Bit Origin Limited
Bit Origin Limited (BTOG) Financial Performance & Income Statement Overview
Analyze Bit Origin Limited (BTOG) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Bit Origin Limited (BTOG) Income Statement & Financial Overview
Analyze Bit Origin Limited’s BTOG earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| Revenue | $1.44M | $1.44M | $4.20M | $2.10M |
| Cost of Revenue | $1.92M | $1.92M | $6.59M | $3.29M |
| Gross Profit | -$472601.00 | -$472601.00 | -$2.39M | -$1.19M |
| Gross Profit Ratio | -$0.33 | -$0.33 | -$0.57 | -$0.57 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $638045.00 | $638045.00 | $4.58M | $2.29M |
| Operating Expenses | $2.90M | $2.99M | $4.58M | $10.86M |
| Total Costs & Expenses | $4.82M | $4.90M | $11.16M | $14.15M |
| Interest Income | $69363.00 | $69363.00 | $51094.00 | $51094.00 |
| Interest Expense | $0.00 | $0.00 | $99773.00 | $0.00 |
| Depreciation & Amortization | $450469.00 | $450469.00 | $2.97M | $1.49M |
| EBITDA | -$2.93M | -$2.93M | -$21.14M | -$2.09M |
| EBITDA Ratio | -$2.03 | -$2.03 | -$0.95 | -$0.99 |
| Operating Income | -$3.38M | -$3.38M | -$6.96M | -$3.57M |
| Operating Income Ratio | -$2.34 | -$2.34 | -$1.66 | -$1.70 |
| Other Income/Expenses (Net) | -$153139.00 | -$153139.00 | -$17.25M | $118143.00 |
| Income Before Tax | -$3.53M | -$3.53M | -$24.21M | -$12.11M |
| Income Before Tax Ratio | -$2.44 | -$2.44 | -$5.76 | -$5.76 |
| Income Tax Expense | $0.00 | $0.00 | -$3.00 | $0.00 |
| Net Income | -$3.53M | -$3.53M | -$24.21M | -$12.11M |
| Net Income Ratio | -$2.44 | -$2.44 | -$5.76 | -$5.76 |
| EPS | -$0.99 | -$0.99 | -$8.46 | -$3.61 |
| Diluted EPS | -$0.99 | -$0.99 | -$8.46 | -$3.60 |
| Weighted Avg Shares Outstanding | $3.55M | $3.55M | $2.86M | $3.35M |
| Weighted Avg Shares Outstanding (Diluted) | $3.55M | $3.55M | $2.86M | $3.36M |
Over the last four quarters, Bit Origin Limited's revenue moved from $2.10M in Q3 2023 to $1.44M in Q2 2024. Operating income in Q2 2024 was -$3.38M, with a strong operating margin of -234%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Bit Origin Limited remained robust at -$2.93M, reflecting operational efficiency. Net income rose to -$3.53M, with an EPS of -$0.99. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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