Snapshot
Trailing Twelve Months
Capital & Labor Efficiency
History
Revenue & Net Income
Annual reported. Bars = revenue, line = net income.
Margins
Gross, operating, and net margin by fiscal year.
Diluted EPS
Earnings per diluted share by fiscal year.
Free Cash Flow
Operating cash flow less capital expenditure.
Valuation & Returns (TTM)
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Coach
Reasons over this company's data. Can pull anything else you name.Comparables
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Reasons across the names in this comp set. Can pull anything else you name.Scatter
Valuing Bitcoin a network, not a company
A company is valued on a flow of cash it distributes to owners. Bitcoin distributes nothing, so a P/E or margin is the wrong tool. A monetary network is valued on what it can displace (its share of the world's store-of-value pool), how widely it is adopted (Metcalfe / active users), how scarce it is (issuance falling toward zero), and what it costs to secure (the fee and subsidy budget). Realized cap / MVRV is the one measure that also reads as corporate book value, which is why it bridges to the Scatter tab. Network data sourced live from Coin Metrics.
Network Snapshot
Monetary Premium Model
Price Bitcoin as a probability-weighted bid for a share of a monetary pool. Choose the pool and the share you believe Bitcoin captures; the model implies a network value and a price per coin, and compares it to today.
MVRV, Market Value vs Realized Value the bridge metric (= P/B)
Market cap divided by realized cap (aggregate on-chain cost basis). Above 1.0 the network trades over its cost basis; historically high readings have marked froth, lows near 1.0 have marked capitulation.
Metcalfe, Network Value per Active User
Network value divided by daily active addresses. Metcalfe's law says a network's value scales with the square of its users, so value-per-user tends to rise as adoption deepens. Spikes above trend can flag price running ahead of usage.