Bitdeer Technologies Group(BTDR)Earnings, Financials & Key Ratios
BTDR•NASDAQ
$15.10
$2.84B mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryEmerging tech platforms (AI, blockchain, identity)
AboutBitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. It has mining datacenters deployed in the United States and Norway. The company is headquartered in Singapore.Show more
- Revenue$620M+77.3%
- EBITDA$284M+155.8%
- Net Income$66M+110.9%
- EPS (Diluted)-1.43+67.2%
- Gross Margin9.83%-48.2%
- EBITDA Margin45.76%+131.5%
- Operating Margin25.75%+115.3%
- Net Margin10.58%+106.2%
- ROE11.46%+105.8%
- ROIC12.58%+105.2%
- Debt/Equity1.27+22.4%
BTDR Key Insights
Bitdeer Technologies Group (BTDR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 27.2%
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 70.5% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BTDR Price & Volume
Bitdeer Technologies Group (BTDR) stock price & volume — 10-year historical chart
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BTDR Growth Metrics
Bitdeer Technologies Group (BTDR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years27.18%
3 Years23%
TTM77.33%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM110.95%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM73.55%
Return on Capital
10 Years-19.68%
5 Years-16.37%
3 Years-37.84%
Last Year18.34%
BTDR Recent Earnings
Bitdeer Technologies Group (BTDR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (30%)●Beat Revenue 5/12 qtrs (50%)
Q1 2026Latest
Feb 12, 2026EPS
$0.73
Est $0.15
-386.7%
Revenue
$225M
Est $205M
+9.7%
Q4 2025
Nov 10, 2025EPS
$1.28
Est $0.22
-481.8%
Revenue
$170M
Est $208M
-18.5%
Q3 2025
Aug 18, 2025EPS
$0.76
Est $0.19
-300.0%
Revenue
$156M
Est $140M
+11.4%
Q2 2025
May 15, 2025EPS
$0.37
Est $0.42
+11.7%
Revenue
$70M
Est $68M
+3.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.73vs $0.15-386.7% | $225Mvs $205M+9.7% |
| Q4 2025 | Nov 10, 2025 | $1.28vs $0.22-481.8% | $170Mvs $208M-18.5% |
| Q3 2025 | Aug 18, 2025 | $0.76vs $0.19-300.0% | $156Mvs $140M+11.4% |
| Q2 2025 | May 15, 2025 | $0.37vs $0.42+11.7% | $70Mvs $68M+3.5% |
Based on last 12 quarters of dataView full earnings history →
BTDR Peer Comparison
Bitdeer Technologies Group (BTDR) competitors in Emerging tech platforms (AI, blockchain, identity) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.62B | 12.16 | -3.30 | 38.2% | -144.58% | -30.54% | 1.05 | |
 RIOT | 7.71B | 20.35 | -10.43 | 71.89% | -102.43% | -28.78% | 0.10 | |
 CLSK | 3.43B | 13.41 | 11.97 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.97B | 22.10 | -10.28 | 48.04% | -367.17% | -115.53% | 3.31 | |
 HUT | 8.86B | 80.50 | -37.61 | 44.79% | -96.19% | -13.39% | 0.25 | |
 IREN | 18.19B | 54.74 | 140.36 | 167.65% | 17.35% | -0.64% | 0.53 | |
 CORZ | 6.97B | 22.19 | -25.22 | -37.53% | -90.47% | |||
