BTCS (BTCS) AI Stock Analysis

• Market Cap: $73.54M
• Dividend Yield: 1.65%
• Average Volume (3M): 854.54K
• Price to Earnings (P/E): 2.2
• Beta (1Y): -0.06
• Revenue Growth: 482.50%
• EPS Growth: 82.04%
• Country: US
• Employees: 7
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.30
• Shares Outstanding: 46,838,530
• 10 Day Avg. Volume: 784,965
• 30 Day Avg. Volume: 854,539
• PEG Ratio: 0.28
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 9.86
• P/FCF Ratio: -11.37
• Enterprise Value/Market Cap: 1.87
• Enterprise Value/Revenue: 11.74
• Enterprise Value/Gross Profit: 115.22
• Enterprise Value/Ebitda: -38.91
• 1Y Price Target: $7.00
• Price Target Upside: 343.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.02
• Revenue Forecast (FY): $19.60M

• Rating: 56 Neutral
• Price Target: $2.50 ▲(58.23% Upside)
• Action: Reiterated Date: 01/06/26
• Date: Action: Reiterated 01/06/26

The score is primarily held back by weak operating profitability and persistent negative free cash flow despite strong revenue growth and a relatively low-leverage balance sheet. Technicals are also bearish with the stock trading below key moving averages. Offsetting these risks are a low P/E with a dividend yield and generally positive recent corporate developments.

Positive Factors

Low Leverage / Strong Equity Base

Very low debt-to-equity provides lasting financial flexibility to invest in blockchain infrastructure, absorb crypto market volatility, and pursue strategic initiatives without immediate refinancing pressure. This supports multi-quarter execution while cash flow improves.

Material Revenue Acceleration & Product Expansion

Rapid top-line growth combined with new Imperium business and Aave integration signals structural expansion into Ethereum/DeFi revenue streams. Diversifying into protocol integrations can create scalable, recurring rewards and fees over multiple quarters if adoption continues.

Stronger Executive Incentives and Retention

Shifting pay to formulaic, revenue-and-liquidity metrics and multi-year RSUs aligns management with sustained growth and shareholder value. Promotion of a CTO and retention-focused vesting supports technology execution and continuity over the medium term.

Negative Factors

Persistent Negative Operating Cash Flow

Continued operating cash burn signals the core business does not yet generate self-sustaining cash, forcing reliance on external funding or asset dispositions. Over several quarters this raises execution and dilution risk if ramping revenue doesn’t convert to positive cash flow.

Operating Profitability Weakness / Earnings Quality

Negative EBIT/EBITDA margins despite episodic net income indicate operating losses and volatile, non-recurring gains are masking core performance. This undermines confidence in sustainable profitability and makes forecasting operating leverage over months unreliable.

Emerging Debt Increase to Monitor

A recent jump in debt versus prior history reduces the prior low-leverage buffer just as cash burn persists. If operating cash flow remains negative, higher debt servicing needs could strain liquidity and constrain strategic investments in the coming quarters.

BTCS Business Overview & Revenue Model

Company Description

BTCS Inc. focuses on digital assets and blockchain technologies. The company secures disruptive next-generation blockchains and operates validator nodes on various proof of stake-based blockchain networks. It also develops a proprietary Digital Asset Platform that allows users to evaluate their crypto portfolio holdings across multiple exchanges and chains on a single platform. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was founded in 2013 and is based in Silver Spring, Maryland.

How the Company Makes Money

BTCS makes money primarily through its blockchain infrastructure operations, including cryptocurrency staking and transaction verification services. These activities involve validating transactions on blockchain networks, for which BTCS earns rewards in the form of cryptocurrencies. Additionally, the company may generate revenue from its blockchain analytics services, which support businesses and individuals in navigating the complexities of digital asset management. BTCS's earnings are significantly influenced by the performance of the cryptocurrency market and its ability to efficiently manage and scale its blockchain infrastructure operations.

BTCS Financial Statement Overview

Summary

Revenue growth is strong, and leverage remains low, but operating profitability and cash flow are consistently negative. The unusually high TTM net income alongside operating losses suggests volatile, non-operating-driven earnings quality, while persistent negative free cash flow signals ongoing funding risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up sharply (+55.8%), showing strong top-line momentum versus prior annual periods. However, underlying profitability remains weak: operating performance is still deeply negative (TTM EBIT and EBITDA margins are negative), suggesting the core business is not yet self-funding. Net income in TTM is exceptionally high versus revenue, but given the continued operating losses, the earnings quality looks volatile and likely driven by non-operating factors rather than sustainable operating improvement.

Balance Sheet

The balance sheet shows substantial equity relative to debt in TTM, with low leverage (debt-to-equity ~0.05), which provides flexibility. Total assets and equity have expanded significantly versus prior years, and TTM return on equity is strong, but it appears influenced by the same unusually large net income while operating results remain negative. Key risk: total debt rose materially in TTM versus prior annual periods (which showed no debt), so the trajectory is improving scale but with a new leverage component to monitor.

