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BTCS (BTCS) Financials

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$1.00 +0.01 (+0.89%)
As of 01:09 PM Eastern
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Annual Income Statements for BTCS

Annual Income Statements for BTCS

This table shows BTCS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -10 -83 -45 -0.83 -1.74 -2.56 -21 -16 7.82 -1.27 -33
Consolidated Net Income / (Loss)		 -10 -44 -45 -0.83 -1.64 -2.56 -16 -16 7.82 -1.27 -33
Net Income / (Loss) Continuing Operations		 -10 -83 -86 -0.83 -1.64 -2.56 -16 -16 7.82 -1.27 -33
Total Pre-Tax Income 		-10 -40 -42 -0.83 -1.64 -2.56 -16 -16 7.82 -1.27 -33
Total Operating Income		 -8.20 -1.46 -1.57 -0.99 -1.43 -1.99 -18 -17 -4.32 -1.25 -30
Total Gross Profit		 0.22 0.09 0.00 0.00 0.00 0.00 0.94 1.27 0.98 0.95 2.01
Total Revenue		 0.51 0.36 0.00 0.00 0.00 0.00 1.21 1.69 1.34 4.07 16
Operating Revenue		 0.50 0.36 0.00 - - 0.00 1.21 1.69 1.34 4.07 16
Total Cost of Revenue		 0.29 0.26 0.00 0.00 0.00 0.00 0.27 0.43 0.36 3.13 14
Operating Cost of Revenue		 0.29 0.26 0.00 - - 0.00 0.27 0.43 0.36 3.13 14
Total Operating Expenses		 8.41 1.56 1.57 0.99 1.43 1.99 19 19 5.30 2.19 32
Selling, General & Admin Expense		 8.10 1.31 1.56 0.99 1.42 0.42 1.59 1.92 1.45 1.67 3.22
Marketing Expense		 0.01 0.01 0.01 0.00 0.01 0.01 0.18 0.08 0.01 0.08 0.60
Research & Development Expense		 - - - - 0.00 0.05 0.71 0.61 0.69 0.76 0.68
Other Operating Expenses / (Income)		 0.00 -0.01 - - - 1.51 13 2.81 3.15 -0.32 27
Total Other Income / (Expense), net		 -1.85 -38 -41 0.16 -0.21 -0.57 1.86 1.60 12 -0.03 -3.46
Interest Expense		 0.01 -0.83 -16 0.00 0.09 0.40 2.05 - - 0.00 3.53
Other Income / (Expense), net		 -1.84 -41 -57 0.16 -0.12 -0.17 3.92 1.60 12 -0.03 0.07
Basic Earnings per Share		 - ($4.89) ($0.37) ($0.07) ($0.11) ($0.86) ($3.09) ($1.25) $0.55 ($0.08) ($1.00)
Weighted Average Basic Shares Outstanding		 2.78M 9.06M 123.55M 12.39M 15.89M 2.98M 6.84M 12.73M 14.09M 16.26M 33.19M
Diluted Earnings per Share		 - ($4.89) ($0.37) ($0.07) ($0.11) ($0.86) - ($1.25) $0.45 ($0.08) ($1.00)
Weighted Average Diluted Shares Outstanding		 2.78M 9.06M 123.55M 12.39M 15.89M 2.98M 6.84M 12.73M 17.55M 16.26M 33.19M
Weighted Average Basic & Diluted Shares Outstanding		 2.78M 9.06M 123.55M 12.39M 15.89M 2.98M 6.84M 13.77M 15.69M 20.09M 49.75M

Quarterly Income Statements for BTCS

This table shows BTCS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Consolidated Net Income / (Loss)		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Net Income / (Loss) Continuing Operations		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Total Pre-Tax Income 		-3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Total Operating Income		 -0.65 -0.94 -0.85 -0.93 -1.72 2.25 -17 -4.53 -5.99 -16 -68
Total Gross Profit		 0.23 0.25 0.29 0.39 0.20 0.07 0.12 -0.08 1.09 0.88 1.01
Total Revenue		 0.32 0.33 0.45 0.56 0.74 2.32 1.69 2.77 4.94 7.09 2.15
Operating Revenue		 0.32 0.33 0.45 0.56 0.74 2.32 1.69 2.77 4.94 7.09 2.15
Total Cost of Revenue		 0.08 0.08 0.16 0.17 0.54 2.25 1.57 2.85 3.85 6.21 1.13
Operating Cost of Revenue		 0.08 0.08 0.16 0.17 0.54 2.25 1.57 2.85 3.85 6.21 1.13
Total Operating Expenses		 0.89 1.19 1.14 1.32 1.92 -2.19 18 4.45 7.08 17 69
Selling, General & Admin Expense		 0.28 -0.06 0.49 0.54 0.59 0.06 0.56 0.66 1.50 0.50 0.54
Marketing Expense		 0.00 0.00 0.06 0.03 0.06 -0.06 0.25 0.02 0.26 0.08 0.03
Research & Development Expense		 0.15 0.16 0.15 0.16 0.21 0.23 0.21 0.19 0.15 0.13 0.08
Other Operating Expenses / (Income)		 0.45 1.09 0.45 0.59 1.06 -2.42 17 3.57 5.18 17 68
Impairment Charge		 - - - - - - 0.00 - - - 0.21
Total Other Income / (Expense), net		 -2.63 8.26 13 -5.80 -7.31 -0.01 0.23 8.41 72 -69 -1.55
Interest Expense		 - - - 0.00 0.00 - 0.00 0.22 1.50 - 1.55
Other Income / (Expense), net		 -2.63 8.26 13 -5.80 -7.31 -0.01 0.23 8.63 73 -67 0.00
Basic Earnings per Share		 ($0.23) $0.50 $0.78 ($0.43) ($0.56) $0.13 ($0.86) $0.18 $1.48 ($1.80) ($1.43)
Weighted Average Basic Shares Outstanding		 14.32M 14.09M 15.69M 15.76M 16.16M 16.26M 19.97M 21.26M 44.23M 33.19M 48.23M
Diluted Earnings per Share		 ($0.23) $0.47 $0.63 ($0.43) ($0.56) $0.28 ($0.86) $0.14 $1.30 ($1.58) ($1.43)
Weighted Average Diluted Shares Outstanding		 14.32M 17.55M 19.41M 15.76M 16.16M 16.26M 19.97M 27.94M 50.30M 33.19M 48.23M
Weighted Average Basic & Diluted Shares Outstanding		 14.37M 15.69M 15.71M 16.17M 17.03M 20.09M 21.10M 48.05M 46.84M 49.75M 49.78M

