Aureus
FRed Flag

Bitfarms Ltd.(BITF)

F

Financial data as of Dec 31, 2024Improving · Crypto Related

Note: This data is from Sep 30, 2025 (183 days old). Quarterly earnings may have been released since then.

FCF Margin-249.1%Free Cash Flow / Revenue
Cash Conversion260.0%Operating CF / Net Income
Free Cash Flow-$480.4M
Revenue$192.9M
Net Cash$36.1MCash exceeds debt
Debt / FCFN/AElevated debt burden
Current Ratio5.89Adequate short-term liquidity
YoY FCF Growth+54.7%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 (54.7% YoY)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (260%)
  • Net cash position ($0.0B)
  • Strong liquidity (current ratio: 5.89)
  • Strong YoY FCF growth (+54.7%)

Concerns

  • Negative FCF margin (-249.1%)
  • Only 0 positive FCF quarters recently

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-249.1%
Net Margin-28.0%
Operating CF Margin-72.9%
CapEx Ratio176.2%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$36.1MCash exceeds debt
Debt / FCFN/AElevated debt burden
Current Ratio5.89Strong liquidity
Debt / Equity0.04Low leverage

Quarterly FCF Trend

+54.7% YoYImproving (+54.7%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameBitfarms Ltd.
SectorCrypto Related
Free Cash Flow-$480.4M
Revenue$192.9M
Net Income-$54.1M
Operating Cash Flow-$140.6M
Capital Expenditure$339.9M
FCF Margin-249.1%
Cash Conversion Rate260.0%
Net Margin-28.0%
Total Debt$23.4M
Total Cash$59.5M
Net Cash$36.1M
Current Ratio5.89
Debt / Equity0.04
Debt / FCFN/A
YoY FCF Growth+54.7%
Positive Quarters0 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance

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