Bit Digital (BTBT) Operating Expenses (2021 - 2026)

Bit Digital (BTBT) posted Operating Expenses of $170.8 million for Q1 2026, down 24.19% sequentially from $225.3 million in Q4 2025, and up 120.51% YoY from $77.5 million in Q1 2025.

Bit Digital (BTBT) Operating Expenses (2021 - 2026) Analysis & Trends

Bit Digital (BTBT) has 5 years of Operating Expenses data on file, last reported at $170.8 million in Q1 2026.

  • Quarterly Operating Expenses rose 120.51% year-over-year to $170.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $298.8 million (up 70.98% YoY) and the FY2025 annual result came in at $205.4 million, up 155.19% from the prior year.
  • Operating Expenses fell to $170.8 million in Q1 2026 per BTBT's latest filing, from $225.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $225.3 million in Q4 2025, with the low at -$111.3 million in Q3 2025.
  • Average Operating Expenses over 4 years is $36.9 million, with a median of $7.9 million recorded in 2022.
  • The widest YoY moves for Operating Expenses: up 8401.55% in 2025, down 287.28% in 2025.
  • Bit Digital's Operating Expenses stood at $7.9 million in 2022, then tumbled by 134.44% to -$2.7 million in 2024, then surged by 8401.55% to $225.3 million in 2025, then dropped by 24.19% to $170.8 million in 2026.
  • Business Quant data shows BTBT's Operating Expenses at $170.8 million in Q1 2026, $225.3 million in Q4 2025, and -$111.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Bit Digital 576.38 Mn 632.01 Mn 21.14 Mn 170.84 Mn

Historic Data

Download Data
DateValue
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
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