 BTBT | 576.6M | 1.79 | 8.95 | 264.59% | 17.29% | 21.41% | 0.03 |
Compare BTDR vs Peers
Bitdeer Technologies Group (BTDR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BTDR Income Statement
Bitdeer Technologies Group (BTDR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 186.39M | 394.66M | 333.34M | 368.55M | 349.78M | 620.25M |
| Revenue Growth % | - | 111.74% | -15.54% | 10.56% | -5.09% | 77.33% |
| Cost of Goods Sold | 209.56M | 153.25M | 250.09M | 290.75M | 283.38M | 559.26M |
| COGS % of Revenue | 112.43% | 38.83% | 75.02% | 78.89% | 81.02% | 90.17% |
| Gross Profit | -23.18M▲ 0% | 241.41M▲ 1141.6% | 83.25M▼ 65.5% | 77.81M▼ 6.5% | 66.4M▼ 14.7% | 60.99M▼ 8.1% |
| Gross Margin % | -12.43% | 61.17% | 24.98% | 21.11% | 18.98% | 9.83% |
| Gross Profit Growth % | - | 1141.58% | -65.51% | -6.54% | -14.66% | -8.14% |
| Operating Expenses | 40.23M | 110.58M | 143.84M | 130.06M | 656.06M | -98.73M |
| OpEx % of Revenue | 21.58% | 28.02% | 43.15% | 35.29% | 187.56% | -15.92% |
| Selling, General & Admin | 25.84M | 98.18M | 105.14M | 74.7M | 72.36M | 91.08M |
| SG&A % of Revenue | 13.86% | 24.88% | 31.54% | 20.27% | 20.69% | 14.68% |
| Research & Development | 9.79M | 29.5M | 35.43M | 29.53M | 76.95M | 153.88M |
| R&D % of Revenue | 5.25% | 7.47% | 10.63% | 8.01% | 22% | 24.81% |
| Other Operating Expenses | 4.61M | -17.11M | 3.27M | 25.82M | 506.75M | -343.69M |
| Operating Income | -63.41M▲ 0% | 130.83M▲ 306.3% | -60.59M▼ 146.3% | -52.25M▲ 13.8% | -589.66M▼ 1028.6% | 159.72M▲ 127.1% |
| Operating Margin % | -34.02% | 33.15% | -18.18% | -14.18% | -168.58% | 25.75% |
| Operating Income Growth % | - | 306.33% | -146.31% | 13.76% | -1028.6% | 127.09% |
| EBITDA | 48.63M | 193.88M | 5.84M | 20.69M | -508.56M | 283.8M |
| EBITDA Margin % | 26.09% | 49.13% | 1.75% | 5.61% | -145.39% | 45.76% |
| EBITDA Growth % | - | 298.69% | -96.99% | 254.39% | -2557.66% | 155.8% |
| D&A (Non-Cash Add-back) | 112.04M | 63.05M | 66.42M | 72.94M | 81.1M | 124.08M |
| EBIT | -62.96M | 133.33M | -59.56M | -45.54M | -583.67M | 159.72M |
| Net Interest Income | -404K | 394K | -1.14M | 2.52M | -10.35M | -88.89M |
| Interest Income | 419K | 2.95M | 4.29M | 7.95M | 7.57M | 0 |
| Interest Expense | 823K | 2.55M | 5.43M | 5.43M | 17.92M | 0 |
| Other Income/Expense | -380K | 59K | -4.18M | 1.28M | -11.94M | -88.89M |
| Pretax Income | -63.79M▲ 0% | 130.89M▲ 305.2% | -64.77M▼ 149.5% | -50.97M▲ 21.3% | -601.59M▼ 1080.3% | 70.83M▲ 111.8% |
| Pretax Margin % | -34.22% | 33.16% | -19.43% | -13.83% | -171.99% | 11.42% |
| Income Tax | -7.96M | 48.25M | -4.4M | 5.68M | -2.44M | 5.23M |
| Effective Tax Rate % | 12.48% | 36.86% | 6.79% | -11.15% | 0.41% | 7.39% |
| Net Income | -55.83M▲ 0% | 82.64M▲ 248.0% | -60.37M▼ 173.0% | -56.66M▲ 6.1% | -599.15M▼ 957.5% | 65.6M▲ 110.9% |
| Net Margin % | -29.95% | 20.94% | -18.11% | -15.37% | -171.29% | 10.58% |
