Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026)
Bitdeer Technologies (BTDR) posted quarterly Gross Margin of 20.66% for Q1 2026, down 1500.0% year-on-year from 1.48% in Q1 2025, and down 539.55% on a QoQ basis from 4.7% in Q4 2025.
Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026) Analysis & Trends
Bitdeer Technologies (BTDR) has reported Gross Margin for 5 consecutive years, with 20.66% the latest figure, recorded in Q1 2026.
- Quarterly Gross Margin fell 1500.0% year-over-year to 20.66% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.4% (down 602.0% YoY) and the FY2025 annual result came in at 9.83%, down 915.0% from the prior year.
- Gross Margin eased to 20.66% in Q1 2026 per BTDR's latest filing, from 4.7% in the prior quarter.
- Over the last five years, Gross Margin for BTDR reached as high as 45.72% in Q1 2022 and fell as low as 20.66% in Q1 2026.
- A 5-year average of 16.73% and a median of 18.59% in 2023 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 1960 bps in 2025 against a maximum downside of 3422 bps in 2025.
- Year by year, Gross Margin stood at 43.93% in 2022, then plunged by 46 bps to 23.55% in 2023, then tumbled by 69 bps to 7.39% in 2024, then sank by 36 bps to 4.7% in 2025, then sank by 540 bps to 20.66% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 20.66%, 4.7%, and 24.06% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Bitdeer Technologies | 2.84 Bn | 2.54 Bn | -39.04 Mn | -20.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -20.66% |
| Dec 31, 2025 | 4.70% |
| Sep 30, 2025 | 24.06% |
| Jun 30, 2025 | 8.23% |
| 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% |