BTCS Stock Financial Analysis - BTCS Inc. (NasdaqCM) Stock

Overview

BTCS Inc. is a U.S.-based company situated within the burgeoning blockchain technology sector. Primarily, it focuses on digital asset ecosystems and related technologies. A key player in the validation of transactions on blockchain networks, BTSC Inc. specializes in crypto staking on various blockchain infrastructure projects. This operation not only supports the underlying blockchain technology but also allows the company to generate revenue through rewards derived from the staking processes. Incredible growth potential rests on BTCS’s ability to expand its staking operations and investments in supportive technology for the blockchain space, which in turn augments its operational footprint and market influence in a rapidly evolving industry.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for BTCS Inc. as of June 30, 2025 is 7.52 MM.
The operating income for BTCS Inc. as of June 30, 2025 is -9.42 MM.
The net income for BTCS Inc. as of June 30, 2025 is -20.19 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	7.52	-9.42	-20.19
2025-03-31	5.31	-8.89	-30.80
2024-12-31	4.07	-8.16	-1.27
2024-09-30	2.08	-4.62	3.80
2024-06-30	1.65	-3.63	9.56
2024-03-31	1.48	-3.52	15.11
2023-12-31	1.34	-3.71	7.82
2023-09-30	1.28	-3.68	-0.89
2023-06-30	1.31	-4.05	1.36
2023-03-31	1.44	-3.88	-5.19
2022-12-31	1.69	-4.65	-15.89
2022-09-30	1.86	-5.94	-15.08
2022-06-30	1.84	-10.03	-17.89
2022-03-31	1.70	-11.03	-15.01
2021-12-31	1.21	-17.12	-16.05
2021-09-30	0.78	-15.50	-16.23
2021-06-30	0.45	-11.32	-13.39
2021-03-31	0.07	-9.63	-8.97
2020-12-31		-1.99	-2.56
2020-09-30		-2.03	-2.52

Income Statement: EPS

The earnings per share basic for BTCS Inc. as of June 30, 2025 is -1.08.
The earnings per share diluted for BTCS Inc. as of June 30, 2025 is -1.08.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	-1.08	-1.08
2025-03-31	-1.78	-1.77
2024-12-31	-0.08	-0.08
2024-09-30	0.24	0.22
2024-06-30	0.63	0.51
2024-03-31	1.04	0.84
2023-12-31	0.55	0.45
2023-09-30	-0.07	-0.06
2023-06-30	0.10	0.09
2023-03-31	-0.40	-0.39
2022-12-31	-1.25
2022-09-30	-0.83	-0.83
2022-06-30	-1.23	-1.23
2022-03-31	-1.17	-1.17
2021-12-31	-2.35
2021-09-30	-4.09	-4.09
2021-06-30	-4.25	-4.25
2021-03-31	-3.83	-3.83
2020-12-31	-0.86
2020-09-30	-0.99	-0.99

Cash Flow: Operations, Investing, Financing

The cash from operating activities for BTCS Inc. as of June 30, 2025 is -5.07 MM.
The cash from investing activities for BTCS Inc. as of June 30, 2025 is -16.53 MM.
The cash from financing activities for BTCS Inc. as of June 30, 2025 is 21.70 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-5.07	-16.53	21.70
2025-03-31	-4.66	-2.65	6.91
2024-12-31	-3.53	-2.63	6.68
2024-09-30	-3.26	0.53	2.23
2024-06-30	-3.21	0.80	2.00
2024-03-31	-3.21	0.25	2.18
2023-12-31	-3.56	0.19	2.69
2023-09-30	-3.34	0.06	1.15
2023-06-30	-3.47	-0.22	1.45
2023-03-31	-0.85	-0.85	0.89
2022-12-31	-0.78	-8.97	10.50
2022-09-30	-1.09	-8.85	12.17
2022-06-30	-0.92	-9.81	11.01
2022-03-31	-3.38	-9.69	11.95
2021-12-31	-4.86	-9.47	15.21
2021-09-30	-5.21	-9.47	14.97
2021-06-30	-5.15	-8.50	16.48
2021-03-31	-5.24	-7.99	16.32
2020-12-31	-2.97		3.35
2020-09-30	-2.03		2.10

