Bit Digital (BTBT) Q3 FY2026 earnings: revenue $27 million, down 11.2% on the year
Bit Digital, Inc. (BTBT) reported revenue of $27 million for Q3 FY2026, the quarter ended 30 September 2026, down 11.2% on the same quarter a year earlier. Net income was $28 million, down 81.1% on the year, and diluted earnings per share $0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.
Revenue
$27 million
-11.2% on the year · -15.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
239.5%
465.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$28 million
-81.1% on the year
Q4 FY2024Q3 FY2026
Diluted EPS
$0.08
-83.0% on the year
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Quarterly revenue fell 11% year over year: Third-quarter revenue was $27.1 million against $30.5 million a year earlier. The June 30 release reported second-quarter revenue of $32.1 million.
Net income positive on digital asset gains: Net income attributable to Bit Digital shareholders was $28.5 million, or $0.08 per diluted share. Gains on digital assets and related items were about $16.3 million in the quarter.
Colocation revenue up 232%: Colocation revenue was $5.6 million at a gross margin of about 57%. The increase reflects the MTL-3 site being fully operational since November 2025, and revenue rose 19% from the second quarter.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
116
47.9
-240
+143.3%
Capital expenditure
205
176
16.9
+16.8%
+1,115.5%
Free cash flow
-88.6
-128
-257
Free cash flow margin
-327.4%
-397.6%
-843.1%
Cash from investing
-215
-170
-15.8
Cash from financing
163
126
253
+29.6%
-35.8%
Depreciation and amortisation
11.1
10.1
9.6
+9.7%
+14.9%
Share-based compensation
6.2
0.1
0.6
+6,082.0%
+930.3%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
362m
350m
319m
+3.6%
+13.7%
Shares outstanding at period end
361m
355m
322m
+1.7%
+12.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
539
395
906
+36.3%
-40.6%
Non-controlling interest
166
137
139
+21.3%
+19.2%
Debt
72.6
104
n/a
-30.2%
Operating lease liabilities
56.3
10.2
36.3
+450.2%
+55.1%
Other liabilities
884
590
51.2
+50.0%
+1,627.2%
Total liabilities and equity
1,718
1,236
1,133
+39.0%
+51.6%
Fixed assets
760
668
271
+13.9%
+180.2%
Goodwill
19.5
19.4
19.8
+0.4%
-1.9%
Intangible assets
11.9
12.0
12.8
-1.1%
-7.3%
Cash and equivalents
143
83.6
179
+71.7%
-19.9%
Receivables
39.8
23.2
17.4
+71.2%
+128.2%
Other assets
743
430
633
+72.8%
+17.5%
Total assets
1,718
1,236
1,133
+39.0%
+51.6%
Questions
What was Bit Digital's revenue in Q3 FY2026?
Bit Digital (BTBT) reported revenue of $27 million for Q3 FY2026, the quarter ended 30 September 2026, down 11.2% on the same quarter a year earlier.
How much did Bit Digital earn in Q3 FY2026?
Net income for Q3 FY2026 was $28 million, down 81.1% on the year, and diluted earnings per share $0.08.
When did Bit Digital report Q3 FY2026 results?
Bit Digital filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.