Btcs Inc Financials
Btcs Inc (BTCS) reported $16.5M in revenue for fiscal year 2025, up 304.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
FY2025 became a financing-led balance-sheet expansion, with external capital driving growth more than internally generated cash.
Total assets jumped from$38.2M in FY2024 to$214.6M in FY2025, while operating cash flow remained negative at-$9.8M and financing inflow reached$206.8M . That mix says the business’s scale-up was funded primarily by new capital and deployment of that capital, not by the core operation starting to self-finance.
The balance sheet looks comfortable on paper — current ratio was 3.4x and equity stood at
Revenue expanded to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Btcs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Btcs Inc passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Btcs Inc reported a net loss of $33.4M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Btcs Inc generated $16.5M in revenue in fiscal year 2025. This represents an increase of 304.8% from the prior year.
Btcs Inc reported -$33.4M in net income in fiscal year 2025. This represents a decrease of 2523.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Btcs Inc recorded an outflow of $9.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 177.3% from the prior year.
Btcs Inc held $1.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Btcs Inc's gross margin was 12.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 11.0 percentage points from the prior year.
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.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Btcs Inc invested $679K in research and development in fiscal year 2025. This represents a decrease of 10.1% from the prior year.
Btcs Inc spent $4.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.6M | $16.5M+304.8% | $4.1M+204.1% | $1.3M-20.8% | $1.7M+39.5% | $1.2M | N/A | N/A | N/A | $4K-98.7% | $355K-29.8% | $506K+1224.6% | $38K | N/A | $1.3M-19.3% | $1.6M |
| Cost of Revenue | $12.1M | $14.5M+363.0% | $3.1M+769.3% | $360K-15.6% | $426K+58.9% | $268K | N/A | N/A | N/A | $160-99.9% | $264K | N/A | $7K | N/A | $885K-34.0% | $1.3M |
| Gross Profit | $4.5M | $2.0M+112.5% | $946K-3.5% | $980K-22.6% | $1.3M+34.0% | $945K | N/A | N/A | N/A | $4K-95.3% | $91K-57.7% | $216K+586.7% | $31K | N/A | $403K+58.2% | $255K |
| R&D Expenses | $439K | $679K-10.1% | $756K+10.0% | $687K+12.3% | $612K-14.2% | $713K+1468.2% | $45K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.5M | $1.6M+52.2% | $1.0M-29.2% | $1.5M-24.3% | $1.9M+20.5% | $1.6M+277.5% | $421K-70.4% | $1.4M | N/A | $1.6M+19.5% | $1.3M-83.8% | $8.1M | N/A | N/A | $319K-10.4% | $357K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.6M-7.8% | -$1.5M+82.2% | -$8.2M | N/A | $89K+401.2% | -$29K+95.7% | -$681K |
| Interest Expense | N/A | $1.5M | N/A | N/A | N/A | N/A | $403K+367.4% | $86K | N/A | N/A | $7K+162.5% | -$12K | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$124.0M | -$33.4M-2523.8% | -$1.3M-116.3% | $7.8M+149.2% | -$15.9M+1.0% | -$16.0M-527.9% | -$2.6M-55.8% | -$1.6M | N/A | N/A | N/A | -$10.0M | N/A | $98K+491.2% | -$25K+93.5% | -$387K |
| EPS (Diluted) | — | -$1.00 | -$0.08-117.8% | $0.45+136.0% | -$1.25 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BTCS 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 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $214.6M+461.2% | $38.2M+40.9% | $27.1M+173.7% | $9.9M-29.7% | $14.1M+808.7% | $1.6M+268.3% | $421K+567.2% | $63K-89.3% | $589K+501.0% | $98K-97.0% | $3.2M+1080.7% | $274K+669.8% | $36K-94.0% | $588K+59.9% | $368K |
| Current Assets | $214.0M+461.2% | $38.1M+41.1% | $27.0M+559.8% | $4.1M-25.0% | $5.5M+252.3% | $1.6M+269.4% | $420K+594.8% | $60K-89.7% | $588K+517.4% | $95K-36.7% | $150K+121.0% | $68K+112.7% | $32K-82.4% | $182K-50.4% | $367K |
| Cash & Equivalents | $1.5M-22.8% | $2.0M+35.6% | $1.5M-32.1% | $2.1M+53.2% | $1.4M+167.3% | $524K+266.3% | $143K+174.6% | $52K-82.8% | $303K+219.1% | $95K-23.7% | $125K+2204.9% | $5K-40.3% | $9K+41.2% | $6K-90.9% | $70K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $28K-74.7% | $111K+100.1% | $56K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $64K-73.4% | $241K |
| Total Liabilities | $75.2M+1671.7% | $4.2M+332.8% | $981K+122.3% | -$4.4M-320.2% | $2.0M+292.9% | $509K-15.9% | $605K+89.6% | $319K+319.9% | $76K-99.8% | $45.3M+653.0% | $6.0M+2163.2% | $266K+2349.1% | $11K-99.0% | $1.1M+33.3% | $848K |
