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Bitcoin Well Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 34.0M 32.1M 31.8M 30.1M 21.0M
Operating Revenue 34.0M 32.1M 31.8M 30.1M 21.0M
Cost Of Revenue 32.7M 30.7M 30.7M 28.8M 20.1M
Gross Profit 1.3M 1.4M 1.1M 1.2M 905,298
Selling General And Administration 2.5M 1.4M 1.4M 1.2M 1.5M
General And Administrative Expense 2.1M 968,922 1.1M 1.0M 1.0M
Depreciation And Amortization In Income Statement 109,060 109,653 106,636 97,127 134,310
Other Operating Expenses 16,474 -147,241 263,544 396,022 73,557
Operating Expense 2.6M 1.3M 1.8M 1.7M 1.7M
Operating Income -1.3M 14,498 -722,233 -510,151 -808,351
EBIT -3.3M -3.4M 4.0M -9.2M -315,231
Interest Expense 849,528 805,614 705,152 612,264 633,995
Interest Expense Non Operating 849,528 805,614 705,152 612,264 633,995
Net Interest Income -849,528 -805,614 -705,152 -612,264 -633,995
Other Income Expense -2.0M -3.4M 4.7M -8.7M 493,120
Other Non Operating Income Expenses 14,413 -3.9M -27,557 -- --
Special Income Charges -2,457 0.00 0.00 -1,546 -2,607
Gain On Sale Of Security -2.0M 483,655 4.7M -8.3M 495,727
Pretax Income -4.1M -4.2M 3.3M -9.8M -949,226
Tax Provision -- -- -- 0.00 0.00
Tax Effect Of Unusual Items 0.00 0.00 712,266 0.00 0.00
Net Income From Continuing And Discontinued Operation -4.1M -4.2M 3.3M -9.8M -949,226
Net Income From Continuing Operation Net Minority Interest -4.1M -4.2M 3.3M -9.8M -949,226
Net Income Including Noncontrolling Interests -4.1M -4.2M 3.3M -9.8M -949,226
Net Income Common Stockholders -4.1M -4.2M 3.3M -9.8M -949,226
Net Income -4.1M -4.2M 3.3M -9.8M -949,226
EBITDA -3.2M -3.2M 4.1M -9.1M -180,921
Normalized EBITDA -1.2M -3.7M -643,154 -822,981 -674,041
Reconciled Depreciation 109,060 109,653 106,636 97,127 134,310
Basic EPS -0.02 -0.02 0.01 -- 0.00
Diluted EPS -0.02 -0.02 0.01 -- 0.00
Basic Average Shares 228.3M 221.8M 219.8M -- 215.2M
Diluted Average Shares 228.3M 221.8M 263.2M -- 215.2M
Total Unusual Items -2.0M 483,655 4.7M -8.3M 493,120
Total Unusual Items Excluding Goodwill -2.0M 483,655 4.7M -8.3M 493,120
Tax Rate For Calcs 0.00 0.00 0.15 0.00 0.00
Normalized Income -2.1M -4.6M -742,676 -1.5M -1.4M
Depreciation Amortization Depletion Income Statement 109,060 109,653 106,636 97,127 134,310
Depreciation Income Statement 109,060 109,653 106,636 97,127 134,310
Diluted NI Availto Com Stockholders -4.1M -4.2M 3.3M -9.8M -949,226
Gain On Sale Of Ppe -2,457 0.00 -- -609.00 -2,607
Net Income Continuous Operations -4.1M -4.2M 3.3M -9.8M -949,226
Net Non Operating Interest Income Expense -849,528 -805,614 -705,152 -612,264 -633,995
Other Gand A 1.7M 685,959 725,059 624,847 709,606
Other Special Charges -- -- -- 937.00 --
Reconciled Cost Of Revenue 32.7M 30.7M 30.7M 28.8M 20.1M
Rent And Landing Fees 9,580 10,355 9,958 9,241 14,201
Rent Expense Supplemental 9,580 10,355 9,958 9,241 14,201
Salaries And Wages 361,467 272,608 351,920 397,458 318,399
Selling And Marketing Expense 356,444 417,263 349,566 205,846 463,576
Total Expenses 35.3M 32.1M 32.5M 30.6M 21.8M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 9.1M 1.8M 1.7M 2.9M 1.6M
Cash Cash Equivalents And Short Term Investments 37.2M 23.1M 18.9M 25.3M 15.0M
