Filing Flows › Bit Digital (BTBT) › Q2 2025
Bit Digital (BTBT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Bit Digital (BTBT) reported revenue of $25.7M for the second quarter 2025 (Q2 2025), -12% from a year earlier and +2% from the quarter before. Operating margin was 45.7%, net earnings $14.9M (58.0% of revenue).
Bit Digital, Q2 2025: revenue $25.7M (-12% year over year), operating margin 45.7%, net earnings $14.9M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.7M | +2% | -12% |
| Operating profit | $11.7M | — | — |
| Net earnings | $14.9M | — | — |
| Operating cash flow | $17.7M | +2% | — |
What changed
Revenue was $25.7M in Q2 2025, down 12% year over year and up 2% from the previous quarter. Cloud Services was the largest line at 65% of revenue. Digital Asset Mining lost $9.4M year over year (down 59%), 279% of the total change.
Operating profit was $11.7M, a 45.7% margin (up 85.3 points year over year). Total costs fell 66% while revenue fell 12%. Net earnings were $14.9M. The effective tax rate was 9.7%. Non-operating items added $4.7M, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.7M, 119% of net earnings. Non-cash charges added back $8.2M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items used $12.3M. Capital expenditures of $82.2M exceeded it, leaving free cash flow of −$64.5M.
Questions
What was Bit Digital's revenue in the second quarter 2025?
Bit Digital (BTBT) reported revenue of $25.7M for the second quarter 2025 (Q2 2025), -12% from a year earlier and +2% from the quarter before.
Was Bit Digital profitable in the second quarter 2025?
Operating profit was $11.7M (45.7% of revenue) and net earnings $14.9M.
Source: Bit Digital 10-Q on SEC EDGAR.