Annual Cash Flow Statements for BTCS

This table details how cash moves in and out of BTCS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.12 -0.03 0.21 -0.25 0.09 0.38 0.88 0.75 -0.69 0.52 -0.45
Net Cash From Operating Activities		 -0.80 -0.83 -1.49 -0.51 -1.50 -2.97 -4.86 -0.78 -3.56 -3.53 -9.78
Net Cash From Continuing Operating Activities		 -0.80 -1.08 -22 -0.51 -1.50 -2.97 -4.86 -0.78 -3.56 -3.53 -9.78
Net Income / (Loss) Continuing Operations		 -10 -44 -45 -0.83 -1.64 -2.56 -16 -16 7.82 -1.27 -33
Consolidated Net Income / (Loss)		 -10 -44 -45 -0.83 -1.64 -2.56 -16 -16 7.82 -1.27 -33
Depreciation Expense		 0.30 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00
Amortization Expense		 - - - 0.00 0.06 0.35 1.87 - - 0.00 1.50
Non-Cash Adjustments To Reconcile Net Income		 8.53 43 25 0.22 -0.23 -0.74 9.84 15 -12 -5.47 21
Changes in Operating Assets and Liabilities, net		 0.42 0.17 -0.74 0.10 0.31 -0.03 -0.52 0.43 0.46 3.21 1.43
Net Cash From Investing Activities		 -3.23 0.39 0.00 -0.00 0.00 0.00 -9.47 -8.97 0.19 -2.63 -197
Net Cash From Continuing Investing Activities		 -3.23 0.39 -0.00 -0.00 0.00 0.00 -9.47 -8.97 0.19 -2.63 -197
Purchase of Property, Plant & Equipment		 -0.55 -0.01 -0.00 -0.00 - 0.00 -0.01 -0.01 -0.01 -0.00 -0.01
Purchase of Investments		 -2.35 - - - - - 0.00 -0.10 - 0.00 -0.50
Sale of Property, Plant & Equipment		 0.01 0.07 - - - - - 0.00 0.00 0.00 0.00
Other Investing Activities, net		 -0.33 0.34 0.00 - - 0.00 -9.46 -8.87 0.19 -2.63 -197
Net Cash From Financing Activities		 4.14 0.41 1.70 0.26 1.59 3.35 15 10 2.69 6.68 207
Net Cash From Continuing Financing Activities		 4.14 0.41 1.70 0.26 1.59 3.35 15 10 2.69 6.68 207
Repayment of Debt		 -0.03 - -0.05 - - 0.00 -2.00 - - 0.00 -62
Repurchase of Common Equity		 -0.00 - - - - - - - - 0.00 -4.00
Payment of Dividends		 - - - - - - 0.00 -0.63 - 0.00 -2.68
Issuance of Debt		 1.48 0.32 0.00 0.20 0.20 1.50 1.00 - - 0.00 123
Issuance of Preferred Equity		 - - 1.75 - - 0.00 1.10 - - 0.00 17
Issuance of Common Equity		 2.70 - - 0.00 1.16 1.85 15 11 2.69 6.68 135
Other Financing Activities, net		 0.00 0.09 0.00 0.06 0.23 0.00 0.40 - - 0.00 0.15
Cash Interest Paid		 - - - 0.00 - - - - - 0.00 1.80

Quarterly Cash Flow Statements for BTCS

This table details how cash moves in and out of BTCS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.19 0.71 -0.79 -0.13 -0.28 1.72 -1.71 0.37 3.85 -2.96 -1.24
Net Cash From Operating Activities		 -0.65 -0.87 -0.77 -0.92 -0.70 -1.14 -1.90 -1.33 -2.80 -3.75 -1.74
Net Cash From Continuing Operating Activities		 -0.65 -0.87 -0.77 -0.92 -0.70 -1.14 -1.90 -1.33 -2.80 -3.75 -1.74
Net Income / (Loss) Continuing Operations		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Consolidated Net Income / (Loss)		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 3.88 66 -86 -69
Depreciation Expense		 0.00 0.00 -13 5.94 7.16 0.00 0.00 -8.79 -74 68 0.00
Amortization Expense		 - - - - - - 0.00 - 0.60 0.74 0.81
Non-Cash Adjustments To Reconcile Net Income		 2.59 -8.58 0.78 -0.60 0.71 -6.36 19 3.12 3.57 9.39 67
Changes in Operating Assets and Liabilities, net		 0.04 0.40 -0.70 0.46 0.48 2.98 -3.72 0.30 1.16 3.68 -0.64
Net Cash From Investing Activities		 0.27 -0.00 -0.02 0.55 -0.00 -3.16 -0.03 -13 -183 -0.66 18
Net Cash From Continuing Investing Activities		 0.27 -0.00 -0.02 0.55 -0.00 -3.16 -0.03 -13 -183 -0.66 18
Purchase of Property, Plant & Equipment		 - - 0.00 - - -0.00 -0.00 -0.00 -0.00 -0.00 0.00
Purchase of Investments		 - - 0.00 - - - -0.25 - -0.15 -0.10 0.00
Sale of Property, Plant & Equipment		 - -0.00 0.00 - - - 0.00 - - - 0.00
Other Investing Activities, net		 0.27 -0.00 -0.02 0.55 -0.00 -3.16 0.22 -13 -183 -0.56 18
Net Cash From Financing Activities		 0.19 1.57 0.00 0.24 0.41 6.03 0.23 15 190 1.46 -18
Net Cash From Continuing Financing Activities		 0.19 1.57 0.00 0.24 0.41 6.03 0.23 15 190 1.46 -18
Repayment of Debt		 - - - - - - 0.00 - -0.01 -60 -18
Issuance of Debt		 - - - - - - 0.00 - 53 65 0.50
Issuance of Common Equity		 0.19 1.57 0.00 0.24 0.41 6.03 0.23 3.85 131 - 0.00
Cash Interest Paid		 - - - - - - 0.00 - 0.24 1.50 0.27

