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

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

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

Bitdeer Technologies (BTDR) has reported Operating Expenses for 5 consecutive years, with -$66.9 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 29.21% year-over-year to -$66.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$305.2 million (down 29.45% YoY) and the FY2025 annual result came in at $238.3 million, up 68.69% from the prior year.
  • Operating Expenses fell to -$66.9 million in Q1 2026 per BTDR's latest filing, from -$64.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for BTDR reached as high as $227.3 million in Q4 2022 and fell as low as -$115.1 million in Q2 2025.
  • A 5-year average of -$33.3 million and a median of -$40.7 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses soared 46.69% — and 2025, when it tumbled 161.52%.
  • Year by year, Operating Expenses stood at $227.3 million in 2022, then plunged by 111.19% to -$25.4 million in 2023, then tumbled by 59.46% to -$40.6 million in 2024, then plunged by 57.71% to -$64.0 million in 2025, then fell by 4.55% to -$66.9 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$66.9 million, -$64.0 million, and -$59.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Bitdeer Technologies 2.84 Bn 2.54 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