Btcs (BTCS) Gross Margin (2011 - 2025)
Btcs (BTCS) reported Gross Margin of 12.4% for Q4 2025, up 951.0% on a YoY basis from 1.18% in Q4 2024, and down 43.71% quarter-over-quarter from 22.03% in Q3 2025.
Btcs (BTCS) Gross Margin (2011 - 2025) Analysis & Trends
Btcs has reported Gross Margin for 12 years, with the latest figure at 12.4% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 951.0% year-over-year to 12.4%; the trailing twelve-month figure through Dec 2025 stood at 12.17% (down 1105.0% YoY), and the FY2025 full-year result was 12.19%, down 1104.0% from the prior year.
- Gross Margin for Q4 2025 stood at 12.4%, down from 22.03% in the prior quarter.
- The five-year high for Gross Margin was 84.43% in Q2 2021, with the low at 2.92% in Q2 2025.
- Historically, Gross Margin has averaged 55.04% across 5 years, with a median of 71.26% in 2021.
- Annual changes were most pronounced in 2023 — Gross Margin surged 1666 bps — and 2025, when it plunged 7283 bps.
- Btcs' Gross Margin 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 84.10% |
| 10 | Btcs | 45.14 Mn | -166.22 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% |