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BTC Development Corp Financials

BDCIW
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BTC Development Corp (BDCIW) 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).

Financial Health Signals

Financial health score pending refresh

We are recalculating BTC Development Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Earnings Quality Low Quality
-0.40x

For every $1 of reported earnings, BTC Development Corp generates $-0.40 in operating cash flow (-$746K OCF vs $1.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$1.9M
YoY+5670.6%

BTC Development Corp reported $1.9M in net income in fiscal year 2025. This represents an increase of 5670.6% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$2.0M

BTC Development Corp held $2.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

BDCIW Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $38K N/A N/A N/A N/A N/A N/A
Operating Income -$541K N/A N/A N/A -$36K N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A
Net Income $1.7M N/A -$59K-1503.4% -$4K+89.7% -$36K N/A -$492
EPS (Diluted) N/A N/A $-0.01 N/A N/A N/A $-492.00

BDCIW Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $259.0M+0.7% $257.3M+4447.8% $5.7M N/A N/A $330K N/A
Current Assets $1.7M-22.2% $2.2M-23.6% $2.9M N/A N/A N/A N/A
Cash & Equivalents $1.4M-27.1% $2.0M-31.2% $2.9M N/A N/A N/A N/A
Inventory N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $268.2M+0.9% $265.9M+4498.5% $5.8M N/A N/A $382K N/A
Current Liabilities $125K+29.2% $97K N/A N/A N/A $382K N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A
Total Equity -$9.1M-6.3% -$8.6M-6797.9% -$125K-37.2% -$91K-46.0% -$62K-133.7% -$27K-43.7% -$19K
Retained Earnings -$9.1M-6.3% -$8.6M-5647.0% -$150K N/A N/A -$52K N/A

BDCIW Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$537K N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A -$250.6M N/A N/A N/A N/A N/A
Financing Cash Flow N/A $250.4M N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A

BDCIW Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A
Return on Assets 0.7% N/A -1.0% N/A N/A N/A N/A
Current Ratio 13.70-9.1 22.75 N/A N/A N/A N/A N/A
Debt-to-Equity N/A N/A N/A N/A N/A N/A N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A

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.

Frequently Asked Questions

Yes, BTC Development Corp (BDCIW) reported a net income of $1.9M in fiscal year 2025.

BTC Development Corp (BDCIW) generated -$746K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

BTC Development Corp (BDCIW) had $257.3M in total assets as of fiscal year 2025, including both current and long-term assets.

BTC Development Corp (BDCIW) had a current ratio of 22.75 as of fiscal year 2025, which is generally considered healthy.

BTC Development Corp (BDCIW) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, BTC Development Corp (BDCIW) 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.

BTC Development Corp (BDCIW) 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.

BTC Development Corp (BDCIW) has an earnings quality ratio of -0.40x, considered low quality (accrual-driven). 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.

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