Cash Financial 9.1M 1.8M 1.7M 2.9M 1.6M
Other Short Term Investments 28.1M 21.3M 17.3M 22.4M 13.4M
Accounts Receivable 153,015 645,530 716,802 73,241 568,840
Receivables 153,015 645,530 716,802 576,463 568,840
Inventory 1.7M 1.5M 1.2M 1.4M 880,503
Prepaid Assets 351,905 425,927 396,703 225,903 114,767
Other Current Assets 3.00 -100.00 -- -- --
Current Assets 39.4M 25.7M 21.3M 27.4M 16.5M
Gross PPE 176,088 276,295 377,007 1.9M 509,817
Accumulated Depreciation -- -- -- -1.5M --
Net PPE 176,088 276,295 377,007 418,344 509,817
Goodwill 105,427 105,427 105,427 105,427 105,427
Goodwill And Other Intangible Assets 156,196 162,457 168,719 174,980 181,243
Other Intangible Assets 50,769 57,030 63,292 69,553 75,816
Investments And Advances -- -- -- 0.00 0.00
Total Non Current Assets 332,284 438,752 545,726 593,324 691,060
Total Assets 39.7M 26.1M 21.8M 28.0M 17.2M
Current Debt 22.6M 21.0M 19.1M 9.9M 13.2M
Current Debt And Capital Lease Obligation 22.6M 21.1M 19.1M 9.9M 13.3M
Accounts Payable 516,091 208,535 659,649 268,544 778,507
Payables 670,782 367,345 822,726 435,804 949,867
Payables And Accrued Expenses 1.2M 901,912 822,726 729,394 949,867
Current Accrued Expenses 507,921 534,567 -- 293,590 --
Current Deferred Revenue 232,673 136,694 139,041 734,893 --
Current Liabilities 24.0M 22.1M 20.1M 11.4M 14.2M
Long Term Debt 19.0M 18.0M 15.8M 29.6M 14.2M
Long Term Debt And Capital Lease Obligation 19.0M 18.0M 15.9M 29.6M 14.2M
Long Term Capital Lease Obligation 24,590 28,706 32,758 8,884 17,443
Total Non Current Liabilities Net Minority Interest 19.0M 18.0M 15.9M 29.6M 14.2M
Total Liabilities Net Minority Interest 43.0M 40.1M 35.9M 41.0M 28.4M
Common Stock 28.7M 16.0M 15.6M 15.4M 15.2M
Capital Stock 28.7M 16.0M 15.6M 15.4M 15.2M
Additional Paid In Capital 4.1M 4.0M 4.0M 3.9M 3.7M
Retained Earnings -57.5M -53.4M -49.2M -52.5M -42.7M
Gains Losses Not Affecting Retained Earnings 20.2M 18.2M 14.3M 19.0M 11.7M
Other Equity Adjustments 20.2M 18.2M 14.3M 19.0M 11.7M
Common Stock Equity -3.3M -14.0M -14.1M -13.0M -11.2M
Stockholders Equity -3.3M -14.0M -14.1M -13.0M -11.2M
Total Equity Gross Minority Interest -3.3M -14.0M -14.1M -13.0M -11.2M
Total Capitalization 15.6M 4.0M 1.7M 16.6M 3.0M
Net Tangible Assets -3.5M -14.1M -14.3M -13.2M -11.4M
Tangible Book Value -3.5M -14.1M -14.3M -13.2M -11.4M
Working Capital 15.3M 3.6M 1.2M 16.0M 2.3M
Invested Capital 38.2M 25.0M 20.8M 26.5M 16.2M
Total Debt 41.6M 39.1M 35.0M 39.6M 27.4M
Net Debt 32.5M 37.2M 33.2M 36.6M 25.8M
Share Issued 348.8M 223.1M 220.2M 218.7M 217.4M
Ordinary Shares Number 348.8M 223.1M 220.2M 218.7M 217.4M
Capital Lease Obligations 58,117 70,228 81,977 41,287 48,660
Current Capital Lease Obligation 33,527 41,522 49,219 32,403 31,217
Current Deferred Liabilities 232,673 136,694 139,041 734,893 --
Financial Assets Designatedas Fair Value Through Profitor Loss Total -- -- -- 0.00 0.00
Finished Goods 1.6M 1.5M 1.2M 1.4M 872,106
Investmentin Financial Assets -- -- -- 0.00 0.00
Leases -- -- -- 0.00 --
Line Of Credit 10.8M 10.2M 9.9M 9.6M 6.8M
Machinery Furniture Equipment -- -- -- 76,572 --
Other Current Borrowings 11.8M 10.9M 9.1M 243,698 6.4M
Other Equity Interest 1.2M 1.2M 1.2M 1.2M 827,399
