Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Bitfarms Ltd. (BITF) had Return on Tangible Equity of -37.41% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$229.28M
Net Income	$-284.54M
Cost of Goods Sold	$248.18M
Gross Profit	$-18.90M
Operating Expenses	$350.43M
Operating Income	$-121.16M
Non-Operating Income/Expense	$-87.25M
Pre-Tax Income	$-208.41M
Normalized Pre-Tax Income	$-179.97M
Income after Taxes	$-208.51M
Income from Continuous Operations	$-208.51M
Consolidated Net Income/Loss	$-284.54M
Normalized Income after Taxes	$-180.09M
EBIT	$-121.16M
EBITDA	$1.47M
Weighted-Average Shares Outstanding (Basic)	551.68M
Weighted-Average Shares Outstanding (Diluted)	551.68M
Earnings per Share (EPS) (Basic)	$-0.52
Earnings per Share (EPS) (Diluted)	$-0.52
Balance Sheet Financials
Current Assets	$826.47M
Property, Plant, and Equipment	$358.33M
Long-Term Assets	$469.88M
Total Assets	$1.30B
Current Liabilities	$148.11M
Long-Term Debt	$574.42M
Long-Term Liabilities	$587.86M
Total Liabilities	$735.97M
Common Equity	$560.37M
Tangible Shareholders Equity	$557.39M
Shareholders Equity	$560.38M
Common Shares Outstanding	601.58M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$-226.59M
Cash Flow from Investing Activities	$103.74M
Cash Flow from Financial Activities	$694.28M
Beginning Cash	$59.54M
End Cash	$630.96M
Increase/Decrease in Cash	$571.42M
Stock-Based Compensation	$14.98M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	5.58
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.51
Debt to Equity Ratio	1.20
Gross Margin	-8.25%
Operating Margin	-52.84%
EBIT Margin	-52.84%
EBITDA Margin	0.64%
Pre-Tax Profit Margin	-90.90%
Profit Margin	-124.11%
Free Cash Flow	$-297.95M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.18
Inventory Turnover	28.61
Receiveable Turnover	41.91
Days Sales in Receivables	8.71
Return on Equity	-37.21%
Return on Tangible Equity	-37.41%
Return on Assets	-16.08%
Return on Investments	-18.37%
Book Value Per Share	$0.93
Free Cash Flow per Share	$-0.54
Operating Cash Flow per Share	$-0.41

Data from Zacks Investment Research, Inc.