Btcs (BTCS) Operating Expenses (2011 - 2025)

Btcs' (BTCS) quarterly Operating Expenses came in at $17.3 million in Q4 2025, up 891.09% YoY from $1.7 million in Q4 2024, and up 144.25% on a QoQ basis from $7.1 million in Q3 2025.

Btcs (BTCS) Operating Expenses (2011 - 2025) Analysis & Trends

Btcs (BTCS) has 15 years of Operating Expenses data on file, last reported at $17.3 million in Q4 2025.

  • Quarterly Operating Expenses rose 891.09% year-over-year to $17.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $31.9 million (up 1356.05% YoY) and the FY2025 annual result came in at $31.9 million, up 1356.05% from the prior year.
  • Operating Expenses advanced to $17.3 million in Q4 2025, from $7.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $17.3 million in Q4 2025 to a low of -$2.2 million in Q4 2024.
  • A 5-year average of $3.9 million and a median of $2.3 million in 2021 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2021 — Operating Expenses jumped 2819.29% — and 2024, when it plunged 283.82%.
  • Tracing BTCS's Operating Expenses over 5 years: stood at $2.6 million in 2021, then slipped by 20.52% to $2.1 million in 2022, then plunged by 42.11% to $1.2 million in 2023, then sank by 283.82% to -$2.2 million in 2024, then jumped by 891.09% to $17.3 million in 2025.
  • The last three Operating Expenses figures came in at $17.3 million (Q4 2025), $7.1 million (Q3 2025), and $4.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Btcs 35.51 Mn 33.39 Mn 879,072.00 17.29 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 17.29 Mn
Sep 30, 2025 7.08 Mn
Jun 30, 2025 4.45 Mn
Mar 31, 2025 3.08 Mn
Dec 31, 2024 -2.19 Mn
Sep 30, 2024 1.92 Mn
Jun 30, 2024 1.32 Mn
Mar 31, 2024 1.14 Mn
Dec 31, 2023 1.19 Mn
Sep 30, 2023 887,670.00
Jun 30, 2023 1.95 Mn
Mar 31, 2023 1.27 Mn
Dec 31, 2022 2.05 Mn
Sep 30, 2022 1.36 Mn
Jun 30, 2022 9.86 Mn
Mar 31, 2022 5.49 Mn
Dec 31, 2021 2.58 Mn
Sep 30, 2021 5.52 Mn
Jun 30, 2021 4.53 Mn
Mar 31, 2021 7.98 Mn