Bitcoin Well Inc (BTCW) AI Stock Analysis

• Market Cap: C$21.91M
• Dividend Yield: N/A
• Average Volume (3M): 191.52K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.09
• Revenue Growth: 73.03%
• EPS Growth: 25.25%
• Country: CA
• Employees: 12
• Sector: Technology
• Sector Strength: 88
• Industry: Financial - Capital Markets
• EPS (TTM): -0.02
• Shares Outstanding: 151,091,860
• 10 Day Avg. Volume: 262,402
• 30 Day Avg. Volume: 191,517
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 40 Underperform
• Price Target: C$0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by the company's weak financial performance and challenging valuation metrics. Technical analysis indicates a bearish trend, further impacting the score. The absence of earnings call data and corporate events means these factors did not influence the final score.

Bitcoin Well Inc Business Overview & Revenue Model

Company Description

Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines. It provides online and in-person solutions to buy and sell bitcoin and other cryptocurrencies. The company also offers a suite of web-based transaction services to buy and sell bitcoins. As of January 26, 2022, it owned and operated approximately 200 cryptocurrency ATMs in the United States and Canada. Bitcoin Well Inc. was founded in 2013 and is headquartered in Edmonton, Canada.

How the Company Makes Money

Bitcoin Well Inc generates revenue primarily through transaction fees charged on cryptocurrency purchases and sales conducted via their ATMs and online platform. The company earns money by taking a percentage fee on each transaction processed, providing a steady income stream as the demand for cryptocurrency transactions increases. Additionally, Bitcoin Well may engage in partnerships with other financial service providers or technology companies to expand its service offerings and market reach, further contributing to its revenue. The company's earnings are also influenced by the overall market interest and adoption of cryptocurrencies, as well as the competitive landscape in the cryptocurrency services sector.

Bitcoin Well Inc Financial Statement Overview

Summary

Bitcoin Well Inc. faces significant financial challenges, including profitability issues, high leverage, and negative equity. Although there is revenue growth, the company struggles with cost control and cash generation, which raises concerns about long-term viability.

Income Statement

The income statement reveals a mixed performance. The company has experienced significant revenue fluctuations, with recent revenue growth of 66% from 2023 to 2024, but a decline in gross profit margin from 8.8% in 2023 to 4.4% in 2024. Net profit margins have been negative, indicating ongoing profitability challenges. The absence of EBIT and negative EBITDA in 2024 highlight operational inefficiencies.

Balance Sheet

The balance sheet shows significant financial instability, with negative stockholders' equity, increasing debt levels, and a high debt-to-equity ratio due to the negative equity. The company is heavily leveraged, which poses a risk in terms of financial sustainability. The equity ratio is negative, indicating that liabilities exceed assets, which is concerning.

Cash Flow

Cash flow analysis indicates ongoing struggles with cash generation. Free cash flow remains negative, showing no improvement. Operating cash flow to net income ratio is negative, reflecting difficulties in converting income into cash. However, there is slight improvement in operating cash flow from 2023 to 2024, suggesting marginal operational improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	114.97M	90.51M	54.53M	66.73M	99.61M	51.97M
Gross Profit	4.57M	3.97M	4.83M	4.42M	5.17M	7.29M
EBITDA	-8.44M	-14.56M	-8.08M	-1.32M	-12.22M	2.48M
Net Income	-11.65M	-17.78M	-12.02M	-5.99M	-13.60M	-2.74M
Balance Sheet
Total Assets	26.14M	28.02M	14.91M	14.02M	23.56M	12.12M
Cash, Cash Equivalents and Short-Term Investments	23.12M	25.25M	11.89M	9.95M	13.40M	4.05M
Total Debt	39.08M	39.55M	23.12M	18.86M	15.91M	11.60M
Total Liabilities	40.12M	41.02M	24.06M	19.86M	17.57M	13.00M
Stockholders Equity	-13.98M	-12.99M	-9.15M	-5.83M	5.99M	-872.20K
Cash Flow
Free Cash Flow	-5.27M	-3.07M	-3.56M	-9.79M	-5.06M	-7.41M
Operating Cash Flow	-5.26M	-3.07M	-3.56M	-9.08M	-2.43M	-5.72M
Investing Cash Flow	3.77M	1.07M	78.20K	-720.86K	-3.12M	-1.89M
Financing Cash Flow	1.62M	3.21M	-1.89M	8.94M	6.30M	10.49M

Bitcoin Well Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BTCW, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BTCW.

