BTCT (BTC Digital) Operating Margin %: -45.51% (As of Dec. 2025)


BTCT BTC Digital Ltd BTCT
31 GF Score
Price $1.21
GF Value $0.84
Valuation Significantly Overvalued
! 7 Warning Signs
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What is BTC Digital Operating Margin %?

BTC Digital BTCT -5.58% 31 Operating Margin % is -45.51% as of Dec. 2025. GuruFocus rates BTCT with a GF Score™ of 31/100 and a GF Value™ of $0.84 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,472 Hardware companies, BTC Digital ranks worse than 93.81% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. BTC Digital's Operating Income for the six months ended in Dec. 2025 was $-3.78 Mil. BTC Digital's Revenue for the six months ended in Dec. 2025 was $8.31 Mil. Therefore, BTC Digital's Operating Margin % for the quarter that ended in Dec. 2025 was -45.51%.

The historical rank and industry rank for BTC Digital's Operating Margin % or its related term are showing as below:

BTCT' s Operating Margin % Range Over the Past 10 Years
Min: -62.74   Med: -15.33   Max: 8.85
Current: -62.74


BTCT's Operating Margin % is ranked worse than
93.81% of 2472 companies
in the Hardware industry
Industry Median: 3.8 vs BTCT: -62.74

BTC Digital's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

BTC Digital's Operating Income for the six months ended in Dec. 2025 was $-3.78 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-8.81 Mil.

Warning Sign:

BTC Digital Ltd has never been profitable in the past 3 years. It lost money every year.


BTC Digital  (NAS:BTCT) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


BTC Digital Operating Margin % Related Terms


BTC Digital Operating Margin % Historical Data

* Premium members only.

The historical data trend for BTC Digital's Operating 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.

BTC Digital Operating Margin % Chart

BTC Digital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only 0.00 8.85 -27.34 -22.94 -62.74

BTC Digital Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -77.25 -34.08 -14.65 -87.72 -45.51

BTCT vs EBON, SCKT, AGMH: Operating Margin % Comparison

For the Computer Hardware subindustry, BTC Digital's Operating Margin %, along with its competitors' market caps and Operating 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.


BTC Digital Operating Margin % vs Hardware Industry

For the Hardware industry and Technology sector, BTC Digital's Operating Margin % distribution charts can be found below:

* The bar in red indicates where BTC Digital's Operating Margin % falls into.


BTCT
31GF Score
BTC Digital Ltd BTCT
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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BTC Digital Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

BTC Digital's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-8.809 / 14.041
=-62.74 %

BTC Digital's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=-3.782 / 8.31
=-45.51 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -45.51% mean?
BTC Digital (BTCT) has a Operating Margin % of -45.51% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on BTC Digital and its competitors. According to the industry distribution chart, BTC Digital ranks #2319 out of 2472 companies in the Hardware industry, placing it in the top 93.8%.
Is BTC Digital's Operating Margin % too high?
BTC Digital's current Operating Margin % is -45.51%. Based on the distribution chart, BTC Digital ranks #2319 out of 2472 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BTC Digital has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTC Digital's Operating Margin % compare to EBON and SCKT?
According to the Hardware industry distribution chart, BTC Digital ranks #2319 out of 2472 companies for Operating Margin %. This places BTC Digital in the lower half of its industry. The industry median Operating Margin % is 3.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on BTC Digital and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTC Digital's current Operating Margin % is -45.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTC Digital stock overvalued right now?
Based on GuruFocus' analysis, BTC Digital (BTCT) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.84, compared to a current price of $1.21 — trading 43.9% above its estimated fair value. The current Operating Margin % is -45.51%. BTC Digital's overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For BTC Digital (BTCT), the current Operating Margin % is -45.51% 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.

Is BTC Digital (BTCT) Overvalued in 2026?

Based on GuruFocus' analysis, BTC Digital stock appears to be overvalued. The current stock price of $1.21 is trading 43.9% above its estimated GF Value™ of $0.84. GuruFocus considers BTC Digital to be Significantly Overvalued.

Key valuation signals for BTCT:

  • Operating Margin %: -45.51%
  • GF Value™: $0.84 vs. price of $1.21 (43.9% above fair value)
  • GF Score™: 31/100 with 7 warning signs

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


BTC Digital Business Description

Address 61 Robinson Road, Suite 738, Level 6 & 7, District 1, SGP, 068893
BTC Digital Ltd is the ledger technology that underlies bitcoin and other cryptocurrencies, based in the U.S., with a focus on bitcoin mining. A blockchain is a decentralized, distributed, and encrypted digital public ledger that stores information in a secure, verifiable, and permanent way. The company also generates revenue through the resale of mining machines, mining machine rental, and miner hosting services.
31GF Score

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

$1.21
Price
$0.84
GF Value