Company research
BitVentures Ltd
CIK 1785680Updated Sep 24, 2026
SecurityBVC · NASDAQ · equity
Name history
Santech Holdings Ltd · through Dec 22, 2025Hywin Holdings Ltd. · through Jul 17, 2024
BVC price & chart
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 9,889,000Source | 16,742,000Source | 328,475,000Source | 265,729,000Source |
| Property, Plant and Equipment, NetUSD | 5,000Source | 3,000Source | 48,394,000Source | 48,442,000Source |
| GoodwillUSD | — | — | 35,666,000Source | 11,204,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 13,646,000Source | 4,999,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 950,000Source | 15,184,000Source | 120,251,000Source | 78,245,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 57,452,000Source | 84,092,000Source |
| Assets, CurrentUSD | 9,884,000Source | 15,504,000Source | 203,411,000Source | 199,967,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 143,000Source | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 0Source | 1,235,000Source | 25,784,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 158,000Source | 14,180,000Source | 156,422,000Source | 116,891,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 17,000Source | 6,000Source | 5,000Source | 5,000Source |
| Additional Paid in CapitalUSD | 45,783,000Source | 33,256,000Source | 71,364,000Source | 76,048,000Source |
| Retained Earnings (Accumulated Deficit)USD | -36,069,000Source | -30,700,000Source | 62,417,000Source | 51,928,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | 2,309,000Source | 1,260,000Source |
| Stockholders' Equity Attributable to ParentUSD | 9,731,000Source | 2,562,000Source | 153,850,000Source | 144,279,000Source |
| Liabilities and EquityUSD | 9,889,000Source | 16,742,000Source | 328,475,000Source | 265,729,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 158,000Source | 13,930,000Source | 139,666,000Source | 116,192,000Source |
| Operating Lease, Liability, CurrentUSD | 0Source | 1,059,000Source | 11,566,000Source | — |
| Accounts Payable, CurrentUSD | — | — | 461,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 250,000Source | 13,911,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 2,772,000Source | 507,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | 13,968,000Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 0Source | 0Source | 20,679,000Source | 604,000Source |
| Short-term InvestmentsUSD | 8,791,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -743,000Source | 17,323,000Source | 36,530,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 498,000Source | 1,014,000Source | 7,817,000Source | 4,387,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 236,000Source | 102,000Source | 750,000Source | 1,137,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | -22,612,000Source | -4,672,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | — | -265,000Source | -44,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -6,482,000Source | 2,564,000Source | 75,663,000Source | 36,975,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 26,358,000Source | 6,422,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,760,000Source | — | -35,816,000Source | -44,372,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,000Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,008,000Source | — | 226,000Source | -155,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -14,234,000Source | — | 32,508,000Source | -10,783,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 15,184,000Source | 130,904,000Source | 98,396,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 479,000Source | 192,000Source | 3,945,000Source | 13,162,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 236,000Source | 102,000Source | — | — |
| Amortization of Intangible AssetsUSD | — | 51,000Source | 13,028,000Source | 2,879,000Source |
| DepreciationUSD | 3,000Source | 0Source | 41,242,000Source | 25,448,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -750,000Source | -1,137,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 138,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -12,000Source | -3,000Source |
| Gain (Loss) on Termination of LeaseUSD | -273,000Source | — | — | — |
| General and Administrative ExpenseUSD | 2,919,000Source | 5,520,000Source | 43,530,000Source | 37,472,000Source |
| GoodwillUSD | — | — | 35,666,000Source | 11,204,000Source |
| Goodwill, Impairment LossUSD | — | — | 5,100,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 2,158,000Source | 318,000Source | — |
| Impairment of Intangible Assets, Finite-livedCNY | — | — | — | 0Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 1,966,000Source | 318,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -5,790,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,790,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 421,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 421,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 117,000Source | 230,000Source | 10,281,000Source | 13,719,000Source |
| Net Income (Loss) Attributable to ParentUSD | -5,369,000Source | -743,000Source | 18,707,000Source | 36,530,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -1,384,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -5,369,000Source | -743,000Source | 18,707,000Source | — |
| Nonoperating Income (Expense)USD | -1,988,000Source | -7,000Source | -826,000Source | -347,000Source |
| Operating Costs and ExpensesUSD | — | 28,529,000Source | 272,850,000Source | 250,190,000Source |
| Operating Lease, ExpenseUSD | 512,000Source | — | 12,359,000Source | 108,782,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | — | — |
| Other Nonoperating Income (Expense)USD | -2,109,000Source | 54,000Source | -1,020,000Source | -579,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | 49,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | 28,023,000Source | 301,280,000Source | 300,786,000Source |
| Operating Income (Loss)USD | -3,685,000Source | -506,000Source | 28,430,000Source | 50,596,000Source |
| Other Nonoperating Income (Expense)USD | -2,109,000Source | 54,000Source | -1,020,000Source | -579,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -5,673,000Source | -513,000Source | 27,604,000Source | 50,249,000Source |
| Income Tax Expense (Benefit)USD | 117,000Source | 230,000Source | 10,281,000Source | 13,719,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -1,384,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -5,369,000Source | -743,000Source | 18,707,000Source | 36,530,000Source |
| Earnings Per Share, BasicUSD per share | -0.06Source | -0.01Source | 0.33Source | — |
| Earnings Per Share, DilutedUSD per share | -0.06Source | -0.01Source | 0.32Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 88,131,148Source | 56,000,000Source | 56,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 88,131,148Source | 56,000,000Source | 57,972Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 51,000Source | 13,028,000Source | 2,879,000Source |
| Costs and ExpensesUSD | 3,685,000Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | — | 230,000Source | 10,546,000Source | -13,763,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -750,000Source | -1,137,000Source |
| General and Administrative ExpenseUSD | 2,919,000Source | 5,520,000Source | 43,530,000Source | 37,472,000Source |
| Goodwill, Impairment LossUSD | — | — | 5,100,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -5,790,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,790,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.07Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.07Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 421,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 421,000Source | — | — | — |
| Interest Income (Expense), Nonoperating, NetUSD | — | -61,000Source | 194,000Source | 232,000Source |
| Investment Income, NetUSD | 121,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -5,369,000Source | -743,000Source | 18,707,000Source | — |
| Nonoperating Income (Expense)USD | -1,988,000Source | -7,000Source | -826,000Source | -347,000Source |
| Operating Costs and ExpensesUSD | — | 28,529,000Source | 272,850,000Source | 250,190,000Source |
| Operating Lease, ExpenseUSD | 512,000Source | — | 12,359,000Source | 108,782,000Source |
| Selling and Marketing ExpenseUSD | 530,000Source | 3,490,000Source | 45,869,000Source | 48,286,000Source |