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
BTCS and 9 peers, year by year
The 9 Crypto companies closest to BTCS in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| BTCS BTCS | FY2025 | $16.5M | +305% | 12.2% | - | −202.2% | −59.4% | −23.9% | - |
| DFDV DeFi Development | FY2025 | $11.4M | +442% | - | −319.7% | −648.1% | −157.8% | −74.3% | 1.28 |
| HSDT Solana Company | FY2025 | $6.0M | +5.4% | 91.7% | n/m | −679.6% | - | −13.6% | - |
| UPXI Upexi | FY2026 | $25.0M | n/m | 89.5% | −963.5% | −984.3% | −84.0% | n/m | n/m |
| DJT Trump Media & Technology Group | FY2025 | $3.7M | +1.8% | - | n/m | n/m | 385.2% | −43.2% | 0.58 |
| TRON Tron Inc. | FY2025 | $4.7M | +10.0% | 25.3% | −53.1% | −354.6% | - | −8.0% | - |
| ASST Strive | FY2024 | $3.6M | +129% | - | −620.7% | −591.2% | −592.3% | −92.5% | - |
| SUIG SUI Group | FY2025 | $3.9M | +18.1% | - | n/m | n/m | - | −156.8% | - |
| NAKA Nakamoto | FY2025 | $1.8M | −33.0% | - | n/m | n/m | - | −10.2% | - |
| HYPD Hyperion DeFi | FY2025 | $813K | n/m | 62.7% | n/m | n/m | - | −110.4% | 0.39 |
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | $355K | $4K | - | - | - | $1.2M | $1.7M | $1.3M | $4.1M | $16.5M |
| DFDV Dec | - | - | - | - | - | - | $2.2M | $2.0M | $2.1M | $11.4M |
| HSDT Dec | - | - | $478K | $1.5M | $661K | $522K | $787K | $644K | $520K | $6.0M |
| UPXI Jun | - | - | - | - | $7.4M | $24.1M | $23.1M | $36.4M | $26.0M | $15.8M |
| DJT Dec | - | - | - | - | - | - | $1.5M | $4.1M | $3.6M | $3.7M |
| TRON Dec | - | - | - | - | - | - | $6.1M | $5.8M | $4.3M | $4.7M |
| ASST Dec | - | - | - | - | - | $830K | $343K | $277K | $3.6M | - |
| SUIG Dec | - | - | - | - | - | - | - | - | $3.3M | $3.9M |
| NAKA Dec | - | - | - | - | - | - | - | $3.8M | $2.7M | $1.8M |
| HYPD Dec | - | - | - | - | $2.0M | $14.0M | - | $4K | $57K | $813K |
| Peer median | - | - | - | - | $2.0M | $7.4M | $1.8M | $2.9M | $3.3M | $4.3M |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | −29.8% | −98.7% | - | - | - | - | +39.5% | −20.8% | +204% | +305% |
| DFDV Dec | - | - | - | - | - | - | - | −6.9% | +4.8% | +442% |
| HSDT Dec | - | - | - | +213% | −55.8% | −21.0% | +57.8% | −22.2% | −21.3% | +5.4% |
| UPXI Jun | - | - | - | - | - | +225% | +85.0% | +250% | −28.7% | −39.2% |
| DJT Dec | - | - | - | - | - | - | - | +181% | −12.4% | +1.8% |
| TRON Dec | - | - | - | - | - | - | - | −5.2% | −25.2% | +10.0% |
| ASST Dec | - | - | - | - | - | - | −58.6% | −19.3% | +129% | - |
| SUIG Dec | - | - | - | - | - | - | - | - | - | +18.1% |
| NAKA Dec | - | - | - | - | - | - | - | - | −27.8% | −33.0% |
| HYPD Dec | - | - | - | - | - | +600% | - | - | n/m | n/m |
| Peer median | - | - | - | - | - | +225% | +57.8% | −6.0% | −21.3% | +5.4% |
Gross margin, FY2016 to FY2025
Gross profit / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | 25.7% | 96.4% | - | - | - | 77.9% | 74.8% | 73.1% | 23.2% | 12.2% |
| DFDV Dec | - | - | - | - | - | - | - | - | - | - |
| HSDT Dec | - | - | 100.0% | 43.4% | 41.3% | 42.9% | 41.2% | 9.5% | −11.9% | 91.7% |
| UPXI Jun | - | - | - | - | 34.7% | 49.4% | 64.5% | 57.7% | 49.3% | 68.7% |
| DJT Dec | - | - | - | - | - | - | - | - | - | - |
| TRON Dec | - | - | - | - | - | - | 20.3% | 22.9% | 19.8% | 25.3% |
| ASST Dec | - | - | - | - | - | - | - | - | - | - |
