Bitdeer Technologies (BTDR) Research & Development (2022 - 2026)
Bitdeer Technologies' (BTDR) quarterly Research & Development came in at -$20.2 million in Q1 2026, up 65.77% YoY 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 5 years of Research & Development data on file, last reported at -$20.2 million 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 climbed to -$20.2 million in Q1 2026, from -$35.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $62.3 million in Q4 2022 to a low of -$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 slumped 236.26% — and 2026, when it jumped 65.77%.
- Tracing BTDR's Research & Development over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Bitdeer Technologies | 2.15 Bn | 1.85 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 |