BITF Income Statement - TTM - Bitfarms Ltd.

Income Statement (TTM)

Bitfarms Ltd. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	34	35	54	83	121	169	181	187	175	142	132	126	127	146	167	173	183	193	209	246
Change (%)		2.33	55.38	54.36	45.63	39.82	7.02	2.83	-6.18	-18.61	-7.22	-4.79	1.07	15.10	13.85	3.64	5.94	5.42	8.57	17.31
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	31	32	33	39	46	58	73	92	113	132	147	156	163	168	190	202	215	225	232	262
Change (%)		2.84	3.78	17.64	19.25	25.97	24.28	26.16	23.91	16.32	11.46	6.26	4.02	3.30	13.46	5.93	6.53	4.79	2.84	13.15
% of Revenue	91.27	91.72	61.26	46.68	38.23	34.44	39.99	49.07	64.81	92.62	111.25	124.18	127.79	114.69	114.30	116.83	117.48	116.78	110.61	106.69

Gross Operating Profit	3	3	21	44	75	111	109	95	62	11	-15	-30	-35	-22	-24	-29	-32	-32	-22	-16
Change (%)		-3.00	627.11	112.44	68.73	48.40	-2.05	-12.73	-35.17	-82.92	-241.40	104.52	16.20	-39.16	10.83	21.97	10.06	1.16	-31.34	-26.08
% of Revenue	8.73	8.28	38.74	53.32	61.77	65.56	60.01	50.93	35.19	7.38	-11.25	-24.18	-27.79	-14.69	-14.30	-16.83	-17.48	-16.78	-10.61	-6.69

SG&A	8	8	8	18	27	43	54	59	58	52	46	40	38	39	44	47	67	71	78	87
Change (%)		-1.72	0.17	111.76	51.86	62.70	25.50	8.82	-0.99	-11.90	-10.65	-13.55	-4.84	3.79	12.31	7.36	40.59	6.96	9.79	11.53
% of Revenue	24.75	23.77	15.33	21.02	21.92	25.51	29.91	31.66	33.41	36.16	34.83	31.62	29.77	26.85	26.48	27.43	36.40	36.93	37.35	35.51

R&D
Change (%)
% of Revenue

OpEx	39	40	41	56	73	102	127	151	172	183	193	199	203	210	238	249	282	296	310	349
Change (%)		1.87	3.04	36.47	29.37	39.36	24.80	18.74	14.14	6.72	5.25	3.09	2.19	3.34	13.05	4.86	13.01	5.30	4.51	12.74
% of Revenue	116.02	115.49	76.59	67.71	60.15	59.95	69.91	80.73	98.21	128.78	146.08	158.18	159.93	143.59	142.58	144.26	153.89	153.71	147.96	142.20

Operating Income	-5	-5	13	27	48	68	55	36	3	-41	-61	-73	-76	-64	-71	-76	-99	-104	-100	-104
Change (%)		-1.01	-334.81	112.89	79.71	40.53	-19.59	-34.14	-91.31	-1,411.62	48.57	20.21	4.10	-16.28	11.23	7.73	28.98	5.08	-3.05	3.21
% of Revenue	-16.02	-15.49	23.41	32.29	39.85	40.05	30.09	19.27	1.79	-28.78	-46.08	-58.18	-59.93	-43.59	-42.58	-44.26	-53.89	-53.71	-47.96	-42.20

Interest Expense	-5	-6	-6	-5	-4	-3	-6	-9	-12	-14	-13	-9	-7	-4	-3	-2	-2	-2	-2	-4
Change (%)		11.59	-7.98	-9.79	-14.37	-21.18	61.75	65.96	28.38	20.65	-9.77	-27.46	-27.71	-39.38	-30.45	-23.76	-17.43	-2.69	15.36	89.83
% of Revenue	-16.13	-17.59	-10.42	-6.09	-3.58	-2.02	-3.05	-4.92	-6.74	-9.98	-9.71	-7.40	-5.29	-2.79	-1.70	-1.25	-0.98	-0.90	-0.96	-1.55

Net Income	-10	-16	-21	-21	7	22	34	-104	-213	-176	-184	-69	-0	-109	-111	-111	-131	-54	-84	-86
Change (%)		66.37	31.81	-0.26	-133.06	212.61	54.79	-403.58	104.38	-17.36	4.68	-62.68	-99.54	34,588.54	2.09	-0.06	18.12	-58.82	55.30	2.67
% of Revenue	-28.87	-46.94	-39.82	-25.73	5.84	13.06	18.88	-55.75	-121.45	-123.32	-139.13	-54.54	-0.25	-74.42	-66.73	-64.35	-71.75	-28.03	-40.09	-35.09

Source: Capital IQ

Bitfarms Ltd. - Income Statement (TTM)

Income Statement (TTM)

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