1.Sales and profit
See section β- BTCS Inc. had $16.5M of revenue in fiscal 2025, up 304.9% on the year before.
- BTCS Inc. lost $33.4M in fiscal 2025.
BTCS Nasdaq Finance Services Financials FY2016βFY2025
BTCS Inc. had $16.5M of revenue in fiscal 2025, up 304.9% on the year before.
Last close Β· Oct 23, 2026
$1.08
1.8%Hi! I read BTCS Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+304.9%
Yes. Sales grew 304.9% last year.
Does it make a profit?
β202.2%
No. It lost money last year.
Does profit turn into cash?
β59.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· BTCS Inc. had $16.5M of revenue in fiscal 2025, up 304.9% on the year before.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· BTCS Inc. lost $33.4M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$9.8M in fiscal 2025, β59.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· BTCS Inc. returned $6.7M to shareholders in fiscal 2025. The diluted share count rose 104.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.3M and sold $0.8M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.3M
1 insider
Sold, 12 months
$0.8M
2 insiders
Of sales under plans
99%
$0.8M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Charles W AllenCEO, Director, 10% owner | Sold plan | 168,000 | $1.22 | $0.2M | Form 4 |
| Jun 12, 2026 | Charles W AllenCEO, Director, 10% owner | Sold plan | 87,000 | $1.15 | $0.1M | Form 4 |
| Jun 11, 2026 | Charles W AllenCEO, Director | Sold plan | 165,000 | $1.11 | $0.2M | Form 4 |
| Jun 10, 2026 | Benjamin Henry HunterCTO | Sold | 10,000 | $1.21 | $0.0M | Form 4 |
| Jun 10, 2026 | Charles W AllenCEO, Director | Sold plan | 150,000 | $1.19 | $0.2M | Form 4 |
| Jun 9, 2026 | Charles W AllenCEO, Director | Sold plan | 105,000 | $1.27 | $0.1M | Form 4 |
| Nov 19, 2025 | Charles W AllenCEO, Director | Bought | 71,001 | $2.89 | $0.2M | Form 4 |
| Nov 18, 2025 | Charles W AllenCEO, Director | Bought | 19,499 | $2.90 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably BTCS Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.4M | $2.2M | $1.5M | $2.0M | $1.5M |
| Current ratio | 2.7x | 7.0x | 27.6x | 9.0x | 3.4x |
| Quick ratio | 2.7x | 7.0x | 27.6x | 9.0x | 3.4x |
| Total assets | $14.1M | $9.9M | $27.1M | $38.2M | $215M |
| Total liabilities | $2.0M | β$4.4M | $1.0M | $4.2M | $75.2M |
| Shareholders' equity | $12.1M | $14.3M | $26.2M | $34.0M | $139M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· BTCS Inc. passes 1 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | β / 6 | β / 6 | β / 6 | β / 6 | 3 / 8 | 3 / 8 | 2 / 8 | 1 / 8 |
| Accruals ratio | β44,278.1% | β12,793.1% | β98.3% | β58.3% | 42.3% | β142.9% | β125.9% | 61.4% | 6.9% | β18.6% |
| Altman Z'' | β5,421.62 | β638.50 | β6,082.64 | β | β | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.4M | $0.0M | β | β | β | $1.2M | $1.7M | $1.3M | $4.1M | $16.5M |
| Net interest income | β$0.0M | β | β | β | β | β | β | β | β | β |
| Gross profit | $0.1M | $0.0M | β | β | β | $0.9M | $1.3M | $1.0M | $0.9M | $2.0M |
| Research and development | β | β | β | β | $0.0M | $0.7M | $0.6M | $0.7M | $0.8M | $0.7M |
| Operating income | β$1.5M | β$1.6M | β$1.0M | β | β | β | β | β | β | β |
| Interest expense | $0.0M | β | β | $0.1M | $0.4M | β | β | β | β | $1.5M |
| Income tax | β | β | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$44.3M | β$45.5M | β$0.8M | β$1.6M | β$2.6M | β$16.0M | β$15.9M | $7.8M | β$1.3M | β$33.4M |
| Net income to common | β | β$45.5M | β$0.8M | β$1.7M | β$2.6M | β$21.1M | β$15.9M | β | β | β |
| Diluted EPS | β$4.89 | β$0.37 | β$0.07 | β$0.11 | β$0.86 | β$3.09 | β$1.25 | $0.45 | β$0.08 | β$1.00 |
