C
Bitdeer Technologies Group — Earnings Quality Grade C
BTDR · Technology
Some red flags
Revenue
$350M
2023
Net Income
-$599M
2023
Gross Margin
19.0%
Free Cash Flow
-$398M
01
Screening Summary
4
Passed
3
Watch
1
Failed
—
M-Score
管理层信号
最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
—
A1DSO Change
Insufficient data
✓
A2AR vs Revenue Growth
AR growth -6.0% vs revenue growth -5.1%
—
A3Revenue vs CFFO
Insufficient data
02
Expense Quality
✓
B1Inventory vs COGS
Inventory growth 18653.8%, COGS data unavailable
—
B2CapEx vs Revenue
Insufficient data
—
B3SG&A Ratio
Insufficient data
✓
B4Gross Margin
Gross margin 19.0%, change -2.1pp. Stable
03
Cash Flow Quality
!
C1CFFO vs Net Income
CFFO/NI = 0.45. Below 1.0
—
C2Free Cash Flow
Insufficient data
—
C3Accruals Ratio
Insufficient data
✓
C4Cash vs Debt
Cash $0.6B covers debt $0.3B
04
Balance Sheet Health
!
D1Goodwill + Intangibles
Goodwill+Intangibles $0.1B = 43% of equity
—
D2Leverage
Insufficient data
—
D3Soft Asset Growth
Insufficient data
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
✗
E1Serial Acquirer FCF
FCF after acquisitions negative for 3 years
!
E2Goodwill Surge
Goodwill+Intangibles surged 2392% YoY
06
Manipulation Score
—
F1Beneish M-Score
Insufficient data
05
Altman Z-Score
-1.77
Distress Zone0 Distress1.102.605.0+ Safe
-0.0967
Liquidity
-0.4166
Cumulative profit
0
Operating efficiency
0.2159
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25