25
0
Total liabilities
125
117
14.2
14.2
0.16
Paid-in capital
77.9
76
33.2
33.3
45.8
Retained earnings
21
51.9
-30
-30.7
-36.1
Other comprehensive income
0.66
1.26
2.31
Shareholders' equity
11.1
5.92
3.2
2.56
9.73
Minority interests
14
Total equity
11.1
5.92
3.2
2.56
9.73
Total liabilities and equity
237
266
17.4
16.7
9.89
Shares outstanding
56
56
56
56
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
31.4
-6.27
-3.47
-0.74
-5.37
Depreciation and amortization
3.87
1.71
1.18
1.01
0.5
Stock-based compensation
3.32
1.14
0.75
0.1
0.24
Deferred income tax
0.26
-0.04
0
-0.32
0
Change in receivables
-28.8
4.67
22.6
Cash from operations
50.5
-0.11
9.45
2.56
-6.48
Capital expenditures
-1.8
0
0
-0
Acquisitions
-6.42
-26.4
Cash from investing
-2.21
-44.4
-0.26
0
-8.76
Debt repaid
-0.16
-0.29
Cash from financing
28
-0.16
0
0
1.01
Net change in cash
80
-0.11
9.19
2.56
-14.2
Free cash flow
48.7
9.45
2.56
-6.48
Income taxes paid
12.8
13.2
0
0.19
0.48
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $11.35 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-87.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-40.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-100.0%
Revenue vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-1,428.0%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-352.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-352.9%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
279.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
18.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-40.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-66.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
57.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
16.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
62.6x
Current assets / current liabilities.
Quick ratio
61.7x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
61.7x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.06
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.00
Revenue / diluted weighted shares.
FCF per share
-$0.07
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.07
Cash from operations / diluted weighted shares.
Book value per share
$0.11
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
196x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
196x
Market cap / tangible book value, when positive.
FCF yield
-0.3%
Free cash flow / market cap.
Earnings yield
-0.3%
Net income / market cap (the inverse of P/E).
What was BitVentures Ltd's revenue in fiscal 2025?
BitVentures Ltd reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.
Was BitVentures Ltd profitable in fiscal 2025?
No. It reported a net loss of $5.4M.
How much free cash flow did BitVentures Ltd generate in fiscal 2025?
Cash from operations of $6.5M minus capital expenditures of $2.0K left free cash flow of -$6.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.