BVCBitVentures Limited
Is the business good?
Elite returns on assets. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 25% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BVC?
BitVentures Limited earns −73% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 82 points below what the capital costs: growth destroys value
- Operating margin
- −455%
Operating margin · Software - Application median 6.9% · fiscal year to FY2026
- Share count, year on year
- +91%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 57%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 15% |
| FY2022 | −61% |
| FY2023 | −22% |
| FY2024 | −3.5% |
| FY2026 | −455% |
Details›
- Gross marginfiscal year to FY2026
- 57%
- Operating marginfiscal year to FY2026
- −455%
- Net marginfiscal year to FY2026
- 688%
- Free cash flow margin
- 773%
- Revenue, trailing twelve months
- $498K
- Free cash flow, trailing twelve months
- $3.9M
- Net income, trailing twelve months
- $3.4M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −73%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from BVC and who it buys from, as the companies report it.
- Customer A58%
Share of revenue · FY2026 20-F
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; BVC’s own figures are from its FY2026 20-F. Smaller customers and suppliers go unreported.
Software, Application
Ranks #88 of 92 by RyuScore