BTC Digital (BTCT) Gross Margin (2018 - 2024)
BTC Digital (BTCT) reported Gross Margin of 17.36% for Q4 2024, up 6863.0% on a YoY basis from 0.25% in Q1 2024, and up 270.16% quarter-over-quarter from 10.2% in Q3 2024.
BTC Digital (BTCT) Gross Margin (2018 - 2024) Analysis & Trends
BTC Digital has reported Gross Margin for 6 years, with the latest figure at 17.36% in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin rose 6863.0% year-over-year to 17.36%; the trailing twelve-month figure through Dec 2024 stood at 0.99% (up 1349.0% YoY), and the FY2025 full-year result was 22.5%, down 2348.0% from the prior year.
- Gross Margin for Q4 2024 stood at 17.36%, up from 10.2% in the prior quarter.
- The five-year high for Gross Margin was 42.29% in Q3 2020, with the low at 64.02% in Q3 2023.
- Historically, Gross Margin has averaged 2.38% across 4 years, with a median of 10.5% in 2024.
- Annual changes were most pronounced in 2020 — Gross Margin plunged 2500 bps — and 2024, when it jumped 6863 bps.
- BTC Digital's Gross Margin stood at 32.37% in 2020, then decreased by 0 bps to 32.31% in 2021, then slumped by 259 bps to 51.27% in 2023, then soared by 134 bps to 17.36% in 2024.
- The last three Gross Margin figures came in at 17.36% (Q4 2024), 10.2% (Q3 2024), and 9.19% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 69.89% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 20.93% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 23.84% |
| 10 | BTC Digital | 8.88 Mn | 5.09 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 17.36% |
| Sep 30, 2024 | -10.20% |
| Jun 30, 2024 | -9.19% |
| Mar 31, 2024 | -4.83% |
| Dec 31, 2023 | -51.27% |
| Sep 30, 2023 | -64.02% |
| Jun 30, 2023 | 3.65% |
| Mar 31, 2023 | -37.82% |
| Jun 30, 2021 | 32.31% |
| Mar 31, 2021 | 34.27% |
| Dec 31, 2020 | 32.37% |
| Sep 30, 2020 | 42.29% |
| Jun 30, 2020 | 28.31% |
| Mar 31, 2020 | 20.12% |
| Dec 31, 2019 | 48.97% |
| Sep 30, 2019 | 53.07% |
| Jun 30, 2019 | 47.51% |
| Mar 31, 2019 | 45.12% |
| Dec 31, 2018 | 52.70% |