Bitcoin Group SE (XSWX:ADE) Operating Income: CHF0.14 Mil (TTM As of Jun. 2025)

What is Bitcoin Group SE Operating Income?

Bitcoin Group SE XSWX:ADE -2.20% 46 Operating Income is CHF0.14 Mil as of Jun. 2025. GuruFocus rates XSWX:ADE with a GF Score™ of 46/100 and a GF Value™ of CHF170.40 (Possible Value Trap). The stock has 5 warning signs investors should review.

Bitcoin Group SE's Operating Income for the six months ended in Jun. 2025 was CHF-0.98 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was CHF0.14 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bitcoin Group SE's Operating Income for the six months ended in Jun. 2025 was CHF-0.98 Mil. Bitcoin Group SE's Revenue for the six months ended in Jun. 2025 was CHF3.54 Mil. Therefore, Bitcoin Group SE's Operating Margin % for the quarter that ended in Jun. 2025 was -27.69%.

Bitcoin Group SE's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bitcoin Group SE's annualized ROC % for the quarter that ended in Jun. 2025 was -0.57%. Bitcoin Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -1,158.10%.

Bitcoin Group SE (XSWX:ADE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bitcoin Group SE's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

	ROC % (Q: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Jun. 2025 ))	/ count )
=	-1.962 * ( 1 - 0% )	/	( (347.214	+	340.906)	/ 2 )
=	-1.962	/	344.06
=	-0.57 %

where

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	359.33	-	2.61	-	( 11.741	-	max(0, 3.136	-	12.642	+	11.741	))
=	347.214

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	349.143	-	0.357	-	( 9.062	-	max(0, 2.051	-	9.931	+	9.062	))
=	340.906

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Bitcoin Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Jun. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.04	/	( ( (0.12 + max(-2.343, 0))	+	(0.405 + max(-1.069, 0)) )	/	2 )
=	-3.04	/	( ( 0.12	+	0.405 )	/	2 )
=	-3.04	/	0.2625
=	-1,158.10 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.032	+	0	+	0.647)	-	(2.61	+	0	+	0.412)
=	-2.343

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.04	+	0	+	0.829)	-	(0.357	+	0	+	1.581)
=	-1.069

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Bitcoin Group SE's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2025 )	/	Revenue (Q: Jun. 2025 )
	=	-0.981	/	3.543
	=	-27.69 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Bitcoin Group SE Operating Income Related Terms

Bitcoin Group SE Operating Income Historical Data

* Premium members only.

The historical data trend for Bitcoin Group SE's Operating Income can be seen below:

Bitcoin Group SE Operating Income Chart

Bitcoin Group SE Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

Get a 7-Day Free Trial

11.23

20.39

-3.71

0.17

1.63

Bitcoin Group SE Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
Operating Income	Get a 7-Day Free Trial															-0.87	1.02	0.53	1.12	-0.98

46GF Score

Bitcoin Group SE XSWX:ADE

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Bitcoin Group SE Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF0.14 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of CHF0.14 Mil mean?

Bitcoin Group SE (XSWX:ADE) has a Operating Income of CHF0.14 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bitcoin Group SE and its competitors.

Is Bitcoin Group SE's Operating Income too high?

Bitcoin Group SE's current Operating Income is CHF0.14 Mil. Overall, Bitcoin Group SE has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Bitcoin Group SE's Operating Income compare to BLK and BX?

Bitcoin Group SE's Operating Income of CHF0.14 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for an Asset Management company?

A good Operating Income depends on the Asset Management industry context. However, Operating Income 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 Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bitcoin Group SE and its competitors. Bitcoin Group SE's current Operating Income is CHF0.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bitcoin Group SE stock overvalued right now?

Based on GuruFocus' analysis, Bitcoin Group SE (XSWX:ADE) is currently considered Possible Value Trap. The stock's GF Value™ is CHF170.40, compared to a current price of CHF24.02 — trading 85.9% below its estimated fair value. The current Operating Income is CHF0.14 Mil. Bitcoin Group SE's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Bitcoin Group SE (XSWX:ADE), the current Operating Income is CHF0.14 Mil as of Jun. 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.

Is Bitcoin Group SE (XSWX:ADE) Overvalued in 2026?

Based on GuruFocus' analysis, Bitcoin Group SE stock appears to be undervalued. The current stock price of CHF24.02 is trading 85.9% below its estimated GF Value™ of CHF170.40. GuruFocus considers Bitcoin Group SE to be Possible Value Trap.

Key valuation signals for XSWX:ADE:

Operating Income: CHF0.14 Mil
GF Value™: CHF170.40 vs. price of CHF24.02 (85.9% below fair value)
GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the XSWX:ADE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bitcoin Group SE Business Description

Industry Financial Services Asset Management

Comparable Companies XTER:A7A XTER:LQAG XTER:MPCK XTER:B7E XTER:PZS FRA:CPX XTER:SVE FRA:PEH FRA:2INV FRA:UCA1 BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges 1ADE:Italy 0RWM:UK ADE:Germany ADE:Bulgaria ADE:Austria

Address Europe Square 2, Berlin, DEU, 10557

Website http://www.bitcoin-group.de

Bitcoin Group SE is a venture capital company. The Company focuses on the acquisition, sale and management of investments in companies, and the acquisition of strategic leadership, management and coordination of these companies.

46GF Score

Get the complete analysis for XSWX:ADE

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF24.02

Price

CHF170.40

GF Value

View XSWX:ADE Analysis

See Operating Income data for all stocks →