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
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
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