NASDAQ$BTDR
Bitdeer Technologies Group · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
Bitdeer reported Q3 2025 revenue of $169.7M with a net loss of $266.7M and adjusted EBITDA of $43.0M.
Third-quarter revenue rose 173.6% year over year to $169.7 million while gross profit was $40.8 million. The company posted a GAAP net loss of $266.7 million and adjusted EBITDA of $43.0 million versus negative $7.9 million a year ago. Self-mining hash rate reached 41.2 EH/s at the end of October as SEALMINER A3 mass production began.
- Q3 revenue $169.7M (+173.6% YoY); gross profit $40.8M.
- Adjusted EBITDA $43.0M; net loss $266.7M.
- 41.2 EH/s self-mining at Oct 2025; AI cloud strategy accelerating.
- Cash and crypto balance $442.5M at quarter end.
Headline financials
Revenue & EPS history
Bitdeer · Revenue · Quarterly
$170M
Forward guidance
Management highlighted AI cloud power allocation and SEALMINER production; no traditional EPS guide, but cited potential multi-billion AI revenue run-rate under optimistic power deployment scenarios.
Tailwinds
- Adjusted EBITDA turned positive at $43.0M.
- Self-mining hash rate 41.2 EH/s; SEALMINER A3 in mass production.
- AI infrastructure demand through at least 2027.
Headwinds
- GAAP net loss $266.7M including non-cash and fair-value items.
- SEAL04 chip development delayed.
- Crypto price and energy cost volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q3 2025
-2.1%
Avg return
Earnings day
-7.9%
Avg return
5 days after
-17.2%
Avg return
30 days after
25%
2 / 8 earnings
Positive
+11.6%
Q1 2026
Best reaction
-19.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.6% | -3.0% | +35.0% | |
| Q4 2025 | -13.5% | -20.9% | -37.4% | |
| Q3 2025 | -19.7% | -52.2% | -47.8% | |
| Q2 2025 | +7.2% | -0.3% | +26.5% | |
| Q4 2023 | -2.8% | +17.1% | -18.5% | |
| Q2 2024 | +0.0% | +12.5% | -11.5% | |
| Q1 2024 | +0.0% | +0.4% | -21.8% | |
| Q3 2023 | +0.0% | -17.0% | -62.4% |
Discussion
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