Bit Digital, Inc. (BTBT) intrinsic value & 10-year financials
Bit Digital, Inc. (BTBT) has a Graham intrinsic value of $6.31 per share. At $0.96 on Oct 17, 2026, the stock trades 85% below that value. Over the last 5 fiscal years revenue grew 52.1% a year to $113.6M, with an average return on invested capital of -26.0%.
- Graham intrinsic value
- $6.31
- Share price (Oct 17, 2026)
- $0.96
- Price vs Graham value
- 85% below
- Market cap
- $247.5M
- Revenue (FY2025)
- $113.6M
- Revenue growth (5-yr CAGR)
- 52.1%
- ROIC (10-yr avg)
- -26.0%
- Free cash flow (FY2025)
- -$574.9M
BTBT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $113.6M | -$80.3M | -$0.31 | -$574.9M | -80.9% | -18.1% |
| FY2024 | $108.1M | $28.3M | $0.19 | -$107.0M | 25.5% | 9.3% |
| FY2023 | $44.9M | -$13.9M | -$0.16 | -$65.6M | -37.0% | -11.9% |
| FY2022 | $32.3M | -$105.3M | -$1.34 | -$27.8M | -331.8% | -83.5% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Bit Digital, Inc revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Bit Digital, Inc has historically struggled to out-earn its cost of capital, averaging just -26.0% ROIC.
Bit Digital, Inc capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Bit Digital, Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.31 per share.