Saturday 17 October 2026
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Bitdeer Technologies Group
BTDR Technology Software Application
Bitdeer Technologies Group’s revenue for fiscal 2025 (year ended December 2025) was $620.3 million, up 77.3% from fiscal 2024. In the quarter to June 2026, revenue grew 47.1%, EPS fell 14.0%, free cash flow grew 5.54% and total debt rose 245.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
7.73
0.67
−7.98%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 9.70 | 9.91 | 2.77 | 5.23 | 6.84 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 10.90 | 10.82 | 14.75 | 26.24 | 27.80 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 2 | 211 | 246 | 471 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | 166.67 | 1.75 | 1.42 | 1.32 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 333 | 369 | 350 | 620 | ||||
| Gross margin, % | — | — | — | — | — | — | 24.97 | 21.11 | 18.98 | 9.83 | |||||
| EBT | — | — | — | — | — | (1) | (65) | (51) | (602) | 71 | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | (19.43) | (13.83) | (171.99) | 11.42 | |||||
| Net income | — | 0 | — | — | — | (1) | (60) | (57) | (599) | 66 | |||||
| Depreciation | — | — | — | — | — | — | 66 | 76 | 81 | 168 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 3.07 | 3.34 | 2.55 | 3.03 | ||||
| Earnings | — | — | — | — | — | (0.76) | (0.52) | (0.51) | (4.36) | 0.32 | |||||
| Cash flow | — | — | — | — | — | (0.25) | (2.47) | (2.46) | (4.53) | (8.49) | |||||
| Capex | — | — | — | — | — | 0.00 | (0.82) | (1.14) | (0.92) | (1.31) | |||||
| Free cash flow | — | — | — | — | — | (0.25) | (3.28) | (3.60) | (5.45) | (9.80) | |||||
| Book value | — | — | — | — | — | (1.57) | 2.93 | 3.01 | 2.01 | 4.24 | |||||
| Shares, m | — | — | — | — | — | 2 | 109 | 110 | 137 | 205 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 35.16 | ||||
| P/S | — | — | — | — | — | — | 3.42 | 2.66 | 8.51 | 3.70 | |||||
| P/B | — | — | — | — | — | — | 3.58 | 2.95 | 10.77 | 2.71 | |||||
| EV/Sales | — | — | — | — | — | — | 3.01 | 2.32 | 7.55 | 5.82 | |||||
| EV/FCF | — | — | — | — | — | — | (3.74) | (1.13) | (3.53) | (1.80) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | (268) | (272) | (622) | (1,739) | ||||
| Capex | — | — | — | — | — | — | (89) | (126) | (127) | (268) | |||||
| Free cash flow | — | — | — | — | — | 0 | (357) | (398) | (749) | (2,006) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | (1) | (21) | 139 | (151) | (134) | ||||
| Total debt | — | — | — | — | — | 0 | 95 | 45 | 208 | 1,001 | |||||
| Net debt | — | — | — | — | — | 0 | (138) | (125) | (359) | 741 | |||||
| Shareholders’ equity | — | — | — | — | — | (3) | 318 | 333 | 277 | 868 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (4.23) | (17.00) | (8.78) | (54.54) | 3.01 | ||||
| ROIC | — | — | — | — | — | 0.00 | (21.03) | (15.76) | 0.00 | 6.20 | |||||
| ROE | — | — | — | — | — | 0.00 | (38.23) | (17.41) | (196.71) | 11.46 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Bitdeer Technologies Group vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PLUS ePlus inc. | $2.5B | 20.5× | 17.6× | +0.99% (above 0%: growing) | −18.18% (below 0%: shrinking) | +175.78% (above 0%: growing) | 23.31% | 5.98% | Compare |
| ADEA Adeia Inc. | $2.4B | 18.1× | 40.6× | +12.11% (above 0%: growing) | +6.67% (above 0%: growing) | +94.36% (above 0%: growing) | 100.00% | 26.40% | Compare |
| ASAN Asana, Inc. | $2.4B | — (loss-making) | — (loss-making) | +9.90% (above 0%: growing) | n/m | +390.69% (above 0%: growing) | 85.99% | (19.05%) | Compare |
| BLKB Blackbaud, Inc. | $2.3B | 15.9× | 9.0× | +3.04% (above 0%: growing) | +46.30% (above 0%: growing) | +46.16% (above 0%: growing) | 61.31% | 21.34% | Compare |
| BTDR Bitdeer Technologies Group | $2.3B | — (loss-making) | — (loss-making) | +47.05% (above 0%: growing) | n/m | +5.54% (above 0%: growing) | (3.73%) | (44.47%) | |
| DBD Diebold Nixdorf, Incorporated | $2.3B | 21.5× | — | +1.70% (above 0%: growing) | +36.36% (above 0%: growing) | −327.56% (below 0%: shrinking) | 25.74% | 6.17% | Compare |
| NCNO nCino Inc. | $2.2B | 66.2× | 43.6× | +8.19% (above 0%: growing) | n/m | +170.13% (above 0%: growing) | 62.59% | 8.46% | Compare |
| VERX Vertex, Inc. | $2.2B | 389× | 73.1× | +10.52% (above 0%: growing) | n/m | −86.05% (below 0%: shrinking) | 64.37% | (2.18%) | Compare |
| SOUN SoundHound AI, Inc. | $2.2B | — (loss-making) | — (loss-making) | +45.02% (above 0%: growing) | n/m | −49.37% (below 0%: shrinking) | 45.12% | (69.95%) | Compare |
| Median of peers | $2.3B | 21.0× | 40.6× | +9.05% | +21.51% | +70.26% | 61.95% | 6.08% |
Bitdeer Technologies Group (BTDR) key facts
- Strength: Bitdeer Technologies Group’s revenue for fiscal 2025 (year ended December 2025) was $620.3 million, up 77.3% from fiscal 2024.
- Bitdeer Technologies Group (BTDR) is a Software Application company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, BTDR traded at $7.73, a market capitalization of $2.3 billion.
- Return on equity was 11.5% and debt-to-equity 1.67.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.77 (distress zone) for fiscal 2025.