Filing Flows › Bit Digital (BTBT) › Q3 2025
Bit Digital (BTBT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Bit Digital (BTBT) reported revenue of $30.5M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +19% from the quarter before. Operating margin was 465.5%, net earnings $151M (495.3% of revenue).
Bit Digital, Q3 2025: revenue $30.5M (+33% year over year), operating margin 465.5%, net earnings $151M, operating cash flow −$240M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | +19% | +33% |
| Operating profit | $142M | 12× | — |
| Net earnings | $151M | +914% | — |
| Operating cash flow | −$240M | -1456% | — |
What changed
Revenue was $30.5M in Q3 2025, up 33% year over year and up 19% from the previous quarter. Cloud Services was the largest line at 59% of revenue. Cloud Services added $5.9M year over year (up 48%), 77% of the total change. Digital Asset Mining declined 27%.
Operating profit was $141.8M, a 465.5% margin (up 625.8 points year over year). Net earnings were $150.9M ($146.7M including minority interests, which bore $4.2M of losses). The effective tax rate was 0.5%.
Operating cash flow was −$240.0M. Non-cash charges added back $9.6M of depreciation and amortization and $15.2M of share-based compensation. Working capital and other items used $411.6M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$256.8M.
Questions
What was Bit Digital's revenue in the third quarter 2025?
Bit Digital (BTBT) reported revenue of $30.5M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +19% from the quarter before.
Was Bit Digital profitable in the third quarter 2025?
Operating profit was $142M (465.5% of revenue) and net earnings $151M.
Source: Bit Digital 10-Q on SEC EDGAR.