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Bitcoin Well Inc
(BTCW)
Bitcoin Well Inc (BTCW) vs. S&P 500 (SPY)
Bitcoin Well Inc Business Overview & Revenue Model
Bitcoin Well Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 54.53M | 66.73M | 99.61M | 51.97M | 14.54M | Gross Profit |
| 4.83M | 4.42M | 5.17M | 7.29M | 1.65M | EBIT |
| -1.12M | -2.12M | -6.73M | 2.14M | 359.93K | EBITDA |
| -8.08M | -1.32M | -12.22M | 2.48M | 592.85K | Net Income Common Stockholders |
| -12.02M | -5.99M | -13.60M | -2.74M | 117.42K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 11.89M | 9.95M | 13.40M | 4.05M | 1.17M | Total Assets |
| 14.91M | 14.02M | 23.56M | 12.12M | 2.27M | Total Debt |
| 23.12M | 18.86M | 15.91M | 11.60M | 2.25M | Net Debt |
| 21.45M | 14.91M | 11.11M | 7.55M | 1.07M | Total Liabilities |
| 24.06M | 19.86M | 17.57M | 13.00M | 2.45M | Stockholders Equity |
| -9.15M | -5.83M | 5.99M | -872.20K | -181.47K |
| Cash Flow | Free Cash Flow | |||
| -463.21K | -9.79M | -5.06M | -7.41M | -506.61K | Operating Cash Flow |
| -463.21K | -9.08M | -2.43M | -5.72M | -138.98K | Investing Cash Flow |
| 78.20K | -720.86K | -3.12M | -1.89M | -367.63K | Financing Cash Flow |
| -1.89M | 8.94M | 6.30M | 10.49M | 425.08K |
Bitcoin Well Inc Technical Analysis
Bitcoin Well Inc Peers Comparison
Bitcoin Well Inc Corporate Events
Bitcoin Well Inc. reported a significant 97% increase in Q1 2025 revenue, reaching $31.8 million, driven by growth in its Online Bitcoin Portal and Bitcoin Well Infinite segments. Despite a decline in ATM sales, the company achieved a net income of $3.3 million, marking a substantial turnaround from a loss in the previous year. The strategic division of online sales into two business units is expected to sustain revenue growth, with Bitcoin Well Infinite offering personalized services for high-net-worth clients worldwide.
Spark’s Take on TSE:BTCW Stock
According to Spark, TipRanks’ AI Analyst, TSE:BTCW is a Underperform.
Bitcoin Well Inc. scores 38.75, reflecting significant financial challenges such as high leverage and negative equity. Despite revenue growth, profitability and cash flow remain concerns. Technical indicators show a slightly bearish stance, and valuation metrics are weak. However, positive corporate events provide a slight uplift by indicating strategic efforts to stabilize finances and enhance market offerings.
To see Spark’s full report on TSE:BTCW stock, click here.
Bitcoin Well Inc. has announced the integration of the Lightning Network into its Bitcoin Portal in the USA, allowing customers to sell bitcoin directly from their personal Lightning wallets to their bank accounts with fewer fees and instant transactions. Additionally, the company is settling $139,817 of outstanding debt through the issuance of common shares, subject to TSX Venture Exchange approval, which includes a related party transaction involving a director’s participation.
Spark’s Take on TSE:BTCW Stock
According to Spark, TipRanks’ AI Analyst, TSE:BTCW is a Neutral.
Bitcoin Well Inc. receives an overall stock score of 44, reflecting a challenging financial performance with high leverage and negative equity. Technical indicators are mostly bearish, and valuation is weak due to a negative P/E ratio. However, positive corporate events, including strategic advancements and efforts to improve financial stability, slightly mitigate the negative aspects.
To see Spark’s full report on TSE:BTCW stock, click here.
Bitcoin Well Inc. has launched an at-the-market equity program allowing the company to issue and sell up to $5 million in common shares to the public, providing additional financial flexibility. The proceeds will be used for general corporate purposes, including operations, debt repayment, acquisitions, and research and development, potentially impacting the company’s operational capabilities and market positioning.
Bitcoin Well Inc. has announced the integration of the Lightning Network for its US customers, allowing immediate delivery of bitcoin purchases to personal wallets across all 50 states. This development reduces transaction costs and enables more frequent, smaller purchases, aligning with the company’s goal to replace traditional banking with bitcoin solutions. The move is expected to increase customer transactions and enhance the company’s market position by offering faster and more cost-effective bitcoin transactions.
Bitcoin Well Inc. reported a substantial increase in revenue for the fourth quarter and the full year of 2024, with Q4 revenue rising by 121% year-over-year to $30.1 million and annual revenue increasing by 66% to $90.5 million. This growth was largely driven by the significant expansion of the Bitcoin Portal, which saw a 361% increase in Q4 and a 201% increase over the year. The company also experienced a notable rise in unique registrations, reaching over 37,000 by March 2025. Despite the impressive revenue growth, the company reported a comprehensive loss for both the quarter and the year, reflecting ongoing challenges in achieving profitability.