Cash Flow

Cash generation is the weakest area: operating cash flow and free cash flow are negative in TTM and were also negative across the annual history provided, indicating persistent cash burn. While TTM cash burn is larger in absolute dollars than recent annual periods, the company’s free cash flow trend shows improvement versus the prior year (positive free cash flow growth), but it remains meaningfully below breakeven. The ongoing need to fund operations externally is the primary financial risk signal in the statements.

Breakdown	TTM	Dec 2024	Dec 2023	Mar 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.72M	4.07M	1.34M	1.69M	1.21M	0.00
Gross Profit	1.19M	946.01K	979.85K	1.27M	944.94K	0.00
EBITDA	-3.54M	-8.16M	-3.71M	-4.65M	-13.99M	-2.15M
Net Income	54.44M	-1.27M	7.82M	-15.86M	-16.05M	-2.56M
Balance Sheet
Total Assets	298.86M	38.25M	27.15M	9.92M	14.10M	1.55M
Cash, Cash Equivalents and Short-Term Investments	4.49M	38.07M	26.68M	4.07M	5.14M	524.13K
Total Debt	67.60M	0.00	0.00	0.00	0.00	131.94K
Total Liabilities	73.45M	4.25M	980.90K	586.41K	2.00M	508.61K
Stockholders Equity	225.40M	34.00M	26.17M	9.33M	12.10M	1.04M
Cash Flow
Free Cash Flow	-6.86M	-3.53M	-3.57M	-782.18K	-4.87M	-2.06M
Operating Cash Flow	-6.84M	-3.53M	-3.56M	-776.78K	-4.86M	-2.06M
Investing Cash Flow	-200.00M	-2.63M	186.00K	-8.97M	-9.47M	-908.08K
Financing Cash Flow	211.40M	6.68M	2.69M	10.50M	15.21M	3.35M

BTCS Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTCS, the sentiment is Negative. The current price of 1.58 is below the 20-day moving average (MA) of 1.97, below the 50-day MA of 2.57, and below the 200-day MA of 3.46, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 30.22 is Neutral, neither overbought nor oversold. The STOCH value of 21.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BTCS.

BTCS Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BTCS	56 Neutral	$73.54M	2.22	43.45%	1.65%	482.50%	82.04%
BTM	56 Neutral	$69.87M	7.90	1375.23%	―	8.60%	―
SUIG	48 Neutral	$100.51M	-2.16	-20.35%	―	-19.68%	-1055.59%
GREE	45 Neutral	$20.06M	-5.80	―	―	-3.52%	83.39%
MIGI	42 Neutral	$16.16M	-0.24	―	―	-11.39%	79.96%
ARBK	39 Underperform	$7.75M	-0.02	―	―	-13.86%	-32.19%

BTCS Corporate Events

BTCS Adopts New 2026 Executive Compensation Framework

On January 1, 2026, BTCS Inc.’s board, following the recommendation of its compensation committee and an independent consultant, approved payouts for its 2025 performance-based incentive program, calculated on a conservative unaudited revenue estimate of approximately $16 million and delivered through $495,808 in cash, 398,208 fully vested shares of common stock and 690,300 stock options, with final amounts subject to audit-driven adjustments and no discretionary bonuses paid to executives. For 2026, the company adopted a results-driven compensation structure that eliminates discretionary executive bonuses and ties annual incentives solely to revenue (75% weighting, with a $15–35 million performance range) and cash-and-crypto liquidity (25% weighting, with a $276.25–568.75 million range), increased base salaries for key executives and independent directors, promoted Ben Hunter to chief technology officer, and launched a long-term RSU program of up to 5.42 million units for executives and employees that vests over five years based on stock price and market capitalization milestones plus continued service, underscoring a strong alignment between management rewards, shareholder value creation, and retention.

The most recent analyst rating on (BTCS) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on BTCS stock, see the BTCS Stock Forecast page.

BTCS Announces Record Q3 2025 Financial Results

On November 14, 2025, BTCS Inc. announced record financial results for the third quarter of 2025, with revenue increasing 568% year-over-year to $4.94 million, and net income reaching $65.59 million. The company expanded its Ethereum holdings significantly and launched its new Imperium business line, enhancing its position in decentralized finance. BTCS also became the first public company to integrate Aave into its operations, aiming to generate scalable revenue growth without shareholder dilution. These strategic moves, along with a share repurchase program and the issuance of a dividend in Ethereum, are designed to enhance shareholder value and position BTCS as a leader in the Ethereum economy.

The most recent analyst rating on (BTCS) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on BTCS stock, see the BTCS Stock Forecast page.