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
DateValue
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