BTCS Inc. (BTCS) has a 5-year average return on invested capital (ROIC) of -20.1%. This is below average and may indicate limited pricing power.
BTCS Inc. (BTCS) has a market capitalization of $33M. It is classified as a small-cap stock.
Yes, BTCS Inc. (BTCS) pays a dividend with a trailing twelve-month yield of 8.11%. The company also returns capital through share buybacks, with a buyback yield of 12.11%.
BTCS Inc. (BTCS) operates in the Finance Services industry, within the Financials sector.
BTCS Inc. (BTCS) generated $-10 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
BTCS Inc. (BTCS) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
BTCS Inc. (BTCS) reported earnings per share (EPS) of $-1.00 in its most recent fiscal year.
ITEM 1. BUSINESS BTCS Inc. (“BTCS” or the “Company”) is a Nasdaq-listed blockchain technology company focused on advancing blockchain infrastructure. Since 2014, BTCS has established itself as one of the only publicly traded U.S. companies with a primary emphasis on proof-of-stake (“PoS”) and delegated proof-of-stake (“dPoS”) blockchain networks. The Company’s goal is to drive scalable revenue by leveraging its robust blockchain infrastructure to develop innovative business lines that complement and enhance its core operations. BTCS’s primary activities include Ethereum block-building (“Builder+”) and validator node operations (“NodeOps”) across PoS and dPoS networks. The Company generates native token rewards by staking the Company’s crypto assets (also referred to “cryptocurrencies”, “crypto”, “digital assets”, or “tokens”) to validator nodes (“nodes”) operated by BTCS and other third-parties.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 4.1M | - | - | - |
| Net Income | -33M | -33M | -1.3M | 7.8M | -16M | -21M |
| EPS | $-1.00 | $-1.00 | $-0.04 | $0.23 | $-0.63 | $-1.55 |
| Free Cash Flow | -9.8M | -9.8M | -3.5M | 3.6M | -782K | -4.9M |
| ROIC | 0.0% | -36.0% | -4.2% | - | - | - |
| Gross Margin | - | - | 23.2% | - | - | - |
| Debt/Equity | 0.08 | 0.08 | 0.12 | - | - | 0.17 |
| Dividends/Share | $0.08 | $0.08 | - | $0.00 | $0.02 | $0.00 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -23.9% | -38.5% | -4.2% | - | - | -321.2% |
| Shares Outstanding | 33M | 33M | 32M | 35M | 25M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3M | 1.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.1M | N/A | 0 |
| Gross Margin | 31.3% | 31.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 23.2% | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 713K | 612K | 687K | 756K | 679K | 679K |
| SG&A | 319K | 377K | 14M | 8.1M | 1.3M | 1.6M | 987K | 1.6M | 1.9M | 1.5M | 1.0M | 1.6M | 1.6M |
| EBIT | -29K | 89K | -15M | -8.2M | N/A | N/A | -990K | N/A | N/A | N/A | N/A | N/A | 0 |
| Op. Margin | -2.3% | 5.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -25K | 98K | -15M | -10M | -44M | -45M | -832K | -21M | -16M | 7.8M | -1.3M | -33M | -33M |
| Net Margin | -2.0% | 6.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -31.2% | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 400K | 254K | 2.3M | 0 | 0 | 3.8M | 13M | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -4.0% | 10.9% | N/M | N/M | N/A | N/A | N/M | N/A | N/A | N/A | -4.2% | -36.0% | 0.0% |
| ROE | 4.9% | -38.0% | -192098.6% | N/A | 184.3% | 203.3% | N/A | -321.2% | N/A | N/A | -4.2% | -38.5% | -23.9% |
| ROA | -5.3% | N/A | -9540.1% | -573.0% | -2657.8% | -13226.2% | -1317.5% | -269.8% | -132.3% | 42.2% | -3.9% | -26.4% | -15.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -532K | 253K | -1.1M | -797K | -828K | -1.5M | -506K | -4.9M | -777K | 3.6M | -3.5M | -9.8M | -9.8M |
| Free Cash Flow | -535K | 229K | -1.4M | -1.3M | -843K | -1.5M | -508K | -4.9M | -782K | 3.6M | -3.5M | -9.8M | -9.8M |
