Bitdeer Technologies (BTDR) Operating Margin (2022 - 2026)
Bitdeer Technologies' (BTDR) quarterly Operating Margin came in at 44.47% in Q2 2026, down 4745.0% on a YoY basis from 0.96% in Q2 2025, and up 20.69% quarter-over-quarter from 56.07% in Q1 2026.
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Bitdeer Technologies (BTDR) Operating Margin (2022 - 2026) Analysis & Trends
Bitdeer Technologies (BTDR) has reported Operating Margin for 5 consecutive years, with 44.47% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 4745.0% year-over-year to 44.47%; the trailing twelve-month figure through Jun 2026 stood at 40.62% (up 14670.0% YoY), and the FY2025 full-year result was 25.75%, up 19433.0% from the prior year.
- Operating Margin rose to 44.47% in Q2 2026 per BTDR's latest filing, from 56.07% in the prior quarter.
- Across five years, Operating Margin topped out at 48.64% in Q4 2025 and bottomed at 754.68% in Q4 2024.
- Historically, Operating Margin has averaged 78.47% across 5 years, with a median of 23.77% in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 75794 bps in 2024, then soared 80332 bps in 2025.
- Over 5 years, Operating Margin stood at 114.83% in 2022, then soared by 103 bps to 3.26% in 2023, then tumbled by 23275 bps to 754.68% in 2024, then jumped by 106 bps to 48.64% in 2025, then plunged by 191 bps to 44.47% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 44.47%, 56.07%, and 48.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | -137.42% |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | -297.96% |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | -44.47% |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | -462.62% |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | -61.26% |
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% |