BTCSBTCS
BTCS Inc. (“BTCS” or the “Company”) is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (“DeFi”) activities, primarily on the Ethereum network. 10-K, Item 1
- Headquarters
- Wayne, PA
- CEO
- Charles W. Allen
- Next results
- around Jan 6, 2027
All key numbers (29) From EDGAR
| EPS (ttm) | -2.47 | Sales (ttm) | 16.6M | Net income (ttm) | -124.0M | Sales growth | +305% | EPS growth | - | Sales Q/Q | -11.9% |
| Free cash flow | -7.8M | Gross margin | 26.9% | Oper. margin | - | Net margin | -746.3% | FCF margin | -47.1% | ROE | n/m |
| ROA | -138.9% | R&D / sales | 4.1% | Dividend | - | Debt/Eq | - | Curr. ratio | 2.06 | Cash | 262K |
| Op. cash flow (ttm) | -7.8M | Quick ratio | 2.06 | Stock pay / sales | 4.0% | Shares out. | 52.5M | Shares Y/Y | +2.0% | Book / share | 0.74 |
| Cash / share | 0.01 | Sales / share | 0.32 | Asset turnover | 0.19 | Sales 3Y CAGR | +114% | Sales 5Y CAGR | +179% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Revenue growth sped up to +304.8%+204.1% → +304.8% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
BTCS against Crypto peers
Ten years, side by side → · All 32 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| BTCS BTCS | $16.6M | +305% | 26.9% | -746.3% | - | -47.1% | - |
| UPXI Upexi | $25.0M | +58.1% | 89.5% | -984.3% | - | -84.0% | - |
| DFDV DeFi Development | $15.1M | +442% | 97.8% | - | - | -198.9% | - |
| HSDT Solana Company | $12.1M | - | 95.5% | - | -94.9% | -223.2% | - |
| DJT Trump Media & Technology Group | $6.5M | +1.8% | 54.5% | - | -58.2% | -250.8% | 0.68 |
| TRON Tron Inc. | $5.1M | +10.0% | 25.7% | - | 3.6% | - | - |
Profitability
0 of 4- !Net margin below the peer median-746.3% vs -169.8%
- !Gross margin down over 5 years96.4% → 12.2%
- !Return on equity below 15%-319.3%
- !A profit in 1 of 7 years
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 16.5M Net income -33.4MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
BTCS's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Block chain Infrastructure Revenues | 15.2M | 92.0% | +273% |
| Builder+ | 13.1M | 79.5% | +435% |
| NodeOps | 2.1M | 12.5% | +27.1% |
| DeFi Revenues | 1.3M | 8.0% | - |
| Imperium | 1.3M | 8.0% | - |
10-K 0001493152-26-012916, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 355K | 4K | - | - | - | 1.2M | 1.7M | 1.3M | 4.1M | 16.5M |
| Cost of revenue | 264K | 160 | - | - | - | 268K | 426K | 360K | 3.1M | 14.5M |
| Gross profit | 91K | 4K | - | - | - | 945K | 1.3M | 980K | 946K | 2.0M |
| R&D | - | - | - | - | 45K | 713K | 612K | 687K | 756K | 679K |
| SG&A | 1.3M | 1.6M | 987K | 1.4M | 421K | 1.6M | 1.9M | 1.5M | 1.0M | 1.6M |
| Operating income | -1.5M | -1.6M | -990K | - | - | - | - | - | - | - |
| Interest expense | 7K | - | - | 86K | 403K | - | - | - | - | 1.5M |
| Income tax | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -44.3M | -45.5M | -826K | -1.6M | -2.6M | -16.0M | -15.9M | 7.8M | -1.3M | -33.4M |
| EPS (diluted) | -4.89 | -0.37 | -0.07 | -0.11 | -0.86 | -3.09 | -1.25 | 0.45 | -0.08 | -1.00 |
| Diluted shares | - | - | - | - | - | - | 12.7M | 17.5M | 16.3M | 33.2M |
| Depreciation & amortization | 182K | 1K | 1K | 1K | 1K | 939 | 4K | 5K | 6K | 4K |
| EBITDA | -1.3M | -1.6M | -989K | - | - | - | - | - | - | - |
| Gross margin | 25.7% | 96.4% | - | - | - | 77.9% | 74.8% | 73.1% | 23.2% | 12.2% |
| Operating margin | -410.0% | -35039.6% | - | - | - | - | - | - | - | - |
| Net margin | -12461.6% | -1014834.1% | - | - | - | -1322.8% | -939.0% | 583.6% | -31.2% | -202.2% |
| Revenue growth | - | -98.7% | - | - | - | - | +39.5% | -20.8% | +204% | +305% |
| EPS growth | - | - | - | - | - | - | - | - | -118% | - |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 95K | 303K | 52K | 143K | 524K | 1.4M | 2.1M | 1.5M | 2.0M | 1.5M |
| Short-term investments | - | - | - | - | - | - | 100K | - | - | - |
| Current assets | 95K | 588K | 60K | 420K | 1.6M | 5.5M | 4.1M | 27.0M | 38.1M | 214.0M |
| Property & equipment | - | 1K | 3K | 1K | 230 | 10K | 11K | 10K | 7K | 14K |
| Total assets | 98K | 589K | 63K | 421K | 1.6M | 14.1M | 9.9M | 27.1M | 38.2M | 214.6M |
| Accounts payable | - | - | - | - | - | 51K | 77K | - | - | - |
| Current liabilities | 45.3M | 76K | 319K | 605K | 509K | 2.0M | 586K | 981K | 4.2M | 63.4M |
| Total debt | 45K | - | 200K | - | - | - | - | - | - | - |
| Total liabilities | - | - | - | - | - | - | - | - | 4.2M | 75.2M |
| Shareholders' equity | -45.3M | 513K | -256K | -184K | 1.0M | 12.1M | 14.3M | 26.2M | 34.0M | 139.4M |
| Retained earnings | -69.1M | -114.5M | -115.3M | -117.0M | -119.5M | -135.6M | -151.5M | -138.7M | -139.9M | -173.3M |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -828K | -1.5M | -506K | -1.5M | -3.0M | -4.9M | -777K | -3.6M | -3.5M | -9.8M |
| Capital spending | 15K | 1K | 3K | - | - | 10K | 5K | 5K | 3K | 13K |
| Free cash flow | -843K | -1.5M | -508K | - | - | -4.9M | -782K | -3.6M | -3.5M | -9.8M |
| Stock-based pay (added back) | - | - | - | - | - | 15.5M | 2.6M | 1.3M | 2.4M | 657K |
| Dividends paid | - | - | - | - | - | 0 | 631K | 0 | - | 2.7M |
| Buybacks | - | - | - | - | - | - | - | - | - | 4.0M |
| Debt raised | - | - | - | - | - | - | - | - | - | 122.9M |
| Debt repaid | - | - | - | - | - | - | - | - | - | 61.4M |
| Investing cash flow | 387K | 400 | -3K | -375K | - | -9.5M | -9.0M | 186K | -2.6M | -197.5M |
| Financing cash flow | 412K | 1.7M | 257K | 1.6M | 3.4M | 15.2M | 10.5M | 2.7M | 6.7M | 206.8M |
Stock-based pay and leases
From EDGARFrom SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
Work on BTCS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BTCS/export.csv") into a cell.