What is Btcs Inc's earnings per share (EPS)?

Btcs Inc (BTCS) reported diluted earnings per share of $-1.00 for fiscal year 2025. This represents a -1150.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Btcs Inc Financials

BTCS

Source SEC Filings (10-K/10-Q) Updated Mar 26, 2026 Currency USD FYE March

This page shows Btcs Inc (BTCS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Btcs Inc's revenue surged 272.6% year-over-year to $15.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Btcs Inc carries a low D/E ratio of 0.54, meaning only $0.54 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.38, Btcs Inc holds $3.38 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow

While Btcs Inc generated -$9.8M in operating cash flow, capex of $13K consumed most of it, leaving -$9.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Btcs Inc generates a -23.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -3.7% the prior year.

Piotroski F-Score Weak

1/9

Btcs Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.29x

For every $1 of reported earnings, Btcs Inc generates $0.29 in operating cash flow (-$9.8M OCF vs -$33.4M 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

Export CSV

Earnings & Revenue

Revenue

$15.2M

YoY+272.6%

10Y CAGR+40.5%

Btcs Inc generated $15.2M in revenue in fiscal year 2025. This represents an increase of 272.6% from the prior year.

EBITDA

N/A

Net Income

-$33.4M

YoY-2523.8%

Btcs Inc reported -$33.4M in net income in fiscal year 2025. This represents a decrease of 2523.8% from the prior year.

EPS (Diluted)

$-1.00

YoY-1150.0%

Btcs Inc earned $-1.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1150.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$9.8M

YoY-177.3%

Btcs Inc generated -$9.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 177.3% from the prior year.

Cash & Debt

$1.5M

YoY-22.8%

5Y CAGR+23.8%

10Y CAGR+28.5%

Btcs Inc held $1.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

50M

YoY+165.8%

Btcs Inc had 50M shares outstanding in fiscal year 2025. This represents an increase of 165.8% from the prior year.

Margins & Returns

Gross Margin

13.2%

YoY-10.0pp

10Y CAGR-29.4pp

Btcs Inc's gross margin was 13.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.0 percentage points from the prior year.

Operating Margin

N/A

Net Margin

-219.7%

YoY-188.5pp

10Y CAGR+1765.1pp

Btcs Inc's net profit margin was -219.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 188.5 percentage points from the prior year.

Return on Equity

-23.9%

YoY-20.2pp

5Y CAGR+221.1pp

Btcs Inc's ROE was -23.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$679K

YoY-10.1%

5Y CAGR+71.8%

Btcs Inc invested $679K in research and development in fiscal year 2025. This represents a decrease of 10.1% from the prior year.

Share Buybacks

$4.0M

10Y CAGR+109.1%

Btcs Inc spent $4.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$13K

YoY+381.8%

10Y CAGR-31.4%

Btcs Inc invested $13K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 381.8% from the prior year.

BTCS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15.2M+272.6%	$4.1M+204.1%	$1.3M-20.8%	$1.7M+39.5%	$1.2M	N/A
Cost of Revenue	$14.5M+362.6%	$3.1M+769.3%	$360K-15.6%	$426K+58.9%	$268K	N/A
Gross Profit	$2.0M+112.5%	$946K-3.5%	$980K-22.6%	$1.3M+34.0%	$945K	N/A
R&D Expenses	$679K-10.1%	$756K+10.0%	$687K+12.3%	$612K-14.2%	$713K+1468.2%	$45K
SG&A Expenses	$1.6M-6.5%	$1.7M+15.3%	$1.5M-24.3%	$1.9M+20.5%	$1.6M+277.5%	$421K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.5M	N/A	N/A	N/A	N/A	$403K
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	-$33.4M-2523.8%	-$1.3M-116.3%	$7.8M+149.2%	-$15.9M+1.0%	-$16.0M-527.9%	-$2.6M
EPS (Diluted)	$-1.00-1150.0%	$-0.08-117.8%	$0.45+136.0%	$-1.25	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$4.9M+78.1%	$2.8M+64.1%	$1.7M-27.3%	$2.3M+214.1%	$739K+31.7%	$561K+24.3%	$451K+38.4%	$326K
Cost of Revenue	$3.9M+35.0%	$2.9M+81.9%	$1.6M-30.4%	$2.3M+315.0%	$543K+221.8%	$169K+5.1%	$161K+98.2%	$81K
Gross Profit	$1.1M+1444.2%	-$81K-167.3%	$120K+79.4%	$67K-65.8%	$196K-50.1%	$392K+34.9%	$291K+18.6%	$245K
R&D Expenses	$146K-24.8%	$194K-7.5%	$209K-9.9%	$232K+8.8%	$213K+30.3%	$164K+11.8%	$147K-6.2%	$156K
SG&A Expenses	$611K-7.4%	$660K+18.1%	$558K+332.1%	$129K-75.0%	$516K-4.2%	$539K+10.5%	$488K+913.8%	-$60K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$665K+8212.5%	$8K	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	N/A
Net Income	$65.6M+1589.8%	$3.9M+122.5%	-$17.3M-871.0%	$2.2M+124.8%	-$9.0M-34.4%	-$6.7M-154.9%	$12.3M+67.6%	$7.3M
EPS (Diluted)	$1.30+828.6%	$0.14+116.3%	$-0.86	N/A	$-0.56-30.2%	$-0.43-168.3%	$0.63	N/A

