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
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