Filing Flows › Bit Digital (BTBT) › Q4 2024
Bit Digital (BTBT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
Bit Digital (BTBT) reported revenue of $25.8M for the fourth quarter 2024 (Q4 2024) and +13% from the quarter before. Operating margin was 110.5%, net earnings $29.0M (112.4% of revenue).
Bit Digital, Q4 2024: revenue $25.8M, operating margin 110.5%, net earnings $29.0M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.8M | +13% | — |
| Operating profit | $28.5M | — | — |
| Net earnings | $29.0M | — | — |
| Operating cash flow | $7.3M | -27% | — |
What changed
Revenue was $25.8M in Q4 2024, up 13% from the previous quarter.
Operating profit was $28.5M, a 110.5% margin. Net earnings were $29.0M. The effective tax rate was 4.1%.
Operating cash flow was $7.3M, 25% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $34.3M. Capital expenditures of $86.8M exceeded it, leaving free cash flow of −$79.5M.
Questions
What was Bit Digital's revenue in the fourth quarter 2024?
Bit Digital (BTBT) reported revenue of $25.8M for the fourth quarter 2024 (Q4 2024) and +13% from the quarter before.
Was Bit Digital profitable in the fourth quarter 2024?
Operating profit was $28.5M (110.5% of revenue) and net earnings $29.0M.
Source: Bit Digital 10-K on SEC EDGAR.