Annual Balance Sheets for BTCS

This table presents BTCS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3.23 0.10 0.59 0.06 0.42 1.55 14 9.92 27 38 215
Total Current Assets		 0.15 0.10 0.59 0.06 0.42 1.55 5.47 4.10 27 38 214
Cash & Equivalents		 0.12 0.10 0.30 0.05 0.14 0.52 1.40 2.15 1.46 1.98 1.53
Prepaid Expenses		 0.01 0.00 0.07 0.01 0.02 0.03 0.32 0.12 0.06 0.06 0.15
Other Current Assets		 0.02 0.00 0.22 0.00 0.25 1.00 3.74 1.83 26 36 212
Plant, Property, & Equipment, net		 0.49 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01
Total Noncurrent Assets		 2.59 0.00 0.00 0.00 0.00 0.00 8.63 5.81 0.10 0.10 0.60
Other Noncurrent Operating Assets		 0.34 0.00 - - - 0.00 8.63 5.81 0.10 0.10 0.60
Total Liabilities & Shareholders' Equity		 3.23 0.10 0.59 0.06 0.42 1.55 14 9.92 27 38 215
Total Liabilities		 6.02 45 0.08 0.32 0.61 0.51 2.00 0.59 0.98 4.25 75
Total Current Liabilities		 6.02 45 0.08 0.32 0.61 0.51 2.00 0.59 0.98 4.25 63
Short-Term Debt		 1.83 3.33 0.00 0.20 0.16 0.13 - - - 0.00 62
Accounts Payable		 0.40 0.77 0.08 0.01 0.03 0.03 0.14 0.08 0.06 0.07 0.04
Accrued Expenses		 - - - 0.10 0.42 0.35 0.01 0.30 0.71 3.91 1.61
Other Current Liabilities		 3.79 41 - - - 0.00 1.85 0.21 0.21 0.27 0.00
Other Current Nonoperating Liabilities		 - - - - - - - - - 0.00 0.23
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12
Long-Term Debt		 - - - - - - - - - 0.00 12
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 -2.79 -45 0.51 -0.26 -0.18 1.04 12 9.33 26 34 139
Total Preferred & Common Equity		 -2.79 -45 0.51 -0.26 -0.18 1.04 12 9.33 26 34 139
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 2.56 2.65 1.98
Total Common Equity		 -2.79 -45 0.51 -0.26 -0.18 1.04 12 9.33 24 31 137
Common Stock		 22 24 115 115 117 121 148 161 162 171 311
Retained Earnings		 -25 -69 -115 -115 -117 -120 -136 -151 -139 -140 -173

Quarterly Balance Sheets for BTCS

This table presents BTCS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 8.92 40 34 27 21 41 299 129
Total Current Assets		 8.90 39 34 26 21 40 298 128
Cash & Equivalents		 0.75 0.67 0.54 0.25 0.27 0.64 4.49 0.28
Prepaid Expenses		 0.11 0.03 0.18 0.38 0.24 0.23 0.15 0.25
Other Current Assets		 7.94 39 33 26 20 29 294 128
Plant, Property, & Equipment, net		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Total Noncurrent Assets		 0.00 0.10 0.10 0.10 0.35 0.35 0.50 0.60
Other Noncurrent Operating Assets		 0.00 0.10 0.10 0.10 0.35 0.35 0.50 0.60
Total Liabilities & Shareholders' Equity		 8.92 40 34 27 21 41 299 129
Total Liabilities		 0.49 0.25 0.71 1.34 0.48 9.74 73 57
Total Current Liabilities		 0.49 0.25 0.71 1.34 0.48 4.94 62 44
Short-Term Debt		 - - - - - 4.00 57 44
Accounts Payable		 0.09 0.03 0.13 0.27 0.12 0.10 0.09 0.02
Accrued Expenses		 0.32 0.01 0.51 1.05 0.31 0.62 1.05 0.25
Other Current Liabilities		 0.07 0.21 0.07 0.02 0.04 0.21 0.86 0.00
Other Current Nonoperating Liabilities		 - - - - - 0.01 0.68 0.22
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 4.80 11 13
Long-Term Debt		 - - - - - 4.80 11 13
Commitments & Contingencies		 - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 8.43 39 33 25 21 31 225 72
Total Preferred & Common Equity		 8.43 39 33 25 21 31 225 72
Preferred Stock		 2.56 2.56 2.56 2.56 2.82 2.82 1.98 1.98
Total Common Equity		 5.87 37 31 23 18 28 223 70
Common Stock		 160 163 164 165 175 182 311 313
Retained Earnings		 -155 -126 -133 -142 -157 -153 -88 -242

