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| Date | Value |
|---|---|
| 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 |