BTC Digital annual gross margin
2020
2021
2022
2023
2024
2025
BTC Digital Gross Margin Growth & History (BTCT)
BTC Digital's gross margin was −22.50% for fiscal 2025.
View full BTC Digital company overviewBTC Digital annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −22.50% | −23.48 pp |
| 2024 | 2024-12-31 | 0.99% | +13.49 pp |
| 2023 | 2023-12-31 | −12.51% | −27.45 pp |
| 2022 | 2022-12-31 | 14.94% | −18.70 pp |
| 2021 | 2021-12-31 | 33.65% | +1.32 pp |
| 2020 | 2020-12-31 | 32.32% | — |
BTC Digital quarterly gross margin
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2024 | 2024-12-31 | 17.36% | +68.63 pp |
| Q3 2024 | 2024-09-30 | −10.20% | +53.82 pp |
| Q2 2024 | 2024-06-30 | −9.19% | −12.84 pp |
| Q1 2024 | 2024-03-31 | −4.83% | +32.99 pp |
| Q4 2023 | 2023-12-31 | −51.27% | — |
| Q3 2023 | 2023-09-30 | −64.02% | — |
| Q2 2023 | 2023-06-30 | 3.65% | — |
| Q1 2023 | 2023-03-31 | −37.82% | — |
BTC Digital gross margin trends
Over the last five reported fiscal years, BTC Digital's gross margin decreased from 32.32% to −22.50%, a change of −54.82 percentage points. The latest reported quarter, Q4 2024, shows 17.36%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review BTC Digital filings at SEC.gov ↗