Bitdeer Technologies Group (BTDR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTDR SEC filings page.
Bitdeer Technologies Group (BTDR) reported $620.3M in revenue for fiscal year 2025, up 77.3% from the prior fiscal year. This page shows its 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).
The business rebounded to profitability while scaling its asset base, but expansion is absorbing more capital and leaving short-term obligations ahead of current assets.
From FY2024 to FY2025, revenue rose77.3% while capital expenditures rose94.4% , and depreciation more than doubled, indicating growth came with a heavier infrastructure build rather than a light incremental-cost model. At the same time, net income moved from a net loss of$599M to profit of$66M , but operating cash flow is not reported, so the accounting rebound cannot yet be tested against cash conversion.
Assets grew
Financing cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. 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 89/100.
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 81/100, 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 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for Bitdeer Technologies Group, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Bitdeer Technologies Group generates a 7.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100. This is up from -216.6% the prior year.
Bitdeer Technologies Group passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 2 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
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. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Bitdeer Technologies Group held $149.4M in cash against $89.0M in long-term debt as of fiscal year 2025, with $1.5B of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Bitdeer Technologies Group's net profit margin was 10.6% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
BTDR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Revenue | $620.3M+77.3% | $349.8M-5.1% | $368.6M+10.6% | $333.3M-15.5% | $394.7M+111.7% | $186.4M |
| Cost of Revenue | N/A | $283.4M-2.5% | $290.7M+16.3% | $250.1M+63.2% | $153.3M-26.9% | $209.6M |
| Gross Profit | N/A | $66.4M-14.7% | $77.8M-6.5% | $83.3M-65.5% | $241.4Mn/m | -$23.2M |
| R&D Expenses | N/A | $76.9M+160.5% | $29.5M-16.6% | $35.4M+20.1% | $29.5M+201.3% | $9.8M |
| Operating Income | N/A | -$589.7Mn/m | -$52.2Mn/m | -$60.6M-146.3% | $130.8Mn/m | -$63.4M |
| EBITDA | N/A | -$508.6M-2283.2% | $23.3M+298.9% | $5.8M-97.0% | $193.9M+298.7% | $48.6M |
| Interest Expense | $3.8M-73.6% | $14.3M+477.9% | $2.5M-10.9% | $2.8M+127.1% | $1.2M+49.7% | $817K |
| Income Tax | $5.2Mn/m | -$2.4M-143.0% | $5.7Mn/m | -$4.4M-109.1% | $48.2Mn/m | -$8.0M |
| Net Income | $65.6Mn/m | -$599.2Mn/m | -$56.7Mn/m | -$60.4M-173.0% | $82.6Mn/m | -$55.8M |
| EPS (Basic) | N/A | -$4.36n/m | -$0.51 | -$0.56-173.7% | $0.76 | $0.00 |
| EPS (Diluted) | N/A | -$4.36n/m | -$0.51 | -$0.56-174.7% | $0.75 | $0.00 |
| Diluted Shares (Avg) | 234,319 | 137M+24.4% | 110M | 109M-2.3% | 111M | 12.66B |
Not reported in any period shown, so not listed: SG&A Expenses.
