BTOG (Bit Origin) Operating Margin %: 0.00% (As of Dec. 2025)

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BTOG Bit Origin Ltd BTOG
24 GF Score
Price $0.82
GF Value $0.10
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Bit Origin Operating Margin %?

Bit Origin BTOG +4.72% 24 Operating Margin % is 0.00% as of Dec. 2025. GuruFocus rates BTOG with a GF Score™ of 24/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 669 Capital Markets companies, Bit Origin ranks worse than 98.06% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bit Origin's Operating Income for the six months ended in Dec. 2025 was $-1.01 Mil. Bit Origin's Revenue for the six months ended in Dec. 2025 was $0.00 Mil. Therefore, Bit Origin's Operating Margin % for the quarter that ended in Dec. 2025 was 0.00%.

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

BTOG' s Operating Margin % Range Over the Past 10 Years
Min: -7671.79   Med: -172.83   Max: 7.88
Current: -5371.8


BTOG's Operating Margin % is ranked worse than
98.06% of 669 companies
in the Capital Markets industry
Industry Median: 8.38 vs BTOG: -5371.80

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

Bit Origin's Operating Income for the six months ended in Dec. 2025 was $-1.01 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-2.10 Mil.

Warning Sign:

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


Bit Origin  (NAS:BTOG) 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.


Bit Origin Operating Margin % Related Terms


Bit Origin Operating Margin % Historical Data

* Premium members only.

The historical data trend for Bit Origin'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.

Bit Origin Operating Margin % Chart

Bit Origin Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -3,155.21 -172.83 -206.61 -7,671.79

Bit Origin Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -76.90 0.00 0.00 -2,782.05 0.00

BTOG vs MWAI, PWCM, IPST: Operating Margin % Comparison

For the Financial Data & Stock Exchanges subindustry, Bit Origin'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.


Bit Origin Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Origin's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Bit Origin's Operating Margin % falls into.


BTOG
24GF Score
Bit Origin Ltd BTOG
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bit Origin 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.

Bit Origin's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=-2.992 / 0.039
=-7,671.79 %

Bit Origin'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 )
=-1.01 / 0
= %

* 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 0.00% mean?
Bit Origin (BTOG) has a Operating Margin % of 0.00% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Bit Origin and its competitors. According to the industry distribution chart, Bit Origin ranks #656 out of 669 companies in the Capital Markets industry, placing it in the top 98.1%.
Is Bit Origin's Operating Margin % too high?
Bit Origin's current Operating Margin % is 0.00%. Based on the distribution chart, Bit Origin ranks #656 out of 669 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bit Origin has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bit Origin's Operating Margin % compare to MWAI and PWCM?
According to the Capital Markets industry distribution chart, Bit Origin ranks #656 out of 669 companies for Operating Margin %. This places Bit Origin in the lower half of its industry. The industry median Operating Margin % is 8.38. 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 8.38, based on 669 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 Bit Origin and its competitors. For the Capital Markets industry, the median Operating Margin % is 8.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Origin's current Operating Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Origin stock overvalued right now?
Based on GuruFocus' analysis, Bit Origin (BTOG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.82 — trading 720% above its estimated fair value. The current Operating Margin % is 0.00%. Bit Origin's overall GF Score™ is 24/100 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 Bit Origin (BTOG), the current Operating Margin % is 0.00% 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 Bit Origin (BTOG) Overvalued in 2026?

Based on GuruFocus' analysis, Bit Origin stock appears to be overvalued. The current stock price of $0.82 is trading 720% above its estimated GF Value™ of $0.10. GuruFocus considers Bit Origin to be Significantly Overvalued.

Key valuation signals for BTOG:

  • Operating Margin %: 0.00%
  • GF Value™: $0.10 vs. price of $0.82 (720% above fair value)
  • GF Score™: 24/100 with 7 warning signs

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


Bit Origin Business Description

Address 160 Robinson Road, 12th Floor, SBF Center, Singapore, SGP, 068914
Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions. It derives all of its revenue from Bitcoin mining.
24GF Score

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

$0.82
Price
$0.10
GF Value