Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Bitdeer Technologies Group files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
Revenue
186
395
333
369
350
Cost of revenue
210
153
250
291
283
Gross profit
-23.2
241
83.3
77.8
66.4
Research and development
9.79
29.5
35.4
29.5
76.9
Selling and marketing
5.57
8.45
11.7
8.25
8.04
General and administrative
0.54
2.22
3.12
3.99
4.3
Operating income
-63.4
131
-60.6
-52.2
-590
Pre-tax income
-63.8
131
-64.8
-51
-602
Income tax
-7.96
48.2
-4.4
5.69
-2.44
Net income
-55.8
82.6
-60.4
-56.7
-599
EPS, basic
0.00
0.76
-0.56
-0.51
-4.36
EPS, diluted
0.00
0.75
-0.56
-0.51
-4.36
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
44.8
372
231
145
476
Inventory
0.35
64.9
Total current assets
260
949
Property, plant and equipment
52.2
103
139
155
251
Lease right-of-use assets
58.9
60.1
58.6
69.3
Goodwill
0
35.8
Intangible assets
4.78
83.2
Total assets
647
651
639
1,558
Short-term debt
0
208
Total current liabilities
121
1,100
Lease liabilities
59.7
65.5
64.9
72.7
Total liabilities
359
333
307
1,281
Total debt
29.5
29.8
22.6
Retained earnings
67.2
6.8
-49.9
-649
Shareholders' equity
146
288
318
333
277
Total equity
146
288
318
333
277
Total liabilities and equity
647
651
639
1,558
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
Net income
-55.8
82.6
-60.4
-56.7
-599
Capital expenditures
-19.9
-62.9
-63.2
-63.3
-119
Cash from investing
62.7
395
134
200
113
Debt issued
0.87
30
0
0.41
5.17
Debt repaid
0
0
0
-14.9
Share buybacks
0
0
-2.6
-0.62
Cash from financing
30.8
-14.4
-3.88
-13.5
844
Exchange rate effect
0.59
-0.34
-2.6
-1.21
-3.35
Interest paid
0.84
1.22
2.43
2.18
3.95
Income taxes paid
0.38
0.02
20
1.5
8.6
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $11.51 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
19.0%
Gross profit / revenue.
Operating margin
-168.6%
Operating income / revenue.
Pre-tax margin
-172.0%
Pre-tax income / revenue.
Net margin
-171.3%
Net income / revenue.
Return on equity (ROE)
-196.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-54.5%
Net income / average total assets.
Return on invested capital (ROIC)
-8,640.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
22.0%
Research and development expense / revenue.
Capex / revenue
34.2%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-5.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-3.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-14.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-35.0%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-16.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-1.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
143.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
34.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.86x
Current assets / current liabilities.
Quick ratio
0.43x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.43x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$4.36
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$3.13B
Share price x shares outstanding.
Enterprise value
$2.65B
Market cap + total debt - cash - short-term investments.
P/S
8.94x
Market cap / revenue.
P/B
11.3x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
19.9x
Market cap / tangible book value, when positive.
EV/Sales
7.58x
Enterprise value / revenue.
Earnings yield
-19.2%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was Bitdeer Technologies Group's revenue in fiscal 2024?
Bitdeer Technologies Group reported revenue of $349.8M for fiscal 2024, 5.1% lower than the year before.
Was Bitdeer Technologies Group profitable in fiscal 2024?
No. It reported a net loss of $599.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.