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Side-by-side financial comparison of Bit Digital, Inc (BTBT) and REGIS CORP (RGS). Click either name above to swap in a different company.

REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $32.3M, roughly 1.8× Bit Digital, Inc). REGIS CORP runs the higher net margin — 0.8% vs -582.6%, a 583.4% gap on every dollar of revenue. REGIS CORP produced more free cash flow last quarter ($891.0K vs $-574.9M).

Digital Equipment Corporation, using the trademark Digital, was a major American company in the computer industry from the 1960s to the 1990s. The company was co-founded by Ken Olsen and Harlan Anderson in 1957. Olsen was president until he was forced to resign in 1992, after the company had gone into precipitous decline.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

BTBT vs RGS — Head-to-Head

Bigger by revenue
RGS
RGS
1.8× larger
RGS
$57.1M
$32.3M
BTBT
Higher net margin
RGS
RGS
583.4% more per $
RGS
0.8%
-582.6%
BTBT
More free cash flow
RGS
RGS
$575.7M more FCF
RGS
$891.0K
$-574.9M
BTBT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BTBT
BTBT
RGS
RGS
Revenue
$32.3M
$57.1M
Net Profit
$-188.4M
$456.0K
Gross Margin
Operating Margin
-597.0%
10.8%
Net Margin
-582.6%
0.8%
Revenue YoY
22.3%
Net Profit YoY
-94.0%
EPS (diluted)
$-0.53
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BTBT
BTBT
RGS
RGS
Q4 25
$32.3M
$57.1M
Q3 25
$30.5M
$59.0M
Q2 25
$25.7M
$60.4M
Q1 25
$25.1M
$57.0M
Q4 24
$46.7M
Q3 24
$46.1M
Q2 24
$49.4M
Q1 24
$49.2M
Net Profit
BTBT
BTBT
RGS
RGS
Q4 25
$-188.4M
$456.0K
Q3 25
$150.9M
$1.4M
Q2 25
$14.9M
$116.5M
Q1 25
$-57.7M
$250.0K
Q4 24
$7.6M
Q3 24
$-853.0K
Q2 24
$91.2M
Q1 24
$-2.3M
Operating Margin
BTBT
BTBT
RGS
RGS
Q4 25
-597.0%
10.8%
Q3 25
10.0%
Q2 25
45.7%
12.1%
Q1 25
-208.6%
8.8%
Q4 24
11.8%
Q3 24
4.6%
Q2 24
Q1 24
8.3%
Net Margin
BTBT
BTBT
RGS
RGS
Q4 25
-582.6%
0.8%
Q3 25
495.3%
2.3%
Q2 25
58.0%
192.9%
Q1 25
-229.9%
0.4%
Q4 24
16.4%
Q3 24
-1.9%
Q2 24
184.7%
Q1 24
-4.7%
EPS (diluted)
BTBT
BTBT
RGS
RGS
Q4 25
$-0.53
$0.16
Q3 25
$0.47
$0.49
Q2 25
$0.07
$43.67
Q1 25
$-0.32
$0.08
Q4 24
$2.71
Q3 24
$-0.36
Q2 24
$38.40
Q1 24
$-1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTBT
BTBT
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$118.4M
$18.4M
Total DebtLower is stronger
$113.3M
Stockholders' EquityBook value
$724.0M
$188.7M
Total Assets
$1.2B
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTBT
BTBT
RGS
RGS
Q4 25
$118.4M
$18.4M
Q3 25
$179.1M
$16.6M
Q2 25
$181.2M
$17.0M
Q1 25
$57.6M
$13.3M
Q4 24
$10.2M
Q3 24
$6.3M
Q2 24
$10.1M
Q1 24
$5.9M
Total Debt
BTBT
BTBT
RGS
RGS
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
BTBT
BTBT
RGS
RGS
Q4 25
$724.0M
$188.7M
Q3 25
$906.2M
$187.6M
Q2 25
$633.2M
$185.6M
Q1 25
$417.4M
$68.6M
Q4 24
$66.7M
Q3 24
$56.4M
Q2 24
$56.8M
Q1 24
$-35.8M
Total Assets
BTBT
BTBT
RGS
RGS
Q4 25
$1.2B
$588.3M
Q3 25
$1.1B
$592.1M
Q2 25
$723.4M
$599.0M
Q1 25
$485.2M
$511.2M
Q4 24
$530.1M
Q3 24
$508.9M
Q2 24
$530.5M
Q1 24
$543.7M
Debt / Equity
BTBT
BTBT
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTBT
BTBT
RGS
RGS
Operating Cash FlowLast quarter
$-288.9M
$1.7M
Free Cash FlowOCF − Capex
$-574.9M
$891.0K
FCF MarginFCF / Revenue
-1778.0%
1.6%
Capex IntensityCapex / Revenue
884.4%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-943.7M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTBT
BTBT
RGS
RGS
Q4 25
$-288.9M
$1.7M
Q3 25
$-240.0M
$2.3M
Q2 25
$17.7M
$6.8M
Q1 25
$17.4M
$6.2M
Q4 24
$2.1M
Q3 24
$-1.3M
Q2 24
$5.1M
Q1 24
$-277.0K
Free Cash Flow
BTBT
BTBT
RGS
RGS
Q4 25
$-574.9M
$891.0K
Q3 25
$-256.8M
$1.9M
Q2 25
$-64.5M
$6.2M
Q1 25
$-47.6M
$5.9M
Q4 24
$1.7M
Q3 24
$-1.4M
Q2 24
$5.1M
Q1 24
$-326.0K
FCF Margin
BTBT
BTBT
RGS
RGS
Q4 25
-1778.0%
1.6%
Q3 25
-843.1%
3.2%
Q2 25
-251.3%
10.3%
Q1 25
-189.4%
10.3%
Q4 24
3.6%
Q3 24
-3.0%
Q2 24
10.3%
Q1 24
-0.7%
Capex Intensity
BTBT
BTBT
RGS
RGS
Q4 25
884.4%
1.4%
Q3 25
55.4%
0.7%
Q2 25
320.3%
0.9%
Q1 25
258.8%
0.6%
Q4 24
0.9%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
BTBT
BTBT
RGS
RGS
Q4 25
3.65×
Q3 25
-1.59×
1.68×
Q2 25
1.19×
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BTBT
BTBT

Cloud Services$19.3M60%
Digital Asset Mining$5.5M17%
Colocation Services$3.8M12%
Other$3.7M11%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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