BTBTBit Digital, Inc
Finance Services
- Revenue
- $114M
- 5.1% YoY
- Operating margin
- -80.9%
- 417% YoY
- EBITDA
- −$55M
- 192% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $20M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired22% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $96M | $32M | $45M | $108M | $114M | 5.1% |
| Operating income | $6M | −$107M | −$17M | $28M | −$92M | 433% |
| Net income | −$1M | −$105M | −$14M | $28M | −$80M | 384% |
| Operating cash flow | −$17M | −$8M | $1M | −$13M | −$289M | 2125% |
| Capex | $47M | $19M | $67M | $94M | $286M | 204% |
| Stock-based comp | $22M | $2M | $9M | $10M | $25M | 149% |
| Buybacks | $1M | $77K | — | — | — | |
| Dividends | — | — | $2M | — | $800K |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | $4M | -68 | — |
| FY2024 | — | $5M | -52 | — |
| FY2023 | — | $2M | -30 | — |