Btc Digital Ltd. (BTCT) intrinsic value & 10-year financials

Btc Digital Ltd. (BTCT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue shrank 23.3% a year to $9.1M, with an average return on invested capital of 12.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.74
Market cap
$1.1M
Revenue (FY2023)
$9.1M
Revenue growth (3-yr CAGR)
-23.3%
ROIC (10-yr avg)
12.0%
Free cash flow (FY2023)
$1.3M

BTCT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2023 $9.1M -$2.8M — $1.3M -27.3% -14.3%
FY2022 $11.8M $7.7M — -$39.9M 8.8% 38.2%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

BTC Digital Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

BTC Digital Ltd. returns on capital have been average, hovering around 12.0% ROIC over the decade.

BTC Digital Ltd. 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, BTC Digital Ltd. is modeled at -23.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-370.22 per share.

BTCT stock: frequently asked questions

Does Btc Digital Ltd. generate free cash flow?

Btc Digital Ltd. generated $1.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2023. Free cash flow was positive in 1 of the last 2 reported years.

What is BTCT's return on invested capital?

Average ROIC over the last 3 fiscal years was 12.0%, and average return on equity was 24.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BTCT data come from?

From Btc Digital Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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