Filing Flows › Bit Digital (BTBT) › Q1 2026
Bit Digital (BTBT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Bit Digital (BTBT) reported revenue of $27.9M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -14% from the quarter before. Operating margin was -511.8%, net loss $150M (538.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.9M | -14% | +11% |
| Operating profit | −$143M | — | — |
| Net earnings | −$150M | — | — |
| Operating cash flow | −$1.1M | — | -106% |
What changed
Revenue was $27.9M in Q1 2026, up 11% year over year and down 14% from the previous quarter. Cloud Services was the largest line at 60% of revenue. Colocation Services added $3.1M year over year (up 190%), 111% of the total change. Digital Asset Mining declined 52%.
Operating costs exceeded revenue by $142.9M, an operating margin of -511.8%. Total costs grew 121% against revenue growth of 11%. The fastest-growing cost line was General & admin (+235%). The quarter ended with a net loss of $150.3M, narrower than the previous quarter's $188.8M loss. Minority interests bore $3.6M of it: to shareholders the quarter was a loss of $146.7M.
Operating cash flow was −$1.1M. Non-cash charges added back $10.0M of depreciation and amortization and $15.3M of share-based compensation. Working capital and other items added $123.8M. Capital expenditures of $169.2M exceeded it, leaving free cash flow of −$170.3M.
Questions
What was Bit Digital's revenue in the first quarter 2026?
Bit Digital (BTBT) reported revenue of $27.9M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -14% from the quarter before.
Was Bit Digital profitable in the first quarter 2026?
Operating loss was $143M (-511.8% of revenue) and net loss $150M.
Source: Bit Digital 10-Q on SEC EDGAR.