BTCS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$214.6M+461.2%	$38.2M+40.9%	$27.1M+173.7%	$9.9M-29.7%	$14.1M+808.7%	$1.6M
Current Assets	$214.0M+461.2%	$38.1M+41.1%	$27.0M+559.8%	$4.1M-25.0%	$5.5M+252.3%	$1.6M
Cash & Equivalents	$1.5M-22.8%	$2.0M+35.6%	$1.5M-32.1%	$2.1M+53.2%	$1.4M+167.3%	$524K
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$75.2M+1671.7%	$4.2M+332.8%	$981K+122.3%	-$4.4M-320.2%	$2.0M+292.9%	$509K
Current Liabilities	$63.4M+1392.7%	$4.2M+332.8%	$981K+67.3%	$586K-70.7%	$2.0M+292.9%	$509K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$139.4M+310.0%	$34.0M+29.9%	$26.2M+82.8%	$14.3M+18.3%	$12.1M+1060.1%	$1.0M
Retained Earnings	-$173.3M-23.8%	-$139.9M-0.9%	-$138.7M+8.5%	-$151.5M-11.7%	-$135.6M-13.4%	-$119.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$298.9M+632.3%	$40.8M+94.0%	$21.0M-45.0%	$38.2M+44.1%	$26.5M-21.6%	$33.8M-14.5%	$39.5M+45.7%	$27.1M
Current Assets	$298.3M+637.5%	$40.5M+95.6%	$20.7M-45.8%	$38.1M+44.3%	$26.4M-21.6%	$33.7M-14.5%	$39.4M+45.9%	$27.0M
Cash & Equivalents	$4.5M+601.8%	$639K+136.8%	$270K-86.4%	$2.0M+677.2%	$254K-52.6%	$537K-20.0%	$671K-54.0%	$1.5M
Inventory	N/A	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	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$73.5M+654.2%	$9.7M+1945.5%	$476K-88.8%	$4.2M+217.5%	$1.3M+88.2%	$711K+188.4%	$246K-74.9%	$981K
Current Liabilities	$62.4M+1162.6%	$4.9M+937.2%	$476K-88.8%	$4.2M+217.5%	$1.3M+88.2%	$711K+188.4%	$246K-74.9%	$981K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$225.4M+625.5%	$31.1M+51.1%	$20.6M-39.5%	$34.0M+34.9%	$25.2M-23.9%	$33.1M-15.7%	$39.3M+50.2%	$26.2M
Retained Earnings	-$87.7M+42.8%	-$153.3M+2.5%	-$157.2M-12.3%	-$139.9M+1.6%	-$142.2M-6.8%	-$133.1M-5.3%	-$126.4M+8.8%	-$138.7M

