Financial Snapshot

Revenue
$395.6M
TTM
Gross Margin
20.29%
TTM
Net Earnings
-$72.27M
TTM
Current Assets
$453.4M
Q3 2024
Current Liabilities
$173.6M
Q3 2024
Current Ratio
261.14%
Q3 2024
Total Assets
$1.046B
Q3 2024
Total Liabilities
$525.7M
Q3 2024
Book Value
$520.7M
Q3 2024
Cash
$291.3M
Q3 2024
P/E
-31.10
Nov 29, 2024 EST
Free Cash Flow
-$373.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $368.6M $333.3M $394.7M $186.4M $88.80M
YoY Change 10.56% -15.54% 111.74% 109.9%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $368.6M $333.3M $394.7M $186.4M $88.80M
Cost Of Revenue $290.7M $250.1M $153.3M $209.6M $98.80M
Gross Profit $77.81M $83.25M $241.4M -$23.18M -$10.10M
Gross Profit Margin 21.11% 24.97% 61.17% -12.43% -11.37%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $74.70M $105.1M $98.18M $25.84M $10.70M
YoY Change -28.95% 7.08% 280.04% 141.45%
% of Gross Profit 96.0% 126.29% 40.67%
Research & Development $29.53M $35.43M $29.50M $9.790M $4.700M
YoY Change -16.64% 20.1% 201.34% 108.3%
% of Gross Profit 37.96% 42.56% 12.22%
Depreciation & Amortization $75.54M $66.42M $63.06M $112.0M $47.52M
YoY Change 13.73% 5.34% -43.72% 135.77%
% of Gross Profit 97.09% 79.79% 26.12%
Operating Expenses $104.2M $140.6M $127.7M $35.63M $22.40M
YoY Change -25.85% 10.09% 258.41% 59.04%
Operating Profit -$26.43M -$57.31M $113.7M -$58.80M -$32.50M
YoY Change -53.89% -150.4% -293.4% 80.93%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $1.401M -$4.793M -$3.566M -$244.0K $600.0K
YoY Change -129.23% 34.41% 1361.48% -140.67%
% of Operating Profit -3.14%
Other Income/Expense, Net -$347.0K -$229.0K -$110.0K -$136.0K -$100.0K
YoY Change 51.53% 108.18% -19.12% 36.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$50.97M -$64.77M $130.9M -$63.79M -$30.80M
YoY Change -21.3% -149.48% -305.2% 107.1%
Income Tax $5.685M -$4.400M $48.25M -$7.961M -$2.900M
% Of Pretax Income 36.86%
Net Earnings -$56.66M -$60.37M $82.64M -$55.83M -$27.90M
YoY Change -6.15% -173.04% -248.04% 100.09%
Net Earnings / Revenue -15.37% -18.11% 20.94% -29.95% -31.42%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.51 -$0.54 $0.73 -$0.49 -$0.25

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $144.7M $231.4M $372.1M $44.75M $59.80M
YoY Change -37.44% -37.82% 731.43% -25.16%
Cash & Equivalents $144.7M $231.4M $372.1M $44.75M $59.80M
Short-Term Investments
Other Short-Term Assets $35.22M $9.664M $14.45M $5.840M $1.200M
YoY Change 264.44% -33.12% 147.43% 386.67%
Inventory
Prepaid Expenses
Receivables $17.28M $18.30M $8.238M $419.0K $100.0K
Other Receivables $3.612M $1.154M $2.260M $613.0M $211.1M
Total Short-Term Assets $200.8M $260.5M $397.0M $664.1M $272.2M
YoY Change -22.9% -34.39% -40.21% 143.96%
Property, Plant & Equipment $311.3M $262.0M $208.0M $135.1M $116.4M
YoY Change 18.84% 25.93% 53.95% 16.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $37.78M $60.96M
YoY Change -38.03%
Other Assets $10.53M $16.35M $14.93M $37.44M $24.50M
YoY Change -35.61% 9.5% -60.12% 52.82%
Total Long-Term Assets $438.6M $390.9M $249.9M $189.2M $149.1M
YoY Change 12.18% 56.41% 32.07% 26.92%
Total Assets $639.4M $651.4M $647.0M $853.3M $421.3M
YoY Change
Accounts Payable $54.90M $32.41M $32.89M $8.954M $6.400M
YoY Change 69.43% -1.47% 267.32% 39.91%
Accrued Expenses $9.732M $5.539M $2.108M $1.061M $1.800M
YoY Change 75.7% 162.76% 98.68% -41.06%
Deferred Revenue
YoY Change
Short-Term Debt $22.62M $29.81M $0.00 $0.00 $0.00
YoY Change -24.11%
Long-Term Debt Due $5.288M $4.973M $3.287M $5.105M $4.400M
YoY Change 6.33% 51.29% -35.61% 16.02%
Total Short-Term Liabilities $95.94M $73.70M $48.76M $678.1M $450.8M
YoY Change 30.19% 51.14% -92.81% 50.43%
Long-Term Debt $64.92M $65.45M $89.14M $17.72M $20.90M
YoY Change -0.81% -26.57% 403.0% -15.21%
Other Long-Term Liabilities $144.3M $182.3M $213.4M $11.55M $11.10M
YoY Change -20.82% -14.59% 1747.72% 4.07%
Total Long-Term Liabilities $209.3M $247.7M $302.6M $29.27M $32.00M
YoY Change -15.54% -18.12% 933.65% -8.52%
Total Liabilities $306.8M $333.1M $358.9M $707.4M $482.9M
YoY Change -7.88% -7.2% -49.27% 46.49%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.2477 Billion

About Bitdeer Technologies Group

Bitdeer Technologies Group engages in the cryptocurrency mining industry. The company employs 211 full-time employees The company went IPO on 2021-07-28. The firm is engaged in providing cryptocurrency mining solutions. The company primarily operates three business lines: proprietary mining, hash rate sharing, and hosting. Its Proprietary mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. The company offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. The company offers hash rate subscription plans at fixed price and share mining income with them under certain arrangements. The firm's hosting services offer customers mining machine hosting solutions encompassing deployment, maintenance, and management services for cryptocurrency mining.

Industry: Finance Services Peers: AMTD Digital Inc. Karooooo Ltd. Triterras, Inc.