Bitfarms Past Earnings Performance
Past criteria checks 0/6
Bitfarms's earnings have been declining at an average annual rate of -47.9%, while the Software industry saw earnings growing at 13.3% annually. Revenues have been growing at an average rate of 34.2% per year.
Key information
-47.9%
Earnings growth rate
-27.1%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 34.2% |
| Return on equity | -29.1% |
| Net Margin | -63.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Bitfarms: Good Q1, But Recent Troubles Create Concerns
Jun 14Bitfarms: A Bidding War Could Be Brewing
Jun 03Bitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)
May 16Bitfarms: Efficiency Deserves A Price Premium
Apr 29Not A Buy Until Bitfarms Makes Money
Mar 21Don't Bet The Farm On Bitfarms
Mar 11Bitfarms: The Adverse Ripple Effect Of 'Slow And Steady'
Feb 02Bitfarms: Slow And Steady Lose The Race
Jan 26Bitfarms mines 10% less bitcoins in September, sells 544 BTC
Oct 03Bitfarms tops 4 EH/s hashrate as production kicks off at Rio Cuarto warehouse
Sep 19Revisiting Bitfarms After Its Outstanding Second Quarter
Aug 30Bitcoin falls toward $21K, pulling down Hut 8, Marathon Digital, Riot shares
Aug 19Bitfarms Q2 2022 Earnings Preview
Aug 12Bitfarms records 270% increase in July hashrate and 28% growth in new mined bitcoin
Aug 01Bitfarms In Distress But Still Functional
Jul 09Bitfarms: Experience, Execution Vs. The Crypto Cold Snap
Jun 28Bitfarms: Higher Risk, Higher Reward
May 20The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.
May 12Revenue & 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 |
|---|---|---|---|---|
| 31 Mar 24 | 167 | -106 | 44 | 0 |
| 31 Dec 23 | 146 | -104 | 39 | 0 |
| 30 Sep 23 | 127 | -1 | 38 | 0 |
| 30 Jun 23 | 126 | -67 | 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 47.9% 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 (23.1%).
Return on Equity
High ROE: BITF has a negative Return on Equity (-29.09%), as it is currently unprofitable.