Bitdeer Technologies Group (BTDR) Key Metrics
BTDR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.10B
- Enterprise value
- $4.84B
- P/E (TTM)
- —
- Forward P/E
- 8.8
- PEG ratio
- —
- Price / sales
- 2.6 10-yr median 3.5
- Price / book
- 3.0 10-yr median 3.6
- EV / EBITDA
- 13.2 10-yr median 22.6
- Dividend yield
- —
- Beta
- 2.56
BTDR key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTDR valuation Price multiples at each fiscal year-end price.
BTDR returns How much profit the business earns on the capital it uses.
BTDR per-share figures Results divided by the shares outstanding at year-end.
BTDR financial health Debt, liquidity and how easily interest is covered.
BTDR efficiency & capital use Working capital cycle and where the cash goes.
BTDR valuation history
BTDR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTDR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTDR cash returned to shareholders
BTDR price vs earnings per share
BTDR key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $2.63B | $2.98B | $1.09B | $1.16B | $1.11B | — | — |
| Enterprise value | $3.64B | $2.75B | $1.02B | $1.03B | $828.8M | — | — |
| P/E ratio | 40.0 | — | — | — | 13.4 | — | — |
| Price / sales | 4.2 | 8.5 | 3.0 | 3.5 | 2.8 | — | — |
| Price / book | 3.0 | 10.8 | 3.3 | 3.6 | 3.8 | — | — |
| EV / sales | 5.9 | 7.8 | 2.8 | 3.1 | 2.1 | — | — |
| EV / EBITDA | 10.8 | — | 34.4 | 149.9 | 4.2 | — | — |
| Earnings yield | 2.5% | −20.1% | −5.2% | −5.2% | 7.5% | — | — |
| Free cash flow yield | −76.4% | −25.2% | −36.5% | −28.6% | −12.8% | — | — |
| Shareholder yield (dividends + buybacks) | 2.5% | 0.0% | 0.2% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $11.21 | $21.67 | $9.86 | $10.42 | $9.96 | — | — |
| Per share | |||||||
| Revenue per share | $2.65 | $2.55 | $3.34 | $3.00 | $3.55 | $1.67 | — |
| Earnings per share | $0.28 | −$4.36 | −$0.51 | −$0.54 | $0.74 | −$0.50 | — |
| Operating cash flow per share | −$7.42 | −$4.53 | −$2.46 | −$2.41 | −$0.47 | −$0.98 | — |
| Free cash flow per share | −$8.56 | −$5.45 | −$3.60 | −$2.98 | −$1.28 | −$2.27 | — |
| Cash per share | $0.75 | $3.78 | $1.46 | $2.08 | $3.34 | $0.46 | — |
| Book value per share | $3.70 | $2.01 | $3.01 | $2.86 | $2.59 | $1.31 | — |
| Tangible book value per share | $3.15 | $1.15 | $2.97 | $2.86 | $2.59 | $1.31 | — |
| Capex per share | $1.14 | $0.93 | $1.14 | $0.57 | $0.80 | $1.29 | — |
| Debt per share | $5.07 | $2.08 | $0.84 | $0.90 | $0.83 | $0.43 | — |
| Shares outstanding | 234.3M | 137.4M | 110.5M | 111.3M | 111.3M | 111.3M | — |
| Change in shares outstanding | +70.5% | +24.4% | −0.7% | 0.0% | 0.0% | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 11.5% | −196.7% | −17.4% | −19.9% | 38.1% | −38.3% | — |
| Return on invested capital (ROIC) | −17.8% | −45.8% | −19.7% | −46.3% | 109.4% | −35.1% | — |
| Return on assets (ROA) | 3.0% | −54.5% | −8.8% | −9.3% | 11.0% | −6.5% | — |
| Return on tangible assets | 2.5% | −41.6% | −8.9% | −9.3% | 12.8% | −6.5% | — |
| Free cash flow margin | −323.5% | −214.2% | −108.0% | −99.4% | −36.0% | −135.8% | −138.4% |
| Income quality (OCF / net income) | −26.51 | — | — | — | −0.63 | — | — |
| Financial health | |||||||
| Total debt | $1.19B | $286.3M | $92.8M | $100.2M | $92.4M | $47.6M | — |
| Cash & short-term investments | $176.7M | $518.8M | $161.1M | $231.4M | $372.1M | $50.9M | — |
| Net debt | $1.01B | −$232.5M | −$68.3M | −$131.1M | −$279.7M | −$3.3M | — |
| Debt / equity | 1.37 | 1.03 | 0.28 | 0.31 | 0.32 | 0.33 | — |
| Debt / assets | 0.42 | 0.18 | 0.15 | 0.15 | 0.14 | 0.06 | — |
| Net debt / EBITDA | 2.99 | — | −2.30 | −19.11 | −1.42 | −0.07 | — |
| Current ratio | 0.91 | 0.57 | 2.15 | 1.44 | 1.64 | 1.00 | — |
| Quick ratio | 0.75 | 0.51 | 2.15 | −0.07 | 1.52 | 1.89 | — |
| Interest coverage | -1.9 | -5.0 | -10.4 | -10.5 | 51.2 | -77.0 | -32.8 |
| Working capital | −$134.0M | −$473.9M | $139.1M | $98.3M | $165.3M | −$614,000 | — |
