Bit Digital, Inc Earnings Per Share Disclosure
18. (LOSS) EARNINGS PER SHARE
| 2025 | 2024 | |||||||
| Net (loss) income | $ | (80,316,584 | ) | $ | 28,305,810 | |||
| Weighted average number of ordinary share outstanding | ||||||||
| Basic | 257,881,684 | 140,346,322 | ||||||
| Diluted | 257,881,684 | 141,507,497 | ||||||
| (Loss) earnings per share | ||||||||
| Basic | $ | (0.31 | ) | $ | 0.20 | |||
| Diluted | $ | (0.31 | ) | $ | 0.19 | |||
Basic (loss) earnings per share is computed by dividing net (loss) income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The computation of diluted net loss per share does not include dilutive ordinary share equivalents in the weighted average shares outstanding, as they would be anti-dilutive.
For the year ended December 31,2025, 112,228 unvested RSUs, 350,000 stock options and 1,000,000 shares of convertible preferred shares were excluded from the calculation of diluted earnings per share because they were anti-dilutive.
For the year ended December 31, 2024, 1,025,968 unvested RSUs, 360,000 stock options and 1,000,000 shares of convertible preferred shares were included in the calculation of diluted earnings per share. The warrants were excluded from the calculation of diluted earnings per share because they were anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.