Aureus
FRed Flag

BITF(BITF)

F

Financial data as of Dec 31, 2025Improving · Crypto Related

FCF Margin-157.9%Free Cash Flow / Revenue
Cash Conversion108.7%Operating CF / Net Income
Free Cash Flow-$347.1M
Revenue$229.3M
Net Cash-$110.3MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio5.58Adequate short-term liquidity
YoY FCF Growth+47.7%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 4 of last 4 quarters
→
+1Strong YoY FCF growth (47.7% YoY)
→
-1Only 0 positive quarters recently
→
-0.5Declining revenue (-10.6% YoY) with weak FCF margin
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (109%)
  • Strong liquidity (current ratio: 5.58)
  • Strong YoY FCF growth (+47.7%)

Concerns

  • Negative FCF margin (-157.9%)
  • Net debt position ($0.1B)
  • Only 0 positive FCF quarters recently
  • Revenue declining (-10.6% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-157.9%
Net Margin-90.9%
Operating CF Margin-98.8%
CapEx Ratio52.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$110.3MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio5.58Strong liquidity
Debt / Equity1.22Moderate leverage

Quarterly FCF Trend

+47.7% YoYImproving (+47.7%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameBITF
SectorCrypto Related
Free Cash Flow-$347.1M
Revenue$229.3M
Net Income-$208.5M
Operating Cash Flow-$226.6M
Capital Expenditure$120.5M
FCF Margin-157.9%
Cash Conversion Rate108.7%
Net Margin-90.9%
Total Debt$683.8M
Total Cash$573.5M
Net Cash-$110.3M
Current Ratio5.58
Debt / Equity1.22
Debt / FCFN/A
YoY FCF Growth+47.7%
Positive Quarters0 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

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