BGIN BlockchainBGIN -2.22%39 Gross Margin % is -351.13% as of Dec. 2025. GuruFocus rates BGIN with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 2,454 Hardware companies, BGIN Blockchain ranks worse than 99.8% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BGIN Blockchain had a gross margin of -351.13% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BGIN Blockchain Gross Margin % Related Terms
BGIN Blockchain Gross Margin % Historical Data
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The historical data trend for BGIN Blockchain's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BGIN vs ALOT, CAN, NNDM: Gross Margin % Comparison
For the Computer Hardware subindustry, BGIN Blockchain's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BGIN Blockchain Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, BGIN Blockchain's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BGIN Blockchain's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BGIN Blockchain (BGIN) has a Gross Margin % of -351.13% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on BGIN Blockchain and its competitors. According to the industry distribution chart, BGIN Blockchain ranks #2449 out of 2454 companies in the Hardware industry, placing it in the top 99.8%.
Is BGIN Blockchain's Gross Margin % too high?
BGIN Blockchain's current Gross Margin % is -351.13%. Based on the distribution chart, BGIN Blockchain ranks #2449 out of 2454 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BGIN Blockchain has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does BGIN Blockchain's Gross Margin % compare to ALOT and CAN?
According to the Hardware industry distribution chart, BGIN Blockchain ranks #2449 out of 2454 companies for Gross Margin %. This places BGIN Blockchain in the lower half of its industry. The industry median Gross Margin % is 24.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.53, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BGIN Blockchain and its competitors. For the Hardware industry, the median Gross Margin % is 24.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BGIN Blockchain's current Gross Margin % is -351.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BGIN Blockchain stock overvalued right now?
BGIN Blockchain (BGIN) has a current Gross Margin % of -351.13%. The current Gross Margin % is -351.13%. BGIN Blockchain's overall GF Score™ is 39/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BGIN Blockchain (BGIN), the current Gross Margin % is -351.13% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
BGIN Blockchain Ltd is a digital asset technology company engaged in cryptocurrency mining technologies, self-mining operations, and the design and sale of ASIC mining machines. The company develops proprietary mining hardware under its ICERIVER brand and provides mining infrastructure and hosting solutions. It operates through two reportable segments: cryptocurrency mining and sale of mining machines. The company focuses on cryptocurrencies such as Bitcoin, Dogecoin, KAS, ALPH, and RXD. Geographically, it derives revenue from Hong Kong, China, Vietnam, the United States, Singapore, and other markets.
39GF Score
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