Bit Digital (BTBT) Operating Margin (2021 - 2026)
Bit Digital (BTBT) recorded Operating Margin of -257.26% in Q2 2026, down 303.00 percentage points from 45.75% a year earlier but up 254.52 percentage points from the prior quarter.
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Analysis
Bit Digital (BTBT) Operating Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Bit Digital's Operating Margin came in at -225.27% as of Jun 30, 2026, down 176.22 percentage points year-over-year; for FY2025, it came in at -80.87%, down 106.38 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -88.26 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 25.51% in FY2024 (+62.51 pp), -37.00% in FY2023 (+294.82 pp), -331.82% in FY2022 (-337.95 pp) and 6.13% in FY2021 (-1.26 pp).
- Quarterly Operating Margin has ranged from -596.82% in Q4 2025 to 465.48% in Q3 2025 over the past five years.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of -161.05 percentage points over the last six quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 625.78 percentage points in Q3 2025, against a drop of 707.35 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -511.78% (Q1 2026), -596.82% (Q4 2025) and 465.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Bit Digital | 596.06 Mn | 264.30 Mn | 18.58 Mn | -257.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -257.26% |
| Mar 31, 2026 | -511.78% |
| Dec 31, 2025 | -596.82% |
| Sep 30, 2025 | 465.48% |
| Jun 30, 2025 | 45.75% |
| Mar 31, 2025 | -208.60% |
| Dec 31, 2024 | 110.53% |
| Sep 30, 2024 | -160.31% |
| Jun 30, 2024 | -39.53% |
| Mar 31, 2024 | 155.20% |
| Sep 30, 2022 | -157.74% |
| Jun 30, 2022 | -261.96% |
| Mar 31, 2022 | -73.81% |
| Sep 30, 2021 | -151.83% |
| Jun 30, 2021 | -8.10% |
| Mar 31, 2021 | 76.84% |
API Access
Bit Digital Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BTBT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BTBT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BTBT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();