Bitfarms Ltd.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Bitfarms Ltd.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 1846% to $146,366,000. The net income raised on -$104,036,000 and profit margin reached -71%. Total operating expenses were $50,627,000.
Profit Margin
| 2017 | 8.97M | 5.08M | 56.62% |
|---|---|---|---|
| 2018 | 33.80M | -9.36M | -27.7% |
| 2019 | 32.42M | 2.10M | 6.5% |
| 2020 | 34.79M | -16.28M | -46.82% |
| 2021 | 169.20M | 22.13M | 13.08% |
| 2022 | -8.38M | -239.05M | 2851.94% |
| 2023 | 146.36M | -104.03M | -71.08% |
BITF Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue | 146.36M | -8.38M | 169.20M | 34.79M | 32.42M | 33.80M | 8.97M |
Cost of revenue | 167.86M | 131.91M | 58.37M | 36.69M | 26.98M | 22.92M | 1.39M |
Gross profit | -21.50M | -140.29M | 110.83M | -1.90M | 5.43M | 10.87M | 7.57M |
Operating exp. | |||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 491K | 333K | 174K | 38K | 110K | 272K | 0 |
Total operating expenses | 50.62M | 49.34M | 48.09M | 3.38M | 4.29M | 8.81M | 177.14K |
Operating income | -72.12M | -284.02M | 37.34M | -9.30M | 2.56M | -17.99M | 7.39M |
Other income (expenses), net | -32.30M | 27.56M | 5.28M | -9.38M | -3.04M | -20.06M | -264.17K |
Income before tax | -104.43M | -256.46M | 42.63M | -16.11M | -484K | -18.17M | 7.13M |
Income tax expense | -401K | -17.41M | 20.50M | 172K | -2.59M | 59K | 2.05M |
Net income | -104.03M | -239.05M | 22.13M | -16.28M | 2.10M | -9.36M | 5.08M |
Earnings per share | |||||||
Basic EPS | -0.4 | -1.15 | 0.14 | -0.19 | 0.03 | -0.16 | 0.08 |
Diluted EPS | -0.4 | -1.15 | 0.13 | -0.19 | 0.02 | -0.16 | 0.08 |
| Data source |