| SUIG Dec | - | - | - | - | - | - | - | - | - | - |
| NAKA Dec | - | - | - | - | - | - | - | - | - | - |
| HYPD Dec | - | - | - | - | 60.0% | 88.6% | - | −322.6% | n/m | 62.7% |
| Peer median | - | - | - | - | 41.3% | 49.4% | 41.2% | 16.2% | 19.8% | 65.7% |
Operating margin, FY2016 to FY2025
Operating income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | −410.0% | n/m | - | - | - | - | - | - | - | - |
| DFDV Dec | - | - | - | - | - | - | −80.0% | −170.0% | −143.0% | −319.7% |
| HSDT Dec | - | - | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m |
| UPXI Jun | - | - | - | - | −65.3% | 5.9% | −28.1% | −33.7% | −86.4% | −79.1% |
| DJT Dec | - | - | - | - | - | - | n/m | −386.5% | n/m | n/m |
| TRON Dec | - | - | - | - | - | - | 5.9% | −35.4% | −100.5% | −53.1% |
| ASST Dec | - | - | - | - | - | 1.8% | −188.1% | n/m | −620.7% | - |
| SUIG Dec | - | - | - | - | - | - | - | - | 48.3% | n/m |
| NAKA Dec | - | - | - | - | - | - | - | −43.0% | −123.1% | n/m |
| HYPD Dec | - | - | - | - | −989.5% | −93.0% | - | n/m | n/m | n/m |
| Peer median | - | - | - | - | - | 1.8% | −54.1% | −43.0% | −111.8% | −79.1% |
Net margin, FY2016 to FY2025
Net income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | n/m | n/m | - | - | - | n/m | −939.0% | 583.6% | −31.2% | −202.2% |
| DFDV Dec | - | - | - | - | - | - | −58.7% | −168.4% | −129.9% | −648.1% |
| HSDT Dec | - | - | n/m | −653.8% | n/m | n/m | n/m | n/m | n/m | −679.6% |
| UPXI Jun | - | - | - | - | −72.6% | 12.4% | −8.9% | −48.0% | −91.0% | −86.5% |
| DJT Dec | - | - | - | - | - | - | n/m | n/m | n/m | n/m |
| TRON Dec | - | - | - | - | - | - | 5.4% | −35.7% | −100.6% | −354.6% |
| ASST Dec | - | - | - | - | - | 1.8% | −188.1% | n/m | −591.2% | - |
| SUIG Dec | - | - | - | - | - | - | - | - | 35.4% | n/m |
| NAKA Dec | - | - | - | - | - | - | - | −42.9% | −133.0% | n/m |
| HYPD Dec | - | - | - | - | −988.5% | −91.3% | - | n/m | n/m | n/m |
| Peer median | - | - | - | - | - | 1.8% | −33.8% | −45.5% | −115.3% | −501.3% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | −$843K | −$1.5M | −$508K | - | - | −$4.9M | −$782K | −$3.6M | −$3.5M | −$9.8M |
| DFDV Dec | - | - | - | - | - | - | −$1.0M | −$1.6M | −$2.4M | −$18.0M |
| HSDT Dec | - | −$19.5M | −$20.1M | −$21.3M | −$11.8M | −$13.4M | −$14.3M | −$10.4M | −$11.0M | - |
| UPXI Jun | - | - | - | - | −$6.1M | $1.5M | −$5.6M | −$735K | −$1.0M | −$8.8M |
| DJT Dec | - | - | - | - | - | - | −$24.3M | −$9.7M | −$66.0M | $14.2M |
| TRON Dec | - | - | - | - | - | - | - | - | - | - |
| ASST Dec | - | - | - | - | - | - | - | −$3.8M | −$21.6M | - |
| SUIG Dec | - | - | - | - | - | - | - | - | - | - |
| NAKA Dec | - | - | - | - | - | - | - | −$464K | −$3.1M | - |
| HYPD Dec | −$3.2M | −$4.7M | −$13.1M | −$19.1M | −$6.6M | −$22.1M | −$25.6M | −$26.7M | −$30.3M | - |
| Peer median | - | - | - | - | −$6.6M | −$13.4M | −$14.3M | −$3.8M | −$11.0M | −$8.8M |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | −237.3% | n/m | - | - | - | −401.6% | −46.2% | −266.3% | −86.7% | −59.4% |
| DFDV Dec | - | - | - | - | - | - | −47.6% | −79.7% | −116.2% | −157.8% |
| HSDT Dec | - | - | n/m | n/m | n/m | n/m | n/m | n/m | n/m | - |
| UPXI Jun | - | - | - | - | −82.2% | 6.3% | −24.4% | −2.0% | −4.0% | −55.7% |