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for BTCS Inc. as of June 30, 2025 is 2.15.
The p/tbv for BTCS Inc. as of June 30, 2025 is 2.49.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		2.15	2.49
2025-03-31		0.92	0.92
2024-12-31		1.72	1.72
2024-09-30	2.06	0.59	0.59
2024-06-30	1.44	0.56	0.56
2024-03-31		0.95	0.95
2023-12-31	-5.24	2.78	2.78
2023-09-30	-2.77	1.56	1.56
2023-06-30	-1.39	1.79	1.79
2023-03-31	-1.18	1.73	1.73
2022-12-31	-1.48	2.17	2.17
2022-09-30	-1.13	1.65	1.65
2022-06-30	-0.92	1.59	1.59
2022-03-31	-1.09	0.94	0.94
2021-12-31	-0.85	1.13	1.13
2021-09-30	-0.81	1.55	1.55
2021-06-30
2021-03-31	-0.81	0.47	0.47
2020-12-31	-2.14	5.23	5.23
2020-09-30	-1.70	-37.86	-37.86

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for BTCS Inc. as of June 30, 2025 is -0.66.
The ebit (3y)/ev for BTCS Inc. as of June 30, 2025 is -0.19.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.66	-0.19
2025-03-31	-0.04	0.02
2024-12-31	0.08	-0.03
2024-09-30	0.44	-0.15
2024-06-30	0.64	-0.16
2024-03-31	0.30	-0.31
2023-12-31	-0.18	-0.47
2023-09-30	-0.32	-0.80
2023-06-30	-0.79	-0.98
2023-03-31	-1.01	-0.87
2022-12-31	-0.78	-0.58
2022-09-30	-1.07	-0.80
2022-06-30	-1.34	-0.83
2022-03-31	-1.00	-0.57
2021-12-31	-0.83	-0.35
2021-09-30	-0.83	-0.34
2021-06-30
2021-03-31	-0.85	-0.37
2020-12-31	-0.50	-0.33
2020-09-30	-0.59	-0.32

Management Effectiveness

The roa for BTCS Inc. as of June 30, 2025 is -0.91.
The roe for BTCS Inc. as of June 30, 2025 is -0.93.
The roic for BTCS Inc. as of June 30, 2025 is -1.50.
The croic for BTCS Inc. as of June 30, 2025 is -0.02.
The ocroic for BTCS Inc. as of June 30, 2025 is -0.23.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.91	-0.93	-1.50	-0.02	-0.23
2025-03-31	-0.03	-0.03	-0.04	0.02	-0.10
2024-12-31	0.14	0.15	0.15	-0.02	-0.13
2024-09-30	1.07	1.13	0.29	-0.01	-0.10
2024-06-30	1.59	1.69	0.38	-0.02	-0.08
2024-03-31	0.79	0.84	0.30	-0.03	-0.14
2023-12-31	-0.39	-0.43	-0.53	-0.25	-0.40
2023-09-30	-0.42	-0.47	-0.56	-0.26	-0.40
2023-06-30	-1.01	-1.11	-0.56	-0.26	-0.40
2023-03-31	-0.74	-0.86	-1.29	-0.09	-0.09
2022-12-31	-1.15	-1.78	-1.46	0.22	-0.11
2022-09-30	-1.15	-1.78	-1.46	0.22	-0.11
2022-06-30	-1.24	-1.38	-1.72	0.03	-0.09
2022-03-31	-0.93	-0.98	-0.82	-0.06	-0.18
2021-12-31	-10.34	-15.38	-1.24	0.07	-0.38
2021-09-30	-12.49		-1.74	0.03	-0.56
2021-06-30	-15.52	-214.00	-0.94	0.20	-0.36
2021-03-31	-19.23		-0.56	0.19	-0.33
2020-12-31	-6.07		-2.17	0.32	-2.53
2020-09-30	-4.65	-6.14	-9.59	0.26	-7.72

Gross Margins

The gross margin for BTCS Inc. as of June 30, 2025 is 0.15.
The net margin for BTCS Inc. as of June 30, 2025 is -5.80.
The operating margin for BTCS Inc. as of June 30, 2025 is -1.67.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.15	-5.80	-1.67
2025-03-31	0.23	-0.31	-2.00
2024-12-31	0.54	1.83	-2.22
2024-09-30	0.70	5.78	-2.19
2024-06-30	0.74	10.69	-2.49
2024-03-31	0.73	5.84	-2.77
2023-12-31	0.70	-3.48	-2.87
2023-09-30	0.70	-3.70	-3.08
2023-06-30	0.74	-3.70	-3.08
2023-03-31	0.77	-8.03	-2.69
2022-12-31	0.77	-8.11	-3.20
2022-09-30	0.77	-8.11	-3.20
2022-06-30	0.77	-9.74	-5.46
2022-03-31	0.77	-8.81	-6.47
2021-12-31	0.78	-13.23	-14.11
2021-09-30	0.81	-20.90	-19.96
2021-06-30	0.84	-29.56	-24.98
2021-03-31	0.79	-123.66	-132.80
2020-12-31
2020-09-30