NASDAQ : BTDR
Bitdeer Technologies Group — Financial statements
Technology · Software - Application · Singapore
Last price 6.71 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.82B
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Financial statements
Bitdeer Technologies Group (BTDR) reported revenue of 812.26M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 812.26M | 620.25M | 349.78M | 368.55M | 333.34M | 394.66M |
| Cost of Revenue | 806.84M | 559.26M | 283.38M | 290.75M | 250.09M | 153.25M |
| Gross Profit | 5.41M | 60.99M | 66.40M | 77.81M | 83.25M | 241.41M |
| Selling, General & Admin | 116.87M | 91.08M | 72.36M | 74.70M | 105.14M | 98.18M |
| Research & Development | 130.55M | 153.88M | 76.95M | 29.53M | 35.43M | 29.50M |
| Other Operating Expenses | -431.93M | -422.53M | 500.45M | -4.91M | 2.81M | -13.77M |
| Operating Expenses | -184.51M | -177.57M | 649.75M | 99.33M | 143.37M | 113.92M |
| Operating Income | 189.92M | 238.56M | -583.36M | -21.52M | -60.12M | 127.49M |
| Interest Expense | -143.08M | -99.33M | -17.92M | -5.08M | -5.20M | -2.44M |
| Interest & Investment Income | 5.64M | 7.61M | 7.87M | 7.95M | 4.29M | 2.95M |
| Currency Exchange Gain (Loss) | -2.37M | 3.44M | -1.58M | -1.02M | -2.88M | -226.00K |
| Other Non Operating Income (Expenses) | -204.27M | -605.00K | -300.00K | -580.00K | -388.00K | -219.00K |
| EBT Excluding Unusual Items | -155.21M | 149.67M | -595.29M | -20.24M | -64.30M | 127.55M |
| Gain (Loss) on Sale of Investments | -2.96M | -3.66M | 1.97M | 3.53M | -628.00K | -2.02M |
| Gain (Loss) on Sale of Assets | -17.95M | -144.00K | 95.00K | -1.58M | 165.00K | 20.00K |
| Asset Writedown | -14.70M | -14.70M | ||||
| Other Unusual Items | -44.13M | -60.34M | -8.37M | -32.67M | 5.35M | |
| Pretax Income | -234.95M | 70.83M | -601.59M | -50.97M | -64.77M | 130.89M |
| Income Tax Expense | -6.37M | 5.23M | -2.44M | 5.68M | -4.40M | 48.25M |
| Net Income | -228.59M | 65.60M | -599.15M | -56.66M | -60.37M | 82.64M |
| Net Income to Common | -228.59M | 65.60M | -599.15M | -56.66M | -60.37M | 82.64M |
| Shares Outstanding (Basic) | 228.57M | 204.68M | 137.43M | 110.49M | 108.68M | 108.68M |
| Shares Outstanding (Diluted) | 228.57M | 234.32M | 137.43M | 110.49M | 108.68M | 111.24M |
| EPS (Basic) | -1.00 | 0.32 | -4.36 | -0.51 | -0.56 | 0.76 |
| EPS (Diluted) | -2.06 | -1.43 | -4.36 | -0.51 | -0.56 | 0.75 |
| Free Cash Flow | -2.09B | -2.01B | -749.29M | -398.13M | -331.24M | -141.96M |
| Free Cash Flow Per Share | -9.15 | -8.56 | -5.45 | -3.60 | -3.05 | -1.28 |
| Gross Margin | 0.67% | 9.83% | 18.98% | 21.11% | 24.98% | 61.17% |
| Operating Margin | 23.38% | 38.46% | -166.78% | -5.84% | -18.04% | 32.30% |
| Profit Margin | -28.14% | 10.58% | -171.29% | -15.37% | -18.11% | 20.94% |
| Free Cash Flow Margin | -257.59% | -323.48% | -214.22% | -108.03% | -99.37% | -35.97% |
| EBITDA | 502.57M | 393.57M | -510.67M | 47.40M | 931.00K | 185.91M |
| EBITDA Margin | 61.87% | 63.45% | -146.00% | 12.86% | 0.28% | 47.11% |
| D&A For EBITDA | 312.65M | 155.01M | 72.69M | 68.92M | 61.05M | 58.42M |
| EBIT | 189.92M | 238.56M | -583.36M | -21.52M | -60.12M | 127.49M |
