BTC Digital Ltd.

BTCTNASDAQConsumer Defensive● Active

$1.12

+$0.04(+3.70%)

Market Cap$10659012

P/E Ratio—

52W High$4.79

52W Low$1.07

Avg Volume90K

Open$1.11

Beta5.38

Free Cash Flow Financials Revenue

BTC Digital Ltd. (BTCT) Free Cash Flow & Analysis

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

BTCT · free cash flow · updated Jun 8, 2026

Core FCF metrics

BTCT · FCF · TTM · margin & CAGR

Free cash flow was −$12.9M for FY2025 (fiscal year ending 2025-12-31), down 984.1% year-over-year The FCF margin was -91.7%.

FY2025 Free Cash Flow−$12.9M▼ -984.1% YoY

Trailing 12M (TTM)−$6.8Mtrailing 4 quarters sum

FCF Margin-91.7%−$12.9M ÷ 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

BTCT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$4.3M(9M)−$12.9M▼ 984.1%-91.7%

FY2024$1.6M(3M)−$1.2M▼ 190.8%-10.2%

FY2023$3.8M(3M)$1.3M▲ +100.5%14.4%

FY2022−$214.1M(61M)−$275.3M▲ +48.3%-337.4%

FY2021−$459.3M(73M)−$532.4M▼ 44.3%-73.0%

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

FCF valuation metrics

BTCT · P/FCF · FCF yield · FCF per share

BTC Digital Ltd. (BTCT) reported negative free cash flow of −$0.01B. 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

BTCT · cash flow statement · operating / investing / financing

For FY2025, BTC Digital Ltd. generated −$4.3M in operating cash flow and spent 9M in capital expenditures, yielding −$12.9M in free cash flow.

Operating Activities

−$4.3M

Cash from core business operations

2025-12-31

Investing Activities

−$15.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$6.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$4.3M) − |CapEx| (9M) = FCF (−$12.9M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

BTCT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

BTC Digital Ltd.YOU

BTCT

−$12.9M-984.1%-91.6%

Loss

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

BTC Digital Ltd. (BTCT) reported free cash flow of −$12.9M for FY2025 (fiscal year ending 2025-12-31), down 984.1% year-over-year. The FCF margin was -91.7%.

Based on available data, BTC Digital Ltd. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $183.8M in FY2017.

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

BTCT free cash flow · 8 questions

BTC Digital Ltd. free cash flow was −$12.9M for FY2025, down 984.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$6.8M.

BTCT free cash flowBTCT FCFBTCT FCF 2025BTCT free cash flow TTM

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