Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
BTDR · Nasdaq · United States · Finance Services
In shortBitdeer Technologies Group is loss-making.
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | -168.6% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -171.3% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -196.7% | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -212.0% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 4 | 17/100 |
| Revenue growth volatility | 58.5% | 0/100 |
| Operating margin volatility | 75.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -3.9% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 186 | 395 | 333 | 369 | 350 |
| Cost of revenue | 210 | 153 | 250 | 291 | 283 |
| Gross profit | (23) | 241 | 83 | 78 | 66 |
| Research & development | 9.8 | 30 | 35 | 30 | 77 |
| Operating income | (63) | 131 | (61) | (52) | (590) |
| Pre-tax income | (64) | 131 | (65) | (51) | (602) |
| Income tax | (8) | 48 | (4.4) | 5.7 | (2.4) |
| Net income | (56) | 83 | (60) | (57) | (599) |
| Diluted EPS | $0.00 | $0.75 | −$0.56 | −$0.51 | −$4.36 |
| Diluted shares (millions) | 12,662 | 111 | 109 | 110 | 137 |
Not computed: the model does not apply to banks and insurers.
1/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Sep 29, 2025