Btcs (BTCS) Gross Margin (2011 - 2025)
Btcs (BTCS) posted Gross Margin of 12.4% for Q4 2025, down 43.71% quarter-over-quarter from 22.03% in Q3 2025, and up 951.0% year-on-year from 1.18% in Q4 2024.
Btcs (BTCS) Gross Margin (2011 - 2025) Analysis & Trends
Btcs (BTCS) has reported Gross Margin for 12 consecutive years, with 12.4% the latest figure, recorded in Q4 2025.
- Gross Margin for Q4 2025 came in at 12.4%, up 951.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 12.17% (down 1105.0% YoY), and the FY2025 annual result was 12.19%, down 1104.0% from the prior year.
- Gross Margin was 12.4% for Q4 2025 at Btcs, down from 22.03% in the prior quarter.
- Over five years, Gross Margin peaked at 84.43% in Q2 2021 and troughed at 2.92% in Q2 2025.
- Average Gross Margin over 5 years is 55.04%, with a median of 71.26% recorded in 2021.
- Year-over-year, Gross Margin jumped 1666 bps in 2023 and slumped 7283 bps in 2025.
- Over 5 years, Gross Margin stood at 71.98% in 2021, then slipped by 19 bps to 58.48% in 2022, then gained by 28 bps to 75.15% in 2023, then tumbled by 96 bps to 2.89% in 2024, then soared by 329 bps to 12.4% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 12.4% in Q4 2025, 22.03% in Q3 2025, and 2.92% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 10 | Btcs | 37.17 Mn | -174.19 Mn | 879,072.00 | 12.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.40% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | -2.92% |
| Mar 31, 2025 | 7.12% |
| Dec 31, 2024 | 2.89% |
| Sep 30, 2024 | 26.50% |
| Jun 30, 2024 | 69.91% |
| Mar 31, 2024 | 64.42% |
| Dec 31, 2023 | 75.15% |
| Sep 30, 2023 | 73.72% |
| Jun 30, 2023 | 70.55% |
| Mar 31, 2023 | 73.67% |
| Dec 31, 2022 | 58.48% |
| Sep 30, 2022 | 76.12% |
| Jun 30, 2022 | 81.74% |
| Mar 31, 2022 | 75.51% |
| Dec 31, 2021 | 71.98% |
| Sep 30, 2021 | 77.83% |
| Jun 30, 2021 | 84.43% |
| Mar 31, 2021 | 79.32% |