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

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

Bitdeer Technologies' (BTDR) quarterly Operating Expenses came in at -$93.2 million in Q2 2026, down 1169.65% on a YoY basis from $8.7 million in Q2 2025, and down 39.34% quarter-over-quarter from -$66.9 million in Q1 2026.

Analysis

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

Bitdeer Technologies (BTDR) has reported Operating Expenses for 5 consecutive years, with -$93.2 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 1169.65% year-over-year to -$93.2 million; the trailing twelve-month figure through Jun 2026 stood at -$283.3 million (down 54.74% YoY), and the FY2025 full-year result was $126.7 million, up 119.54% from the prior year.
  • Operating Expenses declined to -$93.2 million in Q2 2026 per BTDR's latest filing, from -$66.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$7.3 million in Q2 2025 and bottomed at -$94.5 million in Q1 2025.
  • Historically, Operating Expenses has averaged -$47.6 million across 5 years, with a median of -$41.2 million in 2022.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 89.95% in 2025, then slumped 1169.65% in 2026.
  • Over 5 years, Operating Expenses stood at -$30.4 million in 2022, then advanced by 16.37% to -$25.4 million in 2023, then plunged by 59.46% to -$40.6 million in 2024, then sank by 57.71% to -$64.0 million in 2025, then sank by 45.69% to -$93.2 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$93.2 million, -$66.9 million, and -$64.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bitmine Immersion Technologies 56.87 Bn 56.53 Bn 40.81 Mn 52.67 Mn
2 Iren 34.00 Bn 26.43 Bn 103.89 Mn 128.25 Mn
3 Hut 8 11.52 Bn 5.04 Bn 48.04 Mn 78.04 Mn
4 Riot Platforms 8.24 Bn 7.69 Bn 84.97 Mn 413.67 Mn
5 Argo Blockchain 6.43 Bn 6.43 Bn - -
6 MARA Holdings 4.32 Bn 3.96 Bn - 695.95 Mn
7 Cleanspark 3.26 Bn 3.05 Bn - 370.41 Mn
8 Bitdeer Technologies 2.92 Bn 2.46 Bn -8.53 Mn -93.21 Mn
9 Keel Infrastructure 2.14 Bn 2.13 Bn -86.75 Mn 31.31 Mn
10 HIVE Digital Technologies 853.00 Mn 613.97 Mn -29.49 Mn 18.98 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -93.21 Mn
Mar 31, 2026 -66.89 Mn
Dec 31, 2025 -63.98 Mn
Sep 30, 2025 -59.20 Mn
Jun 30, 2025 -7.34 Mn
Mar 31, 2025 -94.50 Mn
Dec 31, 2024 -40.57 Mn
Sep 30, 2024 -40.66 Mn
Jun 30, 2024 -73.05 Mn
Mar 31, 2024 -36.13 Mn
Dec 31, 2023 -25.44 Mn
Sep 30, 2023 -25.35 Mn
Jun 30, 2023 -63.55 Mn
Mar 31, 2023 -22.30 Mn
Dec 31, 2022 -30.42 Mn
Sep 30, 2022 -26.04 Mn
Jun 30, 2022 -45.57 Mn
Mar 31, 2022 -41.83 Mn