Friday 6 November 2026
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BTCS Inc.
BTCS Financial Capital Markets
BTCS Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.5 million, up 304.9% from fiscal 2024.
- Revenue
- −11.9%
- EPS
- −488.9%
- Free cash flow
- +104.6%
- Total debt
- +392.8%
Quarter to June 2026, against a year earlier
0.91
0.04
+4.60%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 0 | 0 | — | — | — | 1 | 2 | 1 | 4 | 16 | 17 | +53.2% | 20 | — | — | +21.3% | |
| Gross margin, % | 28.15 | 95.56 | 0.00 | 0.00 | 0.00 | 77.88 | 74.80 | 73.15 | 23.22 | 12.19 | 26.93 | (16.0) pt | ||||||
| EBT | (44) | (45) | (1) | (2) | (3) | (16) | (16) | 8 | (1) | (33) | (124) | (3.1%) | ||||||
| EBT margin, % | (12,462.08) | (1,010,324.44) | 0.00 | 0.00 | 0.00 | (1,322.81) | (939.01) | 583.66 | (31.21) | (202.24) | (746.26) | +12,259.8 pt | ||||||
| Net income | (44) | (45) | (1) | (2) | (3) | (16) | (16) | 8 | (1) | (33) | (124) | (3.1%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.76 | 0.01 | 0.00 | 0.00 | 0.00 | 0.18 | 0.13 | 0.10 | 0.25 | 0.50 | 0.33 | (29.6%) | |||||
| Earnings | (1,467.40) | (110.40) | (0.67) | (1.09) | (0.90) | (3.09) | (1.25) | 0.55 | (0.08) | (1.00) | (3.48) | (55.5%) | ||||||
| Cash flow | (27.43) | (3.62) | (0.41) | (0.94) | (1.00) | (0.71) | (0.06) | (0.25) | (0.22) | (0.29) | (0.16) | (39.6%) | ||||||
| Capex | 1.73 | 0.00 | 0.00 | 0.00 | 0.00 | (1.38) | (0.70) | 0.01 | (0.16) | (5.94) | 0.00 | n/m | ||||||
| Free cash flow | (25.71) | (3.62) | (0.41) | (0.94) | (1.00) | (2.10) | (0.76) | (0.24) | (0.38) | (6.23) | (0.16) | (14.6%) | ||||||
| Book value | (1,498.36) | 1.25 | (0.21) | (0.12) | 0.35 | 1.77 | 0.73 | 1.86 | 2.09 | 4.20 | 0.78 | n/m | ||||||
| Shares, m | 0 | 0 | 1 | 2 | 3 | 7 | 13 | 14 | 16 | 33 | 44 | +117.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 | 3.25 | 0.00 | 0.00 | 0.00 | 0.5 | |||||
| P/S | 6.12 | 5,732.17 | — | — | — | 17.70 | 4.97 | 19.46 | 9.86 | 5.31 | 2.73 | 827.9 | ||||||
| P/B | 0.00 | 50.24 | — | — | — | 1.77 | 0.90 | 1.10 | 1.28 | 0.64 | 1.23 | 8.0 | ||||||
| EV/Sales | 5.98 | 5,674.77 | — | — | — | 17.25 | 4.20 | 19.01 | 9.58 | 9.67 | — | 820.1 | ||||||
| EV/FCF | (2.68) | (17.12) | — | — | — | (1.46) | (0.74) | (7.54) | (6.33) | (0.77) | — | (5.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (1) | (1) | (1) | (1) | (3) | (5) | (1) | (4) | (4) | (10) | (8) | +31.6% | |||||
| Capex | 0 | 0 | 0 | — | — | (9) | (9) | 0 | (3) | (197) | (179) | n/m | ||||||
| Free cash flow | (1) | (1) | (1) | (1) | (3) | (14) | (10) | (3) | (6) | (207) | (8) | +86.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (45) | 1 | 0 | 0 | 1 | 3 | 4 | 26 | 34 | 151 | 46 | n/m | |||||
| Net debt | 0 | 0 | 0 | 0 | 0 | (1) | (2) | (1) | (2) | 72 | 43 | n/m | ||||||
| Shareholders’ equity | (45) | 1 | 0 | 0 | 1 | 12 | 9 | 26 | 34 | 139 | 39 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (2,657.78) | (13,226.07) | (254.98) | (716.59) | (259.07) | (269.79) | (132.33) | 42.19 | (3.89) | (26.38) | (190.71) | +2,631.4 pt | |||||
| ROIC | 0.00 | (466.98) | 0.00 | 0.00 | (190.66) | (104.61) | (152.20) | (10.92) | (2.43) | (8.84) | (89.67) | (8.8) pt | ||||||
| ROE | 184.28 | 203.25 | (646.46) | 789.59 | (594.79) | (321.24) | (148.29) | 47.48 | (4.63) | (39.52) | (380.91) | (223.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 5 | 7 | 9 | — | +18.2% | |||||
| Revenue/emp, $m | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.34 | 0.27 | 0.58 | 1.83 | — | +29.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
BTCS Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SRL Scully Royalty Ltd. | $61.4M | — (loss-making) | — (loss-making) | −47.57% (below 0%: shrinking) | n/m | +1,200.58% (above 0%: growing) | 0.00% | 0.00% | Compare |
| MATH Metalpha Technology Holding Limited | $49.2M | — (loss-making) | — (loss-making) | +162.83% (above 0%: growing) | −83.33% (below 0%: shrinking) | −28.12% (below 0%: shrinking) | 11.31% | 0.00% | Compare |
| BTCS BTCS Inc. | $46.2M | — (loss-making) | 65.0× | −11.87% (below 0%: shrinking) | n/m | +104.59% (above 0%: growing) | 61.08% | (1,361.27%) | |
| HGBL Heritage Global Inc. | $43.7M | — (loss-making) | — (loss-making) | +28.44% (above 0%: growing) | +50.00% (above 0%: growing) | +1,218.88% (above 0%: growing) | 0.00% | 7.16% | Compare |
| NCTY The9 Limited | $38.6M | — (loss-making) | — | −90.91% (below 0%: shrinking) | n/m | −72.45% (below 0%: shrinking) | 44.80% | (1,883.71%) | Compare |
| STEX Streamex Corp. | $37.9M | — (loss-making) | — (loss-making) | +1,116.67% (above 0%: growing) | n/m | −818.54% (below 0%: shrinking) | 100.00% | (10,384.25%) | Compare |
| CANG Cango Inc. Sponsored ADR | $37.5M | — (loss-making) | — (loss-making) | −63.69% (below 0%: shrinking) | n/m | −145,939.21% (below 0%: shrinking) | (33.17%) | (158.75%) | Compare |
| DOMH Dominari Holdings Inc. | $36.4M | — (loss-making) | — (loss-making) | −56.86% (below 0%: shrinking) | n/m | −2,705.10% (below 0%: shrinking) | 100.00% | (6.80%) | Compare |
| VIP Vulcan Infrastructure and Power Inc | $36.0M | 10.8× | — (loss-making) | −73.68% (below 0%: shrinking) | n/m | +32.03% (above 0%: growing) | (141.33%) | (284.79%) | Compare |
| Median of peers | $38.3M | — | — | −52.21% | — | −50.28% | 5.66% | (82.77%) |
Pay and ownership Proxy statement filed 15 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 2.71m | 4.54m | 139.00 |
| 2024 | 2.96m | 2.83m | 130.00 |
| 2023 | 804.32k | 804.32k | 88.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement