What is Bit Digital's cash ratio?

Bit Digital (BTBT) reported cash ratio of 1.1× in Q1 2026.

How has Bit Digital's cash ratio changed year-over-year?

Bit Digital's cash ratio decreased by 16.0% year-over-year, from 1.3× to 1.1×.

What is the long-term trend for Bit Digital's cash ratio?

Over 2 years (2023 to 2025), Bit Digital's cash ratio has grown at a 40.0% compound annual growth rate (CAGR), from 0.7× to 1.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Bit Digital BTBT Cash ratio

Cash ratio at other companies

Equinix, Inc.EQIX

0.3×-0.6×

Marathon Digital HoldingsMARA

1.6×+1.0×

WYF

WhiteFiber, Inc. Ordinary SharesWYFI

1.1×—

TeraWulfWULF

1.3×-0.5×

Galaxy Digital Inc. Class A Common StockGLXY

0.2×—

Sharplink, Inc. SBET

3.1×+2.4×

Other financials

Income statement

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Revenue$27.9M+11.2%

Operating income-$142.9M-173%

Net income-$146.7M-154%

EPS (diluted)-$0.45-40.6%

Balance sheet

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Cash & equivalents$83.9M+36.8%

Total debt$29.7M+103%

Total equity$469.2M+12.4%

Total assets$1.2B+143%

Cash flow

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Operating cash flow-$1.1M-106%

CapEx$169.2M+160%

Free cash flow-$170.3M-258%

Valuation

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Market cap$673.94M+38.7%

Enterprise value$619.77M+41.1%

P/S5.8×+1.1×

Profitability

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Operating margin-156.7%-816pp

Net margin-145.4%+1,071pp

FCF margin-599.3%-855pp

Returns & leverage

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Return on equity-38.2%+67.7pp

Debt / equity0.1×0.0×

Current ratio6.4×+2.5×

Where this comes from

Calculated from Bit Digital’s reported figures.

cash and equivalents/total current liabilities=1.1×

Based on the most recent quarter.

The official record: Bit Digital’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bit Digital's cash ratio?: Bit Digital (BTBT) reported cash ratio of 1.1× in Q1 2026.
How has Bit Digital's cash ratio changed year-over-year?: Bit Digital's cash ratio decreased by 16.0% year-over-year, from 1.3× to 1.1×.
What is the long-term trend for Bit Digital's cash ratio?: Over 2 years (2023 to 2025), Bit Digital's cash ratio has grown at a 40.0% compound annual growth rate (CAGR), from 0.7× to 1.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.