Btcs Inc (BTCS)
NASDAQ:BTCS
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BTCS
(NASDAQ:BTCS)
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Rating:51Neutral
Price Target:
$2.00
▲(25.00% Upside)
Action:ReiteratedDate:04/16/26
The score is held back primarily by weak financial performance—large losses, margin compression, and ongoing cash burn—despite strong revenue growth and low balance-sheet leverage. Technicals are mixed with the stock below longer-term averages and negative MACD, while valuation is constrained by a negative P/E but supported modestly by the dividend yield. Corporate updates are constructive (profit/liquidity-focused incentives and debt reduction), providing a modest uplift.
Positive Factors
Revenue Growth & Ethereum Focus
Record 2025 revenue surged 305% to $16.5M driven by Ethereum-focused Builder+ block-building and staking, with Imperium contributing. This indicates scalable, demand-driven growth and strengthens BTCS's position in Ethereum infrastructure, supporting durable top-line expansion as network participation grows.
Negative Factors
Severely Compressed Profitability
Gross margin collapse to ~12% and a net margin near -202% reflect deep operating losses despite revenue growth. Such poor profitability undermines operating leverage and earnings quality; without sustained margin recovery, top-line gains are unlikely to convert into positive cash flow or long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Ethereum Focus
Record 2025 revenue surged 305% to $16.5M driven by Ethereum-focused Builder+ block-building and staking, with Imperium contributing. This indicates scalable, demand-driven growth and strengthens BTCS's position in Ethereum infrastructure, supporting durable top-line expansion as network participation grows.
Read all positive factors
BTCS (BTCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$102.54M
Dividend Yield1.65%
Average Volume (3M)672.26K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth311.39%
EPS Growth-1098.01%
CountryUS
Employees7
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-1.58
Shares Outstanding49,775,370
10 Day Avg. Volume735,688
30 Day Avg. Volume672,259
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.63
Price to Sales (P/S)5.31
P/FCF Ratio-8.94
Enterprise Value/Market Cap1.62
Enterprise Value/Revenue10.09
Enterprise Value/Gross Profit82.99
Enterprise Value/Ebitda-1.18K
Forecast
1Y Price Target
$5.00Price Target Upside212.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)$19.60M
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 As...
How the Company Makes Money
BTCS generates revenue primarily from blockchain infrastructure and network-participation activities where available, including earning rewards from operating validator nodes on proof-of-stake blockchain networks (typically paid in the network’s n...
BTCS Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
20
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.49M | 4.07M | 1.34M | 1.69M | 1.21M |
| Gross Profit | 2.01M | 946.01K | 979.85K | 1.27M | 944.94K |
| EBITDA | -5.99M | -8.16M | -3.71M | -4.65M | -13.99M |
| Net Income | -33.35M | -1.27M | 7.82M | -15.86M | -16.05M |
Balance Sheet | |||||
| Total Assets | 214.63M | 38.25M | 27.15M | 9.92M | 14.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.53M | 38.07M | 26.68M | 4.07M | 5.14M |
| Total Debt | 11.84M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 75.22M | 4.25M | 980.90K | 586.41K | 2.00M |
| Stockholders Equity | 139.42M | 34.00M | 26.17M | 9.33M | 12.10M |
Cash Flow | |||||
| Free Cash Flow | -9.80M | -3.53M | -3.57M | -782.18K | -4.87M |
| Operating Cash Flow | -9.78M | -3.53M | -3.56M | -776.78K | -4.86M |
| Investing Cash Flow | -197.50M | -2.63M | 186.00K | -8.97M | -9.47M |
| Financing Cash Flow | 206.83M | 6.68M | 2.69M | 10.50M | 15.21M |
BTCS Technical Analysis
Neutral
1.60
Price Trends
1.64
Positive
2.28
Negative
3.31
Negative
Market Momentum
0.03
Negative
67.75
Neutral
92.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTCS, the sentiment is Neutral. The current price of 1.6 is above the 20-day moving average (MA) of 1.56, below the 50-day MA of 1.64, and below the 200-day MA of 3.31, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 67.75 is Neutral, neither overbought nor oversold. The STOCH value of 92.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BTCS.
BTCS Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | $102.54M | -2.63 | -32.04% | 1.65% | 311.39% | -1098.01% | |
46 Neutral | $114.44M | -0.25 | -172.41% | ― | -139.69% | -1974.85% | |
45 Neutral | $18.83M | 1.61 | ― | ― | -1.27% | ― | |
45 Neutral | $24.69M | -0.08 | 424.23% | ― | -32.92% | 53.41% | |
45 Neutral | $75.69M | -7.15 | -152.67% | ― | 7.17% | ― | |
39 Underperform | $7.83M | -0.41 | ― | ― | ― | ― |
* Financial Sector Average
BTCS
BTCS
2.16
0.39
22.03%
GREE
Greenidge Generation Holdings
1.25
0.15
13.64%
SUIG
Sui Group Holdings
1.54
-0.04
-2.53%
MIGI
Mawson Infrastructure Group
4.66
-7.70
-62.30%
ARBK
Argo Blockchain
3.26
-88.86
-96.46%
BTM
Bitcoin Depot
6.70
-3.87
-36.61%
BTCS Corporate Events
Business Operations and StrategyFinancial Disclosures
BTCS Highlights Record 2025 Growth and Ethereum Expansion
Positive
Mar 27, 2026
On March 27, 2026, BTCS reported that full-year 2025 revenue surged 305% to a record $16.5 million, driven mainly by its Ethereum-focused Builder+ block-building operations and staking, while Imperium, launched in Q3 2025, contributed $1.3 million...
Business Operations and StrategyExecutive/Board Changes
BTCS Updates 2026 Executive Incentive Compensation Program
Positive
Mar 16, 2026
On March 13, 2026, BTCS’s board approved revisions to its 2026 Annual Performance Incentive Program for executive officers and employees, replacing milestones set earlier in the year and eliminating discretionary bonuses for executives. The ...
Business Operations and StrategyFinancial Disclosures
BTCS Sells Ethereum Holdings to Reduce Aave Debt
Positive
Feb 6, 2026
On February 5, 2026, BTCS sold 10,000 ETH for net proceeds of $18.7 million and used the funds to repay outstanding principal indebtedness on the DeFi lending platform Aave, reducing its remaining debt balance there to $43.8 million, including acc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.