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| 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 |