Filing Flows › Bit Digital (BTBT) › Q1 2026 › vs Q4 2025
Bit Digital (BTBT) Q1 2026 vs Q4 2025 (quarter over quarter)
Bit Digital's revenue fell $4.4M (-14%) from $32.3M in Q4 2025 to $27.9M in Q1 2026. The biggest changes: Cloud Services −$2.5M (-13%); Digital Asset Mining −$1.8M (-33%); ETHStaking −$955K (-29%).
Bit Digital, Q1 2026: revenue $27.9M (+11% year over year), operating margin -511.8%, net loss $150M, operating cash flow −$1.1M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Cloud Services | $16.8M | $19.3M | −$2.5M | -13% |
| Colocation Services | $4.8M | $3.9M | $919K | +24% |
| Digital Asset Mining | $3.7M | $5.5M | −$1.8M | -33% |
| ETHStaking | $2.3M | $3.3M | −$955K | -29% |
| Other | $383K | $424K | −$40K | -10% |
| Revenue | $27.9M | $32.3M | −$4.4M | -14% |
| Net loss | $150M | $189M | −$38.5M | -20% |
| Costs & expenses | $178M | $226M | −$47.9M | -21% |
| Operating costs | $171M | $225M | −$54.5M | -24% |
| Interest & other, net | $6.9M | $786K | $6.2M | +784% |
| Income tax | $422K | −$5.0M | $5.4M | — |
| General & admin | $27.6M | $19.9M | $7.7M | +39% |
| Other operating costs | $143M | $205M | −$62.2M | -30% |
| Operating cash sources | $150M | $189M | −$38.5M | -20% |
| Depreciation & amortization | $10.0M | $11.7M | −$1.7M | -14% |
| Share-based compensation | $15.3M | $2.2M | $13.1M | +596% |
| Working capital & other | $124M | $90.8M | $33.0M | +36% |
| Cash used in operations | $1.1M | $84.1M | −$83.0M | -99% |
| Net loss absorbed | $150M | $189M | −$38.5M | -20% |
Questions
How much did Bit Digital's revenue grow quarter over quarter in Q1 2026?
Bit Digital's revenue fell $4.4M (-14%) from $32.3M in Q4 2025 to $27.9M in Q1 2026.
What drove Bit Digital's revenue change in Q1 2026?
Cloud Services −$2.5M (-13%); Digital Asset Mining −$1.8M (-33%); ETHStaking −$955K (-29%).