Bitdeer Technologies (BTDR) Cost of Revenue (2022 - 2026)

Bitdeer Technologies (BTDR) posted quarterly Cost of Revenue of $228.0 million for Q1 2026, up 207.66% year-on-year from $74.1 million in Q1 2025, and up 6.4% on a QoQ basis from $214.3 million in Q4 2025.

Bitdeer Technologies (BTDR) Cost of Revenue (2022 - 2026) Analysis & Trends

Bitdeer Technologies (BTDR) has reported Cost of Revenue for 5 consecutive years, with $228.0 million the latest figure, recorded in Q1 2026.

  • Quarterly Cost of Revenue rose 207.66% year-over-year to $228.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $713.9 million (up 99.71% YoY) and the FY2025 annual result came in at $559.3 million, up 97.35% from the prior year.
  • Cost of Revenue advanced to $228.0 million in Q1 2026 per BTDR's latest filing, from $214.3 million in the prior quarter.
  • Over the last five years, Cost of Revenue for BTDR reached as high as $228.0 million in Q1 2026 and fell as low as $21.4 million in Q4 2022.
  • A 5-year average of $100.7 million and a median of $74.1 million in 2025 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue jumped 310.68% — and 2024, when it decreased 27.2%.
  • Year by year, Cost of Revenue stood at $21.4 million in 2022, then soared by 310.68% to $87.8 million in 2023, then dropped by 27.2% to $63.9 million in 2024, then soared by 235.21% to $214.3 million in 2025, then climbed by 6.4% to $228.0 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $228.0 million, $214.3 million, and $128.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Bitdeer Technologies 2.64 Mn -299.75 Mn -39.04 Mn 227.97 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 227.97 Mn
Mar 31, 2026 227.97 Mn
Dec 31, 2025 214.27 Mn
Dec 31, 2025 214.27 Mn
Sep 30, 2025 128.88 Mn
Sep 30, 2025 128.88 Mn
Jun 30, 2025 142.80 Mn
Jun 30, 2025 142.80 Mn
Mar 31, 2025 74.10 Mn
Mar 31, 2025 74.10 Mn
Dec 31, 2024 63.92 Mn
Dec 31, 2024 63.92 Mn
Sep 30, 2024 59.26 Mn
Sep 30, 2024 59.26 Mn
Jun 30, 2024 160.20 Mn
Jun 30, 2024 160.20 Mn
Mar 31, 2024 85.38 Mn
Mar 31, 2024 85.38 Mn
Dec 31, 2023 87.80 Mn
Dec 31, 2023 87.80 Mn