Last 21 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -10.56 | — | — | — | 1.23 | — | — | — | 337.50 | — | — | — | — |
| — | — | — | — | -99.6% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 4.58 | 3.34 | 5.25 | 3.58 | 7.19 | 12.99 | 4.54 | 3.27 | 1.72 | 2.38 | 3.07 | 3.31 | 4.15 |
| — | -74.3% | +15.8% | +9.4% | +318.6% | +444.7% | +47.7% | -1.2% | -58.6% | -36.6% | -2.6% | +7.0% | +31.1% | |
| P/B Ratio | 4.08 | 3.46 | 6.21 | 3.15 | 2.54 | 12.96 | 2.16 | 2.71 | 2.10 | 3.29 | 3.37 | 4.03 | 3.75 |
| — | -73.3% | +187.4% | +16.3% | +21.0% | +293.6% | -35.8% | -32.8% | -44.1% | -9.6% | -5.1% | -80.8% | -2.4% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.35 | 6.57 | — | — | — | — | — | — | — | 20.75 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 23.72 | 9.04 | — | — | — | — | — | — | — | 20.75 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bitdeer Technologies Group's operating margin was 48.6% in Q4 2025, up 185.1 pp QoQ and up 803.3 pp YoY. The trailing four-quarter average of 104.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 36.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.8% | 4.7% | 24.1% | 8.2% | -4.6% | 7.4% | 4.5% | 24.6% | 28.6% | 23.5% | 24.2% | 17.2% | 18.6% |
| — | -36.4% | +439.7% | -66.5% | -116.1% | -68.6% | -81.6% | +42.8% | +53.7% | +69.6% | -22.0% | -62.3% | -67.0% | |
| Operating Margin | 25.8% | 48.6% | -136.5% | -86.3% | 593.5% | -754.7% | -86.4% | -15.8% | 0.4% | 3.3% | -5.1% | -44.0% | -14.1% |
| — | +106.4% | -58.0% | -445.2% | +141489.5% | -23274.7% | -1583.6% | +64.1% | +103.0% | +110.2% | +43.6% | -1110.5% | -168.6% | |
| Net Margin | 10.6% | 31.4% | -157.1% | -95.0% | 583.9% | -770.7% | -80.8% | -17.9% | 0.5% | -4.4% | -2.1% | -43.0% | -13.0% |
| — | +104.1% | -94.6% | -431.0% | +115043.7% | -17493.3% | -3821.5% | +58.4% | +103.9% | +74.1% | +88.2% | -305.8% | +26.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 9.8% | -41.7% | -19.7% | 76.4% | -133.4% | -10.0% | -4.1% | 0.2% | -1.5% | -0.6% | -12.8% | -3.0% |
| — | +107.3% | -315.8% | -382.9% | +45567.8% | -8536.9% | -1647.4% | +68.2% | +105.7% | +62.3% | +93.2% | -128.4% | +45.3% | |
| ROA | 3.0% | 2.7% | -11.9% | -8.1% | 25.9% | -40.8% | -5.3% | -2.3% | 0.1% | -0.8% | -0.3% | -6.4% | -1.5% |
| — | +106.6% | -122.8% | -247.4% | +28379.6% | -5019.6% | -1744.1% | +63.6% | +106.2% | +59.9% | +93.3% | -136.5% | +39.1% | |
| ROIC | 12.6% | 5.3% | -14.9% | -10.5% | 64.6% | -160.3% | -10.1% | -3.1% | 0.1% | 1.0% | -1.2% | -12.3% | -3.6% |
| — | +103.3% | -47.5% | -236.9% | +55051.1% | -16058.4% | -725.0% | +74.5% | +103.2% | +107.3% | +86.7% | -53.7% | +91.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Bitdeer Technologies Group's Debt/EBITDA ratio is 7.3x — elevated, raising questions about debt serviceability. The current ratio has improved 5.7% YoY to 0.91x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.27 | 1.27 | 1.60 | 0.89 | 0.38 | 1.03 | 0.33 | 0.24 | 0.25 | 0.28 | 0.29 | 0.33 | 0.31 |
| — | +22.4% | +384.9% | +262.2% | +51.7% | +270.8% | +12.1% | -25.1% | -19.3% | -11.3% | +1.5% | +8620.0% | -3.4% | |
| Debt / EBITDA | 3.87 | 7.30 | — | — | — | — | — | — | — | 7.39 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.91 | 0.91 | 0.90 | 1.03 | 1.28 | 0.86 | 2.05 | 1.81 | 1.59 | 2.15 | 0.77 | 1.41 | 1.59 |
| — | +5.7% | -56.2% | -42.9% | -19.5% | -59.8% | +166.1% | +28.4% | +0.1% | +48.7% | -94.3% | +1095.7% | -3.2% | |
| Quick Ratio | 0.75 | 0.75 | 0.74 | 0.84 | 1.06 | 0.80 | 1.69 | 1.77 | 1.59 | 2.15 | 0.77 | 1.41 | 1.59 |
| — | -7.2% | -56.5% | -52.5% | -33.1% | -62.5% | +119.7% | +25.5% | +0.1% | +48.5% | -94.3% | +1095.7% | -3.2% | |
| Interest Coverage | — | — | -7.87 | -9.80 | 44.55 | -50.94 | -231.99 | -356.91 | — | — | — | -46.15 | -44.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
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Bitdeer Technologies Group's current P/E is -10.6x. The average P/E over the last 1 quarters is 1.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bitdeer Technologies Group's current operating margin is 25.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bitdeer Technologies Group's business trajectory between earnings reports.