| Diluted shares | 0.01B | 0.12B | 0.01B | 0.02B | 0.00B | 0.01B | 0.01B | 0.02B | 0.02B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | β$0.8M | β$1.5M | β$0.5M | β$1.5M | β$3.0M | β$4.9M | β$0.8M | β$3.6M | β$3.5M | β$9.8M |
| Capital expenditure | $0.0M | $0.0M | $0.0M | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Free cash flow | β$0.8M | β$1.5M | β$0.5M | β | β | β$4.9M | β$0.8M | β$3.6M | β$3.5M | β$9.8M |
| Depreciation and amortization | $0.2M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Stock-based compensation | β | β | β | β | β | $15.5M | $2.6M | $1.3M | $2.4M | $0.7M |
| Share buybacks | β | β | β | β | β | β | β | β | β | $4.0M |
| Dividends paid | β | β | β | β | β | $0.0M | $0.6M | $0.0M | β | $2.7M |
| Dividends and buybacks | β | β | β | β | β | $0.0M | $0.6M | $0.0M | β | $6.7M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.1M | $0.3M | $0.1M | $0.1M | $0.5M | $1.4M | $2.2M | $1.5M | $2.0M | $1.5M |
| Total debt | $0.0M | β | $0.2M | β | β | β | β | β | β | β |
| Current assets | $0.1M | $0.6M | $0.1M | $0.4M | $1.6M | $5.5M | $4.1M | $27.0M | $38.1M | $214M |
| Current liabilities | $45.3M | $0.1M | $0.3M | $0.6M | $0.5M | $2.0M | $0.6M | $1.0M | $4.2M | $63.4M |
| Property and equipment, net | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total assets | $0.1M | $0.6M | $0.1M | $0.4M | $1.6M | $14.1M | $9.9M | $27.1M | $38.2M | $215M |
| Total liabilities | $45.3M | $0.1M | $0.3M | $0.6M | $0.5M | $2.0M | β$4.4M | $1.0M | $4.2M | $75.2M |
| Shareholders' equity | β$45.3M | $0.5M | β$0.3M | β$0.2M | $1.0M | $12.1M | $14.3M | $26.2M | $34.0M | $139M |
| Margins | ||||||||||
| Gross margin | 25.7% | 95.6% | β | β | β | 77.9% | 74.8% | 73.1% | 23.2% | 12.2% |
| Operating margin | β410.0% | β34,884.4% | β | β | β | β | β | β | β | β |
| EBITDA margin | β358.8% | β34,857.8% | β | β | β | β | β | β | β | β |
| Net margin | β12,462.1% | β1,010,324.4% | β | β | β | β1,322.8% | β939.0% | 583.7% | β31.2% | β202.2% |
| FCF margin | β237.4% | β33,106.7% | β | β | β | β401.6% | β46.2% | β266.3% | β86.7% | β59.4% |
| Net interest share of revenue | β2.1% | β | β | β | β | β | β | β | β | β |
| Returns | ||||||||||
| Return on capital employed | 3.2% | β305.8% | 386.9% | β | β | β | β | β | β | β |
| Return on equity | β | β | β642.1% | β | β594.8% | β244.2% | β120.3% | 38.6% | β4.2% | β38.5% |
| Return on assets | β45,122.6% | β13,226.1% | β253.3% | β677.1% | β259.1% | β205.1% | β132.3% | 42.2% | β3.9% | β26.4% |
| Return on tangible equity | β | β8,855.6% | β | β | β245.0% | β174.5% | β111.0% | 29.9% | β3.7% | β23.9% |
| Growth | ||||||||||
| Revenue growth | β | β98.7% | β | β | β | β | 39.5% | β20.9% | 204.1% | 304.9% |
| Net income growth | β | β | β | β | β | β | β | β | β116.3% | β |
| EPS growth | β | β | β | β | β | β | β | β | β117.8% | β |
| Share count change | β | 1,263.9% | β90.0% | 28.3% | β81.2% | 129.3% | 86.1% | 37.8% | β7.3% | 104.1% |
| Financial health | ||||||||||
| Interest coverage | β196.8x | β | β | β | β | β | β | β | β | β |
| Current ratio | 0.0x | 7.7x | 0.2x | 0.7x | 3.1x | 2.7x | 7.0x | 27.6x | 9.0x | 3.4x |
| Quick ratio | 0.0x | 7.7x | 0.2x | 0.7x | 3.1x | 2.7x | 7.0x | 27.6x | 9.0x | 3.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.1% | 33.3% | β | β | β | 0.9% | 0.3% | 0.4% | 0.1% | 0.1% |
| Stock comp / revenue | β | β | β | β | β | 1,276.7% | 155.1% | 100.2% | 59.5% | 4.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | β | β | β | β | 3.0 | 3.0 | 2.0 | 1.0 |
| Altman Z'' | β5,421.6 | β638.5 | β6,082.6 | β | β | β | β | β | β | β |
| Accruals ratio | β44,278.1% | β12,793.1% | β98.3% | β58.3% | 42.3% | β142.9% | β125.9% | 61.4% | 6.9% | β18.6% |
Source: SEC EDGAR XBRL filings (CIK 0001436229). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.