| Invested capital | $1.88B | $44.1M | $264.3M | $187.2M | $8.4M | $142.6M | — |
| Tangible asset value | $738.6M | $157.5M | $327.8M | $318.0M | $288.0M | $145.8M | — |
| Net current asset value | −$550.1M | −$655.1M | −$46.5M | −$13.5M | $65.3M | −$29.9M | — |
| Graham number | $4.83 | — | — | — | $6.58 | — | — |
| Graham net-net per share | −$6.41 | −$5.17 | −$1.20 | $0.74 | $0.40 | −$8.61 | — |
| Capital allocation | |||||||
| Share buybacks (net) | $65.0M | $617,000 | $2.6M | $0 | $0 | — | — |
| Capex / revenue | 43.2% | 36.4% | 34.3% | 19.0% | 22.7% | 77.2% | 74.7% |
| Capex / depreciation | 1.59 | 1.57 | 1.67 | 0.95 | 1.42 | 1.28 | 1.40 |
| Stock-based compensation / revenue | 6.2% | 9.7% | 12.3% | 27.2% | 22.4% | 5.8% | 0.0% |
| R&D / revenue | 24.8% | 22.0% | 8.0% | 10.6% | 7.5% | 5.3% | 5.3% |
| SG&A / revenue | 14.7% | 20.7% | 20.3% | 31.5% | 22.7% | 13.9% | 12.0% |
| Efficiency | |||||||
| Days sales outstanding | 59.4 | 22.2 | 19.5 | 23.4 | 10.5 | 4.0 | — |
| Days of inventory on hand | 103.4 | 42.0 | 211.1 | 268.0 | -683.6 | -1,054.3 | — |
| Days payables outstanding | 49.4 | 41.2 | 30.3 | 24.5 | 24.8 | 5.3 | — |
| Cash conversion cycle (days) | 113.4 | 23.1 | 200.3 | 266.9 | -697.8 | -1,055.6 | — |
| Receivables turnover | 6.15 | 16.42 | 18.68 | 15.61 | 34.72 | 91.55 | — |
| Payables turnover | 7.39 | 8.86 | 12.05 | 14.93 | 14.73 | 68.44 | — |
| Inventory turnover | 3.53 | 8.69 | 1.73 | 1.36 | — | — | — |
| Asset turnover | 0.28 | 0.32 | 0.57 | 0.51 | 0.53 | 0.22 | — |
| Average receivables | $100.9M | $21.3M | $19.7M | $21.4M | $11.4M | $2.0M | — |
| Average payables | $75.6M | $32.0M | $24.1M | $16.8M | $10.4M | $3.1M | — |
| Average inventory | $158.4M | $32.6M | $168.1M | $183.6M | −$287.0M | −$605.3M | — |
| Intangibles / total assets | 4.6% | 7.6% | 0.7% | 0.0% | 0.0% | 0.0% | — |
Computed from BTDR's annual financial statements (latest annual report filed April 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BTDR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bitdeer Technologies traded at 40.0 times earnings. Bitdeer Technologies earned a return on equity of 11.5% and a return on invested capital of −17.8% in fiscal 2025. It ended the year with $1.2 billion of debt and $176.7 million in cash and short-term investments, net debt of $1.0 billion. It returned $65.0 million to shareholders: $0 in dividends and $65.0 million in share buybacks.
See the BTDR income statement, the BTDR chart for price history, or the BTDR stock overview for the latest quote and news.
BTDR key metrics FAQ
What is Bitdeer Technologies's P/E ratio?
Bitdeer Technologies traded at 40.0 times earnings at the end of fiscal 2025.
What is Bitdeer Technologies's EV/EBITDA?
Bitdeer Technologies's enterprise value was 10.8 times EBITDA at the end of fiscal 2025 (enterprise value $3.6 billion, EBITDA $338.3 million); the current EV/EBITDA is 13.2.
What is Bitdeer Technologies's return on equity?
Bitdeer Technologies's return on equity (ROE) was 11.5% in fiscal 2025: net income of $65.6 million on average shareholders' equity of $572.2 million.
What is Bitdeer Technologies's ROIC?
Bitdeer Technologies's return on invested capital was −17.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bitdeer Technologies have?
Bitdeer Technologies had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.37 and $1.0 billion of net debt (2.99 times EBITDA).
Does Bitdeer Technologies buy back its shares?
Yes. Bitdeer Technologies spent $65.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +70.5% over the year, to 234.3M..
What is Bitdeer Technologies's free cash flow yield?
Bitdeer Technologies generated -$2.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −76.4% on its market value at year-end ($2.6 billion).
What is Bitdeer Technologies's current ratio?
Bitdeer Technologies's current ratio was 0.91 at the end of fiscal 2025: current assets were 0.91 times current liabilities.