Bitfarms Past Earnings Performance
Past criteria checks 0/6
Bitfarms's earnings have been declining at an average annual rate of -21.2%, while the Software industry saw earnings growing at 26% annually. Revenues have been growing at an average rate of 21.1% per year.
Key information
-21.17%
Earnings growth rate
-3.78%
EPS growth rate
| Software Industry Growth | 8.18% |
| Revenue growth rate | 21.09% |
| Return on equity | -11.48% |
| Net Margin | -25.40% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
These Analysts Think Bitfarms Ltd.'s (TSE:BITF) Sales Are Under Threat
Nov 19
Revenues Not Telling The Story For Bitfarms Ltd. (TSE:BITF) After Shares Rise 78%
Oct 28Further Upside For Bitfarms Ltd. (TSE:BITF) Shares Could Introduce Price Risks After 42% Bounce
Sep 11Even With A 64% Surge, Cautious Investors Are Not Rewarding Bitfarms Ltd.'s (TSE:BITF) Performance Completely
Jul 28Positive Sentiment Still Eludes Bitfarms Ltd. (TSE:BITF) Following 25% Share Price Slump
Jun 13
Upgraded Mining Operations With HPC And AI Will Define Success
Operational transformations and strategic acquisitions enhance efficiency and liquidity, enabling infrastructure reinvestment and potentially boosting future earnings.Positive Sentiment Still Eludes Bitfarms Ltd. (TSE:BITF) Following 33% Share Price Slump
Apr 12Bitfarms Ltd. (TSE:BITF) Stock's 31% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Feb 26Bitfarms Ltd.'s (TSE:BITF) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Dec 31Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher
Nov 12Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?
Nov 08Bitfarms Ltd.'s (TSE:BITF) Earnings Haven't Escaped The Attention Of Investors
Sep 25Why Investors Shouldn't Be Surprised By Bitfarms Ltd.'s (TSE:BITF) 75% Share Price Surge
Jun 14Bitfarms (TSE:BITF) Has Debt But No Earnings; Should You Worry?
May 22Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Sep 25 | 276 | -70 | 75 | 0 |
| 30 Jun 25 | 234 | -48 | 84 | 0 |
| 31 Mar 25 | 209 | -84 | 78 | 0 |
| 31 Dec 24 | 193 | -54 | 71 | 0 |
| 30 Sep 24 | 142 | -115 | 63 | 0 |
| 30 Jun 24 | 149 | -107 | 46 | 0 |
| 31 Mar 24 | 167 | -111 | 44 | 0 |
| 31 Dec 23 | 146 | -109 | 39 | 0 |
| 30 Sep 23 | 127 | 0 | 38 | 0 |
| 30 Jun 23 | 126 | -69 | 40 | 0 |
| 31 Mar 23 | 132 | -184 | 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 21.2% 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 (16.5%).
Return on Equity
High ROE: BITF has a negative Return on Equity (-11.48%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/20 05:18 |
| End of Day Share Price | 2025/11/20 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bitfarms Ltd. is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Martin Toner | ATB Capital Markets |
| Lucas Pipes | B. Riley Securities, Inc. |