Bitdeer Technologies Group (BTDR) Stock Analysis
Technology · Software - Application · NasdaqCM
Bitdeer Technologies Group (BTDR) posted $620.25M in revenue for fiscal 2025 (up 77.3% year over year), at a 10.6% net margin, and has compounded revenue about 23.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Bitdeer Technologies Group
Bitdeer Technologies Group has grown revenue from $333.34M to $620.25M over the last 4 fiscal years, compounding about 23% a year. The most recent year was up 77.3%, so growth is actually accelerating.
Net margin sits at 10.6%, up 181.9 points year over year on a 9.8% gross margin. It carries about $1.00B of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Bitdeer Technologies Group's SEC filings — descriptive, not advice. Ask the analyst your own question →
Bitdeer Technologies Group revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $333.34M | $368.55M | $349.78M | $620.25M |
| Gross profit | $83.25M | $77.81M | $66.40M | $60.99M |
| Net income | $-60.37M | $-56.66M | $-599.15M | $65.60M |
| Net margin | -18.1% | -15.4% | -171.3% | 10.6% |
Source: Bitdeer Technologies Group SEC filings (10-K).
Bitdeer Technologies Group: 4 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 602.4% while revenue rose 77.3% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 288.4% versus revenue 77.3% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 111.7% over 3 years (111.2M → 235.6M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $1754.9M of debt while last year's operating cash flow was negative ($-1738.7M).
Explore 4 years of Bitdeer Technologies Group financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Bitdeer Technologies Group financial history by metric
About Bitdeer Technologies Group
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
Bitdeer Technologies Group — frequently asked questions
What is Bitdeer Technologies Group's revenue?
Bitdeer Technologies Group (BTDR) reported revenue of $620.25M for fiscal year 2025, up 77.3% from the prior year, according to its SEC filings.
Is Bitdeer Technologies Group profitable?
Yes. BTDR earned net income of $65.60M in fiscal 2025, a net margin of 10.6%.
What is BTDR's P/E ratio?
Bitdeer Technologies Group trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Bitdeer Technologies Group growing?
BTDR's revenue grew at roughly 23.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Bitdeer Technologies Group have?
As of fiscal year 2025, BTDR carried roughly $1.00B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Bitdeer Technologies Group's gross margin?
BTDR's gross margin was 9.8% in fiscal 2025 — gross profit of $60.99M on revenue of $620.25M.
What is Bitdeer Technologies Group's market cap?
Bitdeer Technologies Group (BTDR) has a market capitalization of about $4.19B, based on the latest data in our nightly-refreshed cache.
When does Bitdeer Technologies Group's fiscal year end?
BTDR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Bitdeer Technologies Group's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.