| EBIT Margin | 23.38% | 38.46% | -166.78% | -5.84% | -18.04% | 32.30% |
| Effective Tax Rate | 7.39% | 36.86% | ||||
| Revenue as Reported | 812.26M | 620.25M | 349.78M | 368.55M | 333.34M | |
| Advertising Expenses | 3.00M | 3.00M | 1.38M | 737.00K | 880.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 456.84M | 149.35M | 476.27M | 144.73M | 231.36M | 372.09M |
| Short-Term Investments | 4.03M | 26.58M | 6.67M | |||
| Trading Asset Securities | 4.98M | 4.54M | 1.00M | 60.96M | 1.25M | |
| Cash & Short-Term Investments | 460.87M | 154.33M | 480.81M | 145.73M | 318.90M | 380.01M |
| Accounts Receivable | 39.21M | 31.69M | 15.80M | 17.46M | 18.38M | 8.65M |
| Other Receivables | 9.34M | 9.34M | 9.34M | 2.55M | ||
| Receivables | 48.55M | 41.03M | 25.14M | 17.46M | 21.25M | 9.74M |
| Inventory | 252.00M | 64.89M | 346.00K | |||
| Prepaid Expenses | 89.89M | 698.29M | 291.93M | 71.88M | ||
| Restricted Cash | 33.21M | 22.37M | 9.14M | 9.54M | 11.49M | 10.31M |
| Other Current Assets | 213.94M | 218.63M | 77.54M | 15.37M | 28.88M | 15.21M |
| Total Current Assets | 846.46M | 1.39B | 949.45M | 260.32M | 380.52M | 415.26M |
| Property, Plant & Equipment | 2.20B | 1.15B | 387.97M | 276.96M | 226.42M | 208.03M |
| Long-Term Investments | 35.96M | 39.31M | 37.98M | 36.77M | ||
| Goodwill | 35.82M | 35.82M | 35.82M | |||
| Other Intangible Assets | 82.91M | 93.43M | 83.23M | 4.78M | 322.00K | 115.00K |
| Long-Term Deferred Tax Assets | 28.92M | 11.09M | 6.22M | 991.00K | 4.86M | 4.62M |
| Other Long-Term Assets | 214.00M | 92.52M | 57.18M | 59.56M | 39.29M | 18.95M |
| Total Assets | 3.45B | 2.80B | 1.56B | 639.39M | 651.41M | 646.97M |
| Accounts Payable | 177.26M | 119.82M | 31.47M | 32.48M | 15.77M | 17.74M |
| Accrued Expenses | 54.18M | 16.96M | 16.15M | |||
| Short-Term Debt | 143.55M | 275.00M | 193.22M | |||
| Current Portion of Long-Term Debt | 373.60M | 478.79M | 14.91M | 29.80M | ||
| Current Portion of Leases | 13.06M | 9.23M | 5.46M | 5.29M | 4.97M | 3.29M |
| Current Income Taxes Payable | 11.93M | 13.36M | 2.73M | 3.37M | 657.00K | 10.45M |
| Current Unearned Revenue | 55.68M | 64.39M | 39.03M | 49.51M | ||
| Other Current Liabilities | 11.75M | 560.08M | 813.30M | 30.53M | 5.53M | 1.13M |
| Total Current Liabilities | 841.02M | 1.52B | 1.10B | 121.18M | 73.69M | 48.76M |
| Long-Term Debt | 1.32B | 247.30M | 22.62M | 29.46M | ||
| Long-Term Leases | 97.53M | 88.98M | 72.67M | 64.92M | 65.45M | 59.68M |
| Long-Term Unearned Revenue | 59.56M | 63.26M | 90.20M | 94.83M | 182.30M | 213.45M |
| Long-Term Deferred Tax Liabilities | 17.17M | 14.12M | 16.61M | 1.62M | 11.63M | 7.55M |
| Other Long-Term Liabilities | 3.80M | 2.41M | 1.65M | 1.66M | ||
| Total Liabilities | 2.34B | 1.94B | 1.28B | 306.82M | 333.07M | 358.89M |
| Common Stock | 1.00K | |||||
| Retained Earnings | -785.96M | -583.41M | -649.00M | -49.85M | 6.80M | 67.17M |
| Treasury Stock | -325.60M | -160.93M | -2.60M | |||
| Comprehensive Income & Other | 6.00K | 1.78B | 1.09B | 385.02M | 311.54M | 220.91M |
| Shareholders' Equity | 1.10B | 867.85M | 276.60M | 332.57M | 318.34M | 288.08M |
