Revenue Breakdown
Composition ()
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Revenue Streams
Bitfarms Ltd (BITF) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Backbone, accounting for 97.1% of total sales, equivalent to $43.46M. Another important revenue stream is Volta. Understanding this composition is critical for investors evaluating how BITF navigates market cycles within the Blockchain & Cryptocurrency industry.
Profitability & Margins
Evaluating the bottom line, Bitfarms Ltd maintains a gross margin of -4.16%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -28.76%, while the net margin is -66.80%. These profitability ratios, combined with a Return on Equity (ROE) of -12.50%, provide a clear picture of how effectively BITF converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, BITF competes directly with industry leaders such as CSGS and INOD. With a market capitalization of $1.56B, it holds a significant position in the sector. When comparing efficiency, BITF's gross margin of -4.16% stands against CSGS's 46.70% and INOD's 40.29%. Such benchmarking helps identify whether Bitfarms Ltd is trading at a premium or discount relative to its financial performance.
