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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 70M | 1.6% |
| Gross Profit | -3.2M | 163.2% |
| Cost of Revenue | 73M | 14.8% |
| Operating expense | -419M | 179.8% |
| Net Income | 409M | 177% |
| EBITDA | -87M | 82.5% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 1.6B | 2.6% |
| Total Liabilities | 804M | 37.3% |
| Total Equity | 795M | 187.3% |
| Shares Outstanding | 229M | 38.2% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -284M | 12.6% |
| Cash from investing | -74M | 0% |
| Cash from financing | 95M | 81.9% |
EPS
Financial Highlights for Bitdeer in Q1 '25
Bitdeer reported a revenue of 70M, which is a 1.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -3.2M, marking a -163.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 73M, a 14.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were -419M, showing a -179.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 409M, showing a 177% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -87M, showing a 82.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Bitdeer faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
