Bit Digital (BTBT) Gross Margin (2021 - 2026)
Bit Digital (BTBT) posted Gross Margin of 75.69% for Q1 2026, down 15.42% sequentially from 89.49% in Q4 2025, and down 6.0% YoY from 80.52% in Q1 2025.
Bit Digital (BTBT) Gross Margin (2021 - 2026) Analysis & Trends
Bit Digital (BTBT) has 5 years of Gross Margin data on file, last reported at 75.69% in Q1 2026.
- Quarterly Gross Margin fell 6.0% year-over-year to 75.69% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 86.33% (down 1604.0% YoY) and the FY2025 annual result came in at 80.46%, down 149.0% from the prior year.
- Gross Margin slipped to 75.69% in Q1 2026 per BTBT's latest filing, from 89.49% in the prior quarter.
- The five-year high for Gross Margin was 154.35% in Q4 2024, with the low at 22.57% in Q4 2022.
- Average Gross Margin over 4 years is 77.0%, with a median of 76.09% recorded in 2024.
- The widest YoY moves for Gross Margin: up 739 bps in 2025, down 6486 bps in 2025.
- Bit Digital's Gross Margin stood at 22.57% in 2022, then surged by 584 bps to 154.35% in 2024, then plunged by 42 bps to 89.49% in 2025, then declined by 15 bps to 75.69% in 2026.
- Business Quant data shows BTBT's Gross Margin at 75.69% in Q1 2026, 89.49% in Q4 2025, and 83.48% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 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 | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 10 | Bit Digital | 576.38 Mn | 632.01 Mn | 21.14 Mn | 75.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.69% |
| Dec 31, 2025 | 89.49% |
| Sep 30, 2025 | 83.48% |
| Jun 30, 2025 | 97.32% |
| Mar 31, 2025 | 75.75% |
| Dec 31, 2024 | 154.35% |
| Sep 30, 2024 | 76.09% |
| Jun 30, 2024 | 99.92% |
| Mar 31, 2024 | 99.95% |
| Dec 31, 2022 | 22.57% |
| Sep 30, 2022 | 28.81% |
| Jun 30, 2022 | 47.41% |
| Mar 31, 2022 | 50.22% |
| Dec 31, 2021 | 64.29% |
| Sep 30, 2021 | 74.91% |
| Jun 30, 2021 | 61.60% |
| Mar 31, 2021 | 71.63% |