Income Statement Bitdeer Technologies Group

Equities

BTDR

KYG114481008

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 21:00:00 23/01/2026 GMT			5-day change	1st Jan Change
14.53 ^USD	+3.49%		-8.27%	+29.62%

01-14	Bitdeer Ai Accelerates Global Ai Cloud Expansion with Nvidia Gb200 Nvl72 Deployment	CI
01-12	Bitdeer Technologies Reports Lower December Bitcoin Holdings	MT

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Published financial data: BITDEER TECHNOLOGIES GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	186M	395M	333M	369M	350M
Total Revenues	186M	395M	333M	369M	350M
Cost of Goods Sold, Total	210M	153M	250M	291M	283M
Gross Profit	-23.18M	242M	83.25M	77.81M	66.4M
Selling General & Admin Expenses, Total	25.84M	98.18M	105M	74.7M	72.36M
R&D Expenses	9.79M	29.5M	35.43M	29.53M	76.95M
Other Operating Expenses	-524K	-13.76M	2.81M	-4.9M	500M
Other Operating Expenses, Total	35.1M	114M	143M	99.33M	650M
Operating Income	-58.28M	128M	-60.12M	-21.52M	-583M
Interest Expense, Total	-823K	-2.44M	-5.2M	-5.08M	-17.92M
Interest And Investment Income	419K	2.95M	4.29M	7.95M	7.87M
Net Interest Expenses	-404K	504K	-912K	2.87M	-10.05M
Currency Exchange Gains (Loss)	618K	-226K	-2.88M	-1.02M	-1.58M
Other Non Operating Income (Expenses)	-594K	-219K	-388K	-580K	-300K
EBT, Excl. Unusual Items	-58.66M	128M	-64.3M	-20.24M	-595M
Gain (Loss) On Sale Of Investments	-	-2.02M	-628K	3.53M	1.97M
Gain (Loss) On Sale Of Assets	-2.92M	20K	165K	-1.58M	95K
Asset Writedown	-2.21M	-106K	-	-	-
Other Unusual Items	-	5.35M	-	-32.67M	-8.37M
EBT, Incl. Unusual Items	-63.79M	131M	-64.77M	-50.97M	-602M
Income Tax Expense	-7.96M	48.25M	-4.4M	5.68M	-2.44M
Earnings From Continuing Operations	-55.83M	82.64M	-60.37M	-56.66M	-599M
Net Income to Company	-55.83M	82.64M	-60.37M	-56.66M	-599M
Net Income - (IS)	-55.83M	82.64M	-60.37M	-56.66M	-599M
Net Income to Common Incl Extra Items	-55.83M	82.64M	-60.37M	-56.66M	-599M
Net Income to Common Excl. Extra Items	-55.83M	82.64M	-60.37M	-56.66M	-599M
Per Share Items
Net EPS - Basic	-0	0.01	-0	-0.51	-4.36
Basic EPS - Continuing Operations	-0	0.01	-0	-0.51	-4.36
Basic Weighted Average Shares Outstanding	12.66B	12.66B	12.66B	110M	137M
Net EPS - Diluted	-0	0.01	-0	-0.51	-4.36
Diluted EPS - Continuing Operations	-0	0.01	-0	-0.51	-4.36
Diluted Weighted Average Shares Outstanding	12.66B	12.98B	12.66B	110M	137M
Normalized Basic EPS	-0	0.01	-0	-0.11	-2.71
Normalized Diluted EPS	-0	0.01	-0	-0.11	-2.71
Supplemental Items
EBITDA	49.78M	186M	931K	47.4M	-511M
EBITA	-58.17M	128M	-60.02M	-20.77M	-575M
EBIT	-58.28M	128M	-60.12M	-21.52M	-583M
EBITDAR	50.15M	187M	2.1M	47.91M	-510M
Total Revenues (As Reported)	-	-	-	-	350M
Effective Tax Rate - (Ratio)	12.48	36.86	6.79	-11.15	0.41
Total Current Taxes	52K	13.12M	-8.24M	11.82M	3.67M
Total Deferred Taxes	-8.01M	35.12M	3.84M	-6.14M	-6.12M
Normalized Net Income	-36.66M	79.78M	-40.19M	-12.65M	-372M
Interest on Long-Term Debt	817K	2.44M	5.2M	5.08M	3.47M
Supplemental Operating Expense Items
Advertising Expense	2.19M	880K	737K	1.38M	3M
