BGIN BLOCKCHAIN Ltd
BGIN Nasdaq· Finance Services
KIRA · Stoqly’s AI analyst, in plain words
- BGIN BLOCKCHAIN Ltd had $67.4M of revenue in fiscal 2025, down 77.7% on the year before.
- Its operating margin was −261.3%, down 288.3 pts: of every 100 in sales, about −261 is left after running the business.
- BGIN BLOCKCHAIN Ltd lost $177M in fiscal 2025.
- Free cash flow was −$171M in fiscal 2025, −253.8% of revenue.
- BGIN BLOCKCHAIN Ltd returned $4.1M to shareholders in fiscal 2025. The diluted share count rose 1.2%.
Market cap
—
P/E
—
Revenue
$67.4M
Net income
−$177M
Free cash flow
−$171M
Operating margin
−261.3%
BGIN BLOCKCHAIN Ltd in 30 seconds · fiscal 2025
Are sales growing?
−77.7%
No. Sales fell 77.7% last year.
Does it make a profit?
−262.6%
No. It lost money last year.
Does profit turn into cash?
−253.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
What BGIN BLOCKCHAIN Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 28, 2026
- Legal name
- BGIN BLOCKCHAIN Ltd
- CIK
- 0001945565
BGIN BLOCKCHAIN Ltd · BGIN
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $257M | $302M | $67.4M |
| Revenue growth | — | 17.5% | −77.7% |
| Gross margin | 77.4% | 42.2% | −112.2% |
| Operating margin | 67.5% | 27.0% | −261.3% |
| Net income | $140M | $66.1M | −$177M |
| Net margin | 54.3% | 21.9% | −262.6% |
| Diluted EPS | $1.30 | $0.61 | −$1.62 |
| Cash | |||
| Cash from operations | −$31.3M | −$199M | −$167M |
| Capital expenditure | $6.7M | $13.0M | $4.2M |
| Free cash flow | −$38.0M | −$212M | −$171M |
| FCF margin | −14.8% | −70.2% | −253.8% |
| Dividends paid | — | — | $4.1M |
| Share count change | — | 0.0% | 1.2% |
| Debt and strength | |||
| Cash and short-term investments | $46.7M | $115M | $26.3M |
| Shareholders' equity | $149M | $210M | $54.5M |
| Current ratio | — | 3.2x | 1.7x |
| Returns and quality | |||
| Return on equity | 93.8% | 36.9% | −134.0% |
| Return on tangible equity | 93.8% | 31.4% | −324.6% |
| Piotroski F-score | — | — | 1 |
| Altman Z'' | — | 11.4 | −8.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
BGIN BLOCKCHAIN Ltd · BGIN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001945565). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.