Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BTCS Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.36
0
1.21
1.69
1.34
4.07
16.5
Cost of revenue
0.26
0
0.27
0.43
0.36
3.13
14.5
Gross profit
0.09
0
0.94
1.27
0.98
0.95
2.01
Research and development
0.05
0.71
0.61
0.69
0.76
0.68
Selling and marketing
0.01
0.01
0.18
0.08
0.01
0.08
General and administrative
1.31
1.56
0.99
1.42
0.42
1.59
1.92
1.45
1.03
1.56
Operating expenses
1.55
1.57
0.99
1.43
1.99
18.9
18.8
5.3
2.19
31.9
Operating income
-1.46
-1.57
-0.99
Interest expense
0.01
0.09
0.4
1.45
Other non-operating income
-42.8
-43.9
0.16
-0.21
-0.57
1.86
1.6
12.1
-0.03
-3.46
Income tax
0
0
0
0
0
0
Net income
-44.3
-45.5
-0.83
-1.64
-2.56
-16
-15.9
7.82
-1.27
-33.4
EBITDA
-1.27
-1.57
-0.99
EPS, basic
-38.23
-2.89
-0.55
-0.86
-0.70
-2.53
-1.02
0.55
-0.08
-1.00
EPS, diluted
-38.23
-2.89
-0.55
-0.86
-0.70
-2.53
-1.02
0.45
-0.08
-1.00
Shares, basic (weighted)
1.16
15.8
1.58
2.03
3.65
8.36
15.6
14.1
16.3
33.2
Shares, diluted (weighted)
1.16
15.8
1.58
2.03
3.65
8.36
15.6
17.5
16.3
33.2
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.1
0.3
0.05
0.14
0.52
1.4
2.15
1.46
1.98
1.53
Short-term investments
0.1
Other current assets
0
0.22
0.01
0.02
0.03
0.32
0.12
0.06
0.06
0.15
Total current assets
0.1
0.59
0.06
0.42
1.55
5.47
4.1
27
38.1
214
Property, plant and equipment
0
0
0
0
0.01
0.01
0.01
0.01
0.01
Total assets
0.1
0.59
0.06
0.42
1.55
14.1
9.92
27.1
38.2
215
Accounts payable
0.77
0.08
0.01
0.03
0.03
0.05
0.08
0.06
0.07
0.04
Accrued liabilities
1.92
0.37
0.77
3.98
Short-term debt
0.05
0.2
Total current liabilities
45.3
0.08
0.32
0.61
0.51
2
0.59
0.98
4.25
63.4
Total liabilities
45.3
0.08
0.32
0.61
0.51
2
-4.4
0.98
4.25
75.2
Paid-in capital
23.8
115
115
117
121
148
161
162
171
311
Retained earnings
-69.1
-115
-115
-117
-120
-136
-151
-139
-140
-173
Treasury stock
-0
Shareholders' equity
-45.3
0.51
-0.26
-0.18
1.04
12.1
14.3
26.2
34
139
Total equity
-45.3
0.51
-0.26
-0.18
1.04
12.1
14.3
26.2
34
139
Total liabilities and equity
0.1
0.59
0.06
0.42
1.55
14.1
9.92
27.1
38.2
215
Shares outstanding
2.06
46.4
1.6
2.54
5.13
12.9
16
15.3
18.7
46.9
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-44.3
-45.5
-0.83
-1.64
-2.56
-16
-15.9
7.82
-1.27
-33.4
Depreciation and amortization
0.18
0
0
0
0
0
0
0.01
0.01
0
Stock-based compensation
15.5
2.63
1.34
2.42
0.66
Change in payables
0.14
-0.67
0.04
0.01
0.04
0.11
-0.06
-0.02
0.02
-0.03
Cash from operations
-0.83
-1.49
-0.51
-1.5
-2.97
-4.86
-0.78
-3.56
-3.53
-9.78
Capital expenditures
-0.01
-0
-0
-0.01
-0.01
-0.01
-0
-0.01
Purchases of investments
-0.1
-0.5
Cash from investing
0.39
0
-0
-0.37
-9.47
-8.97
0.19
-2.63
-197
Debt issued
123
Debt repaid
-61.4
Stock issued
1.16
1.85
3.01
11.1
2.69
6.68
135
Share buybacks
-4
Dividends paid
0
-0.63
0
-2.68
Cash from financing
0.41
1.7
0.26
1.59
3.35
15.2
10.5
2.69
6.68
207
Net change in cash
-0.03
0.21
-0.25
0.09
0.38
0.88
0.75
-0.69
0.52
-0.45
Free cash flow
-0.84
-1.49
-0.51
-4.87
-0.78
-3.57
-3.53
-9.8
Interest paid
1.8
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.53 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
26.9%
Gross profit / revenue.
Net margin
-746.3%
Net income / revenue.
Operating cash flow margin
-47.0%
Cash from operations / revenue.
Return on equity (ROE)
-319.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-139.0%
Net income / average total assets.
R&D / revenue
2.6%
Research and development expense / revenue.
Stock-based pay / revenue
1.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
0.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
304.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
113.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
112.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
16.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
310.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
113.5%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
166.2%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
461.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
178.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
168.0%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
104.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
28.7%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
55.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.06x
Current assets / current liabilities.
Quick ratio
0.01x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.33
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.16
Cash from operations / diluted weighted shares.
Book value per share
$0.78
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.58x
Market cap / revenue.
P/B
1.96x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.96x
Market cap / tangible book value, when positive.
EV/Sales
4.57x
Enterprise value / revenue.
Earnings yield
-162.9%
Net income / market cap (the inverse of P/E).
What was BTCS Inc.'s revenue in fiscal 2025?
BTCS Inc. reported revenue of $16.5M for fiscal 2025, 304.8% higher than the year before.
Was BTCS Inc. profitable in fiscal 2025?
No. It reported a net loss of $33.4M.
How much free cash flow did BTCS Inc. generate in fiscal 2025?
Cash from operations of $9.8M minus capital expenditures of $12.8K left free cash flow of -$9.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.