Bitdeer Technologies Group (BTDR) income statement
NASDAQ · Technology · Software - Application · 471 employees · CEO Jihan Wu
- Price
- $6.71 -11.48%
- Market cap
- $1.53B
- Enterprise value
- $2.99B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-10 EPS est. -$0.35
Bitdeer Technologies Group (BTDR) reported revenue of $229M for Q2 '26 (+47.1% year on year), operating income of -$102M (-44.5% of revenue) and net income of -$92.3M. Over the last four quarters revenue was $812M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.3M | $115M | $120M | $99.2M | $62M | $69M | $70.1M | $156M | $170M | $225M | $189M | $229M | |
| Cost of revenue | $66.2M | $87.8M | $85.4M | $74.8M | $59.3M | $63.9M | $74.1M | $143M | $129M | $214M | $228M | $237M | |
| Gross profit | $21.1M | $27M | $34.1M | $24.4M | $2.77M | $5.1M | -$3.97M | $12.8M | $40.8M | $10.6M | -$39M | -$8.53M | |
| Research & development | $8.5M | $8.31M | $21.2M | $8.05M | $24.8M | $22.9M | $59M | $20.6M | $39.1M | $35.2M | $20.2M | $36.1M | |
| Sales & marketing | $1.93M | $2.01M | $1.69M | $2.17M | $2.23M | $1.95M | $1.39M | $1.63M | $1.28M | $2.36M | $2.89M | $2.24M | |
| General & administrative | $16.8M | $17.1M | $15M | $15.9M | $15.8M | $17.7M | $15.3M | $20.1M | $20.1M | $28.8M | $24.6M | $34.3M | |
| Other operating expenses | -$1.68M | -$4.14M | -$4.19M | $14M | $13.5M | $10.9M | $18.8M | -$4.62M | -$26.5M | $23.1M | $19.2M | $20.6M | |
| Operating expenses | $25.6M | $23.3M | $33.6M | $40.1M | $56.4M | $53.4M | $94.5M | $37.7M | $34M | $89.4M | $66.9M | $93.2M | |
| Operating income | -$4.48M | $3.74M | $501K | -$15.7M | -$53.6M | -$48.3M | -$98.5M | -$24.9M | $6.86M | -$78.8M | -$106M | -$102M | |
| Interest income | $1.22M | $2.2M | $151K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | |
| Interest expense | $0 | $0 | $0 | $44K | $231K | $10.2M | $9.34M | $13.7M | $29.4M | $36.4M | $29.5M | $0 | |
| Other non-operating income (gains on investments, FX ...) | $862K | -$8.83M | $2.45M | -$15.5M | -$14.7M | $494M | -$202M | -$401M | $238M | -$355M | $27.5M | $624K | |
| Total non-operating income | $1.22M | $1.18M | $151K | -$44K | -$231K | -$484M | $197M | -$123M | -$268M | $152M | -$57M | -$624K | |
| Income before tax | -$3.26M | $4.92M | $652K | -$15.7M | -$53.8M | -$533M | $98.7M | -$148M | -$261M | $72.9M | -$163M | -$102M | |
| Income tax | -$1.46M | $9.95M | $46K | $2M | -$3.72M | -$761K | -$6.61M | -$197K | $5.63M | $2.37M | -$3.41M | -$10.1M | |
| Net income | -$1.8M | -$5.03M | $606K | -$17.7M | -$50.1M | -$532M | $105M | -$148M | -$267M | $70.5M | -$160M | -$92.3M | |
| EPS (basic) | -$0.02 | -$0.05 | $0.01 | -$0.14 | -$0.35 | -$3.22 | $0.55 | -$0.76 | -$1.28 | $0.31 | -$0.68 | -$0.37 | |
| EPS (diluted) | -$0.02 | -$0.05 | $0.01 | -$0.14 | -$0.35 | -$3.22 | -$0.47 | -$0.76 | -$1.28 | -$0.73 | -$0.68 | -$0.37 | |
| Shares (basic, weighted) | 111M | 111M | 115M | 127M | 144M | 165M | 190M | 194M | 209M | 225M | 233M | 246M | |
| Shares (diluted, weighted) | 111M | 111M | 117M | 127M | 144M | 165M | 203M | 194M | 209M | 268M | 233M | 246M | |
| Depreciation & amortization | $0 | $0 | $0 | $0 | $0 | $25.1M | $25.4M | $26.4M | $41.2M | $0 | $0 | $108M | |
| EBITDA | -$5.34M | $12.6M | -$1.95M | -$237K | -$38.9M | -$517M | $129M | $403M | -$190M | $276M | -$133M | $5.37M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.8M | $186M | $395M | $333M | $369M | $350M | $620M | |
| Cost of revenue | $98.8M | $210M | $153M | $250M | $291M | $283M | $559M | |
| Gross profit | -$10.1M | -$23.2M | $241M | $83.3M | $77.8M | $66.4M | $61M | |
| Research & development | $4.75M | $9.79M | $29.5M | $35.4M | $29.5M | $76.9M | $154M | |
| Sales & marketing | $3.14M | $5.57M | $8.45M | $11.7M | $8.25M | $8.04M | $6.67M | |
| General & administrative | $7.55M | $20.3M | $89.7M | $93.5M | $66.5M | $64.3M | $84.4M | |
| Other operating expenses | $5.8M | $4.61M | -$17.1M | -$42K | $29.8M | $6.47M | $603K | |
| Operating expenses | $21.2M | $40.2M | $111M | $141M | $134M | $156M | $246M | |
| Operating income | -$31.3M | -$63.4M | $131M | -$57.3M | -$56.2M | -$89.4M | -$185M | |
| Interest income | $1.17M | $419K | $2.95M | $4.29M | $7.95M | $7.57M | $7.61M | |
| Interest expense | $955K | $823K | $2.55M | $5.43M | $5.43M | $17.9M | $99.3M | |
| Other non-operating income (gains on investments, FX ...) | -$1.42M | -$443K | -$2.5M | $2.29M | -$10.3M | $494M | -$355M | |
| Total non-operating income | $468K | -$380K | $59K | -$7.49M | $5.25M | -$512M | $255M | |
| Income before tax | -$30.8M | -$63.8M | $131M | -$64.8M | -$51M | -$602M | $70.8M | |
| Income tax | -$2.93M | -$7.96M | $48.2M | -$4.4M | $5.69M | -$2.44M | $5.23M | |
| Net income | -$27.9M | -$55.8M | $82.6M | -$60.4M | -$56.7M | -$599M | $65.6M | |
| EPS (basic) | -$0.00 | -$0.50 | $0.74 | -$0.54 | -$0.51 | -$4.36 | $0.32 | |
| EPS (diluted) | -$0.00 | -$0.50 | $0.74 | -$0.54 | -$0.51 | -$4.36 | -$1.43 | |
| Shares (basic, weighted) | 12.7B | 111M | 111M | 111M | 110M | 137M | 205M | |
| Shares (diluted, weighted) | 12.7B | 111M | 111M | 111M | 110M | 137M | 234M | |
| Depreciation & amortization | $47.5M | $112M | $63.1M | $66.4M | $75.5M | $81.1M | $168M | |
| EBITDA | $17.6M | $49.1M | $196M | $6.86M | $29.7M | -$503M | $338M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02