Bit Digital (BTBT) Gross Margin (2021 - 2026)
Bit Digital's (BTBT) quarterly Gross Margin came in at 75.69% in Q1 2026, down 6.0% year-on-year from 80.52% in Q1 2025, and down 15.42% quarter-over-quarter from 89.49% in Q4 2025.
Bit Digital (BTBT) Gross Margin (2021 - 2026) Analysis & Trends
Bit Digital has disclosed Gross Margin across 5 years of filings, most recently posting 75.69% for Q1 2026.
- Gross Margin for Q1 2026 came in at 75.69%, down 6.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 86.33% (down 1604.0% YoY), and the FY2025 annual result was 80.46%, down 149.0% from the prior year.
- Gross Margin came in at 75.69% for Q1 2026 at Bit Digital, down from 89.49% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 154.35% in Q4 2024 to a low of 22.57% in Q4 2022.
- The 4-year median for Gross Margin is 76.09% (2024), against an average of 77.0%.
- Peak annual rise in Gross Margin reached 739 bps in 2025, while the deepest fall reached 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 tumbled by 42 bps to 89.49% in 2025, then decreased by 15 bps to 75.69% in 2026.
- The last three Gross Margin figures came in at 75.69% (Q1 2026), 89.49% (Q4 2025), and 83.48% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 84.10% |
| 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% |