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Bitcoin Well Inc
(BTCW)
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Rating:42Neutral
Price Target:
C$0.04
▼(-65.45% Downside)
Action:Reiterated
Date:07/10/26
The score is held down primarily by weak financial quality—negative equity with meaningful debt, continued cash burn, and ongoing losses despite improved revenue. Technicals are also bearish with price below key moving averages and a negative MACD. Valuation provides limited support because the company is not profitable (negative P/E) and no dividend yield is available.
Positive Factors
Revenue Growth
Sustained top-line acceleration (reported strong revenue growth) indicates rising user adoption and/or trading volume. Over 2–6 months this supports operating leverage and scale benefits, improving the company's ability to cover fixed costs and move toward durable profitability if growth persists.
Negative Factors
Weak Balance Sheet
Negative equity and debt exceeding assets represent a structural solvency risk. This weak capital structure constrains strategic flexibility, raises refinancing and covenant risk, and increases reliance on external capital or dilution, presenting long-term funding uncertainty if cash flows don't materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line acceleration (reported strong revenue growth) indicates rising user adoption and/or trading volume. Over 2–6 months this supports operating leverage and scale benefits, improving the company's ability to cover fixed costs and move toward durable profitability if growth persists.
Read all positive factors
Bitcoin Well Inc (BTCW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.41M
Dividend YieldN/A
Average Volume (3M)232.23K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth28.21%
EPS Growth37.20%
CountryCA
Employees16
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.02
Shares Outstanding285,189,180
10 Day Avg. Volume192,279
30 Day Avg. Volume232,227
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)-3.41
Price to Sales (P/S)0.20
P/FCF Ratio-6.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)C$160.32M
Bitcoin Well Inc Business Overview & Revenue Model
Company Description
Bitcoin Well Inc. is engaged in the acquisition, ownership, and operation of cryptocurrency ATM terminals. Providing both digital and physical channels, the company enables clients to buy and sell Bitcoin and various other digital assets, includin...
How the Company Makes Money
Bitcoin Well primarily makes money by earning transaction-based revenue on bitcoin trades executed through its products and services. This typically includes spreads/markups or fees embedded in the buy/sell price offered to customers (the differen...
Bitcoin Well Inc Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
14
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 136.07M | 132.96M | 90.51M | 54.53M | 66.73M | 99.61M |
| Gross Profit | 3.79M | 3.67M | 3.97M | 4.83M | 4.42M | 5.17M |
| EBITDA | -7.49M | 2.84M | -14.56M | -8.08M | -1.52M | -12.22M |
| Net Income | -1.79M | -793.16K | -17.78M | -12.02M | -5.99M | -13.60M |
Balance Sheet | ||||||
| Total Assets | 23.54M | 29.91M | 28.02M | 14.91M | 14.02M | 23.56M |
| Cash, Cash Equivalents and Short-Term Investments | 21.83M | 27.71M | 25.25M | 11.89M | 9.95M | 13.40M |
| Total Debt | 32.47M | 36.25M | 39.55M | 23.12M | 18.86M | 15.91M |
| Total Liabilities | 33.52M | 37.77M | 41.02M | 24.06M | 19.86M | 17.57M |
| Stockholders Equity | -9.97M | -7.86M | -12.99M | -9.15M | -5.83M | 5.99M |
Cash Flow | ||||||
| Free Cash Flow | -3.84M | -4.44M | -3.07M | -3.56M | -9.79M | -5.06M |
| Operating Cash Flow | -3.76M | -4.37M | -3.07M | -3.56M | -9.08M | -2.43M |
| Investing Cash Flow | -9.61M | -6.71M | 1.07M | 3.18M | -720.86K | -3.12M |
| Financing Cash Flow | 14.10M | 11.35M | 3.21M | -1.89M | 8.94M | 6.30M |
Bitcoin Well Inc Technical Analysis
Negative
0.11
Price Trends
0.04
Negative
0.06
Negative
0.09
Negative
Market Momentum
>-0.01
Negative
44.66
Neutral
100.00
Negative
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 0.11 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.66 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$101.38M | -10.56 | -9.23% | ― | 7.99% | 55.86% | |
47 Neutral | C$23.13M | -19.70 | -63.28% | ― | -15.87% | 96.43% | |
45 Neutral | C$8.19M | -2.63 | -277.20% | ― | -234.82% | 48.90% | |
43 Neutral | C$2.89M | -1.30 | -66.57% | ― | -16.24% | 17.37% | |
42 Neutral | C$11.41M | -2.17 | ― | ― | 28.21% | 37.20% |
* General Sector Average
TSE:BTCW
Bitcoin Well Inc
0.04
-0.12
-75.00%
TSE:BTC
Bluesky Digital Assets
0.11
-0.03
-21.43%
TSE:BIGG
BIGG Digital Assets
0.07
-0.07
-50.00%
TSE:DMGI
DMG Blockchain Solutions
0.49
0.15
42.03%
TSE:FRNT
FRNT Financial, Inc.
0.09
-0.38
-80.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.