Annual Metrics And Ratios for BTCS

This table displays calculated financial ratios and metrics derived from BTCS's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 157,400,545.00 965,756,004.00 245,714,073.00 372,605,986.00 19,564,154.00 36,838,511.00 10,275,258.00 13,077,390.00 14,373,186.00 17,025,282.00 46,838,532.00
DEI Adjusted Shares Outstanding		 159,655,567.00 979,592,050.00 249,234,332.00 377,944,181.00 19,844,443.00 37,366,283.00 10,422,468.00 13,077,390.00 14,373,186.00 17,025,282.00 46,838,532.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.06 -0.08 -0.18 0.00 -0.09 -0.07 -2.03 -1.22 0.54 -0.07 -0.71
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1,224.62% -29.83% -98.74% -100.00% 0.00% 0.00% 0.00% 39.49% -20.85% 204.08% 304.85%
EBITDA Growth		 33.90% -338.18% -36.17% 98.58% -80.39% -20.76% -574.45% -31.03% 149.24% -116.17% -2,138.35%
EBIT Growth		 32.00% -326.95% -35.59% 98.58% -88.10% -38.53% -549.88% -13.56% 149.20% -116.26% -2,246.42%
NOPAT Growth		 43.70% 82.24% -7.79% 36.92% -44.66% -38.67% -801.88% 2.33% 64.75% 79.81% -2,300.96%
Net Income Growth		 31.92% -340.58% -2.71% 98.18% -98.52% -55.80% -527.89% 0.98% 149.20% -116.26% -2,523.83%
EPS Growth		 0.00% 0.00% 92.43% 81.08% -57.14% -681.82% 0.00% 0.00% 136.00% -117.78% -1,150.00%
Operating Cash Flow Growth		 24.95% -4.01% -79.64% 66.03% -196.55% -98.28% -63.53% 84.02% -358.59% 0.90% -177.16%
Free Cash Flow Firm Growth		 76.44% 1,670.32% -215.05% 99.13% -151.73% -134.00% -922.92% 61.36% -150.20% 62.52% -2,347.53%
Invested Capital Growth		 -146,580.87% -1,158.65% 100.50% -151.46% -54.48% 489.87% 1,543.79% -32.87% 243.91% 29.61% 560.35%
Revenue Q/Q Growth		 33.09% -30.37% 38.57% 0.00% 0.00% 0.00% 56.27% -8.93% 4.30% 96.04% 40.70%
EBITDA Q/Q Growth		 40.38% -67.77% 27.56% -130.25% -3,722.27% -947.90% -7.64% -6.57% 980.55% -133.22% -139.50%
EBIT Q/Q Growth		 39.39% -66.69% 27.56% -130.30% 0.00% 0.00% -6.42% -6.57% 975.35% -133.42% -153.11%
NOPAT Q/Q Growth		 46.77% 12.41% -66.60% 59.92% 0.00% 0.00% 0.16% -8.55% -17.05% 80.38% -10.63%
Net Income Q/Q Growth		 39.36% -54.91% 27.70% -62.87% 0.00% 0.00% 1.09% -5.40% 975.35% -133.42% -161.26%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -104.86% 0.00% 0.00% 0.00% 0.00% 0.00% -133.33% -216.28%
Operating Cash Flow Q/Q Growth		 -86.60% 13.38% -33.76% 38.95% -12.12% -46.24% 6.75% 28.52% -6.63% -8.38% -36.39%
Free Cash Flow Firm Q/Q Growth		 67.00% 113.12% -148.11% 94.18% -258.48% -919.45% -5.93% 12.96% -466.91% 62.46% 30.03%
Invested Capital Q/Q Growth		 -20.16% -94.41% 104.37% -13.66% -199.32% 742.38% 23.50% -3.08% 226.07% 28.39% -27.68%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.69% 25.72% 96.43% 0.00% 0.00% 0.00% 77.88% 74.80% 73.14% 23.22% 12.19%
EBITDA Margin		 -1,923.46% -12,010.63% -1,296,757.48% 0.00% 0.00% 0.00% -999.42% -938.80% 584.02% -31.07% -171.76%
Operating Margin		 -1,619.61% -409.98% -35,039.58% 0.00% 0.00% 0.00% -1,476.45% -1,033.76% -322.25% -30.56% -181.26%
EBIT Margin		 -1,982.49% -12,061.87% -1,296,783.57% 0.00% 0.00% 0.00% -1,153.46% -939.04% 583.65% -31.21% -180.86%
Profit (Net Income) Margin		 -1,984.83% -12,461.65% -1,014,834.13% 0.00% 0.00% 0.00% -1,322.82% -939.04% 583.65% -31.21% -202.25%
Tax Burden Percent		 100.00% 111.27% 107.79% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.12% 92.85% 72.60% 100.00% 105.54% 118.70% 114.68% 100.00% 100.00% 100.00% 111.82%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -220.89% -136.94% -27.07% -3.07% -17.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 170.63% 68.58% -700.32% 20.19% -52.67%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -23.27% -11.35% 71.13% -1.15% -21.28%
Return on Equity (ROE)		 722.23% 184.28% 203.25% -641.86% 746.15% -594.77% -244.16% -148.29% 44.05% -4.23% -38.47%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -20,622.55% 0.00% 0.00% -339.19% -397.95% -97.60% -136.96% -28.86% -164.58%
Operating Return on Assets (OROA)		 -572.35% -2,572.57% -16,900.75% 0.00% 0.00% 0.00% -178.80% -132.33% 42.19% -3.89% -23.59%
Return on Assets (ROA)		 -573.03% -2,657.84% -13,226.15% 0.00% 0.00% 0.00% -205.06% -132.33% 42.19% -3.89% -26.38%
Return on Common Equity (ROCE)		 722.80% 184.28% 203.25% -641.41% 746.25% -594.73% -244.16% -148.29% 40.87% -3.86% -37.44%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.74 -1.02 -1.10 -0.69 -1.00 -1.39 -13 -12 -4.32 -0.87 -21
NOPAT Margin		 -1,133.73% -286.98% -24,527.70% 0.00% 0.00% 0.00% -1,033.52% -723.63% -322.25% -21.39% -126.88%
Net Nonoperating Expense Percent (NNEP)		 -1,555.93% 3,221.79% 3,028.84% -171.42% 774.95% -620.99% -391.52% -205.52% 673.25% -23.26% 35.48%
Return On Investment Capital (ROIC_SIMPLE)		 595.46% 2.43% -213.99% 1,237.87% 4,194.21% -118.31% -103.60% -131.25% -16.50% -2.56% -9.84%
Cost of Revenue to Revenue		 57.31% 74.28% 3.57% 0.00% 0.00% 0.00% 22.12% 25.20% 26.86% 76.78% 87.81%
SG&A Expenses to Revenue		 1,599.66% 368.52% 34,929.71% 0.00% 0.00% 0.00% 131.11% 113.22% 108.29% 41.05% 19.52%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 58.74% 36.15% 51.30% 18.55% 4.12%
Operating Expenses to Revenue		 1,662.30% 440.57% 35,136.00% 0.00% 0.00% 0.00% 1,554.33% 1,108.56% 395.39% 53.79% 193.45%
Earnings before Interest and Taxes (EBIT)		 -10 -43 -58 -0.83 -1.55 -2.15 -14 -16 7.82 -1.27 -30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -9.74 -43 -58 -0.83 -1.49 -1.80 -12 -16 7.82 -1.27 -28
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 76.58 0.00 0.00 7.15 2.67 0.88 0.99 1.33 0.90
Price to Tangible Book Value (P/TBV)		 0.00 0.00 76.58 0.00 0.00 7.15 2.67 0.88 0.99 1.33 0.90
Price to Revenue (P/Rev)		 49.75 435.01 8,775.50 0.00 0.00 0.00 26.59 4.87 17.49 10.21 7.50
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.89%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.37% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 185.68 0.00 0.00 10.86 2.88 0.85 0.99 1.32 0.93
Enterprise Value to Revenue (EV/Rev)		 48.67 444.11 8,707.81 0.00 0.00 0.00 25.44 3.60 18.31 10.37 11.97
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.14 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.14 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 4.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.65 -0.07 0.00 -0.78 -0.87 0.13 0.00 0.00 0.00 0.00 0.53
