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
DateValue
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%