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 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Bit Digital 467.32 Mn 523.49 Mn 24.67 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