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08
Financial Leverage		 0.20 -0.06 -0.07 -0.60 -0.37 -0.44 -0.14 -0.17 -0.10 -0.06 0.40
Leverage Ratio		 -1.26 -0.07 -0.02 2.53 -1.10 2.30 1.19 1.12 1.04 1.09 1.46
Compound Leverage Factor		 -1.26 -0.06 -0.01 2.53 -1.16 2.73 1.37 1.12 1.04 1.09 1.63
Debt to Total Capital		 -189.48% -7.94% 0.00% -357.19% -668.68% 11.23% 0.00% 0.00% 0.00% 0.00% 34.47%
Short-Term Debt to Total Capital		 -189.48% -7.94% 0.00% -357.19% -668.68% 11.23% 0.00% 0.00% 0.00% 0.00% 28.91%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.01% -0.05% -0.12% 0.00% 0.00% 0.00% 9.80% 7.78% 0.93%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 289.48% 107.94% 99.97% 457.24% 768.80% 88.77% 100.00% 100.00% 90.20% 92.22% 64.60%
Debt to EBITDA		 -0.19 -0.08 0.00 -0.24 -0.11 -0.07 0.00 0.00 0.00 0.00 -2.59
Net Debt to EBITDA		 0.06 -0.08 0.00 -0.18 -0.01 0.22 0.00 0.00 0.00 0.00 -2.54
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.42
Debt to NOPAT		 -0.32 -3.26 0.00 -0.29 -0.16 -0.09 0.00 0.00 0.00 0.00 -3.51
Net Debt to NOPAT		 0.10 -3.17 0.00 -0.21 -0.02 0.28 0.00 0.00 0.00 0.00 -3.43
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.57
Altman Z-Score		 -20.49 -2,975.50 -285.82 -2,588.26 -400.08 -102.81 -6.67 -17.65 9.33 1.81 0.32
Noncontrolling Interest Sharing Ratio		 -0.08% 0.00% 0.00% 0.07% -0.01% 0.01% 0.00% 0.00% 7.22% 8.66% 2.67%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.03 0.00 7.74 0.19 0.69 3.05 2.74 6.99 27.56 8.98 3.38
Quick Ratio		 0.02 0.00 3.99 0.16 0.24 1.03 0.70 3.66 1.49 0.47 0.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.40 38 -43 -0.37 -0.94 -2.21 -23 -8.73 -22 -8.19 -200
Operating Cash Flow to CapEx		 -146.21% 0.00% -100,219.12% -19,461.86% 0.00% 0.00% -46,341.20% -14,363.48% -81,478.66% -133,312.24% -88,872.22%
Free Cash Flow to Firm to Interest Expense		 -202.02 0.00 0.00 0.00 -10.96 -5.48 -10.99 0.00 0.00 0.00 -56.82
Operating Cash Flow to Interest Expense		 -67.10 0.00 0.00 0.00 -17.41 -7.38 -2.37 0.00 0.00 0.00 -2.77
Operating Cash Flow Less CapEx to Interest Expense		 -112.99 0.00 0.00 0.00 -17.41 -7.38 -2.37 0.00 0.00 0.00 -2.78
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.29 0.21 0.01 0.00 0.00 0.00 0.16 0.14 0.07 0.12 0.13
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.49 0.00 0.00 0.00 0.00 0.00 242.34 161.69 123.80 454.15 1,510.29
Accounts Payable Turnover		 0.87 0.45 0.00 0.00 0.00 0.00 3.25 3.96 5.46 49.84 265.79
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 420.60 811.26 965,532.22 0.00 0.00 0.00 112.22 92.20 66.85 7.32 1.37
Cash Conversion Cycle (CCC)		 -420.60 -811.26 -965,532.22 0.00 0.00 0.00 -112.22 -92.20 -66.85 -7.32 -1.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.34 -42 0.21 -0.11 -0.17 0.65 11 7.18 25 32 211
Invested Capital Turnover		 -0.30 -0.02 0.00 0.00 0.00 0.00 0.21 0.19 0.08 0.14 0.14
Increase / (Decrease) in Invested Capital		 -3.34 -39 42 -0.32 -0.06 0.82 10 -3.52 18 7.31 179
Enterprise Value (EV)		 25 158 39 9.09 1.35 7.07 31 6.09 25 42 197
Market Capitalization		 25 155 39 8.94 1.33 7.46 32 8.24 23 42 124
Book Value per Share		 ($0.02) ($0.05) $0.00 $0.00 ($0.01) $0.03 $1.18 $0.71 $1.64 $1.84 $2.93
Tangible Book Value per Share		 ($0.02) ($0.05) $0.00 $0.00 ($0.01) $0.03 $1.18 $0.71 $1.64 $1.84 $2.93
Total Capital		 -0.96 -42 0.51 -0.06 -0.02 1.18 12 9.33 26 34 213
Total Debt		 1.83 3.33 0.00 0.20 0.16 0.13 0.00 0.00 0.00 0.00 73
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12
Net Debt		 -0.55 3.23 -0.30 0.15 0.02 -0.39 -1.40 -2.15 -1.46 -1.98 72
Capital Expenditures (CapEx)		 0.54 -0.05 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.17 -42 0.21 -0.11 -0.17 0.65 2.07 1.36 25 32 211
Debt-free Net Working Capital (DFNWC)		 -4.05 -42 0.51 -0.06 -0.03 1.17 3.47 3.51 26 34 212
Net Working Capital (NWC)		 -5.87 -45 0.51 -0.26 -0.19 1.04 3.47 3.51 26 34 151
Net Nonoperating Expense (NNE)		 4.31 43 44 0.13 0.64 1.17 3.51 3.65 -12 0.40 12
Net Nonoperating Obligations (NNO)		 -0.55 3.23 -0.30 0.15 0.02 -0.39 -1.40 -2.15 -1.46 -1.98 72
Total Depreciation and Amortization (D&A)		 0.30 0.18 0.00 0.00 0.07 0.36 1.87 0.00 0.01 0.01 1.50
Debt-free, Cash-free Net Working Capital to Revenue		 -823.94% -11,829.67% 4,662.01% 0.00% 0.00% 0.00% 170.37% 80.63% 1,836.10% 783.47% 1,277.13%
Debt-free Net Working Capital to Revenue		 -799.33% -11,802.91% 11,432.86% 0.00% 0.00% 0.00% 285.83% 207.47% 1,944.97% 832.02% 1,286.38%
Net Working Capital to Revenue		 -1,160.10% -12,739.82% 11,432.86% 0.00% 0.00% 0.00% 285.83% 207.47% 1,944.97% 832.02% 913.46%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) $0.00 ($0.35) $0.00 $0.00 ($0.09) ($3.05) ($1.25) $0.55 ($0.08) ($1.00)
Adjusted Weighted Average Basic Shares Outstanding		 159.74M 9.19M 373.49M 392.83M 0.00 45.05M 12.73M 12.73M 14.09M 16.26M 33.19M
Adjusted Diluted Earnings per Share		 ($0.06) $0.00 ($0.35) $0.00 $0.00 ($0.09) ($3.05) $0.00 $0.55 ($0.08) ($1.00)
Adjusted Weighted Average Diluted Shares Outstanding		 159.74M 9.19M 373.49M 392.83M 0.00 45.05M 12.73M 13.77M 14.09M 16.26M 33.19M
Adjusted Basic & Diluted Earnings per Share		 ($0.06) $0.00 ($0.35) $0.00 $0.00 ($0.09) ($3.05) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 169.04M 9.19M 125.32M 376.89M 0.00 30.26M 6.94M 13.77M 15.69M 20.09M 49.75M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.74 -0.85 -1.10 -0.69 -1.00 -1.39 -9.85 -2.90 -3.02 -0.87 -21
Normalized NOPAT Margin		 -1,133.73% -240.36% -24,527.70% 0.00% 0.00% 0.00% -811.63% -171.52% -225.57% -21.39% -126.88%
Pre Tax Income Margin		 -1,984.83% -11,199.68% -941,451.72% 0.00% 0.00% 0.00% -1,322.82% -939.04% 583.65% -31.21% -202.25%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -845.35 0.00 0.00 0.00 -18.05 -5.35 -6.81 0.00 0.00 0.00 -8.46
NOPAT to Interest Expense		 -483.43 0.00 0.00 0.00 -11.64 -3.45 -6.10 0.00 0.00 0.00 -5.93
EBIT Less CapEx to Interest Expense		 -891.24 0.00 0.00 0.00 -18.05 -5.35 -6.82 0.00 0.00 0.00 -8.46
NOPAT Less CapEx to Interest Expense		 -529.32 0.00 0.00 0.00 -11.64 -3.45 -6.11 0.00 0.00 0.00 -5.94
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -3.97% 0.00% 0.00% -8.04%
Augmented Payout Ratio		 -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -3.97% 0.00% 0.00% -20.03%