| Current Liabilities | $63.4M+1392.7% | $4.2M+332.8% | $981K+67.3% | $586K-70.7% | $2.0M+292.9% | $509K-15.9% | $605K+89.6% | $319K+319.9% | $76K-99.8% | $45.3M+653.0% | $6.0M+2163.2% | $266K+2349.1% | $11K-98.0% | $547K+15.3% | $475K |
| Total Equity | $139.4M+310.0% | $34.0M+29.9% | $26.2M+82.8% | $14.3M+18.3% | $12.1M+1060.1% | $1.0M+667.7% | -$184K+28.2% | -$256K-149.9% | $513K+101.1% | -$45.3M-1521.9% | -$2.8M-36417.6% | $8K-68.9% | $25K+104.6% | -$542K-12.9% | -$480K |
| Retained Earnings | -$173.3M-23.8% | -$139.9M-0.9% | -$138.7M+8.5% | -$151.5M-11.7% | -$135.6M-13.4% | -$119.5M-2.2% | -$117.0M-1.4% | -$115.3M-0.7% | -$114.5M-65.8% | -$69.1M-178.6% | -$24.8M-68.2% | -$14.7M-86172.4% | $17K+101.6% | -$1.1M-66.4% | -$638K |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
BTCS 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 | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.8M | -$9.8M-177.2% | -$3.5M+0.9% | -$3.6M-358.6% | -$777K+84.0% | -$4.9M-63.5% | -$3.0M-98.3% | -$1.5M | N/A | -$1.5M-79.6% | -$828K-4.0% | -$797K+24.9% | -$1.1M | N/A | -$532K-2918.1% | -$18K |
| Capital Expenditures | N/A | $13K+381.8% | $3K-49.8% | $5K-2.4% | $5K-48.5% | $10K | N/A | N/A | $3K+74.9% | $1K-89.8% | $15K-97.4% | $553K+60.1% | $345K | N/A | N/A | $797 |
| Free Cash Flow | N/A | -$9.8M-177.3% | -$3.5M+1.0% | -$3.6M-356.1% | -$782K+83.9% | -$4.9M | N/A | N/A | N/A | -$1.5M-76.7% | -$843K+37.5% | -$1.3M | N/A | N/A | N/A | -$18K |
| Investing Cash Flow | N/A | -$197.5M-7403.1% | -$2.6M-1515.2% | $186K+102.1% | -$9.0M+5.3% | -$9.5M | N/A | -$375K-14333.4% | -$3K-749.5% | $400-99.9% | $387K+112.0% | -$3.2M-321.5% | -$766K-3127.7% | -$24K-622.3% | -$3K-312.0% | -$797 |
| Financing Cash Flow | N/A | $206.8M+2995.4% | $6.7M+148.6% | $2.7M-74.4% | $10.5M-31.0% | $15.2M+353.5% | $3.4M+110.9% | $1.6M+518.8% | $257K-84.8% | $1.7M+311.9% | $412K-90.1% | $4.1M | N/A | N/A | $471K+1335.5% | -$38K |
| Dividends Paid | N/A | $2.7M | N/A | $0-100.0% | $631K | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Share Buybacks | N/A | $4.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3K+0.4% | $2K | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BTCS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.2%-11.0pp | 23.2%-49.9pp | 73.1%-1.7pp | 74.8%-3.1pp | 77.9% | N/A | N/A | N/A | 96.4%+70.7pp | 25.7%-17.0pp | 42.7%-39.7pp | 82.3% | N/A | 31.3%+15.3pp | 16.0% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -35039.6% | -410.0% | -1619.6% | N/A | N/A | -2.3%+40.4pp | -42.7% |
| Net Margin | -202.3% | -31.2% | 583.6% | -939.0% | -1322.8% | N/A | N/A | N/A | N/A | N/A | -1984.8% | N/A | N/A | -1.9%+22.3pp | -24.2% |
| 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% | N/A | N/A | N/A | N/A | N/A | N/A | 398.2% | N/A | N/A |
| 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%+224.7pp | -389.4% | N/A | N/A | N/A | -310.8% | N/A | 276.6%+280.8pp | -4.3%+100.8pp | -105.1% |
| Current Ratio | 3.38-5.6x | 8.98-18.6x | 27.56+20.6x | 6.99+4.3x | 2.74-0.3x | 3.05+2.4x | 0.69+0.5x | 0.19-7.6x | 7.74+7.7x | 0.000.0x | 0.03-0.2x | 0.26-2.7x | 2.95+2.6x | 0.33-0.4x | 0.77 |
| Debt-to-Equity | 0.54+0.4x | 0.12+0.1x | 0.04 | N/A | 0.17-0.3x | 0.49 | N/A | N/A | 0.15 | N/A | N/A | 34.64+34.2x | 0.44 | N/A | N/A |
| FCF Margin | -59.4%+27.3pp | -86.7% | -266.3% | -46.2% | -401.6% | N/A | N/A | N/A | -33253.1% | -237.3% | -266.6% | N/A | N/A | N/A | -1.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Btcs Inc Ranks
Frequently Asked Questions
What is Btcs Inc's annual revenue?
Btcs Inc (BTCS) reported $16.5M in total revenue for fiscal year 2025. This represents a 304.8% 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 304.8% year-over-year, from $4.1M to $16.5M in fiscal year 2025.
Is Btcs Inc profitable?
No, Btcs Inc (BTCS) reported a net income of -$33.4M in fiscal year 2025.
What is Btcs Inc's gross margin?
Btcs Inc (BTCS) had a gross margin of 12.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
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) recorded an outflow of $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) recorded an outflow of $9.8M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $33.4M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 27 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.