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BGIN BLOCKCHAIN Ltd

BGIN Clue Score25
Singapore Fiscal year ends December CIK 0001945565
$2.15 +2.38% Close, 12 Oct 2026
Price $2.15 −56.65% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 21 Oct 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue257.3Operating income173.7Net income139.8EPS, diluted1.30Fiscal year 2024Revenue302.3 +17.5%Operating income81.6Net income66.1 −52.7%EPS, diluted0.61 −53.1%Fiscal year 2025Revenue67.4 −77.7%Operating income−176.1Net income−177.0 −367.5%EPS, diluted−1.62 −365.6%
FY2023FY2024FY2025
Revenue 257.3 302.3 67.4
Growth +17.5% −77.7%
Operating income 173.7 81.6 −176.1
Net income 139.8 66.1 −177.0
Growth −52.7% −367.5%
EPS, diluted 1.30 0.61 −1.62
Growth −53.1% −365.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin77.4%Operating margin67.5%Net margin54.3%Free cash flow margin−14.8%Fiscal year 2024Gross margin42.2%Operating margin27.0%Net margin21.9%Free cash flow margin−70.2%Fiscal year 2025Gross margin−112.2%Operating margin−261.3%Net margin−262.6%Free cash flow margin−253.8%
FY2023FY2024FY2025
Gross margin 77.4% 42.2% −112.2%
Operating margin 67.5% 27.0% −261.3%
Net margin 54.3% 21.9% −262.6%
Free cash flow margin −14.8% −70.2% −253.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−31.3Capital expenditure−6.7Free cash flow−38.0Fiscal year 2024Operating cash flow−199.3Capital expenditure−13.0Free cash flow−212.3Fiscal year 2025Operating cash flow−166.9Capital expenditure−4.2Free cash flow−171.1Dividends paid−4.1
FY2023FY2024FY2025
Operating cash flow −31.3 −199.3 −166.9
Capital expenditure −6.7 −13.0 −4.2
Free cash flow −38.0 −212.3 −171.1
Growth
Dividends paid n/a n/a −4.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2023Cash46.7Shareholders’ equity148.9Fiscal year 2024Cash114.8Shareholders’ equity209.7Fiscal year 2025Cash26.3Shareholders’ equity54.5
FY2023FY2024FY2025
Cash 46.7 114.8 26.3
Shareholders’ equity 148.9 209.7 54.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
77.4% 42.2% −112.2%
67.5% 27.0% −261.3%
67.5% 26.7% −259.1%
54.3% 21.9% −262.6%
−14.8% −70.2% −253.8%
Spending
3.9% 5.4% 30.0%
5.7% 2.4% 20.6%
2.6% 4.3% 6.2%
19.5% 18.1% n/a
Returns
93.8% 31.5% −324.7%
n/a 24.4% −190.6%
Balance and payout
n/a 22.4% 41.0%