NASDAQ$BTDR
Bitdeer Technologies Group · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Bitdeer reported sharply higher fourth quarter 2025 revenue and returned to profitability, driven by strong self-mining growth and positive Adjusted EBITDA.
Bitdeer generated 224835000 in revenue in Q4 2025, up significantly year over year, with net income of 70542000 and operating income of 109353000. Growth was primarily driven by a surge in self-mining revenue and expanded hash rate deployment, while Adjusted EBITDA turned positive at 31199000.
- Total revenue increased to 224835000, led by self-mining revenue of 168600000.
- Net income reached 70542000 compared to a net loss in the prior year period.
- Adjusted EBITDA was positive at 31199000.
- Total hash rate under management expanded to 71.0 EH/s with 293000 mining machines under management.
Headline financials
Revenue & EPS history
Bitdeer · Revenue · Quarterly
$225M
Forward guidance
The company emphasized its strategic transition toward AI infrastructure and colocation services but did not provide specific quantitative financial guidance for Q1 or full-year 2026.
Tailwinds
- Accelerating transition toward AI infrastructure and colocation services.
- 3.0 GW global power portfolio provides strategic advantage.
- Strong expansion in proprietary hash rate and self-mining capacity.
- Positive Adjusted EBITDA achieved in Q4 2025.
- Significant growth in mining rigs and electrical capacity.
Headwinds
- Gross margin declined to 4.7% from 7.4% year over year.
- Operating expenses increased significantly year over year.
- High electricity and depreciation costs impacted profitability.
- Other operating expenses rose due to Bitcoin collateral fair value changes.
- Net cash used in operating activities was 599537000.
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 Q4 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% |
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