BTC Development Corp Financials
This page shows BTC Development Corp (BDCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BDCI’s capital-funded balance-sheet expansion left reported profit disconnected from operating cash generation.
The combination of a$1.9M net profit with a-$541K operating loss indicates that 2025 earnings were produced below the operating line, not by core activity. That distinction matters because operating cash flow was-$746K , so accounting profit did not translate into cash.
Assets expanded from
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Financial Health Signals
BTC Development Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
For every $1 of reported earnings, BTC Development Corp used $0.40 of operating cash (-$746K OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
BTC Development Corp reported $1.9M in net income in fiscal year 2025. This represents an increase of 5670.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
BTC Development Corp held $2.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
BDCI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| SG&A Expenses | $38K | N/A |
| Operating Income | -$541K-1511.3% | -$34K |
| Net Income | $1.9M+5670.6% | -$34K |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax, EPS (Diluted).
BDCI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $257.3M+77881.5% | $330K |
| Current Assets | $2.2M | N/A |
| Cash & Equivalents | $2.0M | N/A |
| Total Liabilities | $265.9M+69582.3% | $382K |
| Current Liabilities | $97K-74.6% | $382K |
| Total Equity | -$8.6M-16562.5% | -$52K |
| Retained Earnings | -$8.6M-16564.4% | -$52K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BDCI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Operating Cash Flow | -$746K | N/A |
| Investing Cash Flow | -$252.6M | N/A |
| Financing Cash Flow | $255.3M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
BDCI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Return on Assets | 0.7%+10.9pp | -10.2% |
| Current Ratio | 22.75 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$8.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Where BTC Development Corp Ranks
Frequently Asked Questions
Is BTC Development Corp profitable?
Yes, BTC Development Corp (BDCI) reported a net income of $1.9M in fiscal year 2025.
What is BTC Development Corp's operating cash flow?
BTC Development Corp (BDCI) recorded an outflow of $746K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are BTC Development Corp's total assets?
BTC Development Corp (BDCI) had $257.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is BTC Development Corp's current ratio?
BTC Development Corp (BDCI) had a current ratio of 22.75 as of fiscal year 2025, which is generally considered healthy.
What is BTC Development Corp's return on assets (ROA)?
BTC Development Corp (BDCI) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BTC Development Corp's cash runway?
Based on fiscal year 2025 data, BTC Development Corp (BDCI) had $2.0M in cash against an annual operating cash burn of $746K. This gives an estimated cash runway of approximately 32 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is BTC Development Corp's debt-to-equity ratio negative or not reported?
BTC Development Corp (BDCI) has negative shareholder equity of -$8.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are BTC Development Corp's earnings high quality?
For every $1 of reported earnings, BTC Development Corp (BDCI) used $0.40 of operating cash (-$746K OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.