| Net Income Growth % | - | 248.04% | -173.04% | 6.15% | -957.52% | 110.95% |
| Net Income (Continuing) | -55.83M | 82.64M | -60.37M | -56.66M | -599.15M | 65.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.50▲ 0% | 0.74▲ 248.0% | -0.54▼ 173.0% | -0.51▲ 5.6% | -4.36▼ 754.9% | -1.43▲ 67.2% |
| EPS Growth % | - | 248% | -172.97% | 5.56% | -754.9% | 67.2% |
| EPS (Basic) | -0.50 | 0.74 | -0.54 | -0.51 | -4.36 | 0.32 |
| Diluted Shares Outstanding | 111.29M | 111.29M | 111.29M | 110.49M | 137.43M | 234.32M |
| Basic Shares Outstanding | 111.29M | 111.29M | 111.29M | 110.49M | 137.43M | 45.87M |
| Dividend Payout Ratio | - | - | - | - | - | - |
BTDR Balance Sheet
Bitdeer Technologies Group (BTDR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 677.51M | 424.22M | 319.56M | 260.32M | 626.17M | 1.39B |
| Cash & Short-Term Investments | 50.86M | 372.09M | 231.36M | 161.1M | 518.79M | 154.33M |
| Cash Only | 44.75M | 372.09M | 231.36M | 144.73M | 476.27M | 149.35M |
| Short-Term Investments | 6.11M | 0 | 0 | 16.37M | 42.52M | 0 |
| Accounts Receivable | 2.04M | 20.7M | 22M | 17.46M | 25.14M | 31.37M |
| Days Sales Outstanding | 3.99 | 19.15 | 24.09 | 17.3 | 26.23 | 18.46 |
| Inventory | 0 | 0 | 0 | 346K | 64.89M | 252M |
| Days Inventory Outstanding | - | - | - | 0.43 | 83.58 | 164.47 |
| Other Current Assets | 624.61M | 10.31M | 11.49M | -8.12M | 17.36M | 250.66M |
| Total Non-Current Assets | 175.79M | 222.76M | 331.85M | 379.06M | 608.41M | 1.42B |
| Property, Plant & Equipment | 135.13M | 208.03M | 226.42M | 276.96M | 387.97M | 1.15B |
| Fixed Asset Turnover | 1.38x | 1.90x | 1.47x | 1.33x | 0.90x | 0.54x |
| Goodwill | 0 | 0 | 0 | 0 | 35.82M | 35.82M |
| Intangible Assets | 76K | 115K | 322K | 4.78M | 83.23M | 93.43M |
| Long-Term Investments | 0 | 1.25M | 60.96M | 36.77M | 37.98M | 39.31M |
| Other Non-Current Assets | 40.59M | 8.74M | 39.29M | 59.56M | 57.18M | 103.61M |
| Total Assets | 853.3M▲ 0% | 646.97M▼ 24.2% | 651.41M▲ 0.7% | 639.39M▼ 1.8% | 1.56B▲ 143.6% | 2.8B▲ 80.0% |
| Asset Turnover | 0.22x | 0.61x | 0.51x | 0.58x | 0.22x | 0.22x |
| Asset Growth % | - | -24.18% | 0.69% | -1.85% | 143.65% | 80.03% |
| Total Current Liabilities | 678.12M | 258.92M | 221.21M | 121.18M | 1.1B | 1.52B |
| Accounts Payable | 3.06M | 17.74M | 15.77M | 32.48M | 31.47M | 119.82M |
| Days Payables Outstanding | 5.33 | 42.25 | 23.01 | 40.78 | 40.54 | 78.2 |
| Short-Term Debt | 24.76M | 0 | 0 | 0 | 208.13M | 753.79M |
| Deferred Revenue (Current) | 0 | 213.45M | 182.3M | 49.51M | 0 | 0 |
| Other Current Liabilities | 638.4M | 0 | 1.34M | -9.73M | 801.04M | 633.49M |
| Current Ratio | 1.00x | 1.64x | 1.44x | 2.15x | 0.57x | 0.91x |
| Quick Ratio | 1.00x | 1.64x | 1.44x | 2.15x | 0.51x | 0.75x |
| Cash Conversion Cycle | - | - | - | -23.05 | 69.27 | 104.73 |
