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Bgin Blockchain Ltd. Class A
(NASDAQ:BGIN)
Select Model
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Rating:49Neutral
Price Target:
$2.50
▲(19.05% Upside)
Action:Reiterated
Date:09/30/26
The score is weighed down primarily by weak financial performance: a sharp 2025 revenue decline, deeply negative margins/net loss, and persistent negative operating/free cash flow. Technicals provide a partial offset with recent price strength and positive MACD, though the RSI near 72 suggests overbought risk. Valuation remains constrained because a negative P/E reflects current losses and there is no dividend yield data to support returns.
Positive Factors
Low leverage
Minimal debt gives BGIN greater financial flexibility than a highly levered business, because fewer resources are committed to interest and repayment obligations. This can preserve room to manage volatility, restructure operations, or fund priorities while the company addresses its earnings deterioration.
Negative Factors
Severe revenue and profitability deterioration
The collapse in revenue and swing to a very large net loss indicate a substantial break in BGIN’s recent earnings power. Deeply negative gross, operating, and net margins reduce internally generated resources and make a durable recovery dependent on restoring demand and operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal debt gives BGIN greater financial flexibility than a highly levered business, because fewer resources are committed to interest and repayment obligations. This can preserve room to manage volatility, restructure operations, or fund priorities while the company addresses its earnings deterioration.
Read all positive factors
Bgin Blockchain Ltd. Class A (BGIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$262.48M
Dividend YieldN/A
Average Volume (3M)440.81K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees88
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)N/A
Shares Outstanding90,581,566
10 Day Avg. Volume1,309,314
30 Day Avg. Volume440,812
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)5.21
Price to Sales (P/S)4.21
P/FCF Ratio-1.66
Enterprise Value/Market Cap478.38K
Enterprise Value/Revenue3.40M
Enterprise Value/Gross Profit-1.10M
Enterprise Value/Ebitda-944.56K
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bgin Blockchain Ltd. Class A Business Overview & Revenue Model
Company Description
Bgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also ...
Bgin Blockchain Ltd. Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.97M | 67.40M | 302.28M | 257.27M | 15.05M | 21.52M |
| Gross Profit | -113.80M | -75.59M | 127.69M | 199.17M | 8.93M | 14.87M |
| EBITDA | -132.93M | -89.00M | 113.11M | 176.32M | 1.63M | 12.21M |
| Net Income | -200.28M | -176.86M | 65.93M | 139.71M | -220.38K | 7.71M |
Balance Sheet | ||||||
| Total Assets | 68.03M | 92.84M | 270.79M | 191.67M | 11.89M | 15.05M |
| Cash, Cash Equivalents and Short-Term Investments | 31.42M | 26.29M | 114.80M | 46.70M | 601.73K | 3.65M |
| Total Debt | 1.99M | 219.80K | 445.40K | 348.02K | 500.52K | 0.00 |
| Total Liabilities | 38.86M | 38.09M | 60.73M | 42.75M | 2.77M | 5.37M |
| Stockholders Equity | 29.05M | 54.49M | 209.71M | 148.78M | 9.03M | 9.67M |
Cash Flow | ||||||
| Free Cash Flow | -118.43M | -171.08M | -212.31M | -37.97M | -17.94M | -10.38M |
| Operating Cash Flow | -114.64M | -166.90M | -199.34M | -31.29M | -12.74M | -6.20M |
| Investing Cash Flow | 92.10M | 55.55M | 267.98M | 77.74M | 9.65M | 10.75M |
| Financing Cash Flow | 41.22M | 22.83M | -538.69K | -361.58K | 350.12K | -963.12K |
Bgin Blockchain Ltd. Class A Technical Analysis
Positive
2.10
Price Trends
1.96
Positive
2.20
Positive
2.62
Negative
Market Momentum
0.11
Negative
64.43
Neutral
36.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BGIN, the sentiment is Positive. The current price of 2.1 is above the 20-day moving average (MA) of 2.01, above the 50-day MA of 1.96, and below the 200-day MA of 2.62, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 64.43 is Neutral, neither overbought nor oversold. The STOCH value of 36.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BGIN.
Bgin Blockchain Ltd. Class A Risk Analysis
Bgin Blockchain Ltd. Class A disclosed 101 risk factors in its most recent earnings report. Bgin Blockchain Ltd. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bgin Blockchain Ltd. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $1.85B | -122.72 | -1.06% | ― | 3635.36% | 90.58% | |
51 Neutral | $17.73B | -10.02 | -39.34% | ― | 370.64% | -112.64% | |
49 Neutral | $262.48M | -1.38 | -479.46% | ― | ― | ― | |
49 Neutral | $5.99B | -22.03 | -26.67% | ― | -44.22% | 32.82% | |
43 Neutral | $13.10M | -1.02 | -5.14% | ― | -6.25% | 32.66% | |
37 Underperform | $253.76M | -0.73 | -80.25% | 3.74% | 27.88% | 49.54% |
* General Sector Average
BGIN
Bgin Blockchain Ltd. Class A
2.45
-1.71
-41.11%
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Bgin Blockchain Ltd. Class A Corporate Events
BGIN Blockchain Posts Sharp Revenue Drop and Equity Erosion in First-Half 2026 Results
Sep 25, 2026
On September 25, 2026, BGIN Blockchain Limited reported unaudited interim financial results for the six months ended June 30, 2026, showing a sharp contraction in top-line performance and profitability. Total revenue fell to about $7.4 million fro...
Bgin Blockchain Adopts Cayman Governance Exemptions from Nasdaq Rules
Sep 15, 2026
On September 15, 2026, Bgin Blockchain Limited disclosed that it has elected to rely on specific Cayman Islands home country rule exemptions under Nasdaq’s corporate governance listing standards. The company will not be bound by Nasdaq’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.