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