| Total Non-Current Liabilities | 29.27M | 99.97M | 111.86M | 185.64M | 181.14M | 416.06M |
| Long-Term Debt | 877K | 29.46M | 29.8M | 22.62M | 0 | 247.3M |
| Capital Lease Obligations | 16.84M | 62.97M | 70.42M | 64.92M | 72.67M | 88.98M |
| Deferred Tax Liabilities | 0 | 7.55M | 11.63M | 1.62M | 16.61M | 0 |
| Other Non-Current Liabilities | 11.55M | 0 | 0 | 1.66M | 1.65M | 79.78M |
| Total Liabilities | 707.4M | 358.89M | 333.07M | 306.82M | 1.28B | 1.94B |
| Total Debt | 47.58M | 92.43M | 100.23M | 92.83M | 286.26M | 1.1B |
| Net Debt | 2.83M | -279.66M | -131.13M | -51.9M | -190.01M | 949.95M |
| Debt / Equity | 0.33x | 0.32x | 0.31x | 0.28x | 1.03x | 1.27x |
| Debt / EBITDA | 0.98x | 0.48x | 17.17x | 4.49x | - | 3.87x |
| Net Debt / EBITDA | 0.06x | -1.44x | -22.46x | -2.51x | - | 3.35x |
| Interest Coverage | -77.04x | 51.25x | -11.15x | -9.63x | -32.90x | - |
| Total Equity | 145.9M▲ 0% | 288.08M▲ 97.4% | 318.34M▲ 10.5% | 332.57M▲ 4.5% | 276.6M▼ 16.8% | 867.85M▲ 213.8% |
| Equity Growth % | - | 97.44% | 10.5% | 4.47% | -16.83% | 213.76% |
| Book Value per Share | 1.31 | 2.59 | 2.86 | 3.01 | 2.01 | 3.70 |
| Total Shareholders' Equity | 145.9M | 288.08M | 318.34M | 332.57M | 276.6M | 867.85M |
| Common Stock | 145.9M | 1K | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 67.17M | 6.8M | -49.85M | -649M | -583.41M |
| Treasury Stock | 0 | 0 | 0 | -2.6M | -160.93M | -325.6M |
| Accumulated OCI | 0 | 220.91M | 311.54M | 385.02M | 1.09B | 1.78B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
BTDR Cash Flow Statement
Bitdeer Technologies Group (BTDR) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -109.18M | -52.47M | -268.04M | -271.79M | -622.07M | -1.74B |
| Operating CF Margin % | -58.57% | -13.29% | -80.41% | -73.74% | -177.85% | -280.32% |
| Operating CF Growth % | - | 51.94% | -410.88% | -1.4% | -128.88% | -179.5% |
| Net Income | -55.83M | 82.64M | -60.37M | -56.66M | -599.15M | 65.6M |
| Depreciation & Amortization | 112.04M | 63.05M | 66.42M | 75.54M | 81.1M | 0 |
| Stock-Based Compensation | 0 | 88.36M | 90.65M | 45.49M | 33.97M | 0 |
| Deferred Taxes | -7.96M | 48.25M | -4.4M | 5.68M | 0 | 0 |
| Other Non-Cash Items | -166.89M | -351.99M | -319.65M | -306.59M | 182.41M | -1.8B |
| Working Capital Changes | 9.47M | 17.22M | -40.69M | -35.26M | -320.4M | 0 |
| Change in Receivables | 0 | -13.67M | -5.01M | 270K | 6.39M | 0 |
| Change in Inventory | 0 | 0 | 716K | -204K | -81.2M | 0 |
| Change in Payables | 512K | 12.51M | -6.02M | 13.6M | -11.26M | 0 |
| Cash from Investing | 62.74M | 394.57M | 133.79M | 199.85M | 112.7M | 38.86M |
| Capital Expenditures | -143.88M | -89.49M | -63.2M | -126.35M | -127.22M | -267.68M |
| CapEx % of Revenue | 77.2% | 22.68% | 18.96% | 34.28% | 36.37% | 43.16% |
| Acquisitions | 0 | -14.86M | -16.85M | 0 | -6.05M | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 206.63M | 498.92M | 274.18M | 299.49M | 248.75M | 306.54M |