Quarterly Metrics And Ratios for BTCS

This table displays calculated financial ratios and metrics derived from BTCS's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 14,333,292.00 14,373,186.00 15,691,209.00 15,705,415.00 16,174,923.00 17,025,282.00 20,087,981.00 21,095,390.00 48,052,778.00 46,838,532.00 49,754,240.00
DEI Adjusted Shares Outstanding		 14,333,292.00 14,373,186.00 15,691,209.00 15,705,415.00 16,174,923.00 17,025,282.00 20,087,981.00 21,095,390.00 48,052,778.00 46,838,532.00 49,754,240.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.23 0.51 0.78 -0.43 -0.56 0.13 -0.86 0.18 1.36 -1.83 -1.39
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.12% 20.39% 44.90% 45.48% 133.73% 611.93% 274.17% 393.98% 568.13% 205.45% 27.14%
EBITDA Growth		 -218.95% 624.13% -117.01% 33.47% 42.76% -69.37% -1,944.53% -499.26% -221.20% -769.86% -286.87%
EBIT Growth		 -218.72% 623.58% 146.84% -471.10% -175.30% -69.38% -240.89% 160.94% 842.11% -3,838.72% -291.56%
NOPAT Growth		 40.58% 28.86% 18.86% 44.67% -163.52% 338.64% -1,347.34% -597.77% -396.27% -609.86% -286.52%
Net Income Growth		 -218.72% 623.58% 146.84% -471.10% -175.30% -69.38% -240.89% 157.69% 825.56% -3,919.60% -300.52%
EPS Growth		 -187.50% 0.00% 117.24% -437.50% -143.48% -40.43% -236.51% 132.56% 332.14% -664.29% -66.28%
Operating Cash Flow Growth		 17.00% -34.22% 31.71% -0.50% -7.30% -31.42% -147.38% -44.26% -302.24% -228.60% 8.44%
Free Cash Flow Firm Growth		 -229.14% -942.82% -551.91% -1,559.88% -2,883.01% 72.59% 119.01% 56.38% -1,372.29% -3,671.84% -2,651.29%
Invested Capital Growth		 2.22% 243.91% 420.96% 330.23% 229.16% 29.61% -47.48% 20.45% 1,072.25% 560.35% 533.22%
Revenue Q/Q Growth		 -18.02% 3.13% 38.41% 24.33% 31.71% 214.11% -27.26% 64.14% 78.14% 43.61% -69.72%
EBITDA Q/Q Growth		 -178.90% 322.90% -111.54% 7.29% -139.96% 219.27% -870.50% -71.44% -28.62% -148.75% -344.99%
EBIT Q/Q Growth		 -178.73% 322.77% 67.56% -154.89% -34.36% 124.78% -870.96% 123.74% 1,536.28% -224.83% 19.26%
NOPAT Q/Q Growth		 60.94% -106.05% 10.38% 23.30% -86.06% 286.60% -643.55% -118.31% -32.33% -91.71% -312.05%
Net Income Q/Q Growth		 -178.73% 322.77% 67.56% -154.89% -34.36% 124.78% -870.96% 122.48% 1,589.77% -230.44% 19.16%
EPS Q/Q Growth		 -187.50% 304.35% 34.04% -168.25% -30.23% 150.00% -407.14% 116.28% 828.57% -221.54% 9.49%
Operating Cash Flow Q/Q Growth		 29.54% -34.11% 11.49% -20.16% 24.77% -64.24% -66.62% 29.93% -109.77% -34.17% 53.58%
Free Cash Flow Firm Q/Q Growth		 59.72% -2,866.27% -73.61% 19.99% 27.61% 72.74% 220.42% -168.79% -2,343.38% 30.17% 18.55%
Invested Capital Q/Q Growth		 0.07% 226.07% 56.35% -15.67% -23.44% 28.39% -36.64% 93.40% 645.12% -27.68% -39.24%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 73.72% 75.15% 64.42% 69.91% 26.50% 2.89% 7.12% -2.92% 22.03% 12.45% 47.23%
EBITDA Margin		 -1,037.92% 2,243.43% -187.11% -139.53% -254.21% 96.53% -1,022.41% -169.27% -122.21% -211.68% -3,110.96%
Operating Margin		 -206.97% -289.48% -187.44% -165.19% -233.35% 97.03% -1,035.79% -163.34% -121.33% -231.38% -3,148.79%
EBIT Margin		 -1,038.31% 2,242.96% 2,715.32% -1,198.85% -1,222.99% 96.47% -1,022.46% 147.89% 1,358.41% -1,180.83% -3,148.79%
Profit (Net Income) Margin		 -1,038.31% 2,242.96% 2,715.32% -1,198.85% -1,222.99% 96.47% -1,022.46% 140.02% 1,328.11% -1,206.37% -3,220.87%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.09% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 94.59% 97.77% 102.16% 102.29%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -24.83% -24.32% -12.05% -9.53% -20.87% 13.94% -130.72% -34.22% -8.96% -21.94% -502.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 126.17% -482.50% -1,195.85% 759.91% 1,393.30% 14.69% 937.41% 186.16% 205.62% -233.37% -580.13%
Return on Net Nonoperating Assets (RNNOA)		 -25.21% 49.00% 54.85% -28.77% -45.90% -0.84% -14.73% 22.14% 54.74% -94.29% -351.19%
Return on Equity (ROE)		 -50.03% 24.68% 42.81% -38.31% -66.77% 13.10% -145.45% -12.08% 45.78% -116.23% -853.48%
Cash Return on Invested Capital (CROIC)		 -51.40% -136.96% -153.48% -141.36% -134.11% -28.86% 19.74% -47.11% -180.48% -164.58% -220.75%
Operating Return on Assets (OROA)		 -131.73% 162.14% 163.81% -91.77% -143.37% 12.02% -179.27% 29.81% 97.87% -154.02% -711.34%
Return on Assets (ROA)		 -131.73% 162.14% 163.81% -91.77% -143.37% 12.02% -179.27% 28.22% 95.68% -157.35% -727.63%
Return on Common Equity (ROCE)		 -43.20% 22.90% 40.53% -33.60% -56.60% 11.96% -132.37% -11.07% 44.95% -113.13% -809.33%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.46 -0.94 -0.85 -0.65 -1.21 2.25 -12 -4.53 -5.99 -11 -47
NOPAT Margin		 -144.88% -289.48% -187.44% -115.63% -163.35% 97.03% -725.05% -163.34% -121.33% -161.97% -2,204.16%
Net Nonoperating Expense Percent (NNEP)		 -151.00% 458.18% 1,183.81% -769.44% -1,414.17% -0.76% -1,068.13% -220.38% -214.58% 211.43% 77.84%
Return On Investment Capital (ROIC_SIMPLE)		 -5.43% -3.61% -2.15% -1.96% -4.79% 6.63% -59.57% -11.36% -2.05% -5.40% -36.82%
Cost of Revenue to Revenue		 26.28% 24.85% 35.58% 30.09% 73.50% 97.11% 92.88% 102.92% 77.97% 87.55% 52.77%
SG&A Expenses to Revenue		 89.56% -18.37% 108.02% 96.04% 79.40% 2.53% 33.06% 23.80% 30.33% 7.11% 25.09%
R&D to Revenue		 46.97% 47.91% 32.47% 29.18% 28.86% 10.00% 12.39% 6.98% 2.95% 1.85% 3.75%
Operating Expenses to Revenue		 280.69% 364.63% 251.86% 235.10% 259.85% -94.15% 1,042.91% 160.42% 143.36% 243.83% 3,196.03%
Earnings before Interest and Taxes (EBIT)		 -3.28 7.31 12 -6.73 -9.04 2.24 -17 4.10 67 -84 -68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.28 7.32 -0.84 -0.78 -1.88 2.24 -17 -4.69 -6.04 -15 -67
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.29 0.99 0.75 0.71 0.82 1.33 1.68 1.64 1.04 0.90 0.99
Price to Tangible Book Value (P/TBV)		 2.29 0.99 0.75 0.71 0.82 1.33 1.68 1.64 1.04 0.90 0.99
Price to Revenue (P/Rev)		 10.48 17.49 18.67 13.10 8.93 10.21 5.61 6.17 19.80 7.50 4.08
Price to Earnings (P/E)		 0.00 3.00 1.83 2.27 4.88 0.00 0.00 0.00 4.26 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.04% 1.89% 3.60%
Earnings Yield		 0.00% 33.37% 54.71% 44.11% 20.50% 0.00% 0.00% 0.00% 23.46% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.00 0.99 0.76 0.73 0.84 1.32 1.59 1.46 1.02 0.93 0.99