Bitcoin Well Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NDA	56 Neutral	C$133.45M	-228.26	―	―	-20.75%	-84.00%
DMGI	50 Neutral	C$98.17M	-5.74	-13.30%	―	24.20%	-3756.52%
BIGG	46 Neutral	C$42.01M	-1.54	-147.31%	―	34.56%	-161.07%
CSTR	45 Neutral	C$8.47M	-1.56	-146.00%	―	-84.15%	-5.79%
CBIT	42 Neutral	C$43.02M	-5.88	-22.93%	―	76.55%	-507.14%
BTCW	40 Underperform	C$21.91M	―	―	―	73.03%	25.25%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Bitcoin Well Inc Corporate Events

Bitcoin Well Issues Shares to Strengthen Sponsorship Ties

Bitcoin Well Inc. has issued a total of 870,806 common shares as payment for services under a sponsorship agreement with Energon Entertainment LLC, operating as Simply Bitcoin. This strategic move, approved by the TSX Venture Exchange, reflects Bitcoin Well’s ongoing efforts to leverage partnerships to enhance its market presence and operational capabilities.

Bitcoin Well Reports Strong Q2 2025 Revenue Growth Amid Operational Improvements

Bitcoin Well Inc. reported a significant increase in revenue for Q2 2025, with a 38% year-over-year growth to $32.1 million, driven by substantial growth in its Online Bitcoin Portal and Bitcoin Well Infinite segments. Despite a net loss of $4.2 million, the company showed improvements in gross profit and adjusted EBITDA, highlighting efficient operations and strategic investments in marketing and advertising to foster growth.

Bitcoin Well Enhances Services with Daily Recurring Buys and Sponsorship Renewal

Bitcoin Well Inc. has launched a daily recurring bitcoin buy feature in Canada, allowing customers to schedule bitcoin purchases directly to their personal lightning wallets. This enhancement aims to improve transaction speed and user convenience, with transactions now taking less than a second. The company has also renewed its sponsorship agreement with Simply Bitcoin, a media and podcast platform, to enhance brand visibility and community engagement. The agreement includes a mix of cash and equity compensation, with Simply Bitcoin providing advertising and marketing services to boost Bitcoin Well’s market presence.

Bitcoin Well Reports Surge in Registrations and Updates on Debt Settlement

Bitcoin Well Inc. announced a significant increase in new customer registrations on its Bitcoin Portal, with a 12% rise from May 2025 and a 107% year-over-year increase, totaling over 48,800 unique registrations. The company also detailed a debt settlement plan involving the issuance of common shares to settle accrued interest obligations and provided an update on its at-the-market equity program, which raised net proceeds of C$230,873 to support its Bitcoin Treasury Strategy.

Bitcoin Well Expands Bitcoin Treasury, Strengthens Market Position

Bitcoin Well Inc. has expanded its Bitcoin Treasury by purchasing an additional 1,000 BTC, bringing its total holdings to 11,000 BTC. This strategic move positions the company as a leader in the Canadian Bitcoin Treasury space, with plans to further grow its reserves through various financial programs and initiatives, potentially impacting shareholder value and market positioning.

Bitcoin Well Wins $0.5 Million Judgment Against Rapid Cash

Bitcoin Well Inc. has secured a court judgment against Rapid Cash ATM Ltd., resulting in an award of over $0.5 million for funds withheld after the termination of a hosting agreement. The court’s decision, which dismissed Rapid Cash’s attempt to stay the judgment, strengthens Bitcoin Well’s position as they continue to defend against Rapid Cash’s appeal and pursue further claims related to the agreement’s termination.