Bit Digital (BTBT) Operating Expenses (2021 - 2026)
Bit Digital's (BTBT) quarterly Operating Expenses came in at $170.8 million in Q1 2026, up 120.51% year-on-year from $77.5 million in Q1 2025, and down 24.19% quarter-over-quarter from $225.3 million in Q4 2025.
Bit Digital (BTBT) Operating Expenses (2021 - 2026) Analysis & Trends
Bit Digital has disclosed Operating Expenses across 5 years of filings, most recently posting $170.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $170.8 million, up 120.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $298.8 million (up 70.98% YoY), and the FY2025 annual result was $205.4 million, up 155.19% from the prior year.
- Operating Expenses came in at $170.8 million for Q1 2026 at Bit Digital, down from $225.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $225.3 million in Q4 2025 to a low of -$111.3 million in Q3 2025.
- The 4-year median for Operating Expenses is $7.9 million (2022), against an average of $36.9 million.
- Peak annual rise in Operating Expenses reached 8401.55% in 2025, while the deepest fall reached 287.28% in 2025.
- Bit Digital's Operating Expenses stood at $7.9 million in 2022, then slumped by 134.44% to -$2.7 million in 2024, then surged by 8401.55% to $225.3 million in 2025, then retreated by 24.19% to $170.8 million in 2026.
- The last three Operating Expenses figures came in at $170.8 million (Q1 2026), $225.3 million (Q4 2025), and -$111.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Bit Digital | 576.38 Mn | 632.01 Mn | 21.14 Mn | 170.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 170.84 Mn |
| Dec 31, 2025 | 225.34 Mn |
| Sep 30, 2025 | -111.34 Mn |
| Jun 30, 2025 | 13.92 Mn |
| Mar 31, 2025 | 77.47 Mn |
| Dec 31, 2024 | -2.71 Mn |
| Sep 30, 2024 | 59.45 Mn |
| Jun 30, 2024 | 40.52 Mn |
| Mar 31, 2024 | -16.77 Mn |
| Dec 31, 2022 | 7.88 Mn |
| Sep 30, 2022 | 6.23 Mn |
| Jun 30, 2022 | 4.60 Mn |
| Mar 31, 2022 | 4.27 Mn |
| Dec 31, 2021 | 13.05 Mn |
| Sep 30, 2021 | 19.55 Mn |
| Jun 30, 2021 | 4.34 Mn |
| Mar 31, 2021 | 2.23 Mn |