Ace Digital AS (FRA:ZR9) Total Operating Expense: €0.55 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:ZR9 Ace Digital AS FRA:ZR9
12 GF Score
Price €0.03
! 3 Warning Signs
View Full Analysis

What is Ace Digital AS Total Operating Expense?

Ace Digital AS FRA:ZR9 +3.92% 12 Total Operating Expense is €0.55 Mil as of Dec. 2025. GuruFocus rates FRA:ZR9 with a GF Score™ of 12/100. The stock has 3 warning signs investors should review.

Ace Digital AS's Total Operating Expense for the six months ended in Dec. 2025 was €0.55 Mil. Ace Digital AS's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was €0.55 Mil.

Ace Digital AS Total Operating Expense Related Terms

Ace Digital AS Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Ace Digital AS's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ace Digital AS Total Operating Expense Chart

Ace Digital AS Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Total Operating Expense
0.00 0.00 -0.05 0.55

Ace Digital AS Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Total Operating Expense 0.00 0.00 -0.05 0.55
FRA:ZR9
12GF Score
Ace Digital AS FRA:ZR9
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ace Digital AS Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


For stock reported annually, GuruFocus uses latest annual data as the TTM data. Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was €0.55 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €0.55 Mil mean?
Ace Digital AS (FRA:ZR9) has a Total Operating Expense of €0.55 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ace Digital AS and its competitors.
Is Ace Digital AS's Total Operating Expense too high?
Ace Digital AS's current Total Operating Expense is €0.55 Mil. Overall, Ace Digital AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ace Digital AS's Total Operating Expense compare to MS and GS?
Ace Digital AS's Total Operating Expense of €0.55 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ace Digital AS and its competitors. Ace Digital AS's current Total Operating Expense is €0.55 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Digital AS stock overvalued right now?
Ace Digital AS (FRA:ZR9) has a current Total Operating Expense of €0.55 Mil. The current Total Operating Expense is €0.55 Mil. Ace Digital AS's overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Ace Digital AS (FRA:ZR9), the current Total Operating Expense is €0.55 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ace Digital AS Business Description

Other Exchanges ACED:Norway
Address Haakon VIIs gate 1, Oslo, NOR, 0161
Ace Digital AS is an investment holding company. The company focuses on investing in and managing businesses in the Bitcoin ecosystem. The company's purpose is to be an attractive way to participate in that thesis - through a structure designed to do more than hold Bitcoin passively. It is building a Bitcoin platform. The company uses Bitcoin as a main asset while offering products and services.
12GF Score

Get the complete analysis for FRA:ZR9

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.03
Price