Bitdeer Technologies BTDR
NASDAQ BTDR
$12.38 +0.47 (+3.95%)
At close: Sep 4, 2026 · 4:00 PM EDT

Bitdeer Technologies (BTDR) Research & Development (2022 - 2026)

Bitdeer Technologies' (BTDR) quarterly Research & Development came in at -$36.1 million in Q2 2026, down 75.28% on a YoY basis from -$145.8 million in Q2 2025, and down 78.48% quarter-over-quarter from -$20.2 million in Q1 2026.

Analysis

Bitdeer Technologies (BTDR) Research & Development (2022 - 2026) Analysis & Trends

Bitdeer Technologies (BTDR) has reported Research & Development for 5 consecutive years, with -$36.1 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development fell 75.28% year-over-year to -$36.1 million; the trailing twelve-month figure through Jun 2026 stood at -$130.5 million (down 2.54% YoY), and the FY2025 full-year result was -$153.9 million, down 99.98% from the prior year.
  • Research & Development eased to -$36.1 million in Q2 2026 per BTDR's latest filing, from -$20.2 million in the prior quarter.
  • Across five years, Research & Development topped out at -$6.3 million in Q1 2023 and bottomed at -$59.0 million in Q1 2025.
  • Historically, Research & Development has averaged -$21.1 million across 5 years, with a median of -$20.4 million in 2025.
  • The sharpest annual moves came in 2024 and 2026: Research & Development tumbled 236.26% in 2024, then surged 65.77% in 2026.
  • Over 5 years, Research & Development stood at -$8.5 million in 2022, then climbed by 2.65% to -$8.3 million in 2023, then plunged by 175.68% to -$22.9 million in 2024, then slumped by 53.71% to -$35.2 million in 2025, then dropped by 2.43% to -$36.1 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered -$36.1 million, -$20.2 million, and -$35.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Bitmine Immersion Technologies 56.87 Bn 56.53 Bn 40.81 Mn -
2 Iren 34.00 Bn 26.43 Bn 103.89 Mn -
3 Hut 8 11.52 Bn 5.04 Bn 48.04 Mn -
4 Riot Platforms 8.24 Bn 7.69 Bn 84.97 Mn -
5 Argo Blockchain 6.43 Bn 6.43 Bn - -
6 MARA Holdings 4.32 Bn 3.96 Bn - 7.17 Mn
7 Cleanspark 3.26 Bn 3.05 Bn - -
8 Bitdeer Technologies 2.92 Bn 2.46 Bn -8.53 Mn -36.05 Mn
9 Keel Infrastructure 2.14 Bn 2.13 Bn -86.75 Mn -
10 HIVE Digital Technologies 853.00 Mn 613.97 Mn -29.49 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -36.05 Mn
Mar 31, 2026 -20.20 Mn
Dec 31, 2025 -35.20 Mn
Sep 30, 2025 -39.09 Mn
Jun 30, 2025 -20.57 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 -8.53 Mn
Sep 30, 2022 -7.16 Mn
Jun 30, 2022 -8.66 Mn
Mar 31, 2022 -11.08 Mn