BTCS Inc. BTCS
Inc. ("BTCS" or the "Company") is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue
generation through blockchain infrastructure and decentralized finance ("DeFi") activities, primarily on the Ethereum network.
BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset denominated on-chain revenues through its
operations.
Last close
1.08
2026-10-23
Market cap
$56.7M
2026-06-30 share count
52-week range
0.96 - 4.34
Valuation FY2025 figures against the last close
P/S3.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield4.7%
Diluted EPS-1.00
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.5M | $4.1M | $1.3M | $1.7M | $1.2M | — | — | — | $4.5K | $355.2K |
| Cost of revenue | $14.5M | $3.1M | $359.8K | $426.4K | $268.3K | — | — | — | $160 | $263.9K |
| Gross profit | $2.0M | $946.0K | $979.9K | $1.3M | $944.9K | — | — | — | $4.3K | $91.3K |
| R&D | $679.4K | $755.8K | $687.3K | $611.8K | $712.7K | $45.5K | — | — | — | — |
| SG&A | $1.6M | $1.0M | $1.5M | $1.9M | $1.6M | $421.4K | $1.4M | $986.5K | $1.6M | $1.3M |
| Total operating expenses | $31.9M | $2.2M | $5.3M | $18.8M | $18.9M | $2.0M | $1.4M | $990.2K | $1.6M | $1.5M |
| Operating income | — | — | — | — | — | — | — | -$990.2K | -$1.6M | -$1.5M |
| Interest expense | $1.5M | — | — | — | — | $402.7K | $86.1K | — | — | $7.4K |
| Pre-tax income | -$33.4M | -$1.3M | $7.8M | -$15.9M | -$16.0M | -$2.6M | — | — | — | — |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Net income | -$33.4M | -$1.3M | $7.8M | -$15.9M | -$16.0M | -$2.6M | -$1.6M | -$826.4K | -$45.5M | -$44.3M |
| EPS, basic | -1.00 | -0.08 | 0.55 | -1.25 | -3.09 | — | — | — | — | — |
| EPS, diluted | -1.00 | -0.08 | 0.45 | -1.25 | -3.09 | -0.86 | -0.11 | -0.07 | -0.37 | -4.89 |
| Shares, diluted (wtd. avg.) | 33.2M | 16.3M | 17.5M | 12.7M | 6.8M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.5M | $2.0M | $1.5M | $2.1M | $1.4M | $524.1K | $143.1K | $52.1K | $303.3K | $95.1K |
| Short-term investments | — | — | — | $100.0K | — | — | — | — | — | — |
| Total current assets | $214.0M | $38.1M | $27.0M | $4.1M | $5.5M | $1.6M | $420.0K | $60.5K | $588.2K | $95.3K |
| Property, plant and equipment | $14.4K | $7.4K | $10.5K | $11.2K | $9.8K | $230 | $1.3K | $2.7K | $1.2K | — |
| Total assets | $214.6M | $38.2M | $27.1M | $9.9M | $14.1M | $1.6M | $421.4K | $63.2K | $589.4K | $98.1K |
| Accounts payable | $38.5K | $70.4K | $55.1K | $76.7K | $51.2K | $26.3K | $28.3K | $14.2K | $76.0K | $770.5K |
| Short-term debt | — | — | — | — | — | — | — | $200.0K | — | $45.0K |
| Total current liabilities | $63.4M | $4.2M | $980.9K | $586.4K | $2.0M | $508.6K | $605.1K | $319.1K | $76.0K | $45.3M |
| Total liabilities | $75.2M | $4.2M | — | — | — | — | — | — | — | — |
| Retained earnings | -$173.3M | -$139.9M | -$138.7M | -$151.5M | -$135.6M | -$119.5M | -$117.0M | -$115.3M | -$114.5M | -$69.1M |
| Total equity | $139.4M | $34.0M | $26.2M | $14.3M | $12.1M | $1.0M | -$183.8K | -$256.0K | $513.4K | -$45.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.8M | -$3.5M | -$3.6M | -$776.8K | -$4.9M | -$3.0M | -$1.5M | -$505.6K | -$1.5M | -$828.5K |
| Depreciation and amortisation | $4.1K | $5.7K | $5.0K | $4.0K | $939 | $1.1K | $1.4K | $1.1K | $1.2K | $182.0K |
| Stock-based compensation | $657.1K | $2.4M | $1.3M | $2.6M | $15.5M | — | — | — | — | — |
| Capital expenditure | $12.8K | $2.6K | $5.3K | $5.4K | $10.5K | — | — | $2.6K | $1.5K | $14.6K |
| Investing cash flow | -$197.5M | -$2.6M | $186.0K | -$9.0M | -$9.5M | — | -$375.0K | -$2.6K | $400 | $387.2K |
| Financing cash flow | $206.8M | $6.7M | $2.7M | $10.5M | $15.2M | $3.4M | $1.6M | $257.0K | $1.7M | $411.8K |
| Dividends paid | $2.7M | — | $0 | $630.8K | $0 | — | — | — | — | — |
| Buybacks | $4.0M | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-016836.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $355.2K | $4.5K | — | — | — | $1.2M | $1.7M | $1.3M | $4.1M | $16.5M |
| Gross profit | $91.3K | $4.3K | — | — | — | $944.9K | $1.3M | $979.9K | $946.0K | $2.0M |
| Net income | -$44.3M | -$45.5M | -$826.4K | -$1.6M | -$2.6M | -$16.0M | -$15.9M | $7.8M | -$1.3M | -$33.4M |
Recent filings and events
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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