Bitdeer Technologies (BTDR) Research & Development (2022 - 2026)
Bitdeer Technologies (BTDR) reported Research & Development of -$20.2 million for Q1 2026, up 65.77% on a YoY basis from -$12.2 million in Q1 2025, and up 42.61% quarter-over-quarter from -$35.2 million in Q4 2025.
Bitdeer Technologies (BTDR) Research & Development (2022 - 2026) Analysis & Trends
Bitdeer Technologies has reported Research & Development for 5 years, with the latest figure at -$20.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 65.77% year-over-year to -$20.2 million; the trailing twelve-month figure through Mar 2026 stood at -$174.1 million (down 28.04% YoY), and the FY2025 full-year result was $153.9 million, up 99.98% from the prior year.
- Research & Development for Q1 2026 stood at -$20.2 million, up from -$35.2 million in the prior quarter.
- The five-year high for Research & Development was $62.3 million in Q4 2022, with the low at -$79.6 million in Q2 2025.
- Historically, Research & Development has averaged -$19.5 million across 5 years, with a median of -$20.2 million in 2026.
- Annual changes were most pronounced in 2024 — Research & Development slumped 236.26% — and 2026, when it jumped 65.77%.
- Bitdeer Technologies' Research & Development stood at $62.3 million in 2022, then tumbled by 113.33% to -$8.3 million in 2023, then slumped by 175.68% to -$22.9 million in 2024, then plunged by 53.71% to -$35.2 million in 2025, then surged by 42.61% to -$20.2 million in 2026.
- The last three Research & Development figures came in at -$20.2 million (Q1 2026), -$35.2 million (Q4 2025), and -$39.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Bitdeer Technologies | 1.51 Bn | 1.35 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 |