Bitdeer Technologies BTDR
NASDAQ BTDR
$12.38 +0.47 (+3.95%)
At close: Sep 4, 2026 · 4:00 PM EDT

Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026)

Bitdeer Technologies' (BTDR) quarterly Gross Margin came in at 3.73% in Q2 2026, down 1143.0% on a YoY basis from 0.36% in Q2 2025, and up 81.97% quarter-over-quarter from 20.66% in Q1 2026.

Analysis

Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026) Analysis & Trends

Bitdeer Technologies (BTDR) has reported Gross Margin for 5 consecutive years, with 3.73% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 1143.0% year-over-year to 3.73%; the trailing twelve-month figure through Jun 2026 stood at 0.47% (down 398.0% YoY), and the FY2025 full-year result was 9.83%, down 915.0% from the prior year.
  • Gross Margin grew to 3.73% in Q2 2026 per BTDR's latest filing, from 20.66% in the prior quarter.
  • Across five years, Gross Margin topped out at 45.72% in Q1 2022 and bottomed at 20.66% in Q1 2026.
  • Historically, Gross Margin has averaged 15.57% across 5 years, with a median of 17.9% in 2023.
  • The widest YoY moves for Gross Margin: up 1960 bps in 2025, down 3422 bps in 2025.
  • Over 5 years, Gross Margin stood at 43.93% in 2022, then sank by 46 bps to 23.55% in 2023, then plunged by 69 bps to 7.39% in 2024, then slumped by 36 bps to 4.7% in 2025, then tumbled by 179 bps to 3.73% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 3.73%, 20.66%, and 4.7% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bitmine Immersion Technologies 56.87 Bn 56.53 Bn 40.81 Mn 87.70%
2 Iren 34.00 Bn 26.43 Bn 103.89 Mn 75.71%
3 Hut 8 11.52 Bn 5.04 Bn 48.04 Mn 64.11%
4 Riot Platforms 8.24 Bn 7.69 Bn 84.97 Mn 48.77%
5 Argo Blockchain 6.43 Bn 6.43 Bn - -
6 MARA Holdings 4.32 Bn 3.96 Bn - -
7 Cleanspark 3.26 Bn 3.05 Bn - -
8 Bitdeer Technologies 2.92 Bn 2.46 Bn -8.53 Mn -3.73%
9 Keel Infrastructure 2.14 Bn 2.13 Bn -86.75 Mn -285.09%
10 HIVE Digital Technologies 853.00 Mn 613.97 Mn -29.49 Mn -37.27%
Historic Data

Historic Data

Download Data
DateValue
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%