Selling and Marketing Expenses	5.57M	8.45M	11.68M	8.25M	8.04M
General and Administrative Expenses	20.27M	89.74M	93.45M	66.45M	64.32M
Research And Development Expense From Footnotes	9.79M	29.5M	35.43M	29.53M	76.95M
Net Rental Expense, Total	372K	961K	1.17M	510K	500K
Imputed Operating Lease Interest Expense	-	268K	504K	215K	378K
Imputed Operating Lease Depreciation	-	693K	662K	295K	122K
Stock-Based Comp., COGS (Total)	-	10.42M	10.05M	4.72M	2.37M
Stock-Based Comp., R&D Exp. (Total)	-	18.25M	24.26M	13.38M	14.74M
Stock-Based Comp., S&M Exp. (Total)	-	5.23M	7.49M	3.59M	1.98M
Stock-Based Comp., G&A Exp. (Total)	-	54.46M	48.85M	23.8M	14.88M
Total Stock-Based Compensation	-	88.36M	90.65M	45.49M	33.97M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	44.75M	372M	231M	145M	476M
Short Term Investments	6.11M	6.67M	26.58M	54.3M	-
Trading Asset Securities, Total	-	-	60.96M	37.78M	4.54M
Total Cash And Short Term Investments	50.86M	379M	319M	237M	481M
Accounts Receivable, Total	2.04M	8.65M	18.38M	17.46M	15.8M
Other Receivables	441M	10.2M	2.55M	-	9.34M
Notes Receivable	168M	1.09M	322K	-	-
Total Receivables	611M	19.94M	21.25M	17.46M	25.14M
Inventory	-	-	-	-	64.89M
Prepaid Expenses	-	-	-	-	292M
Restricted Cash	7.34M	10.31M	11.49M	9.54M	9.14M
Other Current Assets, Total	7.86M	15.21M	28.88M	38.66M	77.54M
Total Current Assets	678M	424M	381M	302M	949M
Gross Property Plant And Equipment	214M	313M	379M	480M	645M
Accumulated Depreciation	-78.6M	-104M	-153M	-203M	-257M
Net Property Plant And Equipment	135M	208M	226M	277M	388M
Long-term Investments	-	-	-	-	37.98M
Goodwill	-	-	-	-	35.82M
Other Intangibles, Total	76K	115K	322K	4.78M	83.24M
Deferred Tax Assets Long-Term	30.1M	4.62M	4.86M	991K	6.22M
Other Long-Term Assets, Total	10.49M	9.99M	39.29M	54.19M	57.18M
Total Assets	853M	647M	651M	639M	1.56B
Liabilities
Accounts Payable, Total	3.06M	17.74M	15.77M	32.48M	31.47M
Accrued Expenses, Total	6.8M	16.15M	16.96M	22.27M	-
Short-term Borrowings	24.76M	-	-	-	193M
Current Portion of Long-Term Debt	-	-	29.8M	-	14.91M
Current Portion of Leases	5.1M	3.29M	4.97M	5.29M	5.46M
Current Income Taxes Payable	56K	10.45M	657K	3.37M	2.73M
Unearned Revenue Current, Total	-	-	-	-	39.03M
Other Current Liabilities	638M	1.13M	5.53M	9.91M	813M
Total Current Liabilities	678M	48.76M	73.7M	73.32M	1.1B
Long-Term Debt	877K	29.46M	-	22.62M	-
Long-Term Leases	16.84M	59.68M	65.45M	64.92M	72.67M
Unearned Revenue Non Current	11.55M	213M	182M	144M	90.2M
Deferred Tax Liability Non Current	-	7.55M	11.63M	1.62M	16.61M
Other Non Current Liabilities	-	-	-	-	1.65M
Total Liabilities	707M	359M	333M	307M	1.28B
Common Stock, Total	146M	1K	1K	-	-
Retained Earnings	-	67.17M	6.8M	-49.85M	-649M
Treasury Stock	-	-	-	-2.6M	-161M
Comprehensive Income and Other	-	221M	312M	385M	1.09B
Total Common Equity	146M	288M	318M	333M	277M
Total Equity	146M	288M	318M	333M	277M
Total Liabilities And Equity	853M	647M	651M	639M	1.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.66B	10.02B	111M	116M	197M
