Bit Digital (BTBT) Gross Margin (2021 - 2026)
Bit Digital (BTBT) posted Gross Margin of 88.36% for Q1 2026, down 1.27% sequentially from 89.49% in Q4 2025, and down 947.0% YoY from 10.43% in Q1 2025.
Bit Digital (BTBT) Gross Margin (2021 - 2026) Analysis & Trends
Bit Digital has reported Gross Margin for 5 years, with the latest figure at 88.36% in Q1 2026.
- Quarterly Gross Margin fell 947.0% year-over-year to 88.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 88.84% (up 2746.0% YoY) and the FY2025 annual result came in at 80.46%, up 1961.0% from the prior year.
- Gross Margin eased to 88.36% in Q1 2026 per BTBT's latest filing, from 89.49% in the prior quarter.
- Over five years, Gross Margin peaked at 99.88% in Q2 2025 and troughed at 12.85% in Q4 2024.
- A 4-year average of 62.19% and a median of 76.09% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 4611 bps in 2022, then jumped 10234 bps in 2025.
- Over 4 years, Gross Margin stood at 22.57% in 2022, then sank by 157 bps to 12.85% in 2024, then soared by 796 bps to 89.49% in 2025, then retreated by 1 bps to 88.36% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 88.36%, 89.49%, and 79.27% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 92.05% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Bit Digital | 528.56 Mn | 436.38 Mn | 18.58 Mn | 57.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 57.84% |
| Mar 31, 2026 | 88.36% |
| Dec 31, 2025 | 89.49% |
| Sep 30, 2025 | 79.27% |
| Jun 30, 2025 | 99.88% |
| Mar 31, 2025 | 97.83% |
| Dec 31, 2024 | -12.85% |
| Sep 30, 2024 | 76.09% |
| Jun 30, 2024 | 84.18% |
| Mar 31, 2024 | 57.27% |
| 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% |