Bitfarms Ltd.

BITF.TOTSXFinancial Services

$7.74

$-0.02(-0.26%)

Market Cap$4.7B

P/E Ratio—

52W High$9.27

52W Low$0.96

Avg Volume5.1M

Open$7.75

Beta4.07

Free Cash Flow Financials Revenue

Bitfarms Ltd. (BITF.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BITF.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

BITF.TO · FCF · TTM · margin & CAGR

Free cash flow was −$347.1M for FY2025 (fiscal year ending 2025-12-31), up 27.8% year-over-year The FCF margin was -151.4%.

FY2025 Free Cash Flow−$347.1M▲ +27.8% YoY

Trailing 12M (TTM)−$355.5Mtrailing 4 quarters sum

FCF Margin-151.4%−$347.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BITF.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$226.6M(120M)−$347.1M▲ +27.8%-151.4%

FY2024−$140.6M(340M)−$480.4M▼ 171.4%-249.1%

FY2023−$105.7M(71M)−$177.0M▲ +44.2%-120.9%

FY2022−$122.4M(195M)−$317.4M▼ 37.7%-222.8%

FY2021−$37.2M(193M)−$230.4M▼ 8512.8%-135.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BITF.TO · P/FCF · FCF yield · FCF per share

Bitfarms Ltd. (BITF.TO) reported negative free cash flow of −$0.35B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BITF.TO · cash flow statement · operating / investing / financing

For FY2025, Bitfarms Ltd. generated −$226.6M in operating cash flow and spent 120M in capital expenditures, yielding −$347.1M in free cash flow.

Operating Activities

−$226.6M

Cash from core business operations

2025-12-31

Investing Activities

+$103.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$694.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$226.6M) − |CapEx| (120M) = FCF (−$347.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BITF.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Bitfarms Ltd.YOU

BITF.TO

−$347.1M+27.8%-151.4%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Bitfarms Ltd. (BITF.TO) reported free cash flow of −$347.1M for FY2025 (fiscal year ending 2025-12-31), up 27.8% year-over-year. The FCF margin was -151.4%.

Based on available data, Bitfarms Ltd. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $2.7M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BITF.TO free cash flow · 8 questions

Bitfarms Ltd. free cash flow was −$347.1M for FY2025, up 27.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$355.5M.

BITF.TO free cash flowBITF.TO FCFBITF.TO FCF 2025BITF.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Bitfarms Ltd. · Bitfarms Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026