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| Date | Value |
|---|---|
| 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 |