Bitdeer Technologies Group (BTDR) financial statements
Bitdeer Technologies Group reported revenue of $350M in fiscal 2024, up 17.0% a year over 4 years.
Net income was -$599M and the operating margin -168.6%, against -34.0% in 2020.
The diluted share count fell 99% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bitdeer Technologies Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $186M | $395M | $333M | $369M | $350M |
| Cost of revenue | $210M | $153M | $250M | $291M | $283M |
| Gross profit | -$23M | $241M | $83M | $78M | $66M |
| Research and development | $10M | $30M | $35M | $30M | $77M |
| Selling, general and admin | $6M | $11M | $15M | $12M | $12M |
| Operating income | -$63M | $131M | -$61M | -$52M | -$590M |
| Pre-tax income | -$64M | $131M | -$65M | -$51M | -$602M |
| Income tax | -$8M | $48M | -$4M | $6M | -$2M |
| Net income | -$56M | $83M | -$60M | -$57M | -$599M |
| EPS (diluted) | $0.00 | $0.75 | -$0.56 | -$0.51 | -$4.36 |
| Diluted shares | 12.66B | 111M | 109M | 110M | 137M |
| Gross margin | -12.4% | 61.2% | 25.0% | 21.1% | 19.0% |
| Operating margin | -34.0% | 33.1% | -18.2% | -14.2% | -168.6% |
| Net margin | -30.0% | 20.9% | -18.1% | -15.4% | -171.3% |
Balance sheet
Fiscal years, from Bitdeer Technologies Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash and short-term investments | $45M | $372M | $231M | $145M | $476M |
| Receivables | — | — | — | $17M | $10M |
| Inventory | — | — | — | $346,000 | $65M |
| Total current assets | — | — | — | $260M | $949M |
| Property, plant and equipment | $52M | $103M | $139M | $155M | $251M |
| Goodwill | — | — | — | $0 | $36M |
| Total assets | — | $647M | $651M | $639M | $1.6B |
| Total current liabilities | — | — | — | $121M | $1.1B |
| Long-term debt | — | — | — | $23M | $0 |
| Total liabilities | — | $359M | $333M | $307M | $1.3B |
| Shareholders' equity | $146M | $288M | $318M | $333M | $277M |
| Net debt | -$45M | -$372M | -$231M | -$122M | -$268M |
Cash flow
Fiscal years, from Bitdeer Technologies Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Capital spending | $20M | $63M | $63M | $63M | $119M |
| Stock-based compensation | — | $88M | $91M | $45M | $34M |
| Share buybacks (net) | — | $0 | $0 | -$3M | -$617,000 |
| Net borrowing | $871,000 | $30M | $0 | $412,000 | -$10M |
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What was Bitdeer Technologies Group's revenue in 2024?
$350M in fiscal 2024, from its 10-K filing.
From Bitdeer Technologies Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.