Bitfarms Financial Statements From 2010 to 2026

Bitfarms Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 806.1 M 767.8 M 230.2 M Slightly volatile Other Current Liabilities 19.6 M 13.9 M 10.9 M Slightly volatile Total Current Liabilities 52.3 M 41.7 M 30.3 M Slightly volatile Total Stockholder Equity 734.2 M 699.2 M 190.2 M Slightly volatile Property Plant And Equipment Net 511.3 M 486.9 M 136.1 M Slightly volatile Accounts Payable 26.5 M 25.2 M 9 M Slightly volatile Cash 43.1 M 68.5 M 26.8 M Slightly volatile Non Current Assets Total 548.1 M 522 M 154.3 M Slightly volatile Cash And Short Term Investments 177.3 M 168.9 M 49.9 M Slightly volatile Net Receivables 1.4 M 1.4 M 1.9 M Slightly volatile Common Stock Shares Outstanding 500.7 M 476.9 M 158.8 M Slightly volatile Liabilities And Stockholders Equity 806.1 M 767.8 M 230.2 M Slightly volatile Non Current Liabilities Total 14.8 M 26.9 M 9.2 M Slightly volatile Capital Surpluse 44.2 M 77.6 M 33.5 M Slightly volatile Inventory 1.4 M 1.4 M 569.3 K Slightly volatile Other Current Assets 77.8 M 74.1 M 23.5 M Slightly volatile Other Stockholder Equity 41.2 M 77.6 M 32.7 M Slightly volatile Total Liabilities 67.1 M 68.6 M 39.4 M Slightly volatile Total Current Assets 258.1 M 245.8 M 75.9 M Slightly volatile Intangible Assets 4.9 M 4.6 M 3.5 M Slightly volatile Common Stock 1 B 980.1 M 249.1 M Slightly volatile Property Plant Equipment 448.6 M 427.3 M 123.9 M Slightly volatile Short and Long Term Debt Total 38.5 M 26.9 M 19.1 M Slightly volatile Other Liabilities 2.5 M 2.3 M 1.3 M Slightly volatile Net Tangible Assets 157.6 M 293.9 M 105.6 M Slightly volatile Current Deferred Revenue 15.4 M 14.7 M 5.3 M Slightly volatile Non Currrent Assets Other 26.2 M 30.4 M 13.5 M Slightly volatile Net Invested Capital 736.1 M 701 M 198.4 M Slightly volatile Short and Long Term Debt 159.5 K 167.9 K 8.5 M Pretty Stable Capital Stock 1 B 980.1 M 251 M Slightly volatile Capital Lease Obligations 15.9 M 25.1 M 10.9 M Slightly volatile Property Plant And Equipment Gross 347.8 M 685.8 M 212.1 M Slightly volatile Cash And Equivalents 56.5 M 68.5 M 26.6 M Slightly volatile
Bitfarms Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Interest Income 51.4 M 48.9 M 11 M Slightly volatile Depreciation And Amortization 170.2 M 162.1 M 42.7 M Slightly volatile Selling General Administrative 87.7 M 83.6 M 23.8 M Slightly volatile Total Revenue 232.9 M 221.8 M 95.4 M Slightly volatile Other Operating Expenses 362.8 M 345.5 M 115.8 M Slightly volatile Cost Of Revenue 272 M 259 M 73.8 M Slightly volatile Total Operating Expenses 71.3 M 86.5 M 40.9 M Slightly volatile Interest Expense 1.9 M 2 M 2.2 M Slightly volatile Selling And Marketing Expenses 870.6 K 829.1 K 353.8 K Slightly volatile Reconciled Depreciation 170.2 M 162.1 M 46.2 M Slightly volatile
Bitfarms Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Sale Purchase Of Stock 360.3 M 343.2 M 93.8 M Slightly volatile Other Cashflows From Financing Activities 15.3 M 8.6 M 36.5 M Slightly volatile Depreciation 170.2 M 162.1 M 42.7 M Slightly volatile Capital Expenditures 410.4 M 390.8 M 135.8 M Slightly volatile Total Cash From Financing Activities 355.6 M 338.6 M 117.7 M Slightly volatile End Period Cash Flow 46.2 M 68.5 M 37.7 M Slightly volatile Stock Based Compensation 11.8 M 16 M 6.4 M Slightly volatile Begin