Bitdeer Technologies (BTDR) Operating Margin (2022 - 2026)
Bitdeer Technologies (BTDR) posted Operating Margin of -44.47% for Q2 2026, down 47.45 percentage points from 2.98% a year earlier but up 11.60 percentage points from the prior quarter.
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Analysis
Bitdeer Technologies (BTDR) Operating Margin (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Bitdeer Technologies was -40.62%, up 146.70 percentage points year-over-year; for FY2025, it was 25.75%, up 194.33 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +59.77 percentage points (FY2020 to FY2025).
- In prior years, Bitdeer Technologies' Operating Margin was -168.58% in FY2024 (-154.40 pp), -14.18% in FY2023 (+4.00 pp), -18.18% in FY2022 (-51.32 pp) and 33.15% in FY2021 (+67.17 pp).
- Quarterly Operating Margin has run from a low of -754.68% in Q4 2024 to a high of 48.64% in Q4 2025 over five years.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -21.45 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2025, with a gain of 803.32 percentage points; the weakest was Q4 2024, with a drop of 757.94 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -56.07% (Q1 2026), 48.64% (Q4 2025) and -136.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Bitdeer Technologies | 2.60 Bn | 1.52 Bn | -8.53 Mn | -44.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -44.47% |
| Mar 31, 2026 | -56.07% |
| Dec 31, 2025 | 48.64% |
| Sep 30, 2025 | -136.49% |
| Jun 30, 2025 | 2.98% |
| Mar 31, 2025 | -140.41% |
| Dec 31, 2024 | -754.68% |
| Sep 30, 2024 | -86.39% |
| Jun 30, 2024 | -15.32% |
| Mar 31, 2024 | 0.42% |
| Dec 31, 2023 | 3.26% |
| Sep 30, 2023 | -5.13% |
| Jun 30, 2023 | -54.90% |
| Mar 31, 2023 | -14.06% |
| Dec 31, 2022 | -114.83% |
| Sep 30, 2022 | -32.21% |
| Jun 30, 2022 | -9.09% |
| Mar 31, 2022 | -3.64% |
API Access
Bitdeer Technologies Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BTDR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BTDR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BTDR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();