Enterprise Value to Revenue (EV/Rev)		 11.81 18.31 19.95 14.32 10.04 10.37 6.09 7.63 25.35 11.97 7.51
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 3.14 14.66 9.85 5.48 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 3.14 1.95 2.48 5.49 0.00 0.00 0.00 5.29 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 5.56 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.30 0.53 0.78
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.05 0.08 0.18
Financial Leverage		 -0.20 -0.10 -0.05 -0.04 -0.03 -0.06 -0.02 0.12 0.27 0.40 0.61
Leverage Ratio		 1.08 1.04 1.02 1.04 1.05 1.09 1.01 1.16 1.30 1.46 1.62
Compound Leverage Factor		 1.08 1.04 1.02 1.04 1.05 1.09 1.01 1.10 1.27 1.49 1.66
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.07% 23.07% 34.47% 43.90%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.03% 19.28% 28.91% 34.06%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.04% 3.79% 5.57% 9.84%
Preferred Equity to Total Capital		 30.36% 9.80% 6.52% 7.74% 10.18% 7.78% 13.71% 7.07% 0.67% 0.93% 1.54%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 69.64% 90.20% 93.48% 92.26% 89.82% 92.22% 86.29% 70.86% 76.25% 64.60% 54.56%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.25 -5.72 -2.59 -0.72
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.15 -5.34 -2.54 -0.72
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.68 -0.94 -0.42 -0.16
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.86 -3.57 -3.51 -1.01
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.80 -3.34 -3.43 -1.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.47 -0.59 -0.57 -0.23
Altman Z-Score		 -7.56 9.27 65.03 13.35 0.91 2.12 25.78 -0.84 3.21 -0.51 -2.72
Noncontrolling Interest Sharing Ratio		 13.66% 7.22% 5.31% 12.28% 15.24% 8.66% 8.99% 8.39% 1.81% 2.67% 5.17%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 18.36 27.56 160.08 47.45 19.76 8.98 43.43 8.19 4.78 3.38 2.90
Quick Ratio		 1.76 1.49 2.72 0.76 0.19 0.47 0.57 2.32 0.07 0.02 0.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.62 -18 -32 -26 -19 -5.06 6.10 -11 -273 -191 -156
Operating Cash Flow to CapEx		 0.00% -86,884,200.00% 0.00% 0.00% 0.00% -43,119.41% 0.00% -76,133.47% -61,110.86% -79,206.16% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -50.43 -182.71 0.00 -100.47
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -6.01 -1.87 0.00 -1.13
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -6.02 -1.87 0.00 -1.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.07 0.06 0.08 0.12 0.12 0.18 0.20 0.07 0.13 0.23
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 105.58 123.80 155.79 202.64 230.67 454.15 684.86 1,011.92 1,375.51 1,510.29 1,750.31
Accounts Payable Turnover		 3.97 5.46 12.87 3.09 5.31 49.84 61.50 61.85 59.53 265.79 202.15
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 92.04 66.85 28.37 117.94 68.78 7.32 5.94 5.90 6.13 1.37 1.81
Cash Conversion Cycle (CCC)		 -92.04 -66.85 -28.37 -117.94 -68.78 -7.32 -5.94 -5.90 -6.13 -1.37 -1.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7.58 25 39 33 25 32 20 39 292 211 128
Invested Capital Turnover		 0.17 0.08 0.06 0.08 0.13 0.14 0.18 0.21 0.07 0.14 0.23
Increase / (Decrease) in Invested Capital		 0.16 18 31 25 17 7.31 -18 6.66 267 179 108
Enterprise Value (EV)		 15 25 30 24 21 42 32 57 297 197 127
Market Capitalization		 13 23 28 22 19 42 30 46 232 124 69
Book Value per Share		 $0.41 $1.64 $2.34 $1.95 $1.40 $1.84 $0.88 $1.34 $4.65 $2.93 $1.41
Tangible Book Value per Share		 $0.41 $1.64 $2.34 $1.95 $1.40 $1.84 $0.88 $1.34 $4.65 $2.93 $1.41
Total Capital		 8.43 26 39 33 25 34 21 40 293 213 129
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.80 68 73 56
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.80 11 12 13
Net Debt		 -0.85 -1.46 -0.67 -0.54 -0.25 -1.98 -0.27 8.16 63 72 56
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 7.57 25 39 32 25 32 20 39 288 211 128
Debt-free Net Working Capital (DFNWC)		 8.42 26 39 33 25 34 20 40 292 212 128
Net Working Capital (NWC)		 8.42 26 39 33 25 34 20 36 236 151 84
Net Nonoperating Expense (NNE)		 2.83 -8.26 -13 6.08 7.83 0.01 5.02 -8.41 -72 74 22
Net Nonoperating Obligations (NNO)		 -0.85 -1.46 -0.67 -0.54 -0.25 -1.98 -0.27 8.17 67 72 56
Total Depreciation and Amortization (D&A)		 0.00 0.00 -13 5.94 7.16 0.00 0.00 -8.79 -73 69 0.81
Debt-free, Cash-free Net Working Capital to Revenue		 589.02% 1,836.10% 2,603.63% 1,961.92% 1,195.24% 783.47% 375.29% 516.81% 2,457.10% 1,277.13% 753.04%
Debt-free Net Working Capital to Revenue		 655.45% 1,944.97% 2,648.95% 1,994.35% 1,207.48% 832.02% 380.38% 525.31% 2,495.37% 1,286.38% 754.72%
Net Working Capital to Revenue		 655.45% 1,944.97% 2,648.95% 1,994.35% 1,207.48% 832.02% 380.38% 472.13% 2,013.35% 913.46% 496.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.04) $0.50 $0.78 ($0.43) ($0.56) $0.13 ($0.86) $0.18 $1.48 ($1.80) ($1.43)
Adjusted Weighted Average Basic Shares Outstanding		 14.32M 14.09M 15.69M 15.76M 16.16M 16.26M 19.97M 21.26M 44.23M 33.19M 48.23M
Adjusted Diluted Earnings per Share		 ($0.04) $0.47 $0.63 ($0.43) ($0.56) $0.28 ($0.86) $0.14 $1.30 ($1.58) ($1.43)
Adjusted Weighted Average Diluted Shares Outstanding		 14.32M 17.55M 19.41M 15.76M 16.16M 16.26M 19.97M 27.94M 50.30M 33.19M 48.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.37M 15.69M 15.71M 16.17M 17.03M 20.09M 21.10M 48.05M 46.84M 49.75M 49.78M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.46 -0.66 -0.59 -0.65 -1.21 1.58 -12 -3.17 -4.19 -11 -47
Normalized NOPAT Margin		 -144.88% -202.64% -131.21% -115.63% -163.35% 67.92% -725.05% -114.34% -84.93% -161.97% -2,197.31%
Pre Tax Income Margin		 -1,038.31% 2,242.96% 2,715.32% -1,198.85% -1,222.99% 96.47% -1,022.46% 139.89% 1,328.11% -1,206.32% -3,220.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.48 44.83 0.00 -43.68
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20.41 -4.00 0.00 -30.58
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.47 44.82 0.00 -43.68
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20.41 -4.01 0.00 -30.58
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.04% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -20.03% 0.00%