Period Cash Flow 101.5 M 96.6 M 28.7 M Slightly volatile Issuance Of Capital Stock 349.6 M 333 M 83.9 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 2.65 2.88 4.2511 Slightly volatile PTB Ratio 1.11 1.17 2.2326 Very volatile Days Sales Outstanding 21.3 19.52 20.2053 Pretty Stable Book Value Per Share 0.75 1.32 0.7673 Slightly volatile Stock Based Compensation To Revenue 0.0694 0.0651 0.054 Slightly volatile Capex To Depreciation 4.39 2.77 7.3908 Slightly volatile PB Ratio 1.11 1.17 2.2326 Very volatile EV To Sales 3.66 3.47 4.1479 Slightly volatile Inventory Turnover 129 172 95.0381 Slightly volatile Days Of Inventory On Hand 2.09 2.2 54.0935 Slightly volatile Payables Turnover 8.0 9.25 5.8495 Slightly volatile Sales General And Administrative To Revenue 0.23 0.34 0.273 Slightly volatile Capex To Revenue 1.67 1.59 1.3059 Pretty Stable Cash Per Share 0.22 0.32 0.1968 Slightly volatile Days Payables Outstanding 38.8 40.84 568 Slightly volatile Intangibles To Total Assets 0.0066 0.007 0.0715 Slightly volatile Current Ratio 5.57 5.3 2.1123 Slightly volatile Tangible Book Value Per Share 0.73 1.31 0.7163 Slightly volatile Receivables Turnover 18.39 19.36 37.3432 Slightly volatile Shareholders Equity Per Share 0.74 1.32 0.7613 Slightly volatile Debt To Equity 0.0421 0.0443 0.2536 Very volatile Capex Per Share 0.43 0.74 0.4249 Slightly volatile Revenue Per Share 0.44 0.42 0.3758 Slightly volatile Interest Debt Per Share 0.0663 0.0698 0.1351 Slightly volatile Debt To Assets 0.0383 0.0403 0.1217 Pretty Stable Graham Number 2.53 2.41 1.6204 Slightly volatile Operating Cycle 38.81 21.71 75.2053 Slightly volatile Price Book Value Ratio 1.11 1.17 2.2326 Very volatile Days Of Payables Outstanding 38.8 40.84 568 Slightly volatile Company Equity Multiplier 1.85 1.26 1.4812 Pretty Stable Long Term Debt To Capitalization 0.0026 0.0027 0.0454 Pretty Stable Total Debt To Capitalization 0.0405 0.0426 0.151 Very volatile Debt Equity Ratio 0.0421 0.0443 0.2536 Very volatile Quick Ratio 5.54 5.27 2.0663 Slightly volatile Cash Ratio 1.55 1.48 0.8397 Slightly volatile Days Of Inventory Outstanding 2.09 2.2 54.0935 Slightly volatile Days Of Sales Outstanding 21.3 19.52 20.2053 Pretty Stable Price To Book Ratio 1.11 1.17 2.2326 Very volatile Fixed Asset Turnover 0.89 0.52 0.6381 Slightly volatile Debt Ratio 0.0383 0.0403 0.1217 Pretty Stable Price Sales Ratio 2.65 2.88 4.2511 Slightly volatile Asset Turnover 0.58 0.33 0.4097 Slightly volatile Price Fair Value 1.11 1.17 2.2326 Very volatile
Bitfarms Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 752.4 M 716.5 M 438.5 M Slightly volatile Enterprise Value 713.7 M 679.8 M 415.1 M Slightly volatile

Bitfarms Fundamental Market Drivers

About Bitfarms Financial Statements

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms Details

Is Bitfarms Stock a good investment? Details

What is Bitfarms' Net Worth? Details

Largest Asset Management & Custody Banks Companies View

Largest Financial Services Companies View

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Earnings Projections Details

It's important to distinguish between Bitfarms' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bitfarms should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Bitfarms' market price signifies the transaction level at which participants voluntarily complete trades.