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 has reported Operating Expenses for 5 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $225.3 million in Q4 2025 and troughed at -$111.3 million in Q3 2025.
- A 4-year average of $36.9 million and a median of $7.9 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 8401.55% in 2025, down 287.28% in 2025.
- Over 4 years, Operating Expenses stood at $7.9 million in 2022, then slumped by 134.44% to -$2.7 million in 2024, then jumped by 8401.55% to $225.3 million in 2025, then slipped by 24.19% to $170.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $170.8 million, $225.3 million, and -$111.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Bit Digital | 528.56 Mn | 436.38 Mn | 18.58 Mn | 114.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 114.73 Mn |
| 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 |