Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026)
Bitdeer Technologies (BTDR) recorded Gross Margin of -3.73% in Q2 2026, down 11.43 percentage points from 7.70% a year earlier but up 16.94 percentage points from the prior quarter.
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Analysis
Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Bitdeer Technologies' Gross Margin came in at 0.47% as of Jun 30, 2026, down 3.98 percentage points year-over-year; for FY2025, it was 9.83%, down 9.15 percentage points from FY2024.
- Annual Gross Margin has declined for four straight years, though with a five-year change of +22.27 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 18.98% in FY2024 (-2.13 pp), 21.11% in FY2023 (-3.86 pp), 24.97% in FY2022 (-36.19 pp) and 61.17% in FY2021 (+73.60 pp).
- Quarterly Gross Margin has ranged from -20.66% in Q1 2026 to 45.72% in Q1 2022 over the past five years.
- On a year-over-year basis, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -12.07 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 19.60 percentage points in Q3 2025, against a drop of 34.22 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -20.66% (Q1 2026), 4.70% (Q4 2025) and 24.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 65.60% |
| 10 | Bitdeer Technologies | 2.60 Bn | 1.52 Bn | -8.53 Mn | -3.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.73% |
| Mar 31, 2026 | -20.66% |
| Dec 31, 2025 | 4.70% |
| Sep 30, 2025 | 24.06% |
| Jun 30, 2025 | 7.70% |
| Mar 31, 2025 | -5.66% |
| Dec 31, 2024 | 7.39% |
| Sep 30, 2024 | 4.46% |
| Jun 30, 2024 | 24.59% |
| Mar 31, 2024 | 28.56% |
| Dec 31, 2023 | 23.55% |
| Sep 30, 2023 | 24.19% |
| Jun 30, 2023 | 17.22% |
| Mar 31, 2023 | 18.59% |
| Dec 31, 2022 | 43.93% |
| Sep 30, 2022 | 4.63% |
| Jun 30, 2022 | 31.00% |
| Mar 31, 2022 | 45.72% |
API Access
Bitdeer Technologies Gross 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=gross-margin&ticker=BTDR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BTDR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BTDR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();