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BTCS Inc.

BTCS Inc.

NASDAQ•BTCS
CEO: Mr. Charles W. Allen
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 2010-11-15
BTCS Inc. operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation. In addition, it is involved in the development of ChainQ, an AI-powered blockchain data and analytics platform, which allows users to query real-time and historical on-chain blockchain data. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was founded in 2014 and is based in Silver Spring, Maryland.
Contact Information
9466 Georgia Avenue, Suite 124, Silver Spring, MD, 20910, United States
202-430-6576
www.btcs.com
Market Cap
$136.73M
P/E (TTM)
2.4
52.4
Dividend Yield
1.7%
52W High
$8.49
52W Low
$1.25
52W Range
23%
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$4.94M+568.13%
4-Quarter Trend

EPS

$1.48-364.29%
4-Quarter Trend

FCF

-$2.47M+255.61%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Rebounds Strongly Reported net income of $52.20M for nine months versus prior period net loss of $3.51M USD.
Revenue Growth Accelerates Significantly Total revenues reached $9.40M USD for nine months, marking a 437% increase over the 2024 period.
Infrastructure Revenue Scaling Up Blockchain infrastructure revenues hit $8.68M USD, reflecting 395% growth driven by Builder+ expansion.
Strong Financing Inflows Secured Net cash provided by financing activities totaled $205.37M USD, funding asset accumulation and operations.

Risk Factors

Operating Expenses Increased Sharply Total operating expenses rose to $14.61M USD, up 234% due to realized crypto losses and scaling.
Crypto Asset Valuation Volatility Significant unrealized appreciation/depreciation on crypto assets causes material fluctuations in reported net income.
High Capital Deployment Noted Investing activities used $196.83M USD, primarily for purchasing productive crypto assets like Ethereum.
DeFi Borrowing Liquidation Risk DeFi borrowings are subject to liquidation if the collateral health factor falls below the protocol-defined 1.0x threshold.

Outlook

Focus Remains Ethereum-Centric Completed wind-down of non-Ethereum staking and liquidated majority of non-ETH token holdings strategically.
Future Financing Strategy Planned Anticipate future financing via ATM program and additional decentralized finance (DeFi) borrowings for liquidity.
Cost of Revenue Expected Rise Expect cost of revenues to increase in line with scaling Builder+ and DeFi operations moving forward.
Liquidity Position Assessed Current cash and liquid crypto assets are sufficient to support daily operations for the next twelve months.

Peer Comparison

Revenue (TTM)

CleanSpark, Inc.CLSK
$766.31M
+102.2%
Kingstone Companies, Inc.KINS
$195.62M
+30.7%
Security National Financial CorporationSNFCA
$167.08M
-49.4%

Gross Margin (Latest Quarter)

Chain Bridge Bancorp, Inc.CBNA
92.5%
-2.5pp
Security National Financial CorporationSNFCA
57.3%
-42.7pp
Kingstone Companies, Inc.KINS
43.3%
-56.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CLSK$3.57B10.417.7%25.9%
KINS$221.27M7.035.8%1.1%
CBNA$213.59M54.612.1%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
28.6%
Strong Growth
4Q Net Income CAGR
208.2%
Profitability Improved
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 19, 2026
|
EPS:$0.01
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $4.94M+568.1%
    |
    EPS: $1.48-364.3%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 13, 2025|
    Revenue: $2.77M+394.0%
    |
    EPS: $0.18-141.9%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 15, 2025|
    Revenue: $1.69M+337.8%
    |
    EPS: $-0.86-210.3%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 20, 2025|
    Revenue: $4.07M+204.1%
    |
    EPS: $-0.08-114.2%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $739.16K+133.7%
    |
    EPS: $-0.56+1152.8%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 19, 2024|
    Revenue: $561.19K+45.5%
    |
    EPS: $-0.43+485.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $385.77K+23.8%
    |
    EPS: $0.78-700.0%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 21, 2024|
    Revenue: $1.34M-20.8%
    |
    EPS: $0.55+125.8%
    Beat