ECS Total Common Shares Outstanding	12.66B	10.02B	10.02B	111M	192M
Book Value / Share	0.01	0.03	0.03	2.99	1.44
Tangible Book Value	146M	288M	318M	328M	158M
Tangible Book Value Per Share	0.01	0.03	0.03	2.95	0.82
Total Debt	47.58M	92.43M	100M	92.83M	286M
Net Debt	-3.28M	-286M	-219M	-144M	-195M
Debt Equivalent Oper. Leases	2.98M	7.69M	9.33M	4.08M	4M
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	28.66M
Inventories - Work In Process, Total	-	-	-	-	26.28M
Inventories - Finished Goods, Total	-	-	-	-	9.95M
Land - (BS)	484K	484K	484K	2.06M	3.13M
Buildings, Total	22.56M	23.45M	23.45M	27.36M	28.77M
Machinery, Total	140M	144M	166M	232M	268M
Full Time Employees	-	160	183	211	183
Part Time Employees	-	1	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-55.83M	82.64M	-60.37M	-56.66M	-599M
Depreciation & Amortization - CF	112M	62.91M	66.33M	74.79M	72.71M
Amortization of Goodwill and Intangible Assets - (CF)	111K	146K	97K	754K	8.38M
Depreciation & Amortization, Total	112M	63.06M	66.42M	75.54M	81.1M
(Gain) Loss From Sale Of Asset	2.92M	-12K	-165K	1.66M	-95K
(Gain) Loss on Sale of Investments - (CF)	-	-	628K	-3.53M	1.22M
Asset Writedown & Restructuring Costs	4.24M	2.57M	-	2K	936K
Stock-Based Compensation (CF)	-	88.36M	90.65M	45.49M	33.97M
Other Operating Activities, Total	-182M	-306M	-325M	-299M	180M
Change In Accounts Receivable	-	-13.26M	-5.35M	381K	12.37M
Change In Inventories	-	-	-	-	-81.2M
Change In Accounts Payable	512K	12.51M	-6.02M	13.6M	-11.26M
Change in Unearned Revenues	-2.15M	6.78M	-9.16M	3.54M	1.31M
Change in Other Net Operating Assets	11.11M	11.19M	-20.16M	-52.78M	-242M
Cash from Operations	-109M	-52.47M	-268M	-272M	-622M
Capital Expenditure	-144M	-89.49M	-63.2M	-126M	-127M
Sale of Property, Plant, and Equipment	210K	877K	962K	100K	298K
Cash Acquisitions	-	-	-26.73M	-	-6.05M
Divestitures	-	-14.86M	9.88M	-	-
Investment in Marketable and Equity Securities, Total	-	-	-60.34M	26.71M	-2.78M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-2.55M	-61K	-
Other Investing Activities, Total	206M	498M	276M	299M	248M
Cash from Investing	62.74M	395M	134M	200M	113M
Short Term Debt Issued, Total	-	-	-	-	554M
Long-Term Debt Issued, Total	871K	30M	-	-	-
Total Debt Issued	871K	30M	-	-	554M
Short Term Debt Repaid, Total	-	-29.3M	-	-	-14.93M
Long-Term Debt Repaid, Total	-4.52M	-4.18M	-3.88M	-12.19M	-24.68M
Total Debt Repaid	-4.52M	-33.48M	-3.88M	-12.19M	-39.61M
Issuance of Common Stock	420M	-	-	9.91M	5.17M
Repurchase of Common Stock	-	-	-	-2.6M	-617K
Other Financing Activities, Total	-386M	-10.94M	-	-8.6M	325M
Cash from Financing	30.78M	-14.43M	-3.88M	-13.49M	844M
Foreign Exchange Rate Adjustments	585K	-342K	-2.6M	-1.21M	-3.35M
Net Change in Cash	-15.07M	327M	-141M	-86.63M	332M
Supplemental Items
Cash Interest Paid	842K	2.3M	4.86M	4.79M	7.42M
Cash Income Tax Paid (Refund)	382K	-43K	20.01M	-9.3M	8.6M
Levered Free Cash Flow	-	119M	20.13M	3.14M	28.65M
Unlevered Free Cash Flow	-	120M	23.38M	6.31M	39.85M
Change In Net Working Capital	-	21.61M	32.92M	-25.08M	-417M