| DJT Dec | - | - | - | - | - | - | n/m | −235.7% | n/m | 385.2% |
| TRON Dec | - | - | - | - | - | - | - | - | - | - |
| ASST Dec | - | - | - | - | - | - | - | n/m | −592.3% | - |
| SUIG Dec | - | - | - | - | - | - | - | - | - | - |
| NAKA Dec | - | - | - | - | - | - | - | −12.3% | −113.5% | - |
| HYPD Dec | - | - | - | - | −332.3% | −157.9% | - | n/m | n/m | - |
| Peer median | - | - | - | - | - | - | - | −46.0% | −114.9% | −55.7% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | n/m | n/m | n/m | n/m | n/m | −132.6% | −111.0% | 29.9% | −3.7% | −23.9% |
| DFDV Dec | - | - | - | - | - | - | n/m | −58.0% | −77.9% | −74.3% |
| HSDT Dec | n/m | n/m | n/m | −167.6% | n/m | −161.1% | −172.6% | n/m | n/m | −13.6% |
| UPXI Jun | - | - | - | - | n/m | 14.0% | −7.1% | −62.8% | n/m | −15.2% |
| DJT Dec | - | - | - | - | - | n/m | n/m | n/m | −43.9% | −43.2% |
| TRON Dec | - | - | - | - | - | - | n/m | −49.8% | −82.0% | −8.0% |
| ASST Dec | - | - | - | - | - | 34.5% | n/m | −30.7% | −92.5% | - |
| SUIG Dec | - | - | - | - | - | - | - | - | 5.9% | −156.8% |
| NAKA Dec | - | - | - | - | - | - | - | n/m | −140.9% | −10.2% |
| HYPD Dec | −117.4% | −100.8% | −102.2% | −180.2% | −129.2% | −62.4% | −162.5% | n/m | n/m | −110.4% |
| Peer median | - | - | - | - | - | −24.2% | −162.5% | −53.9% | −79.9% | −29.2% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | n/m | - | n/m | - | - | - | - | - | - | - |
| DFDV Dec | - | - | - | - | - | - | - | - | 0.00 | 1.28 |
| HSDT Dec | - | - | - | - | - | - | - | - | - | - |
| UPXI Jun | - | - | - | - | - | - | - | 1.00 | 0.09 | 0.23 |
| DJT Dec | - | - | - | - | - | - | - | - | - | 0.58 |
| TRON Dec | - | - | - | - | - | - | - | - | - | - |
| ASST Dec | - | - | - | - | - | - | - | - | - | - |
| SUIG Dec | - | - | - | - | - | - | - | - | - | - |
| NAKA Dec | - | - | - | - | - | - | - | n/m | 0.06 | - |
| HYPD Dec | - | - | - | 0.00 | 0.03 | 0.00 | 0.60 | 1.74 | - | 0.39 |
| Peer median | - | - | - | - | - | - | - | - | 0.06 | 0.48 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCS Dec | −$4.89 | −$0.37 | −$0.07 | −$0.11 | −$0.86 | −$3.09 | −$1.25 | $0.45 | −$0.08 | −$1.00 |
| DFDV Dec | - | - | - | - | - | - | −$0.21 | −$0.46 | −$0.28 | −$4.00 |
| HSDT Dec | −$0.12 | −$1.50 | −$1.26 | −$12.99 | −$11.80 | −$7.38 | −$52.13 | −$14.56 | −$3282.26 | −$1.85 |
| UPXI Jun | - | - | - | - | −$10.60 | $4.20 | −$8.60 | −$18.94 | −$23.03 | −$1.73 |
| DJT Dec | - | - | - | - | - | - | $0.58 | −$0.67 | −$2.36 | −$2.80 |
| TRON Dec | - | - | - | - | - | - | $0.05 | −$0.27 | −$0.37 | −$0.16 |
| ASST Dec | - | - | - | - | - | $0.00 | −$0.30 | −$1.85 | −$9.75 | - |
| SUIG Dec | - | - | - | - | - | - | - | - | $0.18 | −$6.59 |
| NAKA Dec | - | - | - | - | - | - | - | −$0.36 | −$0.67 | −$0.26 |
| HYPD Dec | −$1.56 | −$2.19 | −$1.82 | −$1.47 | −$0.94 | −$0.49 | −$0.83 | −$53.15 | −$59.81 | −$9.40 |
| Peer median | - | - | - | - | −$10.60 | −$0.24 | −$0.30 | −$1.26 | −$2.36 | −$2.33 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out BTCS and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
Work on BTCS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
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For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BTCS/export.csv") into a cell.