Bitdeer Technologies (BTDR) Operating Expenses (2022 - 2026)
Bitdeer Technologies' (BTDR) quarterly Operating Expenses came in at -$66.9 million in Q1 2026, up 29.21% YoY 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 5 years of Operating Expenses data on file, last reported at -$66.9 million 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 slipped to -$66.9 million in Q1 2026, from -$64.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $227.3 million in Q4 2022 to a low of -$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 surged 46.69% — and 2025, when it plunged 161.52%.
- Tracing BTDR's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Bitdeer Technologies | 2.15 Bn | 1.85 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 |