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Bit Digital BTBT Introducing broker commissions

Introducing broker commissions at other companies

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BankUnitedBKU
$14.3M-1.4%
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$11.57M+8.9%
Bit Digital logo
Bit DigitalBTBT
$12.3M+669%
Bit Digital logo
Bit DigitalBTBT
$12.3M+669%
White Mountains Insurance Group logo
White Mountains Insurance GroupWTM
$23.3M+17.7%
Bowhead Specialty Holdings logo
Bowhead Specialty HoldingsBOW
$30.66M+29.6%

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$453.6M-52.7%
Enterprise value$399.44M-51.2%
P/S3.9×-5.8×

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

Reported directly by Bit Digital in its filing.

Tagged under the XBRL concept us-gaap:NoninterestExpenseCommissionExpense.

The source filing: Bit Digital’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001213900-26-057116

The Company capitalizes commission expenses directly related to obtaining customer contracts, which would not have been incurred if the contract had not been obtained. As of March 31, 2026, capitalized costs to obtain a contract totaled $24.2 million, and the outstanding commission expense payable was $12.3 million, which is included within Other payables and accrued liabilities. As of December 31, 2025, capitalized costs to obtain a contract totaled $25.2 million, and the outstanding commission expense payable was $13.7 million.

Item 1. Financial Statements.

FAQ

What is Bit Digital's introducing broker commissions?
Bit Digital (BTBT) reported introducing broker commissions of $12.3M in Q1 2026.
How has Bit Digital's introducing broker commissions changed year-over-year?
Bit Digital's introducing broker commissions increased by 668.8% year-over-year, from $1.6M to $12.3M.
What does introducing broker commissions mean?
Fees paid to third-party brokers or intermediaries for facilitating transactions or securing business contracts. This represents a variable cost of revenue associated with customer acquisition or trade execution.

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