BTBT
Bit Digital, Inc.
There isn't enough reported data to score BTBT yet.
JPM
JPMorgan Chase & Co.
JPM's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 12x. Analysts expect earnings growth.
BTBT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
BTBT's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like BTBT.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
BTBT PE Valuation
BTBT has no meaningful PE right now: it lost money over the past year.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM's PE is in its expensive range at 14.4x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
BTBT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect BTBT's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
BTBT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.21 | -388% |
| Q2 2026 | -$0.82 | -$0.51 |
| Q1 2026 | -$0.44 | +$0.03 |
| Q4 2025 | -$0.31 | -211% |
| Q3 2025 | $0.42 | +600% |
| Q2 2025 | -$0.31 | -229% |
| Q1 2025 | -$0.47 | -257% |
| Q4 2024 | $0.28 | +$0.44 |
BTBT has swung to a loss: it lost $1.21 per share over the past year, after a profit the year before.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over BTBT on earnings quality, reporting a profit while its opponent remains loss making.
BTBT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.1M | -11% |
| Q2 2026 | $32.1M | +25% |
| Q1 2026 | $27.9M | +11% |
| Q4 2025 | $32.3M | -60% |
| Q3 2025 | $30.5M | +34% |
| Q2 2025 | $25.7M | -11% |
| Q1 2025 | $25.1M | -17% |
| Q4 2024 | $81.8M | +410% |
BTBT's revenue has slid since its 2024 peak: $27M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 240% | -226 points |
| Q2 2026 | -257% | -303 points |
| Q1 2026 | -512% | -303 points |
| Q4 2025 | -597% | -632 points |
| Q3 2025 | 465% | +627 points |
| Q2 2025 | 46% | +86 points |
| Q1 2025 | -209% | -364 points |
| Q4 2024 | 35% | +60 points |
BTBT has the edge over JPM on profitability, with a higher operating margin.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM has the edge over BTBT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM's operating margin was 40% last quarter, about level with the same quarter a year ago.
BTBT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$88.6M | +$168.2M |
| Q2 2026 | -$127.7M | -$63.2M |
| Q1 2026 | -$170.3M | -$122.7M |
| Q4 2025 | -$206M | -$126.5M |
| Q3 2025 | -$256.8M | -3139% |
| Q2 2025 | -$64.5M | -$49.9M |
| Q1 2025 | -$47.6M | -$26.2M |
| Q4 2024 | -$79.5M | -$45.5M |
BTBT's free cash flow was −$593M over the past year, against −$448M the year before. Free cash flow isn't a meaningful measure for financial services companies like BTBT.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM has the edge over BTBT on cash flow, with more consistent year-over-year improvement.
BTBT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +12.4M shares |
| 1 year | +74% | +154M shares |
| 3 years | +336% | +279M shares |
| 5 years | +629% | +313M shares |
| Available history | +2285% | +347M shares |
BTBT has 362M diluted shares, up 74% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has the edge over BTBT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
BTBT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -9.9x | Net Cash |
| Q1 2025 | -8.1x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
| Q3 2024 | -20.3x | Net Cash |
| Q2 2024 | -6.3x | Net Cash |
| Q4 2021 | -1.6x | Net Cash |
| Q3 2021 | -0.8x | Net Cash |
BTBT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BTBT.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
BTBT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.0 | Neutral |
| Stochastic | 3.4 | Oversold |
BTBT's weekly RSI is 32 (neutral) and its Stochastic is 3 (oversold).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
BTBT PE vs Financial Services Sector
| Metric | BTBT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
BTBT has no meaningful PE right now: it lost money over the past year.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
BTBT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.10 | 30% below |
| 20 week MA | $1.35 | 43% below |
| 50 week MA | $1.64 | 53% below |
| 100 week MA | $2.23 | 65% below |
| 200 week MA | $2.51 | 69% below |
BTBT is in a downtrend: it's below all five of its weekly moving averages, and 69% below its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM has the edge over BTBT on trend strength, trading above more of its moving averages.
BTBT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.40 | $5.79 | +1348% |
| 2021 | $5.79 | $7.23 | +25% |
| 2022 | $7.23 | $0.61 | -92% |
| 2023 | $0.61 | $4.23 | +593% |
| 2024 | $4.23 | $3.18 | -25% |
| 2025 | $3.18 | $2.05 | -36% |
| 2026 YTD | $2.05 | $0.77 | -62% |
BTBT's yearly returns have swung widely, from +1348% in 2020 to −92% in 2022. It's down 62% so far in 2026.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has the edge over BTBT on returns for 2026, with the stronger performance.