BTCS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.8M-177.2%	-$3.5M+0.9%	-$3.6M-358.6%	-$777K+84.0%	-$4.9M-63.5%	-$3.0M
Capital Expenditures	$13K+381.8%	$3K-49.8%	$5K-2.4%	$5K-48.5%	$10K	N/A
Free Cash Flow	-$9.8M-177.3%	-$3.5M+1.0%	-$3.6M-356.1%	-$782K+83.9%	-$4.9M	N/A
Investing Cash Flow	-$197.5M-7403.1%	-$2.6M-1515.2%	$186K+102.1%	-$9.0M+5.3%	-$9.5M	N/A
Financing Cash Flow	$206.8M+2995.4%	$6.7M+148.6%	$2.7M-74.4%	$10.5M-31.0%	$15.2M+353.5%	$3.4M
Dividends Paid	$2.7M	N/A	$0-100.0%	$631K	$0	N/A
Share Buybacks	$4.0M	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.8M-109.8%	-$1.3M+29.9%	-$1.9M-66.6%	-$1.1M-64.2%	-$695K+24.8%	-$924K-20.2%	-$769K+11.5%	-$869K
Capital Expenditures	$5K+161.3%	$2K+3.3%	$2K	N/A	N/A	N/A	N/A	$0
Free Cash Flow	-$2.8M-109.8%	-$1.3M+29.9%	-$1.9M	N/A	N/A	N/A	N/A	-$869K
Investing Cash Flow	-$183.5M-1276.2%	-$13.3M-38668.2%	-$34K+98.9%	-$3.2M-7189270.5%	-$44-100.0%	$550K+3037.5%	-$19K-46697.5%	-$40
Financing Cash Flow	$190.1M+1164.6%	$15.0M+6466.2%	$229K-96.2%	$6.0M+1359.5%	$413K	N/A	N/A	$1.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BTCS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	13.2%-10.0pp	23.2%-49.9pp	73.1%-1.7pp	74.8%-3.1pp	77.9%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-219.7%-188.5pp	-31.2%-614.9pp	583.6%+1522.7pp	-939.0%+383.8pp	-1322.8%	N/A
Return on Equity	-23.9%-20.2pp	-3.7%-33.6pp	29.9%+140.9pp	-111.0%+21.6pp	-132.6%+112.4pp	-245.0%
Return on Assets	-15.5%-12.2pp	-3.3%-32.1pp	28.8%+189.1pp	-160.3%-46.4pp	-113.8%+50.9pp	-164.7%
Current Ratio	3.38-5.6	8.98-18.6	27.56+20.6	6.99+4.3	2.74-0.3	3.05
Debt-to-Equity	0.54+0.4	0.12+0.1	0.04+0.3	-0.31-0.5	0.17-0.3	0.49
FCF Margin	-64.5%+22.2pp	-86.7%+179.6pp	-266.3%-220.1pp	-46.2%+355.3pp	-401.6%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	22.0%+24.9pp	-2.9%-10.0pp	7.1%+4.2pp	2.9%-23.6pp	26.5%-43.4pp	69.9%+5.5pp	64.4%-10.7pp	75.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1328.1%+1188.1pp	140.0%+1162.5pp	-1022.5%-1118.9pp	96.5%+1319.5pp	-1223.0%-24.1pp	-1198.8%-3914.2pp	2715.3%+472.4pp	2243.0%
Return on Equity	29.1%+16.6pp	12.5%+96.5pp	-84.0%-90.6pp	6.6%+42.5pp	-35.9%-15.6pp	-20.3%-51.5pp	31.2%+3.2pp	28.0%
Return on Assets	21.9%+12.4pp	9.5%+91.6pp	-82.1%-88.0pp	5.9%+39.9pp	-34.1%-14.2pp	-19.9%-50.9pp	31.0%+4.0pp	27.0%
Current Ratio	4.78-3.4	8.19-35.2	43.43+34.4	8.98-10.8	19.76-27.7	47.45-112.6	160.08+132.5	27.56
Debt-to-Equity	0.33+0.0	0.31+0.3	0.02-0.1	0.12+0.1	0.05+0.0	0.02+0.0	0.01-0.0	0.04
FCF Margin	-56.7%-8.6pp	-48.1%+64.6pp	-112.7%	N/A	N/A	N/A	N/A	-266.4%

Similar Companies

Forge Glo Hldg FRGE

$623.0M

Bitcoin Depot Inc. BTM

$24.0M

Fold Holdings, Inc FLD

$62.3M

The9 Ltd NCTY

$81.8M

Metalpha Tech MATH

$46.9M

Frequently Asked Questions

What is Btcs Inc's annual revenue?

Btcs Inc (BTCS) reported $15.2M in total revenue for fiscal year 2025. This represents a 272.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Btcs Inc's revenue growing?

Btcs Inc (BTCS) revenue grew by 272.6% year-over-year, from $4.1M to $15.2M in fiscal year 2025.

Is Btcs Inc profitable?

No, Btcs Inc (BTCS) reported a net income of -$33.4M in fiscal year 2025, with a net profit margin of -219.7%.

What is Btcs Inc's gross margin?

Btcs Inc (BTCS) had a gross margin of 13.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Btcs Inc's net profit margin?

Btcs Inc (BTCS) had a net profit margin of -219.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Btcs Inc's return on equity (ROE)?

Btcs Inc (BTCS) has a return on equity of -23.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Btcs Inc's free cash flow?

Btcs Inc (BTCS) generated -$9.8M in free cash flow during fiscal year 2025. This represents a -177.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Btcs Inc's operating cash flow?

Btcs Inc (BTCS) generated -$9.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Btcs Inc's total assets?

Btcs Inc (BTCS) had $214.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Btcs Inc's capital expenditures?

Btcs Inc (BTCS) invested $13K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Btcs Inc spend on research and development?

Btcs Inc (BTCS) invested $679K in research and development during fiscal year 2025.

Does Btcs Inc buy back shares?

Yes, Btcs Inc (BTCS) spent $4.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Btcs Inc have outstanding?

Btcs Inc (BTCS) had 50M shares outstanding as of fiscal year 2025.

What is Btcs Inc's current ratio?

Btcs Inc (BTCS) had a current ratio of 3.38 as of fiscal year 2025, which is generally considered healthy.

What is Btcs Inc's debt-to-equity ratio?

Btcs Inc (BTCS) had a debt-to-equity ratio of 0.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Btcs Inc's return on assets (ROA)?

Btcs Inc (BTCS) had a return on assets of -15.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Btcs Inc's cash runway?

Based on fiscal year 2025 data, Btcs Inc (BTCS) had $1.5M in cash against an annual operating cash burn of $9.8M. This gives an estimated cash runway of approximately 2 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.

What is Btcs Inc's Piotroski F-Score?

Btcs Inc (BTCS) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Btcs Inc's earnings high quality?

Btcs Inc (BTCS) has an earnings quality ratio of 0.29x, 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.

How financially healthy is Btcs Inc?

Btcs Inc (BTCS) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.