BTC Digital (BTCT) Gross Margin (2018 - 2024)
BTC Digital's (BTCT) quarterly Gross Margin came in at 17.36% in Q4 2024, up 6863.0% YoY from 0.25% in Q1 2024, and up 270.16% on a QoQ basis from 10.2% in Q3 2024.
BTC Digital (BTCT) Gross Margin (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has 6 years of Gross Margin data on file, last reported at 17.36% in Q4 2024.
- Quarterly Gross Margin rose 6863.0% year-over-year to 17.36% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 0.99% (up 1349.0% YoY) and the FY2025 annual result came in at 22.5%, down 2348.0% from the prior year.
- Gross Margin advanced to 17.36% in Q4 2024, from 10.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 42.29% in Q3 2020 to a low of 64.02% in Q3 2023.
- A 4-year average of 2.38% and a median of 10.5% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2020 — Gross Margin plunged 2500 bps — and 2024, when it jumped 6863 bps.
- Tracing BTCT's Gross Margin over 4 years: 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 | 280.00 Bn | 268.42 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 62.93% |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 84.57% |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 52.30% |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 49.54% |
| 10 | BTC Digital | 15.09 Mn | 11.30 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% |