| Cash from Financing | 30.78M | -14.43M | -3.88M | -13.49M | 844.27M | 1.37B |
| Debt Issued (Net) | 5.55M | -3.48M | -3.88M | -12.19M | 529.54M | 1.19B |
| Equity Issued (Net) | 0 | 0 | 0 | 1000K | 1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -2.6M | -617K | -65.01M |
| Other Financing | 25.23M | -10.94M | 0 | -8.19M | -169.76M | 239.86M |
| Net Change in Cash | -15.07M▲ 0% | 327.33M▲ 2271.7% | -140.73M▼ 143.0% | -86.63M▲ 38.4% | 331.54M▲ 482.7% | -326.92M▼ 198.6% |
| Free Cash Flow | -253.06M▲ 0% | -141.96M▲ 43.9% | -331.24M▼ 133.3% | -398.13M▼ 20.2% | -749.29M▼ 88.2% | -2.01B▼ 167.8% |
| FCF Margin % | -135.77% | -35.97% | -99.37% | -108.03% | -214.22% | -323.47% |
| FCF Growth % | - | 43.9% | -133.33% | -20.2% | -88.2% | -167.77% |
| FCF per Share | -2.27 | -1.28 | -2.98 | -3.60 | -5.45 | -8.56 |
| FCF Conversion (FCF/Net Income) | 1.96x | -0.63x | 4.44x | 4.80x | 1.04x | -26.51x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
BTDR Key Ratios
Bitdeer Technologies Group (BTDR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -38.26% | 38.09% | -19.91% | -17.41% | -196.71% | 11.46% |
| Return on Invested Capital (ROIC) | -31.97% | 124.87% | -46.45% | -16.75% | -240.84% | 12.58% |
| Gross Margin | -12.43% | 61.17% | 24.98% | 21.11% | 18.98% | 9.83% |
| Net Margin | -29.95% | 20.94% | -18.11% | -15.37% | -171.29% | 10.58% |
| Debt / Equity | 0.33x | 0.32x | 0.31x | 0.28x | 1.03x | 1.27x |
| Interest Coverage | -77.04x | 51.25x | -11.15x | -9.63x | -32.90x | - |
| FCF Conversion | 1.96x | -0.63x | 4.44x | 4.80x | 1.04x | -26.51x |
| Revenue Growth | - | 111.74% | -15.54% | 10.56% | -5.09% | 77.33% |
BTDR Frequently Asked Questions
Bitdeer Technologies Group (BTDR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bitdeer Technologies Group (BTDR) reported $620.3M in revenue for fiscal year 2025. This represents a 233% increase from $186.4M in 2020.
Bitdeer Technologies Group (BTDR) grew revenue by 77.3% over the past year. This is strong growth.
Yes, Bitdeer Technologies Group (BTDR) is profitable, generating $65.6M in net income for fiscal year 2025 (10.6% net margin).
Dividend & Returns
Bitdeer Technologies Group (BTDR) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Bitdeer Technologies Group (BTDR) had negative free cash flow of $2.03B in fiscal year 2025, likely due to heavy capital investments.
Explore More BTDR
Bitdeer Technologies Group (BTDR) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
EPS trends, net income & profitability
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Long-term charts & historical price data
Revenue History
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Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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