Bitdeer Technologies vs Ncino
Bitdeer Technologies and Ncino are similar in size: $620m and $595m of revenue in their latest fiscal years. Bitdeer Technologies grew faster (77.3% against 10.0%). Bitdeer Technologies kept more of each dollar of sales as profit: a net margin of 10.6% against 0.9%. Ncino carries less debt relative to equity (20.2% against 55.2%).
| Latest fiscal year | Bitdeer TechnologiesBTDR, 2025 | NcinoNCNO, 2026 |
|---|---|---|
| Revenue | $620m | $595m |
| Revenue growth | 77.3% | 10.0% |
| Net income | $65.6m | $5.2m |
| Operating margin | 25.8% | 0.6% |
| Net margin | 10.6% | 0.9% |
| Return on equity | 11.5% | 0.5% |
| Free cash flow | — | $82.6m |
| Cash | $149m | $88.4m |
| Total debt | $479m | $214m |
| Debt to equity | 55.2% | 20.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $125m |
| Employees | — | 1,684 |
| Market value | $1.62bn | $2.39bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 39 (Weak) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 42 sales |