Bitdeer Technologies (BTDR) Operating Expenses (2022 - 2026)

Bitdeer Technologies (BTDR) reported Operating Expenses of -$66.9 million for Q1 2026, up 29.21% on a YoY basis from -$51.8 million in Q1 2025, and down 4.55% quarter-over-quarter from -$64.0 million in Q4 2025.

Bitdeer Technologies (BTDR) Operating Expenses (2022 - 2026) Analysis & Trends

Bitdeer Technologies has reported Operating Expenses for 5 years, with the latest figure at -$66.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 29.21% year-over-year to -$66.9 million; the trailing twelve-month figure through Mar 2026 stood at -$305.2 million (down 29.45% YoY), and the FY2025 full-year result was $238.3 million, up 68.69% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$66.9 million, down from -$64.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $227.3 million in Q4 2022, with the low at -$115.1 million in Q2 2025.
  • Historically, Operating Expenses has averaged -$33.3 million across 5 years, with a median of -$40.7 million in 2024.
  • Annual changes were most pronounced in 2023 — Operating Expenses surged 46.69% — and 2025, when it plunged 161.52%.
  • Bitdeer Technologies' Operating Expenses stood at $227.3 million in 2022, then tumbled by 111.19% to -$25.4 million in 2023, then slumped by 59.46% to -$40.6 million in 2024, then tumbled by 57.71% to -$64.0 million in 2025, then slipped by 4.55% to -$66.9 million in 2026.
  • The last three Operating Expenses figures came in at -$66.9 million (Q1 2026), -$64.0 million (Q4 2025), and -$59.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Bitdeer Technologies 1.51 Bn 1.35 Bn -39.04 Mn -66.89 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -66.89 Mn
Dec 31, 2025 -63.98 Mn
Sep 30, 2025 -59.20 Mn
Jun 30, 2025 -115.12 Mn
Mar 31, 2025 -94.50 Mn
Dec 31, 2024 -40.57 Mn
Sep 30, 2024 -40.66 Mn
Jun 30, 2024 -60.03 Mn
Mar 31, 2024 -36.13 Mn
Dec 31, 2023 -25.44 Mn
Sep 30, 2023 -25.35 Mn
Jun 30, 2023 -45.20 Mn
Mar 31, 2023 -22.30 Mn
Dec 31, 2022 227.35 Mn
Sep 30, 2022 -26.04 Mn
Jun 30, 2022 -30.60 Mn
Mar 31, 2022 -41.83 Mn