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Bit Digital BTBT Operating margin

Operating margin at other companies

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20.8%+4.8pp
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10.8%+2.3pp
Marathon Digital Holdings logo
Marathon Digital HoldingsMARA
-201%-785pp
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WhiteFiber, Inc. Ordinary SharesWYFI
-47.3%
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Sharplink, Inc. SBET
-3,600.5%-3,725pp

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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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.

Based on trailing twelve months.

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 operating margin?
Bit Digital (BTBT) reported operating margin of -156.7% in Q1 2026.
How has Bit Digital's operating margin changed year-over-year?
Bit Digital's operating margin decreased by 123.8% year-over-year, from -70% to -156.7%.
What is the long-term trend for Bit Digital's operating margin?
Over 3 years (2022 to 2025), Bit Digital's operating margin has grown at a -37.5% compound annual growth rate (CAGR), from -331.8% to -80.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.