Net Debt Issued / Repaid	-3.65M	-3.48M	-3.88M	-12.19M	515M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	10.63	-5.79	-2.08	-33.19
Return on Total Capital	-	27.79	-9.4	-3.19	-73.79
Return On Equity %	-	38.09	-19.91	-17.41	-196.71
Return on Common Equity	-	38.09	-19.91	-17.41	-196.71
Margin Analysis
Gross Profit Margin %	-12.43	61.19	24.97	21.11	18.98
SG&A Margin	13.86	24.88	31.54	20.27	20.69
EBITDA Margin %	26.71	47.13	0.28	12.86	-146
EBITA Margin %	-31.21	32.37	-18.01	-5.63	-164.38
EBIT Margin %	-31.27	32.33	-18.04	-5.84	-166.78
Income From Continuing Operations Margin %	-29.95	20.94	-18.11	-15.37	-171.29
Net Income Margin %	-29.95	20.94	-18.11	-15.37	-171.29
Net Avail. For Common Margin %	-29.95	20.94	-18.11	-15.37	-171.29
Normalized Net Income Margin	-19.67	20.22	-12.06	-3.43	-106.37
Levered Free Cash Flow Margin	-	30.03	6.04	0.85	8.19
Unlevered Free Cash Flow Margin	-	30.42	7.01	1.71	11.39
Asset Turnover
Asset Turnover	-	0.53	0.51	0.57	0.32
Fixed Assets Turnover	-	2.3	1.53	1.46	1.05
Receivables Turnover (Average Receivables)	-	73.86	24.66	20.56	21.03
Inventory Turnover (Average Inventory)	-	-	-	-	8.69
Short Term Liquidity
Current Ratio	1	8.7	5.16	4.13	0.86
Quick Ratio	0.73	8.15	4.61	3.47	0.46
Operating Cash Flow to Current Liabilities	-0.16	-1.08	-3.64	-3.71	-0.57
Days Sales Outstanding (Average Receivables)	-	4.94	14.8	17.75	17.4
Days Outstanding Inventory (Average Inventory)	-	-	-	-	42.13
Average Days Payable Outstanding	-	24.79	24.45	30.29	33.64
Cash Conversion Cycle (Average Days)	-	-	-	-	25.89
Long Term Solvency
Total Debt/Equity	32.61	32.08	31.49	27.91	103.49
Total Debt / Total Capital	24.59	24.29	23.95	21.82	50.86
LT Debt/Equity	12.15	30.94	20.56	26.32	26.27
Long-Term Debt / Total Capital	9.16	23.43	15.64	20.58	12.91
Total Liabilities / Total Assets	82.9	55.47	51.13	47.99	82.24
EBIT / Interest Expense	-70.81	52.23	-11.56	-4.24	-32.55
EBITDA / Interest Expense	65.32	78.04	1.21	10.63	-28.03
(EBITDA - Capex) / Interest Expense	-109.51	41.41	-10.94	-14.23	-35.13
Total Debt / EBITDA	0.89	0.48	15.9	1.72	-0.57
Net Debt / EBITDA	-0.06	-1.5	-34.7	-2.67	0.39
Total Debt / (EBITDA - Capex)	-0.53	0.91	-1.76	-1.28	-0.45
Net Debt / (EBITDA - Capex)	0.04	-2.83	3.84	1.99	0.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	109.96	111.74	-15.54	10.56	-5.09
Gross Profit, 1 Yr. Growth %	130.2	-1.14K	-65.51	-6.54	-14.66
EBITDA, 1 Yr. Growth %	240.3	273.7	-99.5	4.99K	-1.18K
EBITA, 1 Yr. Growth %	102.69	-319.61	-147.03	-65.4	2.67K
EBIT, 1 Yr. Growth %	102.91	-318.94	-147.16	-64.21	2.61K
Earnings From Cont. Operations, 1 Yr. Growth %	100.09	-248.04	-173.04	-6.15	957.52
Net Income, 1 Yr. Growth %	100.09	-248.04	-173.04	-6.15	957.52
Normalized Net Income, 1 Yr. Growth %	107.62	-317.62	-150.42	-68.52	2.84K
Diluted EPS Before Extra, 1 Yr. Growth %	100.09	-246.6	-173.77	-8.44	750.32
Accounts Receivable, 1 Yr. Growth %	-	324.9	112.45	-4.98	-9.54
Inventory, 1 Yr. Growth %	-	-	-	-	18.65K
Net Property, Plant and Equip., 1 Yr. Growth %	-	53.95	8.84	22.32	40.08
Total Assets, 1 Yr. Growth %	-	-24.18	0.69	-1.85	143.65