| Total Liabilities & Equity | 3.45B | 2.80B | 1.56B | 639.39M | 651.41M | 646.97M |
| Total Debt | 1.95B | 1.10B | 286.26M | 92.83M | 100.23M | 92.43M |
| Net Cash (Debt) | -1.49B | -944.97M | 194.55M | 52.90M | 218.67M | 287.58M |
| Net Cash Per Share | -6.52 | -4.03 | 1.42 | 0.48 | 2.01 | 2.59 |
| Filing Date Shares Outstanding | 271.78M | 243.31M | 196.75M | 115.71M | 111.29M | 10.02B |
| Total Common Shares Outstanding | 271.78M | 235.55M | 192.32M | 111.25M | 10.02B | 10.02B |
| Working Capital | 5.45M | -134.01M | -150.67M | 139.15M | 306.82M | 366.51M |
| Book Value Per Share | 4.06 | 3.68 | 1.44 | 2.99 | 0.03 | 0.03 |
| Tangible Book Value | 984.08M | 738.60M | 157.54M | 327.79M | 318.02M | 287.96M |
| Tangible Book Value Per Share | 3.62 | 3.14 | 0.82 | 2.95 | 0.03 | 0.03 |
| Land | 12.47M | 6.62M | 3.13M | 2.06M | 484.00K | 484.00K |
| Buildings | 110.86M | 67.65M | 28.77M | 27.36M | 23.45M | 23.45M |
| Machinery | 1.49B | 988.15M | 268.00M | 232.44M | 165.60M | 144.10M |
| Construction In Progress | 729.43M | 131.04M | 144.10M | 30.09M | 16.51M | 33.59M |
| Leasehold Improvements | 234.40M | 200.78M | 120.34M | 117.81M | 104.52M | 48.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -228.59M | 65.60M | -599.15M | -56.66M | -60.37M | 82.64M |
| Depreciation & Amortization | 325.76M | 168.12M | 81.10M | 75.54M | 66.42M | 63.05M |
| Loss (Gain) From Sale of Assets | 17.95M | 144.00K | -95.00K | 1.66M | -165.00K | -12.00K |
| Asset Writedown & Restructuring Costs | 17.67M | 18.45M | 936.00K | 2.00K | 2.57M | |
| Loss (Gain) From Sale of Investments | 3.66M | 3.66M | 1.22M | -3.53M | 628.00K | |
| Stock-Based Compensation | 31.45M | 38.49M | 33.97M | 45.49M | 90.65M | 88.36M |
| Other Operating Activities | -873.18M | -888.09M | 180.35M | -299.04M | -324.52M | -306.30M |
| Change in Accounts Receivable | -31.69M | -26.54M | 12.37M | 381.00K | -5.35M | -13.26M |
| Change in Inventory | -1.04B | -786.89M | -81.20M | -204.00K | 716.00K | |
| Change in Accounts Payable | 90.94M | 67.65M | -11.26M | 13.60M | -6.02M | 12.51M |
| Change in Unearned Revenue | 9.50M | 18.45M | 1.31M | 3.54M | -9.16M | 6.78M |
| Change in Other Net Operating Assets | 57.37M | -417.72M | -241.62M | -52.58M | -20.88M | 11.19M |
| Operating Cash Flow | -1.62B | -1.74B | -622.07M | -271.79M | -268.04M | -52.47M |
| Capital Expenditures | -470.22M | -267.68M | -127.22M | -126.35M | -63.20M | -89.49M |
| Sale of Property, Plant & Equipment | 1.69M | 298.00K | 100.00K | 962.00K | 877.00K | |
| Cash Acquisitions | -6.05M | -26.73M | ||||
| Divestitures | 9.88M | -14.86M | ||||
| Investment in Securities | -3.59M | -5.43M | -2.78M | 26.71M | -60.34M | |
| Other Investing Activities | 642.05M | 311.97M | 248.45M | 299.45M | 275.76M | 498.04M |
| Investing Cash Flow | 169.92M | 38.86M | 112.70M | 199.85M | 133.79M | 394.57M |
| Long-Term Debt Issued | 1.46B | 554.21M | 30.00M | |||
| Short-Term Debt Repaid | -29.30M | |||||
| Long-Term Debt Repaid | -268.27M | -39.61M | -12.19M | -3.88M | -4.18M | |
| Lease Payments | -8.00M | -8.00M | -9.68M | -5.19M | -3.88M | -4.18M |
