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| 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 |
| 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 |