BTDR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Total Assets | $2.8B+80.0% | $1.6B+143.6% | $639.4M-1.8% | $651.4M+0.7% | $647.0M | N/A |
| Current Assets | $1.4B+46.0% | $949.4M+264.7% | $260.3M | N/A | N/A | N/A |
| Cash & Equivalents | $149.4M-68.6% | $476.3M+229.1% | $144.7M-37.4% | $231.4M-37.8% | $372.1M+731.4% | $44.8M |
| Inventory | $252.0M+288.4% | $64.9M+18653.8% | $346K | N/A | N/A | N/A |
| Goodwill | $35.8M0.0% | $35.8Mn/m | $0-100.0% | $322K+180.0% | $115K | N/A |
| Total Liabilities | $1.9B+51.2% | $1.3B+317.6% | $306.8M-7.9% | $333.1M-7.2% | $358.9M | N/A |
| Current Liabilities | $1.5B+38.2% | $1.1B+807.8% | $121.2M | N/A | N/A | N/A |
| Non-Current Liabilities | $416.1M+129.7% | $181.1M-2.4% | $185.6M | N/A | N/A | N/A |
| Long-Term Debt | $89.0Mn/m | $0-100.0% | $22.6M-24.1% | $29.8M+1.2% | $29.5M | N/A |
| Total Equity | $867.8M+213.8% | $276.6M-16.8% | $332.6M+4.5% | $318.3M+10.5% | $288.1M+97.4% | $145.9M |
| Retained Earnings | -$583.4Mn/m | -$649.0Mn/m | -$49.9M-832.8% | $6.8M-89.9% | $67.2M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
BTDR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Depreciation & Amortization | $168.1M+107.3% | $81.1M+7.4% | $75.5M+13.7% | $66.4M+5.3% | $63.1M-43.7% | $112.0M |
| Capital Expenditures | $232.2M+94.4% | $119.5M+88.7% | $63.3M+0.2% | $63.2M+0.5% | $62.9M+216.8% | $19.9M |
| Investing Cash Flow | $38.9M-65.5% | $112.7M-43.6% | $199.9M+49.4% | $133.8M-66.1% | $394.6M+528.9% | $62.7M |
| Financing Cash Flow | $1.4B+62.2% | $844.3Mn/m | -$13.5Mn/m | -$3.9Mn/m | -$14.4M-146.9% | $30.8M |
| Share Buybacks | $2.6M+181.2% | $926K-64.4% | $2.6M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Operating Cash Flow, Stock-Based Compensation, Free Cash Flow, Dividends Paid.
BTDR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | 19.0%-2.1pp | 21.1%-3.9pp | 25.0%-36.2pp | 61.2%+73.6pp | -12.4% |
| Operating Margin | N/A | -168.6% | -14.2%+4.0pp | -18.2%-51.3pp | 33.1%+67.2pp | -34.0% |
| Net Margin | 10.6% | -171.3% | -15.4%+2.7pp | -18.1%-39.1pp | 20.9%+50.9pp | -29.9% |
| Return on Equity | 7.6%+224.2pp | -216.6%-199.6pp | -17.0%+1.9pp | -19.0%-47.6pp | 28.7%+67.0pp | -38.3% |
| Return on Assets | 2.3%+40.8pp | -38.5%-29.6pp | -8.9%+0.4pp | -9.3%-22.0pp | 12.8% | N/A |
| Current Ratio | 0.910.0x | 0.86-1.3x | 2.15 | N/A | N/A | N/A |
| Debt-to-Equity | 0.10+0.1x | 0.00-0.1x | 0.070.0x | 0.090.0x | 0.10 | N/A |
| Liabilities-to-Equity | 2.23-2.4x | 4.63+3.7x | 0.92-0.1x | 1.05-0.2x | 1.25 | N/A |
| Asset Turnover | 0.220.0x | 0.22-0.4x | 0.58+0.1x | 0.51-0.1x | 0.61 | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Bitdeer Technologies Group BTDR | FY2025 | $620.3M | $65.6M | 10.6% | $1.9B | 41/100 |
| NCR Atleos Corporation NATL | FY2025 | $4.4B | $162.0M | 3.7% | $3.5B | 44/100 |
| Agilysys, Inc. AGYS | FY2026 | $319.3M | $38.8M | 12.2% | $3.4B | 71/100 |
| nCino, Inc. NCNO | FY2026 | $594.8M | $5.2M | 0.9% | $2.4B | 41/100 |
| Grindr Inc. GRND | FY2025 | $439.9M | $94.8M | 21.5% | $2.4B | 71/100 |
| Dave Inc. DAVE | FY2025 | $554.2M | $195.9M | 35.3% | $4.5B | 82/100 |
Where Bitdeer Technologies Group Ranks
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. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Bitdeer Technologies Group's liabilities-to-equity ratio?
Bitdeer Technologies Group (BTDR) had a liabilities-to-equity ratio of 2.23 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-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 P/E ratio?
Bitdeer Technologies Group (BTDR) trades at 28.8x earnings, its market capitalization divided by $65.6M net income, FY2025. The market capitalization is $1.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bitdeer Technologies Group's price-to-sales ratio?
Bitdeer Technologies Group (BTDR) trades at 3.0x sales, its market capitalization divided by $620.3M revenue, FY2025. The market capitalization is $1.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bitdeer Technologies Group's Piotroski F-Score?
Bitdeer Technologies Group (BTDR) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Bitdeer Technologies Group it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.