Bit Digital (BTBT) Gross Margin (2021 - 2026)
Bit Digital (BTBT) reported Gross Margin of 57.84% for Q2 2026, up 9.23 percentage points from 48.61% a year earlier and up 1.22 percentage points from the prior quarter.
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Analysis
Bit Digital (BTBT) Gross Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Bit Digital's Gross Margin came in at 57.59%, up 14.98 percentage points year-over-year; for FY2025, it came in at 53.87%, up 11.60 percentage points from FY2024.
- Gross Margin has a five-year change of +20.82 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 42.27% in FY2024 (+8.07 pp), 34.20% in FY2023 (-2.72 pp), 36.91% in FY2022 (-31.09 pp) and 68.01% in FY2021 (+34.96 pp).
- Five-year quarterly Gross Margin spans a low of 28.81% in Q3 2022 and a high of 74.91% in Q3 2021.
- Year over year, Gross Margin has now increased in each of the last six quarters, with an average year-over-year change of +10.66 percentage points over the last six quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2025 (a gain of 27.90 percentage points); the low point was Q3 2022 (a drop of 46.11 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 56.62% (Q1 2026), 55.74% (Q4 2025) and 60.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 65.60% |
| 10 | Bit Digital | 596.06 Mn | 264.30 Mn | 18.58 Mn | 57.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.84% |
| Mar 31, 2026 | 56.62% |
| Dec 31, 2025 | 55.74% |
| Sep 30, 2025 | 60.17% |
| Jun 30, 2025 | 48.61% |
| Mar 31, 2025 | 49.05% |
| Dec 31, 2024 | 39.52% |
| Sep 30, 2024 | 32.27% |
| Jun 30, 2024 | 47.81% |
| Mar 31, 2024 | 46.82% |
| Sep 30, 2022 | 28.81% |
| Jun 30, 2022 | 47.41% |
| Mar 31, 2022 | 50.22% |
| Sep 30, 2021 | 74.91% |
| Jun 30, 2021 | 61.60% |
| Mar 31, 2021 | 71.63% |
API Access
Bit Digital Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BTBT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BTBT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BTBT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();