Filing Flows › Bit Digital (BTBT) › Q4 2025
Bit Digital (BTBT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Bit Digital (BTBT) reported revenue of $32.3M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +6% from the quarter before. Operating margin was -596.8%, net loss $189M (583.9% of revenue).
Bit Digital, Q4 2025: revenue $32.3M (+25% year over year), operating margin -596.8%, net loss $189M, operating cash flow −$84.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.3M | +6% | +25% |
| Operating profit | −$193M | -236% | -777% |
| Net earnings | −$189M | -225% | -752% |
| Operating cash flow | −$84.1M | — | -1248% |
What changed
Revenue was $32.3M in Q4 2025, up 25% year over year and up 6% from the previous quarter. Cloud Services was the largest line at 60% of revenue.
Operating costs exceeded revenue by $193.0M, an operating margin of -596.8%. The quarter ended with a net loss of $188.8M, after a profit of $146.7M the previous quarter. Minority interests bore $454K of it: to shareholders the quarter was a loss of $188.4M.
Operating cash flow was −$84.1M. Non-cash charges added back $11.7M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $90.8M. Capital expenditures of $121.9M exceeded it, leaving free cash flow of −$206.0M.
Questions
What was Bit Digital's revenue in the fourth quarter 2025?
Bit Digital (BTBT) reported revenue of $32.3M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +6% from the quarter before.
Was Bit Digital profitable in the fourth quarter 2025?
Operating loss was $193M (-596.8% of revenue) and net loss $189M.
Source: Bit Digital 10-K on SEC EDGAR.