Btcs (BTCS) Gross Margin (2011 - 2026)
Btcs' (BTCS) quarterly Gross Margin came in at 61.08% in Q2 2026, up 6386.0% on a YoY basis from 0.94% in Q2 2025, and up 392.48% quarter-over-quarter from 12.4% in Q4 2025.
Analysis
Btcs (BTCS) Gross Margin (2011 - 2026) Analysis & Trends
Btcs (BTCS) has reported Gross Margin for 13 consecutive years, with 61.08% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 6386.0% year-over-year to 61.08%; the trailing twelve-month figure through Jun 2026 stood at 19.62% (up 1555.0% YoY), and the FY2025 full-year result was 12.19%, down 1104.0% from the prior year.
- Gross Margin rose to 61.08% in Q2 2026 per BTCS's latest filing, from 12.4% in the prior quarter.
- Across five years, Gross Margin topped out at 81.74% in Q2 2022 and bottomed at 2.79% in Q2 2025.
- Historically, Gross Margin has averaged 49.91% across 5 years, with a median of 64.42% in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 7270 bps in 2025, then surged 6386 bps in 2026.
- Over 5 years, Gross Margin stood at 58.48% in 2022, then rose by 28 bps to 75.15% in 2023, then slumped by 96 bps to 2.89% in 2024, then surged by 329 bps to 12.4% in 2025, then soared by 392 bps to 61.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 61.08%, 12.4%, and 22.03% for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 95.11% |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 0.05% |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | - |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | 1.30% |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | 1.61% |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | - |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | - |
| 10 | Btcs | 79.69 Mn | -1.42 Mn | 1.49 Mn | 61.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.08% |
| Dec 31, 2025 | 12.40% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | -2.79% |
| 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% |