Btcs (BTCS) Gross Margin (2011 - 2025)
Btcs' (BTCS) quarterly Gross Margin came in at 12.4% in Q4 2025, up 951.0% YoY from 1.18% in Q4 2024, and down 43.71% on a QoQ basis from 22.03% in Q3 2025.
Btcs (BTCS) Gross Margin (2011 - 2025) Analysis & Trends
Btcs (BTCS) has 12 years of Gross Margin data on file, last reported at 12.4% in Q4 2025.
- Quarterly Gross Margin rose 951.0% year-over-year to 12.4% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 12.17% (down 1105.0% YoY) and the FY2025 annual result came in at 12.19%, down 1104.0% from the prior year.
- Gross Margin declined to 12.4% in Q4 2025, from 22.03% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 84.43% in Q2 2021 to a low of 2.92% in Q2 2025.
- A 5-year average of 55.04% and a median of 71.26% in 2021 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 1666 bps — and 2025, when it plunged 7283 bps.
- Tracing BTCS's Gross Margin over 5 years: stood at 71.98% in 2021, then fell by 19 bps to 58.48% in 2022, then grew by 28 bps to 75.15% in 2023, then plunged by 96 bps to 2.89% in 2024, then soared by 329 bps to 12.4% in 2025.
- The last three Gross Margin figures came in at 12.4% (Q4 2025), 22.03% (Q3 2025), and 2.92% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 92.05% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Btcs | 48.96 Mn | -163.01 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% |