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MARKETS / NASDAQ / Financials / Credit / BTCS
NASDAQ · FINANCE SERVICES · SMALL CAP

Btcs Inc. BTCS

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$16.5M
▲ 304.8% YoY
$-33.4M
$-9.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

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. BTCS operates through three primary, complementary business lines: Validator Node Operations (“NodeOps”) BTCS operates validator nodes on the Ethereum network as a validator (“Validator”). In 2025, BTCS launched Imperium, a business line focused on deploying digital assets into decentralized finance protocols as a liquidity provider and market participant. As of March 22, 2026, the Company had nine full-time employees. BTCS operates as a remote-first company and believes that this approach provides access to a broader talent pool and enhances its ability to attract and retain skilled professionals.

Written from the business description in BTCS Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth

USD 16.5M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 16.5 · Net income -33.4
10M20M-20M-40M
2009201220152018202120242025
Compound annual growth
+113.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−202 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating · · Net -202.2%
-10000%-20000%-30000%
200920172025
ROE
FY2025 · ROE -38.5%
-50000%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.
Gross margin12.2%
Operating margin·
Net margin-202.2%
EBITDA·

Each USD of equity lost 38 cents this year.

Cash & shareholders

USD 2.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -9.8
-4M-8M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 2.7 · Net buybacks -131.2
-50M-100M
20102011201420152021202220232025
Dividends paidUSD 2.7M
Net buybacksUSD -131.2M
Share of profit-8.0%
Consecutive raises·

USD 2.7M in dividends went back to shareholders in a year without profit.

Total assetsUSD 214.6M
EquityUSD 139.4M
CashUSD 1.5M
Current ratio3.38×

Equity funds 65% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BTCS, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.00.00.00.00.0◌◌◌0.00.00.00.00.00.00.00.00.0
Operating income $B◌◌◌◌◌◌◌−0.0−0.0−0.0−0.0−0.00.0−0.0−0.00.0−0.0
EBITDA $B◌◌◌◌◌◌◌−0.0−0.0−0.0−0.0−0.00.0−0.0−0.00.0−0.0
Income tax $B0.00.00.00.00.00.0◌◌◌◌◌◌◌◌◌◌◌
Net income $B−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.00.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0◌◌−0.0−0.0−0.0−0.0−0.0◌◌−0.00.0◌
EPS, diluted $−1.00−0.080.45−1.25−3.09−0.86−0.11−0.07−0.37−4.89−0.06−0.11◌◌◌◌◌
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %−8—0−4−0—————————−00—
ROE %−38.5−4.238.6−120.3−244.2——————−91140.5———◌◌
Shares out B0.050.020.020.010.010.000.020.380.360.020.000.150.10◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 1 failure in 76 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. Seven checks were skipped: EPS is not tagged before 2014. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityFinance Services
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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