BTDRBitdeer Technologies Group
Is the business good?
Returns not propped up by debt. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
A balanced mix of margins, efficiency, and leverage. ROE 8% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BTDR?
Bitdeer Technologies Group earns 7.6% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 1.4 points below what the capital costs: growth destroys value
- Operating margin
- 26%
Operating margin · Software - Application median 6.9% · fiscal year to FY2025
- Share count, year on year
- −100%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 25%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −34% |
| FY2021 | 33% |
| FY2022 | −18% |
| FY2023 | −14% |
| FY2024 | −169% |
| FY2025 | 26% |
Details›
- Gross marginfiscal year to FY2025
- 9.8%
- Operating marginfiscal year to FY2025
- 26%
- Net marginfiscal year to FY2025
- 11%
- Free cash flow margin
- −318%
- R&D as % of revenue
- 25%
- Revenue, trailing twelve months
- $620M
- Free cash flow, trailing twelve months
- −$1.97B
- Net income, trailing twelve months
- $66M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.6%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
Ranks #33 of 92 by RyuScore