Bit Digital (BTBT) Cost of Revenue (2021 - 2026)

Bit Digital (BTBT) posted Cost of Revenue of $6.8 million for Q1 2026, up 99.72% sequentially from $3.4 million in Q4 2025, and up 11.5% YoY from $6.1 million in Q1 2025.

Bit Digital (BTBT) Cost of Revenue (2021 - 2026) Analysis & Trends

Bit Digital (BTBT) has 5 years of Cost of Revenue data on file, last reported at $6.8 million in Q1 2026.

  • Quarterly Cost of Revenue rose 11.5% year-over-year to $6.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $15.9 million (up 751.82% YoY) and the FY2025 annual result came in at $22.2 million, up 13.76% from the prior year.
  • Cost of Revenue climbed to $6.8 million in Q1 2026 per BTBT's latest filing, from $3.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $6.8 million in Q1 2026, with the low at -$14.0 million in Q4 2024.
  • Average Cost of Revenue over 4 years is $2.6 million, with a median of $4.3 million recorded in 2022.
  • Year-over-year, Cost of Revenue tumbled 67.07% in 2022 and surged 36947.4% in 2025.
  • Bit Digital's Cost of Revenue stood at $6.0 million in 2022, then sank by 332.7% to -$14.0 million in 2024, then surged by 124.25% to $3.4 million in 2025, then surged by 99.72% to $6.8 million in 2026.
  • Business Quant data shows BTBT's Cost of Revenue at $6.8 million in Q1 2026, $3.4 million in Q4 2025, and $5.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Bit Digital 576.38 Mn 632.01 Mn 21.14 Mn 6.79 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.79 Mn
Mar 31, 2026 6.79 Mn
Dec 31, 2025 3.40 Mn
Dec 31, 2025 3.40 Mn
Sep 30, 2025 5.03 Mn
Sep 30, 2025 5.03 Mn
Jun 30, 2025 687,880.00
Jun 30, 2025 687,880.00
Mar 31, 2025 6.09 Mn
Mar 31, 2025 6.09 Mn
Dec 31, 2024 -14.01 Mn
Dec 31, 2024 -14.01 Mn
Sep 30, 2024 5.46 Mn
Sep 30, 2024 5.46 Mn
Jun 30, 2024 24,456.00
Jun 30, 2024 24,456.00
Mar 31, 2024 16,433.00
Mar 31, 2024 16,433.00
Dec 31, 2022 6.02 Mn
Dec 31, 2022 6.02 Mn