| Owner Earnings | -532K | 250K | -14M | -7.5M | -270M | -64M | -507K | -20M | -3.4M | 2.2M | -6.0M | -10M | -10M |
| CapEx | 3K | 24K | 345K | 553K | 15K | 1K | 3K | 10K | 5K | 5K | 3K | 13K | 13K |
| Maint. CapEx | 0 | 3K | 27K | 299K | 182K | 1K | 1K | 0 | 4K | 5K | 6K | 4K | 4K |
| Growth CapEx | 3K | 21K | 319K | 254K | 0 | 0 | 1K | 10K | 1K | 0 | 0 | 9K | 9K |
| D&A | 0 | 3K | 27K | 299K | 182K | 1K | 1K | 0 | 4K | 5K | 6K | 4K | 4K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 631K | 0 | 0 | 2.7M | 2.7M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.1% |
| Share Buybacks | 0 | 0 | 2K | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.0M | 4.0M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | N/A | 0.0% | 12.1% |
| Stock-Based Comp | N/A | N/A | 13M | 6.4M | 269M | 62M | N/A | 15M | 2.6M | 1.3M | 2.4M | 657K | 657K |
| Debt Repayment | 471K | 215K | 0 | 0 | 0 | 0 | 0 | 2.0M | 0 | 0 | 0 | 61M | 61M |
| Balance Sheet | |||||||||||||
| Net Debt | 465K | 621K | N/A | 1.7M | 3.2M | N/A | 96K | N/A | N/A | N/A | N/A | 10M | 10M |
| Cash & Equiv. | 6K | 9K | 5K | 125K | 95K | 303K | 52K | 1.4M | 2.1M | 1.5M | 2.0M | 1.5M | 1.5M |
| Long-Term Debt | 471K | -215K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12M | 12M |
| Debt/Equity | -0.87 | 25.50 | 2.09 | -0.65 | -0.07 | 0.15 | -0.78 | 0.17 | N/A | N/A | 0.12 | 0.08 | 0.08 |
| Interest Coverage | N/A | N/A | N/A | -690.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | -542K | 25K | 8K | -2.8M | -45M | 513K | -256K | 12M | N/A | N/A | 34M | 139M | 139M |
| Total Assets | 588K | N/A | 274K | 3.2M | 98K | 589K | 63K | 14M | 9.9M | 27M | 38M | 215M | 215M |
| Total Liabilities | 1.1M | N/A | 16K | 6.0M | 45M | 76K | 14K | 2.0M | N/A | N/A | 4.2M | 75M | 75M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -1.1M | 17K | -15M | -25M | -69M | -115M | -115M | -136M | -151M | -139M | -140M | -173M | -173M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | N/A | 0.16 | -8.77 | -282.00 | -2,339.87 | -10.90 | -2.10 | -1.55 | -0.63 | 0.23 | -0.04 | -1.00 | -1.00 |
| Owner EPS | N/A | 0.40 | -8.45 | -209.92 | -14,261.60 | -15.23 | -0.63 | -1.49 | -0.13 | 0.06 | -0.19 | -0.31 | -0.31 |
| Book Value | N/A | 0.04 | 0.00 | -78.31 | -2,391.95 | 0.12 | -0.32 | 0.89 | N/A | N/A | 1.07 | 4.18 | 4.18 |
| Cash Flow/Share | N/A | 0.40 | -0.63 | -22.36 | -43.79 | -0.36 | -0.63 | -0.36 | -0.03 | 0.10 | -0.11 | -0.29 | -1.00 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.02 | 0.00 | N/A | 0.08 | 0.08 |
| Shares Out. | N/A | 0.6M | 1.7M | 0.0M | 0.0M | 4.2M | 0.8M | 13.7M | 25.4M | 34.7M | 31.8M | 33.4M | 33.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.0 | N/A | N/A | 1.2 | N/A | 0.2 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.6 | N/A | N/A |
| FCF Yield | N/A | N/A | -1.4% | N/A | N/A | N/A | N/A | -20.5% | N/A | N/A | -8.9% | N/A | -29.7% |
| Market Cap | 0 | 0 | 102M | 0 | 0 | 0 | 0 | 24M | 0 | 0 | 40M | 0 | 33M |
| Avg. Price | 0.00 | 0.00 | 7,910.05 | 0.00 | 0.00 | 0.00 | 0.00 | 7.92 | 0.00 | 0.00 | 1.69 | 0.00 | 0.99 |
| Year-End Price | 0.00 | 0.00 | 1,368.86 | 0.00 | 0.00 | 0.00 | 0.00 | 3.48 | 0.00 | 0.00 | 2.51 | 0.00 | 0.99 |
BTCS Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 23.2%. Total shareholder yield (dividends + buybacks) is 20.2%.
BTCS Inc. (BTCS) has a return on equity (ROE) of -38.5%. A negative ROE may indicate losses or negative equity.
BTCS Inc. (BTCS) has a 5-year average gross margin of 23.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for BTCS Inc. (BTCS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BTCS Inc. (BTCS) has a book value per share of $4.18, based on its most recent annual SEC filing.