Financials Breakdown Chart

Key Financial Trends

BTCS showed a dramatic rebound in Q1 2026 revenue, but profitability and cash flow remain highly volatile. The company generated $2.15 million in revenue in Q1 2026, up sharply from $1.69 million in Q1 2025. However, a very large $67.8 million other operating expense drove the quarter to a $69.2 million net loss. While the core revenue line improved, the bottom line was weighed down by non-recurring or non-core charges.

From a multi-year perspective, BTCS has been inconsistent. Revenue has generally grown year over year in several recent quarters, but earnings have swung widely between profit and loss. The company posted a strong quarter in Q3 2025, with $65.6 million in net income, but that result was not representative of the broader trend. More recently, Q4 2025 and Q1 2026 returned to large losses, suggesting that earnings quality and consistency remain key concerns.

  • Q1 2026 revenue increased to $2.15 million, up from $1.69 million in Q1 2025.
  • Gross profit improved year over year in Q1 2026 to $1.01 million, versus $120,276 in Q1 2025.
  • Operating expenses outside the large “other operating” line were relatively controlled in Q1 2026, with SG&A, marketing, and R&D totaling under $650,000.
  • BTCS ended Q1 2026 with $70.1 million in total common equity, indicating a materially larger equity base than a year earlier.
  • The balance sheet showed $128.4 million in current assets, suggesting meaningful liquidity and asset support.
  • Q1 2026 operating cash flow was negative at -$1.74 million, but that is smaller than the quarter’s net loss and indicates some non-cash items affected results.
  • Cash on hand was only $284,631 at the end of Q1 2026, so liquidity depends heavily on other current assets and financing flexibility.
  • BTCS carried $56.9 million in total liabilities, including $43.8 million of short-term debt.
  • Shares outstanding have moved around significantly over the last year, which can make per-share results harder to compare cleanly.
  • The Q1 2026 net loss was very large at $69.2 million, driven by a huge other operating expense of $67.8 million.
  • Operating cash flow remained negative in Q1 2026, which means the business is still not generating cash from operations.
  • Q4 2025 also showed a steep loss of $85.6 million, highlighting the volatility in reported earnings.
  • The company’s retained earnings remained deeply negative at -$242.5 million, reflecting a long history of cumulative losses.

Bottom line: BTCS has shown improving revenue and a larger equity base, but the financial statements still point to a speculative profile. For retail investors, the biggest questions are whether the company can turn its revenue growth into stable operating profits and whether future quarters can avoid the kind of large non-core charges that have recently overwhelmed results.

07/17/26 01:09 PM ETAI Generated. May Contain Errors.

BTCS Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BTCS's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

BTCS's net income appears to be on a downward trend, with a most recent value of -$33.35 million in 2025, rising from -$10.05 million in 2015. The previous period was -$1.27 million in 2024. Find out what analysts predict for BTCS in the coming months.

BTCS's total operating income in 2025 was -$29.89 million, based on the following breakdown:
  • Total Gross Profit: $2.01 million
  • Total Operating Expenses: $31.90 million

Over the last 10 years, BTCS's total revenue changed from $506.19 thousand in 2015 to $16.49 million in 2025, a change of 3,158.0%.

BTCS's total liabilities were at $75.22 million at the end of 2025, a 1,671.7% increase from 2024, and a 1,148.8% increase since 2015.

In the past 10 years, BTCS's cash and equivalents has ranged from $52.12 thousand in 2018 to $2.15 million in 2022, and is currently $1.53 million as of their latest financial filing in 2025.

Over the last 10 years, BTCS's book value per share changed from -0.02 in 2015 to 2.93 in 2025, a change of -16,678.5%.


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Financial statements for NASDAQ:BTCS last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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