| Total Debt Repaid | -495.46M | -268.27M | -39.61M | -12.19M | -3.88M | -33.48M |
| Net Debt Issued (Repaid) | 1.01B | 1.19B | 514.61M | -12.19M | -3.88M | -3.48M |
| Issuance of Common Stock | 725.80M | 404.86M | 490.28M | 9.91M | ||
| Repurchase of Common Stock | -39.00M | -65.01M | -617.00K | -2.60M | ||
| Other Financing Activities | -73.11M | -165.01M | -160.00M | -8.60M | -10.94M | |
| Financing Cash Flow | 1.62B | 1.37B | 844.27M | -13.49M | -3.88M | -14.43M |
| Foreign Exchange Rate Adjustments | -1.85M | 3.90M | -3.35M | -1.21M | -2.60M | -342.00K |
| Net Cash Flow | 166.22M | -326.92M | 331.54M | -86.63M | -140.73M | 327.33M |
| Free Cash Flow | -2.09B | -2.01B | -749.29M | -398.13M | -331.24M | -141.96M |
| Free Cash Flow Margin | -257.59% | -323.48% | -214.22% | -108.03% | -99.37% | -35.97% |
| Free Cash Flow Per Share | -9.15 | -8.56 | -5.45 | -3.60 | -3.05 | -1.28 |
| Levered Free Cash Flow | 26.98M | -866.62M | 28.65M | 2.06M | 20.13M | 128.67M |
| Unlevered Free Cash Flow | 117.50M | -804.54M | 39.85M | 5.23M | 23.38M | 130.19M |
| Free Cash Flow After Leases | -2.10B | -2.01B | -758.97M | -403.32M | -335.12M | -146.14M |
| Cash Interest Paid | 101.41M | 68.35M | 7.42M | 4.79M | 4.86M | 2.30M |
| Cash Income Tax Paid | 2.19M | 1.04M | 8.60M | -9.29M | 20.01M | -43.00K |
| Change in Working Capital | -916.74M | -1.15B | -320.40M | -35.26M | -40.69M | 17.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.82B | 2.65B | 3.19B | 1.10B | 63.56M | 60.76M |
| Enterprise Value | 3.32B | 3.37B | 3.03B | 1.02B | -78.31M | -81.12M |
| Last Close Price | 6.71 | 11.21 | 21.67 | 9.86 | 10.42 | 9.96 |
| PE Ratio | 40.47 | 0.73 | ||||
| Forward PE | 34.23 | 93.09 | 61.14 | |||
| PS Ratio | 2.25 | 4.28 | 9.13 | 2.98 | 0.19 | 0.15 |
| PB Ratio | 1.65 | 3.06 | 11.54 | 3.30 | 0.20 | 0.21 |
| P/TBV Ratio | 1.85 | 3.59 | 20.27 | 3.35 | 0.20 | 0.21 |
| EV/Sales Ratio | 4.08 | 5.43 | 8.67 | 2.77 | ||
| EV/EBITDA Ratio | 6.60 | 8.56 | 21.51 | |||
| EV/EBIT Ratio | 17.45 | 14.12 | ||||
| Debt / Equity Ratio | 1.77 | 1.27 | 1.03 | 0.28 | 0.32 | 0.32 |
| Debt / EBITDA Ratio | 3.76 | 2.70 | 1.72 | 15.90 | 0.49 | |
| Net Debt / Equity Ratio | 1.35 | 1.09 | -0.70 | -0.16 | -0.69 | -1.00 |
| Net Debt / EBITDA Ratio | 2.97 | 2.40 | 0.38 | -1.12 | -234.87 | -1.55 |
| Net Debt / FCF Ratio | -0.71 | -0.47 | 0.26 | 0.13 | 0.66 | 2.03 |
| Asset Turnover | 0.30 | 0.28 | 0.32 | 0.57 | 0.51 | 0.53 |
| Inventory Turnover | 3.53 | 8.69 | ||||
| Quick Ratio | 0.61 | 0.13 | 0.46 | 1.35 | 4.61 | 7.97 |
| Current Ratio | 1.01 | 0.91 | 0.86 | 2.15 | 5.16 | 8.52 |
| Return on Equity (ROE) | -25.26% | 11.46% | -196.71% | -17.41% | -19.91% | 38.09% |
| Return on Assets (ROA) | 4.33% | 6.84% | -33.19% | -2.08% | -5.79% | 10.62% |
| Return on Invested Capital (ROIC) | 7.47% | 23.32% | -322.55% | -11.35% | -60.32% | |
| Return on Capital Employed (ROCE) | 7.30% | 18.60% | -127.40% | -4.20% | -10.40% | 21.30% |
| Earnings Yield | -30.68% | 2.47% | -18.76% | -5.17% | -94.97% | 136.02% |
| FCF Yield | -114.73% | -75.58% | -23.47% | -36.30% | -521.11% | -233.65% |
| Buyback Yield / Dilution | -32.02% | -70.51% | -24.37% | -1.67% | 2.30% | 99.12% |