Bitfarms Past Earnings Performance
Past criteria checks 0/6
Bitfarms's earnings have been declining at an average annual rate of -55.4%, while the Software industry saw earnings growing at 9.8% annually. Revenues have been growing at an average rate of 36% per year.
Key information
-55.4%
Earnings growth rate
-34.5%
EPS growth rate
| Software Industry Growth | 8.2% |
| Revenue growth rate | 36.0% |
| Return on equity | -35.3% |
| Net Margin | -71.1% |
| Next Earnings Update | 13 May 2024 |
Recent past performance updates
Recent updates
Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01
Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05Is Bitfarms (TSE:BITF) A Risky Investment?
Jun 02Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Apr 17Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)
Jan 10Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?
Apr 25Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet
Mar 29Returns On Capital At Bitfarms (CVE:BITF) Paint A Concerning Picture
Jan 09Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly
Dec 14Revenue & Expenses BreakdownBeta
How Bitfarms makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 146 | -104 | 39 | 0 |
| 30 Sep 23 | 127 | -64 | 38 | 0 |
| 30 Jun 23 | 126 | -130 | 40 | 0 |
| 31 Mar 23 | 132 | -246 | 46 | 0 |
| 31 Dec 22 | 142 | -176 | 52 | 0 |
| 30 Sep 22 | 175 | -213 | 58 | 0 |
| 30 Jun 22 | 187 | -104 | 59 | 0 |
| 31 Mar 22 | 181 | 34 | 54 | 0 |
| 31 Dec 21 | 169 | 22 | 43 | 0 |
| 30 Sep 21 | 121 | 7 | 27 | 0 |
| 30 Jun 21 | 83 | -21 | 18 | 0 |
| 31 Mar 21 | 54 | -21 | 8 | 0 |
| 31 Dec 20 | 35 | -16 | 8 | 0 |
| 30 Sep 20 | 34 | -10 | 8 | 0 |
| 30 Jun 20 | 37 | -1 | 9 | 0 |
| 31 Mar 20 | 38 | 2 | 11 | 0 |
| 31 Dec 19 | 32 | 3 | 10 | 0 |
| 30 Sep 19 | 27 | -11 | 9 | 0 |
| 30 Jun 19 | 24 | -16 | 9 | 0 |
| 31 Mar 19 | 22 | -17 | 9 | 0 |
| 31 Dec 18 | 34 | -9 | 9 | 0 |
| 31 Dec 17 | 52 | 29 | 1 | 0 |
Quality Earnings: BITF is currently unprofitable.
Growing Profit Margin: BITF is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BITF is unprofitable, and losses have increased over the past 5 years at a rate of 55.4% per year.
Accelerating Growth: Unable to compare BITF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BITF is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (10.4%).
Return on Equity
High ROE: BITF has a negative Return on Equity (-35.29%), as it is currently unprofitable.