Bgin Blockchain Limited: stock overview

BGINNASDAQFinancial services · Finance Services

Price

$3.88

November 13, 2026Market cap $439M

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  • The full history: 3 fiscal years, from 2023
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

In short

Bgin Blockchain had revenue of $67M in the fiscal year to December 31, 2025 and a net loss of $177M. Revenue fell by 48.8% a year on average over the last 2 years. It holds more cash than debt, by $26M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$439M
113M shares
P/E
–
Revenue, fiscal year
$67M
-48.8% a year over 2 years
Net margin
-262.6%
above 3% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-48.8% a year over 2 years

  • 202520-F
    Revenue$67M
  • 2024
    Revenue$302M
  • 2023
    Revenue$257M

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 
$439M
Enterprise value 
$413M
P/E 
–
EV / EBIT 
–
EV / Revenue 
6.1
P/B 
8.1
FCF yield 
–
Earnings yield 
–

Profitability

Gross margin 
-112.2%
Operating margin 
-261.3%
Net margin 3-year median: 21.9%
-262.6%
ROIC 
-255.3%
ROIC, 5-year average 
-44.1%
ROE, fiscal year 
-324.7%

Growth

Revenue, yearly change 
-77.7%
EPS, yearly change 
-365.6%
FCF, yearly change 
–
Revenue, average a year 
-48.8%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$26M
Total debt 
$219.8K
Of which operating leases 
$219.8K
Net cash 
$26M
Net debt / EBITDA 
–
Interest cover 
–
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+4.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 61).

Gross margin

-112.2%

Above 2% of the 23 companies in its industry, and 0% of all.

Operating margin

-261.3%

Above 1% of the 51 companies in its industry, and 1% of all.

Net margin

-262.6%

Above 3% of the 105 companies in its industry, and 1% of all.

ROE

-324.7%

Above 2% of the 102 companies in its industry, and 1% of all.

ROA

-190.6%

Above 0% of the 109 companies in its industry, and 0% of all.

Revenue growth

-77.7%

Above 1% of the 106 companies in its industry, and 0% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
BGIN BLOCKCHAIN Ltd
CIK
1945565
Exchange
NASDAQ
Industry (SIC)
6199 · Finance Services
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
113M

Other companies: Financial services

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The full analysis

What do Bgin Blockchain's filings show?

These are Bgin Blockchain's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about BGIN

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Ask us
What is BGIN's market cap?

Bgin Blockchain Limited's market cap is $439M, at a price of $3.88 on November 13, 2026 and 113M shares.

How much revenue does BGIN have?

Bgin Blockchain had revenue of $67M in the fiscal year to December 31, 2025. Over the last 2 years it changed by -48.8% a year on average.

Does BGIN pay a dividend?

No. Bgin Blockchain paid no regular dividend over the last 12 months.

Where do the figures come from?

From Bgin Blockchain Limited's SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.