Tangible Book Value, 1 Yr. Growth %	-	97.47	10.44	3.07	-51.94
Common Equity, 1 Yr. Growth %	-	97.44	10.5	4.47	-16.83
Cash From Operations, 1 Yr. Growth %	92.88	-51.94	410.88	1.4	128.88
Capital Expenditures, 1 Yr. Growth %	117.05	-37.8	-29.38	99.91	0.69
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-84.36	-84.42	1.29K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-82.04	-73.01	661.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	110.85	33.73	-3.36	2.44
Gross Profit, 2 Yr. CAGR %	-	389.78	89.53	-43.23	-10.69
EBITDA, 2 Yr. CAGR %	-	256.61	-86.32	-49.51	2.24K
EBITA, 2 Yr. CAGR %	-	110.98	1.58	-59.66	209.5
EBIT, 2 Yr. CAGR %	-	110.77	1.57	-58.91	211.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-	72.11	3.99	-17.2	215.04
Net Income, 2 Yr. CAGR %	-	72.11	3.99	-17.2	215.04
Normalized Net Income, 2 Yr. CAGR %	-	112.56	4.7	-60.16	204.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-	71.27	3.99	-17.53	179.03
Accounts Receivable, 2 Yr. CAGR %	-	-	200.45	42.08	-7.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	29.45	15.39	30.9
Total Assets, 2 Yr. CAGR %	-	-	-12.63	-0.59	54.65
Tangible Book Value, 2 Yr. CAGR %	-	-	47.67	6.69	-29.62
Common Equity, 2 Yr. CAGR %	-	-	47.71	7.44	-6.79
Cash From Operations, 2 Yr. CAGR %	-	-3.72	56.69	127.6	52.34
Capital Expenditures, 2 Yr. CAGR %	-	16.19	-33.72	18.82	41.88
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-84.39	19.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-77.98	30.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	55.43	25.51	-3.94
Gross Profit, 3 Yr. CAGR %	-	-	102.22	49.74	-34.97
EBITDA, 3 Yr. CAGR %	-	-	-60.07	-1.62	40.05
EBITA, 3 Yr. CAGR %	-	-	27.89	-29.06	65.16
EBIT, 3 Yr. CAGR %	-	-	27.92	-28.26	66.02
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	29.34	0.49	93.54
Net Income, 3 Yr. CAGR %	-	-	29.34	0.49	93.54
Normalized Net Income, 3 Yr. CAGR %	-	-	31.54	-29.86	67.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	29.34	388.15	79.5
Accounts Receivable, 3 Yr. CAGR %	-	-	-	104.7	22.23
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	27.03	23.09
Total Assets, 3 Yr. CAGR %	-	-	-	-9.17	34.03
Tangible Book Value, 3 Yr. CAGR %	-	-	-	30.99	-18.21
Common Equity, 3 Yr. CAGR %	-	-	-	31.6	-1.35
Cash From Operations, 3 Yr. CAGR %	-	-	67.93	35.53	128.03
Capital Expenditures, 3 Yr. CAGR %	-	-	-1.58	-4.24	12.44
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-39.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-32.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	31.55
Gross Profit, 5 Yr. CAGR %	-	-	-	-	45.83
EBITDA, 5 Yr. CAGR %	-	-	-	-	103.52
EBITA, 5 Yr. CAGR %	-	-	-	-	82.12
EBIT, 5 Yr. CAGR %	-	-	-	-	82.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	84.67
Net Income, 5 Yr. CAGR %	-	-	-	-	84.67
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	83.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	356.35
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	61.51
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	13.92