Bitdeer Technologies Group Financials
This page shows Bitdeer Technologies Group (BTDR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Bitdeer’s profit rebound is riding on a capital-hungry scale-up that is expanding the balance sheet faster than cash.
FY2025’s return to net profit came after assets reached$2.8B , so the earnings rebound sits inside a business operating at a much larger physical scale than two years earlier. Because cash fell to$149.4M even as financing inflows reached$1.37B , and capex plus inventory were still climbing, new capital appears to be getting absorbed by capacity buildout and working capital rather than accumulating as liquidity.
Liquidity looks tighter than leverage looks heavy: the current ratio stayed below 1.0x in both FY2024 and FY2025, yet debt-to-equity ended FY2025 at just 0.1x. That combination usually means the main funding pressure is short-term balance-sheet turnover during expansion, not a long-dated debt stack dominating the capital structure.
The enlarged asset base carries a bigger fixed-cost burden, with depreciation and amortization reaching
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Bitdeer Technologies Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bitdeer Technologies Group's revenue surged 77.3% year-over-year to $620.3M, reflecting rapid business expansion. This strong growth earns a score of 83/100.
Bitdeer Technologies Group carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Bitdeer Technologies Group's current ratio of 0.91 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Bitdeer Technologies Group generates a 7.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -216.6% the prior year.
Bitdeer Technologies Group passes 4 of 9 financial strength tests. All 2 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Key Financial Metrics
Earnings & Revenue
Bitdeer Technologies Group generated $620.3M in revenue in fiscal year 2025. This represents an increase of 77.3% from the prior year.
Bitdeer Technologies Group reported $65.6M in net income in fiscal year 2025. This represents an increase of 110.9% from the prior year.
Cash & Balance Sheet
Bitdeer Technologies Group held $149.4M in cash against $89.0M in long-term debt as of fiscal year 2025.
Bitdeer Technologies Group had 236M shares outstanding in fiscal year 2025. This represents an increase of 22.5% from the prior year.
Margins & Returns
Bitdeer Technologies Group's net profit margin was 10.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 181.9 percentage points from the prior year.
Bitdeer Technologies Group's ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 224.2 percentage points from the prior year.
Capital Allocation
Bitdeer Technologies Group spent $2.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 181.2% from the prior year.
Bitdeer Technologies Group invested $232.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 94.4% from the prior year.
BTDR Income Statement
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
BTDR Balance Sheet
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|---|---|
| Total Assets | $2.0B+31.0% | $1.6B+88.2% | $827.7M+29.5% | $639.4M-1.8% | $651.4M+0.7% | $647.0M |
| Current Assets | $1.1B+17.5% | $949.4M | N/A | $260.3M | N/A | N/A |
| Cash & Equivalents | $299.8M-37.1% | $476.3M+133.6% | $203.9M+40.9% | $144.7M-37.4% | $231.4M-37.8% | $372.1M |
| Inventory | $208.8M+221.8% | $64.9M | N/A | $346K | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $35.8M0.0% | $35.8M+147.9% | $14.5M | $0-100.0% | $322K+180.0% | $115K |
| Total Liabilities | $1.3B+4.1% | $1.3B+267.8% | $348.3M+13.5% | $306.8M-7.9% | $333.1M-7.2% | $358.9M |
| Current Liabilities | $1.1B-1.6% | $1.1B | N/A | $121.2M | N/A | N/A |
| Long-Term Debt | $84.7M+16.5% | $72.7M-2.0% | $74.1M+14.2% | $64.9M-0.8% | $65.5M+9.7% | $59.7M |
| Total Equity | $706.8M+155.5% | $276.6M-42.3% | $479.4M+44.2% | $332.6M+4.5% | $318.3M+10.5% | $288.1M |
| Retained Earnings | -$387.3M+40.3% | -$649.0M-868.8% | -$67.0M-34.4% | -$49.9M-832.8% | $6.8M-89.9% | $67.2M |
BTDR Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
BTDR Financial Ratios
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.03+0.2 | 0.86 | N/A | 2.15 | N/A | N/A |
| Debt-to-Equity | 0.12-0.1 | 0.26+0.1 | 0.15-0.0 | 0.20-0.0 | 0.210.0 | 0.21 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Bitdeer Technologies Group's annual revenue?
Bitdeer Technologies Group (BTDR) reported $620.3M in total revenue for fiscal year 2025. This represents a 77.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bitdeer Technologies Group's revenue growing?
Bitdeer Technologies Group (BTDR) revenue grew by 77.3% year-over-year, from $349.8M to $620.3M in fiscal year 2025.
Is Bitdeer Technologies Group profitable?
Yes, Bitdeer Technologies Group (BTDR) reported a net income of $65.6M in fiscal year 2025, with a net profit margin of 10.6%.
How much debt does Bitdeer Technologies Group have?
As of fiscal year 2025, Bitdeer Technologies Group (BTDR) had $149.4M in cash and equivalents against $89.0M in long-term debt.
What is Bitdeer Technologies Group's net profit margin?
Bitdeer Technologies Group (BTDR) had a net profit margin of 10.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bitdeer Technologies Group's return on equity (ROE)?
Bitdeer Technologies Group (BTDR) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Bitdeer Technologies Group's total assets?
Bitdeer Technologies Group (BTDR) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitdeer Technologies Group's capital expenditures?
Bitdeer Technologies Group (BTDR) invested $232.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bitdeer Technologies Group's current ratio?
Bitdeer Technologies Group (BTDR) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Bitdeer Technologies Group's debt-to-equity ratio?
Bitdeer Technologies Group (BTDR) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bitdeer Technologies Group's return on assets (ROA)?
Bitdeer Technologies Group (BTDR) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bitdeer Technologies Group's Piotroski F-Score?
Bitdeer Technologies Group (BTDR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is Bitdeer Technologies Group?
Bitdeer Technologies Group (BTDR) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.