Other Inventories 94,298 31,986 28,202 11,775 8,397
Other Payable 154,691 158,810 163,077 167,260 171,360
Other Properties 176,088 276,295 377,007 1.8M 509,817
Other Receivables -- -- -- 503,222 --
Properties -- -- -- 0.00 --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow -649,631 -650,281 -1.7M -2.6M -805,636
Cash Flow From Continuing Operating Activities -649,631 -650,281 -1.7M -2.6M -805,636
Depreciation And Amortization 109,060 109,653 106,636 97,127 134,310
Depreciation Amortization Depletion 109,060 109,653 106,636 97,127 134,310
Stock Based Compensation 107,500 31,591 104,318 142,024 62,515
Deferred Tax -- -- -- -- --
Deferred Income Tax -- -- -- -- --
Change In Working Capital 1.3M 245,408 -680,767 -2.0M 439,726
Changes In Account Receivables 492,515 71,272 -140,339 -7,622 28,675
Change In Receivables 492,515 71,272 -140,339 -7,622 28,675
Change In Inventory -48,437 -17,564 -3,999 -10,131 48,201
Change In Payables And Accrued Expense 691,609 223,271 230,223 -215,772 94,564
Change In Other Working Capital 95,979 -2,347 -595,852 -- 21,091
Change In Other Current Assets -- -- -- -- 489,660
Other Non Cash Items 1.8M 3.6M -2.0M 8.8M -43,207
Capital Expenditure -5,050 -2,678 -7,578 -- --
Purchase Of PPE -5,050 -2,678 -7,578 -- --
Net PPE Purchase And Sale -5,050 -2,678 -7,578 0.00 -1.00
Purchase Of Investment -5.1M -126,442 -85,940 -- -181,693
Sale Of Investment 297,091 0.00 2.9M 3.4M 671,353
Net Investment Purchase And Sale -4.8M -126,442 2.9M 1.0M 489,660
Investing Cash Flow -4.8M -129,120 2.8M 1.0M 489,659
Cash Flow From Continuing Investing Activities -4.8M -129,120 2.8M 1.0M 489,659
Issuance Of Debt -- -- -- 4.8M 0.00
Repayment Of Debt -12,113 -11,749 -2.7M -1.3M -442,831
Net Issuance Payments Of Debt 13.0M 699,081 -2.4M 2.8M 2.2M
Issuance Of Capital Stock -- 217,933 0.00 0.00 1.00
Net Common Stock Issuance -- 217,933 0.00 0.00 1.00
Financing Cash Flow 12.7M 912,746 -2.4M 2.8M 216,205
Cash Flow From Continuing Financing Activities 12.7M 912,746 -2.4M 2.8M 216,205
Changes In Cash 7.3M 133,345 -1.2M 1.3M -99,772
Beginning Cash Position 1.8M 1.7M 2.9M 1.6M 1.7M
End Cash Position 9.1M 1.8M 1.7M 2.9M 1.6M
Free Cash Flow -654,681 -652,959 -1.7M -2.6M -805,636
Change In Prepaid Assets 71,330 -29,224 -170,800 -112,322 247,195
Common Stock Issuance -- 217,933 0.00 0.00 1.00
Depreciation 109,060 109,653 106,636 97,127 134,310
Gain Loss On Investment Securities 0.00 0.00 -2.5M -299,557 -373,349
Gain Loss On Sale Of PPE 2,457 -- -- 609.00 2,607
Long Term Debt Issuance -- -- -- 1.7M 0.00
Long Term Debt Payments -12,113 -11,749 -2.7M -1.3M -442,831
Net Foreign Currency Exchange Gain Loss 200,647 -483,655 -16,894 492,913 -79,012
Net Income From Continuing Operations -4.1M -4.2M 3.3M -9.8M -949,226
Net Long Term Debt Issuance 12.5M -11,749 -2.7M 451,581 1.5M
Net Other Financing Charges -4,119 -4,268 -4,182 -4,100 -4,020
Net Short Term Debt Issuance 443,583 710,830 316,079 2.3M 643,057
Operating Gains Losses 203,104 -483,655 -2.5M 194,902 -449,754
Proceeds From Stock Option Exercised 0.00 0.00 51,881 51,903 19,998
Sale Of PPE -- -- -- -- -1.00
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