Bitdeer Technologies (BTDR) Research & Development (2022 - 2026)
Bitdeer Technologies (BTDR) posted quarterly Research & Development of -$20.2 million for Q1 2026, up 65.77% year-on-year from -$12.2 million in Q1 2025, and up 42.61% on a QoQ basis from -$35.2 million in Q4 2025.
Bitdeer Technologies (BTDR) Research & Development (2022 - 2026) Analysis & Trends
Bitdeer Technologies (BTDR) has reported Research & Development for 5 consecutive years, with -$20.2 million the latest figure, recorded in Q1 2026.
- Quarterly Research & Development rose 65.77% year-over-year to -$20.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$174.1 million (down 28.04% YoY) and the FY2025 annual result came in at $153.9 million, up 99.98% from the prior year.
- Research & Development grew to -$20.2 million in Q1 2026 per BTDR's latest filing, from -$35.2 million in the prior quarter.
- Over the last five years, Research & Development for BTDR reached as high as $62.3 million in Q4 2022 and fell as low as -$79.6 million in Q2 2025.
- A 5-year average of -$19.5 million and a median of -$20.2 million in 2026 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development sank 236.26% — and 2026, when it surged 65.77%.
- Year by year, Research & Development stood at $62.3 million in 2022, then plunged by 113.33% to -$8.3 million in 2023, then tumbled by 175.68% to -$22.9 million in 2024, then sank by 53.71% to -$35.2 million in 2025, then surged by 42.61% to -$20.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$20.2 million, -$35.2 million, and -$39.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Bitdeer Technologies | 2.84 Bn | 2.54 Bn | -39.04 Mn | -20.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -20.20 Mn |
| Dec 31, 2025 | -35.20 Mn |
| Sep 30, 2025 | -39.09 Mn |
| Jun 30, 2025 | -79.59 Mn |
| Mar 31, 2025 | -59.00 Mn |
| Dec 31, 2024 | -22.90 Mn |
| Sep 30, 2024 | -24.84 Mn |
| Jun 30, 2024 | -29.21 Mn |
| Mar 31, 2024 | -21.16 Mn |
| Dec 31, 2023 | -8.31 Mn |
| Sep 30, 2023 | -8.50 Mn |
| Jun 30, 2023 | -12.73 Mn |
| Mar 31, 2023 | -6.29 Mn |
| Dec 31, 2022 | 62.33 Mn |
| Sep 30, 2022 | -7.16 Mn |
| Jun 30, 2022 | -8.66 Mn |
| Mar 31, 2022 | -11.08 Mn |